v3.26.1
Segment Information
6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Segment Information Segment Information
Operating segments are defined as components of an enterprise for which separate financial information is evaluated regularly by the chief operating decision maker (“CODM”), who makes decisions about allocating resources and assessing performance. The Company’s CODM is its Co-Chief Executive Officers.
The Company identified one operating segment and one reportable segment, holistic vision care, which is aligned with how the CODM views the business as a holistic vision care brand with complementary vision care products and services. The holistic vision care segment sells eyewear products and provides optical services directly to customers through its retail and e-commerce platform. The Company derives revenues in the U.S. and Canada and manages business activities on a consolidated basis using the same technology and supply chain infrastructure across channels, products, and geographies.
The accounting policies of the holistic vision care segment are the same as those described in the summary of significant accounting policies.
The CODM assesses performance for the holistic vision care segment and decides how to allocate resources based on net income that is also reported on the income statement as consolidated net income. The measure of segment assets is reported on the balance sheet as total consolidated assets. The CODM uses net income when determining whether to reinvest profits into the holistic vision care segment or to use them for acquisitions or other transactions. Net income is also used in the evaluation of budget versus actual performance.
Segment profit and loss for the holistic vision care segment consists of the following:
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Revenue$235,511 $214,475 $477,958 $438,257 
Less:
Cost of goods sold99,054 100,866 210,460 198,668 
Marketing28,745 26,040 56,788 53,913 
Other selling, general, and administrative costs104,545 92,094 205,876 187,730 
Interest and other income, net(2,084)(1,984)(4,415)(4,439)
Provision for income taxes607 (789)1,428 665 
Segment and consolidated net income (loss)$4,644 $(1,752)$7,821 $1,720