v3.26.1
Summary of Significant Accounting Policies (Tables)
 6 Months Ended
Jun. 30, 2026
Accounting Policies [Abstract]  
Schedules of Concentration of Risk, by Risk Factor
The following table summarizes the Company’s customers that represented 10% or more of accounts receivable, net:
As of
June 30, 2026
December 31, 2025
Customer A21.9 %22.0 %
Customer B11.3*
Customer C11.711.8 
* Represents less than 10%

The following table summarizes the Company’s customers that represented 10% or more of net sales:
 
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Customer A26.5 %25.4 %22.3 %22.2 %
Customer B11.5 12.5 11.5 11.0 
Customer C*11.2 10.6 12.0 
 * Represents less than 10%
Schedules of Accounts Receivable, Allowance for Credit Loss
Below is a rollforward of the Company’s allowance for credit losses:
 
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
(in thousands)
Beginning balance$3,622 $10,480 $3,863 $7,856 
Provision for credit losses272 204 572 3,382 
Write-offs and other adjustments(244)(6,122)(785)(6,676)
Ending balance$3,650 $4,562 $3,650 $4,562 
Schedules of Disaggregation of Revenue
The following table summarizes net sales by region based on the billing address of customers:
 
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
AmountPercentage of Net SalesAmountPercentage of Net SalesAmountPercentage of Net SalesAmountPercentage of Net Sales
(in thousands, except percentages)
Domestic(1)
$1,141,897 64.7%$988,453 68.4%$2,057,888 64.7%$1,833,541 68.7%
International(2)
623,579 35.3 456,423 31.6 1,120,394 35.3 833,973 31.3 
Total net sales$1,765,476 100.0%$1,444,876 100.0%$3,178,282 100.0%$2,667,514 100.0%
 
(1) Domestic consists of net sales in the United States and Canada. Net sales from the United States represented 61.5% and 63.7% of total net sales for the three months ended June 30, 2026 and 2025, respectively; and 61.2% and 63.6% of total net sales for the six months ended June 30, 2026 and 2025, respectively.
(2) International consists of net sales in markets outside the United States and Canada. Net sales from the United Kingdom represented 14.5% and 14.9% of total net sales for the three months ended June 30, 2026 and 2025, respectively; and 14.9% and 15.0% of total net sales for the six months ended June 30, 2026 and 2025, respectively.

The following table presents net sales by brand:
 
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
AmountPercentage of Net SalesAmountPercentage of Net SalesAmountPercentage of Net SalesAmountPercentage of Net Sales
(in thousands, except percentages)
Shark$807,829 45.8%$674,371 46.7%$1,518,514 47.8%$1,253,680 47.0%
Ninja957,647 54.2 770,505 53.3 1,659,768 52.2 1,413,834 53.0 
Total net sales$1,765,476 100.0%$1,444,876 100.0%$3,178,282 100.0%$2,667,514 100.0%
The following table presents net sales by product category:
 
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
AmountPercentage of Net SalesAmountPercentage of Net SalesAmountPercentage of Net SalesAmountPercentage of Net Sales
(in thousands, except percentages)
Cleaning Appliances$522,046 29.5%$501,479 34.7%$1,038,596 32.7%$942,903 35.3%
Cooking and Beverage Appliances499,033 28.3365,718 25.3913,623 28.7711,655 26.7
Food Preparation Appliances458,614 26.0404,787 28.0746,145 23.5702,179 26.3
Beauty and Home Environment Appliances285,783 16.2172,892 12.0479,918 15.1310,777 11.7
Total net sales$1,765,476 100.0%$1,444,876 100.0%$3,178,282 100.0%$2,667,514 100.0%
Schedule of Product Warranty Liability
Product warranty liabilities and changes were as follows:
 
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
(in thousands)
Beginning balance$34,656 $24,612 $38,232 $26,955 
Accruals for warranties issued14,825 14,015 22,520 24,111 
Settlements made(13,975)(6,460)(25,246)(18,899)
Ending balance$35,506 $32,167 $35,506 $32,167