v3.26.1
STOCKHOLDERS’ EQUITY (Tables)
 3 Months Ended
Mar. 31, 2026
Equity [Abstract]  
Schedule of Common Stock Outstanding
The following table summarizes the total shares of Class A common stock and Class B common stock outstanding as of March 31, 2026 and December 31, 2025:
(in thousands)March 31, 2026December 31, 2025
Shares of Class A common stock202,760 202,152 
Shares of Class B common stock65 65 
Total202,825202,217
Schedule of Warrants
The following table summarizes the warrants activity during the three months ended March 31, 2026:
Number of Warrants
(in thousands)
Weighted-Average Exercise Price
Weighted-Average Remaining Exercise Period
(years)
Aggregate Intrinsic Value
(in thousands)(1)
Outstanding, December 31, 2025
1,839 $3.10 0.5$— 
Outstanding, March 31, 2026(2)
1,839 $3.10 0.2$— 
(1)Based on the amount by which the closing market price of our Class A common stock exceeds the exercise price on each date indicated.
(2)The warrants outstanding as of March 31, 2026 are equity-classified instruments, are subject to customary anti-dilution adjustments, and are stand-alone instruments. The fair value per warrant was calculated at issuance using a Black-Scholes model, resulting in a value of $0.84 per warrant. Significant assumptions used in the calculations included a volatility of 70.0% and a risk-free rate of 3.0%. No warrants were exercised during the three months ended March 31, 2026.