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

Revenues, Net (Tables)

v3.26.1
Revenues, Net (Tables)
12 Months Ended
Dec. 31, 2025
Revenue from Contract with Customer [Abstract]  
Summary of revenues disaggregated by category

Revenues, net by category were as follows (in thousands):

 

 

Years ended December 31,

 

2025

 

 

2024

 

Endari® - US

$

9,048

 

 

73

%

 

$

13,478

 

 

81

%

Endari® - International

 

3,180

 

 

25

%

 

 

2,669

 

 

16

%

Other

 

225

 

 

2

%

 

 

506

 

 

3

%

Revenues, net

 

12,453

 

 

100

%

 

 

16,653

 

 

100

%

Revenue Allowance and Accrual Activities

The following table summarizes the revenue allowance and accrual activities for the years ended December 31, 2025 and 2024 (in thousands). Approximately $33 thousand of trade discounts, allowances and charge-backs and returns are included in accounts receivable, net and $8.5 million of trade discounts, allowances and charge-backs, government rebates and other incentives, and returns are included in accounts payable and accrued expenses in the consolidated balance sheets:

 

Trade Discounts, Allowances and Chargebacks

 

 

Government Rebates and Other Incentives

 

 

Returns

 

 

Total

 

Balance as of December 31, 2023

 

$

1,212

 

 

$

5,658

 

 

$

863

 

 

 

7,733

 

Provision related to sales in the current year

 

 

1,228

 

 

 

3,566

 

 

 

153

 

 

 

4,947

 

Adjustments related to prior period sales

 

 

(72

)

 

 

23

 

 

 

47

 

 

 

(2

)

Credit and payments made

 

 

(1,233

)

 

 

(2,435

)

 

 

(925

)

 

 

(4,593

)

Balance as of December 31, 2024

 

 

1,135

 

 

 

6,812

 

 

 

138

 

 

 

8,085

 

Provision related to sales in the current year

 

 

836

 

 

 

3,033

 

 

 

111

 

 

 

3,980

 

Adjustments related to prior period sales

 

 

(2

)

 

 

32

 

 

 

 

 

 

30

 

Credit and payments made

 

 

(940

)

 

 

(1,748

)

 

 

(71

)

 

 

(2,759

)

Balance as of December 31, 2025

 

$

1,029

 

 

$

8,129

 

 

$

178

 

 

$

9,336

 

Summarizes revenues from each of our customers accounted for 10% or more of net revenues

The following table summarizes revenue attributable to each of the customers that accounted for 10% or more of net revenues in either of the period shown:

 

 

Years Ended December 31,

 

 

2025

 

 

2024

 

Customer A

 

 

13

%

 

 

22

%

Customer B

 

 

23

%

 

 

23

%

Customer C

 

 

14

%

 

 

8

%

Customer D

 

 

12

%

 

 

18

%

Total

 

 

62

%

 

 

71

%