v3.26.1
Segments
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Segments
8. Segments
General Information
The Company has a
single
operating segment, which was determined based on the chief operating decision maker (“CODM”), which is our Chief Executive Officer, assessing performance and allocating resources on a consolidated basis.
The operating segment derives its revenues primarily through sales of pharmaceutical products. All long-lived assets were held in the United States as of December 31, 2025 and June 30, 2026. All revenues were generated in the United States during the three and six months ended June 30, 2025 and 2026.
Measure of segment profit or loss and assets
The CODM assesses performance of the operating segment and decides how to allocate resources based on net income, which also is reported on the consolidated statements of operations as net income. In addition to comparing net income against forecasted net income, the CODM uses net income to evaluate income generated from segment assets (return on assets) in deciding whether to reinvest profits into the operating segment or expansion of the operating segment through acquisitions.
The measure of operating segment assets is reported on the consolidated balance sheets as total assets. The accounting policies of the operating segment are the same as those of the Company.
Reportable segment reconciliation
The following reconciliation presents operating segment revenue, net income, and s
ign
ificant segment expenses:
 
    
Three Months Ended

June 30,
   
Six Months Ended

June 30,
    
2025
   
2026
   
2025
   
2026
 Revenue
     $    344,334        $    351,768        $    673,642        $    688,363   
 Less:
            
Employee expenses (excluding
share-based compensation
expense)
      75,642         86,174         148,022         167,193   
Share-based compensation expense
      4,446         2,933         8,414         4,793   
Other segment items (1)
      245,998         226,906         480,415         456,200   
Depreciation and amortization
      5,489         5,809         10,756         11,784   
Interest expense
      172         154         342         308   
Income taxes
      3,760         7,671         7,593         12,420   
  
 
 
 
   
 
 
 
   
 
 
 
   
 
 
 
 Segment net income
     $ 8,827        $ 22,121        $ 18,100        $ 35,665   
  
 
 
 
   
 
 
 
   
 
 
 
   
 
 
 
 Reconciliation of net income to consolidated
 statements of operations
            
 Adjustments and reconciling items
      —        —        —        —  
 Consolidated net income
     $ 8,827        $ 22,121        $ 18,100        $ 35,665   
  
 
 
 
   
 
 
 
   
 
 
 
   
 
 
 
(1) Other segment items included in operating segment net income include product expenses, legal expenses and settlements, rent and auto lease expenses, utilities expenses, maintenance expenses, and other overhead expenses.