Quarterly report [Sections 13 or 15(d)]

Segment Reporting

v3.25.2
Segment Reporting
 6 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
Segment Reporting Segment Reporting
The following table presents segment revenue, gross profit, and net loss for the periods presented in thousands:
Three Months Ended June 30, Six Months Ended June 30,
2025 2024 2025 2024
Net revenue $ 108,813  $ 91,990  $ 204,746  $ 187,259 
Cost of net revenue 47,288  41,804  89,390  87,805 
Gross profit 61,525  50,186  115,356  99,454 
Less:
Employee related 55,643  60,667  122,746  130,411 
Depreciation and amortization 4,541  4,353  9,004  8,713 
Design and prototype expenses 10,177  15,426  19,848  32,694 
Professional fees 5,983  4,821  12,494  9,875 
Occupancy expenses 4,216  4,874  8,514  9,702 
Restructuring expenses 5,580  865  13,459  23,495 
Interest and other (income) expense, net 6,086  506  8,994  (39)
Income tax benefit (4,115) (2,060) (3,404) (3,822)
Segment net loss $ (26,586) $ (39,266) $ (76,299) $ (111,575)