v3.26.1
Operating Segments (Tables)
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Schedule of Summarized Financial Information and Assets by Segment
The following tables present summarized financial information for each segment:
Quarter Ended June 30, 2026
Branded SpiritsDistilling SolutionsIngredient SolutionsCorporateTotal
Sales$59,630 $29,220 $35,507 $— $124,357 
Cost of Goods Sold28,034 17,918 31,934 — 77,886 
Gross Profit31,596 11,302 3,573 — 46,471 
Advertising and promotion expense5,546 — 114 23 5,683 
SG&A expense7,945 717 763 10,812 20,237 
Provision for credit loss2,148 — — — 2,148 
Impairment and other751 — — — 751 
Operating income (loss)$15,206 $10,585 $2,696 $(10,835)$17,652 
Depreciation and amortization$2,144 $1,767 $2,119 $356 $6,386 
Quarter Ended June 30, 2025
Branded SpiritsDistilling SolutionsIngredient SolutionsCorporateTotal
Sales$60,520 $50,000 $34,974 $— $145,494 
Cost of Goods Sold28,536 31,188 27,383 — 87,107 
Gross Profit31,984 18,812 7,591 — 58,387 
Advertising and promotion expense6,268 285 331 29 6,913 
SG&A expense8,979 786 970 12,421 23,156 
Change in fair value of contingent consideration8,000 — — — 8,000 
Operating income (loss)$8,737 $17,741 $6,290 $(12,450)$20,318 
Depreciation and amortization$2,145 $2,025 $1,307 $353 $5,830 

Year to Date Ended June 30, 2026
Branded SpiritsDistilling SolutionsIngredient SolutionsCorporateTotal
Sales$103,867 $57,220 $69,697 $— $230,784 
Cost of Goods Sold51,135 37,293 62,303 — 150,731 
Gross Profit52,732 19,927 7,394 — 80,053 
Advertising and promotion expense11,558 86 122 108 11,874 
SG&A expense15,915 1,421 1,635 22,332 41,303 
Provision for credit loss2,148 — — — 2,148 
Impairment and other180,277 — — — 180,277 
Operating income (loss)$(157,166)$18,420 $5,637 $(22,440)$(155,549)
Depreciation and amortization$4,303 $3,565 $4,077 $706 $12,651 
Year to Date Ended June 30, 2025
Branded SpiritsDistilling SolutionsIngredient SolutionsCorporateTotal
Sales$108,747 $96,943 $61,457 $— $267,147 
Cost of Goods Sold54,565 59,451 51,414 — 165,430 
Gross Profit54,182 37,492 10,043 — 101,717 
Advertising and promotion expense13,922 431 651 81 15,085 
SG&A expense17,969 1,438 2,094 22,860 44,361 
Change in fair value of contingent consideration22,700 — — — 22,700 
Operating income (loss)$(409)$35,623 $7,298 $(22,941)$19,571 
Depreciation and amortization$4,285 $4,080 $2,578 $695 $11,638 
The following table allocates assets to each segment as of:
June 30, 2026December 31, 2025
Identifiable Assets
Branded Spirits$550,586 $734,459 
Distilling Solutions337,437 342,449 
Ingredient Solutions139,069 133,807 
Corporate30,671 25,149 
Total$1,057,763 $1,235,864