v3.26.1
Segments and Disaggregated Revenue Information
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Segments and Disaggregated Revenue Information Segments and Disaggregated Revenue Information
The Company identifies its segments according to how the business activities are managed and evaluated and for which discrete financial information is available and reviewed by its Chief Operating Decision Maker (“CODM”) to allocate resources and assess performance. Because the CODM reviews financial performance and allocates resources at a consolidated level on a regular basis, the Company has one segment. There were no changes to the CODM nor the CODM information which is regularly provided and reviewed during the three months ended June 30, 2026.
The CODM assesses performance for the segment and decides how to allocate resources (including employees, property, financial, and capital resources) based on consolidated net loss that also is reported on the Company's consolidated statements of operations.
The CODM uses consolidated net loss to monitor budget-to-actual results on a monthly basis. During the monthly finance review, consolidated net loss along with other finance metrics are presented to the CODM to understand how branded categories are tracking to budget, specific to net sales. During the three and six months ended June 30, 2026, there were no changes to the measures used for finance metrics utilized.
The following table sets forth segment information for revenue, segment net loss and significant expenses:
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
(in thousands)
Net sales$207,719 $193,469 $408,638 $384,208 
Less:
Product, freight, duties, shipping and other inventoriable costs
53,281 95,469 135,189 176,662 
License and royalty costs36,809 35,960 66,993 68,635 
Salaries, benefits, incentive and stock compensation36,505 39,695 72,209 75,516 
Warehouse labor and third-party logistics fees7,078 7,899 14,428 17,949 
Advertising and marketing 10,399 8,610 21,908 19,633 
Other selling, general and administrative fees25,741 26,055 54,865 53,968 
Depreciation and amortization15,767 14,528 30,541 29,790 
Interest and other expense, net5,678 5,409 11,018 9,426 
Income tax expense1,016 848 4,169 1,692 
Net income (loss)$15,445 $(41,004)$(2,682)$(69,063)

The following table presents summarized product information (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Core Collectible$171,641 $157,477 $340,421 $301,956 
Loungefly31,302 31,847 58,515 67,221 
Other4,776 4,145 9,702 15,031 
$207,719 $193,469 $408,638 $384,208 
The following tables present summarized geographical information, shipped to (net sales) and used in (long-term assets) (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Net sales:
United States$121,845 $117,874 $239,198 $234,194 
Europe68,976 57,784 137,031 117,914 
Other International16,898 17,811 32,409 32,100 
Total net sales$207,719 $193,469 $408,638 $384,208 
June 30, 2026December 31, 2025
Long-term assets:
United States$72,985 $79,773 
Europe12,545 13,086 
Other International31,830 32,253 
Total long-lived assets$117,360 $125,112