v3.26.1
Consolidated Statements of Shareholders' Equity (unaudited) - USD ($)
$ in Thousands
Total
Common Stock
Additional Paid-in Capital
Accumulated Deficit
Accumulated Other Comprehensive Income (Loss)
Beginning balance (in shares) at Dec. 31, 2024   179,383,000      
Beginning balance at Dec. 31, 2024 $ 285,379 $ 1,794 $ 4,645,791 $ (4,359,917) $ (2,289)
Comprehensive loss:          
Net loss (578,269)     (578,269)  
Other comprehensive income (loss) 4,021       4,021
Issuance of common stock for exercise of stock options, vesting of RSUs and PSUs, and ESPP (in shares)   4,821,000      
Issuance of common stock for exercise of stock options, vesting of RSUs and PSUs, and ESPP 66,687 $ 48 66,639    
Net proceeds from issuance of common stock (in shares)   8,984,000      
Net proceeds from issuance of common stock 823,538 $ 90 823,448    
Issuance of common stock upon conversion of convertible notes (in shares)   17,923,000      
Issuance of common stock upon conversion of convertible notes 566,141 $ 179 565,962    
Stock-based compensation expense 82,238   82,238    
Ending balance (in shares) at Jun. 30, 2025   211,111,000      
Ending balance at Jun. 30, 2025 1,249,735 $ 2,111 6,184,078 (4,938,186) 1,732
Beginning balance (in shares) at Mar. 31, 2025   181,900,000      
Beginning balance at Mar. 31, 2025 99,159 $ 1,819 4,714,742 (4,616,500) (902)
Comprehensive loss:          
Net loss (321,686)     (321,686)  
Other comprehensive income (loss) 2,634       2,634
Issuance of common stock for exercise of stock options, vesting of RSUs and PSUs, and ESPP (in shares)   2,304,000      
Issuance of common stock for exercise of stock options, vesting of RSUs and PSUs, and ESPP 36,978 $ 23 36,955    
Net proceeds from issuance of common stock (in shares)   8,984,000      
Net proceeds from issuance of common stock 823,538 $ 90 823,448    
Issuance of common stock upon conversion of convertible notes (in shares)   17,923,000      
Issuance of common stock upon conversion of convertible notes 566,136 $ 179 565,957    
Stock-based compensation expense 42,976   42,976    
Ending balance (in shares) at Jun. 30, 2025   211,111,000      
Ending balance at Jun. 30, 2025 $ 1,249,735 $ 2,111 6,184,078 (4,938,186) 1,732
Beginning balance (in shares) at Dec. 31, 2025 214,255,853 214,256,000      
Beginning balance at Dec. 31, 2025 $ 738,976 $ 2,143 6,372,064 (5,636,692) 1,461
Comprehensive loss:          
Net loss (176,805)     (176,805)  
Other comprehensive income (loss) (4,834)       (4,834)
Issuance of common stock for exercise of stock options, vesting of RSUs and PSUs, and ESPP (in shares)   3,661,000      
Issuance of common stock for exercise of stock options, vesting of RSUs and PSUs, and ESPP 58,281 $ 37 58,244    
Issuance of common stock for Business Acquisition milestone achievement (in shares)   364,000      
Issuance of common stock for Business Acquisition milestone achievement 54,868 $ 3 54,865    
Stock-based compensation expense $ 87,008   87,008    
Ending balance (in shares) at Jun. 30, 2026 218,281,059 218,281,000      
Ending balance at Jun. 30, 2026 $ 757,494 $ 2,183 6,572,181 (5,813,497) (3,373)
Beginning balance (in shares) at Mar. 31, 2026   216,522,000      
Beginning balance at Mar. 31, 2026 704,852 $ 2,165 6,502,938 (5,800,255) 4
Comprehensive loss:          
Net loss (13,242)     (13,242)  
Other comprehensive income (loss) (3,377)       (3,377)
Issuance of common stock for exercise of stock options, vesting of RSUs and PSUs, and ESPP (in shares)   1,759,000      
Issuance of common stock for exercise of stock options, vesting of RSUs and PSUs, and ESPP 28,007 $ 18 27,989    
Stock-based compensation expense $ 41,254   41,254    
Ending balance (in shares) at Jun. 30, 2026 218,281,059 218,281,000      
Ending balance at Jun. 30, 2026 $ 757,494 $ 2,183 $ 6,572,181 $ (5,813,497) $ (3,373)