v3.25.2
NET INCOME (LOSS) PER SHARE (Tables)
6 Months Ended
Jun. 30, 2025
Earnings Per Share [Abstract]  
Schedule of Calculation of Basic and Diluted Net Loss Per Share Attributable to Common Stockholders
The following table presents the calculation of basic and diluted net income (loss) per share attributable to common stockholders for the three and six months ended June 30, 2025 and 2024:
Three Months Ended
June 30,
Six Months Ended
June 30,
2025202420252024
Numerator:
Net income (loss)$(74,724)$(37,322)$55,208 $(70,331)
Earnings attributable to participating Class A Common Shares held in escrow in connection with Amelia acquisition— — (297)— 
Cumulative dividends attributable to Series A Preferred Stock— (73)— (416)
Net income (loss) attributable to common shareholders - basic$(74,724)$(37,395)$54,911 $(70,747)
Net income (loss)(74,724)(37,322)55,208 (70,331)
Change in fair value of dilutive instruments classified as derivatives(602)— (1,503)— 
Cumulative dividends attributable to Series A Preferred Stock$— $(73)$— $(416)
Net income (loss) attributable to common shareholders - diluted$(75,326)$(37,395)$53,705 $(70,747)
Denominator:
Weighted average shares outstanding – basic400,124,499331,830,608397,026,119309,213,583
Effect of potentially dilutive equivalent shares1,918,969017,119,7580
Weighted average shares outstanding – diluted402,043,468331,830,608414,145,877309,213,583
Basic net income (loss) per share$(0.19)$(0.11)$0.14 $(0.23)
Diluted net income (loss) per share$(0.19)$(0.11)$0.13 $(0.23)
Schedule of Outstanding Shares of Potentially Dilutive Securities
As of June 30,
20252024
Stock-based awards12,477,41928,919,026
Series A Preferred Stock
Common stock warrants3,665,996
Unvested restricted stock awards280,9532,033,156
Contingently issuable shares10,3851,906,746
Total12,768,75736,524,924