Net Loss Per Share (Tables)

3 Months Ended

Mar. 31, 2026

Schedule of Computation of Basic and Diluted Net Loss Per Share

The following tables set forth the computation of basic and diluted net loss per share of Class A, Class B and Exchangeable common stock:


	Three Months Ended March 31,
(in thousands, except share and per share amounts)	2026		2025
Numerator:
Net loss	$	(117,504)	$	(202,487)
Denominator:
Weighted average common shares outstanding	529,303,984		402,771,972
Net loss per share, basic and diluted	$	(0.22)	$	(0.50)

Schedule of Antidilutive Securities Excluded from Computation of Net Loss Per Share

The Company excluded the following potential common shares from the computation of diluted net loss per share for the periods indicated because including them would have had an anti-dilutive effect:


	Three Months Ended March 31,
	2026	2025
Stock based compensation	5,504,219	11,896,288
Tempus agreement	—	5,369,128
Total	5,504,219	17,265,416