Boundless Bio, Inc. Segments Disclosure
The CODM reviews the budget versus actual expense by nature of expense. The following table sets forth our segment loss disclosure for the years ended December 31, 2025 and 2024 (in thousands):
|
|
Year Ended December 31, |
|
|||||
|
|
2025 |
|
|
2024 |
|
||
R&D – Compensation and benefits (excludes stock-based compensation) |
|
$ |
10,601 |
|
|
$ |
13,758 |
|
R&D – Clinical trial costs |
|
|
9,850 |
|
|
|
11,507 |
|
R&D – Outsourced services & Consulting |
|
|
11,826 |
|
|
|
19,022 |
|
R&D – Lab and pharmacology supplies |
|
|
754 |
|
|
|
2,295 |
|
R&D – Other costs (1) |
|
|
1,879 |
|
|
|
1,818 |
|
G&A – Compensation and benefits (excludes stock-based compensation) |
|
|
5,744 |
|
|
|
6,438 |
|
G&A – Professional service fees |
|
|
2,669 |
|
|
|
2,866 |
|
G&A – Insurance |
|
|
821 |
|
|
|
678 |
|
G&A – Other costs (2) |
|
|
2,413 |
|
|
|
2,333 |
|
Facilities related |
|
|
9,619 |
|
|
|
3,951 |
|
Stock-based compensation and depreciation |
|
|
7,376 |
|
|
|
8,601 |
|
Total operating expense |
|
|
63,552 |
|
|
|
73,267 |
|
Loss from operations |
|
|
(63,552 |
) |
|
|
(73,267 |
) |
Interest and other income, net |
|
|
5,355 |
|
|
|
7,904 |
|
Segment net loss |
|
$ |
(58,197 |
) |
|
$ |
(65,363 |
) |
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Mar 9, 2026 | Showing above |
| 2024 | Mar 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.