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Segment Reporting (Tables)

12 Months Ended

Dec. 31, 2024

Segment Reporting [Abstract]

Summary of Reportable Revenues by Geographic Regions

Revenues by geographic regions are based upon the customers’ ship-to address for product revenue, the region of testing for testing services revenue and the region where the performance obligation is satisfied for patient and digital solutions revenue. The following table summarizes reportable revenues by geographic regions (in thousands):

			Year Ended December 31,
			2024						2023						2022
Testing services revenue
United States			$	248,247					$	209,158					$	262,959
Rest of World			1,134						527						789
			$	249,381					$	209,685					$	263,748
Product revenue
United States			$	26,024					$	19,753					$	16,409
Europe			10,549						9,901						9,081
Rest of World			4,210						3,863						3,761
			$	40,783					$	33,517					$	29,251
Patient and digital solutions revenue
United States			$	43,461					$	36,719					$	28,175
Europe			120						266						468
Rest of World			40						137						151
			$	43,621					$	37,122					$	28,794
Total revenue
Total United States			$	317,732					$	265,630					$	307,543
Total Europe			$	10,669					$	10,167					$	9,549
Total Rest of World			$	5,384					$	4,527					$	4,701
			$	333,785					$	280,324					$	321,793

Summary of Long-Lived Assets Consisting of Property and Equipment, Net by Geographic Regions

The following table summarizes long-lived assets, consisting of property and equipment, net, by geographic regions (in thousands):

			December 31, 2024						December 31, 2023
Long-lived assets:
United States			$	33,286					$	34,714
Europe			258						476
Rest of World			8						56
Total			$	33,552					$	35,246

Reconciliation of Revenue to Net Profit (Loss)

The following table summarizes the reconciliation to net income (loss) (in thousands):

			Year Ended December 31,
			2024						2023						2022
Revenue:
Testing services revenue			$	249,381					$	209,685					$	263,748
Product revenue			40,783						33,517						29,251
Patient and digital revenue			43,621						37,122						28,794
Total revenue			333,785						280,324						321,793
Less:
Cost of testing services1			52,734						54,472						69,441
Cost of product1			20,904						15,672						14,803
Cost of patient and digital solutions			28,502						23,631						20,011
Personnel cost			116,251						103,354						109,216
Professional and legal fees			42,655						63,695						60,575
Research materials and clinical trials expense			14,653						18,277						17,452
Depreciation and amortization expense			12,455						12,413						9,729
Stock-based compensation expense			66,406						49,086						46,553
Litigation expense			(96,300)						96,300						—
Other segment items2			34,741						45,575						54,388
Interest income, net			(11,765)						(11,867)						(3,762)
Segment and consolidated net income (loss)			$	52,549					$	(190,284)					$	(76,613)

1 Cost of testing services and cost of product include depreciation expense.

2 Other segment items include the following: restructuring costs, acquisition costs, software expenses, corporate expenses, rent and maintenance expense, travel and event related expense, and other expenses (income).

X

- Definition

Tabular disclosure of long-lived assets, excluding financial instruments, long-term customer relationships of a financial institution, mortgage rights, deferred policy acquisition costs, and deferred tax assets, by geographic areas located in the entity's country of domicile and foreign countries in which the entity holds assets.

+ References

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-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 41
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-41

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Tabular disclosure of revenue from external customers by geographic areas attributed to the entity's country of domicile and to foreign countries from which the entity derives revenue.

+ References

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-Topic 280
-SubTopic 10
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-Section 50
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Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

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