Segment and Geographic Information (Tables)

12 Months Ended

Dec. 31, 2025

Summary of Selected Financial Information

The following table presents selected financial information related to our single reportable segment for the years ended December 31, 2025, 2024, and 2023 (in thousands):


	Year Ended December 31,
	2025			2024			2023
Revenues	$	114,196		$	103,463		$	156,314

Operating expenses:
External expenses		(70,213	)		(133,683	)		(202,205	)
Payroll related expenses		(39,664	)		(61,814	)		(75,955	)
Other operating expenses		(24,488	)		(28,441	)		(37,703	)
Operating loss		(20,169	)		(120,475	)		(159,549	)

Other income (expense):
Interest expense		(55,618	)		(120,421	)		(103,859	)
Interest income		345			2,795			5,934
Other income		72,359			5,830			37
Net loss	$	(3,083	)	$	(232,271	)	$	(257,437	)

Revenue by Geographic Areas

The following is geographical information regarding our revenues for the years ended December 31, 2025, 2024 and 2023 and our long-lived assets as of December 31, 2025 and 2024 (in thousands):


	2025		2024		2023
Revenue:
United States	$	113,160	$	101,460	$	153,336
Rest of world		1,036		2,003		2,978
	$	114,196	$	103,463	$	156,314

Long-lived Assets by Geographic Areas

In the table above, revenue by geographic region is allocated based on the domicile of our respective business operations.


	2025		2024
Long-lived Assets:
United States	$	17,602	$	122,887
Rest of world		1,175		3,034
Total	$	18,777	$	125,921

AGENUS INC 10-K