Item 2. Properties
Item 2. Properties
As of December 31, 2025, the Company leases various properties in support of its operations and single reportable segment. The following table summarizes our principal properties:
Location Type Sq. Feet Expiration
Lehi, Utah Corporate Headquarters 120,044 6/30/2027
Hebron, Kentucky Warehouse 259,200 2/28/2027
North Las Vegas, Nevada Warehouse 114,400 2/29/2032
Lehi, Utah (1)
Office / Warehouse 21,400 12/31/2026
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(1) Facility is leased from iServe Investments, LLC, an entity controlled by David Wright, our Chief Executive Officer and co-founder, and Melanie Alder, our Chief Strategy Officer and co-founder. See Note 16—Related-Party Lease Agreement, in the notes to the consolidated financial statements, included in Part II, Item 8, Financial Statements and Supplementary Data, in this Annual Report on Form 10-K for more information.
The Company also leases additional facilities in Europe, Australia and Asia to support our sales and logistics, none of which are individually material to our operations. We believe that our existing facilities are suitable and adequate for our current operations. We periodically review our property portfolio to ensure alignment with our business needs and may acquire or dispose of properties as necessary.
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