v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (Unaudited) - USD ($)
$ in Thousands
Total
Common Stock [Member]
Treasury Stock [Member]
Additional Paid-In Capital [Member]
Accumulated Other Comprehensive (Loss) Income [Member]
Accumulated Deficit [Member]
Balance at Dec. 31, 2024 $ 1,527,742 $ 10   $ 5,738,924 $ (218) $ (4,210,974)
Balance (in shares) at Dec. 31, 2024   96,900        
Exercise of options for common stock 9,036     9,036    
Exercise of options for common stock, shares   146        
Vest of restricted stock units   1,135        
Cumulative effect of accounting change to adopt ASU 2025-07 47,400         47,400
Issuance of common stock under employee stock purchase plan 6,645     6,645    
Issuance of common stock under employee stock purchase plan, shares   74        
Stock-based compensation 46,556     46,556    
Unrealized gains (loss) on investments, net of tax 252       252  
Net Income (Loss) (447,508)         (447,508)
Balance at Mar. 31, 2025 1,190,123 $ 10   5,801,161 34 (4,611,082)
Balance (in shares) at Mar. 31, 2025   98,255        
Balance at Dec. 31, 2024 1,527,742 $ 10   5,738,924 (218) (4,210,974)
Balance (in shares) at Dec. 31, 2024   96,900        
Repurchases of common stock (25,013)          
Net Income (Loss) (250,616)          
Balance at Jun. 30, 2025 1,404,785 $ 10 $ (25,263) 5,844,279 (51) (4,414,190)
Balance (in shares) at Jun. 30, 2025   98,357        
Balance at Mar. 31, 2025 1,190,123 $ 10   5,801,161 34 (4,611,082)
Balance (in shares) at Mar. 31, 2025   98,255        
Exercise of options for common stock 1,500     1,500    
Exercise of options for common stock, shares   57        
Vest of restricted stock units   45        
Repurchases Of Common Stock Shares     (651)      
Repurchases of common stock (25,263)   $ (25,263)      
Stock-based compensation 41,618     41,618    
Unrealized gains (loss) on investments, net of tax (85)       (85)  
Net Income (Loss) 196,892         196,892
Balance at Jun. 30, 2025 $ 1,404,785 $ 10 $ (25,263) 5,844,279 (51) (4,414,190)
Balance (in shares) at Jun. 30, 2025   98,357        
Treasury Stock, Common, Shares     (651)      
Treasury Stock, Common, Shares 650,876   (651)      
Balance at Dec. 31, 2025 $ 1,140,622 $ 11 $ (25,263) 6,042,586 272 (4,876,984)
Balance (in shares) at Dec. 31, 2025   105,615        
Exercise of options for common stock 241     241    
Exercise of options for common stock, shares   25        
Vest of restricted stock units   587 (5)      
Stock-based compensation 33,673     33,673    
Unrealized gains (loss) on investments, net of tax (393)       (393)  
Net Income (Loss) 330,959         330,959
Balance at Mar. 31, 2026 1,505,102 $ 11 $ (25,263) 6,076,500 (121) (4,546,025)
Balance (in shares) at Mar. 31, 2026   106,227        
Balance at Dec. 31, 2025 1,140,622 $ 11 (25,263) 6,042,586 272 (4,876,984)
Balance (in shares) at Dec. 31, 2025   105,615        
Repurchases of common stock 0          
Net Income (Loss) 326,069          
Balance at Jun. 30, 2026 1,527,798 $ 11 $ (25,263) 6,104,530 (565) (4,550,915)
Balance (in shares) at Jun. 30, 2026   106,279        
Treasury Stock, Common, Shares     (656)      
Balance at Mar. 31, 2026 1,505,102 $ 11 $ (25,263) 6,076,500 (121) (4,546,025)
Balance (in shares) at Mar. 31, 2026   106,227        
Vest of restricted stock units   52        
Stock-based compensation 28,030     28,030    
Unrealized gains (loss) on investments, net of tax (444)       (444)  
Net Income (Loss) (4,890)         (4,890)
Balance at Jun. 30, 2026 $ 1,527,798 $ 11 $ (25,263) $ 6,104,530 $ (565) $ (4,550,915)
Balance (in shares) at Jun. 30, 2026   106,279        
Treasury Stock, Common, Shares 655,642   (656)