v3.26.3
Condensed Consolidated Statements of Stockholders’ Equity - USD ($)
$ in Millions
Total
Common Stock
Additional paid-in capital
Retained earnings (accumulated deficit)
Accumulated other comprehensive income (loss)
Beginning balance (in shares) at Dec. 31, 2024   225,440,496      
Beginning balance at Dec. 31, 2024 $ 604 $ 0 $ 414 $ 196 $ (6)
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net income (loss) (43)     (43)  
Shares issued in connection with vesting of restricted stock units (in shares)   732,422      
Shares withheld to cover employee taxes on vested restricted stock units (in shares)   (224,187)      
Shares withheld to cover employee taxes on vested performance and restricted stock units (2)   (2)    
Shares issued in connection with warrant exercises, net (in shares)   248,893      
Stock option exercises (in shares)   1,542,583      
Stock option exercises 6   6    
Stock-based compensation 5   5    
Ending balance (in shares) at Mar. 31, 2025   227,740,207      
Ending balance at Mar. 31, 2025 570 $ 0 423 153 (6)
Beginning balance (in shares) at Dec. 31, 2024   225,440,496      
Beginning balance at Dec. 31, 2024 604 $ 0 414 196 (6)
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net income (loss) (190)        
Ending balance (in shares) at Sep. 30, 2025   228,229,561      
Ending balance at Sep. 30, 2025 434 $ 0 434 6 (6)
Beginning balance (in shares) at Mar. 31, 2025   227,740,207      
Beginning balance at Mar. 31, 2025 570 $ 0 423 153 (6)
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net income (loss) (70)     (70)  
Shares issued in connection with vesting of restricted stock units (in shares)   424,649      
Shares withheld to cover employee taxes on vested restricted stock units (in shares)   (50,258)      
Stock option exercises (in shares)   19,950      
Stock-based compensation 6   6    
Ending balance (in shares) at Jun. 30, 2025   228,134,548      
Ending balance at Jun. 30, 2025 506 $ 0 429 83 (6)
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net income (loss) (77)     (77)  
Shares issued in connection with vesting of restricted stock units (in shares)   109,043      
Shares withheld to cover employee taxes on vested restricted stock units (in shares)   (33,980)      
Stock option exercises (in shares)   19,950      
Stock-based compensation 5   5    
Ending balance (in shares) at Sep. 30, 2025   228,229,561      
Ending balance at Sep. 30, 2025 $ 434 $ 0 434 6 (6)
Beginning balance (in shares) at Dec. 31, 2025 229,010,827 229,010,827      
Beginning balance at Dec. 31, 2025 $ 491 $ 0 437 59 (5)
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net income (loss) (272)     (272)  
Shares issued in connection with vesting of restricted stock units (in shares)   1,124,982      
Shares withheld to cover employee taxes on vested restricted stock units (in shares)   (403,685)      
Shares withheld to cover employee taxes on vested performance and restricted stock units (2)   (2)    
Stock-based compensation 5   5    
Ending balance (in shares) at Mar. 31, 2026   229,732,124      
Ending balance at Mar. 31, 2026 $ 222 $ 0 440 (213) (5)
Beginning balance (in shares) at Dec. 31, 2025 229,010,827 229,010,827      
Beginning balance at Dec. 31, 2025 $ 491 $ 0 437 59 (5)
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net income (loss) $ (466)        
Stock option exercises (in shares) 0        
Ending balance (in shares) at Sep. 30, 2026 230,344,050 230,344,050      
Ending balance at Sep. 30, 2026 $ 37 $ 0 449 (407) (5)
Beginning balance (in shares) at Mar. 31, 2026   229,732,124      
Beginning balance at Mar. 31, 2026 222 $ 0 440 (213) (5)
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net income (loss) (90)     (90)  
Shares issued in connection with vesting of restricted stock units (in shares)   521,733      
Shares withheld to cover employee taxes on vested restricted stock units (in shares)   (55,337)      
Stock-based compensation 4   4    
Ending balance (in shares) at Jun. 30, 2026   230,198,520      
Ending balance at Jun. 30, 2026 136 $ 0 444 (303) (5)
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net income (loss) (104)     (104)  
Shares issued in connection with vesting of restricted stock units (in shares)   205,828      
Shares withheld to cover employee taxes on vested restricted stock units (in shares)   (60,298)      
Shares withheld to cover employee taxes on vested performance and restricted stock units (1)   (1)    
Stock-based compensation $ 6   6    
Ending balance (in shares) at Sep. 30, 2026 230,344,050 230,344,050      
Ending balance at Sep. 30, 2026 $ 37 $ 0 $ 449 $ (407) $ (5)