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Segments and Disaggregated Revenue Information | 6 Months Ended
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Jun. 30, 2026
Segment Reporting [Abstract] |
Segments and Disaggregated Revenue Information | Segments and Disaggregated Revenue Information The Company identifies its segments according to how the business activities are managed and evaluated and for which discrete financial information is available and reviewed by its Chief Operating Decision Maker (“CODM”) to allocate resources and assess performance. Because the CODM reviews financial performance and allocates resources at a consolidated level on a regular basis, the Company has one segment. There were no changes to the CODM nor the CODM information which is regularly provided and reviewed during the three months ended June 30, 2026. The CODM assesses performance for the segment and decides how to allocate resources (including employees, property, financial, and capital resources) based on consolidated net loss that also is reported on the Company's consolidated statements of operations. The CODM uses consolidated net loss to monitor budget-to-actual results on a monthly basis. During the monthly finance review, consolidated net loss along with other finance metrics are presented to the CODM to understand how branded categories are tracking to budget, specific to net sales. During the three and six months ended June 30, 2026, there were no changes to the measures used for finance metrics utilized. The following table sets forth segment information for revenue, segment net loss and significant expenses:
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2026 |  | 2025 |  | 2026 |  | 2025
| (in thousands)
Net sales | $ | 207,719 |  |  | $ | 193,469 |  |  | $ | 408,638 |  |  | $ | 384,208 |
Less: |  |  |  |  |  |  |
Product, freight, duties, shipping and other inventoriable costs | 53,281 |  |  | 95,469 |  |  | 135,189 |  |  | 176,662 |
License and royalty costs | 36,809 |  |  | 35,960 |  |  | 66,993 |  |  | 68,635 |
Salaries, benefits, incentive and stock compensation | 36,505 |  |  | 39,695 |  |  | 72,209 |  |  | 75,516 |
Warehouse labor and third-party logistics fees | 7,078 |  |  | 7,899 |  |  | 14,428 |  |  | 17,949 |
Advertising and marketing | 10,399 |  |  | 8,610 |  |  | 21,908 |  |  | 19,633 |
Other selling, general and administrative fees | 25,741 |  |  | 26,055 |  |  | 54,865 |  |  | 53,968 |
Depreciation and amortization | 15,767 |  |  | 14,528 |  |  | 30,541 |  |  | 29,790 |
Interest and other expense, net | 5,678 |  |  | 5,409 |  |  | 11,018 |  |  | 9,426 |
Income tax expense | 1,016 |  |  | 848 |  |  | 4,169 |  |  | 1,692 |
Net income (loss) | $ | 15,445 |  |  | $ | (41,004) |  |  | $ | (2,682) |  |  | $ | (69,063) |
The following table presents summarized product information (in thousands):
| Three Months Ended June 30, |  | Six Months Ended June 30, |  |
| 2026 |  | 2025 |  | 2026 |  | 2025 |  |  |  |
Core Collectible | $ | 171,641 |  |  | $ | 157,477 |  |  | $ | 340,421 |  |  | $ | 301,956 |  |  |  |  |
Loungefly | 31,302 |  |  | 31,847 |  |  | 58,515 |  |  | 67,221 |  |  |  |  |
Other | 4,776 |  |  | 4,145 |  |  | 9,702 |  |  | 15,031 |  |  |  |  |
| $ | 207,719 |  |  | $ | 193,469 |  |  | $ | 408,638 |  |  | $ | 384,208 |  |  |  |  |
The following tables present summarized geographical information, shipped to (net sales) and used in (long-term assets) (in thousands):
| Three Months Ended June 30, |  | Six Months Ended June 30, |  |
| 2026 |  | 2025 |  | 2026 |  | 2025 |  |  |  |
Net sales: |  |  |  |  |  |  |  |  |  |  |
United States | $ | 121,845 |  |  | $ | 117,874 |  |  | $ | 239,198 |  |  | $ | 234,194 |  |  |  |  |
Europe | 68,976 |  |  | 57,784 |  |  | 137,031 |  |  | 117,914 |  |  |  |  |
Other International | 16,898 |  |  | 17,811 |  |  | 32,409 |  |  | 32,100 |  |  |  |  |
Total net sales | $ | 207,719 |  |  | $ | 193,469 |  |  | $ | 408,638 |  |  | $ | 384,208 |  |  |  |  |
| June 30, 2026 |  | December 31, 2025
Long-term assets: |  |  |
United States | $ | 72,985 |  |  | $ | 79,773 |
Europe | 12,545 |  |  | 13,086 |
Other International | 31,830 |  |  | 32,253 |
Total long-lived assets | $ | 117,360 |  |  | $ | 125,112 |

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