v3.25.2
Condensed Consolidated Statements of Shareholders' Equity - USD ($)
$ in Thousands
Total
Common Stock
Additional Paid-In-Capital
Treasury Stock
Retained Earnings (Deficit)
Accumulated Other Comprehensive Income (Loss)
Beginning balance at Dec. 31, 2023 $ 1,134,342 $ 11 $ 1,158,278 $ (80,635) $ 56,755 $ (67)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Derivative liability 8,204   8,204      
Share-based compensation 3,080   3,080      
Repurchase of common stock (636)     (636)    
Changes in comprehensive income (loss) (98)         (98)
Net income (loss) (142,635)       (142,635)  
Ending balance at Mar. 31, 2024 1,002,257 11 1,169,562 (81,271) (85,880) (165)
Beginning balance at Dec. 31, 2023 1,134,342 11 1,158,278 (80,635) 56,755 (67)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income (loss) (335,562)          
Ending balance at Jun. 30, 2024 809,662 11 1,169,904 (81,280) (278,807) (166)
Beginning balance at Mar. 31, 2024 1,002,257 11 1,169,562 (81,271) (85,880) (165)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Share-based compensation 342   342      
Repurchase of common stock (9)     (9)    
Changes in comprehensive income (loss) (1)         (1)
Net income (loss) (192,927)       (192,927)  
Ending balance at Jun. 30, 2024 809,662 11 1,169,904 (81,280) (278,807) (166)
Beginning balance at Dec. 31, 2024 (80,134) 11 1,173,692 (81,285) (1,172,740) 188
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Share-based compensation 1,233   1,233      
Changes in comprehensive income (loss) (61)         (61)
Net income (loss) 72,216          
Cancellation of Predecessor Equity 6,746 (11) (1,174,925) 81,285 1,100,524 (127)
Issuance of Warrants 441,745   441,745      
Issuance of Successor common stock 292,625 2 292,623      
Ending balance at Mar. 12, 2025 734,370 2 734,368 0 0 0
Beginning balance at Dec. 31, 2024 (80,134) 11 1,173,692 (81,285) (1,172,740) 188
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Issuance of Warrants     441,700      
Ending balance at Jun. 30, 2025 479,445 2 736,212 0 (256,767) (2)
Beginning balance at Mar. 12, 2025 734,370 2 734,368 0 0 0
Ending balance at Mar. 13, 2025 734,370          
Beginning balance at Mar. 12, 2025 734,370 2 734,368 0 0 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Changes in comprehensive income (loss) (21)         (21)
Net income (loss) (10,936)       (10,936)  
Ending balance at Mar. 31, 2025 723,413 2 734,368 0 (10,936) (21)
Beginning balance at Mar. 12, 2025 734,370 2 734,368 0 0 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income (loss) (256,767)          
Ending balance at Jun. 30, 2025 479,445 2 736,212 0 (256,767) (2)
Beginning balance at Mar. 31, 2025 723,413 2 734,368 0 (10,936) (21)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Share-based compensation 1,844   1,844      
Changes in comprehensive income (loss) 19         19
Net income (loss) (245,831)       (245,831)  
Ending balance at Jun. 30, 2025 $ 479,445 $ 2 $ 736,212 $ 0 $ (256,767) $ (2)