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v3.25.1

Segment Information (Tables) | 3 Months Ended
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Mar. 31, 2025
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information | Segment information for the three months ended March 31, 2025 and 2024 is as follows (in thousands):
|  | Three Months Ended March 31, 2025 |
|  | Gyre Pharmaceuticals |  |  | Gyre |  |  | Other |  |  | Consolidated |
Revenues |  | $ | 22,058 |  |  | $ | — |  |  | $ | — |  |  | $ | 22,058 |
Cost of revenues |  |  | 894 |  |  |  | — |  |  |  | — |  |  |  | 894 |
Gross profit |  |  | 21,164 |  |  |  | — |  |  |  | — |  |  |  | 21,164 |
Operating expenses excluding cost of revenues: |  |  |  |  |  |  |  |  |  |  |  |
Selling and marketing |  |  | 10,841 |  |  |  | — |  |  |  | — |  |  |  | 10,841 |
Research and development |  |  | 3,029 |  |  |  | 66 |  |  |  | — |  |  |  | 3,095 |
General and administrative |  |  | 3,556 |  |  |  | 1,396 |  |  |  | 3 |  |  |  | 4,955 |
Total operating expenses excluding cost of revenues |  |  | 17,426 |  |  |  | 1,462 |  |  |  | 3 |  |  |  | 18,891 |
Income (loss) from operations |  |  | 3,738 |  |  |  | (1,462 | ) |  |  | (3 | ) |  |  | 2,273 |
Change in fair value of warrant liability |  |  | — |  |  |  | 2,255 |  |  |  | — |  |  |  | 2,255 |
Other income, net |  |  | 62 |  |  |  | 45 |  |  |  | — |  |  |  | 107 |
Income tax expense |  |  | (901 | ) |  |  | — |  |  |  | — |  |  |  | (901 | )
Net income (loss) |  | $ | 2,899 |  |  | $ | 838 |  |  | $ | (3 | ) |  | $ | 3,734 |
Supplemental disclosure of stock-based compensation expense: |  |  |  |  |  |  |  |  |  |  |  |
General and administrative |  | $ | 78 |  |  | $ | 429 |  |  | $ | — |  |  | $ | 507 |
Stock-based compensation total |  | $ | 78 |  |  | $ | 429 |  |  | $ | — |  |  | $ | 507 |
|  | Three Months Ended March 31, 2024 |
|  | Gyre Pharmaceuticals |  |  | Gyre |  |  | Other |  |  | Consolidated |
Revenues |  | $ | 27,172 |  |  | $ | — |  |  | $ | — |  |  | $ | 27,172 |
Cost of revenues |  |  | 979 |  |  |  | — |  |  |  | — |  |  |  | 979 |
Gross profit |  |  | 26,193 |  |  |  | — |  |  |  | — |  |  |  | 26,193 |
Operating expenses excluding cost of revenues: |  |  |  |  |  |  |  |  |  |  |  |
Selling and marketing |  |  | 12,542 |  |  |  | — |  |  |  | — |  |  |  | 12,542 |
Research and development |  |  | 2,009 |  |  |  | 173 |  |  |  | — |  |  |  | 2,182 |
General and administrative |  |  | 2,257 |  |  |  | 1,141 |  |  |  | — |  |  |  | 3,398 |
Total operating expenses excluding cost of revenues |  |  | 16,808 |  |  |  | 1,314 |  |  |  | — |  |  |  | 18,122 |
Income (loss) from operations |  |  | 9,385 |  |  |  | (1,314 | ) |  |  | — |  |  |  | 8,071 |
Change in fair value of warrant liability |  |  | — |  |  |  | 4,288 |  |  |  | — |  |  |  | 4,288 |
Other income, net |  |  | 62 |  |  |  | 60 |  |  |  | — |  |  |  | 122 |
Income tax expense |  |  | (2,546 | ) |  |  | — |  |  |  | — |  |  |  | (2,546 | )
Net income |  | $ | 6,901 |  |  | $ | 3,034 |  |  | $ | — |  |  | $ | 9,935 |
Supplemental disclosure of stock-based compensation expense: |  |  |  |  |  |  |  |  |  |  |  |
General and administrative |  | $ | — |  |  | $ | 11 |  |  | $ | — |  |  | $ | 11 |
Stock-based compensation total |  | $ | — |  |  | $ | 11 |  |  | $ | — |  |  | $ | 11 |
The table below presents total assets as of March 31, 2025 and December 31, 2024.
|  | March 31, 2025 |
|  | Gyre Pharmaceuticals |  |  | Gyre |  |  | Other |  |  | Consolidated |
Total assets |  | $ | 122,351 |  |  | $ | 7,074 |  |  | $ | 365 |  |  | $ | 129,790 |
|  | December 31, 2024 |
|  | Gyre Pharmaceuticals |  |  | Gyre |  |  | Other |  |  | Consolidated |
Total assets |  | $ | 114,248 |  |  | $ | 10,790 |  |  | $ | 368 |  |  | $ | 125,406 |
The table below only includes cash outflows for the purchase of property and equipment and excludes non-cash activities.
|  | Three Months Ended March 31, 2025 |
|  | Gyre Pharmaceuticals |  |  | Gyre |  |  | Other |  |  | Consolidated |
Purchase of property and equipment |  | $ | 122 |  |  | $ | — |  |  | $ | — |  |  | $ | 122 |
|  | Three Months Ended March 31, 2024 |
|  | Gyre Pharmaceuticals |  |  | Gyre |  |  | Other |  |  | Consolidated |
Purchase of property and equipment |  | $ | 217 |  |  | $ | 14 |  |  | $ | — |  |  | $ | 231 |

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- Definition 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 Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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