SEGMENT REPORTING

9 Months Ended

Sep. 30, 2025

NOTE 9 SEGMENT REPORTING

There have been no changes in the Company’s assessment of the basis of segmentation or in the basis of measurement of segment profit or loss since the Company’s Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 3, 2025.


	Three months ended September 30,				Nine Months Ended September 30,
	2025		2024		2025		2024
Operating expenses:
Contracted research expense	$	22,623	$	20,211	$	62,939	$	58,328
Personnel expense		11,079		8,650		32,596		24,385
Stock-based compensation expense		8,085		6,881		24,877		16,976
Other segment expense^(a)		4,548		4,152		13,456		12,112
Depreciation		523		538		1,559		1,491
Segment net loss		(46,858)		(40,432)		(135,427)		(113,292)

Reconciliation of net loss
Interest income		6,192		6,303		17,848		19,141
Net Loss	$	(40,666)	$	(34,129)	$	(117,579)	$	(94,151)

^aOther segment expense included in Segment net loss includes contracted administrative expenses, intellectual property fees, software costs, occupancy & equipment costs, and other overhead 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

Edgewise Therapeutics, Inc. 10-Q