NET LOSS PER SHARE (Tables)

3 Months Ended

Mar. 31, 2026

Schedule of Antidilutive Securities Excluded from Computation of Diluted Income (Loss) Per Share

The following table presents the total potential anti-dilutive securities excluded:


	Three Months Ended March 31,
		2026	2025
Warrants		—	324,375
Restricted stock units		13,447,900	8,856,663
Performance-based restricted stock units (1)		21,846,716	13,484,103
Convertible Notes (2)		49,355,929	82,106,952

Total anti-dilutive shares		84,650,545	104,772,093

(1) Anti-dilutive performance-based restricted stock units are presented up to 249% as the maximum potential number of shares that may vest. Refer to Note 12 – Stock-based Compensation, for further information.

(2) Refer to Note 13 – Debt, for further information.

Schedule of Computation of Basic and Diluted Income (Loss) Per Share

The following table sets forth the computation of basic and diluted loss per share:


	Three Months Ended March 31,
(in thousands, except share and per share data)		2026		2025
Basic and diluted earnings per share of common stock:
Net loss attributable to common stockholders		$	(1,259,619)	$	(533,199)
Weighted average shares of common stock		380,157,050		344,098,009
Net loss per share of common stock		$	(3.31)	$	(1.55)