v3.26.1
Condensed Consolidated Statements of Shareholders' Deficit (Unaudited) - USD ($)
$ in Thousands
Common Stock [Member]
At the Market Equity Offering Program [Member]
Common Stock [Member]
Additional Paid-in Capital [Member]
At the Market Equity Offering Program [Member]
Additional Paid-in Capital [Member]
Retained Earnings [Member]
At the Market Equity Offering Program [Member]
Retained Earnings [Member]
At the Market Equity Offering Program [Member]
Total
Balance (in shares) at Dec. 31, 2024   58,044,465            
Balance at Dec. 31, 2024   $ 580   $ 727,156   $ (910,345)   $ (182,609)
Issuance of common stock upon exercise of stock options (in shares)   19,436            
Issuance of common stock upon exercise of stock options   $ 0   63   0   63
Stock-based compensation expense   0   2,453   0   2,453
Net income (loss)   $ 0   0   (33,460)   (33,460)
Balance (in shares) at Mar. 31, 2025   58,063,901            
Balance at Mar. 31, 2025   $ 580   729,672   (943,805)   (213,553)
Balance (in shares) at Dec. 31, 2024   58,044,465            
Balance at Dec. 31, 2024   $ 580   727,156   (910,345)   (182,609)
Net income (loss)               (58,884)
Balance (in shares) at Jun. 30, 2025   60,022,332            
Balance at Jun. 30, 2025   $ 599   739,945   (969,229)   (228,685)
Balance (in shares) at Mar. 31, 2025   58,063,901            
Balance at Mar. 31, 2025   $ 580   729,672   (943,805)   (213,553)
Issuance of common stock upon exercise of stock options (in shares)   7,266            
Issuance of common stock upon exercise of stock options   $ 0   25   0   25
Stock-based compensation expense   0   2,065   0   2,065
Net income (loss)   $ 0   0   (25,424)   (25,424)
Issuance of common stock - at-the-market equity offering facility, net (in shares) 1,411,845              
Issuance of common stock - at-the-market equity offering facility, net $ 13   $ 6,274   $ 0   $ 6,287  
Issuance of common stock - 2026 Notes equitization (in shares)   539,320            
Issuance of common stock - 2026 Notes equitization   $ 6   1,909   0   1,915
Balance (in shares) at Jun. 30, 2025   60,022,332            
Balance at Jun. 30, 2025   $ 599   739,945   (969,229)   (228,685)
Balance (in shares) at Dec. 31, 2025   71,670,791            
Balance at Dec. 31, 2025   $ 716   791,748   (913,695)   (121,231)
Issuance of common stock upon exercise of stock options (in shares)   1,039,990            
Issuance of common stock upon exercise of stock options   $ 10   8,198   0   8,208
Repurchases of common stock (in shares)   (354,471)            
Repurchases of common stock   $ (3)   (4,149)   0   (4,152)
Net share settlement of equity awards (in shares)   (357,678)            
Net share settlement of equity awards   $ (3)   (4,105)   0   (4,108)
Stock-based compensation expense   0   1,889   0   1,889
Net income (loss)   $ 0   0   56,060   56,060
Balance (in shares) at Mar. 31, 2026   71,998,632            
Balance at Mar. 31, 2026   $ 720   793,581   (857,635)   (63,334)
Balance (in shares) at Dec. 31, 2025   71,670,791            
Balance at Dec. 31, 2025   $ 716   791,748   (913,695)   $ (121,231)
Issuance of common stock upon exercise of stock options (in shares)               1,618,058
Net income (loss)               $ 69,292
Balance (in shares) at Jun. 30, 2026   72,087,984            
Balance at Jun. 30, 2026   $ 721   792,333   (844,403)   (51,349)
Balance (in shares) at Mar. 31, 2026   71,998,632            
Balance at Mar. 31, 2026   $ 720   793,581   (857,635)   (63,334)
Issuance of common stock upon exercise of stock options (in shares)   578,068            
Issuance of common stock upon exercise of stock options   $ 6   2,852   0   2,858
Repurchases of common stock (in shares)   (488,716)            
Repurchases of common stock   $ (5)   (5,721)   0   (5,726)
Stock-based compensation expense   0   1,621   0   1,621
Net income (loss)   $ 0   0   13,232   13,232
Balance (in shares) at Jun. 30, 2026   72,087,984            
Balance at Jun. 30, 2026   $ 721   $ 792,333   $ (844,403)   $ (51,349)