Journey Medical Corporation Annual report [Section 13 and 15(d), not S-K Item 405]

Annual report [Section 13 and 15(d), not S-K Item 405]

SEGMENT INFORMATION

SEGMENT INFORMATION

12 Months Ended

Dec. 31, 2025

SEGMENT INFORMATION

SEGMENT INFORMATION

NOTE 20. SEGMENT INFORMATION

The Company’s reportable segment net loss for the years ending December 31, 2025 and 2024 consisted of the following:


		Year Ended December 31,
($ in thousands)		2025			2024
Revenue		$	61,858		$	56,134
Less: Segment expenses⁽¹⁾
Cost of goods sold – (excluding amortization of acquired intangible assets)			20,924			20,879
Research and development			480			9,857
Selling, general and administrative
Employee related			16,969			14,765
Sales, operations, outside services and consulting			9,522			9,417
Marketing related			6,279			5,258
Stock compensation			6,288			5,590
Legal and administrative			2,428			2,230
Product compliance expense			1,187			1,632
Office and administrative			946			739
Other			749			573
Other segment items⁽²⁾			7,517			(134)
Segment expenses			73,289			70,806
Segment loss from operations		$	(11,431)		$	(14,672)

Reconciliation to net loss:
Adjustments and reconciling items			—			—
Net loss		$	(11,431)		$	(14,672)

(1)	The significant expense amounts align with the expenses that the CODM is regularly provided with to assess performance and allocate resources.

(2)	Other segment items for the reportable segment include amortization of intangible assets, loss on impairment of intangible assets, loss recovery, interest income (expense), gain on extinguishment of debt, foreign exchange transaction losses and income tax expense.

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

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+ Details