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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Jun. 30, 2025
Jun. 30, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ 13,993 $ (436,349)
Adjustments to reconcile net income (loss) to net cash flow from operating activities    
Stock-based compensation 44,279 54,494
Depreciation and amortization 17,542 13,570
(Accretion) amortization of note premiums/discounts (4,545) 7,886
Realized loss on investments 0 (80)
Non-cash interest expense on liability related to the sale of future royalties 18,893 17,705
Non-cash interest expense on credit facility 48,774 0
Changes in operating assets and liabilities:    
Accounts receivable (9,841) 0
Prepaid expenses and other assets (22,342) (1,746)
Accounts payable 21,662 2,785
Accrued expenses 7,956 13,086
Deferred revenue 22,979 (866)
Operating lease, net (3,417) 3,880
Other 3,128 0
Net cash provided by (used in) operating activities 159,061 (325,635)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property and equipment (15,177) (117,180)
Purchases of investments (774,616) (428,611)
Proceeds from sales and maturities of investments 587,880 348,642
Net cash used in investing activities (201,913) (197,149)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from the exercises of stock options 3,476 2,166
Proceeds from the issuance of common stock, net of offering costs 241,388 429,265
Proceeds from the sales of future royalties 0 50,000
Proceeds from the issuance of warrants 25,000 0
Payments of debt issuance costs (5,000) 0
Repayments of credit facility (201,625) 0
Proceeds from Visirna credit agreement 7,098 0
Net cash provided by financing activities 70,337 481,431
Net increase (decrease) in cash, cash equivalents and restricted cash 27,485 (41,353)
Effect of exchange rate on cash, cash equivalents and restricted cash (377) (139)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH:    
BEGINNING OF PERIOD 102,685 110,891
END OF PERIOD 129,793 69,399
Supplementary disclosure of cash flows:    
Interest paid (19) 0
Income taxes paid (81) (3,062)
Supplemental disclosure of non-cash investing activities:    
Capital expenditures included in accrued expenses $ 346 $ 6,909