Seer, Inc. Segments Disclosure
The Company manages its business activities on a consolidated basis and operates in one reportable segment.
The Company’s chief operating decision maker (CODM) is the . The CODM makes decisions on resource allocation, assesses performance of the business, and monitors budget versus actual results using net loss. The CODM does not evaluate operating segment using asset or liability information.
The following table sets forth information on segment net loss, including significant segment expenses (in thousands):
|
|
Year Ended December 31, |
|
|||||
|
|
2025 |
|
|
2024 |
|
||
Revenue |
|
$ |
16,578 |
|
|
$ |
14,170 |
|
Cost of revenue |
|
|
8,113 |
|
|
|
7,115 |
|
Gross profit |
|
|
8,465 |
|
|
|
7,055 |
|
Operating expenses: |
|
|
|
|
|
|
||
Compensation expenses |
|
|
35,042 |
|
|
|
36,774 |
|
Stock-based compensation |
|
|
15,414 |
|
|
|
28,207 |
|
Professional expenses |
|
|
12,579 |
|
|
|
15,032 |
|
Business expenses |
|
|
9,304 |
|
|
|
9,852 |
|
Facility expenses |
|
|
6,093 |
|
|
|
6,379 |
|
Depreciation and amortization |
|
|
5,123 |
|
|
|
5,836 |
|
Other (1) |
|
|
2,902 |
|
|
|
5,076 |
|
Total operating expenses |
|
|
86,457 |
|
|
|
107,156 |
|
|
|
|
|
|
|
|
||
Interest income |
|
|
11,522 |
|
|
|
16,666 |
|
Loss on equity method investment |
|
|
(5,919 |
) |
|
|
(2,649 |
) |
Other expense |
|
|
(1,010 |
) |
|
|
(417 |
) |
Provision for income taxes |
|
|
201 |
|
|
|
98 |
|
Net loss |
|
$ |
(73,600 |
) |
|
$ |
(86,599 |
) |
As of December 31, 2025 and 2024, long-lived assets were primarily located in the United States.
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Mar 2, 2026 | Showing above |
| 2024 | Mar 3, 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.