v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY - USD ($)
$ in Thousands
Total
Class A Common Stock
Class B Common Stock
Preferred Stock
Common Stock
Class A Common Stock
Common Stock
Class B Common Stock
Additional Paid-in Capital
Accumulated Deficit
Accumulated Other Comprehensive Income
Balance at the beginning (in shares) at Dec. 31, 2024       0          
Balance at the beginning at Dec. 31, 2024 $ 182,653     $ 0 $ 35 $ 3 $ 1,125,470 $ (943,060) $ 205
Balance at the beginning (in shares) at Dec. 31, 2024         361,096,457 32,535,408      
Increase (Decrease) in Stockholders' Equity                  
Issuance of Class A common stock under the Second Equity Distribution Agreement, net of issuance costs (in shares)         4,248,900        
Issuance of Class A common stock under the Second Equity Distribution Agreement, net of issuance costs 66,283       $ 1   66,282    
Issuance of Class A common stock for equity incentive awards (in shares)         3,522,823        
Issuance of Class A common stock for equity incentive awards 666           666    
Issuance of Class A common stock in connection with the exercise of warrants (in shares)         1,110        
Issuance of Class A common stock in connection with the exercise of warrants 13           13    
Stock-based compensation 17,440           17,440    
Net income (loss) 129,932             129,932  
Other comprehensive income 6               6
Balance at the end (in shares) at Mar. 31, 2025       0          
Balance at the end at Mar. 31, 2025 $ 396,993     $ 0 $ 36 $ 3 1,209,871 (813,128) 211
Balance at the end (in shares) at Mar. 31, 2025         368,869,290 32,535,408      
Balance at the beginning (in shares) at Dec. 31, 2025 0     0          
Balance at the beginning at Dec. 31, 2025 $ 463,786     $ 0 $ 37 $ 3 1,420,672 (957,066) 140
Balance at the beginning (in shares) at Dec. 31, 2025   390,070,691 32,535,408   390,070,691 32,535,408      
Increase (Decrease) in Stockholders' Equity                  
Issuance of Class A common stock for equity incentive awards (in shares)         3,424,969        
Issuance of Class A common stock for equity incentive awards 396           396    
Issuance of Class A common stock in connection with the exercise of warrants (in shares)         246,761        
Issuance of Class A common stock in connection with the exercise of warrants 2,028           2,028    
Stock-based compensation 19,464           19,464    
Net income (loss) (25,028)             (25,028)  
Other comprehensive income $ 20               20
Balance at the end (in shares) at Mar. 31, 2026 0     0          
Balance at the end at Mar. 31, 2026 $ 460,666     $ 0 $ 37 $ 3 $ 1,442,560 $ (982,094) $ 160
Balance at the end (in shares) at Mar. 31, 2026   393,742,421 32,535,408   393,742,421 32,535,408