v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY - USD ($)
$ in Thousands
Total
Conversion of Convertible Senior Notes
Preferred Stock conversion
Preferred Stock
Preferred Stock
Preferred Stock conversion
Preferred Stock
Preferred Stock Exchange
Common Stock
Common Stock
Conversion of Convertible Senior Notes
Common Stock
Preferred Stock conversion
Common Stock
Preferred Stock Exchange
Treasury Stock
Treasury Stock
Preferred Stock conversion
Treasury Stock
Preferred Stock Exchange
Additional Paid-In Capital
Additional Paid-In Capital
Conversion of Convertible Senior Notes
Accumulated Deficit
Accumulated Other Comprehensive Income (Loss)
Preferred stock outstanding, beginning balance (in shares) at Dec. 31, 2024       0                          
Balance at Beginning at Dec. 31, 2024 $ 382,453     $ 0     $ 50       $ 0     $ 1,198,909   $ (813,701) $ (2,805)
Balance at beginning (in shares) at Dec. 31, 2024             504,453,785                    
Treasury stock, beginning balance (in shares) at Dec. 31, 2024                     0            
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                  
Net loss (60,616)                             (60,616)  
Issuance of common stock under equity plans (in shares)             2,179,607                    
Issuance of common stock under equity plans 48                         48      
Stock-based compensation expense 18,871                         18,871      
Issuance of common stock under ATM Equity Offerings, net of issuance costs (in shares)             4,858,839                    
Issuance of common stock under ATM Equity Offering, net of issuance costs 90,103           $ 1             90,102      
Shares converted (in shares)           50,951,250                      
Shares converted 0         $ 5       $ (5)              
Preferred Stock Exchange (in shares)                         (50,951,250)        
Other comprehensive (loss) income 435                               435
Preferred stock outstanding, ending balance (in shares) at Mar. 31, 2025       50,951,250                          
Balance at ending (in shares) at Mar. 31, 2025             511,492,231                    
Balance Ending at Mar. 31, 2025 431,294     $ 5     $ 46       $ 0     1,307,930   (874,317) (2,370)
Treasury stock, ending balance (in shares) at Mar. 31, 2025                     (50,951,250)            
Preferred stock outstanding, beginning balance (in shares) at Dec. 31, 2024       0                          
Balance at Beginning at Dec. 31, 2024 382,453     $ 0     $ 50       $ 0     1,198,909   (813,701) (2,805)
Balance at beginning (in shares) at Dec. 31, 2024             504,453,785                    
Treasury stock, beginning balance (in shares) at Dec. 31, 2024                     0            
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                  
Net loss (127,030)                                
Preferred stock outstanding, ending balance (in shares) at Jun. 30, 2025       45,951,250                          
Balance at ending (in shares) at Jun. 30, 2025             525,277,899                    
Balance Ending at Jun. 30, 2025 688,485     $ 5     $ 48       $ 0     1,628,458   (940,731) 705
Treasury stock, ending balance (in shares) at Jun. 30, 2025                     (45,951,250)            
Preferred stock outstanding, beginning balance (in shares) at Mar. 31, 2025       50,951,250                          
Balance at Beginning at Mar. 31, 2025 431,294     $ 5     $ 46       $ 0     1,307,930   (874,317) (2,370)
Balance at beginning (in shares) at Mar. 31, 2025             511,492,231                    
Treasury stock, beginning balance (in shares) at Mar. 31, 2025                     (50,951,250)            
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                  
Net loss (66,414)                             (66,414)  
Issuance of common stock under equity plans (in shares)             3,502,374                    
Issuance of common stock under equity plans 4,863           $ 1             4,862      
Stock-based compensation expense 18,707                         18,707      
Issuance of common stock under ATM Equity Offerings, net of issuance costs (in shares)             10,283,294                    
Issuance of common stock under ATM Equity Offering, net of issuance costs 296,960           $ 1             296,959      
Shares converted (in shares)         (5,000,000)                        
Preferred Stock conversion (in shares)                       5,000,000          
Other comprehensive (loss) income 3,075                               3,075
Preferred stock outstanding, ending balance (in shares) at Jun. 30, 2025       45,951,250                          
Balance at ending (in shares) at Jun. 30, 2025             525,277,899                    
Balance Ending at Jun. 30, 2025 $ 688,485     $ 5     $ 48       $ 0     1,628,458   (940,731) 705
Treasury stock, ending balance (in shares) at Jun. 30, 2025                     (45,951,250)            
Preferred stock outstanding, beginning balance (in shares) at Dec. 31, 2025 45,951,250     45,951,250                          
Balance at Beginning at Dec. 31, 2025 $ 1,721,854     $ 5     $ 54       $ 0     2,735,669   (1,011,910) (1,964)
Balance at beginning (in shares) at Dec. 31, 2025 543,574,552           589,525,802                    
Treasury stock, beginning balance (in shares) at Dec. 31, 2025 (45,951,250)                   (45,951,250)            
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                  
Net loss $ (45,022)                             (45,022)  
Issuance of common stock under equity plans (in shares)             2,801,601                    
Issuance of common stock under equity plans 1,081           $ 1             1,080      
Stock-based compensation expense 26,666                         26,666      
Issuance of common stock under ATM Equity Offerings, net of issuance costs (in shares)             6,358,097                    
Issuance of common stock under ATM Equity Offering, net of issuance costs 444,922           $ 1             444,921      
Shares converted (in shares)               23,033,250                  
Shares converted   $ 115,872           $ 2             $ 115,870    
Other comprehensive (loss) income (1,006)                               (1,006)
Preferred stock outstanding, ending balance (in shares) at Mar. 31, 2026       45,951,250                          
Balance at ending (in shares) at Mar. 31, 2026             621,718,750                    
Balance Ending at Mar. 31, 2026 $ 2,264,367     $ 5     $ 58       $ 0     3,324,206   (1,056,932) (2,970)
Treasury stock, ending balance (in shares) at Mar. 31, 2026                     (45,951,250)            
Preferred stock outstanding, beginning balance (in shares) at Dec. 31, 2025 45,951,250     45,951,250                          
Balance at Beginning at Dec. 31, 2025 $ 1,721,854     $ 5     $ 54       $ 0     2,735,669   (1,011,910) (1,964)
Balance at beginning (in shares) at Dec. 31, 2025 543,574,552           589,525,802                    
Treasury stock, beginning balance (in shares) at Dec. 31, 2025 (45,951,250)                   (45,951,250)            
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                  
Net loss $ (94,280)                                
Preferred stock outstanding, ending balance (in shares) at Jun. 30, 2026 40,951,250     40,951,250                          
Balance at ending (in shares) at Jun. 30, 2026 598,180,438           639,131,688                    
Balance Ending at Jun. 30, 2026 $ 3,492,153     $ 4     $ 60       $ 0     4,606,854   (1,106,190) (8,575)
Treasury stock, ending balance (in shares) at Jun. 30, 2026 (40,951,250)                   (40,951,250)            
Preferred stock outstanding, beginning balance (in shares) at Mar. 31, 2026       45,951,250                          
Balance at Beginning at Mar. 31, 2026 $ 2,264,367     $ 5     $ 58       $ 0     3,324,206   (1,056,932) (2,970)
Balance at beginning (in shares) at Mar. 31, 2026             621,718,750                    
Treasury stock, beginning balance (in shares) at Mar. 31, 2026                     (45,951,250)            
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                  
Net loss (49,258)                             (49,258)  
Issuance of common stock under equity plans (in shares)             2,256,184                    
Issuance of common stock under equity plans 8,519                         8,519      
Stock-based compensation expense 21,516                         21,516      
Issuance of common stock under ATM Equity Offerings, net of issuance costs (in shares)             8,152,223                    
Issuance of common stock under ATM Equity Offering, net of issuance costs 1,067,832           $ 1             1,067,831      
Shares converted (in shares)         (5,000,000)     4,727,529                  
Shares converted   $ 23,980 $ 0   $ (1)     $ 0 $ 1           $ 23,980    
Preferred Stock conversion (in shares)                       5,000,000          
Issuance of common stock for acquisition (in shares)             2,277,002                    
Issuance of common stock for acquisition 160,802                         160,802      
Other comprehensive (loss) income $ (5,605)                               (5,605)
Preferred stock outstanding, ending balance (in shares) at Jun. 30, 2026 40,951,250     40,951,250                          
Balance at ending (in shares) at Jun. 30, 2026 598,180,438           639,131,688                    
Balance Ending at Jun. 30, 2026 $ 3,492,153     $ 4     $ 60       $ 0     $ 4,606,854   $ (1,106,190) $ (8,575)
Treasury stock, ending balance (in shares) at Jun. 30, 2026 (40,951,250)                   (40,951,250)