v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($)
$ in Thousands
Total
Common Stock
Additional Paid-in Capital
Accumulated Other Comprehensive Income (Loss)
Retained Earnings (Accumulated Deficit)
Beginning balance at Dec. 31, 2024 $ 3,447,628 $ 193 $ 4,533,437 $ (13,121) $ (1,072,881)
Increase (Decrease) in Stockholders' Equity          
Issuance of shares of Common Stock upon exercise of stock options and settlement of employee restricted stock (6,215)   (6,215)    
Issuance of shares of Common Stock for services rendered 82   82    
Stock compensation 60,982   60,982    
Other comprehensive (loss) income 6,883     6,883  
Net income 158,203       158,203
Ending balance at Mar. 31, 2025 3,667,563 193 4,588,286 (6,238) (914,678)
Beginning balance at Dec. 31, 2024 3,447,628 193 4,533,437 (13,121) (1,072,881)
Increase (Decrease) in Stockholders' Equity          
Other comprehensive (loss) income 26,560        
Net income 563,202        
Ending balance at Jun. 30, 2025 4,170,903 194 4,666,949 13,439 (509,679)
Beginning balance at Mar. 31, 2025 3,667,563 193 4,588,286 (6,238) (914,678)
Increase (Decrease) in Stockholders' Equity          
Issuance of shares of Common Stock upon exercise of stock options and settlement of employee restricted stock units and performance shares, net of shares withheld for taxes and shares of Common Stock under the ESPP 13,973 1 13,972    
Issuance of shares of Common Stock for services rendered 82   82    
Stock compensation 64,609   64,609    
Other comprehensive (loss) income 19,677     19,677  
Net income 404,999       404,999
Ending balance at Jun. 30, 2025 4,170,903 194 4,666,949 13,439 (509,679)
Beginning balance at Dec. 31, 2025 5,167,478 [1] 198 4,928,049 25,462 213,769
Increase (Decrease) in Stockholders' Equity          
Issuance of shares of Common Stock upon exercise of stock options and settlement of employee restricted stock 90,969 2 90,967    
Issuance of shares of Common Stock for services rendered 92   92    
Stock compensation 64,126   64,126    
Other comprehensive (loss) income (3,148)     (3,148)  
Net income 303,330       303,330
Ending balance at Mar. 31, 2026 5,622,847 200 5,083,234 22,314 517,099
Beginning balance at Dec. 31, 2025 5,167,478 [1] 198 4,928,049 25,462 213,769
Increase (Decrease) in Stockholders' Equity          
Other comprehensive (loss) income (5,744)        
Net income 888,935        
Ending balance at Jun. 30, 2026 6,344,427 201 5,221,804 19,718 1,102,704
Beginning balance at Mar. 31, 2026 5,622,847 200 5,083,234 22,314 517,099
Increase (Decrease) in Stockholders' Equity          
Issuance of shares of Common Stock upon exercise of stock options and settlement of employee restricted stock units and performance shares, net of shares withheld for taxes and shares of Common Stock under the ESPP 71,216 1 71,215    
Issuance of shares of Common Stock for services rendered 92   92    
Stock compensation 67,263   67,263    
Other comprehensive (loss) income (2,596)     (2,596)  
Net income 585,605       585,605
Ending balance at Jun. 30, 2026 $ 6,344,427 $ 201 $ 5,221,804 $ 19,718 $ 1,102,704
[1] The condensed consolidated balance sheet at December 31, 2025 has been derived from the audited consolidated financial statements at that date.