Segment Information

6 Months Ended

Jun. 30, 2025

12.

Segment Information

The CODM reviews the budget versus actual expense by nature of expense. The following table sets forth our segment loss disclosure for the three and six months ended June 30, 2025 and 2024 (in thousands):


	Three Months Ended June 30,						Six Months Ended June 30,
	2025			2024			2025			2024
R&D – Compensation and benefits (1)	$	3,217		$	3,679		$	6,512		$	7,165
R&D – Clinical trial costs		2,448			2,935			5,298			5,532
R&D – Outsourced services & consulting		3,132			5,363			5,514			10,042
R&D – Lab and pharmacology supplies		256			695			546			1,399
R&D – Other costs (2)		440			465			1,036			898
G&A – Compensation and benefits (1)		1,528			1,645			3,102			3,192
G&A – Professional service fees		810			748			1,807			1,541
G&A – Insurance		202			213			420			243
G&A – Other costs (3)		618			595			1,344			967
Facilities related		2,400			652			4,699			1,304
Stock-based compensation and depreciation		2,010			2,401			4,124			3,991
Total operating expense		17,061			19,391			34,402			36,274
Loss from operations		(17,061	)		(19,391	)		(34,402	)		(36,274	)
Interest and other income, net		1,386			2,415			2,969			3,868
Segment net loss	$	(15,675	)	$	(16,976	)	$	(31,433	)	$	(32,406	)

(1)

Excludes stock-based compensation expense.

(2)

Includes software expense, database subscriptions expense, lab service contract expense, travel expense, and other miscellaneous expenses.

(3)

Includes travel expense, public & investor relations expense, software expense, employee training & development expense, and other miscellaneous expenses.

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

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+ Details

Boundless Bio, Inc. 10-Q