Senseonics Holdings, Inc. Segments Disclosure
19. Segment Information
The Company views its operations and manages its business in one operating segment, which also represents one reportable segment which derives its revenues from diabetes products and services. Operating segments are defined as components of an enterprise about which separate discrete information is available for evaluation by the chief operating decision maker (“CODM”), or decision-making group, in deciding how to allocate resources and in assessing performance. The Company CODM, its Chief Executive Officer, manages the Company’s operations on a consolidated basis for the purpose of allocating resources.
The CODM assesses performance for the segment based on net loss, which is reported in the consolidated statements of operations and comprehensive loss and uses the financial information in deciding on how to invest into the Company. The measure of segment assets reported on the balance sheets is total assets.
The table below summarizes the significant expense categories regularly reviewed by the CODM for the years ended December 31, 2025 and December 31, 2024:
Years Ended | ||||||
December 31, | ||||||
(in thousands) | | 2025 | | 2024 | ||
Revenue | $ | 35,257 | $ | 22,472 | ||
Less: | ||||||
Cost of goods sold | 19,494 | 21,939 | ||||
Sales and marketing expenses | 22,785 | 7,268 | ||||
Research and development expenses |
| 31,592 | 41,144 | |||
General and administrative expenses |
| 29,723 | 26,963 | |||
Other segment items(1) |
| 776 | 3,774 | |||
Net loss | $ | (69,113) | $ | (78,616) | ||
| (1) | Other segment items include interest income, interest expense, gains on changes in fair value, other income, and other expense as presented in the Company’s consolidated statements of operations and comprehensive loss. |
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.