Quarterly report [Sections 13 or 15(d)]

Segment and Geographic Information (Tables)

v3.26.1
Segment and Geographic Information (Tables)
3 Months Ended
Mar. 31, 2026
Segment and Geographic Information  
Schedule of segment information

The table below presents segment information for the three months ended March 31, 2026 and 2025 (in thousands):

Three Months Ended March 31, 

  ​ ​ ​ ​

2026

  ​ ​ ​ ​

2025

Income and revenues

$

12,318

$

15,912

Business development and deal related costs

(818)

(1,055)

Other segment items:

Research and development expenses

(49)

(1,293)

Depreciation of property and equipment

(3)

(3)

Other general and administrative expenses(1)

(11,036)

(7,088)

Gain on lease termination

27

Amortization of intangible assets

(892)

(544)

Gains on acquisitions

3,545

Change in fair value of derivatives related to Castle Creek

12

Interest expense

(3,359)

(3,467)

Other income (expense), net

4,721

(95)

Income tax expense

(1)

Segment and consolidated net income

$

4,465

$

2,367

(1) Other general and administrative expenses for the three months ended March 31, 2026 and 2025 included general and administrative expenses of $11.9 million and $8.1 million, respectively, net of business development and deal related costs and depreciation of property and equipment.

 

Schedule of income and revenue by geographical region

Income and revenue attributed to the following geographic regions based on the location of the partners and licensees was as follows (in thousands):

Three Months Ended March 31, 

  ​ ​ ​ ​

2026

  ​ ​ ​ ​

2025

United States

$

5,622

$

6,095

Switzerland

6,696

5,817

Asia Pacific

 

 

4,000

Total

$

12,318

$

15,912