v3.26.1
Segment Reporting (Tables)
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information The following table presents selected financial information with respect to the Company’s single reportable segment for the three and six months ended June 30, 2026 and 2025:
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
(in thousands)
Net sales$1,765,476 $1,444,876 $3,178,282 $2,667,514 
Less:
Cost of sales905,139 736,709 1,622,977 1,356,121 
Advertising expenses and consumer insight initiatives184,886 163,821 287,482 257,836 
Personnel expenses(1)
168,034 140,979 321,274 280,975 
Delivery and distribution expenses124,986 98,834 231,758 189,008 
Professional service expenses(2)
43,235 31,410 83,915 65,722 
Merchant, processing, and other fees26,740 20,762 46,694 40,386 
Facilities and technology support costs23,526 20,698 44,423 42,627 
Depreciation and amortization expenses(3)
18,280 17,196 37,068 33,953 
Prototypes and testing expenses17,108 13,651 31,980 24,138 
Other segment items(4)
74,162 32,169 126,806 63,155 
Interest expense, net7,890 13,765 14,497 26,394 
Other expense (income), net7,797 (26,003)18,133 (39,219)
Provision for income taxes33,877 41,287 59,997 68,985 
Segment net income$129,816 $139,598 $251,278 $257,433 
Reconciliation of profit or loss
Adjustments and reconciling items— — — — 
Consolidated net income$129,816 $139,598 $251,278 $257,433 

(1)Excludes share-based compensation, a non-cash expense related to awards issued from the SharkNinja Equity Incentive Plan. These costs have been excluded from personnel expenses and reclassified to other segment items, as they are not presented to or reviewed by the CODM.

(2)Excludes litigation costs incurred and related settlements for certain patent infringement claims, false advertising claims against the Company, and product safety concerns, and excludes costs incurred related to the voluntary product recall. These costs have been excluded from professional service expenses and reclassified to other segment items, as they are not presented to or reviewed by the CODM.

(3)Excludes amortization of acquired intangible assets that the Company does not consider normal recurring operating expenses, as the intangible assets relate to JS Global’s acquisition of the Company’s business. These costs have been excluded from depreciation and amortization expenses and reclassified to other segment items, as they are not presented to or reviewed by the CODM.

(4)Other segment items include travel expenses, commissions, miscellaneous expenses and the expenses listed in Notes 1 through 3 above.