v3.26.1
INCOME (LOSS) PER SHARE (Tables)
 6 Months Ended
Jun. 30, 2026
Earnings Per Share [Abstract]  
Schedule of Loss Per Share, Basic and Diluted
The following table illustrates the reconciliation of the basic and diluted loss per share computations:
Three Months Ended
June 30,		Six Months Ended
June 30,
2026202520262025
Basic and diluted income (loss) per share:
Numerator:
Net income (loss) $2,867,291 $(75,175,622)$679,081 $(92,408,146)
Cumulative dividends on preferred stock
— — — 4,667,803 
Net income (loss) attributable to common stockholders
$2,867,291 $(75,175,622)$679,081 $(97,075,949)
Denominator:
Weighted average common stock outstanding, basic1
128,508,173128,333,356128,499,93186,938,585
Effect of dilutive securities:
    Dilutive effect of stock options131,419 — 121,783 — 
Dilutive effect of early exercised options646,132 — 646,132 — 
Weighted average common stock outstanding, diluted
129,285,724 128,333,356 129,267,846 86,938,585 
Per share:
Net income (loss) per share attributable to common stockholders, basic
$0.02 $(0.59)$0.01 $(1.12)
Net income (loss) per share attributable to common stockholders, diluted
$0.02 $(0.59)$0.01 $(1.12)
1 Includes 39.2 million and 39.2 million shares of Class A common stock and 89.3 million and 89.1 million shares of Class B common stock, for the three months ended June 30, 2026 and 2025, respectively. Includes 39.2 million and39.2 million shares of Class A common stock and 89.3 million and 89.2 million shares of Class B common stock, for the six months ended June 30, 2026 and 2025, respectively.
Schedule of Antidilutive Securities Excluded from Computation of Loss Per Share
The following outstanding potentially dilutive shares were excluded from the computation of diluted net income (loss) per share attributable to common stock for the periods presented because the impact of including them would have been anti-dilutive:
Three Months Ended
June 30,		Six Months Ended
June 30,
2026202520262025
Warrants1,933,333 1,933,333 1,933,333 1,933,333 
Stock options3,161,383 4,095,133 3,171,019 4,095,133 
Unvested early exercised options— 530,108 — 530,108 
Total5,094,716 6,558,574 5,104,352 6,558,574