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

Operating segments are defined as components of an enterprise that engage in business activities for which discrete financial information is available that is evaluated regularly by the chief operating decision makers (“CODM”) and is used in resource allocation and performance assessments.
The Company has identified two operating and reportable segments – Logistics and Clinical. Our co-Chief Executive Officers, who serve as the CODMs, regularly review discrete financial information for these two reportable segments. Gross profit is the measure of segment performance used by the CODMs. The CODMs consider budget-to-actual variances and year-over-year changes in Gross profit when making resource allocation decisions across our segments. Gross profit reflects the operational efficiency and core results of our segments, independent of tax implications and non-operational financial factors. Assets are managed on an entity-wide basis and are not allocated to or reviewed at the reportable segment level. Accordingly, the Company does not report asset information by segments.

The following table reflects certain financial data of the Company’s reportable segments and includes the reconciliation to loss from continuing operations before income taxes.
Three Months Ended June 30,Six Months Ended
June 30,
2026202520262025
Logistics:
Revenue$48,240 $45,108 $95,839 $81,056 
Cost of revenue39,352 36,101 77,786 64,996 
Gross profit$8,888 $9,007 $18,053 $16,060 
Clinical:
Revenue$24,266 $— $44,051 $— 
Cost of revenue17,939 — 32,772 — 
Gross profit$6,327 $— $11,279 $— 
Consolidated:
Revenue$72,506 $45,108 $139,890 $81,056 
Cost of revenue57,291 36,101 110,558 64,996 
Gross profit$15,215 $9,007 $29,332 $16,060 
Reconciliation from the measure of segments performance to loss from consolidated operations before income taxes
Three Months Ended June 30,Six Months Ended
June 30,
2026202520262025
Gross profit$15,215 $9,007 $29,332 $16,060 
Less:
Selling, general and administrative
13,996 13,292 29,601 25,622 
Amortization of intangible assets
6,627 356 8,113 764 
Operating loss from continuing operations(5,408)(4,641)(8,382)(10,326)
Plus (less):
Interest income, net331 1,155 804 2,476 
Change in fair value of warrant liabilities71 77 1,530 2,829 
Change in fair value of assets and other liabilities(5,510)— (2,066)— 
Loss from continuing operations before income taxes$(10,516)$(3,409)$(8,114)$(5,021)

June 30, 2026December 31,
2025
Goodwill
Logistics$15,540 $15,540 
Clinical91,406 72,670 
Total Goodwill$106,946 $88,210