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Revenue Recognition (Tables)

6 Months Ended

Jun. 30, 2025

Revenue from Contract with Customer [Abstract]

Schedule of Contract Assets and Liabilities

The following table summarizes our contract assets and certain contract liabilities (in thousands):

			June 30, 2025						December 31, 2024						December 31, 2023
Accounts receivable			$	2,707					$	7,271					$	7,496
Contract Balances:
Contract assets, current portion			$	1,936					$	1,531					$	1,547
Contract assets, net of current portion			8,631						7,848						8,716
Contract liabilities, current portion			(5,016)						(9,693)						(9,205)
Contract liabilities, net of current portion			(3,095)						(5,762)						(4,641)
Contract assets (liabilities), net			$	2,456					$	(6,076)					$	(3,583)

The following tables provide a roll-forward of our netted contract assets and contract liabilities (in thousands):

			Contract (Liabilities) Assets, Net
Balance at December 31, 2024			$	(6,076)
Revenues recognized that were included in gross contract liabilities at December 31, 2024			15,082
Contract assets reclassified to accounts receivable in the six months ended June 30, 2025			(6,185)
Cash received in advance since prior year and remained in net contract liabilities at period-end			(508)
Contract terminations in 2025			143
Balance at June 30, 2025			$	2,456

			Contract Liabilities, Net
Balance at December 31, 2023			$	(3,583)
Revenues recognized that were included in gross contract liabilities at December 31, 2023			13,195
Contract assets reclassified to accounts receivable in the six months ended June 30, 2024			(11,882)
Cash received in advance since prior year and remained in net contract liabilities at period-end			(1,934)
Balance at June 30, 2024			$	(4,204)

Schedule of Revenue from External Customers by Products and Services

The following table disaggregates revenue by type (in thousands):

			Three Months Ended June 30, 2025																														Six Months Ended June 30, 2025
			Direct-to-Consumer						Licensing						Corporate						All Other						Total						Direct-to-Consumer						Licensing						Corporate						All Other						Total
Consumer products			$	16,493					$	—					$	—					$	—					$	16,493					$	32,824					$	—					$	—					$	—					$	32,824
Trademark licensing			—						10,932						—						—						10,932						—						22,317						—						—						22,317
Digital subscriptions and products			—						—						—						588						588						—						—						—						1,434						1,434
Events and sponsorships			—						—						135						—						135						—						—						448						—						448
Total revenues			$	16,493					$	10,932					$	135					$	588					$	28,148					$	32,824					$	22,317					$	448					$	1,434					$	57,023

			Three Months Ended June 30, 2024																														Six Months Ended June 30, 2024
			Direct-to-Consumer						Licensing						Corporate						All Other						Total						Direct-to-Consumer						Licensing						Corporate						All Other						Total
Consumer products			$	14,504					$	—					$	—					$	—					$	14,504					$	33,244					$	—					$	—					$	—					$	33,244
Trademark licensing			—						5,335						—						—						5,335						—						9,482						—						—						9,482
Digital subscriptions and products			—						—						—						3,416						3,416						—						—						—						7,158						7,158
TV and cable programming			—						—						—						1,630						1,630						—						—						—						3,320						3,320
Total revenues			$	14,504					$	5,335					$	—					$	5,046					$	24,885					$	33,244					$	9,482					$	—					$	10,478					$	53,204

The following table disaggregates revenue by point in time versus over time (in thousands):

			Three Months Ended June 30,												Six Months Ended June 30,
			2025						2024						2025						2024
Point in time			$	16,628					$	15,837					$	33,334					$	36,125
Over time			11,520						9,048						23,689						17,079
Total revenues			$	28,148					$	24,885					$	57,023					$	53,204

X

- Definition

Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-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

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- References

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X

- Definition

Tabular disclosure of entity-wide revenues from external customers for each product or service or each group of similar products or services if the information is not provided as part of the reportable operating segment information.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 40
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-40

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