v3.26.1
Condensed Consolidated Statements of Stockholders’ Equity (unaudited) - USD ($)
$ in Thousands
Total
Common Stock (Class A, B and Exchangeable)
Additional Paid-in-Capital
Accumulated Deficit
Accumulated other comprehensive income (loss)
Beginning balance (in shares) at Dec. 31, 2024   396,802,394      
Beginning balance at Dec. 31, 2024 $ 1,034,782 $ 4 $ 2,473,698 $ (1,431,283) $ (7,637)
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net loss (374,384)     (374,384)  
Other comprehensive income (loss) 51,257       51,257
Stock option exercises and other (in shares)   8,774,159      
Stock option exercises and other 4,250   4,172 78  
Stock-based compensation 62,217   62,217    
Common stock sales issuances, net of issuance costs (in shares)   27,254,089      
Common stock sales issuances, net of issuance costs 141,024   141,024    
Ending balance (in shares) at Jun. 30, 2025   432,830,642      
Ending balance at Jun. 30, 2025 919,146 $ 4 2,681,111 (1,805,589) 43,620
Beginning balance (in shares) at Mar. 31, 2025   406,410,733      
Beginning balance at Mar. 31, 2025 933,947 $ 4 2,553,492 (1,633,694) 14,145
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net loss (171,897)     (171,897)  
Other comprehensive income (loss) 29,475       29,475
Stock option exercises and other (in shares)   4,665,500      
Stock option exercises and other 1,461   1,459 2  
Stock-based compensation 26,160   26,160    
Common stock sales issuances, net of issuance costs (in shares)   21,754,409      
Common stock sales issuances, net of issuance costs 100,000   100,000    
Ending balance (in shares) at Jun. 30, 2025   432,830,642      
Ending balance at Jun. 30, 2025 $ 919,146 $ 4 2,681,111 (1,805,589) 43,620
Beginning balance (in shares) at Dec. 31, 2025 528,182,693 528,182,693      
Beginning balance at Dec. 31, 2025 $ 1,130,865 $ 5 3,170,145 (2,076,002) 36,717
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net loss (248,509)     (248,509)  
Other comprehensive income (loss) (8,723)       (8,723)
Stock option exercises and other (in shares)   6,104,992      
Stock option exercises and other (343)   (343)    
Stock-based compensation $ 41,713   41,713    
Ending balance (in shares) at Jun. 30, 2026 534,120,235 534,287,685      
Ending balance at Jun. 30, 2026 $ 915,003 $ 5 3,211,515 (2,324,511) 27,994
Beginning balance (in shares) at Mar. 31, 2026   530,796,103      
Beginning balance at Mar. 31, 2026 1,024,769 $ 5 3,191,608 (2,193,506) 26,662
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net loss (131,005)     (131,005)  
Other comprehensive income (loss) 1,332       1,332
Stock option exercises and other (in shares)   3,491,582      
Stock option exercises and other 409   409    
Stock-based compensation $ 19,498   19,498    
Ending balance (in shares) at Jun. 30, 2026 534,120,235 534,287,685      
Ending balance at Jun. 30, 2026 $ 915,003 $ 5 $ 3,211,515 $ (2,324,511) $ 27,994