Segment Reporting (Tables)
|
3 Months Ended |
Mar. 31, 2026 |
| Segment Reporting [Abstract] |
|
| Schedule of Segment Reporting Information by Segment |
Information about the Company’s operations by operating segment as of March 31, 2026 and December 31, 2025 and for the three months ended March 31, 2026 and 2025 is as follows: | | | | | | | | | | | | | | | | | Three Months Ended March 31, | | | | 2026 | | 2025 | | | | | | Net sales | $ | 179,765 | | | $ | 130,921 | | | | | | | Americas | 148,164 | | | 112,600 | | | | | | | International | 31,601 | | | 18,321 | | | | | | Cost of goods sold | $ | 107,952 | | | $ | 82,836 | | | | | | | Americas | 87,230 | | | 70,288 | | | | | | | International | 20,722 | | | 12,548 | | | | | | | Gross profit | $ | 71,813 | | | $ | 48,085 | | | | | | | Americas | 60,934 | | | 42,312 | | | | | | | International | 10,879 | | | 5,773 | | | | | |
| | | | | | | | | | | | | As of March 31, | | As of December 31, | | 2026 | | 2025 | | Total segment assets | $ | 488,343 | | | $ | 461,158 | | | Americas | 317,759 | | | 302,185 | | | International | 170,584 | | | 158,973 | |
|
| Reconciliation of Gross Profit to Income (Loss) Before Income Taxes |
| | | | | | | | | | | | | | | | | Three Months Ended March 31, | | | Reconciliation: | 2026 | | 2025 | | | | | | Total gross profit | $ | 71,813 | | | $ | 48,085 | | | | | | | Less: | | | | | | | | | Selling, general, and administrative expenses | 38,231 | | | 28,792 | | | | | | Income from operations | $ | 33,582 | | | $ | 19,293 | | | | | | | Less: | | | | | | | | Unrealized gain on derivative instruments | 2,827 | | | 2,817 | | | | | | Foreign currency (loss) gain | (499) | | | 580 | | | | | | Interest income | 1,561 | | | 1,518 | | | | | | | | | | | | | | Other (expense) income | (29) | | | 155 | | | | | | | Income before income taxes | $ | 37,442 | | | $ | 24,363 | | | | | |
|
| Revenue from External Customers by Geographic Areas |
The following table provides information related to the Company’s net sales by country, which is presented on the basis of the location that revenue from customers is recorded: | | | | | | | | | | | | | | | | | Three Months Ended March 31, | | | 2026 | | 2025 | | United States | | $ | 135,969 | | | $ | 105,106 | | United Kingdom | | 19,156 | | | 13,130 | | All other countries(1) | | 24,640 | | | 12,685 | | | Net sales | | $ | 179,765 | | | $ | 130,921 | |
___________ | | | | | | | (1) | No individual country is greater than 10% of total net sales for the three months ended March 31, 2026 and 2025. |
|
| Long-lived Assets by Geographic Areas |
The following table provides information related to the Company’s property and equipment, net by country: | | | | | | | | | | | | | March 31, 2026 | | December 31, 2025 | United States | $ | 6,478 | | | $ | 6,419 | | Singapore | 2,162 | | | 2,224 | | United Kingdom | 636 | | | 655 | | | | | | Property and equipment, net | $ | 9,276 | | | $ | 9,298 | |
|