v3.26.1
Net Loss Per Share
 6 Months Ended
Jun. 30, 2026
Earnings Per Share [Abstract]  
Net Loss Per Share Net Loss Per Share
The numerators and denominators of the basic and diluted net loss per share are computed as follows (in thousands, except per share, unit and per unit data):
 Three Months Ended June 30,Six Months Ended June 30,
Basic and diluted net loss per share2026202520262025
Numerator:
Net loss$(25,749)$(228,619)$(82,512)$(290,605)
Denominator:
Basic479,119,921 320,591,204 476,079,687 299,666,133 
Diluted479,119,921 320,591,204 476,079,687 299,666,133 
Basic net loss per share$(0.05)$(0.71)$(0.17)$(0.97)
Diluted net loss per share$(0.05)$(0.71)$(0.17)$(0.97)
The following securities were not included in the computation of diluted shares outstanding because the effect would be anti-dilutive:
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Stock options1,535,493 2,139,040 1,165,431 2,143,037 
Private warrants73,333 74,166 73,333 74,166 
Public warrants12,252,439 12,251,606 12,252,439 12,251,606 
2025 RDO warrants3,770,000 3,770,000 3,770,000 3,770,000 
2026 Convertible notes1,664,732 1,664,939 1,664,732 1,664,939 
2029 Convertible notes— 35,100,000 — 35,100,000 
PSUs— 525,170 — 1,638,892 
RSUs13,985,327 11,897,674 15,420,203 12,044,401 
ESPP481,899 420,465 526,284 497,884 
Total
33,763,223 67,843,060 34,872,422 69,184,925 
Although certain convertible notes were converted during the six months ended June 30, 2026 and June 30, 2025, application of the if-converted method would have been anti-dilutive due to the Company’s net loss for the period; accordingly, such instruments were excluded from diluted earnings per share.