v3.25.4

Segment information | 9 Months Ended
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Dec. 31, 2025
Segment Reporting [Abstract] |
Segment information | Segment information The Company manages its operations as a single operating and reportable segment with a focus on developing and commercializing novel oncolytic immunotherapies in order to treat cancer. The Company defines its segments on the basis of the way in which internally reported financial information is regularly reviewed to analyze financial performance and make operating decisions. The Company’s Chief Operating Decision Maker ("CODM") is the Chief Executive Officer. The CODM reviews consolidated operating results, and uses the Company's loss from operations and consolidated net income (loss), in order to monitor actual results as compared to the budget, and to determine how best to allocate the Company's operating and capital resources, specifically as it relates to the Company's development programs. The following table presents selected financial information with respect to the Company's single operating segment, including significant segment expenses by program, for the three and nine months ended December 31, 2025 and 2024:
| Three Months Ended December 31, |  | Nine Months Ended December 31,
| 2025 |  | 2024 |  | 2025 |  | 2024
Operating expenses: | (Amounts in thousands)
Direct research and development expenses by program: |  |  |  |  |  |  |
RP1 program costs by study: |  |  |  |  |  |  |
IGNYTE | 2,059 |  |  | 3,226 |  |  | 8,073 |  |  | 10,831 |
ARTACUS | 1,663 |  |  | 1,787 |  |  | 4,898 |  |  | 5,211 |
CERPASS | 1,012 |  |  | 1,611 |  |  | 3,653 |  |  | 5,573 |
IGNYTE-3 | 4,219 |  |  | 2,375 |  |  | 15,554 |  |  | 4,909 |
Other RP1 study costs | 5,200 |  |  | 1,590 |  |  | 15,162 |  |  | 7,075 |
RP2 | 7,729 |  |  | 4,409 |  |  | 16,857 |  |  | 8,322 |
RP3 | 826 |  |  | 1,434 |  |  | 2,262 |  |  | 3,856 |
Unallocated research and development expenses¹: | 30,432 |  |  | 31,572 |  |  | 102,401 |  |  | 89,695 |
Selling, general and administrative | 18,728 |  |  | 18,015 |  |  | 77,721 |  |  | 46,827 |
Total operating expenses | 71,868 |  |  | 66,019 |  |  | 246,581 |  |  | 182,299 |
Loss from operations | (71,868) |  |  | (66,019) |  |  | (246,581) |  |  | (182,299) |
Other income (expense), net | 627 |  |  | $ | 254 |  |  | $ | 5,547 |  |  | $ | 9,707 |
Loss before income taxes | $ | (71,241) |  |  | $ | (65,765) |  |  | $ | (241,034) |  |  | $ | (172,592) |
Income tax (benefit) provision | (311) |  |  | 575 |  |  | (311) |  |  | 575 |
Net loss | (70,930) |  |  | (66,340) |  |  | (240,723) |  |  | (173,167) |
1 Includes personnel-related costs and other costs

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- Definition The entire disclosure for reporting segments including data and tables. 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