Quarterly report [Sections 13 or 15(d)]

Segment Reporting (Tables)

v3.26.3
Segment Reporting (Tables)
 9 Months Ended
Sep. 30, 2026
Segment Reporting [Abstract]  
Schedule of Segment Revenue, Gross Profit, and Net Income (Loss)
The following table presents segment revenue, gross profit, and net income (loss) for the periods presented (in thousands):
Three Months Ended September 30, Nine Months Ended September 30,
2026 2025 2026 2025
Net revenue $ 218,057  $ 126,459  $ 524,092  $ 331,205 
Cost of net revenue 89,987  54,558  219,475  143,948 
Gross profit 128,070  71,901  304,617  187,257 
Less:
Employee related 69,749  71,776  213,419  194,522 
Depreciation and amortization 3,891  4,291  11,760  13,295 
Design and prototype expenses 15,986  9,948  40,686  29,796 
Professional fees 3,706  11,690  16,690  24,184 
Occupancy expenses 4,257  4,221  12,437  12,735 
Restructuring expenses 254  11,264  792  24,723 
Interest and other (income) expense, net 2,057  2,099  5,865  11,093 
Income tax expense (benefit) (732) 2,097  17,443  (1,307)
Segment net income (loss) $ 28,902  $ (45,485) $ (14,475) $ (121,784)