Cytek Biosciences, Inc.CTKB

Cytek Biosciences, Inc. Segments Disclosure

10-KFiled Feb 26, 20263 min read
Segment Information and Geographic Data
Segment Information
The Company operates and manages its business activities on a consolidated basis and has one operating and reportable segment, as defined under ASC 280, Segment Reporting. Operating segments are defined as components of an enterprise where separate financial information is evaluated regularly by the Chief Operating Decision Maker (“CODM”), who decides how to allocate resources and assess performance. The Company’s Chief Executive Officer serves as the CODM and is responsible for evaluating the Company’s financial performance and allocating resources. The CODM uses net income as the measure of profit or loss to allocate resources, assess performance, and monitor budgets against actual results.
Further, the CODM reviews the significant segment expenses in the table below on net (loss) income when assessing performance and allocating resources, as well as those used for strategic decisions related to headcount and capital
expenditures. The measure of segment assets is reported on the balance sheet as total assets. The CODM does not review segment assets at a level other than that presented in the Company’s consolidated balance sheets.
The following table reflect the Company’s significant segment expenses:

(In thousands)202520242023
Revenue, net:
Product$144,233 $153,263 $156,717 
Service57,260 47,190 36,298 
Total revenue, net201,493 200,453 193,015 
Cost of sales (excluding stock-based compensation)91,101 82,922 78,655 
Amortization - license & IP expense1,936 1,997 1,721 
Sales (excluding stock-based compensation)34,167 29,320 25,510 
Marketing (excluding stock-based compensation)10,793 15,028 19,349 
Research and development (excluding stock-based compensation)31,325 32,975 37,475 
General and administrative (excluding stock-based compensation)47,969 31,885 36,102 
Stock-based compensation expense 24,585 26,848 22,048 
Other segment items26,155 (14,504)(15,696)
Net loss$(66,538)$(6,020)$(12,148)
Other segment items include other income (expenses) and interest income (expenses).
Revenue by geographic location
The Company sells its products worldwide and attributes revenue to the geography where the product is delivered. The geographical distribution of revenue for the years ended December 31, 2025, 2024, and 2023 was as follows (in thousands):
Year Ended December 31,
202520242023
United States$95,250 $92,610 $102,085 
EMEA55,883 62,341 53,178 
APAC41,080 35,770 31,598 
Other9,280 9,732 6,154 
Total revenue, net$201,493 $200,453 $193,015 
EMEA includes Europe, the Middle East and Africa; APAC includes Asia and the Pacific countries; Other includes Canada and Latin America.
For revenue, a major country is defined as a group of customers in a country with combined revenue of greater than 10% of consolidated revenue or as otherwise deemed significant. Revenue in the United States was approximately $95.2 million for the twelve months ended December 31, 2025. Revenue in China was approximately $20.5 million for the twelve months ended December 31, 2025. No other country represented greater than 10% of the Company’s consolidated net sales or was otherwise deemed significant. For the years ended December 31, 2025, 2024, and 2023, the Company had no major customers that represented more than 10% of the Company’s net revenue. No customer represented more than 10% of net accounts receivable as of December 31, 2025 and 2024.
Long-lived assets by geographic location
As of December 31, 2025 and December 31, 2024, the Company’s long-lived assets by geographic area were as follows (in thousands):
December 31,
2025		December 31,
2024
   
United States$7,978 $8,228 
EMEA425 435 
APAC9,606 9,299 
Total$18,009 $17,962 
As of December 31, 2025 and December 31, 2024, most of the Company’s long-lived assets were located in the United States and in Wuxi, China.

Historical Timeline

Fiscal YearFiled
2025Feb 26, 2026Showing above
2024Feb 28, 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.

Other Available Disclosures

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