XML 46 R36.htm IDEA: XBRL DOCUMENT
v3.25.4

Segment Reporting (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2025
Segment Reporting [Abstract] |
Schedule of reportable segment net income (loss) | The Company's reportable segment net income (loss) for the years ended December 31, 2025, 2024 and 2023, consisted of the following (in thousands):
|  | Year Ended December 31, |
|  | 2025 |  |  | 2024 |  |  | 2023 |
Grant revenue |  | $ | 789 |  |  | $ | — |  |  | $ | — |
Significant segment expenses: |  |  |  |  |  |  |  |  |
Live biotherapeutics platform |  | $ | 23,573 |  |  | $ | 29,006 |  |  | $ | 43,342 |
SER-155 |  |  | 3,687 |  |  |  | 6,804 |  |  |  | 7,759 |
R&D personnel-related (including stock-based compensation) |  |  | 21,553 |  |  |  | 28,689 |  |  |  | 65,251 |
G&A personnel-related (including stock-based compensation) |  |  | 14,413 |  |  |  | 22,679 |  |  |  | 36,069 |
Professional fees |  |  | 8,991 |  |  |  | 9,805 |  |  |  | 18,784 |
Facility-related and other |  |  | 15,752 |  |  |  | 20,699 |  |  |  | 22,647 |
Gain on sale of VOWST Business |  |  | (80,685 | ) |  |  | (5,684 | ) |  |  | - |
Other segment (income) expense (1) |  |  | (12,191 | ) |  |  | 13,773 |  |  |  | (3,722 | )
Net income (loss) from continuing operations |  |  | 5,696 |  |  |  | (125,771 | ) |  |  | (190,130 | )
Net income from discontinued operations, net of tax (2) |  |  | — |  |  |  | 125,907 |  |  |  | 76,406 |
Net income (loss) |  | $ | 5,696 |  |  | $ | 136 |  |  | $ | (113,724 | )
[1] Other segment (income) expense includes manufacturing services expenses, research and development expenses on early stage programs, interest income and other (income) expense, net. [2] See Note 3, Discontinued Operations and TSA, for further details.

X
- 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
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration