NET LOSS PER SHARE (Tables)

6 Months Ended

Jun. 30, 2026

Schedule of Reconciliations of the Numerators and Denominators Used to Compute Basic and Diluted Earnings (Loss) Per Share

The following table presents the reconciliation of the numerators and denominators used to compute basic and diluted net loss per share for the periods indicated (in thousands, except per share amounts):


	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
Numerator:
Net loss	$	(1,155,310)	$	(936,799)	$	(1,502,498)	$	(360,548)
Add: Change in fair value of Tranche 2 Warrants	74,234		923,525		78,995		289,104


Basic and diluted net loss	$	(1,081,076)	$	(13,274)	$	(1,423,503)	$	(71,444)
Denominator:
Weighted average shares outstanding - basic and diluted	325,329		317,985		324,128		316,593






Net loss per share - basic and diluted	$	(3.32)	$	(0.04)	$	(4.39)	$	(0.23)

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

The following table presents potentially dilutive securities excluded from the calculation of diluted EPS because their inclusion would be anti-dilutive (in thousands):



	June 30, 2026	June 30, 2025
Convertible Notes	69,611	69,611
RSUs, PSUs, and MSUs	16,408	25,204
Stock options	334	344
Tranche 1 Warrants	96,361	97,542
Total shares issuable from potentially dilutive securities	182,714	192,701