Segment Information (Tables)

12 Months Ended

Dec. 31, 2024

Financial information, including segment revenue, significant segment expenses, and profit or loss for each of the three most recent fiscal years is presented in the table below:


	Year Ended December 31,
	2024		2023		2022
Net sales	$	975,177	$	766,895	$	595,344
Input costs (a)	(289,642)		(261,511)		(209,561)
Quality costs (b)	(25,103)		(31,443)		(32,149)
Logistics costs (c)	(58,424)		(57,517)		(63,702)
Media costs (d)	(111,269)		(85,483)		(62,511)
Plant costs and other costs of goods sold (e)	(206,177)		(171,020)		(142,121)
Other segment selling, general and administrative items (f)	(121,884)		(107,754)		(78,827)
Depreciation and amortization	(73,615)		(58,517)		(34,555)
Share-based compensation	(49,780)		(19,775)		(23,505)
Loss on disposals of equipment	(1,284)		(4,321)		(396)
Interest and other income	11,868		13,029		1,710
Interest expense	(12,262)		(14,097)		(5,208)
Gain on equity investment	9,918		—		—
Loss on equity method investment	—		(1,890)		(3,731)
Income tax expense	(598)		(210)		(282)
Consolidated net income (loss)	$	46,925	$	(33,614)	$	(59,494)

(a) Input costs include expenses related to the procurement of raw materials and packaging materials used in the production of finished goods.

(b) Quality costs include expenses related to quality control processes in place over the production of our dog and cat food products. This includes high pressure processing costs, which is a food preservation method that uses high pressure and cold water to inactivate pathogens and extend shelf life.

(c) Logistics costs include expenses related to the transportation of finished goods from production facilities to our customers and certain warehousing costs.

(d) Media costs include expenses related to advertising through media outlets.

(e) Plant costs and other cost of goods sold items include plant employee costs and administrative expenses directly related to the cost of goods sold.

(f) Other segment selling, general and administrative items include employee costs, chiller expenses, loss on disposals, and other administrative selling expenses.