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Revenue | 9 Months Ended
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Sep. 30, 2025
Revenue from Contract with Customer [Abstract] |
Revenue | Revenue The following table shows the Company’s Automotive revenue, Premium Audio revenue and Other revenue disaggregated by geographical location for Automotive and Premium Audio Products for the three and nine months ended September 30, 2025 and 2024 (which did not include VOXX), respectively:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
Revenue | 2025 |  | 2024 |  | 2025 |  | 2024
Automotive Products |  |  |  |  |  |  |
U.S. | $ | 194,079,001 |  |  | $ | 170,939,124 |  |  | $ | 529,664,401 |  |  | $ | 501,028,383 |
Japan | 94,926,206 |  |  | 100,415,089 |  |  | 289,386,190 |  |  | 271,681,510 |
Germany | 55,762,738 |  |  | 69,610,212 |  |  | 188,443,494 |  |  | 216,815,930 |
Korea | 45,200,046 |  |  | 41,644,963 |  |  | 140,006,326 |  |  | 126,797,525 |
Mexico | 49,303,782 |  |  | 57,803,114 |  |  | 142,655,314 |  |  | 143,380,199 |
China | 39,107,300 |  |  | 55,123,069 |  |  | 115,143,249 |  |  | 153,425,003 |
Other | 95,281,115 |  |  | 100,983,827 |  |  | 310,354,499 |  |  | 320,283,139 |
Total Automotive Products | $ | 573,660,188 |  |  | $ | 596,519,398 |  |  | $ | 1,715,653,473 |  |  | $ | 1,733,411,689 |
Premium Audio Products |  |  |  |  |  |  |
U.S. | $ | 20,855,043 |  |  | $ | — |  |  | $ | 50,788,155 |  |  | $ | — |
Other | 22,137,311 |  |  | — |  |  | 36,694,796 |  |  | — |
Total Premium Audio Products | $ | 42,992,354 |  |  | — |  |  | $ | 87,482,951 |  |  | — |
Other | 38,583,513 |  |  | 12,006,379 |  |  | 86,730,931 |  |  | 38,265,077 |
Total Revenue | $ | 655,236,055 |  |  | $ | 608,525,777 |  |  | $ | 1,889,867,355 |  |  | $ | 1,771,676,766 |
Revenue by geographic area may fluctuate based on many factors, including: exposure to local economic, political, and labor conditions; global supply chain constraints; unexpected changes in laws, regulations, and trade, monetary, or fiscal policy, including interest rates, foreign currency exchange rates, and changes in the rate of inflation in the U.S. and other foreign countries; labor strikes; armed conflicts and acts of terrorism and war; tariffs, quotas, customs, and other import or export restrictions; and other trade barriers. The following table disaggregates the Company’s Automotive, Premium Audio, and Other revenue by major source for the three and nine months ended September 30, 2025 and 2024 (which did not include VOXX), respectively:
| Three Months Ended September 30, |  | Nine Months Ended September 30, |  |
Revenue | 2025 |  | 2024 |  | 2025 |  | 2024 |  |
Automotive Products |  |  |  |  |  |  |  |  |
Automotive Mirrors & Electronics | $ | 543,621,123 |  |  | $ | 559,477,924 |  |  | $ | 1,622,650,500 |  |  | $ | 1,640,221,054 |  |  |
HomeLink Modules* | 30,039,065 |  |  | 37,041,474 |  |  | 93,002,973 |  |  | 93,190,635 |  |  |
Total Automotive Products | $ | 573,660,188 |  |  | $ | 596,519,398 |  |  | $ | 1,715,653,473 |  |  | $ | 1,733,411,689 |  |  |
Premium Audio Products |  |  |  |  |  |  |  |  |
Premium Speaker Products | $ | 30,733,817 |  |  | $ | — |  |  | $ | 63,164,308 |  |  | $ | — |  |  |
Premium Receiver Products | 12,258,537 |  |  | — |  |  | 24,318,643 |  |  | — |  |  |
Total Premium Audio Products | $ | 42,992,354 |  |  | $ | — |  |  | $ | 87,482,951 |  |  | $ | — |  |  |
Other |  |  |  |  |  |  |  |  |
Fire Protection Products | $ | 5,380,623 |  |  | $ | 6,924,748 |  |  | $ | 20,180,600 |  |  | $ | 21,114,450 |  |  |
Windows Products | 3,851,412 |  |  | 4,272,033 |  |  | 12,738,913 |  |  | 16,329,426 |  |  |
Medical Products | 323,712 |  |  | 809,598 |  |  | 955,968 |  |  | 821,201 |  |  |
Aftermarket Products | 18,579,363 |  |  | — |  |  | 33,802,443 |  |  | — |  |  |
Consumer Electronic Products | 7,693,064 |  |  | — |  |  | 15,170,103 |  |  | — |  |  |
Biometric Products | 2,755,339 |  |  | — |  |  | 3,882,904 |  |  | — |  |  |
Total Other | $ | 38,583,513 |  |  | $ | 12,006,379 |  |  | $ | 86,730,931 |  |  | $ | 38,265,077 |  |  |
Total Revenue | $ | 655,236,055 |  |  | $ | 608,525,777 |  |  | $ | 1,889,867,355 |  |  | $ | 1,771,676,766 |  |  |
*Excludes HomeLink revenue where HomeLink electronics are integrated into interior auto-dimming mirrors. |  |
Sales Incentives In conjunction with the acquisition of VOXX on April 1, 2025, the Company assumed liabilities for sales incentives valued at $13.4 million. Sales incentives are offered to customers in the form of (1) co-operative advertising allowances; (2) market development funds; (3) volume incentive rebates; and (4) other trade allowances. The Company accounts for sales incentives in accordance with ASC 606 "Revenue from Contracts with Customers" ("ASC 606"). These sales incentives represent variable consideration provided to customers. Depending on the specific facts and circumstances, either the most likely amount or expected value methods are utilized to estimate the effect of uncertainty on the amount of variable consideration to which the Company would be entitled. The most likely amount method considers the single most likely amount from a range of possible consideration amounts, while the expected value method is the sum of the probability-weighted amounts in a range of possible consideration amounts. Both methods are based upon the contractual terms of the incentives and historical experience with each customer. Except for other trade allowances, all sales incentives require the customer to purchase the Company's products during a specified period of time. All sales incentives require customers to claim the sales incentive within a certain time period (referred to as the "claim period") and claims are settled either by the customer claiming a deduction against an outstanding account receivable or by the customer requesting a cash payout. All costs associated with sales incentives are classified as a reduction of net sales. Although the Company makes its best estimate of its sales incentive liability, many factors, including significant unanticipated changes in the purchasing volume of its customers and the lack of claims made by customers, could have a significant impact on the sales incentives liability and reported operating results. The balance of accrued sales incentives at September 30, 2025 was $14.9 million and is included within Accrued liabilities on the Unaudited Condensed Consolidated Balance Sheet.

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-7 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-9 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-10 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-15 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-13 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Topic 606 -Publisher FASB -URI https://asc.fasb.org/606/tableOfContent + Details
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