XML 28 R5.htm IDEA: XBRL DOCUMENT v3.25.4
Consolidated Statements of Comprehensive Income (Loss) - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Revenues:      
Total revenues $ 874,837 $ 450,712 $ 331,412
Expenses:      
Cost of product sales 19,075 12,269 4,481
Research and development 166,126 174,638 216,566
Selling, general and administrative 348,647 266,348 214,074
Total operating expenses 533,848 453,255 435,121
Income (loss) from operations 340,989 (2,543) (103,709)
Other income (expense):      
Interest income 10,668 14,746 15,777
Interest expense (78,872) (98,516) (108,239)
Foreign currency losses, net (152) (641) (1,039)
Loss on extinguishment of debt (17,332) 0 (29,019)
Other income 12,090 0 0
Total other expense, net (73,598) (84,411) (122,520)
Income (loss) before income taxes 267,391 (86,954) (226,229)
Income tax expense 3,530 1,927 310
Net income (loss) 263,861 (88,881) (226,539)
Other comprehensive income (loss):      
Foreign currency translation adjustment (674) (776) 180
Unrealized (loss) gain on available for sale investments (209) 360 1,131
Total other comprehensive (loss) income (883) (416) 1,311
Net comprehensive income (loss) $ 262,978 $ (89,297) $ (225,228)
Net income (loss) per common share: basic (in usd per share) $ 1.26 $ (0.43) $ (1.18)
Weighted average shares of common stock outstanding: basic (in shares) 209,893 206,696 192,198
Net income (loss) per common share: diluted (in usd per share) $ 1.21 $ (0.43) $ (1.18)
Weighted average shares of common stock outstanding: diluted (in shares) 218,581 206,696 192,198
Product sales, net      
Revenues:      
Total revenues $ 623,151 $ 442,668 $ 324,696
License and other revenues      
Revenues:      
Total revenues $ 251,686 $ 8,044 $ 6,716