v3.25.2
Condensed Consolidated Statements of Stockholders' Equity (Deficit) (unaudited) - USD ($)
Common Stock
ATM Offering
Common Stock
Additional Paid-In Capital
ATM Offering
Additional Paid-In Capital
Accumulated Other Comprehensive Loss
Accumulated Deficit
ATM Offering
Total
Beginning Balances at Dec. 31, 2023   $ 11,000   $ 1,386,312,000 $ (248,000) $ (1,579,500,000)   $ (193,425,000)
Beginning Balances (in shares) at Dec. 31, 2023   112,215,260            
Net income (loss)           102,875,000   102,875,000
Issuance of common stock upon exercise of stock options       291,000       291,000
Issuance of common stock upon exercise of stock options (in shares)   174,651            
Issuance of common stock upon vesting of RSUs (in shares)   741,213            
Issuance of common stock under Offering, net of issuance costs     $ 1,507,000       $ 1,507,000  
Issuance of common stock under Offering, net of issuance costs (in shares) 650,005              
Taxes paid related to net share settlement of RSUs       (745,000)       (745,000)
Taxes paid related to net share settlement of RSUs (in shares)   (284,275)            
Stock-based compensation expense       7,677,000       7,677,000
Other comprehensive (loss) gain, net of tax         (24,000)     (24,000)
Ending Balances at Mar. 31, 2024   $ 11,000   1,395,042,000 (272,000) (1,476,625,000)   (81,844,000)
Ending Balances (in shares) at Mar. 31, 2024   113,496,854            
Beginning Balances at Dec. 31, 2023   $ 11,000   1,386,312,000 (248,000) (1,579,500,000)   (193,425,000)
Beginning Balances (in shares) at Dec. 31, 2023   112,215,260            
Net income (loss)               89,954,000
Issuance of common stock under Offering, net of issuance costs (in shares)             650,005  
Ending Balances at Jun. 30, 2024   $ 12,000   1,405,698,000 (272,000) (1,489,546,000)   (84,108,000)
Ending Balances (in shares) at Jun. 30, 2024   115,198,655            
Beginning Balances at Mar. 31, 2024   $ 11,000   1,395,042,000 (272,000) (1,476,625,000)   (81,844,000)
Beginning Balances (in shares) at Mar. 31, 2024   113,496,854            
Net income (loss)           (12,921,000)   (12,921,000)
Issuance of common stock upon vesting of RSUs (in shares)   21,583            
Issuance of common stock under the ESPP       685,000       685,000
Issuance of common stock under the ESPP (in shares)   471,439            
Issuance of common stock - partial payout of 2023 bonus in RSUs   $ 1,000   4,407,000       4,408,000
Issuance of common stock - partial payout of 2023 bonus in RSUs (in shares)   1,976,750            
Issuance of common stock under Offering, net of issuance costs (in shares)             0  
Offering costs associated with ATM offering       (52,000)       (52,000)
Taxes paid related to net share settlement of RSUs       (1,711,000)       (1,711,000)
Taxes paid related to net share settlement of RSUs (in shares)   (767,971)            
Stock-based compensation expense       7,327,000       7,327,000
Ending Balances at Jun. 30, 2024   $ 12,000   1,405,698,000 (272,000) (1,489,546,000)   (84,108,000)
Ending Balances (in shares) at Jun. 30, 2024   115,198,655            
Beginning Balances at Dec. 31, 2024   $ 12,000   1,419,266,000 (275,000) (1,550,993,000)   $ (131,990,000)
Beginning Balances (in shares) at Dec. 31, 2024   115,614,548           115,614,548
Net income (loss)           (56,569,000)   $ (56,569,000)
Issuance of common stock upon vesting of RSUs (in shares)   474,410            
Taxes paid related to net share settlement of RSUs       (264,000)       (264,000)
Taxes paid related to net share settlement of RSUs (in shares)   (181,742)            
Stock-based compensation expense       5,353,000       5,353,000
Ending Balances at Mar. 31, 2025   $ 12,000   1,424,355,000 (275,000) (1,607,562,000)   (183,470,000)
Ending Balances (in shares) at Mar. 31, 2025   115,907,216            
Beginning Balances at Dec. 31, 2024   $ 12,000   1,419,266,000 (275,000) (1,550,993,000)   $ (131,990,000)
Beginning Balances (in shares) at Dec. 31, 2024   115,614,548           115,614,548
Net income (loss)               $ 241,198,000
Ending Balances at Jun. 30, 2025   $ 12,000   1,429,885,000 (275,000) (1,309,795,000)   $ 119,827,000
Ending Balances (in shares) at Jun. 30, 2025   116,222,726           116,222,726
Beginning Balances at Mar. 31, 2025   $ 12,000   1,424,355,000 (275,000) (1,607,562,000)   $ (183,470,000)
Beginning Balances (in shares) at Mar. 31, 2025   115,907,216            
Net income (loss)           297,767,000   297,767,000
Issuance of common stock upon vesting of RSUs (in shares)   44,556            
Issuance of common stock under the ESPP       188,000       188,000
Issuance of common stock under the ESPP (in shares)   287,473            
Issuance of common stock under Offering, net of issuance costs (in shares)             0  
Taxes paid related to net share settlement of RSUs   $ (16,519)   (16,000)       (16,000)
Stock-based compensation expense       5,358,000       5,358,000
Ending Balances at Jun. 30, 2025   $ 12,000   $ 1,429,885,000 $ (275,000) $ (1,309,795,000)   $ 119,827,000
Ending Balances (in shares) at Jun. 30, 2025   116,222,726           116,222,726