v3.25.2
CONSOLIDATED STATEMENTS OF CHANGES IN MEZZANINE EQUITY AND SHAREHOLDERS’ EQUITY/(DEFICIT) - USD ($)
$ in Thousands
Total
Common Stock Outstanding
Additional Paid-in Capital
Accumulated Deficit
Accumulated Other Comprehensive Income
Mezzanine Equity Preferred Stock
Additional Paid-in Capital
Beginning balance (in shares) at Dec. 31, 2023   196,642,451          
Beginning balance at Dec. 31, 2023 $ 114,471 $ 19 $ 943,960 $ (831,872) $ 2,364    
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Stock-based compensation expense 2,625   2,625        
Net loss (25,508)     (25,508)      
Issuance of common stock upon exercise of options and vesting of RSUs (in shares)   1,083,026          
Issuance of common stock upon exercise of options and vesting of RSUs 234   234        
Repurchase of equity instruments (48)   (48)        
Foreign currency translation 42       42    
Ending balance (in shares) at Mar. 31, 2024   197,725,477          
Ending balance at Mar. 31, 2024 91,816 $ 19 946,771 (857,380) 2,406    
Beginning balance (in shares) at Dec. 31, 2023   196,642,451          
Beginning balance at Dec. 31, 2023 114,471 $ 19 943,960 (831,872) 2,364    
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net loss (53,307)            
Other comprehensive income (loss), net 0            
Ending balance (in shares) at Jun. 30, 2024   197,765,067          
Ending balance at Jun. 30, 2024 67,536 $ 19 950,481 (885,179) 2,215    
Beginning balance (in shares) at Mar. 31, 2024   197,725,477          
Beginning balance at Mar. 31, 2024 91,816 $ 19 946,771 (857,380) 2,406    
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Stock-based compensation expense 3,672   3,672        
Net loss (27,799)     (27,799)      
Issuance of common stock upon exercise of options and vesting of RSUs (in shares)   39,590          
Issuance of common stock upon exercise of options and vesting of RSUs 38   38        
Other comprehensive income (loss), net 0            
Foreign currency translation (191)       (191)    
Ending balance (in shares) at Jun. 30, 2024   197,765,067          
Ending balance at Jun. 30, 2024 $ 67,536 $ 19 950,481 (885,179) 2,215    
Beginning balance, Redeemable Convertible Preferred Stock (in shares) at Dec. 31, 2024 0         0  
Beginning balance, temporary equity at Dec. 31, 2024 $ 0         $ 0 $ 0
Ending balance, Redeemable Convertible Preferred Stock (in shares) at Mar. 31, 2025           0  
Ending balance, temporary equity at Mar. 31, 2025 $ 0         $ 0 0
Beginning balance (in shares) at Dec. 31, 2024 194,915,711 194,915,711          
Beginning balance at Dec. 31, 2024 $ 13,447 $ 19 981,638 (969,603) 1,393    
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Stock-based compensation expense 2,353   2,353        
Net loss (19,229)     (19,229)      
Issuance of common stock upon exercise of options and vesting of RSUs (in shares)   2,981,869          
Other comprehensive income (loss), net 2,696       2,696    
Foreign currency translation (441)       (441)    
Ending balance (in shares) at Mar. 31, 2025   197,897,580          
Ending balance at Mar. 31, 2025 $ (1,174) $ 19 983,991 (988,832) 3,648    
Beginning balance, Redeemable Convertible Preferred Stock (in shares) at Dec. 31, 2024 0         0  
Beginning balance, temporary equity at Dec. 31, 2024 $ 0         $ 0 0
Ending balance, Redeemable Convertible Preferred Stock (in shares) at Jun. 30, 2025 20,000,000         20,000,000  
Ending balance, temporary equity at Jun. 30, 2025 $ 13,169         $ 2 13,167
Beginning balance (in shares) at Dec. 31, 2024 194,915,711 194,915,711          
Beginning balance at Dec. 31, 2024 $ 13,447 $ 19 981,638 (969,603) 1,393    
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net loss $ (51,728)            
Issuance of common stock upon exercise of options and vesting of RSUs (in shares) 0            
Other comprehensive income (loss), net $ 1,091            
Ending balance (in shares) at Jun. 30, 2025 231,995,967 231,995,967          
Ending balance at Jun. 30, 2025 $ (25,184) $ 23 994,394 (1,021,331) 1,730    
Beginning balance, Redeemable Convertible Preferred Stock (in shares) at Mar. 31, 2025           0  
Beginning balance, temporary equity at Mar. 31, 2025 0         $ 0 0
Increase (Decrease) in Temporary Equity [Roll Forward]              
Issuance of preferred stock, net of issuance costs (in shares)           20,000,000  
Issuance of preferred stock, net of issuance costs $ 13,169         $ 2 13,167
Ending balance, Redeemable Convertible Preferred Stock (in shares) at Jun. 30, 2025 20,000,000         20,000,000  
Ending balance, temporary equity at Jun. 30, 2025 $ 13,169         $ 2 $ 13,167
Beginning balance (in shares) at Mar. 31, 2025   197,897,580          
Beginning balance at Mar. 31, 2025 (1,174) $ 19 983,991 (988,832) 3,648    
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Stock-based compensation expense 2,275   2,275        
Net loss (32,499)     (32,499)      
Issuance of common stock upon exercise of options and vesting of RSUs (in shares)   44,050          
Issuance upon conversion of the Convertible Note (in shares)   34,054,337          
Issuance upon conversion of the Convertible Note 8,132 $ 4 8,128        
Other comprehensive income (loss), net (1,605)       (1,605)    
Foreign currency translation $ (313)       (313)    
Ending balance (in shares) at Jun. 30, 2025 231,995,967 231,995,967          
Ending balance at Jun. 30, 2025 $ (25,184) $ 23 $ 994,394 $ (1,021,331) $ 1,730