Summary of Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2026

Schedules of Concentration of Risk, by Risk Factor

The following table summarizes the Company’s customers that represented 10% or more of accounts receivable, net:


	As of
	March 31, 2026		December 31, 2025
Customer A	19.0	%	22.0	%
Customer B	17.0		*
Customer C	12.2		11.8

* Represents less than 10%

The following table summarizes the Company’s customers that represented 10% or more of net sales:


	Three Months Ended March 31,
	2026		2025
Customer A	17.1	%	18.5	%
Customer B	11.5		*
Customer C	12.2		13.0

* Represents less than 10%

Schedules of Accounts Receivable, Allowance for Credit Loss

Below is a rollforward of the Company’s allowance for credit losses:


	Three Months Ended March 31,
	2026		2025

	(in thousands)
Beginning balance	$	3,863	$	7,856
Provision for credit losses	300		3,178
Write-offs and other adjustments	(541)		(554)
Ending balance	$	3,622	$	10,480

Schedules of Disaggregation of Revenue

The following table summarizes net sales by region based on the billing address of customers:


	Three Months Ended March 31,
	2026				2025
	Amount		Percentage of Net Sales		Amount		Percentage of Net Sales

	(in thousands, except percentages)
Domestic(1)	$	915,991	64.8	%	$	845,088	69.1	%
International(2)	496,815		35.2		377,550		30.9
Total net sales	$	1,412,806	100.0	%	$	1,222,638	100.0	%

(1) Domestic consists of net sales in the United States and Canada. Net sales from the United States represented 60.8% and 63.6% of total net sales for the three months ended March 31, 2026 and 2025, respectively.

(2) International consists of net sales in markets outside the United States and Canada. Net sales from the United Kingdom represented 15.5% and 15.2% of total net sales for the three months ended March 31, 2026 and 2025, respectively.

The following table presents net sales by brand:


	Three Months Ended March 31,
	2026				2025
	Amount		Percentage of Net Sales		Amount		Percentage of Net Sales

	(in thousands, except percentages)
Shark	$	710,685	50.3	%	$	579,309	47.4	%
Ninja	702,121		49.7		643,329		52.6
Total net sales	$	1,412,806	100.0	%	$	1,222,638	100.0	%

The following table presents net sales by product category:


	Three Months Ended March 31,
	2026				2025
	Amount		Percentage of Net Sales		Amount		Percentage of Net Sales

	(in thousands, except percentages)
Cleaning Appliances	$	516,550	36.6	%	$	441,424	36.1	%
Cooking and Beverage Appliances	414,590		29.3		345,937		28.3
Food Preparation Appliances	287,531		20.4		297,392		24.3
Beauty and Home Environment Appliances	194,135		13.7		137,885		11.3
Total net sales	$	1,412,806	100.0	%	$	1,222,638	100.0	%

Schedule of Product Warranty Liability

Product warranty liabilities and changes were as follows:


	Three Months Ended March 31,
	2026		2025

	(in thousands)
Beginning balance	$	38,232	$	26,955
Accruals for warranties issued	7,695		10,096
Settlements made	(11,271)		(12,439)
Ending balance	$	34,656	$	24,612