v3.26.3
GOODWILL AND INTANGIBLES (Tables)
 9 Months Ended
Sep. 30, 2026
Intangible Asset, Goodwill and Other [Abstract]  
Schedule of Goodwill
The following table reflects goodwill as of September 30, 2026 and December 31, 2025. As of each reporting date, the Company concluded there were no indicators of goodwill impairment.
Goodwill
Balance at December 31, 2024$71,582 
Alani Nu Acquisition [1]
734,404 
Rockstar Acquisition109,827 
Foreign currency translation1,747 
Balance at December 31, 2025$917,560 
Alani Nu measurement period adjustment [2]
2,559 
Foreign currency translation(509)
Balance at September 30, 2026$919,610 
[1] Goodwill recognized in connection with the Alani Nu Acquisition reflected the preliminary purchase price allocation as of December 31, 2025.
[2] See Note 5. Acquisitions, for additional information about the measurement period adjustment.
Schedule of Finite-Lived Intangible Assets
The carrying amounts and accumulated amortization of intangible assets, net of the impact of foreign exchange rate fluctuations and prior impairments, as of September 30, 2026 and December 31, 2025 are as follows:
Estimated Weighted Average Useful Life in Years
September 30, 2026
December 31, 2025
Definite-lived intangible assets
Customer relationships7.45$131,685 $132,183 
Brands
3
500 500 
Less: accumulated amortization(38,378)(20,773)
Definite-lived intangible assets, net$93,807 $111,910 
Indefinite-lived intangible assets - Brands [1]
indefinite$1,280,000 $1,280,005 
Brands-net$1,280,181 $1,280,311 
Customer relationships-net$93,626 $111,604 
[1] During the year ended December 31, 2025, the Company recognized an impairment loss of $0.5 million related to the Func Food brand. The carrying amount presented reflects the adjusted basis following recognition of the impairment loss. No impairment loss was recognized during the three or nine months ended September 30, 2026.
Schedule of Indefinite-Lived Intangible Assets
The carrying amounts and accumulated amortization of intangible assets, net of the impact of foreign exchange rate fluctuations and prior impairments, as of September 30, 2026 and December 31, 2025 are as follows:
Estimated Weighted Average Useful Life in Years
September 30, 2026
December 31, 2025
Definite-lived intangible assets
Customer relationships7.45$131,685 $132,183 
Brands
3
500 500 
Less: accumulated amortization(38,378)(20,773)
Definite-lived intangible assets, net$93,807 $111,910 
Indefinite-lived intangible assets - Brands [1]
indefinite$1,280,000 $1,280,005 
Brands-net$1,280,181 $1,280,311 
Customer relationships-net$93,626 $111,604 
[1] During the year ended December 31, 2025, the Company recognized an impairment loss of $0.5 million related to the Func Food brand. The carrying amount presented reflects the adjusted basis following recognition of the impairment loss. No impairment loss was recognized during the three or nine months ended September 30, 2026.
Schedule of Future Estimated Amortization Expense
The following table reflects the future estimated amortization expense remaining as of September 30, 2026 related to definite-lived intangible assets:
2026$5,908 
202723,606 
202823,467 
202923,467 
20306,793 
Thereafter10,566 
Total
$93,807