v3.26.1
Consolidated Statements of Stockholders' Equity - USD ($)
shares in Thousands, $ in Thousands
Total
Class A non-voting common stock
Class B voting common stock
Class C voting common stock
Common Stock
Class A non-voting common stock
Common Stock
Class B voting common stock
Common Stock
Class C voting common stock
Treasury stock
Additional paid-in capital
Accumulated deficit
Accumulated other comprehensive income
Common stock, beginning of period (in shares) at Dec. 31, 2024         1,436,495 22,523 231,627   0 0 0
Treasury stock, beginning of period (in shares) at Dec. 31, 2024               47,222      
Balance, beginning of period at Dec. 31, 2024         $ 14 $ 0 $ 2 $ (460,620) $ 15,644,132 $ (12,735,461) $ 2,694
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Issuance of Class A non-voting common stock for vesting of restricted stock units and restricted stock awards, net (in shares)         47,353            
Repurchases of Class A non-voting common stock (in shares)         (57,293)            
Reissuances of Class A non-voting common stock for vesting of restricted stock units (in shares)         1,645     (1,645)      
Repurchases of Class A non-voting common stock (in shares)               57,293      
Repurchases of Class A non-voting common stock               $ (500,573)      
Retirement of Class A non-voting common stock (in shares)               (57,293)      
Retirement of Class A non-voting common stock               $ 500,573   (500,573)  
Reissuances of Class A non-voting common stock for vesting of restricted stock units               $ 16,047 (16,047)    
Net loss $ (402,157)                 $ (402,157)  
Stock-based compensation expense                 $ 499,224    
Other comprehensive income (loss), net of tax $ 22,102                   $ 22,102
Common stock, end of period (in shares) at Jun. 30, 2025 1,727,927       1,428,200 22,523 231,627   0 0 0
Treasury stock, end of period (in shares) at Jun. 30, 2025               45,577      
Balance, end of period at Jun. 30, 2025 $ 2,069,357       $ 14 $ 0 $ 2 $ (444,573) $ 16,127,309 $ (13,638,191) $ 24,796
Common stock, beginning of period (in shares) at Mar. 31, 2025         1,432,528 22,523 231,627   0 0 0
Treasury stock, beginning of period (in shares) at Mar. 31, 2025               45,980      
Balance, beginning of period at Mar. 31, 2025         $ 14 $ 0 $ 2 $ (448,509) $ 15,879,359 $ (13,132,148) $ 12,617
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Issuance of Class A non-voting common stock for vesting of restricted stock units and restricted stock awards, net (in shares)         25,243            
Repurchases of Class A non-voting common stock (in shares)         (29,974)            
Reissuances of Class A non-voting common stock for vesting of restricted stock units (in shares)         403     (403)      
Repurchases of Class A non-voting common stock (in shares)               29,974      
Repurchases of Class A non-voting common stock               $ (243,473)      
Retirement of Class A non-voting common stock (in shares)               (29,974)      
Retirement of Class A non-voting common stock               $ 243,473   (243,473)  
Reissuances of Class A non-voting common stock for vesting of restricted stock units               $ 3,936 (3,936)    
Net loss (262,570)                 $ (262,570)  
Stock-based compensation expense                 $ 251,886    
Other comprehensive income (loss), net of tax $ 12,179                   $ 12,179
Common stock, end of period (in shares) at Jun. 30, 2025 1,727,927       1,428,200 22,523 231,627   0 0 0
Treasury stock, end of period (in shares) at Jun. 30, 2025               45,577      
Balance, end of period at Jun. 30, 2025 $ 2,069,357       $ 14 $ 0 $ 2 $ (444,573) $ 16,127,309 $ (13,638,191) $ 24,796
Common stock, beginning of period (in shares) at Dec. 31, 2025   1,457,403 22,523 231,627 1,457,403 22,523 231,627   0 0 0
Treasury stock, beginning of period (in shares) at Dec. 31, 2025   44,670           44,670      
Balance, beginning of period at Dec. 31, 2025 2,281,495       $ 15 $ 0 $ 2 $ (435,722) $ 16,637,324 $ (13,946,816) $ 26,692
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Issuance of Class A non-voting common stock for vesting of restricted stock units and restricted stock awards, net (in shares)         68,115            
Issuance of Class A non-voting common stock for vesting of restricted stock units and restricted stock awards, net         $ 1            
Repurchases of Class A non-voting common stock (in shares)         (98,530)            
Reissuances of Class A non-voting common stock for vesting of restricted stock units (in shares)         1,143     (1,143)      
Repurchases of Class A non-voting common stock (in shares)               98,530      
Repurchases of Class A non-voting common stock         $ (1)     $ (600,964)      
Retirement of Class A non-voting common stock (in shares)               (98,530)      
Retirement of Class A non-voting common stock               $ 600,964   (600,964)  
Reissuances of Class A non-voting common stock for vesting of restricted stock units               $ 11,145 (11,145)    
Other                 4,190    
Net loss (252,911)                 $ (252,911)  
Stock-based compensation expense                 $ 513,229    
Other comprehensive income (loss), net of tax $ (17,951)                   $ (17,951)
Common stock, end of period (in shares) at Jun. 30, 2026 1,725,808 1,428,131 22,523 231,627 1,428,131 22,523 231,627   0 0 0
Treasury stock, end of period (in shares) at Jun. 30, 2026   43,527           43,527      
Balance, end of period at Jun. 30, 2026 $ 1,927,088       $ 15 $ 0 $ 2 $ (424,577) $ 17,143,598 $ (14,800,691) $ 8,741
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Common stock shares issued not disclosed true                    
Common stock, beginning of period (in shares) at Mar. 31, 2026         1,443,120 22,523 231,627   0 0 0
Treasury stock, beginning of period (in shares) at Mar. 31, 2026               44,264      
Balance, beginning of period at Mar. 31, 2026         $ 15 $ 0 $ 2 $ (431,762) $ 16,887,594 $ (14,386,265) $ 14,689
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Issuance of Class A non-voting common stock for vesting of restricted stock units and restricted stock awards, net (in shares)         32,914            
Issuance of Class A non-voting common stock for vesting of restricted stock units and restricted stock awards, net         $ 1            
Repurchases of Class A non-voting common stock (in shares)         (48,640)            
Reissuances of Class A non-voting common stock for vesting of restricted stock units (in shares)         737     (737)      
Repurchases of Class A non-voting common stock (in shares)               48,640      
Repurchases of Class A non-voting common stock         $ (1)     $ (250,466)      
Retirement of Class A non-voting common stock (in shares)               (48,640)      
Retirement of Class A non-voting common stock               $ 250,466   (250,466)  
Reissuances of Class A non-voting common stock for vesting of restricted stock units               $ 7,185 (7,185)    
Net loss $ (163,960)                 $ (163,960)  
Stock-based compensation expense                 $ 263,189    
Other comprehensive income (loss), net of tax $ (5,948)                   $ (5,948)
Common stock, end of period (in shares) at Jun. 30, 2026 1,725,808 1,428,131 22,523 231,627 1,428,131 22,523 231,627   0 0 0
Treasury stock, end of period (in shares) at Jun. 30, 2026   43,527           43,527      
Balance, end of period at Jun. 30, 2026 $ 1,927,088       $ 15 $ 0 $ 2 $ (424,577) $ 17,143,598 $ (14,800,691) $ 8,741