v3.26.1
Segments
 3 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
Segments
20.
SEGMENTS

Segment Information—Operating segments are defined as components of an enterprise about which separate financial information is available that is evaluated regularly by the chief operating decision maker in deciding how to allocate resources and in assessing performance. The Company operates as one operating segment. The Company’s Chief Operating Decision Maker ("CODM") is the Chief Executive Officer who reviews financial information presented on a consolidated basis. The CODM uses information about the Company’s consolidated net income (loss) to allocate operating and capital resources and assesses performance of the business by comparing actual net income (loss) results to historical results and previously forecasted financial information. The CODM does not regularly review financial information for individual revenue streams, sales channels, or geographic regions that would allow decisions to be made about the allocation of resources or performance. The Company generates substantially all of its revenue from long-term service agreements and sales of Biote-branded dietary supplements.

The following table presents selected financial information with respect to the Company’s single operating segment:

 

 

Three Months Ended March 31,

 

(in thousands)

 

2026

 

 

2025

 

Total Revenue

 

$

44,935

 

 

$

48,992

 

Costs and Expenses:

 

 

 

 

 

 

Cost of revenue

 

 

13,982

 

 

 

12,610

 

General and administrative

 

 

8,917

 

 

 

6,268

 

Marketing expense

 

 

2,206

 

 

 

2,337

 

Employee-related costs

 

 

12,785

 

 

 

12,665

 

Depreciation and amortization

 

 

776

 

 

 

846

 

Other (income) expense, net

 

 

(172

)

 

 

(7,765

)

Income tax expense

 

 

662

 

 

 

1,616

 

Other segment items(1)

 

 

3,103

 

 

 

4,576

 

Net income

 

$

2,676

 

 

$

15,839

 

(1)Other segment items include other operating and maintenance costs and outsourcing costs, such as rent, utilities, merchant fees, contract labor and consulting fees.

See the consolidated financial statements for other financial information regarding the Company’s operating segment.

Total U.S. revenues were $44.7 million and $48.7 million for the three months ended March 31, 2026 and 2025, respectively. See Note 3 Revenue Recognition for additional information about the Company’s revenue by region.

The Company's long-lived tangible assets, as well as its operating lease right-of-use assets recognized on the unaudited condensed consolidated balance sheets were located in the U.S.