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

14. Segment Information

The Company reports segment information using the management approach and views its operations and manages its business as a single operating segment. The Company’s Chief Operating Decision Maker (“CODM”), who is the Chief Executive Officer, allocates resources and evaluates the performance of the operating segment based on historical and projected product sales, segment operating expenses, and consolidated net loss, as reflected in the accompanying condensed consolidated statements of operations and comprehensive loss, which is the segment measure of loss.

The segment reports that are provided to the CODM are tracked against the Company’s internally budgeted expenses. The segment operating expense categories consist primarily of the Company’s functional departments: clinical, development, medical affairs, sales and marketing, and general and administrative. The CODM does not review assets when evaluating the operating segment’s performance; therefore, this information is not presented.

Segment reporting for the three months ended March 31, 2026 and 2025 (in thousands):

 

 

Three Months Ended March 31,

 

 

 

2026

 

 

2025

 

Total revenue

 

$

22,681

 

 

$

7,973

 

Less segment operating expenses:

 

 

 

 

 

 

Cost of goods sold

 

 

6,286

 

 

 

1,094

 

Clinical

 

 

1,783

 

 

 

1,204

 

Development

 

 

1,726

 

 

 

1,101

 

Medical affairs

 

 

1,214

 

 

 

945

 

Sales and marketing

 

 

55,959

 

 

 

26,757

 

General and administrative

 

 

8,377

 

 

 

8,719

 

Stock-based compensation

 

 

7,423

 

 

 

5,298

 

Other segment operating expenses

 

 

58

 

 

 

32

 

Other segment (income) expense:

 

 

 

 

 

 

Interest income

 

 

(1,968

)

 

 

(3,237

)

Interest expense

 

 

2,441

 

 

 

 

Segment net loss

 

$

(60,618

)

 

$

(33,940

)

The following table summarizes revenue by geographic area based on the customers’ location (in thousands):

 

 

Three Months Ended March 31,

 

 

 

2026

 

 

2025

 

United States

 

$

17,452

 

 

$

7,763

 

Denmark

 

 

2,777

 

 

 

210

 

Rest of world

 

 

2,452

 

 

 

 

Total revenue

 

$

22,681

 

 

$

7,973