v3.26.1
Net Loss per Share (Tables)
6 Months Ended
Jun. 30, 2026
Earnings Per Share [Abstract]  
Schedule of Basic and Diluted Earnings Per Share

The following table sets forth reconciliations of the numerators and denominators used to compute basic and diluted net loss per share of Class A Common Stock (in thousands, except share and per share data):

 

 

 

For the Three Months ended
June 30, 2026

 

 

For the Six Months ended June 30, 2026

 

Numerator

 

 

 

 

 

 

Net loss before allocation to noncontrolling interest

 

$

(299,919

)

 

$

(549,500

)

Net loss attributable to noncontrolling interest

 

 

(69,010

)

 

 

(127,579

)

Net loss attributable to common stockholders - basic and diluted

 

$

(230,909

)

 

$

(421,921

)

Denominator

 

 

 

 

 

 

Weighted-average number of shares - basic and diluted

 

 

299,061,662

 

 

 

294,898,761

 

Net loss per share attributable to holders of Class A Common Stock - basic and diluted

 

$

(0.77

)

 

$

(1.43

)

 

 

For the Three Months ended
June 30, 2025

 

 

For the Six Months ended June 30, 2025

 

Numerator

 

 

 

 

 

 

Net loss before allocation to noncontrolling interest

 

$

(135,903

)

 

$

(199,531

)

Net loss attributable to noncontrolling interest

 

 

(36,509

)

 

 

(54,431

)

Net loss attributable to common stockholders - basic and diluted

 

$

(99,394

)

 

$

(145,100

)

Denominator

 

 

 

 

 

 

Weighted-average number of shares of Class A Common Stock outstanding - basic and diluted

 

 

241,571,070

 

 

 

232,892,845

 

Weighted-average number of penny warrants - basic and diluted

 

 

414,437

 

 

 

208,364

 

Weighted-average number of shares - basic and diluted

 

 

241,985,507

 

 

 

233,101,209

 

Net loss per share attributable to holders of Class A Common Stock - basic and diluted

 

$

(0.41

)

 

$

(0.62

)