v3.26.1
Segment Information
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Segment Information

9. Segment Information

The Company's chief operating decision maker, or CODM, the Chief Executive Officer, manages the Company’s business activities as a single reportable segment. The segment derives its current revenues from the sale of VOQUEZNA products. Accordingly, the CODM uses net income (loss) to measure segment profit or loss, allocate resources and assess performance. Further, the CODM reviews and utilizes functional expenses (research and development, general and administrative, sales and marketing and stock-based compensation) to manage the Company’s operations. Other segment items included in net loss are interest income, interest expense and other expense, which are reflected in the condensed statements of operations and comprehensive loss. The measure of segment assets is reported on the condensed balance sheets as total assets.

The following table presents selected financial information with respect to the Company’s single operating segment for the six months ended June 30, 2026 and 2025 (in thousands):

 

 

Six Months Ended
June 30,

 

 

 

2026

 

 

2025

 

Product revenue, net

 

$

132,575

 

 

$

68,023

 

Less:

 

 

 

 

 

 

Cost of revenue

 

 

27,091

 

 

 

8,762

 

Research and development

 

 

13,660

 

 

 

15,280

 

General and administrative

 

 

15,187

 

 

 

19,521

 

Sales and marketing

 

 

83,833

 

 

 

149,434

 

Stock-based compensation

 

 

12,246

 

 

 

13,812

 

Interest income

 

 

(3,246

)

 

 

(4,427

)

Interest expense

 

 

30,900

 

 

 

35,588

 

Other expense, net

 

 

855

 

 

 

179

 

Segment net loss

 

$

(47,951

)

 

$

(170,126

)