XML 97 R81.htm IDEA: XBRL DOCUMENT v3.25.0.1
Income Taxes - Deferred Tax Assets and Liabilities (Details) - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Deferred tax assets:    
Net federal and state operating losses $ 105,865 $ 108,753
Research and development credits 87,287 88,390
Royalty income 117,570 122,391
Stock-based compensation 34,486 26,113
Capitalized R&D 82,476 75,081
Leasing obligations 2,806 3,076
Other 22,693 17,515
Total deferred tax assets 453,183 441,319
Deferred tax liabilities:    
Fixed assets (797) (678)
Right of use asset (2,620) (2,872)
Total deferred tax liabilities (3,417) (3,550)
Valuation allowance (448,740) (437,098)
Net deferred tax assets $ 1,026 $ 671