Other Assets |
12 Months Ended |
|---|---|
Dec. 31, 2025 | |
| Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract] | |
| Other Assets | Other Assets As of December 31, 2025 and 2024, we reported $50,312 and $50,546 of other assets on the consolidated balance sheets, respectively, related to prepaid advertising credits received in exchange for finished goods and apparel inventory. We measured the non-cash consideration of the prepaid advertising credits based on the standalone selling price of the finished goods inventory at the time of transfer to the counterparty. Based upon the period over which we expect to use these advertising credits (which was extended to December 31, 2031 during the third quarter of 2025), we concluded that $5,880 and $5,040 were current as of December 31, 2025 and 2024, respectively, and have been recorded as "Prepaid expenses and other current assets" on the consolidated balance sheets, and $44,432 and $45,506 were non-current as of December 31, 2025 and 2024, respectively, and have been recorded as "Non-current prepaid marketing expenses" on the consolidated balance sheets.
Prepaid advertising credits are recorded upon revenue recognition, coinciding with the transfer of the finished goods inventory. We recognized $4,963, $23,925, and $28,901 of revenue for the years ended December 31, 2025, 2024, and 2023, respectively, on the consolidated statements of operations related to shipments of inventory in exchange for prepaid advertising. We utilized $5,198 and $2,280 of prepaid advertising credits for the years ended December 31, 2025 and 2024, respectively.
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- References No definition available.
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- Definition The entire disclosure for other assets. This disclosure includes other current assets and other noncurrent assets. No definition available.
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