Pay vs Performance Disclosure - USD ($)
May 31, 2026
May 31, 2025
May 31, 2024
May 31, 2023
Value
of Initial | ||||||||||||||||||||||||||||||||
Summary | Compen-sation | Average | Average | Total | Peer
group total Share-holder Return (4) | Net Income (Loss) (thousands) (5) | Adjusted EBITDA (thousands) | |||||||||||||||||||||||||
| 2026 | $ | 189,217,520 | $ | 458,787,192 | $ | 47,716,821 | $ | 90,328,659 | $ | 979 | $ | 461 | $ | (250,263 | ) | $ | 107,229 | |||||||||||||||
| 2025 | $ | 27,708,092 | $ | 29,648,593 | $ | 9,866,986 | $ | 9,028,329 | $ | 141 | $ | 128 | $ | (233,680 | ) | $ | 19,628 | |||||||||||||||
| 2024 | $ | 1,237,002 | $ | (2,864,834 | ) | $ | 1,385,106 | $ | 98,090 | $ | 88 | $ | 126 | $ | (149,274 | ) | $ | 21,922 | ||||||||||||||
| 2023 | $ | 5,954,578 | $ | 19,471,246 | $ | 1,928,843 | $ | 5,883,078 | $ | 173 | $ | 82 | $ | (44,646 | ) | $ | 1,175 | |||||||||||||||
| (1) | Amounts reported in this column represent (i) the total compensation reported in the Summary Compensation Table for the applicable year in the case of Wes Cummins and (ii) the average of the total compensation reported in the Summary Compensation Table for the applicable year for the Company’s Non-PEO NEOs. |
| PEO | 2023 | 2024 | 2025 | 2026 | ||||||||||||
| Summary Compensation Table - Total Compensation (a) | $ | 5,954,578 | $ | 1,237,002 | $ | 27,708,092 | $ | 189,217,520 | ||||||||
| Minus | ||||||||||||||||
| Grant Date Fair Value of Stock Awards and Option Awards Granted in Fiscal Year (b) | $ | 5,455,000 | $ | $ | 25,462,000 | $ | 185,900,249 | |||||||||
| Plus | ||||||||||||||||
| Fair Value at Fiscal Year End of Outstanding and Unvested Stock Awards and Option Awards Granted in Fiscal Year (c) | $ | 20,227,503 | $ | $ | 25,954,000 | $ | 283,680,000 | |||||||||
| Plus | ||||||||||||||||
| Change in Fair Value of Outstanding and Unvested Stock Awards and Option Awards Granted in Prior Fiscal Years (d) | $ | $ | (2,691,000 | ) | $ | 736,668 | $ | 141,575,000 | ||||||||
| Plus | ||||||||||||||||
| Fair Value at Vesting of Stock Awards and Option Awards Granted in Fiscal Year That Vested During Fiscal Year (e) | $ | 274,166 | $ | $ | $ | 18,425,249 | ||||||||||
| Plus | ||||||||||||||||
| Change in Fair Value as of Vesting Date of Stock Awards and Option Awards Granted in Prior Fiscal Years For Which Applicable Vesting Conditions Were Satisfied During Fiscal Year (f) | $ | (1,530,000 | ) | $ | (1,410,836 | ) | $ | 711,832 | $ | 11,789,672 | ||||||
| Minus | ||||||||||||||||
| Fair Value as of Prior Fiscal Year End of Stock Awards and Option Awards Granted in Prior Fiscal Years That Failed to Meet Applicable Vesting Conditions During Fiscal Year (g) | $ | $ | $ | $ | ||||||||||||
| Compensation Actually Paid | $ | 19,471,246 | $ | (2,864,834 | ) | $ | 29,648,593 | $ | 458,787,192 | |||||||
| (a) | Represents Total Compensation as reported in the Summary Compensation Table for the indicated fiscal year. | |
| (b) | Represents the aggregate grant date fair value of the stock awards and option awards granted to Wes Cummins during the indicated fiscal year, computed in accordance with FASB ASC 718. Amounts shown are the amounts reported in the Summary Compensation Table. | |
| (c) | Represents the aggregate fair value as of the indicated fiscal year-end of Wes Cummins outstanding and unvested stock awards and option awards granted during such fiscal year, computed in accordance with FASB ASC 718. | |
| (d) | Represents the aggregate change in fair value during the indicated fiscal year of the outstanding and unvested stock awards and option awards held by Wes Cummins as of the last day of the indicated fiscal year, computed in accordance with FASB ASC 718. | |
| (e) | Represents the aggregate fair value at vesting of the stock and option awards that were granted to Wes Cummins and vested during the indicated fiscal year, computed in accordance with FASB ASC 718. | |
| (f) | Represents the aggregate change in fair value, measured from the prior fiscal year-end to the vesting date, of each stock award and option award held by Wes Cummins that was granted in a prior fiscal year and which vested during the indicated fiscal year, computed in accordance with FASB ASC 718. | |
| (g) | Represents the aggregate fair value as of the last day of the prior fiscal year of Wes Cummins’s stock awards and option awards that were granted in a prior fiscal year and which failed to meet the applicable vesting conditions in the indicated fiscal year, computed in accordance with FASB ASC 718. |
| NEO Average | 2023 | 2024 | 2025 | 2026 | ||||||||||||
| Summary Compensation Table - Total Compensation (a) | $ | 1,928,843 | $ | 1,385,106 | $ | 9,866,982 | $ | 47,716,821 | ||||||||
| Minus | ||||||||||||||||
| Grant Date Fair Value of Stock Awards and Option Awards Granted in Fiscal Year (b) | $ | 1,299,790 | $ | 514,000 | $ | 9,233,350 | $ | 46,601,192 | ||||||||
| Plus | ||||||||||||||||
| Fair Value at Fiscal Year End of Outstanding and Unvested Stock Awards and Option Awards Granted in Fiscal Year (c) | $ | 5,440,483 | $ | 423,000 | $ | 8,002,486 | $ | 33,096,000 | ||||||||
| Plus | ||||||||||||||||
| Change in Fair Value of Outstanding and Unvested Stock Awards and Option Awards Granted in Prior Fiscal Years (d) | $ | $ | (798,674 | ) | 86,668 | $ | 42,877,000 | |||||||||
| Plus | ||||||||||||||||
| Fair Value at Vesting of Stock Awards and Option Awards Granted in Fiscal Year That Vested During Fiscal Year (e) | $ | 68,541 | $ | $ | 200,898 | 10,391,192 | ||||||||||
| Plus | ||||||||||||||||
| Change in Fair Value as of Vesting Date of Stock Awards and Option Awards Granted in Prior Fiscal Years For Which Applicable Vesting Conditions Were Satisfied During Fiscal Year (f) | $ | (254,999 | ) | $ | (397,341 | ) | $ | 104,645 | $ | 2,848,838 | ||||||
| Minus | ||||||||||||||||
| Fair Value as of Prior Fiscal Year End of Stock Awards and Option Awards Granted in Prior Fiscal Years That Failed to Meet Applicable Vesting Conditions During Fiscal Year (g) | ||||||||||||||||
| Compensation Actually Paid | $ | 5,883,078 | $ | 98,090 | $ | 9,028,329 | $ | 90,328,659 | ||||||||
| (a) | Represents the average Total Compensation as reported in the Summary Compensation Table for the reported Non-PEO NEOs in the indicated fiscal year. | |
| (b) | Represents the average aggregate grant date fair value of the stock awards and option awards granted to the reported Non-PEO NEOs during the indicated fiscal year computed in accordance with FASB ASC 718. Amounts shown are the amounts reported in the Summary Compensation Table. | |
| (c) | Represents the average aggregate fair value as of the indicated fiscal year-end of the Non-PEO NEOs outstanding and unvested stock awards and option awards granted during such fiscal year, computed in accordance with FASB ASC 718. | |
| (d) | Represents the average aggregate change in fair value during the indicated fiscal year of the outstanding and unvested stock awards and option awards held by the Non-PEO NEOs as of the last day of the indicated fiscal year, computed in accordance with FASB ASC 718. | |
| (e) | Represents the average aggregate fair value at vesting of the stock awards and option awards that were granted to the Non-PEO NEOs and vested during the indicated fiscal year, computed in accordance with FASB ASC 718. | |
| (f) | Represents the average aggregate change in fair value, measured from the prior fiscal year-end to the vesting date, of each stock award and option award held by the Non-PEO NEOs that was granted in a prior fiscal year and which vested during the indicated fiscal year, computed in accordance with FASB ASC 718. | |
| (g) | Represents the average aggregate fair value as of the last day of the prior fiscal year of the Non-PEO NEOs stock awards and option awards that were granted in a prior fiscal year and which failed to meet the applicable vesting conditions in the indicated fiscal year computed in accordance with FASB ASC 718. |
| [1] | Amounts reported in this column represent (i) the total compensation reported in the Summary Compensation Table for the applicable year in the case of Wes Cummins and (ii) the average of the total compensation reported in the Summary Compensation Table for the applicable year for the Company’s Non-PEO NEOs. |
| [2] | Represents Total Compensation as reported in the Summary Compensation Table for the indicated fiscal year. |
| [3] | Amounts reported in this column represent the CAP to Wes Cummins as the Company’s PEO in the indicated fiscal years, as calculated per the SEC disclosure rules based on his total compensation reported in the Summary Compensation Table for the indicated fiscal years and adjusted as shown in the table below: |
| [4] | Amounts reported in this column represent the average CAP to the Company’s Non-PEO NEOs in the indicated fiscal years, as calculated per the SEC disclosure rules based on his total compensation reported in the Summary Compensation Table for the indicated fiscal years and adjusted as shown in the table below: |
| [5] | Cumulative total stockholder return (“TSR”) is calculated by dividing the sum of the cumulative amount of dividends for the measurement period, assuming dividend reinvestment, and the difference between the Company’s share price at the end and the beginning of the measurement period by the Company’s share price at the beginning of the measurement period. No dividends were paid on stock or option awards in fiscal 2026, 2025, 2024 or 2023. |
| [6] | The dollar amounts reported represent the amount of net loss reflected in our consolidated audited financial statements for the applicable year. |
| [7] | Represents the average Total Compensation as reported in the Summary Compensation Table for the reported Non-PEO NEOs in the indicated fiscal year. |
| [8] | Represents the aggregate grant date fair value of the stock awards and option awards granted to Wes Cummins during the indicated fiscal year, computed in accordance with FASB ASC 718. Amounts shown are the amounts reported in the Summary Compensation Table. |
| [9] | Represents the average aggregate grant date fair value of the stock awards and option awards granted to the reported Non-PEO NEOs during the indicated fiscal year computed in accordance with FASB ASC 718. Amounts shown are the amounts reported in the Summary Compensation Table. |
| [10] | Represents the aggregate fair value as of the indicated fiscal year-end of Wes Cummins outstanding and unvested stock awards and option awards granted during such fiscal year, computed in accordance with FASB ASC 718. |
| [11] | Represents the average aggregate fair value as of the indicated fiscal year-end of the Non-PEO NEOs outstanding and unvested stock awards and option awards granted during such fiscal year, computed in accordance with FASB ASC 718. |
| [12] | Represents the aggregate change in fair value during the indicated fiscal year of the outstanding and unvested stock awards and option awards held by Wes Cummins as of the last day of the indicated fiscal year, computed in accordance with FASB ASC 718. |
| [13] | Represents the average aggregate change in fair value during the indicated fiscal year of the outstanding and unvested stock awards and option awards held by the Non-PEO NEOs as of the last day of the indicated fiscal year, computed in accordance with FASB ASC 718. |
| [14] | Represents the aggregate fair value at vesting of the stock and option awards that were granted to Wes Cummins and vested during the indicated fiscal year, computed in accordance with FASB ASC 718. |
| [15] | Represents the average aggregate fair value at vesting of the stock awards and option awards that were granted to the Non-PEO NEOs and vested during the indicated fiscal year, computed in accordance with FASB ASC 718. |
| [16] | Represents the aggregate change in fair value, measured from the prior fiscal year-end to the vesting date, of each stock award and option award held by Wes Cummins that was granted in a prior fiscal year and which vested during the indicated fiscal year, computed in accordance with FASB ASC 718. |
| [17] | Represents the average aggregate change in fair value, measured from the prior fiscal year-end to the vesting date, of each stock award and option award held by the Non-PEO NEOs that was granted in a prior fiscal year and which vested during the indicated fiscal year, computed in accordance with FASB ASC 718. |
| [18] | Represents the aggregate fair value as of the last day of the prior fiscal year of Wes Cummins’s stock awards and option awards that were granted in a prior fiscal year and which failed to meet the applicable vesting conditions in the indicated fiscal year, computed in accordance with FASB ASC 718. |
| [19] | Represents the average aggregate fair value as of the last day of the prior fiscal year of the Non-PEO NEOs stock awards and option awards that were granted in a prior fiscal year and which failed to meet the applicable vesting conditions in the indicated fiscal year computed in accordance with FASB ASC 718. |