v3.26.1
Consolidated Statements of Stockholders' Equity - USD ($)
$ in Thousands
Total
Common Stock
Additional Paid-In Capital
Accumulated Other Comprehensive Income / (Loss)
Accumulated Deficit
Beginning Balance at Dec. 31, 2024 $ 463,234 $ 1,065 $ 1,680,219 $ 66 $ (1,218,116)
Beginning Balance (in shares) at Dec. 31, 2024   106,453,818      
Issuance of common stock pursuant to vesting of restricted stock units   $ 3 (3)    
Issuance of common stock pursuant to vesting of restricted stock units (in shares)   300,068      
Unrealized comprehensive gain (loss) on investments (93)     (93)  
Stock-based compensation 10,331   10,331    
Net income (loss) (61,334)       (61,334)
Ending Balance at Mar. 31, 2025 412,138 $ 1,068 1,690,547 (27) (1,279,450)
Ending Balance (in shares) at Mar. 31, 2025   106,753,886      
Beginning Balance at Dec. 31, 2024 463,234 $ 1,065 1,680,219 66 (1,218,116)
Beginning Balance (in shares) at Dec. 31, 2024   106,453,818      
Net income (loss) (130,253)        
Ending Balance at Jun. 30, 2025 354,211 $ 1,079 1,701,608 (107) (1,348,369)
Ending Balance (in shares) at Jun. 30, 2025   107,884,420      
Beginning Balance at Mar. 31, 2025 412,138 $ 1,068 1,690,547 (27) (1,279,450)
Beginning Balance (in shares) at Mar. 31, 2025   106,753,886      
Issuance of common stock pursuant to exercise of stock options   $ 9 (9)    
Issuance of common stock pursuant to exercise of stock options (in shares)   952,313      
Issuance of common stock pursuant to vesting of restricted stock units   $ 2 (2)    
Issuance of common stock pursuant to vesting of restricted stock units (in shares)   178,221      
Unrealized comprehensive gain (loss) on investments (80)     (80)  
Stock-based compensation 10,857   10,857    
Return of related party short-swing profits 215   215    
Net income (loss) (68,919)       (68,919)
Ending Balance at Jun. 30, 2025 354,211 $ 1,079 1,701,608 (107) (1,348,369)
Ending Balance (in shares) at Jun. 30, 2025   107,884,420      
Beginning Balance at Dec. 31, 2025 277,221 $ 1,083 1,717,408 (31) (1,441,239)
Beginning Balance (in shares) at Dec. 31, 2025   108,319,783      
Issuance of common stock pursuant to vesting of restricted stock units   $ 8 (8)    
Issuance of common stock pursuant to vesting of restricted stock units (in shares)   803,888      
Unrealized comprehensive gain (loss) on investments (81)     (81)  
Stock-based compensation 8,493   8,493    
Net income (loss) (47,594)       (47,594)
Ending Balance at Mar. 31, 2026 238,039 $ 1,091 1,725,893 (112) (1,488,833)
Ending Balance (in shares) at Mar. 31, 2026   109,123,671      
Beginning Balance at Dec. 31, 2025 277,221 $ 1,083 1,717,408 (31) (1,441,239)
Beginning Balance (in shares) at Dec. 31, 2025   108,319,783      
Net income (loss) 75,620        
Ending Balance at Jun. 30, 2026 368,830 $ 1,095 1,733,460 (106) (1,365,619)
Ending Balance (in shares) at Jun. 30, 2026   109,539,424      
Beginning Balance at Mar. 31, 2026 238,039 $ 1,091 1,725,893 (112) (1,488,833)
Beginning Balance (in shares) at Mar. 31, 2026   109,123,671      
Issuance of common stock pursuant to exercise of stock options 152 $ 1 151    
Issuance of common stock pursuant to exercise of stock options (in shares)   95,537      
Issuance of common stock pursuant to vesting of restricted stock units   $ 3 (3)    
Issuance of common stock pursuant to vesting of restricted stock units (in shares)   320,216      
Unrealized comprehensive gain (loss) on investments 6     6  
Stock-based compensation 7,419   7,419    
Net income (loss) 123,214       123,214
Ending Balance at Jun. 30, 2026 $ 368,830 $ 1,095 $ 1,733,460 $ (106) $ (1,365,619)
Ending Balance (in shares) at Jun. 30, 2026   109,539,424