v3.26.3
Net Loss Per Share
 9 Months Ended
Sep. 30, 2026
Earnings Per Share [Abstract]  
Net Loss Per Share Net Loss Per Share
The numerators and denominators of the basic and diluted net loss per share are computed as follows (in thousands, except per share, unit and per unit data):
Three Months Ended September 30,Nine Months Ended September 30,
Basic and diluted net loss per share2026202520262025
Numerator:
Net loss$(91,854)$2,521 $(174,366)$(288,084)
Less: net income attributable to 2029 Convertible Notes— (16,355)— — 
Net loss for diluted net loss per share(91,854)(13,834)(174,366)(288,084)
Denominator:
Basic480,324,180 396,589,354 477,522,574 331,973,873 
Weighted-average dilutive effect of equity awards— 16,498,930 — — 
Dilutive effect of 2029 Convertible Notes— 35,069,965 — — 
Diluted480,324,180 448,158,249 477,522,574 331,973,873 
Basic net (loss) income per share$(0.19)$0.01 $(0.37)$(0.87)
Diluted net loss per share$(0.19)$(0.03)$(0.37)$(0.87)
The following securities were not included in the computation of diluted shares outstanding because the effect would be anti-dilutive:
Three Months Ended September 30,Nine Months Ended September 30,
2026202520262025
Stock options1,204,666 1,142,558 1,178,509 2,143,037 
Private warrants73,333 74,166 73,333 74,166 
Public warrants12,252,439 12,251,606 12,252,439 12,251,606 
2025 RDO warrants3,770,000 3,770,000 3,770,000 3,770,000 
2026 Convertible notes1,664,732 1,664,939 1,664,732 1,664,939 
2029 Convertible notes— — — 35,069,965 
PSUs— 1,081,969 — 1,453,251 
RSUs12,721,898 12,797,531 14,520,768 12,295,444 
ESPP726,988 644,900 593,186 546,889 
Total
32,414,056 33,427,669 34,052,967 69,269,297 
Although certain convertible notes were converted during the nine months ended September 30, 2026 and September 30, 2025, application of the if-converted method would have been anti-dilutive due to the Company’s net loss for the period; accordingly, such instruments were excluded from diluted earnings per share.