Segment Information and Geographic Data

9 Months Ended

Sep. 30, 2025

Segment Information and Geographic Data

14. Segment Information and Geographic Data

The Company manages its operations as a single operating segment for the purposes of assessing performance and making operating decisions. The Company’s singular focus is on developing and commercializing novel therapies that target cardiovascular diseases with significant unmet medical need. The Company’s Chief Operating Decision Maker (“CODM”) is the Chief Executive Officer. The Company’s CODM reviews consolidated operating results and decides how to allocate resources based on net income that also is reported on the income statement as consolidated net income. The measure of segment assets is reported on the balance sheet as total consolidated assets. The CODM utilizes net income to make key decisions about how to allocate resources across the Company’s commercial product and development programs.

The following table presents selected financial information with respect to the Company’s single operating segment for the three and nine months ended September 30, 2025 and 2024:


	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2025		2024		2025		2024
Revenue:
Product revenue, net	$	180,855	$	112,214	$	475,437	$	294,493
License and collaboration revenue		-		-		-		6,210
Total revenue		180,855		112,214		475,437		300,703
Operating expenses:
Cost of goods sold		20,257		20,109		56,728		43,014
Collaboration expenses		63,307		29,307		159,515		80,122
Direct research and development expenses by program:
ARCALYST		269		245		795		955
KPL-387		11,380		6,827		25,043		9,545
KPL-1161		1,792		260		2,262		360
Abiprubart		708		8,485		5,710		35,942
Vixarelimab		-		161		-		1,194
Mavrilimumab		-		4		120		382
Unallocated research and development expenses		10,017		10,075		28,314		28,030
Selling, general and administrative		49,104		46,399		139,497		127,476
Total operating expenses		156,834		121,872		417,984		327,020
Other income (1)		3,136		2,457		8,146		7,144
Income (loss) before income taxes		27,157		(7,201)		65,599		(19,173)
Provision for income taxes		(8,722)		(5,492)		(20,793)		(15,132)
Net income (loss)	$	18,435	$	(12,693)	$	44,806	$	(34,305)

Other significant noncash items:
Share-based compensation expense	$	10,144	$	7,826	$	26,768	$	22,395
Non-cash lease expense		944		754		2,703		2,369
Deferred income taxes		4,227		(3,639)		9,864		11,295

(1)	Includes interest income of $3,149 and $8,170 for the three and nine months ended September 30, 2025, respectively. Includes interest income of $2,287 and $6,781 for the three and nine months ended September 30, 2024, respectively.

The following table presents total revenue by geographic region of the customer for the three and nine months ended September 30, 2025 and 2024:


	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2025		2024		2025		2024
Revenue:
United States	$	180,709	$	111,937	$	474,811	$	299,255
United Kingdom		146		277		626		573
Rest of world		-		-		-		875
Total revenue	$	180,855	$	112,214	$	475,437	$	300,703

The following table presents property and equipment, net by geographic region (in thousands):


	September 30,		December 31,
	2025		2024
Property and Equipment, net
United States	$	1,387	$	313
United Kingdom		81		99
Rest of world		187		250
Total property and equipment, net	$	1,655	$	662

- 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.

+ References

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+ Details

Kiniksa Pharmaceuticals International, plc 10-Q