v3.26.1
SEGMENT REPORTING - Schedule of Reportable Segment (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Mar. 31, 2026
Jun. 30, 2025
Mar. 31, 2025
Jun. 30, 2026
Jun. 30, 2025
Segment Reporting [Line Items]            
Revenue [1] $ 817,925   $ 739,259   $ 1,600,540 $ 1,068,535
Gross profit 393,688   380,851   771,755 553,224
Total other expense, net (5,725)   (13,500)   (7,182) (4,538)
Net income before provision for income taxes 69,530   129,465   207,066 190,458
Provision for income taxes (14,237)   (29,610)   (41,674) (46,184)
Net income 55,293 $ 110,099 99,855 $ 44,419 165,392 144,274
Reportable Segment            
Segment Reporting [Line Items]            
Revenue 817,925   739,259   1,600,540 1,068,535
Cost of revenue (excluding outbound freight) (373,596)   (318,277)   (722,421) (460,752)
Outbound freight (50,641)   (40,131)   (106,364) (54,559)
Gross profit 393,688   380,851   771,755 553,224
Selling and marketing expenses (181,903)   (150,842)   (332,495) (231,738)
General and administrative expenses (55,670)   (87,044)   (139,725) (126,490)
Distributor termination fees (80,860)   0   (85,287) 0
Total other expense, net (5,725)   (13,500)   (7,182) (4,538)
Net income before provision for income taxes 69,530   129,465   207,066 190,458
Provision for income taxes (14,237)   (29,610)   (41,674) (46,184)
Net income $ 55,293   $ 99,855   $ 165,392 $ 144,274
[1] Includes $492.3 million and $954.0 million for the three and six months ended June 30, 2026 respectively, and $245.8 million and $434.3 million for the three and six months ended June 30, 2025, respectively, in each case from a related party.