| Schedule of Segment Revenue, Significant Segment Expenses |
The following table summarizes segment revenue,
significant segment expenses, other segment items and segment profit or loss (in thousands):
| | |
Year Ended December 31, | |
| | |
2025 | | |
2024 | | |
2023 | |
| | |
| | |
| | |
| |
| Revenues, net | |
$ | 468,725 | | |
$ | 487,877 | | |
$ | 510,541 | |
| Reductions (additions): | |
| | | |
| | | |
| | |
| Cost of revenues | |
| 279,171 | | |
| 291,303 | | |
| 338,716 | |
| Cost of revenues – restructuring related charges | |
| 995 | | |
| 15,442 | | |
| — | |
| Advertising expense | |
| 56,105 | | |
| 65,198 | | |
| 72,372 | |
| Marketing sales expense | |
| 27,663 | | |
| 33,778 | | |
| 36,741 | |
| Wholesale marketing and sales expense | |
| 19,571 | | |
| 20,081 | | |
| 23,016 | |
| Showroom marketing and sales expense | |
| 43,701 | | |
| 52,206 | | |
| 50,184 | |
| General and administrative expense | |
| 63,557 | | |
| 69,117 | | |
| 84,446 | |
| Research and development expense | |
| 9,604 | | |
| 12,962 | | |
| 11,898 | |
| Restructuring, impairment and other related charges | |
| 11,387 | | |
| 19,973 | | |
| — | |
| Loss on impairment of goodwill | |
| — | | |
| — | | |
| 6,879 | |
| Other segment items, net (e) | |
| 8,275 | | |
| 5,852 | | |
| 7,496 | |
| Income tax expense | |
| 207 | | |
| 63 | | |
| 8 | |
| Net loss attributable to noncontrolling interest | |
| (97 | ) | |
| (201 | ) | |
| (458 | ) |
| Segment net loss | |
$ | (51,414 | ) | |
$ | (97,897 | ) | |
$ | (120,757 | ) |
| (e) | Other segment items, net include interest expense, other (income) expense, net, loss on extinguishment of debt, and change in fair value of warrant liabilities. |
|