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Segment Information
9 Months Ended
Sep. 30, 2025
Segment Reporting [Abstract]  
Segment Information Segment Information
Segment loss

Recursion operates as a single operating segment that is managed on a consolidated basis. The Company’s chief operating decision maker is its Chief Executive Officer. The Company’s chief operating decision maker uses segment net loss to evaluate the performance of its segment, analyze financial trends, compare the budget to the actual operating results and make resource allocation decisions. Segment net loss represents the Company’s consolidated net loss. All corporate costs, global function support costs, overhead costs and other shared costs are included within this segment. Other segment items primarily include general and administrative expenses including facilities, information technology, professional fees (including auditing, tax and legal) and insurance.

The following table presents Recursion’s segment net loss:

Three months ended September 30,Nine months ended September 30,
(In thousands)2025202420252024
Revenue$5,175 $26,082 $39,143 $54,293 
Significant segment expenses
Salaries68,600 55,515 235,190 156,171 
Consumables8,928 19,419 92,725 54,176 
Platform14,377 8,330 36,934 13,102 
Discovery37,049 3,375 58,716 19,115 
Clinical development10,814 9,050 33,338 31,966 
Depreciation and amortization18,708 6,637 64,223 22,982 
Other segment items18,901 22,110 57,815 52,017 
Loss from operations172,202 98,354 539,798 295,236 
Other non-operating income (loss), net9,952 2,679 3,005 9,347 
Income tax benefit(3)(167)156 1,134 
Total segment loss$162,253 $95,842 $536,637 $284,755 
Supplemental asset information
Total expenditures for additions to long-lived assets$39 $4,248 $5,283 $12,633 
Additional Segment Disclosures

Recursion’s revenues are attributed to the following geographic areas based on the location the services are performed:
Three months ended September 30,Nine months ended September 30,
(In thousands)2025202420252024
United States$1,110 $26,082 $22,393 $54,293 
United Kingdom4,065 — 16,750 — 
Total$5,175 $26,082 $39,143 $54,293 

Recursion generates revenue primarily from a single service, research and development services, therefore, the Company does not report additional information on revenue from external customers.

Recursion’s long-lived assets are attributed to the following geographic areas based on their location:

(In thousands)September 30, 2025December 31, 2024
United States$66,571 $78,471 
United Kingdom42,655 56,332 
Canada2,480 2,631 
Other— 3,629