v3.26.1
REDEEMABLE PREFERRED STOCK (Tables)
 6 Months Ended
Jun. 30, 2026
Equity [Abstract]  
Schedule of Issuances, Reclassifications and Redemptions for Each Class of Preferred Stock in Permanent Equity
The table below provides information regarding the issuances, reclassifications and redemptions of each class of the Company’s preferred stock (“Preferred Stock”) in permanent equity during the three and six months ended June 30, 2026 and 2025 (dollar amounts in thousands):
Preferred Stock
Preferred Stock
Series A1Series ASeries DTotal
SharesAmountSharesAmountSharesAmountSharesAmount
Balances, December 31, 20248,372,689 $207,387 4,125,363 $103,326 48,447 $1,190 12,546,499 $311,903 
Redemption of Series A1 Preferred Stock paid in Common Stock(194,216)(4,813)— — — — (194,216)(4,813)
Redemption of Series A Preferred Stock paid in Common Stock— — (104,471)(2,606)— — (104,471)(2,606)
Balances, March 31, 20258,178,473 $202,574 4,020,892 $100,720 48,447 $1,190 12,247,812 $304,484 
Reclassification of Series A1 Preferred Stock to Permanent Equity364,714 9,491 — — — — 364,714 9,491 
Balances, June 30, 20258,543,187 $212,065 4,020,892 $100,720 48,447 $1,190 12,612,526 $313,975 
Balances, December 31, 20258,749,542 $217,451 3,669,018 $91,906 44,325 $1,089 12,462,885 $310,446 
Redemption of Series A1 Preferred Stock paid in Common Stock(7,734,130)(191,566)— — — — (7,734,130)(191,566)
Redemption of Series D Preferred Stock paid in Common Stock— — — — (21,760)(536)(21,760)(536)
Redemption of Series A Preferred Stock paid in Common Stock— — (1,957,823)(49,094)— — (1,957,823)(49,094)
Balances, March 31, 20261,015,412 $25,885 1,711,195 $42,812 22,565 $553 2,749,172 $69,250 
Redemption of Series A1 Preferred Stock paid in Common Stock(22,035)(563)— — — — (22,035)(563)
Redemption of Series A Preferred Stock paid in Common Stock— — (39,266)(984)— — (39,266)(984)
Balances, June 30, 2026993,377 $25,322 1,671,929 $41,828 22,565 $553 2,687,871 $67,703