| Schedule of segment reporting information |
The following table is representative of the significant expense categories regularly provided to the CODM when managing the Company’s single reporting segment. A reconciliation to the consolidated net loss for the years ended December 31, 2025, December 31, 2024 and December 31, 2023 is included in the table below: | | | | | | | | | | | | | | | | | | | Year Ended | | (in thousands) | December 31, 2025 | | December 31, 2024 | | December 31, 2023 | | Revenue: | | | | | | | Screening revenue | $ | 138,601 | | | $ | 108,627 | | | $ | 74,999 | | | Development services revenue | 8,571 | | | 16,968 | | | 18,106 | | Total revenue | 147,172 | | | 125,595 | | | 93,105 | | | Costs and operating expenses: | | | | | | Cost of screening revenue (exclusive of amortization of intangible assets)(1)(2) | 73,251 | | | 63,284 | | | 47,966 | | Cost of development services revenue(1)(2) | 2,605 | | | 6,444 | | | 6,861 | | | Compensation | 231,188 | | | 314,042 | | | 311,375 | | | Depreciation and intangible assets amortization expense | 149,794 | | | 153,228 | | | 148,920 | | | Stock-based compensation | 56,021 | | | 84,130 | | | 95,265 | | | Professional services | 36,821 | | | 63,443 | | | 48,994 | | | Clinical studies | 28,012 | | | 43,890 | | | 54,590 | | Goodwill and intangible assets impairment | 28,000 | | | 1,420,936 | | | 718,466 | | | Cloud computing and information technology | 25,019 | | | 30,233 | | | 31,868 | | | Facilities | 21,666 | | | 25,983 | | | 30,276 | | | Laboratory supplies and research collaborations | 12,802 | | | 41,341 | | | 41,863 | | Other segment expenses(3) | 44,156 | | | 67,799 | | | 72,043 | | Total costs and operating expenses | 709,335 | | | 2,314,753 | | | 1,608,487 | | Loss from Operations | (562,163) | | | (2,189,158) | | | (1,515,382) | | | Other income (expense): | | | | | | Interest income | 28,652 | | | 26,733 | | | 7,954 | | Other income (expense), net | (993) | | | 64 | | | (208) | | Benefit from income taxes | 126,153 | | | 135,356 | | | 41,951 | | | Net Loss | $ | (408,351) | | | $ | (2,027,005) | | | $ | (1,465,685) | |
(1) Cost of screening revenue (exclusive of amortization of intangible assets) and cost of development services revenue include stock-based compensation expense. See Note 8 — Stock-Based Compensation for further details. (2) Cost of screening revenue (exclusive of amortization of intangible assets) and cost of development services revenue include $6.6 million, $4.8 million and $9.8 million of depreciation expense for the year ended December 31, 2025, December 31, 2024 and December 31, 2023. (3) Other segment expenses include costs related to contractors and temporary labor, marketing expenses, and legal expenses.
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