v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Income Statement [Abstract]    
Net sales [1] $ 1,412,806 $ 1,222,638
Cost of sales [2] 717,838 619,412
Gross profit 694,968 603,226
Operating expenses:    
Research and development [3] 98,883 87,603
Sales and marketing 315,338 275,737
General and administrative [4] 116,222 94,940
Total operating expenses 530,443 458,280
Operating income 164,525 144,946
Interest expense, net (6,607) (12,629)
Other (expense) income, net (10,336) 13,216
Income before income taxes 147,582 145,533
Provision for income taxes 26,120 27,698
Net income $ 121,462 $ 117,835
Net income per share, basic (in dollars per share) $ 0.86 $ 0.84
Net income per share, diluted (in dollars per share) $ 0.85 $ 0.83
Weighted-average number of shares used in computing net income per share, basic (in shares) 141,396,491 140,622,029
Weighted-average number of shares used in computing net income per share, diluted (in shares) 142,358,711 142,183,430
[1] Including amounts associated with related parties of $3,326 and $4,784 for the three months ended March 31, 2026 and 2025, respectively.
[2] Including amounts associated with related parties of $12,809 and $27,476 for the three months ended March 31, 2026 and 2025, respectively.
[3] Including amounts associated with related parties of $(2,853) and $(1,658) for the three months ended March 31, 2026 and 2025, respectively.
[4] Including amounts associated with related parties of $0 and $(750) for the three months ended March 31, 2026 and 2025, respectively.