v3.25.2
Condensed Consolidated Statements of Stockholders' Equity - USD ($)
$ in Thousands
Common Stock
At-the-market offering
Common Stock
Additional Paid-in Capital
At-the-market offering
Additional Paid-in Capital
(Accumulated Deficit) Retained Earnings
Non-controlling Interests
Accumulated Other Comprehensive Income (Loss)
At-the-market offering
Total
Beginning Balance at Dec. 31, 2023   $ 889   $ 576,241 $ (100,252)   $ 10,761   $ 487,639
Beginning Balance (in Shares) at Dec. 31, 2023   88,962,964              
Issuance of common stock - stock option exercises   $ 3   129         132
Issuance of common stock - stock option exercises (in shares)   341,013              
Issuance of common stock - restricted stock unit settlements   $ 2   (2)          
Issuance of common stock - restricted stock unit settlements (in shares)   148,842              
Issuance of common stock - restricted stock unit settlements, net of withholding taxes       (30)         (30)
Issuance of common stock - restricted stock unit settlements, net of withholding taxes (in shares)   4,046              
Acquisition of subsidiary with noncontrolling ownership interests           $ 8,743     8,743
Stock-based compensation       4,474         4,474
Foreign currency translation adjustments           35 (11,109)   (11,074)
Net income (loss)         250,876       250,876
Net income (loss) attributable to non-controlling interests           (169)     (169)
Ending Balance at Mar. 31, 2024   $ 894   580,812 150,624 8,609 (348)   740,591
Ending Balance (in Shares) at Mar. 31, 2024   89,456,865              
Beginning Balance at Dec. 31, 2023   $ 889   576,241 (100,252)   10,761   487,639
Beginning Balance (in Shares) at Dec. 31, 2023   88,962,964              
Foreign currency translation adjustments                 (18,436)
Net income (loss)                 179,010
Net income (loss) attributable to non-controlling interests                 (493)
Ending Balance at Jun. 30, 2024   $ 909   588,080 78,758 8,186 (7,611)   668,322
Ending Balance (in Shares) at Jun. 30, 2024   90,944,959              
Beginning Balance at Mar. 31, 2024   $ 894   580,812 150,624 8,609 (348)   740,591
Beginning Balance (in Shares) at Mar. 31, 2024   89,456,865              
Issuance of common stock - stock option exercises   $ 8   275         283
Issuance of common stock - stock option exercises (in shares)   722,404              
Issuance of common stock - restricted stock unit settlements   $ 7   (7)          
Issuance of common stock - restricted stock unit settlements (in shares)   745,959              
Issuance of common stock - restricted stock unit settlements, net of withholding taxes       (10)         (10)
Issuance of common stock - restricted stock unit settlements, net of withholding taxes (in shares)   1,881              
Issuance of common stock - deferred stock unit settlements (in shares)   17,850              
Stock-based compensation       7,010         7,010
Foreign currency translation adjustments           (99) (7,263)   (7,362)
Net income (loss)         (71,866)       (71,866)
Net income (loss) attributable to non-controlling interests           (324)     (324)
Ending Balance at Jun. 30, 2024   $ 909   588,080 78,758 8,186 (7,611)   668,322
Ending Balance (in Shares) at Jun. 30, 2024   90,944,959              
Beginning Balance at Dec. 31, 2024   $ 995   789,597 231,630 3,910 (45,553)   $ 980,579
Beginning Balance (in Shares) at Dec. 31, 2024   99,478,012             99,478,012
Issuance of common stock $ 42   $ 111,969         $ 112,011  
Issuance of stock common stock (in shares) 4,205,019                
Issuance of common stock - stock option exercises   $ 3   124         $ 127
Issuance of common stock - stock option exercises (in shares)   327,204              
Issuance of common stock - restricted stock unit settlements   $ 2   (2)          
Issuance of common stock - restricted stock unit settlements (in shares)   140,275              
Stock-based compensation       3,793         3,793
Issuance of warrants by subsidiary       1,449         1,449
Non-controlling interest in American Bitcoin Corp.       (1,354)   24,222     22,868
Foreign currency translation adjustments           (1) 1,188   1,187
Net income (loss)         (133,889)       (133,889)
Net income (loss) attributable to non-controlling interests           (430)     (430)
Ending Balance at Mar. 31, 2025   $ 1,042   905,576 97,741 27,701 (44,365)   987,695
Ending Balance (in Shares) at Mar. 31, 2025   104,150,510              
Beginning Balance at Dec. 31, 2024   $ 995   789,597 231,630 3,910 (45,553)   $ 980,579
Beginning Balance (in Shares) at Dec. 31, 2024   99,478,012             99,478,012
Issuance of stock common stock (in shares)               4,205,019  
Foreign currency translation adjustments                 $ 41,079
Net income (loss)                 3,423
Net income (loss) attributable to non-controlling interests                 (259)
Ending Balance at Jun. 30, 2025   $ 1,044   1,035,222 235,053 121,577 (4,529)   $ 1,388,367
Ending Balance (in Shares) at Jun. 30, 2025   104,418,127             104,418,127
Beginning Balance at Mar. 31, 2025   $ 1,042   905,576 97,741 27,701 (44,365)   $ 987,695
Beginning Balance (in Shares) at Mar. 31, 2025   104,150,510              
Issuance of common stock       122,556   92,719     215,275
Issuance of common stock - stock option exercises       11         11
Issuance of common stock - stock option exercises (in shares)   28,159              
Issuance of common stock - restricted stock unit settlements   $ 2   (2)          
Issuance of common stock - restricted stock unit settlements (in shares)   239,458              
Stock-based compensation       7,640         7,640
Issuance of warrants by subsidiary       354         354
Non-controlling interest in American Bitcoin Corp.       (913)   930     17
Foreign currency translation adjustments           56 39,836   39,892
Net income (loss)         137,312       137,312
Net income (loss) attributable to non-controlling interests           171     171
Ending Balance at Jun. 30, 2025   $ 1,044   $ 1,035,222 $ 235,053 $ 121,577 $ (4,529)   $ 1,388,367
Ending Balance (in Shares) at Jun. 30, 2025   104,418,127             104,418,127