v3.26.1
Segments (Tables)
 3 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
Segment Reporting
The following table sets forth financial information by reportable segment and attributable to corporate and certain other activities (in thousands):
Three Months Ended March 31,
20262025
Direct-to-ConsumerLicensingCorporate
All Other
TotalDirect-to-ConsumerLicensingCorporate
All Other
Total
Net revenues$18,847 $10,932 $138 $319 $30,236 $16,331 $11,451 $247 $846 $28,875 
Cost of sales(1)
(8,053)(1,491)— — (9,544)(6,907)(596)— (1,550)(9,053)
Gross profit10,794 9,441 138 319 20,692 9,424 10,855 247 (704)19,822 
Personnel(4,714)(383)(4,197)— (9,294)(4,347)(594)(5,743)(2,705)(13,389)
Rent(1,850)— (195)— (2,045)(1,719)(7)(621)— (2,347)
Marketing(1,820)(12)(134)— (1,966)(1,462)(20)(578)(34)(2,094)
Transaction expenses
— — (2,833)— (2,833)— — — — — 
Other segment items(2)
(847)(1,127)(4,221)— (6,195)(2,426)(1,277)(3,666)(883)(8,252)
Operating (loss) income1,563 7,919 (11,442)319 (1,641)(530)8,957 (10,361)(4,326)(6,260)
Interest expense(2,499)(1,888)
Other nonoperating income, net1,027 202 
Loss before income taxes$(3,113)$(7,946)
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(1) Direct-to-consumer cost of sales includes an immaterial amount of personnel and rent for the three months ended March 31, 2026 and 2025.
(2) Includes intercompany expense allocations from our corporate segment to our direct-to-consumer segment of $0.3 million and $0.9 million for the three months ended March 31, 2026 and 2025, respectively, which are eliminated upon consolidation.
Schedule of Geographic Information The following table sets forth revenue by geographic area (in thousands):
Three Months Ended
March 31,
20262025
Net revenues:
United States$10,566 $9,987 
Australia7,134 6,638 
Luxembourg5,000 5,000 
China3,012 3,196 
United Kingdom2,852 2,641 
Other1,672 1,413 
Total$30,236 $28,875