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Segment Information (Tables)
12 Months Ended
Dec. 31, 2023
Segment Reporting [Abstract]  
Summary of Reportable Segments

Information about the Company’s reportable segments are as follows (in thousands):

 

 

Year Ended December 31, 2023

 

 

 

Ecommerce

 

 

Wholesale

 

 

Retail Financing

 

 

All Other

 

 

Total

 

Revenues from external customers

 

$

576,170

 

 

$

104,119

 

 

$

156,938

 

 

$

55,976

 

 

$

893,203

 

Gross profit

 

$

59,231

 

 

$

(34,353

)

 

$

125,610

 

 

$

11,459

 

 

$

161,947

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31, 2022

 

 

 

Ecommerce

 

 

Wholesale

 

 

Retail Financing

 

 

All Other

 

 

Total

 

Revenues from external customers

 

$

1,364,195

 

 

$

293,528

 

 

$

152,542

 

 

$

138,636

 

 

$

1,948,901

 

Gross profit

 

$

99,973

 

 

$

(10,620

)

 

$

138,381

 

 

$

17,053

 

 

$

244,787

 

 

Schedule of Reconciliation Between Reportable Segment Gross Profit to Consolidated Loss Before Provision for Income Taxes

The reconciliation between reportable segment gross profit to consolidated loss before provision for income taxes is as follows (in thousands):

 

 

Year Ended
December 31,

 

 

 

2023

 

 

2022

 

Reconciliation to consolidated total revenue

 

 

 

 

 

 

Total reportable segment revenue

 

$

837,227

 

 

$

1,810,265

 

All Other revenues

 

 

55,976

 

 

 

138,636

 

Consolidated total revenue

 

$

893,203

 

 

$

1,948,901

 

Reconciliation to consolidated loss before (benefit) provision for income taxes

 

 

 

 

 

 

Total reportable segment gross profit

 

$

150,488

 

 

$

227,734

 

All Other gross profit

 

 

11,459

 

 

 

17,053

 

Selling, general and administrative expenses

 

 

340,657

 

 

 

566,387

 

Depreciation and amortization

 

 

42,769

 

 

 

38,290

 

Impairment charges

 

 

48,748

 

 

 

211,873

 

Gain on debt extinguishment

 

 

(37,878

)

 

 

(164,684

)

Interest expense

 

 

45,445

 

 

 

40,693

 

Interest Income

 

 

(21,158

)

 

 

(19,363

)

Other loss, net

 

 

108,289

 

 

 

43,181

 

Consolidated loss before provision (benefit) for income taxes

 

$

(364,925

)

 

$

(471,590

)