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Segment and Geographic Information
9 Months Ended
Sep. 30, 2026
Segment Reporting [Abstract]  
Segment and Geographic Information Segment and Geographic Information
The Company operates as one operating and reportable segment focused on the development of an early cancer detection platform and the commercialization of related products through collaboration and licensing arrangements. The Company’s chief operating decision maker (the “CODM”) is its Chief Executive Officer, who uses consolidated net income (loss), as reported in the condensed consolidated statements of operations, as the key measure of segment profit and loss to allocate resources and assess performance. The CODM does not evaluate operating segment performance using asset information.

The CODM uses consolidated net income (loss) to evaluate the Company’s expenditures from the segment and monitor budget-to-actual results. The CODM also considers budget-to-actual variances and available cash when making decisions about the allocation of resources across the organization. Significant segment expenses within consolidated net income (loss) are cost of services, research and development, general and administrative, and other segment items are interest and investment income, net, interest expense, convertible note remeasurement loss, and other income (expense), net, which are separately presented on the Company’s condensed consolidated statements of operations.

The following table presents information about reported segment revenue by geographic location (in thousands):

Three Months Ended September 30,Nine Months Ended September 30,
2026202520262025
United States
$182,547 $319 $187,702 $319 
International
942 716 2,283 2,211 
Total revenue$183,489 $1,035 $189,985 $2,530 
During the three and nine months ended September 30, 2026, $182.5 million and $187.7 million of the Company’s consolidated revenue is attributable to one customer. As of September 30, 2026 and December 31, 2025, all of the Company’s long-lived assets and right-of-use assets are located in the United States.