v3.25.2
Consolidated Statements of Shareholders' Equity (Deficit) (unaudited) - USD ($)
$ in Thousands
Total
Common Stock
Additional Paid-in Capital
Accumulated Deficit
Accumulated Other Comprehensive Income (Loss)
Beginning balance (in shares) at Dec. 31, 2023   147,978,000      
Beginning balance at Dec. 31, 2023 $ (331,923) $ 1,480 $ 3,113,487 $ (3,446,145) $ (745)
Comprehensive loss:          
Net loss (457,700)     (457,700)  
Other comprehensive (income) loss (2,085)       (2,085)
Exercise of stock options and ESPP share issuance (in shares)   3,279,000      
Exercise of stock options and ESPP share issuance 72,623 $ 33 72,590    
Net proceeds from issuance of common stock (in shares)   14,515,000      
Net proceeds from issuance of common stock 713,158 $ 145 713,013    
Issuance of common stock for vesting of RSUs (in shares)   895,000      
Issuance of common stock for vesting of RSUs 9 $ 9      
Stock-based compensation expense 44,736   44,736    
Ending balance (in shares) at Jun. 30, 2024   166,667,000      
Ending balance at Jun. 30, 2024 38,818 $ 1,667 3,943,826 (3,903,845) (2,830)
Beginning balance (in shares) at Mar. 31, 2024   148,561,000      
Beginning balance at Mar. 31, 2024 (464,808) $ 1,486 3,138,578 (3,603,236) (1,636)
Comprehensive loss:          
Net loss (300,609)     (300,609)  
Other comprehensive (income) loss (1,194)       (1,194)
Exercise of stock options and ESPP share issuance (in shares)   3,062,000      
Exercise of stock options and ESPP share issuance 68,571 $ 31 68,540    
Net proceeds from issuance of common stock (in shares)   14,515,000      
Net proceeds from issuance of common stock 713,567 $ 145 713,422    
Issuance of common stock for vesting of RSUs (in shares)   529,000      
Issuance of common stock for vesting of RSUs 5 $ 5      
Stock-based compensation expense 23,286   23,286    
Ending balance (in shares) at Jun. 30, 2024   166,667,000      
Ending balance at Jun. 30, 2024 $ 38,818 $ 1,667 3,943,826 (3,903,845) (2,830)
Beginning balance (in shares) at Dec. 31, 2024 179,382,635 179,383,000      
Beginning balance at Dec. 31, 2024 $ 285,379 $ 1,794 4,645,791 (4,359,917) (2,289)
Comprehensive loss:          
Net loss (578,269)     (578,269)  
Other comprehensive (income) loss 4,021       4,021
Exercise of stock options and ESPP share issuance (in shares)   3,007,000      
Exercise of stock options and ESPP share issuance 66,669 $ 30 66,639    
Issuance of common stock upon conversion of convertible notes (in shares)   17,923,000      
Issuance of common stock upon conversion of convertible notes 566,141 $ 179 565,962    
Net proceeds from issuance of common stock (in shares)   8,984,000      
Net proceeds from issuance of common stock 823,538 $ 90 823,448    
Issuance of common stock for vesting of RSUs (in shares)   1,162,000      
Issuance of common stock for vesting of RSUs 12 $ 12      
Issuance of common stock for vesting of PSUs (in shares)   652,000      
Issuance of common stock for vesting of PSUs 6 $ 6      
Stock-based compensation expense $ 82,238   82,238    
Ending balance (in shares) at Jun. 30, 2025 211,110,658 211,111,000      
Ending balance at Jun. 30, 2025 $ 1,249,735 $ 2,111 6,184,078 (4,938,186) 1,732
Beginning balance (in shares) at Mar. 31, 2025   181,900,000      
Beginning balance at Mar. 31, 2025 99,159 $ 1,819 4,714,742 (4,616,500) (902)
Comprehensive loss:          
Net loss (321,686)     (321,686)  
Other comprehensive (income) loss 2,634       2,634
Exercise of stock options and ESPP share issuance (in shares)   1,596,000      
Exercise of stock options and ESPP share issuance 36,971 $ 16 36,955    
Issuance of common stock upon conversion of convertible notes (in shares)   17,923,000      
Issuance of common stock upon conversion of convertible notes 566,136 $ 179 565,957    
Net proceeds from issuance of common stock (in shares)   8,984,000      
Net proceeds from issuance of common stock 823,538 $ 90 823,448    
Issuance of common stock for vesting of RSUs (in shares)   708,000      
Issuance of common stock for vesting of RSUs 7 $ 7      
Stock-based compensation expense $ 42,976   42,976    
Ending balance (in shares) at Jun. 30, 2025 211,110,658 211,111,000      
Ending balance at Jun. 30, 2025 $ 1,249,735 $ 2,111 $ 6,184,078 $ (4,938,186) $ 1,732