Segments

3 Months Ended

Mar. 31, 2026

Segment Reporting [Abstract]

Segments

8. Segments

General Information

The Company has a single operating segment, which was determined based on the chief operating decision maker (“CODM”), which is our Chief Executive Officer, assessing performance and allocating resources on a consolidated basis.

The operating segment derives its revenues primarily through sales of pharmaceutical and medical products. All long-lived assets were held in the United States as of December 31, 2025 and March 31, 2026. All revenues were generated in the United States during the three months ended March 31, 2025 and 2026.

Measure of segment profit or loss and assets

The CODM assesses performance of the operating segment and decides how to allocate resources based on net income, which also is reported on the consolidated statements of operations as net income. In addition to comparing net income against forecasted net income, the CODM uses net income to evaluate income generated from segment assets (return on assets) in deciding whether to reinvest profits into the operating segment or expansion of the operating segment through acquisitions.

The measure of operating segment assets is reported on the consolidated balance sheets as total assets.

The accounting policies of the operating segment are the same as those of the Company.

Reportable segment reconciliation

The following reconciliation presents operating segment revenue, net income, and significant segment expenses:

	Three Months Ended March 31,
	2025		2026
Revenue	$	329,308	$	336,595
Less:
Employee expenses (excluding share-based compensation expense)		72,380		81,019
Share-based compensation expense		3,968		1,861
Other segment items (1)		234,417		229,292
Depreciation and amortization		5,267		5,976
Interest expense		170		154
Income taxes		3,833		4,749
Segment net income	$	9,273	$	13,544
Reconciliation of net income to consolidated statements of operations
Adjustments and reconciling items		—		—
Consolidated net income	$	9,273	$	13,544

(1) Other segment items included in operating segment net income include product expenses, legal expenses, rent and auto lease expenses, utilities expenses, maintenance expenses, and other overhead expenses.