Segment Information

9 Months Ended

Sep. 30, 2025

13. Segment Information

The Company has viewed its operations and manages its business as one operating and reporting segment. Operating segments are identified as components of an enterprise for which separate discrete financial information is available for evaluation by the Company’s chief operating decision maker (“CODM”) to make decisions with respect to resource allocation and assessment of performance. The Company’s CODM is its Chief Executive Officer (the “CEO”), who reviews and evaluates consolidated net loss for purposes of assessing performance, making operating decisions, allocating resources, and planning and forecasting for future periods. The determination of a single segment is consistent with the financial information regularly reviewed by the CEO.

The CEO regularly reviews the condensed consolidated statement of operations and a disaggregation of operating expenses, of which the significant expenses are related to research and development. The following table represents the significant segment expenses regularly provided to the CEO:


	For the Nine Months Ended September 30,
	2025		2024
Research and Development
Research	$	4,016	$	4,370
Development		37,611	$	26,583
Personnel related		10,431	$	10,563
Stock-based compensation		1,992	$	3,244
Total research and development		54,050	$	44,760
General and administration
Personnel related	$	4,239	$	4,168
Stock-based compensation		2,566		4,355
External		6,109		6,997
Total general and administrative		12,914		15,520
Loss from Operations	$	66,964	$	60,280

- 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

PMV Pharmaceuticals, Inc. 10-Q