
	Three Months Ended March 31,
	2026		2025

	(in thousands)
Net sales	$	1,412,806	$	1,222,638
Less:
Cost of sales	717,838		619,412
Advertising expenses and consumer insight initiatives	102,596		94,015
Personnel expenses(1)	153,240		139,997
Delivery and distribution expenses	106,772		90,174
Professional service expenses(2)	40,680		34,312
Merchant, processing, and other fees	19,954		19,624
Facilities and technology support costs	20,897		21,929
Depreciation and amortization expenses(3)	18,788		16,756
Prototypes and testing expenses	14,872		10,487
Other segment items(4)	52,644		30,986
Interest expense, net	6,607		12,629
Other expense (income), net	10,336		(13,216)
Provision for income taxes	26,120		27,698
Segment net income	$	121,462	$	117,835
Reconciliation of profit or loss
Adjustments and reconciling items	—		—
Consolidated net income	$	121,462	$	117,835

(1)Excludes shared-based compensation, a non-cash expense related to awards issued from the SharkNinja Equity Incentive Plan. These costs have been excluded from personnel expenses and reclassified to other segment items, as they are not presented to or reviewed by the CODM.

(2)Excludes litigation costs incurred and related settlements for certain patent infringement claims, false advertising claims against us, and product safety concerns, and excludes costs incurred related to the voluntary product recall. These costs have been excluded from professional service expenses and reclassified to other segment items1, as they are not presented to or reviewed by the CODM.

(3)Excludes amortization of acquired intangible assets that the Company does not consider normal recurring operating expenses, as the intangible assets relate to JS Global’s acquisition of our business. These costs have been excluded from depreciation and amortization expenses and reclassified to other segment items, as they are not presented to or reviewed by the CODM.