v3.25.2
CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($)
$ in Thousands
Total
Common Stock
Treasury Stock
Additional Paid-in Capital
Accumulated Other Comprehensive Loss
Accumulated Deficit
Beginning balance (in shares) at Dec. 31, 2023   165,066,195        
Beginning balance at Dec. 31, 2023 $ 1,152,295 $ 165,067 $ (113,407) $ 1,701,163 $ (19,710) $ (580,818)
Beginning balance (in shares) at Dec. 31, 2023     18,615,190      
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Stock-based compensation 1,742     1,742    
Shares issued related to founders advisory fees - related party (in shares)   1,758,464        
Shares issued related to founders advisory fees - related party 0 $ 1,758   (1,758)    
Shares repurchased (in shares)     2,969,357      
Shares repurchased (14,278)   $ (14,278)      
Net income (loss) (82,558)         (82,558)
Other comprehensive income (loss) (5,543)       (5,543)  
Ending balance (in shares) at Mar. 31, 2024   166,824,659        
Ending balance at Mar. 31, 2024 1,051,658 $ 166,825 $ (127,685) 1,701,147 (25,253) (663,376)
Ending balance (in shares) at Mar. 31, 2024     21,584,547      
Beginning balance (in shares) at Dec. 31, 2023   165,066,195        
Beginning balance at Dec. 31, 2023 1,152,295 $ 165,067 $ (113,407) 1,701,163 (19,710) (580,818)
Beginning balance (in shares) at Dec. 31, 2023     18,615,190      
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income (loss) (60,908)          
Ending balance (in shares) at Jun. 30, 2024   166,824,659        
Ending balance at Jun. 30, 2024 1,075,174 $ 166,825 $ (127,824) 1,704,141 (26,242) (641,726)
Ending balance (in shares) at Jun. 30, 2024     21,603,082      
Beginning balance (in shares) at Mar. 31, 2024   166,824,659        
Beginning balance at Mar. 31, 2024 1,051,658 $ 166,825 $ (127,685) 1,701,147 (25,253) (663,376)
Beginning balance (in shares) at Mar. 31, 2024     21,584,547      
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Stock-based compensation 2,994     2,994    
Shares repurchased (in shares)     18,535      
Shares repurchased (139)   $ (139)      
Net income (loss) 21,650         21,650
Other comprehensive income (loss) (989)       (989)  
Ending balance (in shares) at Jun. 30, 2024   166,824,659        
Ending balance at Jun. 30, 2024 $ 1,075,174 $ 166,825 $ (127,824) 1,704,141 (26,242) (641,726)
Ending balance (in shares) at Jun. 30, 2024     21,603,082      
Beginning balance (in shares) at Dec. 31, 2024 169,426,114 169,426,114        
Beginning balance at Dec. 31, 2024 $ 1,157,270 $ 17 $ (127,827) 1,911,035 (39,232) (586,723)
Beginning balance (in shares) at Dec. 31, 2024 21,603,481   21,603,481      
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Stock-based compensation $ 2,671     2,671    
Shares issued related to founders advisory fees - related party (in shares)   1,837,304        
Shares repurchased (in shares)     888,454      
Shares repurchased (8,183)   $ (8,183)      
Options exercised (in shares)   4,100        
Options exercised 41     41    
Net income (loss) 56,686         56,686
Other comprehensive income (loss) 7,885       7,885  
Ending balance (in shares) at Mar. 31, 2025   171,267,518        
Ending balance at Mar. 31, 2025 $ 1,216,370 $ 17 $ (136,010) 1,913,747 (31,347) (530,037)
Ending balance (in shares) at Mar. 31, 2025     22,491,935      
Beginning balance (in shares) at Dec. 31, 2024 169,426,114 169,426,114        
Beginning balance at Dec. 31, 2024 $ 1,157,270 $ 17 $ (127,827) 1,911,035 (39,232) (586,723)
Beginning balance (in shares) at Dec. 31, 2024 21,603,481   21,603,481      
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Options exercised (in shares) 29,167          
Net income (loss) $ 24,525          
Ending balance (in shares) at Jun. 30, 2025 171,292,585 171,292,585        
Ending balance at Jun. 30, 2025 $ 1,178,631 $ 17 $ (168,197) 1,916,236 (7,227) (562,198)
Ending balance (in shares) at Jun. 30, 2025 25,378,156   25,378,156      
Beginning balance (in shares) at Mar. 31, 2025   171,267,518        
Beginning balance at Mar. 31, 2025 $ 1,216,370 $ 17 $ (136,010) 1,913,747 (31,347) (530,037)
Beginning balance (in shares) at Mar. 31, 2025     22,491,935      
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Stock-based compensation 2,238     2,238    
Shares repurchased (in shares)     2,886,221      
Shares repurchased (32,187)   $ (32,187)      
Options exercised (in shares)   25,067        
Options exercised 251     251    
Net income (loss) (32,161)         (32,161)
Other comprehensive income (loss) $ 24,120       24,120  
Ending balance (in shares) at Jun. 30, 2025 171,292,585 171,292,585        
Ending balance at Jun. 30, 2025 $ 1,178,631 $ 17 $ (168,197) $ 1,916,236 $ (7,227) $ (562,198)
Ending balance (in shares) at Jun. 30, 2025 25,378,156   25,378,156