v3.26.1
Segment Information
 3 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
Segment Information

13. Segment Information

The Company's CODM is its CEO and senior leadership team. All of the Company’s operating results are reviewed by the Company’s CODM within the same statement of operations and comprehensive loss whether research and development (by program) or general and administrative in nature. Accordingly, the Company has determined that it has a single reportable segment and operating segment structure. The Company's CODM regularly reviews total expenses and expenses by significant areas such as departments and programs to make decisions when evaluating the Company's financial performance. The Company does not evaluate performance or allocate resources based on segment asset data and therefore such information is not presented. All long-lived assets are located in the United States.

The following table contains additional information on the Company's net loss, including significant segment expenses for the three months ended March 31, 2026 and March 31, 2025:

 

Three Months Ended March 31,

 

 

2026

 

 

2025

 

Research and development expense

 

 

 

 

 

LX2006

$

6,671

 

 

$

3,810

 

LX2020

 

1,694

 

 

 

4,729

 

Other programs

 

668

 

 

 

766

 

Employee compensation expenses

 

3,714

 

 

 

4,371

 

Lab-related costs and supplies

 

463

 

 

 

332

 

All other research and development expense

 

2,493

 

 

 

3,163

 

General and administrative expense

 

 

 

 

 

Employee compensation expenses

 

1,921

 

 

 

4,069

 

All other general and administrative expense

 

4,709

 

 

 

12,565

 

Other income and expense, net

 

(2,137

)

 

 

(1,149

)

Net loss

$

(20,196

)

 

$

(32,656

)