Annual report [Section 13 and 15(d), not S-K Item 405]

STATEMENTS OF OPERATIONS

v3.25.4
STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Revenues:      
Total revenues $ 294,282 $ 179,278 $ 116,882
Costs and expenses:      
Cost of product sales 19,621 18,647 7,110
Research and development 33,295 23,380 24,522
Selling, general and administrative 115,900 113,059 105,741
Total costs and expenses 168,816 155,086 137,373
Income (loss) from operations 125,466 24,192 (20,491)
Interest income 3,681 2,092 2,272
Interest expense (7,320) (7,918) (6,872)
Income (loss) before income taxes 121,827 18,366 (25,091)
(Benefit from) provision for income taxes (245,197) 881 0
Net income (loss) $ 367,024 $ 17,485 $ (25,091)
Net income (loss) per share      
Basic (in dollars per share) $ 20.40 $ 0.99 $ (1.44)
Diluted (in dollars per share) $ 19.48 $ 0.99 $ (1.44)
Weighted average shares used in computing net income (loss) per share      
Basic (in shares) 17,987 17,579 17,401
Diluted (in shares) 18,840 17,687 17,401
Product sales, net      
Revenues:      
Total revenues $ 231,983 $ 144,902 $ 104,294
Contract revenues from collaborations      
Revenues:      
Total revenues 62,034 34,376 11,488
Government contracts      
Revenues:      
Total revenues $ 265 $ 0 $ 1,100