Annual report [Section 13 and 15(d), not S-K Item 405]

Segment Reporting

v3.25.4
Segment Reporting
 12 Months Ended
Dec. 31, 2025
Segment Reporting [Abstract]  
Segment Reporting Segment Reporting
The following table presents segment revenue, gross profit, and net income (loss):
Year Ended December 31,
2025 2024 2023
(in thousands)
Net revenue $ 467,641  $ 360,528  $ 693,263 
Cost of net revenue 201,827  165,746  307,600 
Gross profit 265,814  194,782  385,663 
Less:
Employee related 259,924  243,231  268,231 
Depreciation and amortization 17,298  17,555  20,109 
Design and prototype expenses 41,687  60,497  69,804 
Professional fees 32,393  23,531  23,409 
Occupancy 16,877  18,704  20,107 
Restructuring 24,525  53,379  19,786 
Impairment of intangibles —  1,237  2,438 
Impairment of investments —  11,769  — 
Interest and other (income) expense, net 14,004  3,596  25,589 
Income tax expense (4,213) 6,481  9,337 
   Segment net income (loss) $ (136,681) $ (245,198) $ (73,147)