CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY - USD ($)
$ in Thousands |
Total |
Restricted Stock Unit Awards |
At The Market Offerings |
Earnout Shares [Member] |
Class A Common Stock |
Common Stock [Member]
At The Market Offerings
|
Common Stock [Member]
Earnout Shares [Member]
|
Common Stock [Member]
Class A Common Stock
|
Additional Paid-in Capital [Member] |
Additional Paid-in Capital [Member]
At The Market Offerings
|
Additional Paid-in Capital [Member]
Earnout Shares [Member]
|
Retained Earnings [Member] |
AOCI Attributable to Parent [Member] |
| Beginning balance, common stock (in shares) at Dec. 31, 2024 |
|
|
|
|
|
|
|
188,114,000
|
|
|
|
|
|
| Beginning balance, common stock at Dec. 31, 2024 |
$ 348,013
|
|
|
|
|
|
|
$ 22
|
$ 732,784
|
|
|
$ (384,786)
|
$ (7)
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Issuance of common stock under employee stock option and stock award plans (in shares) |
|
|
|
|
|
|
|
3,649,000
|
|
|
|
|
|
| Issuance of common stock under employee stock option and stock award plans |
3,979
|
|
|
|
|
|
|
|
3,979
|
|
|
|
|
| Stock-based compensation expense related to employee and non-employee stock awards |
7,003
|
|
|
|
|
|
|
|
7,003
|
|
|
|
|
| Adjustments to Additional Paid in Capital, Stock Issued, Issuance Costs |
(346)
|
|
|
|
|
|
|
|
(346)
|
|
|
|
|
| Net loss |
(16,829)
|
|
|
|
|
|
|
|
|
|
|
(16,829)
|
|
| Ending balance, common stock (in shares) at Mar. 31, 2025 |
|
|
|
|
|
|
|
191,763,000
|
|
|
|
|
|
| Ending balance, common stock at Mar. 31, 2025 |
341,820
|
|
|
|
|
|
|
$ 22
|
743,420
|
|
|
(401,615)
|
(7)
|
| Beginning balance, common stock (in shares) at Dec. 31, 2024 |
|
|
|
|
|
|
|
188,114,000
|
|
|
|
|
|
| Beginning balance, common stock at Dec. 31, 2024 |
348,013
|
|
|
|
|
|
|
$ 22
|
732,784
|
|
|
(384,786)
|
(7)
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net loss |
(85,138)
|
|
|
|
|
|
|
|
|
|
|
|
|
| Ending balance, common stock (in shares) at Sep. 30, 2025 |
|
|
|
|
|
|
|
214,939,000
|
|
|
|
|
|
| Ending balance, common stock at Sep. 30, 2025 |
370,985
|
|
|
|
|
|
|
$ 24
|
840,892
|
|
|
(469,924)
|
(7)
|
| Beginning balance, common stock (in shares) at Mar. 31, 2025 |
|
|
|
|
|
|
|
191,763,000
|
|
|
|
|
|
| Beginning balance, common stock at Mar. 31, 2025 |
341,820
|
|
|
|
|
|
|
$ 22
|
743,420
|
|
|
(401,615)
|
(7)
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Issuance of common stock under employee stock option and stock award plans (in shares) |
|
|
|
|
|
|
|
1,540,000
|
|
|
|
|
|
| Issuance of common stock under employee stock option and stock award plans |
889
|
|
|
|
|
|
|
|
889
|
|
|
|
|
| Stock-based compensation expense related to employee and non-employee stock awards |
100,000
|
|
|
|
|
|
|
|
99,998
|
|
|
|
|
| Adjustments to Additional Paid in Capital, Stock Issued, Issuance Costs |
(2,904)
|
|
|
|
|
|
|
|
(2,904)
|
|
|
|
|
| Shares issued in connection with buyout agreement/ public offering (in shares) |
|
|
|
|
|
19,781,000
|
|
|
|
|
|
|
|
| Shares issued in connection with buyout agreement/ public offering |
(1,853)
|
|
|
|
|
$ 2
|
|
|
(1,853)
|
|
|
|
|
| Net loss |
(49,075)
|
|
|
|
|
|
|
|
|
|
|
(49,075)
|
|
| Ending balance, common stock (in shares) at Jun. 30, 2025 |
|
|
|
|
|
|
|
213,084,000
|
|
|
|
|
|
| Ending balance, common stock at Jun. 30, 2025 |
388,877
|
|
|
|
|
|
|
$ 24
|
839,550
|
|
|
(450,690)
|
(7)
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Issuance of common stock under employee stock option and stock award plans (in shares) |
|
|
|
|
|
|
|
1,855,000
|
|
|
|
|
|
| Issuance of common stock under employee stock option and stock award plans |
816
|
|
|
|
|
|
|
|
816
|
|
|
|
|
| Stock-based compensation expense related to employee and non-employee stock awards |
526
|
|
|
|
|
|
|
|
526
|
|
|
|
|
| Net loss |
(19,234)
|
|
|
|
|
|
|
|
|
|
|
(19,234)
|
|
| Ending balance, common stock (in shares) at Sep. 30, 2025 |
|
|
|
|
|
|
|
214,939,000
|
|
|
|
|
|
| Ending balance, common stock at Sep. 30, 2025 |
370,985
|
|
|
|
|
|
|
$ 24
|
840,892
|
|
|
(469,924)
|
(7)
|
| Beginning balance, common stock (in shares) at Dec. 31, 2025 |
|
|
|
|
230,525,464
|
|
|
230,525,000
|
|
|
|
|
|
| Beginning balance, common stock at Dec. 31, 2025 |
443,661
|
|
|
|
|
|
|
$ 26
|
945,381
|
|
|
(501,739)
|
(7)
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Issuance of common stock under employee stock option and stock award plans (in shares) |
|
|
|
|
|
|
|
1,480,000
|
|
|
|
|
|
| Issuance of common stock under employee stock option and stock award plans |
803
|
|
|
|
|
|
|
|
803
|
|
|
|
|
| Stock-based compensation expense related to employee and non-employee stock awards |
9,370
|
|
|
|
|
|
|
|
9,370
|
|
|
|
|
| Net loss |
(33,785)
|
|
|
|
|
|
|
|
|
|
|
(33,785)
|
|
| Ending balance, common stock (in shares) at Mar. 31, 2026 |
|
|
|
|
|
|
|
232,005,000
|
|
|
|
|
|
| Ending balance, common stock at Mar. 31, 2026 |
420,049
|
|
|
|
|
|
|
$ 26
|
955,554
|
|
|
(535,524)
|
(7)
|
| Beginning balance, common stock (in shares) at Dec. 31, 2025 |
|
|
|
|
230,525,464
|
|
|
230,525,000
|
|
|
|
|
|
| Beginning balance, common stock at Dec. 31, 2025 |
443,661
|
|
|
|
|
|
|
$ 26
|
945,381
|
|
|
(501,739)
|
(7)
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net loss |
(299,111)
|
|
|
|
|
|
|
|
|
|
|
|
|
| Ending balance, common stock (in shares) at Sep. 30, 2026 |
|
|
|
|
262,162,970
|
|
|
262,163,000
|
|
|
|
|
|
| Ending balance, common stock at Sep. 30, 2026 |
771,624
|
|
|
|
|
|
|
$ 26
|
1,572,455
|
|
|
(800,850)
|
(7)
|
| Beginning balance, common stock (in shares) at Mar. 31, 2026 |
|
|
|
|
|
|
|
232,005,000
|
|
|
|
|
|
| Beginning balance, common stock at Mar. 31, 2026 |
420,049
|
|
|
|
|
|
|
$ 26
|
955,554
|
|
|
(535,524)
|
(7)
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Issuance of common stock under employee stock option and stock award plans (in shares) |
|
|
|
|
|
|
|
1,953,000
|
|
|
|
|
|
| Issuance of common stock under employee stock option and stock award plans |
1
|
|
|
|
|
|
|
|
1
|
|
|
|
|
| Stock-based compensation expense related to employee and non-employee stock awards |
(7,566)
|
|
|
|
|
|
|
|
(7,566)
|
|
|
|
|
| Shares issued in connection with buyout agreement/ public offering (in shares) |
|
|
|
|
|
17,397,000
|
|
|
|
|
|
|
|
| Shares issued in connection with buyout agreement/ public offering |
6,553
|
|
$ 380,731
|
|
|
$ 2
|
$ 2
|
|
6,553
|
$ 380,729
|
|
|
|
| Stock Issued During Period, Shares, Other |
|
|
|
(229,862,000)
|
|
|
(9,726,000)
|
|
|
|
(229,864,000)
|
|
|
| Net loss |
(228,218)
|
|
|
|
|
|
|
|
|
|
|
(228,218)
|
|
| Ending balance, common stock (in shares) at Jun. 30, 2026 |
|
|
|
|
|
|
|
261,081,000
|
|
|
|
|
|
| Ending balance, common stock at Jun. 30, 2026 |
801,412
|
|
|
|
|
|
|
$ 26
|
1,565,135
|
|
|
(763,742)
|
(7)
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Issuance of common stock under employee stock option and stock award plans (in shares) |
|
|
|
|
|
|
|
1,082,000
|
|
|
|
|
|
| Issuance of common stock under employee stock option and stock award plans |
608
|
|
|
|
|
|
|
|
608
|
|
|
|
|
| Stock-based compensation expense related to employee and non-employee stock awards |
(63)
|
|
|
|
|
|
|
|
(63)
|
|
|
|
|
| Shares issued in connection with buyout agreement/ public offering |
6,775
|
|
|
|
|
|
|
|
6,775
|
|
|
|
|
| Net loss |
(37,108)
|
|
|
|
|
|
|
|
|
|
|
(37,108)
|
|
| Ending balance, common stock (in shares) at Sep. 30, 2026 |
|
|
|
|
262,162,970
|
|
|
262,163,000
|
|
|
|
|
|
| Ending balance, common stock at Sep. 30, 2026 |
$ 771,624
|
|
|
|
|
|
|
$ 26
|
$ 1,572,455
|
|
|
$ (800,850)
|
$ (7)
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Unrecognized compensation expense |
|
$ 49,500
|
|
|
|
|
|
|
|
|
|
|
|