v3.25.4
NET LOSS PER SHARE - Basic and Diluted Net Income (Loss) (Details) - USD ($)
$ / shares in Units, $ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Numerator:      
Net loss $ (248,056) $ (48,648) $ (105,968)
Net loss attributable to noncontrolling interest (18,307) (6,205) (15,987)
Net loss attributed to Class A shareholders - basic EPS (229,749) (42,443) (89,981)
Net loss attributed to Class A shareholders - diluted EPS $ (229,749) $ (42,443) $ (89,981)
Denominator:      
Weighted-average basic shares outstanding (in shares) 114,070,225 109,295,742 91,158,500
Effect of dilutive securities (in shares) 0 0 0
Weighted-average diluted shares (in shares) 114,070,225 109,295,742 91,158,500
Basic net loss per share (in dollars per share) $ (2.01) $ (0.39) $ (0.99)
Diluted net loss per share (in dollars per share) $ (2.01) $ (0.39) $ (0.99)