v3.26.1
Segment Reporting (Tables)
6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Schedule of Segment Expenses, Other Segment Items, and Segment Net Loss

The following table presents segment expenses, other segment items, and segment net loss for the periods presented:

 

 

 

Three Months Ended
June 30,

 

 

Six Months Ended
June 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Segment expenses:

 

 

 

 

 

 

 

 

 

 

 

 

SGT-003

 

$

24,516

 

 

$

12,219

 

 

$

47,458

 

 

$

21,385

 

SGT-501

 

 

903

 

 

 

2,223

 

 

 

2,310

 

 

 

6,689

 

SGT-212

 

 

2,364

 

 

 

1,145

 

 

 

5,680

 

 

 

1,970

 

External R&D other

 

 

1,983

 

 

 

3,116

 

 

 

4,840

 

 

 

5,886

 

Internal R&D expense(1)

 

 

9,060

 

 

 

6,765

 

 

 

18,211

 

 

 

13,608

 

External G&A expense

 

 

6,327

 

 

 

5,279

 

 

 

11,795

 

 

 

10,156

 

Internal G&A expense(1)

 

 

4,734

 

 

 

3,360

 

 

 

8,600

 

 

 

6,823

 

Other segment items(2)

 

 

7,497

 

 

 

7,586

 

 

 

15,798

 

 

 

15,228

 

Other income, net

 

 

(2,585

)

 

 

(2,213

)

 

 

(3,156

)

 

 

(2,983

)

Condensed consolidated net loss

 

$

(54,799

)

 

$

(39,480

)

 

$

(111,536

)

 

$

(78,762

)

 

(1)

Internal expenses consisted primarily of payroll and related costs, temporary services, and travel and entertainment.

(2)

Other segment items primarily included other program costs, equity-based compensation expense, and depreciation and amortization expense.