v3.26.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 29, 2025
Revenue, net $ 168,261 $ 186,571
Cost of revenue 49,589 53,695
Gross profit 118,672 132,876
Marketing expenses 92,934 78,778
Product development expenses 8,093 11,121
Selling, general and administrative expenses 48,084 35,629
Franchise rights acquired impairments   27,549
Operating loss (30,439) (20,201)
Interest expense 11,475 27,603
Other (income) expense, net (737) 2,206
Loss before income taxes (41,177) (50,010)
Provision for income taxes 10,823 22,575
Net (loss) income $ (52,000) $ (72,585)
Net loss per share    
Basic $ (5.2) $ (0.91)
Diluted $ (5.2) $ (0.91)
Weighted average common shares outstanding    
Basic 9,996 80,129
Diluted 9,996 80,129
Subscription    
Revenue, net $ 167,357 $ 185,180
Cost of revenue 49,445 53,587
Other    
Revenue, net 904 1,391
Cost of revenue $ 144 $ 108