v3.26.3
Condensed Consolidated Statements of Stockholders’ Equity (Deficit) - USD ($)
$ in Thousands
Total
2030 Convertible Notes
Common Stock
Common Stock
2030 Convertible Notes
Additional Paid-In Capital
Additional Paid-In Capital
2030 Convertible Notes
Accumulated Other Comprehensive Income (Loss)
Retained Earnings (Accumulated Deficit)
Beginning Balance (in shares) at Dec. 31, 2024     92,234,517          
Beginning Balance at Dec. 31, 2024 $ (202,955)   $ 2   $ 57,282   $ (1,497) $ (258,742)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Issuance of common stock under equity incentive plan, net of taxes withheld (in shares)     1,484,481          
Issuance of common stock under equity incentive plan, net of taxes withheld (18,058)       (18,058)      
Issuance of common stock under employee stock purchase plan, net of taxes withheld (in shares)     103,805          
Issuance of common stock under employee stock purchase plan, net of taxes withheld 2,660       2,660      
Repurchase and retirement of common stock including related costs (in shares)     (2,356,547)          
Repurchase and retirement of common stock including related costs (82,416)       (82,416)      
Stock-based compensation 61,940       61,940      
Purchases of capped calls related to 2030 Convertible Notes, net of tax (64,945)       (20,688)     (44,257)
Other comprehensive income (loss) 554           554  
Net income (loss) attributable to common stockholders 233,602             233,602
Ending Balance (in shares) at Sep. 30, 2025     91,466,256          
Ending Balance at Sep. 30, 2025 (69,618)   $ 2   720   (943) (69,397)
Beginning Balance (in shares) at Jun. 30, 2025     91,114,675          
Beginning Balance at Jun. 30, 2025 (175,217)   $ 2   8,883   (591) (183,511)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Issuance of common stock under equity incentive plan, net of taxes withheld (in shares)     452,584          
Issuance of common stock under equity incentive plan, net of taxes withheld (5,217)       (5,217)      
Repurchase and retirement of common stock including related costs (in shares)     (101,003)          
Repurchase and retirement of common stock including related costs (2,810)       (2,810)      
Stock-based compensation 20,552       20,552      
Purchases of capped calls related to 2030 Convertible Notes, net of tax (64,945)       (20,688)     (44,257)
Other comprehensive income (loss) (352)           (352)  
Net income (loss) attributable to common stockholders 158,371             158,371
Ending Balance (in shares) at Sep. 30, 2025     91,466,256          
Ending Balance at Sep. 30, 2025 $ (69,618)   $ 2   720   (943) (69,397)
Beginning Balance (in shares) at Dec. 31, 2025 91,947,614   91,947,614          
Beginning Balance at Dec. 31, 2025 $ (28,690)   $ 2   16,005   (960) (43,737)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Issuance of common stock under equity incentive plan, net of taxes withheld (in shares)     1,394,281          
Issuance of common stock under equity incentive plan, net of taxes withheld (58,740)       (58,740)      
Issuance of common stock under employee stock purchase plan, net of taxes withheld (in shares)     86,869          
Issuance of common stock under employee stock purchase plan, net of taxes withheld 2,494       2,494      
Issuance of common stock in connection with follow-on public offering, net of underwriter discounts and issuance costs (in shares)     11,948,052          
Issuance of common stock in connection with follow-on public offering, net of underwriter discounts and issuance costs 887,888       887,888      
Issuance of common stock in connection with induced conversion of 2030 Convertible Notes, net of transaction costs and tax (in shares)       12,543,915        
Issuance of common stock in connection with induced conversion of 2030 Convertible Notes, net of transaction costs and tax   $ 515,696       $ 515,696    
Stock-based compensation 90,246       90,246      
Other comprehensive income (loss) (1,037)           (1,037)  
Net income (loss) attributable to common stockholders $ 8,599             8,599
Ending Balance (in shares) at Sep. 30, 2026 117,920,731   117,920,731          
Ending Balance at Sep. 30, 2026 $ 1,416,456   $ 2   1,453,589   (1,997) (35,138)
Beginning Balance (in shares) at Jun. 30, 2026     105,002,427          
Beginning Balance at Jun. 30, 2026 930,731   $ 2   925,014   (1,756) 7,471
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Issuance of common stock under equity incentive plan, net of taxes withheld (in shares)     374,389          
Issuance of common stock under equity incentive plan, net of taxes withheld (21,405)       (21,405)      
Issuance of common stock in connection with induced conversion of 2030 Convertible Notes, net of transaction costs and tax (in shares)       12,543,915        
Issuance of common stock in connection with induced conversion of 2030 Convertible Notes, net of transaction costs and tax   $ 515,696       $ 515,696    
Stock-based compensation 34,284       34,284      
Other comprehensive income (loss) (241)           (241)  
Net income (loss) attributable to common stockholders $ (42,609)             (42,609)
Ending Balance (in shares) at Sep. 30, 2026 117,920,731   117,920,731          
Ending Balance at Sep. 30, 2026 $ 1,416,456   $ 2   $ 1,453,589   $ (1,997) $ (35,138)