Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Current assets:
Cash and cash equivalents	$ 112,423	$ 189,924
Short-term investments	0	13,484
Accounts receivable, net of allowances of $7,115 and $4,670	91,854	45,653
Factor accounts receivable	311,563	348,659
Inventories	417,016	257,625
Prepaid expenses and other current assets	46,759	34,463
Income tax receivable and prepaid income taxes	21,084	4,887
Total current assets	1,000,699	894,695
Property and equipment, net	115,802	57,388
Operating lease right-of-use asset	235,855	139,695
Deferred tax assets	3,220	610
Deposits and other	22,764	22,214
Goodwill	254,518	183,737
Intangibles, net	281,419	113,432
Total Assets	1,914,277	1,411,771
Current liabilities:
Accounts payable	197,247	206,889
Accrued expenses	258,794	142,452
Operating leases - current portion	58,827	43,172
Income taxes payable	4,488	6,147
Accrued incentive compensation	6,351	15,061
Total current liabilities	525,707	413,721
Contingent payment liability - long-term portion	14,880	7,565
Operating leases - long-term portion	193,145	109,816
Long-term debt	234,166	0
Deferred tax liabilities	36,142	4,628
Other liabilities	6,255	44
Total Liabilities	1,010,295	535,774
Commitments, contingencies and other (Note 15)
STOCKHOLDERS’ EQUITY
Common stock – $0.0001 par value, 245,000 shares authorized, 138,341 and 137,248 shares issued, 72,674 and 72,157 shares outstanding	7	7
Additional paid-in capital	653,607	614,381
Retained earnings	1,771,550	1,787,851
Accumulated other comprehensive loss	(29,465)	(48,291)
Treasury stock – 65,667 and 65,091 shares at cost	(1,529,311)	(1,506,229)
Total Steven Madden, Ltd. stockholders’ equity	866,388	847,719
Noncontrolling interest	37,594	28,278
Total stockholders’ equity	903,982	875,997
Total Liabilities and Stockholders’ Equity	1,914,277	1,411,771
Preferred Stock
STOCKHOLDERS’ EQUITY
Preferred stock – $0.0001 par value, 5,000 shares authorized; none issued; Series A Junior Participating preferred stock – $0.0001 par value, 60 shares authorized; none issued	$ 0	$ 0