| Schedule of Segment Reporting Information, by Segment |
Segment information is as follows (in thousands): | | | | | | | | | | | | | | | | | | | | | | | Fiscal Year Ended March 31 | | | 2026 | | 2025 | | 2024 | | Direct to Consumer: | | | | | | | | Revenue | | $ | 324,927 | | | $ | 415,837 | | | $ | 436,446 | | | Cost of revenue | | 111,186 | | | 145,011 | | | 157,578 | | | Gross profit | | 213,741 | | | 270,826 | | | 278,868 | | | Commerce: | | | | | | | | Revenue | | 69,916 | | | 68,345 | | | 53,738 | | | Cost of revenue | | 41,772 | | | 37,183 | | | 30,454 | | | Gross profit | | 28,144 | | | 31,162 | | | 23,284 | | | Consolidated: | | | | | | | | Revenue | | 394,843 | | | 484,182 | | | 490,184 | | | Cost of revenue | | 152,958 | | | 182,194 | | | 188,032 | | | Gross profit | | $ | 241,885 | | | $ | 301,988 | | | $ | 302,152 | | | | | | | | | | | | | | | | | | | | | | |
Reconciliation: | | | | | | | | | | | | | | | | | | | | | | | Fiscal Year Ended March 31 | | | 2026 | | 2025 | | 2024 | | Total gross profit | | $ | 241,885 | | | $ | 301,988 | | | $ | 302,152 | | | Less: | | | | | | | | Advertising and marketing expenses | | 59,213 | | | 83,756 | | | 79,282 | | | General and administrative expenses | | 222,850 | | | 253,380 | | | 268,390 | | | Loss from operations | | (40,178) | | | (35,148) | | | (45,520) | | | Less: | | | | | | | | Interest income | | 1,880 | | | 4,926 | | | 7,533 | | | Interest expense | | (1,856) | | | (2,788) | | | (4,351) | | | Other income - net | | 1,146 | | | 132 | | | 5,328 | | | Net loss before income taxes | | $ | (39,008) | | | $ | (32,878) | | | $ | (37,010) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
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