v3.26.1
Condensed Consolidated Statements of Stockholders' Equity - USD ($)
$ in Thousands
Common Stock
Accumulated deficit
Accumulated other comprehensive income (loss)
Total
Balance at Dec. 31, 2024 $ 3,833,882 $ (690,419) $ 222 $ 3,143,685
Balance (in shares) at Dec. 31, 2024 344,890,208      
Issuance of restricted stock, net of forfeitures and delivery of common stock underlying stock awards, net of tax withholding $ (587)     (587)
Issuance of restricted stock, net of forfeitures and delivery of common stock underlying stock awards, net of tax withholding (in shares) 578,637      
Issuance of common stock/At-the-market offering, net of offering costs $ 121,062     121,062
Issuance of common stock/At-the-market offering, net of offering costs (in shares) 10,775,462      
Stock-based compensation $ 59,696     59,696
Issuance of common stock for asset acquisition $ 49,000     49,000
Issuance of common stock for asset acquisition (in shares) 6,989,800      
Net income (loss)   (76,913)   (76,913)
Other comprehensive income (loss)     (27) (27)
Balance at Jun. 30, 2025 $ 4,063,053 (767,332) 195 3,295,916
Balance (in shares) at Jun. 30, 2025 363,234,107      
Balance at Mar. 31, 2025 $ 3,931,379 (986,786) 245 2,944,838
Balance (in shares) at Mar. 31, 2025 350,184,294      
Issuance of restricted stock, net of forfeitures and delivery of common stock underlying stock awards, net of tax withholding $ (103)     (103)
Issuance of restricted stock, net of forfeitures and delivery of common stock underlying stock awards, net of tax withholding (in shares) 653,151      
Issuance of common stock/At-the-market offering, net of offering costs $ 52,657     52,657
Issuance of common stock/At-the-market offering, net of offering costs (in shares) 5,406,862      
Stock-based compensation $ 30,120     30,120
Issuance of common stock for asset acquisition $ 49,000     49,000
Issuance of common stock for asset acquisition (in shares) 6,989,800      
Net income (loss)   219,454   219,454
Other comprehensive income (loss)     (50) (50)
Balance at Jun. 30, 2025 $ 4,063,053 (767,332) $ 195 3,295,916
Balance (in shares) at Jun. 30, 2025 363,234,107      
Balance at Dec. 31, 2025 $ 4,212,006 (1,353,600)   2,858,406
Balance (in shares) at Dec. 31, 2025 371,575,652      
Issuance of restricted stock, net of forfeitures and delivery of common stock underlying stock awards, net of tax withholding $ (2,519)     $ (2,519)
Issuance of restricted stock, net of forfeitures and delivery of common stock underlying stock awards, net of tax withholding (in shares) 6,447,312     6,400,000
Issuance of common stock/At-the-market offering, net of offering costs $ (372)     $ (372)
Stock-based compensation 74,748     74,748
Net income (loss)   (737,647)   (737,647)
Balance at Jun. 30, 2026 $ 4,283,863 (2,091,247)   2,192,616
Balance (in shares) at Jun. 30, 2026 378,022,964      
Balance at Mar. 31, 2026 $ 4,248,780 (1,854,077)   2,394,703
Balance (in shares) at Mar. 31, 2026 378,978,341      
Issuance of restricted stock, net of forfeitures and delivery of common stock underlying stock awards, net of tax withholding $ (499)     (499)
Issuance of restricted stock, net of forfeitures and delivery of common stock underlying stock awards, net of tax withholding (in shares) (955,377)      
Stock-based compensation $ 35,582     35,582
Net income (loss)   (237,170)   (237,170)
Balance at Jun. 30, 2026 $ 4,283,863 $ (2,091,247)   $ 2,192,616
Balance (in shares) at Jun. 30, 2026 378,022,964