TherapeuticsMD, Inc. Segments Disclosure
14. Segment Reporting
The Company operates in one segment. Accordingly, the Company’s License revenue, Net loss, and Total assets reflect the revenue, loss, and assets of the Company’s single segment, respectively.
The Company’s is the chief operating decision maker (“CODM”). The CODM uses Net loss in assessing the performance and in determining the allocation of resources of the Company’s reportable segment. The CODM is regularly provided expense information consistent with the expense categories presented in the Company’s Consolidated Statements of Operations
The following tables present total revenue of the Company by geographic location.
| As of December 31, | ||||||||
| 2025 | 2024 | |||||||
| License revenue | ||||||||
| United States | $ | 1,792 | $ | 1,123 | ||||
| Non-U.S. | 1,230 | 638 | ||||||
| Total | $ | 3,022 | $ | 1,761 | ||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Mar 30, 2026 | Showing above |
| 2024 | Mar 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.