Rigel Pharmaceuticals, Inc. Annual report [Section 13 and 15(d), not S-K Item 405]

Annual report [Section 13 and 15(d), not S-K Item 405]

SEGMENT INFORMATION

SEGMENT INFORMATION

12 Months Ended

Dec. 31, 2024

SEGMENT INFORMATION

SEGMENT INFORMATION

15. SEGMENT INFORMATION

The following table presents segment information for the periods presented:


	Year Ended December 31,
	2024		2023		2022

	(in thousands)
Total Revenues	$	179,278	$	116,882	$	120,242
Less:
Employee related expenses		69,807		63,429		69,477
Commercial related expenses		26,996		24,310		23,846
Cost of product sales		18,647		7,110		1,749
Consultants and third-party services		15,532		17,942		22,218
Outside clinical trial related expenses		10,978		9,694		29,981
Other segment items		13,126		14,888		28,521
Interest expense, net		5,826		4,600		3,023
Provision for income taxes		881		—		—
Segment income (loss)	$	17,485	$	(25,091)	$	(58,573)

There is no reconciling items or adjustments between segment income (loss) presented above and net income (loss) as presented in our statements of operations. The CODM does not review assets in evaluating the segment results and therefore such information is not presented.

For details of revenues disaggregated by category, see “Note 3 – Revenues”.

Employee related expenses primarily comprised salaries, employee benefits, other employee related expenses and stock-based compensation expense. For details of stock-based compensation expense, see “Note 6 – Stock-Based Compensation.”

Other segment items for the periods presented primarily comprised travel related expenses, business insurance, taxes and licenses, and facility related expenses. Other segment items for the year ended December 31, 2022 also include restructuring costs and IPR&D.

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

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+ Details