v3.26.3
CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN REDEEMABLE PREFERRED STOCK AND STOCKHOLDERS’ EQUITY - USD ($)
$ in Thousands
Total
Series A Convertible Preferred Stock
Preferred Stock, Undesignated
Common Stock
Additional Paid-in Capital
Retained Earnings
Accumulated Other Comprehensive Income (Loss)
Treasury Stock, Common
Beginning balance (in shares) at Dec. 31, 2024   0 0 163,195,788        
Beginning balance at Dec. 31, 2024 $ 1,054,880   $ 0 $ 18 $ 961,434 $ 320,302 $ 173 $ 227,047
Beginning balance at Dec. 31, 2024   $ 0            
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Stock-based compensation (in shares)       552,870        
Stock-based compensation 21,205       21,205      
Shares used to settle payroll tax withholding (in shares)       (227,832)        
Shares used to settle payroll tax withholding (5,524)       (5,524)      
Common stock issued upon public offering, net of issuance costs 724,209     $ 1 724,208      
Common stock issued (in shares)       13,590,908        
Common stock issued for services 4,038       4,038      
Common stock issued for services (in shares)       55,920        
Common stock issued for intangible asset acquired in prior period 0       0      
Common stock issued for intangible asset acquired in prior period (in share)       43,573        
Issuance of warrant, net of issuance costs 261,176       261,176      
Net loss (95,300)         (95,300)    
Other comprehensive income (loss), net of tax 125           125  
Ending balance (in shares) at Sep. 30, 2025   400,000 0 177,211,227        
Ending balance at Sep. 30, 2025   $ 413,611            
Ending balance at Sep. 30, 2025 1,964,809   $ 0 $ 19 1,966,537 225,002 298 227,047
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Issuance of Series A preferred stock, net of issuance costs   $ 413,611            
Issuance of Series A preferred stock (in shares)   400,000            
Beginning balance (in shares) at Jun. 30, 2025   0 0 163,465,706        
Beginning balance at Jun. 30, 2025 1,010,550   $ 0 $ 18 970,823 266,782 (26) 227,047
Beginning balance at Jun. 30, 2025   $ 0            
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Stock-based compensation (in shares)       88,753        
Stock-based compensation 7,939       7,939      
Shares used to settle payroll tax withholding (in shares)       (33,633)        
Shares used to settle payroll tax withholding (1,647)       (1,647)      
Common stock issued upon public offering, net of issuance costs 724,209     $ 1 724,208      
Common stock issued (in shares)       13,590,908        
Common stock issued for services 4,038       4,038      
Common stock issued for services (in shares)       55,920        
Common stock issued for intangible asset acquired in prior period 0       0      
Common stock issued for intangible asset acquired in prior period (in share)       43,573        
Issuance of warrant, net of issuance costs 261,176       261,176      
Net loss (41,780)         (41,780)    
Other comprehensive income (loss), net of tax 324           324  
Ending balance (in shares) at Sep. 30, 2025   400,000 0 177,211,227        
Ending balance at Sep. 30, 2025   $ 413,611            
Ending balance at Sep. 30, 2025 1,964,809   $ 0 $ 19 1,966,537 225,002 298 227,047
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Issuance of Series A preferred stock, net of issuance costs   $ 413,611            
Issuance of Series A preferred stock (in shares)   400,000            
Beginning balance (in shares) at Dec. 31, 2025   400,000 0 177,357,647        
Beginning balance at Dec. 31, 2025 1,978,757   $ 0 $ 19 1,970,970 234,428 387 227,047
Beginning balance at Dec. 31, 2025 413,611 $ 413,611            
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Stock-based compensation (in shares)       736,416        
Stock-based compensation 37,756       37,756      
Shares used to settle payroll tax withholding (in shares)       (318,028)        
Shares used to settle payroll tax withholding (20,086)       (20,086)      
Common stock issued for services 3,828       3,828      
Common stock issued for services (in shares)       77,640        
Common stock issued for intangible asset acquired in prior period 0       0      
Common stock issued for intangible asset acquired in prior period (in share)       43,573        
Shares issued upon conversion of 2026 Notes (in shares)       337,741        
Shares issued upon conversion of 2026 Notes 0              
Net loss (48,974)         (48,974)    
Other comprehensive income (loss), net of tax (1,182)           (1,182)  
Ending balance (in shares) at Sep. 30, 2026   400,000 0 178,234,989        
Ending balance at Sep. 30, 2026 413,611 $ 413,611            
Ending balance at Sep. 30, 2026 1,950,099   $ 0 $ 19 1,992,468 185,454 (795) 227,047
Beginning balance (in shares) at Jun. 30, 2026   400,000 0 178,051,276        
Beginning balance at Jun. 30, 2026 1,957,336   $ 0 $ 19 1,978,458 206,164 (258) 227,047
Beginning balance at Jun. 30, 2026   $ 413,611            
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Stock-based compensation (in shares)       96,651        
Stock-based compensation 12,022       12,022      
Shares used to settle payroll tax withholding (in shares)       (34,151)        
Shares used to settle payroll tax withholding (1,840)       (1,840)      
Common stock issued for services 3,828       3,828      
Common stock issued for services (in shares)       77,640        
Common stock issued for intangible asset acquired in prior period 0       0      
Common stock issued for intangible asset acquired in prior period (in share)       43,573        
Net loss (20,710)         (20,710)    
Other comprehensive income (loss), net of tax (537)           (537)  
Ending balance (in shares) at Sep. 30, 2026   400,000 0 178,234,989        
Ending balance at Sep. 30, 2026 413,611 $ 413,611            
Ending balance at Sep. 30, 2026 $ 1,950,099   $ 0 $ 19 $ 1,992,468 $ 185,454 $ (795) $ 227,047