CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands |
3 Months Ended | 6 Months Ended | ||||
|---|---|---|---|---|---|---|
Jun. 30, 2025 |
Jun. 30, 2024 |
Jun. 30, 2025 |
Jun. 30, 2024 |
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| Income Statement [Abstract] | ||||||
| Revenue | $ 1,212,788 | $ 395,371 | $ 2,194,420 | $ 584,055 | ||
| Operating expenses: | ||||||
| Cost of revenue | 312,667 | 108,838 | 575,061 | 168,058 | ||
| Technology and infrastructure | 669,913 | 182,886 | 1,231,315 | 275,767 | ||
| Sales and marketing | 36,799 | 4,172 | 47,348 | 8,222 | ||
| General and administrative | 174,200 | 21,754 | 348,957 | 37,440 | ||
| Total operating expenses | 1,193,579 | 317,650 | 2,202,681 | 489,487 | ||
| Operating income (loss) | 19,209 | 77,721 | (8,261) | 94,568 | ||
| Gain (loss) on fair value adjustments | 0 | (310,231) | 26,837 | (407,731) | ||
| Interest expense, net | [1] | (266,966) | (66,766) | (530,801) | (107,422) | |
| Other income (expense), net | 5,023 | 16,406 | 886 | 23,866 | ||
| Loss before provision for (benefit from) income taxes | (242,734) | (282,870) | (511,339) | (396,719) | ||
| Provision for (benefit from) income taxes | 47,775 | 40,151 | 93,811 | 55,550 | ||
| Net loss | (290,509) | (323,021) | (605,150) | (452,269) | ||
| Net loss attributable to common stockholders, basic | (290,509) | (338,617) | (633,872) | (467,865) | ||
| Net loss attributable to common stockholders, diluted | $ (290,509) | $ (338,617) | $ (660,717) | $ (467,865) | ||
| Net loss per share attributable to common stockholders, basic (in usd per share) | $ (0.60) | $ (1.62) | $ (1.73) | $ (2.23) | ||
| Net loss per share attributable to common stockholders, diluted (in usd per share) | $ (0.60) | $ (1.62) | $ (1.79) | $ (2.23) | ||
| Weighted-average shares used in computing net loss per share attributable to common stockholders, basic (in shares) | 486,591 | 209,626 | 366,765 | 209,560 | ||
| Weighted-average shares used in computing net loss per share attributable to common stockholders, diluted (in shares) | 486,591 | 209,626 | 368,607 | 209,560 | ||
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- Definition Technology and Infrastructure No definition available.
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- Definition The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Total costs of sales and operating expenses for the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of interest income (expense) classified as nonoperating. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities; of income (loss) available to common shareholders. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities, and addition from assumption of issuance of common shares for dilutive potential common shares; of income (loss) available to common shareholders. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The aggregate total amount of expenses directly related to the marketing or selling of products or services. No definition available.
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- Definition The net change in the difference between the fair value and the carrying value, or in the comparative fair values, of derivative instruments, including options, swaps, futures, and forward contracts, held at each balance sheet date, that was included in earnings for the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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