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Segment Report
9 Months Ended
Sep. 30, 2026
Segment Reporting [Abstract]  
Segment Report Segment Report
The Company operates and evaluates its business as a single reportable segment. The following is the summary of the financial information for the Company’s reportable segment:
Three Months Ended September 30,Nine Months Ended September 30,
2026202520262025
(in thousands)
Net sales$134,742 $124,516 $387,991 $352,126 
Less (add):
Cost of goods sold89,611 81,598 224,174 219,339 
Shipping and transportation13,876 11,082 37,482 31,945 
Salaries and benefits10,879 9,992 30,885 28,332 
Professional services1,303 1,258 4,159 3,880 
Depreciation and amortization1,204 1,186 3,560 3,470 
Rent expense3,333 3,297 9,658 9,389 
Marketing expense2,038 1,344 5,489 4,434 
Online platform fees2,486 1,606 6,492 5,738 
Warehouse expense1,579 1,145 4,267 3,099 
Stock-based compensation655 253 1,493 1,044 
Secondary offering transaction costs— — — 214 
(Gain) loss, net, on disposal of property and equipment(52)(403)8 (703)
Interest expense420 539 1,254 1,569 
Provision for income taxes1,125 2,304 12,743 7,884 
Other segment expenses*2,958 3,585 9,386 9,002 
Interest income(518)(415)(1,965)(1,657)
Other income, net(881)(1,458)(2,610)(323)
Segment net income4,726 7,603 41,516 25,470 
Reconciliation of segment net income to consolidated net income
Adjustments and reconciling items— — — — 
Consolidated net income$4,726 $7,603 $41,516 $25,470 
* Other segment expenses include property taxes, insurance expenses, office expenses, bad debt expenses, and utilities.

There are no changes in the basis of segmentation or measurement of segment profit or loss since December 31, 2025. The Company’s long-lived assets are almost entirely located in the United States, and similarly its revenues are almost entirely generated in the United States. Additionally, the segment assets are the same as the assets reported on the condensed consolidated balance sheets.