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Segment Information (Tables)
3 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
Summary of Segment Information

The following table reconciles segment direct profit or loss to the Company’s consolidated results (in thousands):

 

 

Three Months Ended March 31,

 

 

 

2025

 

 

2024

 

Revenue

 

$

158,569

 

 

$

4,216

 

 

 

 

 

 

 

 

Zorevunersen(1)

 

 

17,674

 

 

 

8,780

 

ADOA(1)

 

 

1,201

 

 

 

1,722

 

SYNGAP1(1)

 

 

342

 

 

 

284

 

MECP2(1)

 

 

147

 

 

 

242

 

Other external program costs

 

 

1,829

 

 

 

2,043

 

Payroll and other personnel costs - R&D (2)

 

 

11,012

 

 

 

8,163

 

Payroll and other personnel costs - G&A (2)

 

 

8,929

 

 

 

6,850

 

Other non-program costs - R&D (3)

 

 

1,407

 

 

 

1,460

 

Other non-program costs - G&A (3)

 

 

4,788

 

 

 

3,044

 

Subtotal

 

 

(47,329

)

 

 

(32,588

)

Other segment items

 

 

 

 

 

 

Interest expense

 

 

(1

)

 

 

(22

)

Interest income

 

 

2,890

 

 

 

2,448

 

Other income (expense)

 

 

28

 

 

 

(428

)

Provision for income taxes

 

 

(1,278

)

 

 

 

Total other segment items

 

 

1,639

 

 

 

1,998

 

Segment net income (loss)

 

$

112,879

 

 

$

(26,374

)

(1) Includes external research and development and general and administrative expenses associated with programs.

(2) Includes salaries, benefits and other personnel related expenses, including stock based compensation expense, of relevant personnel.

(3) Includes costs incurred for conducting non-program activities related to Company activities.