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Segment Information (Tables)
12 Months Ended
Dec. 31, 2024
Segment Reporting [Abstract]  
Schedule of Income Statement Information

The following table provides selected income statement information for our single reportable segment (in thousands):

 

 

December 31, 2024

 

 

December 31, 2023

 

 

December 31, 2022

 

Net loss before noncontrolling interest

$

(163,335

)

 

$

(135,447

)

 

$

(148,135

)

Rental income

 

76

 

 

 

 

 

 

 

Depreciation and amortization

 

4,337

 

 

 

2,956

 

 

 

2,448

 

Equity-based compensation

 

29,372

 

 

 

30,846

 

 

 

74,469

 

Income tax (benefit) expense

 

(598

)

 

 

5,996

 

 

 

896

 

Interest expense

 

9

 

 

 

12

 

 

 

215

 

Interest income

 

19,752

 

 

 

22,083

 

 

 

5,983

 

Schedule of Significant Expense Reported to the Chief Operating Decision Maker

The following table provides significant expense categories that are regularly reported to the chief operating decision maker (in thousands):

 

 

December 31, 2024

 

 

December 31, 2023

 

 

December 31, 2022

 

Revenue

$

76

 

 

$

 

 

$

 

 

 

 

 

 

 

 

 

 

Clinical expense

 

50,235

 

 

 

42,513

 

 

 

24,963

 

Cash compensation

 

48,025

 

 

 

31,374

 

 

 

16,409

 

Cash operating expenses

 

45,459

 

 

 

49,431

 

 

 

49,360

 

Other segment items (1)

 

19,692

 

 

 

12,129

 

 

 

57,403

 

Net loss before noncontrolling interest

$

(163,335

)

 

$

(135,447

)

 

$

(148,135

)