v3.25.2
Segments (Tables)
6 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
Summary of the Segment Profit or Loss, Including Significant Segment Expenses

The following table is a summary of the segment profit or loss, including significant segment expenses (in thousands):

 

 

Three Months Ended
June 30,

 

 

Six Months Ended
June 30,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Segment expenses:

 

 

 

 

 

 

 

 

 

 

 

 

Trem-cel(a)

 

$

3,095

 

 

$

3,619

 

 

$

9,477

 

 

$

8,480

 

VCAR33(a)

 

 

2,419

 

 

 

1,762

 

 

 

6,055

 

 

 

4,362

 

Other research and development(a)

 

 

225,144

 

 

 

3,177

 

 

 

228,139

 

 

 

6,294

 

Salaries and benefits

 

 

17,863

 

 

 

10,404

 

 

 

29,476

 

 

 

22,517

 

General corporate activities

 

 

16,694

 

 

 

4,947

 

 

 

21,863

 

 

 

10,246

 

Other segment items(b)

 

 

1,308,454

 

 

 

3,930

 

 

 

1,311,145

 

 

 

6,744

 

Segment expenses:

 

 

1,573,669

 

 

 

27,839

 

 

 

1,606,155

 

 

 

58,643

 

Segment net loss

 

$

(1,573,669

)

 

$

(27,839

)

 

$

(1,606,155

)

 

$

(58,643

)

 

(a) Includes only external research and development expenditures.

(b) Other segment items are primarily comprised of taxes, interest income on marketable securities and certain non-cash expenses such as change in fair value of warrant liabilities, stock-based compensation, depreciation expense, and non-cash lease expense.