v3.26.1
Net Loss per Share (Tables)
 3 Months Ended
Mar. 31, 2026
Earnings Per Share [Abstract]  
Schedule of Basic and Diluted Earnings Per Share

The following table sets forth reconciliations of the numerators and denominators used to compute basic and diluted net loss per share of Class A Common Stock (in thousands, except share and per share data):

 

 

 

For the Three Months ended
March 31,

 

 

 

2026

 

 

2025

 

Numerator

 

 

 

 

 

 

Net loss before allocation to noncontrolling interest

 

$

(249,581

)

 

$

(63,628

)

Net loss attributable to noncontrolling interest

 

 

(58,569

)

 

 

(17,922

)

Net loss attributable to common stockholders - basic and diluted

 

$

(191,012

)

 

$

(45,706

)

Denominator

 

 

 

 

 

 

Weighted-average number of shares of Class A Common Stock outstanding - basic and diluted

 

 

290,689,457

 

 

 

223,974,396

 

Net loss per share attributable to holders of Class A Common Stock - basic and diluted

 

$

(0.66

)

 

$

(0.20

)