v3.26.3
Condensed Consolidated Statements of Stockholders’ Equity (unaudited) - USD ($)
$ in Thousands
Total
Common Stock (Class A, B and Exchangeable)
Additional paid-in-capital
Accumulated Deficit
Accumulated other comprehensive income (loss)
Beginning balance (in shares) at Dec. 31, 2024   396,802,394      
Beginning balance at Dec. 31, 2024 $ 1,034,782 $ 4 $ 2,473,698 $ (1,431,283) $ (7,637)
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net loss (536,637)     (536,637)  
Other comprehensive income (loss) 41,730       41,730
Stock option exercises and other (in shares)   11,645,465      
Stock option exercises and other 3,813   3,772 41  
Stock-based compensation 87,460   87,460    
Issuance of common stock, net of issuance costs (in shares)   79,497,667      
Issuance of common stock, net of issuance costs 395,485 $ 1 395,484    
Class A shares issued for asset acquisition (in shares)   3,854,975      
Class A shares issued for asset acquisition 20,315   20,315    
Ending balance (in shares) at Sep. 30, 2025   491,800,501      
Ending balance at Sep. 30, 2025 1,046,948 $ 5 2,980,729 (1,967,879) 34,093
Beginning balance (in shares) at Jun. 30, 2025   432,830,642      
Beginning balance at Jun. 30, 2025 919,146 $ 4 2,681,111 (1,805,589) 43,620
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net loss (162,253)     (162,253)  
Other comprehensive income (loss) (9,527)       (9,527)
Stock option exercises and other (in shares)   2,871,306      
Stock option exercises and other (438)   (401) (37)  
Stock-based compensation 25,244   25,244    
Issuance of common stock, net of issuance costs (in shares)   52,243,578      
Issuance of common stock, net of issuance costs 254,461 $ 1 254,460    
Class A shares issued for asset acquisition (in shares)   3,854,975      
Class A shares issued for asset acquisition 20,315   20,315    
Ending balance (in shares) at Sep. 30, 2025   491,800,501      
Ending balance at Sep. 30, 2025 $ 1,046,948 $ 5 2,980,729 (1,967,879) 34,093
Beginning balance (in shares) at Dec. 31, 2025 528,182,693 528,182,693      
Beginning balance at Dec. 31, 2025 $ 1,130,865 $ 5 3,170,145 (2,076,002) 36,717
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net loss (367,545)     (367,545)  
Other comprehensive income (loss) (7,087)       (7,087)
Stock option exercises and other (in shares)   9,355,482      
Stock option exercises and other (678)   (678)    
Stock-based compensation 64,741   64,741    
Issuance of common stock, net of issuance costs (in shares)   23,696,330      
Issuance of common stock, net of issuance costs $ 85,516 $ 1 85,515    
Ending balance (in shares) at Sep. 30, 2026 561,067,055 561,234,505      
Ending balance at Sep. 30, 2026 $ 905,812 $ 6 3,319,723 (2,443,547) 29,630
Beginning balance (in shares) at Jun. 30, 2026   534,287,685      
Beginning balance at Jun. 30, 2026 915,003 $ 5 3,211,515 (2,324,511) 27,994
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net loss (119,036)        
Other comprehensive income (loss) 1,636       1,636
Stock option exercises and other (in shares)   3,250,490      
Stock option exercises and other (335)   (335)    
Stock-based compensation 23,028   23,028    
Issuance of common stock, net of issuance costs (in shares)   23,696,330      
Issuance of common stock, net of issuance costs $ 85,516 $ 1 85,515    
Ending balance (in shares) at Sep. 30, 2026 561,067,055 561,234,505      
Ending balance at Sep. 30, 2026 $ 905,812 $ 6 $ 3,319,723 $ (2,443,547) $ 29,630