LENSAR, Inc. Segments Disclosure
Note 17. Segment Information
The Company’s CODM is its . The Company has determined that it operates in one operating segment and one reportable segment as the CODM reviews financial information presented on an entity-wide basis for purposes of making operating decisions, allocating resources, and evaluating financial performance. The CODM uses revenue and net loss to assess segment performance and allocate resources by comparing actual results to budget. The measure of segment assets is reported on the balance sheet as total consolidated assets. As of December 31, 2025 and 2024, 99% and 98% of long-lived assets were in the United States, respectively. Revenue is attributed to a geographic region based on the location of the customer, refer to Note 3, Revenue from Contracts with Customers.
A reconciliation of significant segment expenses to net loss is below:
|
|
Year Ended December 31, |
|
|||||
|
|
2025 |
|
|
2024 |
|
||
Revenue |
|
$ |
58,435 |
|
|
$ |
53,494 |
|
Less: |
|
|
|
|
|
|
||
Personnel expense |
|
|
27,416 |
|
|
|
25,056 |
|
Other cost of revenue1 |
|
|
17,703 |
|
|
|
16,028 |
|
Other research and development expense1 |
|
|
1,530 |
|
|
|
1,244 |
|
Other sales and marketing expense1 |
|
|
5,052 |
|
|
|
4,492 |
|
Other general and administrative expense1 |
|
|
6,551 |
|
|
|
7,022 |
|
Stock-based compensation expense |
|
|
3,118 |
|
|
|
2,657 |
|
Change in fair value of warrant liabilities |
|
|
10,338 |
|
|
|
21,399 |
|
Acquisition-related costs |
|
|
17,141 |
|
|
|
— |
|
Impairment of intangible assets |
|
|
— |
|
|
|
3,729 |
|
Depreciation expense |
|
|
3,581 |
|
|
|
2,961 |
|
Amortization expense |
|
|
921 |
|
|
|
970 |
|
Other income, net |
|
|
(636 |
) |
|
|
(660 |
) |
Net loss |
|
$ |
(34,280 |
) |
|
$ |
(31,404 |
) |
1 The Company deducts personnel expense, stock-based compensation expense, depreciation expense, and amortization expense from GAAP expenses to arrive at other costs and expenses.
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Mar 31, 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.