Ultragenyx Pharmaceutical Inc(NASDAQ:RARE)

Ultragenyx Pharmaceutical Inc., a biopharmaceutical company, focuses on the identification, acquisition, development, and commercialization of novel products for the treatment of rare and ultra-rare genetic diseases in the United States. Its biologic products include Crysvita (burosumab), an antibod...
Website: http://www.ultragenyx.com
Founded: 2010
Full Time Employees: 740
Sector: Healthcare
Industry: Biotechnology
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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 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-12-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2013-12-31 |
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revenues: | ||||||||||||||||||||||||||||||||||||||||||||||||||
product sales | 89,000,000 | 101,683,000 | 94,993,000 | 80,817,000 | 91,507,000 | 71,870,000 | 77,251,000 | 73,805,000 | 62,489,000 | 51,656,000 | 42,349,000 | 42,179,000 | 44,229,000 | 28,908,000 | 32,503,000 | 30,832,000 | 26,684,000 | 20,208,000 | 21,950,000 | 18,346,000 | 16,513,000 | 12,960,000 | 11,215,000 | 8,066,000 | 6,479,000 | 7,170,000 | 4,215,000 | 4,902,000 | 3,934,000 | 3,464,000 | 2,748,000 | 2,275,000 | 1,315,000 | |||||||||||||||||
royalty revenue | 47,000,000 | 105,596,000 | 64,940,000 | 85,679,000 | 47,785,000 | 93,007,000 | 62,243,000 | 73,221,000 | 46,344,000 | 75,736,000 | 55,703,000 | 46,331,000 | 4,882,000 | |||||||||||||||||||||||||||||||||||||
total revenues | 136,000,000 | 207,279,000 | 159,933,000 | 166,496,000 | 139,292,000 | 164,877,000 | 139,494,000 | 147,026,000 | 108,833,000 | 127,392,000 | 98,052,000 | 108,309,000 | 100,496,000 | 103,348,000 | 90,703,000 | 89,343,000 | 79,935,000 | 83,389,000 | 81,647,000 | 86,975,000 | 99,395,000 | 91,542,000 | 81,470,000 | 61,709,000 | 36,309,000 | 35,593,000 | 25,800,000 | 24,149,000 | 18,172,000 | 16,261,000 | 11,763,000 | 12,794,000 | 10,677,000 | |||||||||||||||||
yoy | -2.36% | 25.72% | 14.65% | 13.24% | 27.99% | 29.42% | 42.27% | 35.75% | 8.30% | 23.27% | 8.10% | 21.23% | 25.72% | 23.93% | 11.09% | 2.72% | -19.58% | -8.91% | 0.22% | 40.94% | 173.75% | 157.19% | 215.78% | 155.53% | 99.81% | 118.89% | 119.33% | 88.75% | 70.20% | |||||||||||||||||||||
qoq | -34.39% | 29.60% | -3.94% | 19.53% | -15.52% | 18.20% | -5.12% | 35.09% | -14.57% | 29.92% | -9.47% | 7.77% | -2.76% | 13.94% | 1.52% | 11.77% | -4.14% | 2.13% | -6.13% | -12.50% | 8.58% | 12.36% | 32.02% | 69.96% | 2.01% | 37.96% | 6.84% | 32.89% | 11.75% | 38.24% | -8.06% | 19.83% | ||||||||||||||||||
operating expenses: | ||||||||||||||||||||||||||||||||||||||||||||||||||
cost of sales | 30,000,000 | 29,345,000 | 27,991,000 | 23,002,000 | 28,662,000 | 16,894,000 | 21,021,000 | 21,280,000 | 17,533,000 | 12,051,000 | 10,987,000 | 9,914,000 | 12,257,000 | 5,319,000 | 8,631,000 | 8,270,000 | 6,100,000 | 3,509,000 | 4,175,000 | 3,136,000 | 5,188,000 | 5,481,000 | 2,348,000 | 1,803,000 | -3,503,000 | 5,107,000 | 2,683,000 | 766,000 | 452,000 | 507,000 | 273,000 | 141,000 | 225,000 | |||||||||||||||||
research and development | 187,000,000 | 203,280,000 | 216,212,000 | 164,736,000 | 165,772,000 | 187,766,000 | 170,109,000 | 161,503,000 | 178,487,000 | 160,557,000 | 157,245,000 | 164,949,000 | 165,698,000 | 170,808,000 | 237,297,000 | 154,529,000 | 143,155,000 | 123,013,000 | 113,417,000 | 113,205,000 | 147,518,000 | 131,100,000 | 87,314,000 | 80,709,000 | 112,961,000 | 83,061,000 | 100,144,000 | 96,045,000 | 78,105,000 | 71,618,000 | 70,041,000 | 76,835,000 | 75,504,000 | 61,527,000 | 60,412,000 | 58,436,000 | 51,269,000 | 50,746,000 | 48,711,000 | 43,332,000 | 40,415,000 | 44,565,000 | 29,704,000 | 23,104,000 | 17,364,000 | 13,521,000 | 12,854,000 | 11,239,000 | 8,353,000 | |
selling, general and administrative | 88,000,000 | 87,937,000 | 86,620,000 | 86,646,000 | 87,797,000 | 82,495,000 | 80,351,000 | 80,604,000 | 78,160,000 | 76,833,000 | 74,917,000 | 81,403,000 | 76,646,000 | 72,849,000 | 69,841,000 | 68,137,000 | 67,312,000 | 59,431,000 | 53,883,000 | 53,410,000 | 53,258,000 | 51,042,000 | 42,123,000 | 42,252,000 | 47,516,000 | 41,877,000 | 41,006,000 | 39,812,000 | 38,829,000 | 34,476,000 | 31,095,000 | 30,718,000 | 31,435,000 | |||||||||||||||||
total operating expenses | 305,000,000 | 320,562,000 | 330,823,000 | 274,384,000 | 282,231,000 | 287,155,000 | 271,481,000 | 263,387,000 | 274,180,000 | 249,441,000 | 243,149,000 | 256,266,000 | 254,601,000 | 248,976,000 | 315,769,000 | 230,936,000 | 216,567,000 | 185,953,000 | 171,475,000 | 169,751,000 | 205,964,000 | 187,623,000 | 131,785,000 | 124,764,000 | 156,974,000 | 130,045,000 | 143,833,000 | 136,623,000 | 117,386,000 | 106,601,000 | 101,409,000 | 107,694,000 | 107,164,000 | 99,248,000 | 83,911,000 | 78,441,000 | 69,954,000 | 70,554,000 | 65,894,000 | 58,070,000 | 53,622,000 | 56,158,000 | 39,936,000 | 30,142,000 | 21,502,000 | 16,943,000 | 15,835,000 | 13,661,000 | 10,339,000 | |
income from operations | -169,000,000 | -113,283,000 | -170,890,000 | -107,888,000 | -142,939,000 | -122,278,000 | -131,987,000 | -116,361,000 | -165,347,000 | -122,049,000 | -145,097,000 | -147,957,000 | -154,105,000 | -145,628,000 | -225,066,000 | -141,593,000 | -136,632,000 | -102,564,000 | -89,828,000 | -82,776,000 | -106,569,000 | -96,081,000 | -50,315,000 | -63,055,000 | -120,665,000 | -94,452,000 | -118,033,000 | -112,474,000 | -99,214,000 | -90,340,000 | -89,646,000 | -94,900,000 | -96,487,000 | -96,834,000 | -83,713,000 | -78,441,000 | -69,954,000 | -70,549,000 | -65,783,000 | -58,053,000 | -53,622,000 | -56,158,000 | -39,936,000 | -30,142,000 | -21,502,000 | -16,943,000 | -15,835,000 | -13,661,000 | -10,339,000 | |
yoy | 18.23% | -7.36% | 29.47% | -7.28% | -13.55% | 0.19% | -9.04% | -21.35% | 7.30% | -16.19% | -35.53% | 4.49% | 12.79% | 41.99% | 150.55% | 71.06% | 28.21% | 6.75% | 78.53% | 31.28% | -11.68% | 1.72% | -57.37% | -43.94% | 21.62% | 4.55% | 31.67% | 18.52% | 2.83% | -6.71% | 7.09% | 20.98% | 37.93% | 37.26% | 27.26% | 35.12% | 30.46% | 25.63% | 64.72% | 92.60% | 149.38% | 231.45% | 152.20% | 120.64% | 107.97% | |||||
qoq | 49.18% | -33.71% | 58.40% | -24.52% | 16.90% | -7.36% | 13.43% | -29.63% | 35.48% | -15.88% | -1.93% | -3.99% | 5.82% | -35.30% | 58.95% | 3.63% | 33.22% | 14.18% | 8.52% | -22.33% | 10.92% | 90.96% | -20.20% | -47.74% | 27.75% | -19.98% | 4.94% | 13.37% | 9.82% | 0.77% | -5.54% | -1.64% | -0.36% | 15.67% | 6.72% | 12.13% | -0.84% | 7.25% | 13.32% | 8.26% | -4.52% | 40.62% | 32.49% | 40.18% | 26.91% | 7.00% | 15.91% | 32.13% | ||
operating margin % | -124.26% | -54.65% | -106.85% | -64.80% | -102.62% | -74.16% | -94.62% | -79.14% | -151.93% | -95.81% | -147.98% | -136.61% | -153.34% | -140.91% | -248.14% | -158.48% | -170.93% | -122.99% | -110.02% | -95.17% | -107.22% | -104.96% | -61.76% | -102.18% | -332.33% | -265.37% | -457.49% | -465.75% | -545.97% | -555.56% | -762.10% | -741.75% | -903.69% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | |
interest income | 6,000,000 | 6,512,000 | 5,863,000 | 5,794,000 | 6,831,000 | 9,550,000 | 10,731,000 | 7,401,000 | 8,824,000 | 8,553,000 | 5,881,000 | 5,964,000 | 6,290,000 | 6,198,000 | 3,483,000 | 899,000 | 494,000 | 440,000 | 408,000 | 441,000 | 639,000 | 984,000 | 1,338,000 | 1,797,000 | 2,919,000 | 2,770,000 | 3,319,000 | 4,063,000 | 3,086,000 | 2,627,000 | 2,730,000 | 2,448,000 | 1,737,000 | 724,000 | 1,117,000 | 1,151,000 | 1,082,000 | 912,000 | 922,000 | 971,000 | 984,000 | 918,000 | 673,000 | 456,000 | 273,000 | 195,000 | 171,000 | 149,000 | 93,000 | |
non-cash interest expense on liabilities for sales of future royalties | -21,000,000 | -19,469,000 | -14,148,000 | -14,041,000 | -14,342,000 | -15,522,000 | -15,712,000 | -15,960,000 | -15,847,000 | -17,328,000 | -17,665,000 | -15,375,000 | -15,636,000 | |||||||||||||||||||||||||||||||||||||
income before income taxes | -184,000,000 | -127,686,000 | -179,540,000 | -114,004,000 | -149,770,000 | -133,404,000 | -133,213,000 | -130,740,000 | -170,229,000 | -126,892,000 | -158,999,000 | -159,096,000 | -163,477,000 | -153,284,000 | -238,819,000 | -157,860,000 | -151,762,000 | -122,438,000 | -72,816,000 | -121,965,000 | -135,762,000 | -23,941,000 | -68,532,000 | 25,730,000 | -118,616,000 | -91,244,000 | -112,701,000 | -98,959,000 | -96,540,000 | -87,700,000 | -87,063,000 | -52,626,000 | 30,292,000 | -97,948,000 | -79,223,000 | -72,877,000 | ||||||||||||||
provision for income taxes | -1,000,000 | -782,500 | -873,000 | -947,000 | -1,310,000 | -404,000 | -303,000 | -858,000 | -455,000 | -469,250 | -650,000 | -732,000 | -495,000 | 1,451,000 | -6,287,000 | -302,000 | -558,000 | -20,000 | -182,000 | -463,000 | -379,000 | -70,000 | -313,000 | -415,000 | ||||||||||||||||||||||||||
net income | -185,000,000 | -128,556,000 | -180,413,000 | -114,951,000 | -151,080,000 | -133,385,000 | -133,516,000 | -131,598,000 | -170,684,000 | -123,190,000 | -159,649,000 | -159,828,000 | -163,972,000 | -151,833,000 | -245,106,000 | -158,162,000 | -152,320,000 | -122,458,000 | -72,998,000 | -122,428,000 | -136,141,000 | -24,011,000 | -68,845,000 | 25,315,000 | -119,025,000 | -93,805,000 | -112,994,000 | -99,172,000 | -96,756,000 | -87,826,000 | -87,310,000 | -52,728,000 | 30,253,000 | -81,731,000 | -79,227,000 | -72,891,000 | -68,290,000 | -71,287,000 | -64,907,000 | -56,923,000 | -52,757,000 | -55,220,000 | -39,232,000 | -29,787,000 | -21,379,000 | -16,738,000 | -15,849,000 | -13,585,000 | -13,630,000 | |
yoy | 22.45% | -3.62% | 35.12% | -12.65% | -11.49% | 8.28% | -16.37% | -17.66% | 4.09% | -18.86% | -34.87% | 1.05% | 7.65% | 23.99% | 235.77% | 29.19% | 11.88% | 410.01% | 6.03% | -583.62% | 14.38% | -74.40% | -39.07% | -125.53% | 23.02% | 6.81% | 29.42% | 88.08% | -419.82% | 7.46% | 10.20% | -27.66% | -144.30% | 14.65% | 22.06% | 28.05% | 29.44% | 29.10% | 65.44% | 91.10% | 146.77% | 229.91% | 147.54% | 119.26% | 56.85% | |||||
qoq | 43.91% | -28.74% | 56.95% | -23.91% | 13.27% | -0.10% | 1.46% | -22.90% | 38.55% | -22.84% | -0.11% | -2.53% | 7.99% | -38.05% | 54.97% | 3.84% | 24.39% | 67.76% | -40.37% | -10.07% | 466.99% | -65.12% | -371.95% | -121.27% | 26.89% | -16.98% | 13.94% | 2.50% | 10.17% | 0.59% | 65.59% | -274.29% | -137.02% | 3.16% | 8.69% | 6.74% | -4.20% | 9.83% | 14.03% | 7.90% | -4.46% | 40.75% | 31.71% | 39.33% | 27.73% | 5.61% | 16.67% | -0.33% | ||
net income margin % | -136.03% | -62.02% | -112.81% | -69.04% | -108.46% | -80.90% | -95.71% | -89.51% | -156.83% | -96.70% | -162.82% | -147.57% | -163.16% | -146.91% | -270.23% | -177.03% | -190.55% | -146.85% | -89.41% | -140.76% | -136.97% | -26.23% | -84.50% | 41.02% | -327.81% | -263.55% | -437.96% | -410.67% | -532.45% | -540.10% | -742.24% | -412.13% | 283.35% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | |
net income per share | -1.84 | -1.28 | -1.81 | -1.17 | -1.57 | -1.38 | -1.4 | -1.52 | -2.03 | -1.44 | -2.23 | -2.25 | -2.33 | -2.16 | -3.5 | -2.26 | -2.19 | -1.79 | -1.08 | -2.03 | -0.34 | -1.13 | -2.05 | -1.62 | -1.96 | -1.72 | -1.75 | -1.74 | -1.06 | -1.9 | -1.87 | -1.72 | -1.63 | -1.75 | -1.64 | -1.46 | -1.35 | -1.45 | -1.03 | -0.83 | -0.63 | -0.52 | -0.5 | -0.45 | -0.85 | |||||
shares used in computing net loss per share, basic and diluted | 100.6 | -98,186,334.4 | 99,771,297 | 98,460,445 | 96,288,650 | 1,726,961 | 95,493,996 | 86,580,516 | 84,286,292 | |||||||||||||||||||||||||||||||||||||||||
change in fair value of equity investments | 128,000 | 678,000 | -9,000 | -157,000 | -1,548,000 | 678,000 | -3,991,000 | 3,746,000 | 1,889,000 | -1,419,000 | 261,000 | -334,000 | 1,840,000 | -1,626,000 | -10,184,000 | -9,329,000 | -16,100,000 | 25,702,000 | -31,046,000 | -20,619,000 | ||||||||||||||||||||||||||||||
other income | -934,000 | -1,043,000 | 2,140,000 | 837,000 | -89,250 | 3,077,000 | -1,605,000 | 308,000 | 289,000 | -410,000 | -415,000 | -67,000 | 299,000 | 547,000 | 217,000 | -456,000 | 154,000 | -153,000 | -376,000 | -412,000 | 13,000 | -147,000 | -496,000 | -4,958,000 | -1,838,000 | 3,373,000 | 4,413,000 | 582,000 | -1,615,000 | -46,000 | 159,000 | -119,000 | 20,000 | 31,000 | -101,000 | -150,000 | 10,000 | -185,000 | -73,000 | |||||||||||
collaboration and license | 19,799,000 | 51,385,000 | 68,382,000 | 52,827,000 | 53,088,000 | 48,413,000 | 58,440,000 | 55,048,000 | 63,940,000 | 79,010,000 | 75,015,000 | 66,924,000 | 50,161,000 | 27,215,000 | 28,423,000 | 21,585,000 | 19,247,000 | 14,238,000 | 12,797,000 | 9,015,000 | 10,519,000 | 9,362,000 | ||||||||||||||||||||||||||||
other expense | -1,829,000 | 2,043,000 | -699,000 | -1,989,000 | -436,500 | -1,105,000 | -930,000 | -795,000 | -3,384,000 | |||||||||||||||||||||||||||||||||||||||||
weighted-average shares used for eps calculation | 71,664,493 | 70,897,991 | 70,368,478 | 69,914,225 | 70,054,173 | 69,925,358 | 69,516,668 | 67,795,540 | 67,875,363 | 67,102,342 | 60,687,177 | |||||||||||||||||||||||||||||||||||||||
non-cash collaboration royalty revenue | 6,058,000 | 5,373,000 | 5,423,000 | 4,838,000 | 4,741,000 | 4,649,000 | 4,689,000 | 3,872,000 | 3,567,000 | 3,331,000 | 3,482,000 | 2,615,000 | ||||||||||||||||||||||||||||||||||||||
non-cash interest expense on liabilities related to the sale of future royalties | -6,785,250 | -14,505,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
non-cash interest expense on liability related to the sale of future royalties | -6,052,000 | -6,584,000 | -3,804,000 | -8,683,000 | -8,517,000 | -8,418,000 | -8,198,000 | -8,582,000 | -8,429,000 | -8,082,000 | ||||||||||||||||||||||||||||||||||||||||
net income per share | -1.84 | -1.28 | -1.81 | -1.17 | -1.57 | -1.38 | -1.4 | -1.52 | -2.03 | -1.44 | -2.23 | -2.25 | -2.33 | -2.16 | -3.5 | -2.26 | -2.19 | -1.79 | -1.08 | -2.03 | -0.34 | -1.13 | -2.05 | -1.62 | -1.96 | -1.72 | -1.75 | -1.74 | -1.06 | -1.9 | -1.87 | -1.72 | -1.63 | -1.75 | -1.64 | -1.46 | -1.35 | -1.45 | -1.03 | -0.83 | -0.63 | -0.52 | -0.5 | -0.45 | -0.85 | |||||
basic | -1.81 | 0.42 | -1.82 | 0.63 | ||||||||||||||||||||||||||||||||||||||||||||||
diluted | -1.81 | 0.41 | -1.82 | 0.62 | ||||||||||||||||||||||||||||||||||||||||||||||
weighted-average shares used for eps calculation | 71,664,493 | 70,897,991 | 70,368,478 | 69,914,225 | 70,054,173 | 69,925,358 | 69,516,668 | 67,795,540 | 67,875,363 | 67,102,342 | 60,687,177 | |||||||||||||||||||||||||||||||||||||||
basic | 67,607,752 | 59,995,617 | ||||||||||||||||||||||||||||||||||||||||||||||||
diluted | 67,607,752 | 61,146,231 | ||||||||||||||||||||||||||||||||||||||||||||||||
change in fair value of investments in equity securities | 22,837,000 | -11,520,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
change in fair value of investment in arcturus equity securities | 95,200,000 | 7,668,000 | 1,419,000 | 2,166,000 | 9,828,000 | |||||||||||||||||||||||||||||||||||||||||||||
benefit from income taxes | -409,000 | -2,561,000 | -293,000 | -213,000 | -216,000 | -126,000 | -247,000 | -102,000 | -39,000 | |||||||||||||||||||||||||||||||||||||||||
shares used in computing net income per share, basic and diluted | 57,995,999 | 414,889 | 57,707,694 | 57,519,308 | 327,334 | 50,319,772 | 49,819,528 | 230,722 | 42,471,606 | 42,346,830 | 41,841,612 | 9,796,248.5 | 39,551,923 | 39,028,701 | 38,970,151 | |||||||||||||||||||||||||||||||||||
gain from sale of priority review vouchers | 40,322,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
gain from sale of priority review voucher | 130,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
shares used in computing net income per share: | ||||||||||||||||||||||||||||||||||||||||||||||||||
basic | 53,209,215 | 48,190,511 | ||||||||||||||||||||||||||||||||||||||||||||||||
diluted | 53,209,215 | 49,077,742 | ||||||||||||||||||||||||||||||||||||||||||||||||
other income, net: | ||||||||||||||||||||||||||||||||||||||||||||||||||
revenue | 49,500 | 198,000 | 5,000 | 111,000 | 17,000 | |||||||||||||||||||||||||||||||||||||||||||||
general and administrative | 15,547,250 | 23,499,000 | 20,005,000 | 18,685,000 | 19,808,000 | 17,183,000 | 14,738,000 | 13,207,000 | 11,593,000 | 10,232,000 | 7,038,000 | 4,138,000 | 3,422,000 | 2,981,000 | 2,422,000 | 1,986,000 | ||||||||||||||||||||||||||||||||||
total other income | 2,929,500 | 4,490,000 | 5,564,000 | 1,664,000 | -703,000 | 876,000 | 1,130,000 | 865,000 | 938,000 | 704,000 | 355,000 | 123,000 | 205,000 | -14,000 | 76,000 | -3,291,000 | ||||||||||||||||||||||||||||||||||
income tax provision | -4,500 | -4,000 | -14,000 | |||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to common stockholders | -55,220,000 | -39,232,000 | -29,787,000 | -21,379,000 | -16,738,000 | -15,849,000 | -13,585,000 | |||||||||||||||||||||||||||||||||||||||||||
shares used in computing net income per share attributable to common stockholders, basic and diluted | 696,005 | 38,268,632 | 35,937,442 | 34,008,830 | 1,058,621 | 31,631,385 | 30,055,943 | |||||||||||||||||||||||||||||||||||||||||||
interest expense | ||||||||||||||||||||||||||||||||||||||||||||||||||
net loss attributable to common stockholders | -18,438,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
shares used in computing net loss per share attributable to common stockholders, basic and diluted | 21,582,435 |
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 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-12-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2013-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets | ||||||||||||||||||||||||||||||||||||||||||||||||||
current assets: | ||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents | 175,000,000 | 421,000,000 | 202,510,000 | 176,306,000 | 127,055,000 | 173,729,000 | 150,619,000 | 480,693,000 | 112,250,000 | 213,584,000 | 72,575,000 | 102,059,000 | 85,768,000 | 132,944,000 | 391,651,000 | 159,868,000 | 153,988,000 | 307,584,000 | 197,538,000 | 290,875,000 | 383,794,000 | 713,526,000 | 197,486,000 | 335,639,000 | 298,190,000 | 433,584,000 | 122,577,000 | 131,337,000 | 269,712,000 | 113,432,000 | 82,956,000 | 110,854,000 | 226,730,000 | 100,488,000 | 60,407,000 | 90,751,000 | 159,501,000 | 161,120,000 | 142,280,000 | 55,069,000 | 70,763,000 | 93,569,000 | 166,686,000 | 52,351,000 | 178,040,000 | 24,324,000 | 53,387,000 | 17,452,000 | 55,447,000 | 7,427,000 |
marketable securities | 238,000,000 | 259,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable | 121,000,000 | 158,000,000 | 112,543,000 | 124,464,000 | 98,839,000 | 121,801,000 | 93,301,000 | 105,982,000 | 100,253,000 | 73,390,000 | 79,263,000 | 70,523,000 | 42,991,000 | 40,445,000 | 31,164,000 | 37,207,000 | 28,369,000 | 28,432,000 | 25,383,000 | 24,720,000 | 25,032,000 | 23,093,000 | 27,762,000 | 14,893,000 | 29,327,000 | 32,844,000 | 23,121,000 | 20,901,000 | 15,628,000 | 12,740,000 | 9,155,000 | 17,425,000 | 3,671,000 | 5,172,000 | ||||||||||||||||
inventory | 55,000,000 | 52,000,000 | 52,200,000 | 46,498,000 | 46,031,000 | 45,007,000 | 43,334,000 | 40,137,000 | 35,907,000 | 33,969,000 | 31,802,000 | 28,256,000 | 26,616,000 | 26,766,000 | 21,849,000 | 21,079,000 | 17,809,000 | 16,231,000 | 15,191,000 | 15,083,000 | 12,462,000 | 13,048,000 | 14,457,000 | 11,061,000 | 11,375,000 | 11,546,000 | 14,138,000 | 13,632,000 | 10,948,000 | 7,065,000 | 5,556,000 | 3,342,000 | 2,068,000 | 757,000 | ||||||||||||||||
prepaid expenses and other assets | 68,000,000 | 61,000,000 | 53,215,000 | 61,241,000 | 59,845,000 | 40,290,000 | ||||||||||||||||||||||||||||||||||||||||||||
total current assets | 657,000,000 | 951,000,000 | 643,206,000 | 719,788,000 | 699,155,000 | 817,123,000 | 799,608,000 | 964,640,000 | 595,967,000 | 732,184,000 | 599,188,000 | 702,137,000 | 766,336,000 | 883,899,000 | 1,012,668,000 | 678,542,000 | 707,519,000 | 856,604,000 | 846,884,000 | 949,492,000 | 1,070,936,000 | 1,295,304,000 | 872,003,000 | 906,039,000 | 894,318,000 | 851,017,000 | 613,486,000 | 699,431,000 | 786,887,000 | 522,369,000 | 567,480,000 | 604,743,000 | 581,580,000 | 269,583,000 | 390,903,000 | 419,794,000 | 444,685,000 | 401,695,000 | 416,785,000 | 411,084,000 | 430,234,000 | 450,207,000 | 460,707,000 | 336,530,000 | 350,514,000 | 193,416,000 | 206,741,000 | 158,216,000 | 169,636,000 | 55,225,000 |
property, plant, and equipment | 239,000,000 | 244,000,000 | 249,961,000 | 255,763,000 | 260,906,000 | 265,929,000 | 272,448,000 | 278,707,000 | 285,111,000 | 290,566,000 | 296,811,000 | 288,990,000 | 277,873,000 | 259,726,000 | 234,614,000 | 207,381,000 | 177,073,000 | 141,247,000 | 119,069,000 | 104,568,000 | 73,515,000 | |||||||||||||||||||||||||||||
intangible assets | 174,000,000 | 176,000,000 | 172,943,000 | 174,733,000 | 176,524,000 | 178,314,000 | 164,942,000 | 166,243,000 | 165,045,000 | 166,271,000 | 157,302,000 | 158,237,000 | 159,171,000 | 160,105,000 | 158,401,000 | 159,196,000 | 159,992,000 | 130,788,000 | 130,869,000 | 130,950,000 | 131,031,000 | 131,113,000 | 131,194,000 | 131,275,000 | 129,000,000 | 129,000,000 | 129,020,000 | 129,069,000 | 129,086,000 | 129,223,000 | 130,232,000 | 132,776,000 | 137,122,000 | 141,545,000 | ||||||||||||||||
goodwill | 44,000,000 | 44,000,000 | 44,406,000 | 44,406,000 | 44,406,000 | 44,406,000 | 44,406,000 | 44,406,000 | 44,406,000 | 44,406,000 | 44,406,000 | 44,406,000 | 44,406,000 | 44,406,000 | 44,406,000 | 44,406,000 | 44,406,000 | 44,406,000 | 44,406,000 | 44,406,000 | 44,406,000 | 44,406,000 | 44,406,000 | 44,406,000 | 44,406,000 | 44,406,000 | 44,406,000 | 44,406,000 | 44,406,000 | 44,406,000 | 44,406,000 | 44,406,000 | 44,406,000 | 44,406,000 | ||||||||||||||||
other assets | 61,000,000 | 60,000,000 | 57,862,000 | 60,121,000 | 62,373,000 | 62,680,000 | 41,365,000 | 54,700,000 | 47,727,000 | 47,616,000 | 27,896,000 | 26,489,000 | 22,259,000 | 16,846,000 | 18,285,000 | 21,144,000 | 21,218,000 | 20,558,000 | 16,419,000 | 12,668,000 | 8,929,000 | 8,812,000 | 5,092,000 | 2,627,000 | 4,862,000 | 3,471,000 | 3,111,000 | 3,181,000 | 2,660,000 | 3,514,000 | 3,199,000 | 3,239,000 | 1,574,000 | 1,315,000 | 1,345,000 | 1,736,000 | 1,762,000 | 1,837,000 | 1,868,000 | 1,446,000 | 2,063,000 | 595,000 | 734,000 | 790,000 | 781,000 | 774,000 | 825,000 | 1,129,000 | 550,000 | 2,648,000 |
total assets | 1,296,000,000 | 1,532,000,000 | 1,190,445,000 | 1,306,265,000 | 1,311,927,000 | 1,503,456,000 | 1,538,363,000 | 1,618,437,000 | 1,307,080,000 | 1,491,013,000 | 1,238,140,000 | 1,311,310,000 | 1,383,404,000 | 1,545,444,000 | 1,618,474,000 | 1,320,627,000 | 1,384,029,000 | 1,522,397,000 | 1,484,801,000 | 1,512,444,000 | 1,597,763,000 | 1,759,555,000 | 1,268,385,000 | 1,314,041,000 | 1,233,140,000 | 1,135,496,000 | 879,944,000 | 958,927,000 | 1,007,759,000 | 719,558,000 | 765,145,000 | 806,022,000 | 817,350,000 | 490,753,000 | 435,047,000 | 497,542,000 | 545,822,000 | 540,626,000 | 515,166,000 | 481,951,000 | 524,184,000 | 559,569,000 | 602,130,000 | 343,004,000 | 355,840,000 | 197,967,000 | 210,931,000 | 162,586,000 | 172,707,000 | 59,649,000 |
liabilities, noncontrolling interest and stockholders' equity | ||||||||||||||||||||||||||||||||||||||||||||||||||
current liabilities: | ||||||||||||||||||||||||||||||||||||||||||||||||||
accounts payable | 42,000,000 | 31,000,000 | 40,573,000 | 34,242,000 | 47,450,000 | 38,756,000 | 35,990,000 | 59,807,000 | 40,972,000 | 42,114,000 | 33,357,000 | 42,115,000 | 58,981,000 | 43,274,000 | 23,533,000 | 34,213,000 | 23,685,000 | 17,138,000 | 15,575,000 | 21,790,000 | 15,744,000 | 12,923,000 | 10,850,000 | 9,014,000 | 14,405,000 | 12,871,000 | 13,460,000 | 8,743,000 | 12,664,000 | 12,275,000 | 8,198,000 | 10,314,000 | 7,569,000 | 8,886,000 | 9,288,000 | 11,876,000 | 8,345,000 | 5,364,000 | 6,616,000 | 6,954,000 | 6,012,000 | 2,942,000 | 4,422,000 | 10,171,000 | 5,755,000 | 4,857,000 | 4,161,000 | 3,590,000 | 3,495,000 | 1,437,000 |
accrued liabilities | 194,000,000 | 265,000,000 | 220,526,000 | 180,792,000 | 173,007,000 | 240,973,000 | 185,028,000 | 154,421,000 | 149,133,000 | 196,486,000 | 178,622,000 | 167,656,000 | 144,404,000 | 204,678,000 | 189,051,000 | 170,355,000 | 126,356,000 | 145,555,000 | 109,660,000 | 91,060,000 | 82,699,000 | 108,491,000 | 79,653,000 | 71,887,000 | 67,719,000 | 83,194,000 | 69,557,000 | 59,264,000 | 48,957,000 | 62,450,000 | 58,483,000 | 55,735,000 | 49,291,000 | 61,427,000 | 54,278,000 | 50,130,000 | 42,773,000 | 54,554,000 | 43,487,000 | 24,714,000 | 23,565,000 | 24,784,000 | 20,148,000 | 12,716,000 | 8,398,000 | 7,575,000 | 6,831,000 | 5,278,000 | 3,238,000 | 4,406,000 |
liabilities for sales of future royalties | 72,000,000 | 69,000,000 | 65,545,000 | 63,863,000 | 57,376,000 | 49,847,000 | 48,731,000 | 46,921,000 | 42,689,000 | 29,242,000 | 29,932,000 | 23,724,000 | 3,533,000 | 875,439,000 | ||||||||||||||||||||||||||||||||||||
other liabilities | 17,000,000 | 7,000,000 | 1,236,000 | 2,581,000 | 3,348,000 | 4,280,000 | 4,835,000 | 15,197,000 | 14,479,000 | 12,205,000 | 10,230,000 | 10,392,000 | 9,257,000 | 4,820,000 | 4,050,000 | 3,768,000 | 3,392,000 | 1,005,000 | 471,000 | 4,759,000 | 4,702,000 | 4,836,000 | 4,944,000 | 5,119,000 | 5,228,000 | 5,414,000 | 5,589,000 | 6,393,000 | 8,845,000 | 6,073,000 | 4,480,000 | 561,000 | 634,000 | 684,000 | 478,000 | 505,000 | 533,000 | 560,000 | 182,000 | 200,000 | ||||||||||
total current liabilities | 325,000,000 | 384,000,000 | 340,022,000 | 293,244,000 | 291,668,000 | 344,153,000 | 285,008,000 | 272,866,000 | 245,575,000 | 280,437,000 | 253,978,000 | 244,379,000 | 218,179,000 | 261,210,000 | 227,361,000 | 220,636,000 | 167,231,000 | 181,368,000 | 135,933,000 | 127,067,000 | 127,044,000 | 189,609,000 | 201,186,000 | 219,729,000 | 196,858,000 | 103,300,000 | 90,307,000 | 75,006,000 | 66,880,000 | 74,725,000 | 66,681,000 | 66,049,000 | 57,583,000 | 71,014,000 | 64,261,000 | 62,675,000 | 51,755,000 | 60,259,000 | 50,431,000 | 31,983,000 | 29,880,000 | 27,918,000 | 24,733,000 | 23,042,000 | 14,243,000 | 12,517,000 | 11,072,000 | 8,943,000 | 6,811,000 | 5,921,000 |
deferred tax liabilities | 30,000,000 | 30,000,000 | 30,058,000 | 30,058,000 | 30,058,000 | 30,058,000 | 30,058,000 | 30,058,000 | 30,058,000 | 30,058,000 | 31,667,000 | 31,667,000 | 31,667,000 | 31,667,000 | 33,306,000 | 33,306,000 | 33,306,000 | 33,306,000 | 33,306,000 | 33,306,000 | 33,306,000 | 33,306,000 | 33,306,000 | 33,306,000 | 33,306,000 | 33,306,000 | 31,166,000 | 31,166,000 | 31,166,000 | 31,166,000 | 31,166,000 | 31,166,000 | 31,166,000 | 31,166,000 | ||||||||||||||||
total liabilities | 1,525,000,000 | 1,605,000,000 | 1,174,286,000 | 1,147,979,000 | 1,160,681,000 | 1,241,159,000 | 1,184,536,000 | 1,186,019,000 | 1,166,816,000 | 1,215,599,000 | 1,206,426,000 | 1,182,280,000 | 1,162,923,000 | 1,192,950,000 | 1,149,645,000 | 642,554,000 | 587,605,000 | 599,836,000 | 551,127,000 | 540,273,000 | 543,181,000 | 605,180,000 | 602,194,000 | 618,454,000 | 623,994,000 | 481,732,000 | 152,679,000 | 139,140,000 | 121,030,000 | 110,650,000 | 102,549,000 | 102,051,000 | 93,693,000 | 107,299,000 | 69,489,000 | 68,089,000 | 57,344,000 | 66,652,000 | 59,276,000 | 38,056,000 | 34,360,000 | 28,479,000 | 25,367,000 | 23,726,000 | 14,721,000 | 13,022,000 | 11,605,000 | 9,503,000 | 6,993,000 | 9,540,000 |
noncontrolling interest | 7,000,000 | 7,000,000 | 7,000,000 | 7,000,000 | 7,000,000 | 7,000,000 | 7,000,000 | |||||||||||||||||||||||||||||||||||||||||||
stockholders’ equity | ||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, par value of 0.001 per share—25.0 shares authorized; nil outstanding in 2026 and in 2025 | ||||||||||||||||||||||||||||||||||||||||||||||||||
common stock | 96,000 | 96,000 | 94,000 | 92,000 | 92,000 | 92,000 | 83,000 | 82,000 | 70,000 | 69,000 | 67,000 | 58,000 | 51,000 | 44,000 | 41,000 | 39,000 | 39,000 | 36,000 | 36,000 | 32,000 | 32,000 | 30,000 | 30,000 | |||||||||||||||||||||||||||
treasury stock | -10,000,000 | -8,000,000 | -7,991,000 | -7,991,000 | -7,566,000 | -3,593,000 | -3,555,000 | -3,395,000 | -3,332,000 | -432,000 | -381,000 | -381,000 | -356,000 | |||||||||||||||||||||||||||||||||||||
deferred compensation obligation | 10,000,000 | 8,000,000 | 7,991,000 | 7,991,000 | 7,566,000 | 3,593,000 | 3,555,000 | 3,395,000 | 3,332,000 | 432,000 | 381,000 | 381,000 | 356,000 | |||||||||||||||||||||||||||||||||||||
additional paid-in capital | 4,481,000,000 | 4,451,000,000 | 4,411,531,000 | 4,374,333,000 | 4,252,417,000 | 4,212,692,000 | 4,169,298,000 | 4,123,364,000 | 3,698,957,000 | 3,662,346,000 | 3,298,357,000 | 3,236,879,000 | 3,169,371,000 | 3,140,019,000 | 3,108,170,000 | 3,071,000,000 | 3,028,829,000 | 2,997,497,000 | 2,884,695,000 | 2,850,016,000 | 2,810,176,000 | 2,773,195,000 | 2,260,682,000 | 2,220,963,000 | 2,162,667,000 | 2,086,863,000 | 2,066,483,000 | 2,045,685,000 | 2,013,859,000 | 1,639,773,000 | 1,605,412,000 | 1,559,722,000 | 1,526,972,000 | 1,221,762,000 | 1,123,861,000 | 1,105,348,000 | 1,087,028,000 | 1,003,561,000 | 915,084,000 | 837,943,000 | 827,109,000 | 816,578,000 | 806,202,000 | 509,658,000 | 501,597,000 | 324,128,000 | 321,714,000 | 259,555,000 | 258,599,000 | |
accumulated other comprehensive loss | -268,000 | -341,000 | -2,244,000 | -3,098,000 | -3,967,000 | -6,573,000 | -10,222,000 | -8,914,000 | -6,554,000 | -1,545,000 | -147,000 | -71,000 | -148,000 | -633,000 | -410,000 | -654,000 | -946,000 | -868,000 | -39,000 | -209,000 | -94,000 | |||||||||||||||||||||||||||||
accumulated deficit | -4,717,000,000 | -4,532,000,000 | -4,403,288,000 | -4,222,875,000 | -4,107,924,000 | -3,956,844,000 | -3,823,459,000 | -3,689,943,000 | -3,558,345,000 | -3,387,661,000 | -3,264,471,000 | -3,104,822,000 | -2,944,994,000 | -2,781,022,000 | -2,629,189,000 | -2,384,083,000 | -2,225,921,000 | -2,073,601,000 | -1,951,143,000 | -1,878,145,000 | -1,755,717,000 | -1,619,576,000 | -1,595,565,000 | -1,526,720,000 | -1,552,035,000 | -1,433,010,000 | -1,339,205,000 | -1,226,211,000 | -1,127,039,000 | -1,030,283,000 | -942,457,000 | -855,147,000 | -802,419,000 | -832,672,000 | -750,941,000 | -671,714,000 | -598,823,000 | -530,533,000 | -459,246,000 | -394,339,000 | -337,416,000 | -284,659,000 | -229,439,000 | -190,207,000 | -160,420,000 | -139,041,000 | -122,302,000 | -106,454,000 | ||
total stockholders’ equity | -236,000,000 | -80,000,000 | 9,159,000 | 151,286,000 | 144,246,000 | 255,297,000 | 346,827,000 | 432,418,000 | 140,264,000 | 275,414,000 | 31,714,000 | 129,030,000 | 220,481,000 | 352,494,000 | 468,829,000 | 678,073,000 | 796,424,000 | 922,561,000 | 933,674,000 | 972,171,000 | 1,054,582,000 | 1,154,375,000 | 666,191,000 | 695,587,000 | 609,146,000 | 653,764,000 | 727,265,000 | 819,787,000 | 886,729,000 | 608,908,000 | 662,596,000 | 703,971,000 | 723,657,000 | 383,454,000 | 365,558,000 | 429,453,000 | 488,478,000 | 473,974,000 | 455,890,000 | 443,895,000 | 489,824,000 | 531,090,000 | 576,763,000 | 319,278,000 | 341,119,000 | 184,945,000 | 199,326,000 | 153,083,000 | 165,714,000 | |
total liabilities, noncontrolling interest and stockholders’ equity | 1,296,000,000 | 1,532,000,000 | 1,190,445,000 | 1,306,265,000 | 1,311,927,000 | 1,503,456,000 | 1,538,363,000 | |||||||||||||||||||||||||||||||||||||||||||
liabilities and stockholders' equity | ||||||||||||||||||||||||||||||||||||||||||||||||||
lease liabilities | 12,000,000 | 12,142,000 | 11,766,000 | 10,487,000 | 10,297,000 | 10,424,000 | 11,717,000 | 12,781,000 | 12,595,000 | 12,067,000 | 10,884,000 | 11,261,000 | 11,779,000 | 11,819,000 | 11,631,000 | 11,323,000 | 11,066,000 | 10,698,000 | 10,305,000 | 9,380,000 | 8,976,000 | |||||||||||||||||||||||||||||
commitments and contingencies | ||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, par value of 0.001 per share—25.0 shares authorized; nil outstanding in 2025 and in 2024 | ||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive income | 1,000,000 | 820,000 | -643,000 | 896,000 | -1,095,000 | -431,000 | 647,000 | -1,404,000 | 54,000 | 232,000 | 56,000 | 689,000 | 1,013,000 | 1,284,000 | 255,000 | -5,680,000 | -7,404,000 | -4,223,000 | 231,000 | 905,000 | 12,000 | 252,000 | 92,000 | -174,000 | -118,000 | -48,000 | -46,000 | 11,000 | ||||||||||||||||||||||
marketable debt securities | 222,738,000 | 311,279,000 | 367,385,000 | 436,296,000 | 470,989,000 | 283,128,000 | 299,830,000 | 363,625,000 | 369,519,000 | 449,922,000 | 543,586,000 | 614,818,000 | 497,024,000 | 382,927,000 | 444,333,000 | 432,612,000 | 539,579,000 | 554,881,000 | 581,614,000 | 488,007,000 | ||||||||||||||||||||||||||||||
stockholders’ equity: | ||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, par value of 0.001 per share—25,000,000 shares authorized; nil outstanding in 2025 and in 2024 | ||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, par value of 0.001 per share—25,000,000 shares authorized; nil outstanding in 2024 and in 2023 | ||||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities and stockholders’ equity | 1,618,437,000 | 1,307,080,000 | 1,491,013,000 | 1,238,140,000 | 1,311,310,000 | 1,383,404,000 | 1,545,444,000 | 1,618,474,000 | 1,320,627,000 | 1,384,029,000 | 1,522,397,000 | 1,484,801,000 | 1,512,444,000 | 1,597,763,000 | 1,759,555,000 | 1,268,385,000 | 1,314,041,000 | 1,233,140,000 | 1,135,496,000 | 879,944,000 | 958,927,000 | 1,007,759,000 | 719,558,000 | 765,145,000 | 806,022,000 | 817,350,000 | 490,753,000 | 435,047,000 | 497,542,000 | 545,822,000 | 540,626,000 | 515,166,000 | 481,951,000 | 524,184,000 | 559,569,000 | 602,130,000 | 343,004,000 | 355,840,000 | ||||||||||||
contract liabilities | 1,479,000 | 2,958,000 | 4,437,000 | 5,867,000 | 7,609,000 | 3,912,000 | 19,221,000 | 59,219,000 | 102,898,000 | |||||||||||||||||||||||||||||||||||||||||
preferred stock, par value of 0.001 per share—25,000,000 shares authorized; nil outstanding in 2023 and in 2022 | ||||||||||||||||||||||||||||||||||||||||||||||||||
prepaid expenses and other current assets | 46,029,000 | 51,377,000 | 67,375,000 | 68,926,000 | 70,980,000 | 77,461,000 | 63,020,000 | 71,745,000 | 69,193,000 | 63,933,000 | 68,034,000 | 57,630,000 | 64,264,000 | 58,196,000 | 64,788,000 | 51,397,000 | 49,169,000 | 46,612,000 | 44,995,000 | 42,858,000 | 49,671,000 | 36,844,000 | 33,953,000 | 28,700,000 | 19,376,000 | 19,685,000 | 19,224,000 | 20,136,000 | 18,944,000 | 17,799,000 | 17,088,000 | 13,060,000 | 12,324,000 | 9,430,000 | 6,877,000 | 5,929,000 | 5,547,000 | 4,945,000 | 4,239,000 | 1,848,000 | ||||||||||
equity investments | 4,039,000 | 5,458,000 | 5,197,000 | 5,531,000 | 13,786,000 | 15,412,000 | 25,596,000 | 34,925,000 | 86,215,000 | 103,710,000 | 134,756,000 | 155,375,000 | ||||||||||||||||||||||||||||||||||||||
right-of-use assets | 26,427,000 | 19,222,000 | 22,949,000 | 25,961,000 | 28,751,000 | 31,245,000 | 32,699,000 | 34,936,000 | 36,696,000 | 38,619,000 | 38,511,000 | 40,524,000 | 37,597,000 | 37,067,000 | 35,827,000 | 31,711,000 | 33,356,000 | 23,024,000 | ||||||||||||||||||||||||||||||||
preferred stock — 25,000,000 shares authorized; nil outstanding as of september 30, 2023 and december 31, 2022 | ||||||||||||||||||||||||||||||||||||||||||||||||||
common stock — 250,000,000 shares authorized; 72,174,307 and 70,197,297 shares issued and outstanding as of september 30, 2023 and december 31, 2022, respectively | 72,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock — 25,000,000 shares authorized; nil outstanding as of june 30, 2023 and december 31, 2022 | ||||||||||||||||||||||||||||||||||||||||||||||||||
common stock — 250,000,000 shares authorized; 71,465,424 and 70,197,297 shares issued and outstanding as of june 30, 2023 and december 31, 2022, respectively | 71,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock — 25,000,000 shares authorized; nil outstanding as of march 31, 2023 and december 31, 2022 | ||||||||||||||||||||||||||||||||||||||||||||||||||
common stock — 250,000,000 shares authorized; 70,660,249 and 70,197,297 shares issued and outstanding as of march 31, 2023 and december 31, 2022, respectively | 71,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, par value of 0.001 per share—25,000,000 shares authorized; nil outstanding as of december 31, 2022 and december 31, 2021 | ||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities and stockholders’ equity | ||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities related to the sale of future royalties | 862,063,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock — 25,000,000 shares authorized; nil outstanding as of september 30, 2022 and december 31, 2021 | ||||||||||||||||||||||||||||||||||||||||||||||||||
common stock — 250,000,000 shares authorized; 70,079,777 and 69,344,998 shares issued and outstanding as of september 30, 2022 and december 31, 2021, respectively | 70,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
liability related to the sale of future royalties | 358,942,000 | 355,633,000 | 351,786,000 | 348,073,000 | 344,039,000 | 340,211,000 | 335,665,000 | 331,034,000 | 325,783,000 | 320,836,000 | 315,369,000 | |||||||||||||||||||||||||||||||||||||||
preferred stock — 25,000,000 shares authorized; nil outstanding as of june 30, 2022 and december 31, 2021 | ||||||||||||||||||||||||||||||||||||||||||||||||||
common stock — 250,000,000 shares authorized; 70,010,398 and 69,344,998 shares issued and outstanding as of june 30, 2022 and december 31, 2021, respectively | 70,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock — 25,000,000 shares authorized; nil outstanding as of march 31, 2022 and december 31, 2021 | ||||||||||||||||||||||||||||||||||||||||||||||||||
common stock — 250,000,000 shares authorized; 69,796,940 and 69,344,998 shares issued and outstanding as of march 31, 2022 and december 31, 2021, respectively | 70,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, par value of 0.001 per share—25,000,000 shares authorized; nil outstanding as of december 31, 2021 and december 31, 2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock — 25,000,000 shares authorized; nil outstanding as of september 30, 2021 and december 31, 2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||
common stock — 250,000,000 shares authorized; 67,961,963 and 66,818,520 shares issued and outstanding as of september 30, 2021 and december 31, 2020, respectively | 68,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock — 25,000,000 shares authorized; nil outstanding as of june 30, 2021 and december 31, 2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||
common stock — 250,000,000 shares authorized; 67,764,950 and 66,818,520 shares issued and outstanding as of june 30, 2021 and december 31, 2020, respectively | 68,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
property and equipment | 87,570,000 | 48,773,000 | 48,339,000 | 47,596,000 | 44,348,000 | 31,877,000 | 25,317,000 | 21,696,000 | 20,046,000 | 19,828,000 | 20,858,000 | 20,830,000 | 21,837,000 | 16,030,000 | 16,405,000 | 16,517,000 | 17,055,000 | 18,226,000 | 17,054,000 | 13,418,000 | 7,373,000 | 6,285,000 | 4,772,000 | 3,514,000 | 3,033,000 | 2,621,000 | 2,497,000 | 1,777,000 | 1,325,000 | |||||||||||||||||||||
preferred stock — 25,000,000 shares authorized; nil outstanding as of march 31, 2021 and december 31, 2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||
common stock — 250,000,000 shares authorized; 67,439,477 and 66,818,520 shares issued and outstanding as of march 31, 2021 and december 31, 2020, respectively | 67,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, par value of 0.001 per share—25,000,000 shares authorized; nil outstanding as of december 31, 2020 and 2019 | ||||||||||||||||||||||||||||||||||||||||||||||||||
short-term investments | 568,034,000 | 477,777,000 | 365,088,000 | 321,646,000 | 404,481,000 | 486,949,000 | 445,604,000 | 346,274,000 | 420,142,000 | 436,278,000 | 314,616,000 | 134,005,000 | 310,659,000 | 308,897,000 | 265,689,000 | 219,028,000 | 254,150,000 | 336,734,000 | 341,092,000 | 343,428,000 | 281,697,000 | 273,678,000 | 164,526,000 | 163,163,000 | 147,807,000 | 135,819,000 | 109,950,000 | 45,950,000 | ||||||||||||||||||||||
investments in equity securities | 129,320,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
long-term investments | 4,068,000 | 41,711,000 | 5,174,000 | 29,907,000 | 9,975,000 | 24,964,000 | 57,802,000 | 80,862,000 | 117,963,000 | 76,211,000 | 50,021,000 | 75,932,000 | 99,259,000 | 133,492,000 | ||||||||||||||||||||||||||||||||||||
short-term lease liabilities | 7,785,000 | 7,258,000 | 7,487,000 | 7,235,000 | 7,290,000 | 6,999,000 | 5,259,000 | |||||||||||||||||||||||||||||||||||||||||||
long-term lease liabilities | 36,668,000 | 36,308,000 | 34,958,000 | 29,757,000 | 31,206,000 | 32,968,000 | 22,984,000 | |||||||||||||||||||||||||||||||||||||||||||
preferred stock — 25,000,000 shares authorized; nil outstanding as of september 30, 2020 and december 31, 2019 | ||||||||||||||||||||||||||||||||||||||||||||||||||
common stock — 250,000,000 shares authorized; 60,815,690 and 57,838,220 shares issued and outstanding as of september 30, 2020 and december 31, 2019, respectively | 61,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
receivable related to daiichi sankyo license agreements | 8,473,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
investment in arcturus equity securities | 140,220,000 | 35,420,000 | 27,752,000 | 26,333,000 | 24,167,000 | |||||||||||||||||||||||||||||||||||||||||||||
short-term contract liability | 131,570,000 | 107,247,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
long-term contract liability | 3,328,000 | 38,036,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock — 25,000,000 shares authorized; nil outstanding as of june 30, 2020 and december 31, 2019 | ||||||||||||||||||||||||||||||||||||||||||||||||||
common stock — 250,000,000 shares authorized; 60,413,756 and 57,838,220 shares issued and outstanding as of june 30, 2020 and december 31, 2019, respectively | 60,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
receivable related to daiichi sankyo license agreement | 125,550,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock — 25,000,000 shares authorized; nil outstanding as of march 31, 2020 and december 31, 2019 | ||||||||||||||||||||||||||||||||||||||||||||||||||
common stock — 250,000,000 shares authorized; 59,488,873 and 57,838,220 shares issued and outstanding as of march 31, 2020 and december 31, 2019, respectively | 59,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
right-of-use lease assets | 30,328,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, par value of 0.001 per share—25,000,000 shares authorized; nil outstanding as of december 31, 2019 and 2018 | ||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock — 25,000,000 shares authorized; nil outstanding as of september 30, 2019 and december 31, 2018 | ||||||||||||||||||||||||||||||||||||||||||||||||||
common stock — 250,000,000 shares authorized; 57,749,890 and 50,860,588 shares issued and outstanding as of september 30, 2019 and december 31, 2018, respectively | 58,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock — 25,000,000 shares authorized; nil outstanding as of june 30, 2019 and december 31, 2018 | ||||||||||||||||||||||||||||||||||||||||||||||||||
common stock — 250,000,000 shares authorized; 57,665,375 and 50,860,588 shares issued and outstanding as of june 30, 2019 and december 31, 2018, respectively | 58,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock — 25,000,000 shares authorized; nil outstanding as of march 31, 2019 and | ||||||||||||||||||||||||||||||||||||||||||||||||||
december 31, 2018 | ||||||||||||||||||||||||||||||||||||||||||||||||||
common stock — 250,000,000 shares authorized; 57,303,888 and 50,860,588 shares issued | ||||||||||||||||||||||||||||||||||||||||||||||||||
and outstanding as of march 31, 2019 and december 31, 2018, respectively | 57,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, par value of 0.001 per share—25,000,000 shares authorized; nil outstanding as of december 31, 2018 and 2017 | ||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock — 25,000,000 shares authorized; nil outstanding as of september 30, 2018 and | ||||||||||||||||||||||||||||||||||||||||||||||||||
december 31, 2017 | ||||||||||||||||||||||||||||||||||||||||||||||||||
common stock — 250,000,000 shares authorized; 50,533,070 and 44,167,071 shares issued | ||||||||||||||||||||||||||||||||||||||||||||||||||
and outstanding as of september 30, 2018 and december 31, 2017, respectively | 51,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock — 25,000,000 shares authorized; nil outstanding as of june 30, 2018 and | ||||||||||||||||||||||||||||||||||||||||||||||||||
common stock — 250,000,000 shares authorized; 50,116,056 and 44,167,071 shares issued | ||||||||||||||||||||||||||||||||||||||||||||||||||
and outstanding as of june 30, 2018 and december 31, 2017, respectively | 50,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
restricted cash | 542,000 | 461,000 | 461,000 | 461,000 | 271,000 | 1,411,000 | 1,411,000 | 1,482,000 | 1,291,000 | 150,000 | 912,000 | 1,071,000 | 1,071,000 | 744,000 | 744,000 | 744,000 | 744,000 | 451,000 | ||||||||||||||||||||||||||||||||
deferred rent—current portion | 723,000 | 701,000 | 695,000 | 669,000 | 637,000 | 341,000 | 328,000 | 315,000 | 303,000 | 192,000 | 163,000 | 155,000 | 90,000 | 85,000 | 80,000 | 75,000 | 78,000 | 78,000 | ||||||||||||||||||||||||||||||||
preferred stock — 25,000,000 shares authorized; nil outstanding as of march 31, 2018 and | ||||||||||||||||||||||||||||||||||||||||||||||||||
common stock — 250,000,000 shares authorized; 49,665,203 and 44,167,071 shares issued | ||||||||||||||||||||||||||||||||||||||||||||||||||
and outstanding as of march 31, 2018 and december 31, 2017, respectively | 50,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, par value of 0.001 per share—25,000,000 shares authorized; nil outstanding as of december 31, 2017 and 2016 | ||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock — 25,000,000 shares authorized; nil outstanding as of september 30, 2017 and | ||||||||||||||||||||||||||||||||||||||||||||||||||
december 31, 2016 | ||||||||||||||||||||||||||||||||||||||||||||||||||
common stock — 250,000,000 shares authorized; 42,488,312 and 41,240,230 shares issued | ||||||||||||||||||||||||||||||||||||||||||||||||||
and outstanding as of september 30, 2017 and december 31, 2016, respectively | 42,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock — 25,000,000 shares authorized; nil outstanding as of june 30, 2017 and | ||||||||||||||||||||||||||||||||||||||||||||||||||
common stock — 250,000,000 shares authorized; 42,428,124 and 41,240,230 shares issued | ||||||||||||||||||||||||||||||||||||||||||||||||||
and outstanding as of june 30, 2017 and december 31, 2016, respectively | 42,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock — 25,000,000 shares authorized; nil outstanding as of march 31, 2017 and | ||||||||||||||||||||||||||||||||||||||||||||||||||
common stock — 250,000,000 shares authorized; 42,273,429 and 41,240,230 shares issued | ||||||||||||||||||||||||||||||||||||||||||||||||||
and outstanding as of march 31, 2017 and december 31, 2016, respectively | 42,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, par value of 0.001 per share—25,000,000 shares authorized; nil outstanding as of december 31, 2016 and 2015 | ||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock — 25,000,000 shares authorized; nil outstanding as of september 30, 2016 and | ||||||||||||||||||||||||||||||||||||||||||||||||||
december 31, 2015 | ||||||||||||||||||||||||||||||||||||||||||||||||||
common stock — 250,000,000 shares authorized; 40,052,032 and 38,882,394 shares issued | ||||||||||||||||||||||||||||||||||||||||||||||||||
and outstanding as of september 30, 2016 and december 31, 2015, respectively | 40,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock — 25,000,000 shares authorized; nil outstanding as of june 30, 2016 and december 31, 2015 | ||||||||||||||||||||||||||||||||||||||||||||||||||
common stock — 250,000,000 shares authorized; 39,046,247 and 38,882,394 shares issued and outstanding as of june 30, 2016 and december 31, 2015, respectively | 39,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock — 25,000,000 shares authorized; nil outstanding as of march 31, 2016 and december 31, 2015 | ||||||||||||||||||||||||||||||||||||||||||||||||||
common stock — 250,000,000 shares authorized; 38,992,346 and 38,882,394 shares issued and outstanding as of march 31, 2016 and december 31, 2015, respectively | 39,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, par value of 0.001 per share—25,000,000 shares authorized; nil outstanding as of december 31, 2015 and 2014 | ||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, par value of 0.001 per share—25,000,000 shares authorized; nil outstanding as of september 30, 2015 and december 31, 2014 | ||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, par value of 0.001 per share—25,000,000 shares authorized; nil outstanding as of june 30, 2015 and december 31, 2014 | ||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, par value of 0.001 per share—25,000,000 shares authorized; nil outstanding as of march 31, 2015 and december 31, 2014 | ||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities, convertible preferred stock and stockholders’ equity | ||||||||||||||||||||||||||||||||||||||||||||||||||
convertible preferred stock warrant liability | 3,419,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
series a redeemable convertible preferred stock, par value of 0.001 per share — nil and 35,377,556 shares authorized as of december 31, 2014 and 2013; nil and 34,349,894 shares issued and outstanding as of december 31, 2014 and 2013 | ||||||||||||||||||||||||||||||||||||||||||||||||||
series b convertible preferred stock, par value of 0.001 per share—nil and 27,081,680 shares authorized, issued and outstanding as of december 31, 2014 and 2013 | ||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, par value of 0.001 per share—25,000,000 shares authorized; nil outstanding as of december 31, 2014 and 2013 | ||||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities, convertible preferred stock and stockholders’ equity | 197,967,000 | 210,931,000 | 162,586,000 | 172,707,000 | ||||||||||||||||||||||||||||||||||||||||||||||
series a redeemable convertible preferred stock, par value of 0.001 per share—nil and 35,377,556 shares authorized; nil and 34,349,894 shares issued and outstanding as of september 30, 2014 and december 31, 2013 | ||||||||||||||||||||||||||||||||||||||||||||||||||
series b convertible preferred stock, par value of 0.001 per share—nil and 27,081,680 shares authorized, issued and outstanding as of september 30, 2014 and december 31, 2013 | ||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, par value of 0.001 per share—25,000,000 shares authorized; nil outstanding as of september 30, 2014 and december 31, 2013 | ||||||||||||||||||||||||||||||||||||||||||||||||||
series a redeemable convertible preferred stock, par value of 0.001 per share—nil and 35,377,566 shares authorized; nil and 34,349,894 shares issued and outstanding as of june 30, 2014 and december 31, 2013 | ||||||||||||||||||||||||||||||||||||||||||||||||||
series b convertible preferred stock, par value of 0.001 per share—nil and 27,081,680 shares authorized, issued and outstanding as of june 30, 2014 and december 31, 2013 | ||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, par value of 0.001 per share—25,000,000 shares authorized; nil outstanding as of june 30, 2014 and december 31, 2013 | ||||||||||||||||||||||||||||||||||||||||||||||||||
series a redeemable convertible preferred stock, par value of 0.001 per share—nil and 35,377,566 shares authorized; nil and 34,349,894 shares issued and outstanding as of march 31, 2014 and december 31, 2013 | ||||||||||||||||||||||||||||||||||||||||||||||||||
series b convertible preferred stock, par value of 0.001 per share—nil and 27,081,680 shares authorized, issued and outstanding as of march 31, 2014 and december 31, 2013 | ||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, par value of 0.001 per share—25,000,000 shares authorized; nil outstanding as of march 31, 2014 and december 31, 2013 | ||||||||||||||||||||||||||||||||||||||||||||||||||
deficit accumulated during the development stage | -92,869,000 | -74,836,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
liabilities, convertible preferred stock and stockholders’ deficit | ||||||||||||||||||||||||||||||||||||||||||||||||||
series a redeemable convertible preferred stock, par value of 0.001 per share—35,377,556 | ||||||||||||||||||||||||||||||||||||||||||||||||||
shares authorized as of december 31, 2012 and 2013; 34,349,894 shares issued and outstanding as of december 31, 2012 and 2013; redemption value of 138,155 as of december 31, 2013 | 51,001,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
series b convertible preferred stock, par value of 0.001 per share—27,081,680 shares | ||||||||||||||||||||||||||||||||||||||||||||||||||
authorized, issued and outstanding as of december 31, 2012 and 2013; aggregate liquidation preference of 76,739 as of december 31, 2013 | 73,929,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
stockholders’ deficit: | ||||||||||||||||||||||||||||||||||||||||||||||||||
and 3,766,289 shares issued and outstanding as of december 31, 2012 and 2013 | 4,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
total stockholders’ deficit | -74,821,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities, convertible preferred stock and stockholders’ deficit | 59,649,000 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 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 | 2020-03-30 | 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 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-12-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
operating activities: | ||||||||||||||||||||||||||||||||||||||||||||||||
net loss | -128,556,000 | -180,413,000 | -114,951,000 | -151,080,000 | -133,385,000 | -133,516,000 | -131,598,000 | -170,684,000 | -123,190,000 | -159,649,000 | -159,828,000 | -163,972,000 | -151,833,000 | -245,106,000 | -158,162,000 | -152,320,000 | -122,458,000 | -72,998,000 | -122,428,000 | -136,141,000 | -24,011,000 | -68,845,000 | -13,630,000 | |||||||||||||||||||||||||
adjustments to reconcile net loss to net cash from operating activities: | ||||||||||||||||||||||||||||||||||||||||||||||||
stock-based compensation | 37,289,000 | 37,265,000 | 38,529,000 | 39,917,000 | 40,164,000 | 41,569,000 | 39,371,000 | 36,926,000 | 33,744,000 | 34,877,000 | 34,654,000 | 31,952,000 | 29,355,000 | 35,762,000 | 35,864,000 | 29,396,000 | 26,819,000 | 26,788,000 | 27,091,000 | 24,254,000 | 22,838,000 | 20,339,000 | 22,403,000 | 20,155,000 | 19,660,000 | 19,907,000 | 22,207,000 | 20,221,000 | 21,080,000 | 20,667,000 | 19,563,000 | 18,797,000 | 19,541,000 | 17,180,000 | 16,794,000 | 14,499,000 | 13,538,000 | 13,694,000 | 10,860,000 | 10,217,000 | 9,489,000 | 7,896,000 | 5,091,000 | 2,408,000 | 2,001,000 | 1,652,000 | 946,000 | 795,000 |
amortization of discount on marketable securities | ||||||||||||||||||||||||||||||||||||||||||||||||
depreciation and amortization | 8,785,000 | 8,606,000 | 8,619,000 | 8,990,000 | 9,079,000 | 8,757,000 | 8,862,000 | 8,845,000 | 8,218,000 | 7,191,000 | 5,361,000 | 5,236,000 | 4,957,000 | 4,694,000 | 4,481,000 | 4,088,000 | 3,534,000 | 3,217,000 | 3,121,000 | 3,367,000 | 3,133,000 | 3,092,000 | 3,184,000 | 2,852,000 | 2,169,000 | 2,145,000 | 2,106,000 | 2,119,000 | 2,943,000 | 4,355,000 | 6,080,000 | 6,160,000 | 2,514,000 | 1,095,000 | 1,055,000 | 1,161,000 | 1,157,000 | 1,031,000 | 692,000 | 544,000 | 480,000 | 441,000 | 262,000 | 201,000 | 212,000 | 194,000 | 161,000 | 117,000 |
non-cash royalty revenue | -37,581,000 | -24,911,000 | -30,321,000 | -19,187,000 | -23,054,000 | -26,289,000 | -18,063,000 | -20,543,000 | -17,270,000 | -4,882,000 | ||||||||||||||||||||||||||||||||||||||
non-cash interest expense on liabilities for sales of future royalties | 19,469,000 | 14,148,000 | 14,041,000 | 14,342,000 | 15,522,000 | 15,712,000 | 15,960,000 | 15,847,000 | 17,328,000 | 17,665,000 | 15,375,000 | 15,636,000 | ||||||||||||||||||||||||||||||||||||
other | 693,000 | -273,000 | -1,172,000 | -1,248,000 | 757,000 | -3,498,000 | -671,000 | -77,000 | -802,000 | 1,047,000 | 1,868,000 | 187,000 | -794,000 | 178,000 | 351,000 | 35,000 | -198,000 | -78,000 | 186,000 | 325,000 | 1,195,000 | -62,000 | 337,000 | 352,000 | -11,000 | 0 | ||||||||||||||||||||||
changes in operating assets and liabilities: | ||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable | -33,834,000 | 5,425,000 | -12,653,000 | 10,062,000 | -20,640,000 | 9,792,000 | 2,158,000 | -24,908,000 | 1,012,000 | -6,204,000 | -15,078,000 | -2,508,000 | -9,095,000 | 5,929,000 | -8,935,000 | 33,000 | -3,070,000 | -693,000 | 324,000 | -1,993,000 | 4,714,000 | -12,829,000 | 14,455,000 | 3,500,000 | -9,702,000 | -2,241,000 | -5,262,000 | -2,899,000 | 1,572,000 | |||||||||||||||||||
inventory | 150,000 | -5,595,000 | 208,000 | -763,000 | -2,456,000 | -2,500,000 | -4,127,000 | -2,124,000 | -1,956,000 | -3,467,000 | -1,657,000 | 150,000 | -4,205,000 | -791,000 | -3,230,000 | -1,475,000 | -990,000 | 47,000 | -2,648,000 | 474,000 | 1,289,000 | -3,156,000 | 372,000 | 149,000 | 2,153,000 | -564,000 | -2,393,000 | -3,647,000 | ||||||||||||||||||||
prepaid expenses and other assets | -2,740,000 | 9,905,000 | 313,000 | -17,478,000 | 4,990,000 | 12,113,000 | -519,000 | 3,240,000 | 7,351,000 | -15,919,000 | 9,126,000 | -22,529,000 | 2,023,000 | 1,654,000 | -10,656,000 | 15,209,000 | -6,325,000 | 8,960,000 | -15,096,000 | |||||||||||||||||||||||||||||
accounts payable, accrued, and other liabilities | 37,012,000 | 45,124,000 | -9,682,000 | -48,454,000 | 46,385,000 | 10,818,000 | 25,329,000 | -35,540,000 | 17,126,000 | 7,481,000 | 11,781,000 | -34,008,000 | 35,026,000 | 11,156,000 | 57,424,000 | -16,164,000 | 30,393,000 | 13,446,000 | 12,076,000 | -23,602,000 | 24,031,000 | 11,655,000 | -3,450,000 | -5,383,000 | ||||||||||||||||||||||||
net cash from operating activities | -99,829,000 | -91,423,000 | -108,273,000 | -166,475,000 | -79,503,000 | -66,995,000 | -76,963,000 | -190,727,000 | -83,904,000 | -117,874,000 | -116,161,000 | -156,867,000 | -90,342,000 | -95,345,000 | -77,257,000 | -117,521,000 | -54,344,000 | -59,649,000 | -65,356,000 | -159,346,000 | -62,452,000 | -61,967,000 | 87,351,000 | -95,152,000 | -72,039,000 | -88,506,000 | -89,063,000 | -95,775,000 | -55,853,000 | -69,157,000 | -76,078,000 | -89,478,000 | -81,823,000 | -61,993,000 | -48,822,000 | -61,205,000 | -47,680,000 | -28,745,000 | -39,655,000 | -44,895,000 | -40,444,000 | -30,601,000 | -17,273,000 | -17,659,000 | -14,739,000 | -11,030,000 | -10,529,000 | -8,336,000 |
capital expenditures | -938,000 | -1,278,000 | -2,460,000 | -1,324,000 | -654,000 | -1,617,000 | -2,009,000 | -3,211,000 | -1,600,000 | -3,695,000 | -13,938,000 | -25,034,000 | -26,970,000 | -26,046,000 | -30,923,000 | -32,184,000 | -16,048,000 | -20,560,000 | 0 | -16,414,000 | 0 | -3,780,000 | -4,083,000 | -14,096,000 | -11,500,000 | -5,033,000 | -5,240,000 | -3,059,000 | -1,192,000 | -1,032,000 | -1,377,000 | -475,000 | -899,000 | -1,033,000 | -376,000 | -485,000 | -666,000 | -3,001,000 | -5,044,000 | -1,477,000 | -1,923,000 | -1,978,000 | -595,000 | -459,000 | -453,000 | -439,000 | -688,000 | -569,000 |
free cash flows | -100,767,000 | -92,701,000 | -110,733,000 | -167,799,000 | -80,157,000 | -68,612,000 | -78,972,000 | -193,938,000 | -85,504,000 | -121,569,000 | -130,099,000 | -181,901,000 | -117,312,000 | -121,391,000 | -108,180,000 | -149,705,000 | -70,392,000 | -80,209,000 | -65,356,000 | -175,760,000 | -62,452,000 | -65,747,000 | 83,268,000 | -109,248,000 | -83,539,000 | -93,539,000 | -94,303,000 | -98,834,000 | -57,045,000 | -70,189,000 | -77,455,000 | -89,953,000 | -82,722,000 | -63,026,000 | -49,198,000 | -61,690,000 | -48,346,000 | -31,746,000 | -44,699,000 | -46,372,000 | -42,367,000 | -32,579,000 | -17,868,000 | -18,118,000 | -15,192,000 | -11,469,000 | -11,217,000 | -8,905,000 |
investing activities: | ||||||||||||||||||||||||||||||||||||||||||||||||
purchase of property, plant, and equipment | -938,000 | -1,278,000 | -2,460,000 | -1,324,000 | -654,000 | -1,617,000 | -2,009,000 | -3,211,000 | -1,600,000 | -3,695,000 | -13,938,000 | -25,034,000 | -26,970,000 | -26,046,000 | -30,923,000 | -32,184,000 | -16,048,000 | -20,560,000 | ||||||||||||||||||||||||||||||
purchase of marketable securities | ||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of marketable securities | ||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from maturities of marketable securities | ||||||||||||||||||||||||||||||||||||||||||||||||
payments for intangible asset | 0 | 0 | 0 | -15,000,000 | 0 | |||||||||||||||||||||||||||||||||||||||||||
net cash from investing activities | -72,247,000 | 117,182,000 | 71,175,000 | 119,890,000 | 102,735,000 | -275,502,000 | 60,564,000 | 94,435,000 | -107,017,000 | 64,295,000 | 99,418,000 | 111,304,000 | -171,599,000 | -161,859,000 | 79,168,000 | -37,362,000 | 69,057,000 | -40,759,000 | -41,246,000 | -182,424,000 | 97,901,000 | -95,758,000 | -86,139,000 | -95,125,000 | 67,266,000 | 79,314,000 | -58,426,000 | -101,193,000 | 73,561,000 | 16,205,000 | -52,069,000 | -71,028,000 | 57,104,000 | 29,788,000 | -21,076,000 | -9,400,000 | -8,355,000 | 52,509,000 | 23,986,000 | 21,775,000 | -33,560,000 | -143,715,000 | -111,011,000 | -4,065,000 | -17,021,000 | -13,545,000 | -27,476,000 | -65,398,000 |
financing activities: | ||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from the sale of future royalties | ||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from the issuance of common stock and pre-funded warrants in connection with underwritten public offerings | ||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from the issuance of common stock in connection with at-the-market offering | 272,000 | 0 | 24,792,000 | 0 | 0 | 0 | 0 | 5,523,000 | 19,305,000 | |||||||||||||||||||||||||||||||||||||||
proceeds from the issuance of common stock under equity plans | ||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of equity from noncontrolling interest | ||||||||||||||||||||||||||||||||||||||||||||||||
net cash from financing activities | 394,192,000 | 2,000 | 83,649,000 | 157,000 | 3,186,000 | 11,174,000 | 384,939,000 | -58,000 | 330,610,000 | 25,234,000 | 33,020,000 | -722,000 | 1,882,000 | 491,877,000 | 5,837,000 | 1,612,000 | 85,725,000 | 7,550,000 | 12,628,000 | 12,649,000 | 489,711,000 | 19,135,000 | 35,811,000 | 55,615,000 | 315,443,000 | 904,000 | 9,342,000 | 353,617,000 | 12,242,000 | 25,024,000 | 13,168,000 | 286,419,000 | 64,439,000 | 1,333,000 | 1,526,000 | 68,969,000 | 74,940,000 | 63,447,000 | -25,000 | 314,000 | 887,000 | 288,651,000 | 2,595,000 | 175,440,000 | 2,697,000 | 60,510,000 | 10,000 | 121,754,000 |
effect of exchange rate changes on cash | -656,000 | 294,000 | 2,914,000 | 1,448,000 | -2,473,000 | 1,275,000 | -648,000 | -679,000 | 1,103,000 | -716,000 | -136,000 | 211,000 | 1,352,000 | -1,081,000 | -1,238,000 | -108,000 | -392,000 | -479,000 | 448,000 | -771,000 | 880,000 | 437,000 | 425,000 | -623,000 | 337,000 | -472,000 | 168,000 | -198,000 | 145,000 | 30,000 | -896,000 | 249,000 | 361,000 | 528,000 | -378,000 | 17,000 | ||||||||||||
net increase in cash, cash equivalents, and restricted cash | ||||||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents, and restricted cash at beginning of year | ||||||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents, and restricted cash at end of year | ||||||||||||||||||||||||||||||||||||||||||||||||
amortization of discount on marketable debt securities | -704,000 | -1,047,000 | -1,733,000 | -3,115,000 | -2,947,000 | -3,756,000 | ||||||||||||||||||||||||||||||||||||||||||
purchase of marketable debt securities | -16,942,000 | -15,933,000 | -367,379,000 | -3,373,000 | -21,928,000 | -221,593,000 | -139,484,000 | -103,281,000 | -62,024,000 | -198,574,000 | -210,883,000 | -1,568,000 | -203,710,000 | -94,778,000 | -253,062,000 | -259,117,000 | -405,230,000 | |||||||||||||||||||||||||||||||
proceeds from sale of marketable debt securities | 0 | 51,000 | 92,000 | 99,000 | 126,000 | 177,000 | 2,845,000 | 3,152,000 | 32,893,000 | 3,912,000 | 10,715,000 | 1,309,000 | 40,016,000 | 3,528,000 | 39,422,000 | 9,578,000 | 12,770,000 | 55,568,000 | 14,980,000 | |||||||||||||||||||||||||||||
proceeds from maturities of marketable debt securities | 135,587,000 | 89,395,000 | 136,902,000 | 119,350,000 | 93,571,000 | 68,310,000 | 128,794,000 | 113,295,000 | 175,009,000 | 215,623,000 | 191,598,000 | 42,780,000 | 110,622,000 | 108,314,000 | 188,990,000 | 134,114,000 | 177,383,000 | 182,374,000 | 224,240,000 | |||||||||||||||||||||||||||||
proceeds from the issuance of common stock and pre-funded warrants in connection with the underwritten public offering | 117,000 | |||||||||||||||||||||||||||||||||||||||||||||||
proceeds from the issuance of common stock under equity plan awards, net of tax | 2,000 | 3,921,000 | 157,000 | 4,057,000 | 4,073,000 | -58,000 | 442,000 | 4,569,000 | -750,000 | |||||||||||||||||||||||||||||||||||||||
net increase in cash, cash equivalents and restricted cash | 26,055,000 | -138,153,000 | 37,448,000 | -135,285,000 | -8,760,000 | -137,979,000 | 156,451,000 | -115,875,000 | 126,162,000 | |||||||||||||||||||||||||||||||||||||||
cash, cash equivalents and restricted cash at beginning of period | 0 | 0 | 184,159,000 | 0 | 0 | 219,399,000 | 0 | 0 | 137,601,000 | 0 | 0 | 309,585,000 | 0 | 0 | 726,294,000 | 0 | 0 | 436,244,000 | 0 | 0 | 115,525,000 | 0 | 0 | 103,041,000 | ||||||||||||||||||||||||
cash, cash equivalents and restricted cash at end of period | 26,055,000 | 49,465,000 | 139,179,000 | -330,048,000 | 367,892,000 | 122,370,000 | -29,061,000 | 16,141,000 | 91,527,000 | 233,592,000 | 6,510,000 | 156,206,000 | -93,337,000 | -93,526,000 | 396,402,000 | -138,153,000 | 37,448,000 | 300,959,000 | -8,760,000 | -137,979,000 | 271,976,000 | -27,898,000 | -115,875,000 | 229,203,000 | ||||||||||||||||||||||||
supplemental disclosures of non-cash information: | ||||||||||||||||||||||||||||||||||||||||||||||||
stock-based compensation capitalized into ending inventory | -30,000 | -189,000 | 2,999,000 | 198,000 | 218,000 | 2,786,000 | 259,000 | 27,000 | 2,276,000 | |||||||||||||||||||||||||||||||||||||||
costs of property, plant and equipment included in accounts payable, accrued, and other liabilities | -544,000 | 1,566,000 | -381,000 | 1,280,000 | ||||||||||||||||||||||||||||||||||||||||||||
change in fair value of equity investments | 157,000 | 1,548,000 | -678,000 | 3,991,000 | -3,746,000 | -1,889,000 | 1,419,000 | -261,000 | 334,000 | -1,840,000 | 1,626,000 | 10,184,000 | 9,329,000 | 16,100,000 | -25,702,000 | 31,046,000 | 20,619,000 | |||||||||||||||||||||||||||||||
net decrease in cash, cash equivalents and restricted cash | -44,980,000 | -97,029,000 | 16,141,000 | -46,074,000 | 6,510,000 | -153,379,000 | -93,337,000 | -93,526,000 | -329,892,000 | |||||||||||||||||||||||||||||||||||||||
acquired in-process research and development | -201,000 | |||||||||||||||||||||||||||||||||||||||||||||||
amortization of premium (discount) on marketable debt securities | 1,571,000 | 940,000 | ||||||||||||||||||||||||||||||||||||||||||||||
non-cash collaboration royalty revenue | -6,058,000 | -5,373,000 | -5,423,000 | -4,838,000 | -4,741,000 | -4,649,000 | -4,689,000 | -3,872,000 | -3,567,000 | -3,331,000 | -3,482,000 | -2,615,000 | ||||||||||||||||||||||||||||||||||||
deferred tax liabilities | ||||||||||||||||||||||||||||||||||||||||||||||||
acquisition, net of cash acquired | 366,000 | |||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of equity investments | 36,646,000 | |||||||||||||||||||||||||||||||||||||||||||||||
payment for intangible asset | -10,000,000 | 0 | 0 | 0 | 0 | 0 | -30,000,000 | |||||||||||||||||||||||||||||||||||||||||
proceeds from the issuance of common stock and pre-funded warrants in connection with underwritten public offerings, net of issuance costs | ||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from the issuance of common stock in connection with at-the-market offering, net of issuances costs | ||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from the issuance of common stock from exercise of equity plan awards | ||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of equity interest in noncontrolling interest | ||||||||||||||||||||||||||||||||||||||||||||||||
other assets | 12,718,000 | -7,002,000 | 6,553,000 | 70,000 | 65,000 | 945,000 | -315,000 | 40,000 | 157,000 | -259,000 | 30,000 | 391,000 | 26,000 | 75,000 | 31,000 | -422,000 | 617,000 | -1,468,000 | 139,000 | 56,000 | -9,000 | -7,000 | -2,234,000 | 304,000 | -579,000 | 2,098,000 | ||||||||||||||||||||||
acquired lease liabilities arising from obtaining right-of-use assets and property, plant, and equipment | ||||||||||||||||||||||||||||||||||||||||||||||||
non-cash interest expense on liabilities for sales of future royalties capitalized during the year into ending property, plant and equipment | 1,461,000 | 4,149,000 | 3,820,000 | |||||||||||||||||||||||||||||||||||||||||||||
contract liabilities | 0 | 0 | 0 | -1,479,000 | -1,479,000 | -1,479,000 | -1,430,000 | -3,209,000 | -21,177,000 | -41,479,000 | -36,330,000 | -32,000,000 | -10,385,000 | 145,283,000 | ||||||||||||||||||||||||||||||||||
proceeds from the issuance of common stock from exercise of warrants and equity plan awards | 6,924,000 | 7,674,000 | 12,742,000 | 12,761,000 | 54,242,000 | 19,193,000 | 15,478,000 | 380,000 | ||||||||||||||||||||||||||||||||||||||||
amortization of (discount) premium on marketable debt securities | -2,681,000 | -3,219,000 | -2,994,000 | |||||||||||||||||||||||||||||||||||||||||||||
costs of pp&e included in ap, accrued, and other liabilities | -4,636,000 | -3,074,000 | 9,137,000 | |||||||||||||||||||||||||||||||||||||||||||||
acquired lease liabilities arising from obtaining right-of-use assets | 132,000 | 904,000 | 132,000 | 309,000 | 9,733,000 | -3,935,000 | 7,397,000 | 0 | 13,235,000 | 8,280,000 | ||||||||||||||||||||||||||||||||||||||
purchase of equity investments | ||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from the issuance of common stock in connection with underwritten public offerings | 0 | 0 | 0 | 330,415,000 | ||||||||||||||||||||||||||||||||||||||||||||
proceeds from the issuance of common stock in connection with the license agreement | 0 | 0 | 0 | 55,268,000 | ||||||||||||||||||||||||||||||||||||||||||||
amortization of premium on marketable debt securities | 969,000 | 1,486,000 | 1,894,000 | |||||||||||||||||||||||||||||||||||||||||||||
non-cash interest expense on liabilities related to the sale of future royalties | ||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of future royalties | ||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from the issuance of common stock from equity plan awards | 1,074,000 | 5,983,000 | 1,755,000 | |||||||||||||||||||||||||||||||||||||||||||||
non-cash interest expense on liabilities related to the sale of future royalties capitalized into ending property, plant and equipment | ||||||||||||||||||||||||||||||||||||||||||||||||
non-cash interest expense on liability related to the sale of future royalties | 6,052,000 | 6,584,000 | 3,804,000 | 8,683,000 | 8,517,000 | 8,418,000 | 8,198,000 | 8,582,000 | 8,429,000 | 8,082,000 | ||||||||||||||||||||||||||||||||||||||
non-cash interest expense on liability related to the sale of future royalties capitalized into ending property, plant and equipment | 2,680,000 | 2,101,000 | ||||||||||||||||||||||||||||||||||||||||||||||
purchase of mutual funds related to nonqualified deferred compensation plan | -2,458,000 | |||||||||||||||||||||||||||||||||||||||||||||||
contract assets and liabilities | ||||||||||||||||||||||||||||||||||||||||||||||||
receivable related to the daiichi sankyo license agreement | 117,077,000 | -125,550,000 | ||||||||||||||||||||||||||||||||||||||||||||||
purchase of property and equipment | -16,414,000 | -3,780,000 | -4,083,000 | -14,096,000 | -11,500,000 | -5,033,000 | -5,240,000 | -3,059,000 | -1,192,000 | -1,032,000 | -1,377,000 | -475,000 | -899,000 | -1,033,000 | -376,000 | -485,000 | -666,000 | -3,001,000 | -5,044,000 | -1,477,000 | -1,923,000 | -1,978,000 | -595,000 | -459,000 | -453,000 | -439,000 | -688,000 | -569,000 | ||||||||||||||||||||
foreign currency remeasurement loss | -388,000 | 142,000 | -449,000 | 474,000 | 358,000 | -22,000 | 589,000 | |||||||||||||||||||||||||||||||||||||||||
gain from sale of priority review vouchers | 0 | |||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of equity investment | ||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of priority review vouchers | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||
amortization of premium (discount) on investment securities | -809,000 | -919,000 | -674,000 | -239,000 | 1,015,000 | 1,387,000 | 1,828,000 | 1,467,000 | 1,268,000 | 965,000 | 1,048,000 | 917,000 | 479,000 | |||||||||||||||||||||||||||||||||||
change in fair value of investments in equity securities | ||||||||||||||||||||||||||||||||||||||||||||||||
right-of-use assets | -508,000 | -1,231,000 | -5,522,000 | 1,619,000 | -10,320,000 | -6,880,000 | ||||||||||||||||||||||||||||||||||||||||||
lease liabilities | 920,000 | 1,169,000 | 5,511,000 | -1,519,000 | -1,451,000 | 11,710,000 | 6,812,000 | |||||||||||||||||||||||||||||||||||||||||
purchase of investments | -192,193,000 | -171,102,000 | -285,229,000 | -82,557,000 | -149,179,000 | -200,354,000 | -260,734,000 | -9,747,000 | -91,366,000 | -147,853,000 | -260,830,000 | 3,000 | -23,282,000 | -119,681,000 | -87,527,000 | -130,967,000 | -88,400,000 | -104,993,000 | -118,130,000 | -146,905,000 | -234,917,000 | -165,150,000 | -77,254,000 | -48,030,000 | -31,644,000 | -41,300,000 | -87,998,000 | |||||||||||||||||||||
purchase of investments in equity securities | ||||||||||||||||||||||||||||||||||||||||||||||||
purchase of convertible notes receivable | ||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from the sale of investments | 11,540,000 | 12,250,000 | 16,600,000 | 12,500,000 | 0 | 22,600,000 | 2,701,000 | 6,000,000 | 9,227,000 | 12,415,000 | 39,957,000 | 42,838,000 | 11,494,000 | 43,047,000 | 7,497,000 | 12,766,000 | ||||||||||||||||||||||||||||||||
proceeds from maturities of investments | 93,450,000 | 86,396,000 | 187,600,000 | 153,705,000 | 221,026,000 | 161,507,000 | 140,000,000 | 84,500,000 | 105,902,000 | 51,885,000 | 60,277,000 | 70,799,000 | 48,103,000 | 89,753,000 | 64,977,000 | 77,011,000 | 103,612,000 | 91,185,000 | 131,431,000 | 90,630,000 | 49,062,000 | 47,118,000 | 62,240,000 | 29,463,000 | 15,535,000 | 14,512,000 | 23,462,000 | |||||||||||||||||||||
payment for intangible assets | ||||||||||||||||||||||||||||||||||||||||||||||||
principal repayments of financing leases | -58,000 | -58,000 | -33,000 | |||||||||||||||||||||||||||||||||||||||||||||
amortization of discount on investment securities | 150,000 | -299,000 | -1,971,000 | -2,121,000 | -839,000 | |||||||||||||||||||||||||||||||||||||||||||
change in fair value of investment in arcturus equity securities | -95,200,000 | -7,668,000 | -1,419,000 | -2,166,000 | ||||||||||||||||||||||||||||||||||||||||||||
purchase of investment in arcturus equity securities | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||
net income | -119,025,000 | -93,805,000 | -112,994,000 | -99,172,000 | -96,756,000 | -87,826,000 | -87,310,000 | -52,728,000 | 30,253,000 | -81,731,000 | -79,227,000 | -72,891,000 | -68,290,000 | -71,287,000 | -64,907,000 | -56,923,000 | -52,757,000 | -55,220,000 | -39,232,000 | -29,787,000 | -21,379,000 | -16,738,000 | -15,849,000 | |||||||||||||||||||||||||
adjustments to reconcile net income to net cash from operating activities: | ||||||||||||||||||||||||||||||||||||||||||||||||
foreign currency remeasurement (gain) loss | -544,000 | 7,000 | 1,073,000 | 4,773,000 | ||||||||||||||||||||||||||||||||||||||||||||
right-of-use lease assets | ||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of investments | ||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from the issuance of common stock under equity plan awards | ||||||||||||||||||||||||||||||||||||||||||||||||
repayment of note payable | ||||||||||||||||||||||||||||||||||||||||||||||||
supplemental disclosures of non-cash investing and financing information: | ||||||||||||||||||||||||||||||||||||||||||||||||
acquired lease liabilities arising from obtaining right-of-use lease assets | ||||||||||||||||||||||||||||||||||||||||||||||||
costs of property and equipment included in accounts payable and other liabilities | ||||||||||||||||||||||||||||||||||||||||||||||||
fair value of vested stock options assumed in acquisition | ||||||||||||||||||||||||||||||||||||||||||||||||
prepaid expenses and other current assets | -2,689,000 | -1,906,000 | -2,359,000 | 6,099,000 | 2,375,000 | -17,319,000 | -5,063,000 | -4,098,000 | 291,000 | -461,000 | 930,000 | -1,314,000 | -1,279,000 | -526,000 | -4,028,000 | -736,000 | -2,894,000 | -2,553,000 | -948,000 | -382,000 | -602,000 | -706,000 | -2,391,000 | |||||||||||||||||||||||||
accounts payable | 3,910,000 | -3,493,000 | -151,000 | 3,965,000 | -1,969,000 | 2,693,000 | -1,317,000 | -420,000 | -2,474,000 | 3,364,000 | 2,989,000 | -1,340,000 | 1,017,000 | 187,000 | 2,638,000 | -1,438,000 | -5,321,000 | 4,340,000 | 437,000 | 484,000 | 733,000 | -98,000 | 2,058,000 | |||||||||||||||||||||||||
accrued liabilities and other liabilities | 7,209,000 | 9,498,000 | -12,930,000 | 3,276,000 | 2,752,000 | 5,544,000 | -12,583,000 | -3,081,000 | 4,178,000 | 6,745,000 | -12,470,000 | 9,601,000 | 20,406,000 | 4,051,000 | -1,869,000 | 6,986,000 | 4,115,000 | 664,000 | 1,490,000 | 2,415,000 | -1,186,000 | |||||||||||||||||||||||||||
proceeds from the issuance of common stock from equity plan awards, net of tax | 904,000 | 3,819,000 | 3,897,000 | |||||||||||||||||||||||||||||||||||||||||||||
gain from sale of priority review voucher | -130,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of priority review voucher | 130,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of priority review voucher | ||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from the issuance of common stock in connection with collaboration agreement | ||||||||||||||||||||||||||||||||||||||||||||||||
stock-based compensation capitalized into inventory | ||||||||||||||||||||||||||||||||||||||||||||||||
costs of property and equipment included in accounts payable and accrued liabilities | ||||||||||||||||||||||||||||||||||||||||||||||||
tenant improvement allowance | ||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of common stock in connection with a public offering | 0 | 0 | 270,969,000 | |||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of common stock in connection with at-the-market offering | 15,837,000 | -19,000 | 11,808,000 | 0 | 25,000 | 67,591,000 | ||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of common stock from equity awards | 9,187,000 | 13,187,000 | 3,642,000 | 1,333,000 | 1,501,000 | 1,378,000 | ||||||||||||||||||||||||||||||||||||||||||
amortization of premium on investment securities | 255,000 | 400,000 | 502,000 | 549,000 | ||||||||||||||||||||||||||||||||||||||||||||
non-cash license fee from collaboration arrangement | 0 | |||||||||||||||||||||||||||||||||||||||||||||||
decrease (increase) in restricted cash | 0 | |||||||||||||||||||||||||||||||||||||||||||||||
net increase in cash and cash equivalents | 40,081,000 | 18,840,000 | 87,211,000 | -15,694,000 | -22,806,000 | -73,117,000 | 114,335,000 | -125,689,000 | 153,716,000 | -29,063,000 | 35,935,000 | -37,995,000 | 48,020,000 | |||||||||||||||||||||||||||||||||||
cash and cash equivalents at beginning of year | ||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents at end of year | ||||||||||||||||||||||||||||||||||||||||||||||||
foreign currency remeasurement gain | -3,827,000 | -3,956,000 | -648,000 | |||||||||||||||||||||||||||||||||||||||||||||
increase in restricted cash | 0 | 1,000 | 1,220,000 | 0 | 341,000 | 0 | -1,543,000 | 1,071,000 | 119,000 | -1,358,000 | 0 | -293,000 | ||||||||||||||||||||||||||||||||||||
proceeds from issuance of common stock in connection with collaboration agreement | ||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents at beginning of period | 0 | 0 | 161,120,000 | 0 | 0 | 93,569,000 | 0 | 0 | 24,324,000 | 0 | 0 | 7,427,000 | ||||||||||||||||||||||||||||||||||||
cash and cash equivalents at end of period | -30,344,000 | -68,750,000 | 159,501,000 | 87,211,000 | -15,694,000 | 70,763,000 | 114,335,000 | -125,689,000 | 178,040,000 | 35,935,000 | -37,995,000 | 55,447,000 | ||||||||||||||||||||||||||||||||||||
net decrease in cash and cash equivalents | -68,750,000 | -1,619,000 | ||||||||||||||||||||||||||||||||||||||||||||||
revaluation of convertible preferred stock warrant liability | 0 | 0 | 0 | 3,324,000 | ||||||||||||||||||||||||||||||||||||||||||||
proceeds from the issuance of common stock from equity awards | ||||||||||||||||||||||||||||||||||||||||||||||||
payment of preferred stock dividend | 0 | 0 | 0 | -4,346,000 | ||||||||||||||||||||||||||||||||||||||||||||
reclassification of warrant liability to equity upon conversion to common stock warrants | ||||||||||||||||||||||||||||||||||||||||||||||||
conversion of series a and series b preferred stock to common stock | 0 | 0 | 0 | 129,360,000 | ||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of common stock in connection with underwritten public offerings | ||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of common stock | -25,000 | 314,000 | 887,000 | |||||||||||||||||||||||||||||||||||||||||||||
accrued expenses and other liabilities | ||||||||||||||||||||||||||||||||||||||||||||||||
costs of fixed assets included in accounts payable and accrued liabilities | ||||||||||||||||||||||||||||||||||||||||||||||||
costs of fixed assets included in accounts payable | ||||||||||||||||||||||||||||||||||||||||||||||||
and accrued liabilities | -24,000 | |||||||||||||||||||||||||||||||||||||||||||||||
reclassification of warrant liability to equity upon conversion to | ||||||||||||||||||||||||||||||||||||||||||||||||
common stock warrants | 0 | 0 | 6,743,000 | |||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of common stock, net of issuance costs | 2,595,000 | 175,440,000 | ||||||||||||||||||||||||||||||||||||||||||||||
accrued expenses, deferred rent and other liabilities | ||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of convertible preferred stock | ||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of promissory notes | ||||||||||||||||||||||||||||||||||||||||||||||||
issuance of series a redeemable convertible preferred stock in lieu of cash dividend | ||||||||||||||||||||||||||||||||||||||||||||||||
sale of investments | ||||||||||||||||||||||||||||||||||||||||||||||||
net proceeds from issuance of common stock, net of issuance costs | ||||||||||||||||||||||||||||||||||||||||||||||||
net proceeds from issuance of common stock | 10,000 | 126,100,000 | ||||||||||||||||||||||||||||||||||||||||||||||
noncash interest expense | ||||||||||||||||||||||||||||||||||||||||||||||||
net proceeds from issuance of convertible preferred stock | ||||||||||||||||||||||||||||||||||||||||||||||||
issuance of convertible preferred stock warrants | ||||||||||||||||||||||||||||||||||||||||||||||||
issuance of series a redeemable convertible preferred stock in lieu | ||||||||||||||||||||||||||||||||||||||||||||||||
of cash dividend | ||||||||||||||||||||||||||||||||||||||||||||||||
conversion of interest accrued on promissory notes into series a | ||||||||||||||||||||||||||||||||||||||||||||||||
redeemable convertible preferred stock | ||||||||||||||||||||||||||||||||||||||||||||||||
conversion of promissory notes into series a redeemable | ||||||||||||||||||||||||||||||||||||||||||||||||
convertible preferred stock | ||||||||||||||||||||||||||||||||||||||||||||||||
decrease in restricted cash |
