Quarterly report [Sections 13 or 15(d)]

Segment Reporting (Tables)

v3.25.3
Segment Reporting (Tables)
 9 Months Ended
Sep. 30, 2025
Segment Reporting [Abstract]  
Schedule of Segment Revenue, Gross Profit, and Net Income (Loss)
The following table presents segment revenue, gross profit, and net loss for the periods presented in thousands:
Three Months Ended September 30, Nine Months Ended September 30,
2025 2024 2025 2024
Net revenue $ 126,459  $ 81,102  $ 331,205  $ 268,361 
Cost of net revenue 54,558  37,022  143,948  124,827 
Gross profit 71,901  44,080  187,257  143,534 
Less:
Employee related 71,776  54,868  194,522  185,279 
Depreciation and amortization 4,291  4,404  13,295  13,117 
Design and prototype expenses 9,948  15,190  29,796  47,884 
Professional fees 11,690  3,614  24,184  13,489 
Occupancy expenses 4,221  4,682  12,735  14,384 
Restructuring expenses 11,264  26,828  24,723  50,323 
Impairment of intangibles —  1,237  —  1,237 
Impairment of investments —  11,768  —  11,768 
Interest and other (income) expense, net 2,099  3,987  11,093  3,948 
Income tax expense (benefit) 2,097  (6,713) (1,307) (10,535)
Segment net loss $ (45,485) $ (75,785) $ (121,784) $ (187,360)