v3.25.2
CONDENSED CONSOLIDATED STATEMENTS OF REDEEMABLE CONVERTIBLE PREFERRED STOCK AND STOCKHOLDERS’ EQUITY - UNAUDITED - USD ($)
shares in Millions, $ in Millions
Total
Class A Shares
Class B Shares
Class A and Class B Convertible Common Stock
Class A and Class B Convertible Common Stock
Class A Shares
Class A and Class B Convertible Common Stock
Class B Shares
Additional Paid-in Capital
Accumulated Other Comprehensive Loss
Accumulated Loss
Beginning balance (in shares) at Dec. 31, 2023 14.1                
Beginning balance at Dec. 31, 2023 $ 112.0                
Ending balance (in shares) at Jun. 30, 2024 14.1                
Ending balance at Jun. 30, 2024 $ 112.0                
Beginning balance (in shares) at Dec. 31, 2023         9.5 5.0      
Beginning balance at Dec. 31, 2023 165.7     $ 0.0     $ 1,883.4 $ (2.5) $ (1,715.2)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net income (loss) (14.0)               (14.0)
Other comprehensive income (loss) (0.9)             (0.9)  
Conversion of Class B to Class A common stock (in shares)         0.6 (0.6)      
Common stock—option exercises and restricted stock units vesting, net of shares withheld for employee taxes (in shares)         0.5        
Common stock—option exercises and restricted stock units vesting, net of shares withheld for employee taxes (11.3)           (13.7)   2.4
Common stock—share-based compensation expense 8.4           8.4    
Warrant compensation expense 3.8           3.8    
Warrant issuance costs (0.4)           (0.4)    
Ending balance (in shares) at Jun. 30, 2024         10.6 4.4      
Ending balance at Jun. 30, 2024 $ 151.3     0.0     1,881.5 (3.4) (1,726.8)
Beginning balance (in shares) at Mar. 31, 2024 14.1                
Beginning balance at Mar. 31, 2024 $ 112.0                
Ending balance (in shares) at Jun. 30, 2024 14.1                
Ending balance at Jun. 30, 2024 $ 112.0                
Beginning balance (in shares) at Mar. 31, 2024         9.6 5.0      
Beginning balance at Mar. 31, 2024 165.7     0.0     1,890.4 (3.3) (1,721.4)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net income (loss) (7.8)               (7.8)
Other comprehensive income (loss) (0.1)             (0.1)  
Conversion of Class B to Class A common stock (in shares)         0.6 (0.6)      
Common stock—option exercises and restricted stock units vesting, net of shares withheld for employee taxes (in shares)         0.4        
Common stock—option exercises and restricted stock units vesting, net of shares withheld for employee taxes (11.3)           (13.7)   2.4
Common stock—share-based compensation expense 3.8           3.8    
Warrant compensation expense 1.0           1.0    
Ending balance (in shares) at Jun. 30, 2024         10.6 4.4      
Ending balance at Jun. 30, 2024 $ 151.3     0.0     1,881.5 (3.4) (1,726.8)
Beginning balance (in shares) at Dec. 31, 2024 14.1                
Beginning balance at Dec. 31, 2024 $ 112.0                
Ending balance (in shares) at Jun. 30, 2025 14.1                
Ending balance at Jun. 30, 2025 $ 112.0                
Beginning balance (in shares) at Dec. 31, 2024   11.1 4.0   11.1 4.0      
Beginning balance at Dec. 31, 2024 203.7     0.0     1,887.9 (2.3) (1,681.9)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net income (loss) 40.4               40.4
Other comprehensive income (loss) 4.6             4.6  
Conversion of Class B to Class A common stock (in shares)         2.2 (2.2)      
Common stock—option exercises and restricted stock units vesting, net of shares withheld for employee taxes (in shares)         0.3        
Common stock—option exercises and restricted stock units vesting, net of shares withheld for employee taxes (19.0)           (19.0)    
Common stock—share-based compensation expense 14.8           14.8    
Ending balance (in shares) at Jun. 30, 2025   13.6 1.8   13.6 1.8      
Ending balance at Jun. 30, 2025 $ 244.5     0.0     1,883.7 2.3 (1,641.5)
Beginning balance (in shares) at Mar. 31, 2025 14.1                
Beginning balance at Mar. 31, 2025 $ 112.0                
Ending balance (in shares) at Jun. 30, 2025 14.1                
Ending balance at Jun. 30, 2025 $ 112.0                
Beginning balance (in shares) at Mar. 31, 2025         11.2 4.0      
Beginning balance at Mar. 31, 2025 228.7     0.0     1,891.5 0.7 (1,663.5)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net income (loss) 22.0               22.0
Other comprehensive income (loss) 1.6             1.6  
Conversion of Class B to Class A common stock (in shares)         2.2 (2.2)      
Common stock—option exercises and restricted stock units vesting, net of shares withheld for employee taxes (in shares)         0.2        
Common stock—option exercises and restricted stock units vesting, net of shares withheld for employee taxes (16.2)           (16.2)    
Common stock—share-based compensation expense 8.4           8.4    
Ending balance (in shares) at Jun. 30, 2025   13.6 1.8   13.6 1.8      
Ending balance at Jun. 30, 2025 $ 244.5     $ 0.0     $ 1,883.7 $ 2.3 $ (1,641.5)