The following provides additional information about the Company’s reported segment revenue, significant segment expenses and segment net income for the fiscal years ended March 31, 2026, March 31, 2025 and March 31, 2024 (in thousands):


	Fiscal year ended March 31,
	2026		2025		2024
Revenue	$	1,636,472	$	1,313,517	$	1,023,932
Cost of sales	479,125		377,831		299,836
Gross profit	1,157,347		935,686		724,096

Marketing, merchandising and distribution costs	604,887		475,747		366,654
Compensation and benefits	231,131		176,080		115,732
Other operating costs(1)	247,697		125,832		92,032
Segment expenses	1,083,715		777,659		574,418

Operating income	73,632		158,027		149,678
Other income, net	2,785		1,294		1,210
Impairment of equity investment	—		—		(2,875)
Interest expense, net	(35,284)		(13,813)		(7,023)
Loss on extinguishment of debt	(674)		(13)		—
Income tax expense	(14,141)		(33,406)		(13,327)
Net income	$	26,318	$	112,089	$	127,663

(1) Other operating costs include change in fair value of contingent consideration, general and administrative expenses, depreciation and amortization.