Segment Reporting

6 Months Ended

Jun. 30, 2025

(3) SEGMENT REPORTING

The Company manages its operations as a single operating segment. The Company’s chief operating decision maker (CODM) uses consolidated, single-segment financial information for the purposes of assessing performance, making operating decisions, allocating resources, and planning and forecasting for future periods.

The CODM assesses performance and decides how to allocate resources based on the Company’s consolidated net loss, including key components of research and development costs and general and administrative costs. These measures are used to monitor budget versus actual results and to evaluate the performance of the segment.

The CODM reviews cash, cash equivalents and investments as a measure of segment assets. As of June 30, 2025 and December 31, 2024, the Company’s cash, cash equivalents and investments were $83.5 million and $131.3 million, respectively.

The following table presents the significant segment expenses for the three months ended June 30, 2025 and 2024 (in thousands):


	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2025			2024			2025			2024
Research and development expenses:
Clinical and development costs	$	11,834		$	20,370		$	22,371		$	37,907
Preclinical costs		618			2,334			1,856			3,153
Personnel and related costs		3,582			5,677			11,145			11,573
Stock-based compensation expense		840			4,910			3,845			9,908
Other research costs		1,148			1,362			2,693			3,829
Total research and development expenses		18,022			34,653			41,910			66,370
General and administrative expenses:
Personnel and related costs		1,876			1,805			4,701			3,417
Stock-based compensation expense		1,296			2,342			3,507			4,375
Other general and administrative costs		2,279			2,725			5,175			5,125
Total general and administrative expenses		5,451			6,872			13,383			12,917
Impairment charge:
Impairment of long-lived assets		3,175			—			3,175			—
Total impairment charge		3,175			—			3,175			—
Loss from operations		(26,648	)		(41,525	)		(58,468	)		(79,287	)
Interest income		1,106			2,563			2,589			5,185
Interest expense		(405	)		(429	)		(811	)		(856	)
Other income (expense), net		(2	)		(8	)		(13	)		(22	)
Net loss	$	(25,949	)	$	(39,399	)	$	(56,703	)	$	(74,980	)

- 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

ALX ONCOLOGY HOLDINGS INC 10-Q