Earnings Per Share ("EPS") (Tables)
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6 Months Ended |
Jun. 30, 2026 |
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| Earnings Per Share ("EPS") |
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| Schedule of computation of basic and diluted earnings per share ("EPS") |
| | | | | | | | | | | | | | | Three Months Ended | | Six Months Ended | | | June 30, | | June 30, | | | 2026 | | 2025 | | 2026 | | 2025 | Numerator: | | | | | | | | | | | | | Net income (loss) | | $ | (237,170) | | $ | 219,454 | | $ | (737,647) | | $ | (76,913) | Interest incurred on the 2030 Notes, net of income taxes | | | — | | | 2,189 | | | — | | | — | Numerator for diluted EPS | | $ | (237,170) | | $ | 221,643 | | $ | (737,647) | | $ | (76,913) | | | | | | | | | | | | | | Denominator: | | | | | | | | | | | | | Denominator for basic EPS - weighted average shares outstanding | | | 347,695,985 | | | 336,278,380 | | | 347,660,313 | | | 332,912,120 | Effect of dilutive securities: | | | | | | | | | | | | | Unvested RSAs | | | — | | | 5,881,278 | | | — | | | — | Unvested RSUs | | | — | | | 529,579 | | | — | | | — | 2030 Notes | | | — | | | 39,988,127 | | | — | | | — | Dilutive potential common shares | | | — | | | 46,398,984 | | | — | | | — | Denominator for diluted EPS - adjusted weighted average shares outstanding | | | 347,695,985 | | | 382,677,364 | | | 347,660,313 | | | 332,912,120 | | | | | | | | | | | | | | Basic EPS | | $ | (0.68) | | $ | 0.65 | | $ | (2.12) | | $ | (0.23) | Diluted EPS | | $ | (0.68) | | $ | 0.58 | | $ | (2.12) | | $ | (0.23) |
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| Schedule of antidilutive securities |
| | | | | | | | | | | | | | | Three Months Ended | | Six Months Ended | | | June 30, | | June 30, | | | 2026 | | 2025 | | 2026 | | 2025 | Warrants to purchase common stock | | | 63,000 | | | 63,000 | | | 63,000 | | | 63,000 | Unvested RSAs(a) | | | 30,282,686 | | | — | | | 30,282,686 | | | 22,846,989 | Unvested RSUs | | | 2,171,155 | | | — | | | 2,171,155 | | | 2,114,812 | Stock options | | | — | | | 1,166,861 | | | — | | | 1,166,861 | 2030 Notes | | | 39,988,127 | | | — | | | 39,988,127 | | | — | Total | | | 72,504,968 | | | 1,229,861 | | | 72,504,968 | | | 26,191,662 |
| (a) | Unvested restricted stock awards are included in total common shares outstanding but are excluded from the calculation of basic earnings per share. |
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