v3.26.3
CONDENSED CONSOLIDATED STATEMENTS OF EQUITY - USD ($)
$ in Thousands
Total
Shares
Additional Paid-in Capital
Retained Earnings (Accumulated Deficit)
Accumulated Other Comprehensive Income (Loss)
Beginning balance (in shares) at Dec. 31, 2024   158,947,000      
Beginning balance at Dec. 31, 2024 $ 4,651,386 $ 1 $ 4,236,172 $ 411,244 $ 3,969
Employee related equity activity          
Amortization of share-based compensation 23,087   23,087    
Issuance of share-based compensation (in shares)   635,000      
Shares withheld for taxes on equity transactions (9,713)   (9,713)    
Warrants exercised (in shares)   1,000      
Warrants exercised $ 41   41    
Share repurchases (in shares) (700,000) (737,000)      
Share repurchases $ (20,000)     (20,000)  
Dividends (241,242)     (241,242)  
Net income (loss) 130,080     130,080  
Other comprehensive income (loss), net 475       475
Ending balance (in shares) at Sep. 30, 2025   158,846,000      
Ending balance at Sep. 30, 2025 4,534,114 $ 1 4,249,587 280,082 4,444
Beginning balance (in shares) at Jun. 30, 2025   158,823,000      
Beginning balance at Jun. 30, 2025 4,628,327 $ 1 4,242,337 381,474 4,515
Employee related equity activity          
Amortization of share-based compensation 7,513   7,513    
Issuance of share-based compensation (in shares)   23,000      
Shares withheld for taxes on equity transactions (266)   (266)    
Warrants exercised $ 3   3    
Share repurchases (in shares) 0        
Dividends $ (80,297)     (80,297)  
Net income (loss) (21,095)     (21,095)  
Other comprehensive income (loss), net (71)       (71)
Ending balance (in shares) at Sep. 30, 2025   158,846,000      
Ending balance at Sep. 30, 2025 $ 4,534,114 $ 1 4,249,587 280,082 4,444
Beginning balance (in shares) at Dec. 31, 2025 158,853,799 158,854,000      
Beginning balance at Dec. 31, 2025 $ 4,548,850 $ 1 4,257,059 286,630 5,160
Employee related equity activity          
Amortization of share-based compensation 22,721   22,721    
Issuance of share-based compensation (in shares)   523,000      
Shares withheld for taxes on equity transactions (9,918)   (9,918)    
Warrants exercised (in shares)   285,000      
Warrants exercised $ 3,267   3,267    
Share repurchases (in shares) 0        
Dividends $ (244,047)     (244,047)  
Net income (loss) (32,983)     (32,983)  
Other comprehensive income (loss), net $ 339       339
Ending balance (in shares) at Sep. 30, 2026 159,661,505 159,662,000      
Ending balance at Sep. 30, 2026 $ 4,288,229 $ 1 4,273,129 9,600 5,499
Beginning balance (in shares) at Jun. 30, 2026   159,641,000      
Beginning balance at Jun. 30, 2026 4,483,942 $ 1 4,270,647 207,830 5,464
Employee related equity activity          
Amortization of share-based compensation 2,466   2,466    
Issuance of share-based compensation (in shares)   9,000      
Shares withheld for taxes on equity transactions (198)   (198)    
Warrants exercised (in shares)   12,000      
Warrants exercised $ 214   214    
Share repurchases (in shares) 0        
Dividends $ (81,206)     (81,206)  
Net income (loss) (117,024)     (117,024)  
Other comprehensive income (loss), net $ 35       35
Ending balance (in shares) at Sep. 30, 2026 159,661,505 159,662,000      
Ending balance at Sep. 30, 2026 $ 4,288,229 $ 1 $ 4,273,129 $ 9,600 $ 5,499