Arcellx, Inc. Segments Disclosure
17. Segment Reporting
The Company operates in a operating segment and has one reportable segment, which includes all activities related to the discovery, development, and manufacturing of its product candidates. The determination of a single segment is consistent with the consolidated financial information regularly provided to the Company's chief operating decision maker ("CODM"). The Company’s CODM is its . The CODM uses consolidated net loss for purpose of assessing performance, making operating decisions and allocating resources. The measurement of segment assets is reported on the balance sheet as total consolidated assets.
The table below provides information about the Company’s segment (in thousands):
|
Year Ended December 31, |
|
|||||||||
|
2025 |
|
|
2024 |
|
|
2023 |
|
|||
Collaboration revenue |
$ |
22,286 |
|
|
$ |
107,936 |
|
|
$ |
110,319 |
|
Operating expenses: |
|
|
|
|
|
|
|
|
|||
Research and development |
|
|
|
|
|
|
|
|
|||
anito-cel in rrMM |
|
32,719 |
|
|
|
50,141 |
|
|
|
73,530 |
|
ACLX-002 |
|
9,153 |
|
|
|
14,294 |
|
|
|
5,667 |
|
Other research and development costs |
|
27,132 |
|
|
|
23,339 |
|
|
|
6,640 |
|
Internal costs [1] |
|
88,607 |
|
|
|
69,319 |
|
|
|
48,012 |
|
General and administrative |
|
117,758 |
|
|
|
88,414 |
|
|
|
66,350 |
|
Total operating expenses |
|
275,369 |
|
|
|
245,507 |
|
|
|
200,199 |
|
Loss from operations |
|
(253,083 |
) |
|
|
(137,571 |
) |
|
|
(89,880 |
) |
Interest and other income (expense), net |
|
24,218 |
|
|
|
33,322 |
|
|
|
23,695 |
|
Interest expense |
|
— |
|
|
|
(1,030 |
) |
|
|
(3,842 |
) |
Total other income, net |
|
24,218 |
|
|
|
32,292 |
|
|
|
19,853 |
|
Income tax expense |
|
(69 |
) |
|
|
(2,069 |
) |
|
|
(663 |
) |
Net loss |
$ |
(228,934 |
) |
|
$ |
(107,348 |
) |
|
$ |
(70,690 |
) |
[1]Internal costs primarily consist of employee-related costs, including salaries, related benefits, and share-based compensation expense, as well as facility and depreciation expense.
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 26, 2026 | Showing above |
| 2024 | Feb 27, 2025 | |
About Segments Disclosures
Segment disclosures break a company into its reportable operating units, revealing revenue, profit, and asset allocation that consolidated financial statements obscure. Under ASC 280, segments must match how the chief operating decision maker views the business, providing a window into internal management structure and resource allocation priorities.
Key signals: compare segment margins to identify which units drive profitability and which destroy value. Watch for changes in the number of reportable segments — segment aggregation or disaggregation often coincides with strategic shifts or attempts to obscure declining performance. Intersegment elimination patterns reveal internal pricing practices. The reconciliation between segment totals and consolidated figures exposes corporate overhead allocation and unallocated items. Geographic revenue concentration highlights regulatory and currency exposure. Compare segment-level capital expenditure against segment revenue to assess where management is investing for future growth versus harvesting existing assets.