v3.25.2
SHARE-BASED COMPENSATION (Tables)
 6 Months Ended
Jun. 30, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of Share-based Compensation and Benefits
The Company recognized total share-based compensation in Compensation and benefits on the condensed consolidated statements of operations for the following categories of awards as follows (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2025202420252024
Service-based RSUs$8,109 $10,221 $16,350 $16,357 
Performance-based RSUs2,384 1,824 3,275 3,771 
Common stock, fully-vested— 1,292 — 1,526 
Total share-based compensation expense$10,493 $13,337 $19,625 $21,654 
Schedule of Unvested RSU Activity
A summary of the Company's unvested Service-Based RSU activity for the six months ended June 30, 2025 is shown below:
Number of Shares
Weighted Average Grant Date Fair Value
Unvested at December 31, 202415,922,220$2.65 
Granted4,270,421$4.18 
Vested(1)
(2,998,232)$2.73 
Unvested at June 30, 202517,194,409$3.02 
(1) Does not include RSUs that have not settled as of June 30, 2025
Schedule of Grant Date Fair Value of 2025 Performance-Based RSUs
The grant date fair value of the 2025 Performance-Based RSUs was measured using a Monte Carlo simulation model based on the following assumptions:
Risk-free interest rate4.14%
Expected volatility111.5%