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Segment Information (Tables)
12 Months Ended
Dec. 31, 2024
Segment Reporting [Abstract]  
Schedule of Reconciliation to the Consolidated Net Loss A reconciliation to the consolidated net loss for the years ended December 31, 2024, 2023 and 2022 is included at the bottom of the table below.

 

 

Year Ended December 31,

 

 

 

2024

 

 

2023

 

 

2022

 

 

 

(in thousands)

 

Revenues

 

$

41,243

 

 

$

86,455

 

 

$

7,686

 

Cost of revenues

 

 

9,444

 

 

 

2,159

 

 

 

813

 

Program expenses (1)

 

 

 

 

 

 

 

 

 

     ZULRESSO

 

 

5,101

 

 

 

4,395

 

 

 

17,083

 

     zuranolone (ZURZUVAE)

 

 

30,482

 

 

 

94,174

 

 

 

68,155

 

     SAGE-324

 

 

10,173

 

 

 

16,574

 

 

 

14,646

 

     dalzanemdor (SAGE-718)

 

 

58,248

 

 

 

56,536

 

 

 

50,584

 

     Other research and development programs

 

 

33,277

 

 

 

52,975

 

 

 

49,750

 

Non-program expenses (2)

 

 

85,405

 

 

 

113,388

 

 

 

96,825

 

People and staff augmentation

 

 

165,158

 

 

 

220,188

 

 

 

195,214

 

Restructuring

 

 

21,854

 

 

 

33,386

 

 

 

 

Other segment items (3)

 

 

22,767

 

 

 

34,169

 

 

 

47,400

 

Net loss

 

$

(400,666

)

 

$

(541,489

)

 

$

(532,784

)

 

 

 

 

 

 

 

 

 

 

(1) Includes external research and development, and selling, general and administrative expenses.

 

(2) Includes information technology, infrastructure, facilities, legal, commercial data and systems,

 

         chemistry platform, intellectual property, and other general and administrative expense.

 

(3) Includes stock-based compensation expense, interest income, and other (income) expense.