v3.25.4
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE (LOSS) INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Income Statement [Abstract]      
Net sales $ 652,862 $ 560,968 $ 322,108
Cost of goods sold 277,712 243,882 193,813
Gross profit 375,150 317,086 128,295
Operating expenses:      
Selling, general and administrative expense 77,575 66,901 46,513
Amortization expense 59,696 55,032 55,065
Founders advisory fees - related party 435,163 198,308 (108,481)
Intangible impairment 0 0 40,738
Other operating expense 3,646 612 10
Total operating expenses 576,080 320,853 33,845
Operating (loss) income (200,930) (3,767) 94,450
Other expense (income):      
Interest expense, net 39,135 40,461 41,378
Gain on contingent earn-out 0 0 (7,273)
Foreign currency (gain) loss (3,038) 2,443 (1,655)
Other (income) expense, net (780) 192 417
Total other expense, net 35,317 43,096 32,867
(Loss) income before income taxes (236,247) (46,863) 61,583
Income tax benefit 29,881 40,958 5,903
Net (loss) income (206,366) (5,905) 67,486
Other comprehensive income (loss), net of tax:      
Foreign currency translation adjustments 32,862 (19,522) 5,761
Total comprehensive (loss) income $ (173,504) $ (25,427) $ 73,247
(Loss) earnings per share:      
Basic (in usd per share) $ (1.37) $ (0.04) $ 0.44
Diluted (in usd per share) $ (1.37) $ (0.04) $ 0.41
Weighted average number of shares outstanding:      
Basic (in shares) 150,370,533 145,713,439 154,666,717
Diluted (in shares) 150,370,533 145,713,439 166,452,022