22.

Segment and Geographic Data

Operating segments are defined as components of an enterprise about which separate financial information is available that is evaluated regularly by the chief operating decision-maker (“CODM”) in deciding how to allocate resources and assess performance. The Company derives substantially all of its revenue from the sale of subscription fees for access to its platform and stand-ready support - a product designed to provide accurate and comprehensive information on healthcare providers and their activities helping its customers optimize everything from product development to go-to-market planning and sales and marketing execution. To assess performance, the Company’s CODM, the Chief Executive Officer, reviews financial information on a consolidated basis. Therefore, the Company determined it has one operating segment and one reportable segment. The accounting policies of the Company’s operating segment are the same as those described in Note 2. Summary of Significant Accounting Policies. The CODM uses consolidated net loss to set budgets, evaluate margins, review actual results, and to make decisions whether to reinvest profits into the business, pursue acquisitions and partnerships, repurchase shares, and/or engage in other capital management transactions.

The following table presents the operating financial results of our single reportable segment, including revenue, significant expenses regularly provided to the CODM, and net loss:


	Year Ended December 31,
(in thousands)	2025			2024			2023
Revenue	$	241,521		$	252,202		$	251,415
Total cost of revenue		58,246			54,733			47,482
Sales and marketing		81,637			83,807			94,534
Product development		34,776			36,518			42,441
General and administrative		51,627			49,267			58,861
Other segment items, net (1)(2)(3)		224,491			661,622			316,277
Benefit from income taxes		9,959			42,299			18,553
Net loss	$	(199,297	)	$	(591,446	)	$	(289,627	)

(1)

For the year ended December 31, 2025, other segment items, net includes goodwill impairment charges of $196.1 million, depreciation and amortization expense of $35.8 million, a TRA remeasurement gain of $21.7 million, interest expense of $11.3 million, transaction integration, and restructuring expenses of $7.6 million, interest income of $7.0 million, net foreign currency transaction losses of $1.9 million, and a loss on the partial extinguishment of debt of $0.5 million.

(1)

For the year ended December 31, 2024, other segment items, net includes a goodwill impairment charge of $688.9 million, a TRA remeasurement gain of $76.9 million, depreciation and amortization expense of $37.6 million, interest expense of $14.8 million, interest income of $14.6 million, transaction integration, and restructuring expenses of $12.2 million, and net foreign currency transaction gains of $0.4 million.

(1)

For the year ended December 31, 2023, other segment items, net includes a goodwill impairment charge of $287.4 million, a TRA remeasurement gain of $23.5 million, depreciation and amortization expense of $39.0 million, interest expense of $15.2 million, interest income of $13.6 million, transaction integration, and restructuring expenses of $11.5 million, and net foreign currency transaction losses of $0.3 million.

Revenues by geographic area presented based upon the location of the customer are as follows:


	For the Year Ended December 31,
(in thousands)	2025		2024		2023
United States	$	224,359	$	241,805	$	239,457
Rest of world		17,162		10,397		11,958
Total revenues	$	241,521	$	252,202	$	251,415

For a summary of our revenue disaggregated by service, refer to Note 4. Revenue.

Long-lived assets by geographical region are based on the location of the legal entity that owns the assets. Long-lived assets by geographic area presented based upon the location of the assets are as follows:


(in thousands)	December 31, 2025		December 31, 2024
United States	$	9,678	$	2,940
Rest of world		3,002		851
Total long-lived assets	$	12,680	$	3,791

Historical Timeline

Fiscal Year	Filed
2025	Feb 26, 2026	Showing above
2024	Feb 27, 2025

2023	Feb 28, 2024

2022	Feb 27, 2023

2021	Mar 15, 2022

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.

Definitive Healthcare Corp. Segments Disclosure

Historical Timeline

About Segments Disclosures

Other Available Disclosures