Ironwood Pharmaceuticals, Inc(NASDAQ:IRWD)
Ironwood Pharmaceuticals, Inc., a healthcare company, focuses on the development and commercialization of gastrointestinal (GI) products. It markets linaclotide, a guanylate cyclase type-C agonist for the treatment of adults suffering from irritable bowel syndrome with constipation (IBS-C) or chroni...
Website: http://www.ironwoodpharma.com
Founded: 1998
Full Time Employees: 317
Sector: Healthcare
Industry: Drug Manufacturers-Specialty & Generic
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| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2013-09-30 | 2013-06-30 | 2013-03-31 | 2012-09-30 | 2012-06-30 | 2012-03-31 | 2011-09-30 | 2011-06-30 | 2011-03-31 | 2010-09-30 | 2010-06-30 | 2010-03-31 |
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revenues: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
collaborative arrangements revenue | 106,506,000 | 47,709,000 | 122,060,000 | 85,239,000 | 41,143,000 | 90,545,000 | 91,592,000 | 94,396,000 | 74,877,000 | 117,553,000 | 113,739,000 | 107,382,000 | 104,061,000 | 107,199,000 | 108,637,000 | 97,231,000 | 97,529,000 | 116,986,000 | 103,747,000 | 103,386,000 | 88,665,000 | 114,209,000 | 103,468,000 | 89,423,000 | 74,445,000 | 105,654,000 | 130,524,000 | 77,322,000 | 66,152,000 | 84,352,000 | 54,194,000 | 71,207,000 | 63,086,000 | 62,901,000 | 86,143,000 | 64,612,000 | 51,877,000 | 87,459,000 | 66,106,000 | 54,350,000 | 66,042,000 | 39,572,000 | 27,744,000 | 28,932,000 | 16,918,000 | 6,840,000 | 14,605,000 | 4,932,000 | 9,663,000 | 3,255,000 | 96,413,000 | 14,604,000 | 12,248,000 | 12,218,000 | 11,262,000 | 10,237,000 | 9,059,000 | ||
total revenues | 106,506,000 | 47,709,000 | 122,060,000 | 85,239,000 | 41,143,000 | 90,545,000 | 91,592,000 | 94,396,000 | 74,877,000 | 117,553,000 | 113,739,000 | 107,382,000 | 104,061,000 | 107,199,000 | 108,637,000 | 97,231,000 | 97,529,000 | 117,130,000 | 103,747,000 | 104,031,000 | 88,845,000 | 116,680,000 | 103,468,000 | 89,432,000 | 79,943,000 | 126,301,000 | 131,167,000 | 102,215,000 | 68,730,000 | 130,692,000 | 65,686,000 | 81,106,000 | 69,155,000 | 94,208,000 | 86,825,000 | 65,077,000 | 52,166,000 | ||||||||||||||||||||||
yoy | 158.87% | -47.31% | 33.26% | -9.70% | -45.05% | -22.98% | -19.47% | -12.09% | -28.05% | 9.66% | 4.70% | 10.44% | 6.70% | -8.48% | 4.71% | -6.54% | 9.77% | 0.39% | 0.27% | 16.32% | 11.14% | -7.62% | -21.12% | -12.51% | 16.31% | -3.36% | 99.69% | 26.03% | -0.61% | 38.73% | -24.35% | 24.63% | 32.57% | ||||||||||||||||||||||||||
qoq | 123.24% | -60.91% | 43.20% | 107.18% | -54.56% | -1.14% | -2.97% | 26.07% | -36.30% | 3.35% | 5.92% | 3.19% | -2.93% | -1.32% | 11.73% | -0.31% | -16.73% | 12.90% | -0.27% | 17.09% | -23.86% | 12.77% | 15.69% | 11.87% | -36.70% | -3.71% | 28.32% | 48.72% | -47.41% | 98.96% | -19.01% | 17.28% | -26.59% | 8.50% | 33.42% | 24.75% | |||||||||||||||||||||||
costs and expenses: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
research and development | 21,940,000 | 21,863,000 | 22,468,000 | 23,373,000 | 27,432,000 | 25,391,000 | 29,827,000 | 30,388,000 | 25,815,000 | 35,676,000 | 32,985,000 | 34,577,000 | 12,847,000 | 10,446,000 | 11,545,000 | 11,452,000 | 10,822,000 | 31,851,000 | 10,907,000 | 12,163,000 | 15,484,000 | 16,267,000 | 21,692,000 | 22,076,000 | 28,027,000 | 26,537,000 | 27,551,000 | 28,758,000 | 53,990,000 | 44,272,000 | 46,794,000 | 38,932,000 | 36,505,000 | 40,117,000 | 37,065,000 | 37,344,000 | 33,702,000 | 38,442,000 | 37,526,000 | 31,682,000 | 31,842,000 | 25,830,000 | 28,648,000 | 26,641,000 | 25,122,000 | 22,142,000 | 27,144,000 | 23,016,000 | 24,093,000 | 32,753,000 | 23,453,000 | 32,238,000 | 29,510,000 | 22,905,000 | 19,409,000 | 19,555,000 | 18,742,000 | 20,953,000 | 18,637,000 |
selling, general and administrative | 12,033,000 | 19,293,000 | 21,908,000 | 16,795,000 | 24,260,000 | 33,590,000 | 36,113,000 | 36,964,000 | 37,605,000 | 38,667,000 | 36,046,000 | 52,484,000 | 31,117,000 | 28,390,000 | 28,619,000 | 30,124,000 | 28,861,000 | 28,687,000 | 27,742,000 | 27,052,000 | 27,652,000 | 33,982,000 | 34,928,000 | 34,643,000 | 36,450,000 | 39,190,000 | 40,919,000 | 43,246,000 | 64,741,000 | 58,179,000 | 55,248,000 | 68,363,000 | 61,923,000 | 57,953,000 | 61,774,000 | 57,792,000 | 55,604,000 | 55,208,000 | 44,987,000 | 36,918,000 | 36,168,000 | 30,439,000 | 32,955,000 | 30,346,000 | 28,535,000 | 29,299,000 | 29,924,000 | 30,264,000 | 30,870,000 | 33,374,000 | |||||||||
restructuring | -40,000 | -252,000 | 2,200,000 | -250,000 | 18,559,000 | 73,000 | 16,000 | 2,067,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
total costs and expenses | 33,933,000 | 40,904,000 | 46,576,000 | 39,918,000 | 70,251,000 | 59,054,000 | 65,956,000 | 69,419,000 | 63,857,000 | 79,964,000 | 73,716,000 | 1,190,521,000 | |||||||||||||||||||||||||||||||||||||||||||||||
income from operations | 72,573,000 | 6,805,000 | 75,484,000 | 45,321,000 | -29,108,000 | 31,491,000 | 25,636,000 | 24,977,000 | 11,020,000 | 37,589,000 | 40,023,000 | -1,083,139,000 | 60,097,000 | 68,363,000 | 68,473,000 | 55,655,000 | 57,846,000 | 56,592,000 | 65,171,000 | 65,098,000 | 45,398,000 | 51,384,000 | 45,616,000 | 32,713,000 | 13,227,000 | 49,593,000 | 65,887,000 | 21,577,000 | -54,372,000 | 5,995,000 | -169,099,000 | -39,920,000 | -35,868,000 | 22,765,000 | -19,434,000 | -41,011,000 | -39,705,000 | -6,300,000 | -28,287,000 | 47,608,000 | |||||||||||||||||||
yoy | -349.32% | -78.39% | 194.45% | 81.45% | -364.14% | -16.22% | -35.95% | -102.31% | -81.66% | -45.02% | -41.55% | -2046.17% | 3.89% | 20.80% | 5.07% | -14.51% | 27.42% | 10.14% | 42.87% | 99.00% | 243.22% | 3.61% | -30.77% | 51.61% | -124.33% | 727.24% | -138.96% | -154.05% | 51.59% | -73.67% | 770.12% | -2.66% | -9.66% | -461.35% | -31.30% | ||||||||||||||||||||||||
qoq | 966.47% | -90.98% | 66.55% | -255.70% | -192.43% | 22.84% | 2.64% | 126.65% | -70.68% | -6.08% | -103.70% | -1902.32% | -12.09% | -0.16% | 23.03% | -3.79% | 2.22% | -13.16% | 0.11% | 43.39% | -11.65% | 12.64% | 39.44% | 147.32% | -73.33% | -24.73% | 205.36% | -139.68% | -1006.96% | -103.55% | 323.59% | 11.30% | -257.56% | -217.14% | -52.61% | 3.29% | 530.24% | -77.73% | |||||||||||||||||||||
operating margin % | 68.14% | 14.26% | 61.84% | 53.17% | -70.75% | 34.78% | 27.99% | 26.46% | 14.72% | 31.98% | 35.19% | -1008.68% | 57.75% | 63.77% | 63.03% | 57.24% | 59.31% | 48.32% | 62.82% | 62.58% | 51.10% | 44.04% | 44.09% | 36.58% | 16.55% | 39.27% | 50.23% | 21.11% | -79.11% | 4.59% | -257.44% | -49.22% | -51.87% | 24.16% | -22.38% | -63.02% | -76.11% | -Infinity% | -Infinity% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | Infinity% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% |
other income: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest expense and other financing costs | -9,141,000 | -7,886,000 | -8,434,000 | -8,356,000 | -8,070,000 | -8,914,000 | -9,419,000 | -7,470,000 | -7,231,000 | -8,423,000 | -9,839,000 | -1,840,000 | |||||||||||||||||||||||||||||||||||||||||||||||
interest and investment income | 1,698,000 | 1,459,000 | 930,000 | 818,000 | 869,000 | 778,000 | 1,152,000 | 1,369,000 | 1,169,000 | 1,194,000 | 1,748,000 | 8,757,000 | 7,272,000 | 5,446,000 | 2,807,000 | 1,018,000 | 230,000 | 180,000 | 178,000 | 172,000 | 196,000 | 220,000 | 231,000 | 276,000 | 777,000 | 565,000 | 893,000 | 668,000 | 736,000 | 837,000 | 741,000 | 732,000 | 681,000 | 619,000 | 601,000 | 496,000 | 395,000 | 346,000 | 307,000 | 295,000 | 221,000 | 156,000 | 71,000 | 65,000 | 71,000 | 65,000 | 44,000 | 41,000 | 49,000 | 52,000 | 41,000 | 44,000 | 49,000 | 105,000 | 125,000 | 154,000 | 188,000 | 189,000 | 68,000 |
other | 42,000 | 77,000 | 40,000 | 39,000 | 37,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
other income | -7,401,000 | -6,350,000 | -7,464,000 | -7,499,000 | -7,164,000 | -7,496,000 | -8,267,000 | -6,101,000 | -6,062,000 | -7,229,000 | -8,091,000 | 6,917,000 | 5,764,000 | -3,000 | 27,000 | 306,000 | 68,000 | 140,000 | 897,000 | 3,000 | 107,000 | 110,000 | |||||||||||||||||||||||||||||||||||||
income before income taxes | 65,172,000 | 455,000 | 68,020,000 | 37,822,000 | -36,272,000 | 23,995,000 | 17,369,000 | 18,876,000 | 4,958,000 | 30,360,000 | 31,932,000 | -1,076,222,000 | 65,861,000 | 72,265,000 | 69,907,000 | 53,785,000 | 56,465,000 | 38,600,500 | 59,672,000 | 54,372,000 | 40,358,000 | ||||||||||||||||||||||||||||||||||||||
income tax expense | -24,399,000 | -2,731,000 | -27,940,000 | -14,223,000 | -1,114,000 | -21,739,000 | -13,723,000 | -19,736,000 | -9,120,000 | -12,846,250 | -17,982,000 | -13,256,000 | -20,147,000 | -17,664,000 | -432,000 | 1,296,000 | 1,389,000 | 3,000 | |||||||||||||||||||||||||||||||||||||||||
net income | 40,773,000 | -2,276,000 | 40,080,000 | 23,599,000 | -37,386,000 | 2,256,000 | 3,646,000 | -860,000 | -4,162,000 | -1,745,000 | 13,950,000 | 47,858,000 | 20,648,000 | 12,283,000 | -59,284,000 | -15,493,000 | -174,351,000 | -49,380,000 | -43,144,000 | 12,085,000 | -32,297,000 | -44,224,000 | -52,501,000 | -13,505,000 | -33,204,000 | -21,702,000 | -13,297,000 | -47,390,000 | -48,020,000 | -33,222,000 | -41,988,000 | -60,357,000 | -49,626,000 | -61,775,000 | -65,149,000 | -93,902,000 | 47,635,000 | -40,803,000 | |||||||||||||||||||||
yoy | -209.06% | -200.89% | 999.29% | -2844.07% | 798.27% | -229.28% | -73.86% | -408.90% | -111.84% | -124.87% | 37.41% | -228.20% | 439.84% | 11.66% | -17.82% | -189.49% | -2.73% | 103.78% | 294.83% | -71.50% | -30.85% | -34.68% | -68.33% | -21.48% | -3.24% | -46.22% | -35.55% | -35.72% | -204.18% | 51.40% | |||||||||||||||||||||||||||||
qoq | -1891.43% | -105.68% | 69.84% | -163.12% | -1757.18% | -38.12% | -523.95% | -79.34% | 138.51% | -112.51% | 131.78% | 68.10% | -120.72% | 282.65% | -91.11% | 253.08% | 14.45% | -457.00% | -137.42% | -26.97% | -15.77% | 288.75% | -59.33% | 53.00% | 63.21% | -71.94% | -1.31% | 44.54% | -20.88% | -30.43% | 21.62% | -19.67% | -5.18% | -30.62% | -297.13% | -216.74% | |||||||||||||||||||||||
net income margin % | 38.28% | -4.77% | 32.84% | 27.69% | -90.87% | 2.49% | 3.98% | -0.91% | -5.56% | -1.48% | 12.26% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 37.89% | 15.74% | 12.02% | -86.26% | -11.85% | -265.43% | -60.88% | -62.39% | 12.83% | -37.20% | -67.96% | -100.64% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | Infinity% | -Infinity% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% |
net income per share | 0.25 | -0.01 | 0.25 | 0.15 | -0.23 | 0.02 | 0.02 | -0.01 | -0.03 | 0.1 | -6.84 | 0.3 | 0.31 | 0.33 | 0.24 | 0.25 | 0.25 | 0.34 | 2.42 | 0.25 | 0.27 | 0.22 | 0.16 | 0.02 | 0.31 | 0.13 | 0.08 | -0.38 | -0.1 | -1.14 | -0.32 | -0.29 | 0.09 | -0.22 | -0.3 | -0.36 | -0.09 | -0.23 | -0.15 | -0.09 | -0.33 | -0.34 | -0.24 | -0.3 | -0.44 | -0.38 | -0.57 | -0.87 | -0.38 | -0.34 | -0.21 | -0.19 | -0.19 | -0.08 | -0.18 | -0.25 | |||
weighted-average shares used for eps calculation | 163,451 | 161,842 | 162,215 | 161,723 | 160,974 | 159,083 | 159,706 | 159,014 | 157,700 | 155,435 | 155,886 | 155,367 | 154,452 | 154,366 | 153,066 | 153,304 | 157,821 | 162,245 | 162,742 | 161,948 | 160,967 | 159,427 | 159,846 | 159,407 | 158,374 | ||||||||||||||||||||||||||||||||||
acquired in-process research and development | 5,000,000 | 1,090,449,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on derivatives | 19,000 | -18,000 | 151,000 | -681,000 | 730,000 | -2,566,000 | 2,164,000 | 2,390,000 | -467,000 | -3,466,000 | 4,517,000 | -4,766,000 | -672,000 | 3,944,000 | -12,739,000 | 3,489,000 | -809,000 | 1,316,000 | -2,093,000 | -4,329,000 | 5,337,000 | 2,103,000 | 4,541,000 | 3,145,000 | |||||||||||||||||||||||||||||||||||
less: net loss attributable to noncontrolling interests | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to ironwood pharmaceuticals, inc. | 2,256,000 | 3,646,000 | -1,087,000 | 15,321,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
net loss attributable to ironwood pharmaceuticals, inc. | -860,000 | -20,633,000 | -18,844,000 | -18,401,000 | -8,270,000 | -17,136,000 | -15,924,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
restructuring expenses | 437,000 | 621,000 | 4,685,000 | 13,011,000 | -73,000 | -282,000 | 311,000 | 14,150,000 | 1,232,000 | -32,000 | -166,000 | 490,000 | 3,328,000 | 783,000 | 10,282,000 | 2,392,000 | |||||||||||||||||||||||||||||||||||||||||||
less: net income attributable to noncontrolling interests | -658,000 | -1,371,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income and comprehensive income | -1,089,478,000 | 45,714,000 | 48,867,000 | 50,317,000 | 37,080,000 | 38,801,000 | 41,374,000 | 55,845,000 | 391,303,000 | 39,926,000 | 15,743,000 | 34,423,000 | 25,204,000 | 3,345,000 | |||||||||||||||||||||||||||||||||||||||||||||
less: net income and comprehensive income attributable to noncontrolling interests | -27,291,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income and comprehensive income attributable to ironwood pharmaceuticals, inc. | -1,062,187,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating expenses: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total operating expenses | 43,964,000 | 38,836,000 | 40,164,000 | 41,576,000 | 39,683,000 | 48,805,000 | 55,438,000 | 47,884,000 | 33,834,000 | 30,214,000 | 28,779,000 | 25,224,000 | 28,278,000 | 25,280,000 | |||||||||||||||||||||||||||||||||||||||||||||
interest expense | -1,527,000 | -1,526,000 | -1,524,000 | -2,207,000 | -2,341,000 | -7,951,000 | -7,841,000 | -7,732,000 | -7,626,000 | -7,521,000 | -7,419,000 | -7,318,000 | -7,220,000 | -7,123,000 | -10,457,000 | -9,430,000 | -9,592,000 | -9,586,000 | -9,482,000 | -9,383,000 | -9,273,000 | -9,206,000 | -9,135,000 | -9,046,000 | -8,983,000 | -9,654,000 | -9,765,000 | ||||||||||||||||||||||||||||||||
sale of active pharmaceutical ingredient | 144,000 | 645,000 | 180,000 | 2,471,000 | 9,000 | 5,498,000 | 20,647,000 | 643,000 | 24,893,000 | 2,578,000 | 45,861,000 | 10,257,000 | 8,803,000 | 5,434,000 | |||||||||||||||||||||||||||||||||||||||||||||
other expense | -454,250 | 1,434,000 | -1,870,000 | -1,381,000 | -10,337,000 | -5,499,000 | -10,726,000 | -5,040,000 | -6,884,000 | -9,804,000 | -7,509,000 | -9,882,000 | -1,735,000 | -45,239,000 | -9,294,000 | -4,912,000 | -21,488,000 | -5,252,000 | -9,460,000 | -7,276,000 | -10,680,000 | -12,863,000 | -3,213,000 | -12,796,000 | -7,205,000 | -4,917,000 | |||||||||||||||||||||||||||||||||
income tax benefit | -23,398,000 | -19,590,000 | -16,705,000 | -4,881,000 | -3,827,000 | 336,931,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
cost and expenses: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cost of revenues | 559,750 | 2,239,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total cost and expenses | 60,538,000 | 38,576,000 | 38,933,000 | 43,447,000 | 65,296,000 | 57,852,000 | 56,719,000 | 66,716,000 | 76,708,000 | 65,280,000 | 80,638,000 | 123,102,000 | 124,697,000 | 234,785,000 | 121,026,000 | 105,023,000 | 71,443,000 | 106,259,000 | 106,088,000 | 91,871,000 | 93,759,000 | 94,393,000 | 69,665,000 | 68,010,000 | 65,757,000 | 69,753,000 | 56,999,000 | 53,657,000 | 61,959,000 | 58,992,000 | 61,483,000 | 69,543,000 | 92,088,000 | ||||||||||||||||||||||||||
loss on derivatives | -3,166,000 | -1,637,250 | -2,616,000 | -2,199,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
write-down of commercial supply and inventory to net realizable value and settlement on non-cancellable purchase commitments | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on lease modification | -3,169,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on extinguishment of debt | -30,977,000 | -2,009,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from continuing operations, before income taxes | 44,500,000 | 35,812,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from continuing operations, net of income taxes | 15,743,000 | 34,423,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss from discontinued operations, net of income taxes | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income per share from continuing operations, net of income taxes—basic | 0.27 | 0.22 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income per share from continuing operations, net of income taxes—diluted | 0.27 | 0.21 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss per share from discontinued operations, net of income taxes—basic and diluted | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income from continuing operations | 25,204,000 | 3,345,000 | 47,858,000 | 20,648,000 | 12,283,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
net loss from discontinued operations | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
product revenue | 479,000 | 1,235,000 | 1,096,000 | 635,000 | 1,625,000 | 682,000 | 465,000 | 289,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
cost of revenues, excluding amortization of acquired intangible assets | 11,013,000 | 506,000 | 11,313,000 | 1,043,000 | 21,463,000 | 4,616,000 | 4,065,000 | 2,607,000 | 8,984,000 | 6,080,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
write-down of commercial supply and inventory to net realizable value and (settlement) loss on non-cancellable purchase commitments | -3,530,000 | 61,750 | -1,589,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of acquired intangible assets | 1,159,000 | 3,476,000 | 3,476,000 | 3,476,000 | 1,897,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on fair value remeasurement of contingent consideration | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
impairment of intangible assets | 151,794,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
weighted-average number of common shares—basic and diluted: | 156,436 | 155,849 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
write-down of commercial supply and inventory to net realizable value and loss on non-cancellable purchase commitments | 1,836,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on fair value remeasurement of contingent consideration | -33,519,000 | 1,962,000 | 512,000 | -39,229,000 | -628,000 | 6,933,000 | 1,614,000 | 1,164,000 | 8,667,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
weighted-average number of common shares used in net loss per share—basic and diluted: | 154,956 | 152,634 | 153,227 | 152,163 | 151,013 | 148,993 | 149,502 | 148,778 | 147,786 | 144,928 | 145,180 | ||||||||||||||||||||||||||||||||||||||||||||||||
write-down of lesinurad commercial supply to net realizable value | 41,750 | 71,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cost of revenues, excluding amortization of acquired intangible asset | 3,502,000 | 531,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
write-down of lesinurad commercial supply to net realizable value and loss on non-cancellable purchase commitments | 96,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of acquired intangible asset | 421,000 | 420,000 | -3,297,000 | 3,213,000 | 1,065,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
cost of revenue, excluding amortization of acquired intangible asset | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
write-down of inventory to net realizable value and loss on non-cancellable purchase commitments | 9,488,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other (expense) income: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
weighted-average number of common shares used in net loss per share — basic and diluted: | 144,642 | 143,593 | 142,473 | 142,098 | 141,278 | 139,234 | 138,315 | 129,745 | 113,441,391 | 108,072,643 | |||||||||||||||||||||||||||||||||||||||||||||||||
cost of revenue | 8,150,000 | 12,000 | 10,518,000 | 1,924,000 | 2,021,000 | 3,418,000 | 1,231,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
collaboration expense | 6,182,000 | 11,162,000 | 24,730,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic net income per share | -0.51 | 0.44 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
diluted net income per share | -0.51 | 0.42 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
weighted-average number of common shares used in: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
general and administrative | 25,352,000 | 23,200,000 | 18,374,000 | 10,929,000 | 10,805,000 | 9,224,000 | 6,482,000 | 7,325,000 | 6,643,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
net income before income taxes | 47,635,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
comprehensive income | 47,651 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
weighted-average number of common shares used in net loss per share —basic and diluted | 107,078,150 | 103,751,060 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
comprehensive loss | -40,815 | -35,604,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other comprehensive income: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unrealized gain on short-term investments | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other comprehensive income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net loss from continuing operations before income tax expense | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income from discontinued operations | 9,311,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income from discontinued operations attributable to noncontrolling interest | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
continuing operations | -0.21 | -0.19 | -0.19 | -0.16 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
discontinued operations | 0.08 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
weighted-average number of common shares used in net income per share attributable to ironwood pharmaceuticals, inc.—basic and diluted | 100,174,100 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net loss from discontinued operations attributable to noncontrolling interest | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
weighted-average number of common shares used in net loss per share attributable to ironwood pharmaceuticals, inc.—basic and diluted | 99,674,969 | 99,075,187 | 63,957,966 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
remeasurement of forward purchase contracts | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net loss from continuing operations before income tax benefit | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
weighted average number of common shares used in net loss per share attributable to ironwood pharmaceuticals, inc.—basic and diluted | 97,925,657 | 97,642,330 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
revenue: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
collaborative arrangements | 9,188,000 | 8,838,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
services | 1,771,000 | 214,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total revenue | 10,959,000 | 9,052,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net loss attributable to noncontrolling interest | 73,000 | 329,000 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2013-09-30 | 2013-06-30 | 2013-03-31 | 2012-09-30 | 2012-06-30 | 2012-03-31 | 2011-09-30 | 2011-06-30 | 2011-03-31 | 2010-09-30 | 2010-06-30 | 2010-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current assets: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents | 220,471,000 | 215,456,000 | 140,407,000 | 92,852,000 | 108,481,000 | 88,559,000 | 88,211,000 | 105,524,000 | 121,540,000 | 92,154,000 | 110,164,000 | 175,321,000 | 740,342,000 | 656,203,000 | 574,188,000 | 504,365,000 | 593,371,000 | 620,129,000 | 574,276,000 | 492,699,000 | 438,469,000 | 362,564,000 | 307,555,000 | 253,252,000 | 231,143,000 | 177,023,000 | 139,231,000 | 98,908,000 | 119,045,000 | 173,172,000 | 141,562,000 | 145,415,000 | 144,788,000 | 125,736,000 | 162,640,000 | 182,132,000 | 133,319,000 | 54,004,000 | 182,937,000 | 277,332,000 | 280,926,000 | 248,077,000 | 256,450,000 | 63,692,000 | 51,269,000 | 95,357,000 | 205,129,000 | 144,452,000 | 219,461,000 | 105,302,000 | 125,867,000 | 87,083,000 | 131,612,000 | 68,820,000 | 48,185,000 | 46,214,000 | 58,696,000 | 35,384,000 | 76,338,000 |
accounts receivable | 105,842,000 | 46,745,000 | 120,370,000 | 86,172,000 | 39,768,000 | 81,886,000 | 76,202,000 | 58,108,000 | 72,015,000 | 129,122,000 | 124,546,000 | 118,990,000 | 115,749,000 | 115,458,000 | 116,545,000 | 102,357,000 | 105,515,000 | 114,042,000 | 101,773,000 | 102,252,000 | 87,152,000 | 122,351,000 | 113,250,000 | 105,379,000 | 17,703,000 | 11,279,000 | 2,017,000 | 22,604,000 | 3,291,000 | 20,991,000 | 10,193,000 | 6,748,000 | 4,988,000 | 3,190,000 | 4,280,000 | 3,975,000 | 1,152,000 | 933,000 | 1,174,000 | 1,272,000 | 908,000 | 2,570,000 | 1,057,000 | 862,000 | 380,000 | 13,000 | 125,000 | 12,000 | 169,000 | 22,000 | 109,000 | 74,000 | 110,000 | 207,000 | 372,000 | 196,000 | 192,000 | ||
prepaid expenses and other current assets | 5,979,000 | 11,977,000 | 13,066,000 | 12,729,000 | 12,330,000 | 11,923,000 | 14,191,000 | 14,548,000 | 14,619,000 | 12,012,000 | 18,112,000 | 22,500,000 | 9,033,000 | 7,715,000 | 7,011,000 | 9,854,000 | 8,537,000 | 8,689,000 | 10,221,000 | 12,320,000 | 10,890,000 | 9,189,000 | 10,777,000 | 14,394,000 | 10,443,000 | 10,685,000 | 11,863,000 | 8,880,000 | 8,327,000 | 11,063,000 | 21,699,000 | 16,678,000 | 8,924,000 | 7,288,000 | 8,074,000 | 8,235,000 | 8,664,000 | 9,030,000 | 9,216,000 | 7,622,000 | 7,731,000 | 6,502,000 | 6,595,000 | 9,212,000 | 11,389,000 | 6,338,000 | 5,286,000 | 9,789,000 | 9,565,000 | 13,853,000 | 7,877,000 | 5,964,000 | 4,048,000 | ||||||
total current assets | 332,292,000 | 274,178,000 | 273,843,000 | 191,753,000 | 160,579,000 | 182,368,000 | 178,604,000 | 178,180,000 | 208,174,000 | 233,288,000 | 253,610,000 | 317,599,000 | 866,374,000 | 780,626,000 | 698,994,000 | 617,826,000 | 710,101,000 | 745,225,000 | 695,374,000 | 620,268,000 | 538,246,000 | 495,839,000 | 433,317,000 | 374,275,000 | 333,943,000 | 306,852,000 | 257,638,000 | 220,985,000 | 201,832,000 | 266,435,000 | 248,548,000 | 279,542,000 | 275,727,000 | 311,596,000 | 314,053,000 | 341,487,000 | 357,853,000 | 380,181,000 | 382,804,000 | 386,142,000 | 495,701,000 | 505,779,000 | 526,959,000 | 263,876,000 | 304,081,000 | 325,760,000 | 371,305,000 | 275,826,000 | 335,780,000 | 275,634,000 | 202,347,000 | 166,083,000 | 206,265,000 | 178,766,000 | 208,382,000 | 229,052,000 | 263,282,000 | 282,159,000 | 306,398,000 |
property and equipment | 3,166,000 | 3,408,000 | 3,666,000 | 3,929,000 | 4,256,000 | 4,495,000 | 4,795,000 | 5,068,000 | 5,288,000 | 5,585,000 | 5,630,000 | 5,876,000 | 6,015,000 | 6,288,000 | 6,660,000 | 6,964,000 | 7,229,000 | 7,575,000 | 7,912,000 | 8,105,000 | 8,501,000 | 8,929,000 | 9,324,000 | 11,190,000 | 12,164,000 | 12,429,000 | 11,381,000 | 6,665,000 | 19,017,000 | 17,270,000 | 16,161,000 | 16,335,000 | 16,844,000 | 17,274,000 | 17,175,000 | 17,854,000 | 18,633,000 | 20,512,000 | 18,842,000 | 17,939,000 | 19,446,000 | 23,183,000 | 25,017,000 | 27,477,000 | 30,415,000 | 33,560,000 | 35,524,000 | 37,231,000 | 35,013,000 | 36,100,000 | 36,470,000 | 34,859,000 | 35,140,000 | 32,875,000 | 33,484,000 | 35,074,000 | 33,286,000 | 29,117,000 | 23,540,000 |
operating lease right-of-use assets | 8,896,000 | 9,340,000 | 9,775,000 | 10,201,000 | 10,619,000 | 11,028,000 | 11,430,000 | 11,823,000 | 12,208,000 | 12,586,000 | 12,956,000 | 13,319,000 | 13,674,000 | 14,023,000 | 14,365,000 | 14,700,000 | 15,028,000 | 15,350,000 | 15,666,000 | 15,975,000 | 16,279,000 | 16,576,000 | 16,868,000 | 17,156,000 | 17,447,000 | 17,743,000 | 19,793,000 | 25,569,000 | 84,833,000 | ||||||||||||||||||||||||||||||
intangible assets | 1,838,000 | 2,040,000 | 2,247,000 | 2,453,000 | 2,658,000 | 2,860,000 | 3,067,000 | 3,273,000 | 3,478,000 | 3,682,000 | 3,889,000 | 4,096,000 | 152,953,000 | 156,429,000 | 159,905,000 | 163,381,000 | 165,278,000 | 165,699,000 | 166,119,000 | 182,722,000 | 185,935,000 | ||||||||||||||||||||||||||||||||||||||
deferred tax assets | 84,237,000 | 103,433,000 | 101,687,000 | 129,459,000 | 143,563,000 | 144,234,000 | 185,338,000 | 193,019,000 | 206,273,000 | 212,324,000 | 243,645,000 | 257,900,000 | 267,909,000 | 283,661,000 | 304,538,000 | 320,554,000 | 335,440,000 | 333,294,000 | 335,227,000 | 337,800,000 | |||||||||||||||||||||||||||||||||||||||
other assets | 4,137,000 | 4,502,000 | 4,844,000 | 5,151,000 | 5,538,000 | 5,923,000 | 6,285,000 | 4,257,000 | 3,398,000 | 3,608,000 | 3,823,000 | 3,920,000 | 820,000 | 847,000 | 863,000 | 872,000 | 955,000 | 1,000,000 | 855,000 | 879,000 | 924,000 | 943,000 | 881,000 | 820,000 | 838,000 | 5,000 | 20,000 | 26,000 | 56,000 | 114,000 | 708,000 | 771,000 | 809,000 | 870,000 | 799,000 | 738,000 | 783,000 | 1,456,000 | 1,412,000 | 1,818,000 | 2,243,000 | 3,223,000 | 3,504,000 | 6,028,000 | 3,525,000 | 3,597,000 | 3,895,000 | 4,639,000 | 5,091,000 | 5,212,000 | 54,000 | 74,000 | 124,000 | 192,000 | 214,000 | 251,000 | 317,000 | 298,000 | 30,000 |
total assets | 434,566,000 | 396,901,000 | 396,062,000 | 342,946,000 | 327,213,000 | 350,908,000 | 389,519,000 | 395,620,000 | 438,819,000 | 471,073,000 | 524,063,000 | 603,220,000 | 1,155,277,000 | 1,100,519,000 | 1,040,344,000 | 975,690,000 | 1,083,381,000 | 1,126,927,000 | 1,079,371,000 | 1,007,218,000 | 599,344,000 | 559,238,000 | 492,324,000 | 443,538,000 | 404,005,000 | 402,748,000 | 334,343,000 | 315,721,000 | 363,538,000 | 332,050,000 | 416,652,000 | 618,218,000 | 571,095,000 | 605,674,000 | 625,086,000 | 705,079,000 | 701,319,000 | 709,821,000 | 731,978,000 | 700,208,000 | 603,325,000 | 613,426,000 | 653,941,000 | 305,528,000 | 346,168,000 | 371,064,000 | 418,871,000 | 325,843,000 | 384,031,000 | 325,093,000 | 246,518,000 | 208,663,000 | 249,176,000 | 219,480,000 | 249,727,000 | 272,024,000 | 304,532,000 | 322,084,000 | 338,130,000 |
liabilities and stockholders' deficit | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current liabilities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts payable | 3,237,000 | 2,898,000 | 1,613,000 | 1,389,000 | 5,827,000 | 2,127,000 | 3,236,000 | 3,227,000 | 6,222,000 | 7,830,000 | 4,698,000 | 3,505,000 | 118,000 | 483,000 | 795,000 | 317,000 | 532,000 | 935,000 | 414,000 | 466,000 | 842,000 | 661,000 | 1,972,000 | 2,104,000 | 2,781,000 | 3,978,000 | 4,505,000 | 7,872,000 | 11,203,000 | 18,123,000 | 15,958,000 | 17,702,000 | 6,103,000 | 3,393,000 | 4,844,000 | 2,436,000 | 6,569,000 | 3,303,000 | 2,652,000 | 6,921,000 | 1,996,000 | 2,390,000 | 6,507,000 | 2,918,000 | 5,857,000 | 5,202,000 | 5,116,000 | ||||||||||||
accrued research and development costs | 2,044,000 | 3,149,000 | 3,528,000 | 4,551,000 | 5,627,000 | 6,681,000 | 9,408,000 | 6,720,000 | 11,880,000 | 21,331,000 | 10,735,000 | 20,122,000 | 2,874,000 | 5,258,000 | 5,673,000 | 6,338,000 | 5,442,000 | 15,896,000 | 1,675,000 | 1,638,000 | 1,254,000 | 1,898,000 | 2,657,000 | 2,400,000 | 2,286,000 | 2,956,000 | 4,956,000 | 6,270,000 | 9,734,000 | 8,219,000 | 5,088,000 | 5,378,000 | 4,673,000 | 7,313,000 | 7,872,000 | 7,454,000 | 5,106,000 | 6,937,000 | 8,042,000 | 6,653,000 | 6,625,000 | 2,635,000 | 5,530,000 | 9,270,000 | 2,056,000 | 2,235,000 | 1,763,000 | 3,711,000 | 4,946,000 | 6,184,000 | 6,154,000 | 6,907,000 | 7,958,000 | 7,629,000 | 5,429,000 | 8,052,000 | 5,328,000 | 8,573,000 | 8,426,000 |
accrued expenses and other current liabilities | 27,903,000 | 33,239,000 | 34,620,000 | 24,033,000 | 33,439,000 | 26,849,000 | 33,566,000 | 32,406,000 | 31,398,000 | 44,254,000 | 62,714,000 | 79,585,000 | 17,771,000 | 16,700,000 | 17,598,000 | 13,425,000 | 16,852,000 | 23,566,000 | 20,127,000 | 16,253,000 | 18,363,000 | 26,486,000 | 23,885,000 | 17,955,000 | 18,719,000 | 30,465,000 | 30,529,000 | 33,982,000 | 39,591,000 | 45,252,000 | 44,958,000 | 37,829,000 | 30,145,000 | 38,237,000 | 33,798,000 | 30,817,000 | 31,818,000 | 38,301,000 | 29,055,000 | 20,598,000 | 19,065,000 | 24,578,000 | |||||||||||||||||
current portion of operating lease liabilities | 3,268,000 | 3,252,000 | 3,236,000 | 3,220,000 | 3,204,000 | 3,189,000 | 3,173,000 | 3,157,000 | 3,142,000 | 3,126,000 | 3,111,000 | 3,095,000 | 3,080,000 | 3,065,000 | 3,050,000 | 3,066,000 | 3,097,000 | 3,127,000 | 3,157,000 | 3,161,000 | 3,144,000 | 3,128,000 | 3,112,000 | 2,610,000 | 1,876,000 | 1,146,000 | 9,934,000 | 11,904,000 | 12,080,000 | ||||||||||||||||||||||||||||||
current portion of convertible senior notes | 199,855,000 | 199,680,000 | 199,506,000 | 199,332,000 | 199,800,000 | 199,560,000 | 199,321,000 | 199,083,000 | 120,581,000 | 116,858,000 | 114,832,000 | 112,852,000 | |||||||||||||||||||||||||||||||||||||||||||||||
total current liabilities | 236,307,000 | 242,218,000 | 242,503,000 | 232,525,000 | 48,097,000 | 38,846,000 | 49,383,000 | 45,510,000 | 252,442,000 | 276,101,000 | 280,579,000 | 305,390,000 | 23,843,000 | 25,525,000 | 27,117,000 | 23,298,000 | 147,403,000 | 161,698,000 | 145,694,000 | 134,370,000 | 23,603,000 | 32,173,000 | 32,901,000 | 26,695,000 | 27,595,000 | 40,929,000 | 52,795,000 | 110,861,000 | 118,569,000 | 119,524,000 | 112,582,000 | 94,984,000 | 62,336,000 | 66,027,000 | 64,489,000 | 79,973,000 | 78,893,000 | 91,131,000 | 95,305,000 | 90,999,000 | 78,113,000 | 67,780,000 | 62,099,000 | 59,813,000 | 54,057,000 | 41,626,000 | 38,500,000 | 39,701,000 | 43,966,000 | 62,682,000 | 35,577,000 | 49,121,000 | 52,283,000 | 70,848,000 | 70,844,000 | 60,532,000 | 55,849,000 | 57,201,000 | 54,984,000 |
operating lease obligations, net of current portion | 9,233,000 | 9,870,000 | 10,498,000 | 11,117,000 | 11,717,000 | 12,304,000 | 12,882,000 | 13,452,000 | 14,004,000 | 14,543,000 | 15,074,000 | 15,598,000 | 16,105,000 | 16,599,000 | 17,087,000 | 17,567,000 | 18,031,000 | 18,484,000 | 18,930,000 | 19,394,000 | 19,862,000 | 20,318,000 | 20,767,000 | 21,211,000 | 21,646,000 | 22,082,000 | |||||||||||||||||||||||||||||||||
revolving credit facility | 385,000,000 | 385,000,000 | 385,000,000 | 385,000,000 | 385,000,000 | 385,000,000 | 400,000,000 | 425,000,000 | 275,000,000 | 300,000,000 | 325,000,000 | 400,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||
other liabilities | 21,170,000 | 21,648,000 | 22,218,000 | 22,466,000 | 17,292,000 | 17,105,000 | 39,771,000 | 34,738,000 | 29,414,000 | 28,415,000 | 30,948,000 | 31,035,000 | 11,824,000 | 9,766,000 | 9,227,000 | 6,491,000 | 5,111,000 | 3,501,000 | 1,594,000 | 1,482,000 | 1,630,000 | 1,763,000 | 518,000 | 602,000 | 705,000 | 734,000 | 492,000 | 2,626,000 | 2,723,000 | 2,530,000 | 2,530,000 | 5,060,000 | 5,060,000 | 5,060,000 | 8,190,000 | 8,190,000 | 8,190,000 | 8,190,000 | 10,120,000 | 10,120,000 | 10,120,000 | 10,645,000 | 3,845,000 | 1,653,000 | 1,653,000 | 909,000 | 703,000 | ||||||||||||
commitments and contingencies | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
stockholders’ deficit: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, 0.001 par value... | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
class a common stock, 0.001 par value... | 165,000 | 163,000 | 163,000 | 162,000 | 162,000 | 160,000 | 160,000 | 160,000 | 159,000 | 156,000 | 156,000 | 156,000 | 155,000 | 154,000 | 153,000 | 153,000 | 155,000 | 162,000 | 163,000 | 163,000 | 162,000 | 161,000 | 160,000 | 160,000 | 159,000 | 158,000 | 157,000 | 156,000 | 156,000 | 154,000 | 140,000 | 139,000 | 138,000 | 137,000 | 135,000 | 135,000 | 134,000 | 133,000 | 131,000 | 130,000 | 128,000 | 127,000 | 126,000 | 126,000 | 124,000 | 120,000 | 119,000 | 97,000 | 96,000 | 82,000 | 77,000 | 76,000 | 75,000 | 59,000 | 51,000 | 49,000 | 44,000 | 19,000 | 19,000 |
additional paid-in capital | 1,416,431,000 | 1,412,780,000 | 1,408,836,000 | 1,405,224,000 | 1,400,612,000 | 1,395,317,000 | 1,390,549,000 | 1,382,220,000 | 1,373,022,000 | 1,355,195,000 | 1,374,908,000 | 1,366,989,000 | 1,357,359,000 | 1,348,600,000 | 1,336,153,000 | 1,328,290,000 | 1,350,268,000 | 1,543,357,000 | 1,558,760,000 | 1,546,420,000 | 1,536,160,000 | 1,528,535,000 | 1,515,004,000 | 1,506,671,000 | 1,497,171,000 | 1,478,823,000 | 1,466,886,000 | 1,421,215,000 | 1,413,077,000 | 1,394,603,000 | 1,378,195,000 | 1,357,224,000 | 1,333,791,000 | 1,318,536,000 | 1,303,123,000 | 1,293,292,000 | 1,273,853,000 | 1,258,398,000 | 1,237,569,000 | 1,226,311,000 | 1,214,174,000 | 1,196,345,000 | 1,188,807,000 | 1,068,685,000 | 1,037,784,000 | 1,029,501,000 | 1,016,271,000 | 809,911,000 | 803,363,000 | 657,320,000 | 643,154,000 | 637,478,000 | 632,029,000 | 538,241,000 | 534,749,000 | 530,374,000 | 523,809,000 | 518,217,000 | 516,403,000 |
accumulated deficit | -1,632,945,000 | -1,673,718,000 | -1,671,442,000 | -1,711,522,000 | -1,735,121,000 | -1,697,735,000 | -1,699,991,000 | -1,703,637,000 | -1,702,777,000 | -1,698,615,000 | -1,697,528,000 | -1,712,849,000 | -650,662,000 | -696,376,000 | -745,243,000 | -795,560,000 | -832,640,000 | -937,608,000 | -978,982,000 | -1,034,827,000 | -1,426,130,000 | -1,466,056,000 | -1,509,260,000 | -1,543,683,000 | -1,568,887,000 | -1,572,232,000 | -1,620,090,000 | -1,640,738,000 | -1,650,412,000 | -1,591,128,000 | -1,575,635,000 | -1,401,284,000 | -1,351,904,000 | -1,308,760,000 | -1,320,845,000 | -1,288,548,000 | -1,244,324,000 | -1,191,823,000 | -1,178,318,000 | ||||||||||||||||||||
accumulated other comprehensive loss | -795,000 | 923,000 | -2,052,000 | -470,000 | -922,000 | -3,031,000 | -44,000 | -91,000 | -79,000 | -24,000 | -41,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
total stockholders’ deficit | -217,144,000 | -261,835,000 | -264,157,000 | -308,162,000 | -334,053,000 | -301,335,000 | -311,334,000 | -321,727,000 | -330,518,000 | -36,852,000 | -71,557,000 | -93,251,000 | -153,047,000 | -219,367,000 | -237,179,000 | ||||||||||||||||||||||||||||||||||||||||||||
total liabilities and stockholders’ deficit | 434,566,000 | 396,901,000 | 396,062,000 | 342,946,000 | 327,213,000 | 350,908,000 | 389,519,000 | 395,620,000 | 438,819,000 | 443,538,000 | 404,005,000 | 402,748,000 | 334,343,000 | 315,721,000 | 363,538,000 | ||||||||||||||||||||||||||||||||||||||||||||
convertible senior notes, net of current portion | 199,160,000 | 198,988,000 | 198,817,000 | 198,647,000 | 198,477,000 | 198,309,000 | 198,141,000 | 197,974,000 | 396,653,000 | 396,251,000 | 395,850,000 | 395,451,000 | 395,053,000 | 337,333,000 | 333,212,000 | 329,155,000 | |||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive income | -1,060,000 | -1,714,000 | -2,026,000 | 294,000 | -752,000 | 61,000 | 39,000 | 29,000 | 48,000 | 22,000 | 3,000 | 25,000 | 3,000 | 19,000 | 12,000 | 7,000 | 3,000 | 6,000 | 53,000 | 52,000 | 48,000 | 44,000 | |||||||||||||||||||||||||||||||||||||
liabilities and stockholders' equity | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
stockholders’ equity | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
restricted cash | 788,000 | 788,000 | 1,250,000 | 1,250,000 | 1,250,000 | 1,250,000 | 1,250,000 | 1,250,000 | 1,250,000 | 1,735,000 | 1,735,000 | 1,735,000 | 1,735,000 | 1,250,000 | 1,250,000 | 1,250,000 | 7,676,000 | 7,676,000 | 1,250,000 | 1,250,000 | 7,676,000 | 8,306,000 | 7,056,000 | 7,056,000 | 7,057,000 | 7,057,000 | 1,190,000 | 8,247,000 | 8,247,000 | 8,247,000 | 8,747,000 | 8,147,000 | 8,147,000 | 8,147,000 | 8,147,000 | 8,147,000 | 8,147,000 | 8,147,000 | 8,147,000 | 7,647,000 | 7,647,000 | 7,647,000 | 2,833,000 | 10,510,000 | 8,162,000 | ||||||||||||||
restricted cash, net of current portion | 510,000 | 510,000 | 485,000 | 485,000 | 485,000 | 485,000 | 485,000 | 485,000 | 485,000 | 485,000 | 485,000 | 485,000 | 485,000 | 971,000 | 971,000 | 971,000 | 971,000 | 971,000 | 6,426,000 | 6,426,000 | 7,057,000 | 8,247,000 | |||||||||||||||||||||||||||||||||||||
accounts receivable, net of current portion | 14,589,000 | 14,439,000 | 14,289,000 | 14,143,000 | 23,998,000 | 23,852,000 | 23,706,000 | 23,563,000 | 23,401,000 | 23,197,000 | 22,995,000 | 22,795,000 | 32,597,000 | 32,398,000 | |||||||||||||||||||||||||||||||||||||||||||||
note hedge warrants | 19,000 | 1,000 | 152,000 | 899,000 | 1,316,000 | 5,489,000 | 11,061,000 | 7,979,000 | 12,088,000 | 7,695,000 | 12,958,000 | 12,207,000 | 24,260,000 | 8,768,000 | 50,191,000 | 39,388,000 | 33,763,000 | 122,778,000 | 143,019,000 | 96,129,000 | 92,188,000 | 103,743,000 | 149,458,000 | 133,424,000 | 113,237,000 | 120,121,000 | 86,838,000 | 68,193,000 | 62,976,000 | 69,456,000 | |||||||||||||||||||||||||||||
total stockholders’ equity | -346,295,000 | -325,679,000 | -346,777,000 | 706,852,000 | 652,378,000 | 591,063,000 | 532,883,000 | 517,783,000 | 605,911,000 | 579,941,000 | 511,756,000 | 110,192,000 | 62,640,000 | 5,904,000 | 9,848,000 | 4,870,000 | 29,637,000 | 66,716,000 | 59,458,000 | 81,381,000 | 90,935,000 | 100,458,000 | 140,283,000 | 68,162,000 | 108,150,000 | 141,831,000 | 188,943,000 | 84,209,000 | 139,416,000 | 58,523,000 | 182,108,000 | 128,781,000 | 164,146,000 | 112,930,000 | 130,117,000 | 144,585,000 | 168,067,000 | 173,550,000 | 188,802,000 | ||||||||||||||||||||
total liabilities and stockholders’ equity | 471,073,000 | 524,063,000 | 603,220,000 | 1,155,277,000 | 1,100,519,000 | 1,040,344,000 | 975,690,000 | 1,083,381,000 | 1,126,927,000 | 1,079,371,000 | 1,007,218,000 | 599,344,000 | 559,238,000 | 492,324,000 | 605,674,000 | 705,079,000 | 701,319,000 | 709,821,000 | 731,978,000 | 700,208,000 | 603,325,000 | 613,426,000 | 653,941,000 | 305,528,000 | 346,168,000 | 371,064,000 | 418,871,000 | 325,843,000 | 384,031,000 | 325,093,000 | 246,518,000 | 208,663,000 | 249,176,000 | 219,480,000 | 249,727,000 | 272,024,000 | 304,532,000 | 322,084,000 | 338,130,000 | ||||||||||||||||||||
ironwood pharmaceuticals, inc. stockholders’ equity: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total ironwood pharmaceuticals, inc. stockholders’ equity | -323,216,000 | -345,704,000 | 168,067,000 | 170,740,000 | 185,919,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
noncontrolling interests | -2,463,000 | -1,073,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
stockholders’ equity: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
convertible note hedges | 1,428,000 | 1,115,000 | 7,854,000 | 11,262,000 | 11,346,000 | 13,065,000 | 8,252,000 | 16,131,000 | 15,847,000 | 31,366,000 | 11,357,000 | 60,720,000 | 50,589,000 | 41,020,000 | 142,774,000 | 159,526,000 | 113,445,000 | 108,188,000 | 121,836,000 | 171,880,000 | 150,509,000 | 132,521,000 | 137,302,000 | 99,478,000 | 77,688,000 | 72,494,000 | 90,314,000 | ||||||||||||||||||||||||||||||||
convertible senior notes | 436,078,000 | 430,256,000 | 424,539,000 | 418,924,000 | 413,409,000 | 407,994,000 | 402,675,000 | 274,395,000 | 269,947,000 | 265,601,000 | 261,355,000 | 257,206,000 | 253,153,000 | 249,193,000 | 245,324,000 | 241,544,000 | 237,851,000 | 234,243,000 | 230,717,000 | 227,273,000 | 223,908,000 | 217,408,000 | 214,292,000 | ||||||||||||||||||||||||||||||||||||
related party accounts receivable | 73,404,000 | 105,967,000 | 94,553,000 | 81,182,000 | 69,326,000 | 59,959,000 | 55,182,000 | 73,771,000 | 65,663,000 | 78,967,000 | 75,803,000 | 56,382,000 | 49,995,000 | 63,921,000 | 52,541,000 | 51,875,000 | 52,110,000 | 34,401,000 | 25,992,000 | 32,987,000 | 14,306,000 | 4,455,000 | 10,324,000 | 2,961,000 | 5,298,000 | 36,000 | 13,000 | 2,444,000 | 667,000 | 2,517,000 | 3,977,000 | 4,677,000 | 6,156,000 | 4,531,000 | |||||||||||||||||||||||||
inventory | 648,000 | 2,298,000 | 1,735,000 | 593,000 | 76,000 | 1,099,000 | 1,705,000 | 735,000 | 479,000 | 1,513,000 | 1,081,000 | 4,950,000 | 13,045,000 | 12,989,000 | 23,413,000 | 20,561,000 | 20,379,000 | 19,704,000 | 965,000 | ||||||||||||||||||||||||||||||||||||||||
related party accounts payable | 400,000 | 751,000 | 1,058,000 | 1,509,000 | 1,593,000 | 2,036,000 | 1,000 | 6,000 | 5,000 | 18,000 | 5,789,000 | 7,268,000 | 26,441,000 | 2,141,000 | 3,705,000 | 1,175,000 | |||||||||||||||||||||||||||||||||||||||||||
deferred revenue | 875,000 | 875,000 | 875,000 | 875,000 | 1,278,000 | 13,521,000 | 225,000 | 741,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
current assets of discontinued operations | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
goodwill | 785,000 | 785,000 | 785,000 | 785,000 | 785,000 | 785,000 | 785,000 | 785,000 | 785,000 | 785,000 | 785,000 | 785,000 | 785,000 | 649,000 | 649,000 | ||||||||||||||||||||||||||||||||||||||||||||
non-current assets of discontinued operations | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
capital lease obligations | 73,000 | 171,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current portion of deferred rent | 252,000 | 247,000 | 242,000 | 237,000 | 195,000 | 195,000 | 205,000 | 588,000 | 7,719,000 | 7,821,000 | 7,923,000 | 7,684,000 | 5,026,000 | 5,009,000 | 5,006,000 | 3,466,000 | 2,817,000 | 2,803,000 | 2,776,000 | 2,762,000 | 2,749,000 | 4,531,000 | 4,517,000 | 4,350,000 | 3,707,000 | 3,282,000 | 2,877,000 | 2,374,000 | 1,150,000 | 196,000 | |||||||||||||||||||||||||||||
current portion of 2026 notes | 48,797,000 | 45,961,000 | 47,554,000 | 39,191,000 | 24,861,000 | 11,958,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
current portion of contingent consideration | 51,000 | 74,000 | 423,000 | 355,000 | 247,000 | 699,000 | 14,985,000 | 14,561,000 | 14,244,000 | 14,578,000 | 597,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
current liabilities of discontinued operations | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
capital lease obligations, net of current portion | 158,000 | 21,000 | 82,000 | 141,000 | 198,000 | 253,000 | 1,068,000 | 1,959,000 | 2,268,000 | 2,868,000 | 3,158,000 | 2,842,000 | 3,427,000 | 198,000 | 254,000 | 361,000 | 364,000 | 435,000 | 481,000 | 540,000 | 598,000 | 429,000 | 427,000 | 74,000 | |||||||||||||||||||||||||||||||||||
deferred rent, net of current portion | 6,308,000 | 6,113,000 | 6,058,000 | 5,860,000 | 5,449,000 | 4,484,000 | 3,515,000 | 2,554,000 | 557,000 | 2,490,000 | 4,409,000 | 7,131,000 | 7,714,000 | 8,821,000 | 9,935,000 | 8,091,000 | 7,431,000 | 8,127,000 | 9,519,000 | 10,218,000 | 10,907,000 | 9,690,000 | 10,832,000 | 11,964,000 | 13,308,000 | 14,379,000 | 13,939,000 | 15,772,000 | 16,330,000 | 10,703,000 | |||||||||||||||||||||||||||||
2026 notes, net of current portion | 78,330,000 | 90,140,000 | 100,537,000 | 108,589,000 | 122,614,000 | 135,220,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
operating lease liabilities, net of current portion | 22,660,000 | 18,685,000 | 79,950,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
available-for-sale securities | 19,836,000 | 35,831,000 | 49,659,000 | 95,680,000 | 62,777,000 | 90,763,000 | 162,020,000 | 251,212,000 | 136,936,000 | 48,041,000 | 153,526,000 | 214,229,000 | 236,865,000 | 152,173,000 | 213,692,000 | 206,621,000 | 127,140,000 | 97,938,000 | 81,077,000 | 136,727,000 | 67,456,000 | 70,570,000 | 70,496,000 | 106,309,000 | 152,912,000 | 174,355,000 | 192,135,000 | 236,221,000 | 222,230,000 | ||||||||||||||||||||||||||||||
liabilities and stockholders' (deficit) equity | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
contingent consideration, net of current portion | 33,228,000 | 31,389,000 | 31,011,000 | 69,830,000 | 71,213,000 | 64,712,000 | 63,416,000 | 81,682,000 | 87,052,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
stockholders’ (deficit) equity: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
class b common stock, 0.001 par value... | 14,000 | 14,000 | 14,000 | 14,000 | 14,000 | 15,000 | 15,000 | 15,000 | 15,000 | 15,000 | 16,000 | 16,000 | 16,000 | 16,000 | 16,000 | 18,000 | 19,000 | 24,000 | 25,000 | 27,000 | 31,000 | 32,000 | 32,000 | 42,000 | 49,000 | 51,000 | 55,000 | 79,000 | 79,000 | ||||||||||||||||||||||||||||||
total stockholders’ (deficit) equity | -196,371,000 | -197,295,000 | -43,951,000 | -18,052,000 | -17,579,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities and stockholders’ (deficit) equity | 332,050,000 | 416,652,000 | 618,218,000 | 571,095,000 | 625,086,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts payable and related party accounts payable | 9,332,000 | 23,786,000 | 11,609,000 | 17,514,000 | 21,190,000 | 20,578,000 | 19,752,000 | 8,999,000 | 4,741,000 | 5,904,000 | 6,650,000 | 5,227,000 | |||||||||||||||||||||||||||||||||||||||||||||||
revenues: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
collaborative arrangements revenue | 54,194,000 | 71,207,000 | 63,086,000 | 86,143,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
product revenue | 1,235,000 | 1,096,000 | 635,000 | 682,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
sale of active pharmaceutical ingredient | 10,257,000 | 8,803,000 | 5,434,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total revenues | 65,686,000 | 81,106,000 | 69,155,000 | 86,825,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
cost and expenses: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cost of revenues, excluding amortization of acquired intangible assets | 4,616,000 | 4,065,000 | 2,607,000 | 6,080,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
write-down of commercial supply and inventory to net realizable value and (settlement) loss on non-cancellable purchase commitments | -1,589,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
research and development | 46,794,000 | 38,932,000 | 36,505,000 | 37,065,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
selling, general and administrative | 55,248,000 | 68,363,000 | 61,923,000 | 61,774,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of acquired intangible assets | 1,159,000 | 3,476,000 | 3,476,000 | 1,897,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
(gain) loss on fair value remeasurement of contingent consideration | -33,519,000 | -628,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
restructuring expenses | 10,282,000 | 2,392,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
impairment of intangible assets | 151,794,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total cost and expenses | 234,785,000 | 121,026,000 | 105,023,000 | 106,259,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from operations | -169,099,000 | -39,920,000 | -35,868,000 | -19,434,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
other income: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest expense | -9,482,000 | -9,383,000 | -9,273,000 | -9,135,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest and investment income | 741,000 | 732,000 | 681,000 | 601,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on derivatives | 3,489,000 | -809,000 | 1,316,000 | -4,329,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on extinguishment of debt | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other income | -5,252,000 | -9,460,000 | -7,276,000 | -12,863,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income | -174,351,000 | -49,380,000 | -43,144,000 | -32,297,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income per share | -1,140 | -320 | -290 | -220 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
weighted-average number of common shares used in net income per share—basic and diluted: | 153,227,000 | 152,163,000 | 151,013,000 | 149,502,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
current portion of capital lease obligations | 2,465,000 | 3,359,000 | 4,077,000 | 4,411,000 | 5,097,000 | 5,501,000 | 6,227,000 | 3,525,000 | 2,451,000 | 2,447,000 | 2,325,000 | 1,203,000 | 1,177,000 | 1,128,000 | 1,104,000 | 1,156,000 | 1,115,000 | 223,000 | 242,000 | 280,000 | 277,000 | 271,000 | 228,000 | 229,000 | 241,000 | 227,000 | 246,000 | 147,000 | |||||||||||||||||||||||||||||||
write-down of commercial supply and inventory to net realizable value and loss on non-cancellable purchase commitments | 1,836,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on fair value remeasurement of contingent consideration | 1,962,000 | 512,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
pharma notes payable | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2026 notes | 146,898,000 | 146,605,000 | 146,316,000 | 146,037,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
write-down of lesinurad commercial supply to net realizable value | 71,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current portion of deferred revenue | 4,127,000 | 8,519,000 | 9,309,000 | 7,191,000 | 7,191,000 | 7,191,000 | 5,074,000 | 6,447,000 | 6,128,000 | 5,074,000 | 5,074,000 | 3,299,000 | 3,130,000 | 13,578,000 | 24,935,000 | 47,647,000 | 48,555,000 | 40,050,000 | 35,490,000 | 35,490,000 | 35,607,000 | ||||||||||||||||||||||||||||||||||||||
current portion of pharma notes payable | 8,405,000 | 35,259,000 | 28,242,000 | 20,121,000 | 17,571,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred revenue, net of current portion | 3,596,000 | 5,393,000 | 7,191,000 | 7,610,000 | 8,879,000 | 10,147,000 | 12,684,000 | 13,952,000 | 17,217,000 | 18,782,000 | 19,565,000 | 20,348,000 | 21,913,000 | 33,144,000 | 52,370,000 | 64,415,000 | 73,288,000 | 82,038,000 | |||||||||||||||||||||||||||||||||||||||||
pharma notes payable, net of current portion | 132,249,000 | 131,944,000 | 111,938,000 | 124,672,000 | 141,781,000 | 147,793,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities and stockholders’ equity | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
restricted cash, current portion | 500,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accrued expenses | 18,945,000 | 18,735,000 | 26,877,000 | 19,048,000 | 17,407,000 | 18,800,000 | 17,124,000 | 20,464,000 | 16,689,000 | 13,216,000 | 11,598,000 | 9,247,000 | 6,648,000 | 6,394,000 | 6,573,000 | 5,523,000 | 4,326,000 | ||||||||||||||||||||||||||||||||||||||||||
current portion of notes payable | 13,207,000 | 9,347,000 | 6,577,000 | 4,381,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
notes payable, net of current portion | 158,159,000 | 165,392,000 | 168,139,000 | 170,312,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
notes payable | 174,650,000 | 174,628,000 | 174,601,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
prepaid expenses and other assets | 2,896,000 | 4,658,000 | 4,299,000 | 4,569,000 | 4,202,000 | 3,107,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
other current liabilities | 194,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
long-term restricted cash | 7,647,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
long-term assets of discontinued operations | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current portion of long-term debt | 1,017,000 | 1,166,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
long-term debt | 1,288,000 | 1,529,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
long-term liabilities of discontinued operations | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
convertible preferred stock, 0.001 par value... | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
noncontrolling interest | 2,810,000 | 2,883,000 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2013-09-30 | 2013-06-30 | 2013-03-31 | 2012-09-30 | 2012-06-30 | 2012-03-31 | 2011-09-30 | 2011-06-30 | 2011-03-31 | 2010-09-30 | 2010-06-30 | 2010-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
cash flows from operating activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income | 40,773,000 | -2,276,000 | -4,162,000 | -1,745,000 | 13,950,000 | -1,089,478,000 | 45,714,000 | 48,867,000 | 50,317,000 | 37,080,000 | 38,801,000 | 41,374,000 | 55,845,000 | 391,303,000 | 39,926,000 | 43,204,000 | 34,423,000 | 25,204,000 | 3,345,000 | |||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net income to net cash from operating activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
depreciation and amortization | 443,000 | 460,000 | 475,000 | 467,000 | 479,000 | 485,000 | 507,000 | 506,000 | 513,000 | 512,000 | 507,000 | 270,000 | 286,000 | 340,000 | 363,000 | 360,000 | 355,000 | 359,000 | 358,000 | 396,000 | 410,000 | 421,000 | 1,821,000 | 640,000 | 682,000 | 867,000 | 3,174,000 | 297,000 | 1,242,000 | 1,265,000 | 1,386,000 | 1,671,000 | 1,790,000 | 1,764,000 | 1,928,000 | 2,910,000 | 2,761,000 | 2,198,000 | 2,487,000 | 2,833,000 | 2,788,000 | 3,152,000 | 2,891,000 | 3,168,000 | 3,085,000 | 3,126,000 | 3,070,000 | 2,789,000 | 2,788,000 | 3,032,000 | 2,810,000 | 2,680,000 | 2,286,000 | 2,904,000 | 2,133,000 | 1,440,000 | 1,502,000 | 1,303,000 |
share-based compensation expense | 3,653,000 | 3,823,000 | 3,612,000 | 4,524,000 | 5,291,000 | 4,566,000 | 8,329,000 | 8,570,000 | 8,385,000 | 8,704,000 | 7,906,000 | 8,264,000 | 7,131,000 | 7,291,000 | 7,067,000 | 6,601,000 | 6,089,000 | 6,090,000 | 6,206,000 | 4,589,000 | 5,396,000 | 10,008,000 | 7,712,000 | 7,091,000 | 6,364,000 | 5,486,000 | 5,521,000 | 5,283,000 | 14,988,000 | 11,215,000 | 12,968,000 | 10,751,000 | 9,043,000 | 8,697,000 | 9,140,000 | 7,279,000 | 7,383,000 | 6,933,000 | 8,097,000 | 6,806,000 | 6,640,000 | 6,903,000 | 5,426,000 | 5,536,000 | 6,012,000 | 6,074,000 | 5,199,000 | 4,817,000 | 5,275,000 | 5,135,000 | 4,056,000 | 3,721,000 | 2,862,000 | 2,951,000 | 2,698,000 | 1,838,000 | 1,690,000 | 1,608,000 |
non-cash interest expense | 419,000 | 418,000 | 418,000 | 416,000 | 416,000 | 415,000 | 350,000 | 550,000 | 589,000 | 587,000 | 586,000 | 485,000 | 402,000 | 400,000 | 400,000 | 516,000 | 537,000 | 6,148,000 | 6,037,000 | 5,928,000 | 5,822,000 | 5,718,000 | 5,615,000 | 5,514,000 | 5,416,000 | 4,058,000 | 6,232,000 | 4,691,000 | 4,609,000 | 4,557,000 | 4,453,000 | 4,352,000 | 4,239,000 | 4,069,000 | 3,972,000 | 3,877,000 | 3,831,000 | 3,760,000 | 3,649,000 | 3,572,000 | 3,429,000 | 800,000 | 370,000 | 413,000 | 402,000 | 386,000 | 387,000 | 484,000 | 453,000 | |||||||||
non-cash lease expense | 444,000 | 435,000 | 426,000 | 418,000 | 409,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred income taxes | 19,196,000 | -1,746,000 | 27,772,000 | 14,105,000 | 670,000 | 41,104,000 | 7,681,000 | 13,255,000 | 6,050,000 | 31,321,000 | 14,256,000 | 10,008,000 | 17,052,000 | 20,129,000 | 16,016,000 | 14,886,000 | 14,708,000 | 1,933,000 | 2,573,000 | |||||||||||||||||||||||||||||||||||||||
changes in assets and liabilities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable | -59,097,000 | 73,623,000 | -34,193,000 | -46,400,000 | 42,118,000 | -5,684,000 | -18,095,000 | 13,908,000 | 57,107,000 | -4,577,000 | -5,556,000 | -3,241,000 | 14,298,000 | -14,338,000 | 3,012,000 | 18,382,000 | 543,000 | 1,886,000 | 511,000 | |||||||||||||||||||||||||||||||||||||||
prepaid expenses and other current assets | 5,997,000 | 1,086,000 | -248,000 | -64,000 | -407,000 | 2,268,000 | 357,000 | 71,000 | -2,607,000 | 6,101,000 | 4,387,000 | -2,599,000 | -3,669,000 | 1,646,000 | 2,842,000 | -1,317,000 | 53,000 | 1,633,000 | 2,069,000 | -1,420,000 | -1,681,000 | 1,585,000 | 3,568,000 | -3,939,000 | 301,000 | -625,000 | -3,068,000 | 166,000 | 2,481,000 | 9,743,000 | -3,791,000 | -7,726,000 | -1,647,000 | 317,000 | 331,000 | 372,000 | -146,000 | 46,000 | 2,193,000 | 483,000 | 938,000 | 1,762,000 | -359,000 | 1,021,000 | ||||||||||||||
other assets | 121,000 | 100,000 | 63,000 | 143,000 | 141,000 | 117,000 | 38,000 | -1,039,000 | 30,000 | 35,000 | -84,000 | -297,000 | 27,000 | 16,000 | 9,000 | 83,000 | 45,000 | -146,000 | 25,000 | 45,000 | 19,000 | -62,000 | -61,000 | 21,000 | -51,000 | -64,000 | 58,000 | 594,000 | 64,000 | 37,000 | 62,000 | -61,000 | 45,000 | 201,000 | -26,000 | 860,000 | 425,000 | 385,000 | 48,000 | 52,000 | 20,000 | 20,000 | 50,000 | 14,000 | 22,000 | 37,000 | 23,000 | |||||||||||
accounts payable and accrued expenses | -4,886,000 | -318,000 | 10,693,000 | -13,836,000 | 9,662,000 | -5,752,000 | 69,000 | -1,999,000 | -12,526,000 | -12,547,000 | 6,594,000 | 17,628,000 | 705,000 | 4,657,000 | -3,648,000 | -7,117,000 | 8,897,000 | -3,402,000 | 2,610,000 | |||||||||||||||||||||||||||||||||||||||
accrued research and development costs | -1,102,000 | -274,000 | -1,168,000 | -1,610,000 | -1,054,000 | -2,727,000 | 2,688,000 | -5,160,000 | -9,451,000 | 5,595,000 | -9,387,000 | 301,000 | -2,384,000 | -415,000 | -665,000 | 896,000 | -10,454,000 | 14,221,000 | 37,000 | 384,000 | -644,000 | -759,000 | 257,000 | 114,000 | -670,000 | -1,504,000 | -1,314,000 | 820,000 | 1,515,000 | 3,131,000 | -290,000 | 705,000 | -2,640,000 | 418,000 | 2,348,000 | -1,831,000 | -1,105,000 | 1,389,000 | 28,000 | 2,380,000 | -3,740,000 | 5,696,000 | 520,000 | 948,000 | ||||||||||||||
operating lease liabilities | -621,000 | -612,000 | -603,000 | -584,000 | -572,000 | -562,000 | -554,000 | -537,000 | -523,000 | -516,000 | -509,000 | -491,000 | -479,000 | -473,000 | -496,000 | -495,000 | -483,000 | -476,000 | -468,000 | -451,000 | -440,000 | -433,000 | 58,000 | 299,000 | 294,000 | -9,366,000 | 2,005,000 | -1,856,000 | -2,829,000 | |||||||||||||||||||||||||||||
other liabilities | -219,000 | -141,000 | 249,000 | 3,669,000 | 187,000 | -21,674,000 | 4,471,000 | 5,778,000 | 1,169,000 | -3,006,000 | -554,000 | 3,309,000 | 758,000 | 2,090,000 | 2,736,000 | 2,382,000 | 3,616,000 | -1,101,000 | 111,000 | -147,000 | -133,000 | 1,247,000 | -85,000 | -104,000 | -29,000 | 0 | ||||||||||||||||||||||||||||||||
net cash from operating activities | 5,121,000 | 74,575,000 | 47,583,000 | -15,068,000 | 19,954,000 | 15,214,000 | 9,885,000 | 33,465,000 | 44,985,000 | 35,834,000 | 32,459,000 | 34,963,000 | 80,171,000 | 79,182,000 | 69,092,000 | 61,365,000 | 64,124,000 | 64,568,000 | 75,065,000 | 48,568,000 | 73,694,000 | 51,513,000 | 53,632,000 | 20,088,000 | 43,603,000 | -42,385,000 | 9,273,000 | -26,578,000 | -22,691,000 | -30,886,000 | -31,242,000 | -31,261,000 | -27,846,000 | -18,686,000 | 161,000 | |||||||||||||||||||||||
capital expenditures | 1,000 | -2,000 | -2,000 | -31,000 | 0 | -16,000 | -58,000 | -68,000 | -211,000 | -49,000 | 0 | -13,000 | 27,000 | -66,000 | -88,000 | -9,000 | 0 | 0 | 0 | 0 | 0 | -376,000 | -1,438,000 | -3,235,000 | -3,301,000 | -2,120,000 | -1,691,000 | -1,509,000 | -1,463,000 | -709,000 | -1,037,000 | -1,198,000 | 0 | |||||||||||||||||||||||||
free cash flows | 74,576,000 | 47,581,000 | -15,070,000 | 19,923,000 | 15,214,000 | 9,869,000 | 33,407,000 | 44,917,000 | 35,623,000 | 32,410,000 | 34,963,000 | 80,158,000 | 79,209,000 | 69,026,000 | 61,277,000 | 64,115,000 | 64,568,000 | 75,065,000 | 48,568,000 | 51,513,000 | 53,632,000 | 19,712,000 | 42,165,000 | -45,620,000 | 5,972,000 | -28,698,000 | -24,382,000 | -32,395,000 | -32,705,000 | -31,970,000 | -28,883,000 | -19,884,000 | 161,000 | |||||||||||||||||||||||||
cash flows from investing activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchases of property and equipment | 1,000 | -2,000 | -2,000 | -31,000 | 0 | -16,000 | -58,000 | -68,000 | -211,000 | -49,000 | 0 | -13,000 | 27,000 | -66,000 | -88,000 | -9,000 | -376,000 | -1,438,000 | -2,668,000 | -3,077,000 | 1,791,000 | -3,235,000 | -3,301,000 | -2,120,000 | -1,691,000 | -1,509,000 | -1,463,000 | -709,000 | -1,037,000 | -1,198,000 | ||||||||||||||||||||||||||||
net cash from investing activities | 1,000 | -2,000 | -2,000 | -31,000 | 0 | -16,000 | -58,000 | -68,000 | -4,188,000 | -22,625,000 | -999,492,000 | -13,000 | 27,000 | -66,000 | -88,000 | -9,000 | -128,000 | -28,000 | 0 | -376,000 | -1,438,000 | -2,661,000 | -3,077,000 | -2,429,000 | -2,977,000 | 17,488,000 | 14,285,000 | 12,440,000 | 44,653,000 | 26,659,000 | 70,595,000 | 88,059,000 | -115,424,000 | -90,361,000 | 4,763,000 | 23,348,000 | 19,761,000 | 1,288,000 | ||||||||||||||||||||
cash flows from financing activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from employee stock purchase plan | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash from financing activities | 122,000 | 0 | 88,000 | 6,000 | -14,887,000 | -27,156,000 | -49,372,000 | -15,555,000 | -50,904,000 | -74,988,000 | 399,071,000 | 3,981,000 | 2,806,000 | 797,000 | -150,283,000 | -90,873,000 | -18,587,000 | 6,164,000 | 5,662,000 | 2,211,000 | 3,524,000 | 670,000 | 2,397,000 | 11,955,000 | 8,633,000 | -7,500,000 | -8,765,000 | 4,849,000 | 7,810,000 | 12,128,000 | 5,285,000 | -14,909,000 | 9,479,000 | 19,102,000 | 5,177,000 | 5,418,000 | 2,475,000 | 6,963,000 | 194,005,000 | 967,000 | 141,116,000 | 170,300,000 | 469,000 | 1,333,000 | 86,104,000 | 565,000 | 1,349,000 | 599,000 | -581,000 | -314,000 | 203,109,000 | |||||||
effect of exchange rate changes on cash and cash equivalents | -106,000 | 351,000 | -26,000 | -647,000 | -7,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
net increase in cash and cash equivalents | 5,015,000 | 75,049,000 | 47,555,000 | -15,629,000 | 19,922,000 | -19,492,000 | 48,813,000 | 79,315,000 | -128,933,000 | -94,395,000 | -3,594,000 | 19,639,000 | -109,772,000 | 129,639,000 | -75,009,000 | 44,330,000 | 20,635,000 | 1,971,000 | 1,893,000 | |||||||||||||||||||||||||||||||||||||||
cash and cash equivalents, beginning of period | 215,456,000 | 0 | 0 | 0 | 88,559,000 | 0 | 0 | 54,004,000 | 0 | 0 | 0 | 261,287,000 | 0 | 0 | 74,297,000 | 0 | 0 | 75,490,000 | 0 | 0 | 136,700,000 | 0 | 0 | 87,282,000 | 0 | 0 | 44,321,000 | -839,000 | 0 | 123,145,000 | ||||||||||||||||||||||||||||
cash and cash equivalents, end of period | 220,471,000 | 75,049,000 | 47,555,000 | -15,629,000 | 108,481,000 | -19,492,000 | 48,813,000 | 133,319,000 | -128,933,000 | -94,395,000 | -3,594,000 | 280,926,000 | -8,373,000 | 192,758,000 | 63,692,000 | -44,088,000 | -109,772,000 | 205,129,000 | -75,009,000 | 114,159,000 | 105,302,000 | 38,784,000 | -44,529,000 | 131,612,000 | 20,635,000 | 1,971,000 | 46,214,000 | 23,312,000 | -40,954,000 | 76,338,000 | ||||||||||||||||||||||||||||
loss on disposal of property and equipment | -3,000 | 7,000 | 0 | 5,000 | 37,000 | 33,000 | 0 | 76,000 | 0 | 17,000 | 2,000 | 45,000 | 407,000 | 16,000 | 37,000 | 0 | -477,000 | 586,000 | -276,000 | -1,316,000 | 568,000 | 53,000 | 1,000 | 22,000 | 222,000 | 5,000 | ||||||||||||||||||||||||||||||||
proceeds from exercise of stock options and employee stock purchase plan | 122,000 | 0 | 88,000 | 6,000 | 203,000 | 0 | 749,000 | 10,061,000 | 998,000 | 12,000 | 2,806,000 | 797,000 | 4,315,000 | 1,622,000 | 5,544,000 | 6,164,000 | 5,662,000 | 2,211,000 | 3,524,000 | 670,000 | 2,397,000 | 11,955,000 | 6,447,000 | 1,944,000 | 1,717,000 | 3,487,000 | 4,909,000 | 8,108,000 | 12,841,000 | 6,203,000 | 906,000 | 10,302,000 | 8,171,000 | 14,288,000 | 4,390,000 | 4,322,000 | 1,841,000 | 933,000 | 2,995,000 | 7,946,000 | 2,741,000 | 7,212,000 | 3,852,000 | 1,318,000 | 3,425,000 | 3,090,000 | 538,000 | |||||||||||
taxes paid related to net share settlement of share-based awards | 0 | 0 | -121,000 | -616,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
repayment of 2024 convertible notes | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from revolving credit facility | 0 | 0 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
costs associated with revolving credit facility | -90,000 | -591,000 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
repayments of revolving credit facility | -15,000,000 | -25,000,000 | 0 | -25,000,000 | -25,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
supplemental cash flow disclosure: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash paid for interest | -8,000 | 12,000 | 12,000 | 12,000 | 20,000 | 15,000 | 128,000 | 84,000 | 96,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
cash paid for income taxes | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repayment on 2024 convertible notes | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net loss | 23,599,000 | -37,386,000 | 3,646,000 | 20,648,000 | 12,283,000 | -59,284,000 | -15,493,000 | -174,351,000 | -49,380,000 | -43,144,000 | -32,297,000 | -44,224,000 | -52,501,000 | -13,505,000 | -33,204,000 | -21,702,000 | -13,297,000 | -47,390,000 | -48,020,000 | -33,222,000 | -41,988,000 | -60,357,000 | -49,626,000 | -61,775,000 | -65,149,000 | -93,902,000 | 47,635,000 | -40,803,000 | -35,601,000 | -20,633,000 | -18,844,000 | -18,401,000 | -6,747,000 | -17,209,000 | -16,253,000 | |||||||||||||||||||||||
adjustments to reconcile net loss to net cash from operating activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
change in fair value of note hedge warrants | 0 | 0 | 0 | -19,000 | 18,000 | -151,000 | -747,000 | -417,000 | -4,173,000 | -5,572,000 | 3,082,000 | -4,109,000 | 4,393,000 | -5,263,000 | 751,000 | -12,053,000 | 15,492,000 | -15,688,000 | 10,803,000 | 5,625,000 | -89,015,000 | -20,241,000 | 46,890,000 | 3,941,000 | -45,715,000 | 16,034,000 | 20,187,000 | -6,884,000 | 33,283,000 | |||||||||||||||||||||||||||||
acquired in-process research and development | 5,000,000 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating lease right-of-use assets | 402,000 | 393,000 | 385,000 | 378,000 | 370,000 | 363,000 | 355,000 | 349,000 | 342,000 | 335,000 | 328,000 | 322,000 | 316,000 | 309,000 | 304,000 | 297,000 | 292,000 | 288,000 | 291,000 | 296,000 | 2,050,000 | 5,776,000 | 2,849,000 | 3,466,000 | ||||||||||||||||||||||||||||||||||
acquisition of vectivbio holding ag, net of cash acquired | -3,977,000 | -22,576,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase of subsidiary shares from noncontrolling interests | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repayment of 2022 convertible notes | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repurchases of common stock | 0 | 0 | -33,899,000 | -92,495,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
effect of exchange rate changes on cash, cash equivalents and restricted cash | 21,000 | -26,000 | -51,000 | 24,000 | -50,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
net increase in cash, cash equivalents and restricted cash | -16,016,000 | 29,386,000 | -565,458,000 | 84,139,000 | 82,015,000 | 69,823,000 | -89,006,000 | -26,758,000 | 45,853,000 | 81,092,000 | 54,230,000 | 75,905,000 | 55,009,000 | 54,302,000 | 22,109,000 | 54,120,000 | 31,366,000 | 40,323,000 | -19,166,000 | -54,127,000 | 31,610,000 | -4,483,000 | 1,877,000 | 19,052,000 | ||||||||||||||||||||||||||||||||||
cash, cash equivalents and restricted cash, beginning of period | 0 | 0 | 0 | 92,154,000 | 0 | 0 | 0 | 657,938,000 | 0 | 0 | 0 | 621,864,000 | 0 | 0 | 0 | 364,784,000 | 0 | 0 | 0 | 179,244,000 | 0 | 0 | 0 | 180,848,000 | 0 | 0 | 0 | 132,792,000 | ||||||||||||||||||||||||||||||
cash, cash equivalents and restricted cash, end of period | 348,000 | -17,313,000 | -16,016,000 | 121,540,000 | -19,308,000 | -65,157,000 | -565,458,000 | 742,077,000 | 82,015,000 | 69,823,000 | -89,006,000 | 595,106,000 | 45,853,000 | 81,092,000 | 54,230,000 | 440,689,000 | 55,009,000 | 54,302,000 | 22,109,000 | 233,364,000 | 31,366,000 | 40,323,000 | -19,166,000 | 126,721,000 | 31,610,000 | -4,483,000 | 1,877,000 | 151,844,000 | ||||||||||||||||||||||||||||||
reconciliation of cash, cash equivalents, and restricted cash to the consolidated balance sheets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents | 348,000 | -17,313,000 | -16,016,000 | 121,540,000 | -18,010,000 | -65,157,000 | -565,021,000 | 740,342,000 | 82,015,000 | 69,823,000 | -89,006,000 | 593,371,000 | 45,853,000 | 81,577,000 | 54,230,000 | 438,469,000 | 54,303,000 | 22,109,000 | 231,143,000 | 37,792,000 | 40,323,000 | -20,137,000 | 119,045,000 | 31,610,000 | -3,853,000 | 627,000 | 144,788,000 | |||||||||||||||||||||||||||||||
restricted cash | 0 | -437,000 | 1,735,000 | 0 | 0 | 0 | 1,735,000 | 0 | -485,000 | 0 | 2,220,000 | -1,000 | 0 | 2,221,000 | -6,426,000 | 0 | 971,000 | 7,676,000 | 0 | -630,000 | 1,250,000 | 7,056,000 | 0 | 0 | 0 | 0 | 0 | 2,833,000 | 269,000 | |||||||||||||||||||||||||||||
total cash, cash equivalents, and restricted cash | 348,000 | -17,313,000 | -16,016,000 | 121,540,000 | -19,308,000 | -65,157,000 | -565,458,000 | 742,077,000 | 82,015,000 | 69,823,000 | -89,006,000 | 595,106,000 | 45,853,000 | 81,092,000 | 54,230,000 | 440,689,000 | 54,302,000 | 22,109,000 | 233,364,000 | 31,366,000 | 40,323,000 | -19,166,000 | 126,721,000 | 31,610,000 | -4,483,000 | 1,877,000 | 151,844,000 | |||||||||||||||||||||||||||||||
non-cash investing and financing activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
stock option exercise proceeds receivable in other current assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net decrease in cash, cash equivalents and restricted cash | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
reconciliation of cash, cash equivalents, and restricted cash to the condensed consolidated balance sheets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
change in fair value of convertible note hedges | 0 | 0 | 1,428,000 | -313,000 | 6,739,000 | 3,408,000 | 84,000 | 1,719,000 | -4,813,000 | 7,879,000 | -284,000 | 15,519,000 | -20,009,000 | 20,454,000 | -10,131,000 | -9,569,000 | 101,754,000 | 16,752,000 | -46,081,000 | -5,257,000 | 50,044,000 | -21,371,000 | -17,988,000 | 4,781,000 | 8,778,000 | 17,820,000 | ||||||||||||||||||||||||||||||||
stock repurchases payable in accrued expenses | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payment on 2022 convertible notes | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from exercise of stock options | 3,981,000 | 945,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable and related party accounts receivable | -12,415,000 | 333,000 | -15,243,000 | 35,037,000 | -9,305,000 | -8,073,000 | -14,472,000 | 35,941,000 | -22,181,000 | -25,183,000 | -29,862,000 | 8,333,000 | -15,575,000 | 15,144,000 | -9,868,000 | 11,506,000 | -19,726,000 | -9,210,000 | 13,707,000 | -11,139,000 | -568,000 | -129,000 | 1,500,000 | 1,439,000 | ||||||||||||||||||||||||||||||||||
inventory | 0 | 0 | -451,000 | -483,000 | -152,000 | -93,000 | 279,000 | -224,000 | -768,000 | 0 | 1,010,000 | 71,000 | 0 | 4,000 | -48,000 | |||||||||||||||||||||||||||||||||||||||||||
accounts payable, related party accounts payable, and accrued expenses | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred revenue | -403,000 | -516,000 | 741,000 | -4,127,000 | 320,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on lease modification | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
settlement on non-cancellable purchase commitments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on extinguishment of debt | 0 | 0 | 0 | 2,009,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts payable, related party accounts payable and accrued expenses | 4,066,000 | 3,718,000 | -2,486,000 | -7,942,000 | 890,000 | 5,448,000 | -2,093,000 | -11,768,000 | 4,575,000 | -12,070,000 | -11,751,000 | -13,454,000 | 10,823,000 | -9,042,000 | 18,576,000 | -12,300,000 | -1,314,000 | -107,000 | -5,238,000 | 3,382,000 | ||||||||||||||||||||||||||||||||||||||
net cash from continuing operating activities | 51,513,000 | 53,632,000 | 20,088,000 | 43,603,000 | 27,580,000 | 34,767,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash from discontinued operating activities | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of property and equipment | 7,000 | 0 | 3,000 | 258,000 | 936,000 | 355,000 | 239,000 | 33,000 | 38,000 | 36,000 | 43,000 | 224,000 | 10,000 | 4,000 | 23,000 | 4,000 | ||||||||||||||||||||||||||||||||||||||||||
net cash (used in) continuing investing activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash (used in) discontinued investing activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of convertible senior notes | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase of capped calls | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from partial termination of convertible note hedges and note hedge warrants | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
costs associated with issuance of convertible senior notes | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments for partial repurchase of 2022 convertible notes | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments on 8.375% notes due 2026 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
recognition of asset retirement obligation | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed asset purchases in accounts payable and accrued expenses | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase of property and equipment | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of acquired intangible assets | 0 | 1,159,000 | 3,476,000 | 3,476,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
impairment of intangible assets | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
write-down of commercial supply and inventory to net realizable value and (settlement) loss on non-cancellable purchase commitments | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
write-down of excess non-cancellable zurampic and duzallo sample purchase commitments | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accretion of discount/premium on investment securities | -8,000 | -19,000 | -20,000 | -118,000 | -80,000 | 6,000 | 105,000 | 106,000 | 104,000 | 117,000 | 340,000 | 424,000 | 137,000 | 161,000 | 358,000 | 330,000 | 136,000 | 197,000 | 500,000 | 387,000 | 261,000 | 270,000 | 309,000 | 509,000 | 615,000 | 727,000 | 408,000 | 389,000 | 98,000 | |||||||||||||||||||||||||||||
non-cash change in fair value of contingent consideration | 0 | -33,519,000 | 1,962,000 | 512,000 | -628,000 | 6,933,000 | 1,614,000 | 1,164,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
deferred rent | 200,000 | 60,000 | 203,000 | 453,000 | 959,000 | 578,000 | -3,555,000 | -2,035,000 | 666,000 | 6,581,000 | 233,000 | |||||||||||||||||||||||||||||||||||||||||||||||
purchases of available-for-sale securities | 0 | -750,000 | 0 | -2,491,000 | -40,022,000 | -45,929,000 | -44,777,000 | -147,887,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
sales and maturities of available-for-sale securities | 19,853,000 | 16,800,000 | 13,892,000 | 48,620,000 | 68,106,000 | 117,197,000 | 133,830,000 | 33,437,000 | 21,623,000 | 105,378,000 | 76,985,000 | 73,012,000 | 45,000,000 | 94,006,000 | 26,514,000 | 47,451,000 | 74,518,000 | 45,685,000 | 80,852,000 | 13,290,000 | 19,110,000 | 20,960,000 | 29,265,000 | 70,489,000 | 38,475,000 | 68,111,000 | 91,870,000 | |||||||||||||||||||||||||||||||
net cash from continuing investing activities | -28,000 | 0 | -376,000 | -1,438,000 | -2,661,000 | -3,077,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash from discontinued investing activities | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments on capital lease obligations | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments on contingent purchase price consideration | -58,000 | 14,000 | -30,000 | -91,000 | -15,002,000 | 0 | -56,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
net cash from continuing financing activities | 3,524,000 | 670,000 | 2,397,000 | 11,955,000 | 6,447,000 | 8,633,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash from discontinued financing activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
write-down of commercial supply and inventory to net realizable value and settlement on non-cancellable purchase commitments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments on 2026 notes | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on facility subleases | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
principal payments on pharma notes | 0 | 0 | -134,258,000 | -8,405,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
costs associated with issuance of 2026 notes | 0 | -26,000 | -209,000 | -46,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of 2026 notes, net of discount to lender | 0 | 0 | 146,250,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash (used in) provided financing activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchases under capital leases | 127,000 | 0 | 120,000 | 0 | 0 | 325,000 | 42,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
extinguishment of capital leases | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cashed used in operating activities | 34,767,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from partial termination of convertible note hedges and warrants | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
write-down of commercial supply and inventory to net realizable value and loss on non-cancellable purchase commitments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
principal payments on 2026 notes | -9,217,000 | -12,252,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payment for acquisition of lesinurad license | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
contingent consideration | -28,375,000 | 8,611,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments on capital leases | -312,000 | -683,000 | -827,000 | -813,000 | -797,000 | -796,000 | -660,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
gain on disposal of property and equipment | -34,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
write-down of excess non-cancellable zurampic sample purchase commitments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
write-down of excess non-cancelable zurampic sample purchase commitments | 0 | 0 | 1,353,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
write-down of lesinurad commercial supply to net realizable value | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on facility subleases | 0 | 0 | -1,579,000 | 0 | 0 | 0 | 3,480,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
non-cash investing activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of acquired intangible asset | 421,000 | 420,000 | -3,297,000 | 3,213,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
write-down of lesinurad commercial supply to net realizable value and loss on non-cancellable purchase commitments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
write-down of inventory to net realizable value and loss on non-cancellable purchase commitments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of common stock | 0 | 0 | 190,428,000 | 0 | 0 | 0 | 85,228,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of note hedge warrants | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase of convertible note hedges | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
disposals under capital leases | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash (used in) provided by financing activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash provided by financing activities | -3,975,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net increase (decrease) in cash and cash equivalents | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
write-down of inventory to net realizable value and loss on non-cancelable purchase commitments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net loss to net cash used in operating activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
principal payments on debt | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
write-down of inventory to net realizable value | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of notes payable | 0 | 0 | 175,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
costs associated with issuance of notes payable | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
supplemental cash flow disclosures: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments on borrowings | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from discontinued operations | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss from continuing operations | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash from operating activities from continuing operations | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash from operating activities from discontinued operations | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total net cash from operating activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of subsidiary | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash from investing activities from continuing operations | 45,485,000 | 18,830,000 | 25,207,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash from investing activities from discontinued operations | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total net cash from investing activities | 45,485,000 | 18,830,000 | 25,207,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from initial public offering | 0 | -1,000 | 203,168,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from exercise of stock options, stock purchase plan and issuance of restricted stock | 625,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash from financing activities from continuing operations | 565,000 | 1,349,000 | 599,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash from financing activities from discontinued operations | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
debt and interest paid by purchases of subsidiary | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss from discontinued operations | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from exercise of stock options and issuance of restricted stock | 675,000 | 749,000 | 112,000 | 354,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
income (loss) from discontinued operations | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
remeasurement of forward purchase contracts | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from the sale of property and equipment | 0 | 1,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of preferred stock, net of issuance costs | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from borrowings | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
debt and interest paid by purchaser of subsidiary | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fair value of forward purchase contract | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
settlement of forward purchase contract related to forest agreement | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net decrease in cash and cash equivalents |
