v3.26.1
Condensed Consolidated Statements of Stockholders' Equity (Deficit) - USD ($)
$ in Thousands
Common Stock
Public Offering
Common Stock
Additional Paid-In Capital
Public Offering
Additional Paid-In Capital
Accumulated Other Comprehensive Loss
Accumulated Deficit
Public Offering
Total
Beginning Balances at Dec. 31, 2024   $ 12   $ 1,419,266 $ (275) $ (1,550,993)   $ (131,990)
Beginning Balances (in shares) at Dec. 31, 2024   115,614,548            
Net income (loss)           (56,569)   (56,569)
Issuance of common stock upon vesting of restricted stock units ("RSUs") (in shares)   474,410            
Taxes paid related to net share settlement of RSUs       (264)       (264)
Taxes paid related to net share settlement of RSUs (in shares)   (181,742)            
Stock-based compensation expense       5,353       5,353
Ending Balances at Mar. 31, 2025   $ 12   1,424,355 (275) (1,607,562)   (183,470)
Ending Balances (in shares) at Mar. 31, 2025   115,907,216            
Beginning Balances at Dec. 31, 2024   $ 12   1,419,266 (275) (1,550,993)   (131,990)
Beginning Balances (in shares) at Dec. 31, 2024   115,614,548            
Net income (loss)               241,198
Ending Balances at Jun. 30, 2025   $ 12   1,429,885 (275) (1,309,795)   119,827
Ending Balances (in shares) at Jun. 30, 2025   116,222,726            
Beginning Balances at Mar. 31, 2025   $ 12   1,424,355 (275) (1,607,562)   (183,470)
Beginning Balances (in shares) at Mar. 31, 2025   115,907,216            
Net income (loss)           297,767   297,767
Issuance of common stock upon vesting of restricted stock units ("RSUs") (in shares)   44,556            
Taxes paid related to net share settlement of RSUs       (16)       (16)
Taxes paid related to net share settlement of RSUs (in shares)   (16,519)            
Issuance of common stock under the employee stock purchase plan ("ESPP")       188       188
Issuance of common stock under the employee stock purchase plan ("ESPP") (in shares)   287,473            
Stock-based compensation expense       5,358       5,358
Ending Balances at Jun. 30, 2025   $ 12   1,429,885 (275) (1,309,795)   119,827
Ending Balances (in shares) at Jun. 30, 2025   116,222,726            
Beginning Balances at Dec. 31, 2025   $ 12   1,444,166 (195) (1,382,969)   $ 61,014
Beginning Balances (in shares) at Dec. 31, 2025   121,154,925           121,154,925
Net income (loss)           (38,327)   $ (38,327)
Issuance of common stock upon exercise of stock options       57       57
Issuance of common stock upon exercise of stock options (in shares)   56,705            
Issuance of common stock upon vesting of restricted stock units ("RSUs") (in shares)   188,057            
Taxes paid related to net share settlement of RSUs       (112)       (112)
Taxes paid related to net share settlement of RSUs (in shares)   (72,078)            
Issuance of common stock under Public Offering, net of issuance costs $ 3   $ 53,647       $ 53,650  
Issuance of common stock under Public Offering, net of issuance costs (in shares) 32,890,000           32,890,000  
Stock-based compensation expense       2,414       2,414
Other comprehensive loss, net of tax         (73)     (73)
Ending Balances at Mar. 31, 2026   $ 15   1,500,172 (268) (1,421,296)   78,623
Ending Balances (in shares) at Mar. 31, 2026   154,217,609            
Beginning Balances at Dec. 31, 2025   $ 12   1,444,166 (195) (1,382,969)   $ 61,014
Beginning Balances (in shares) at Dec. 31, 2025   121,154,925           121,154,925
Net income (loss)               $ (58,958)
Ending Balances at Jun. 30, 2026   $ 15   1,503,031 (281) (1,441,927)   $ 60,838
Ending Balances (in shares) at Jun. 30, 2026   154,470,363           154,470,363
Beginning Balances at Mar. 31, 2026   $ 15   1,500,172 (268) (1,421,296)   $ 78,623
Beginning Balances (in shares) at Mar. 31, 2026   154,217,609            
Net income (loss)           (20,631)   (20,631)
Issuance of common stock upon exercise of stock options       58       58
Issuance of common stock upon exercise of stock options (in shares)   42,457            
Issuance of common stock under the employee stock purchase plan ("ESPP")       202       202
Issuance of common stock under the employee stock purchase plan ("ESPP") (in shares)   210,297            
Stock-based compensation expense       2,599       2,599
Other comprehensive loss, net of tax         (13)     (13)
Ending Balances at Jun. 30, 2026   $ 15   $ 1,503,031 $ (281) $ (1,441,927)   $ 60,838
Ending Balances (in shares) at Jun. 30, 2026   154,470,363           154,470,363