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CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (DEFICIT) - USD ($)
shares in Thousands, $ in Thousands
Total
Common Stock
Class A
Common Stock
Class B Convertible
Additional Paid-in Capital
Treasury Stock
Accumulated Other Comprehensive Loss
Accumulated Deficit
Beginning Balance at Dec. 31, 2022 $ (383,120) $ 18 $ 2 $ 1,841,120 $ (782,104) $ (13,801) $ (1,428,355)
Beginning Balance (in shares) at Dec. 31, 2022   104,532 19,640   (8,684)    
Net Income (Loss) 461,193 $ 0 $ 0 0 $ 0 0 461,193
Other comprehensive income (loss) 738 0 0 0 0 738 0
Issuance of class A common stock upon exercise of stock options 6,750 $ 0 $ 0 6,750 $ 0 0 0
Issuance of class A common stock upon exercise of stock options (in shares)   445 0   0    
Issuance of class A common stock under employee stock purchase plan 2,380 $ 0 $ 0 2,380 $ 0 0 0
Issuance of class A common stock under employee stock purchase plan, (in shares)   127 0   0    
Issuance of class A common stock upon vesting of restricted stock units, net of withholding taxes (514) $ 0 $ 0 (514) $ 0 0 0
Issuance of class A common stock upon vesting of restricted stock units, net of withholding taxes, (in shares)   38 0   0    
Issuance of class A common stock under public offerings, net of issuance costs 338,962 $ 2 $ 0 338,960 $ 0 0 0
Issuance of class A common stock under public offerings, net of issuance costs, (in shares)   13,489 0   0    
Share-based compensation expense 16,822 $ 0 $ 0 16,822 $ 0 0 0
Ending Balance at Mar. 31, 2023 443,211 $ 20 $ 2 2,205,518 $ (782,104) (13,063) (967,162)
Ending Balance (in shares) at Mar. 31, 2023   118,631 19,640   (8,684)    
Beginning Balance at Dec. 31, 2022 (383,120) $ 18 $ 2 1,841,120 $ (782,104) (13,801) (1,428,355)
Beginning Balance (in shares) at Dec. 31, 2022   104,532 19,640   (8,684)    
Net Income (Loss) 339,995            
Other comprehensive income (loss) (1,554)            
Ending Balance at Sep. 30, 2023 840,395 $ 21 $ 2 2,726,191 $ (782,104) (15,355) (1,088,360)
Ending Balance (in shares) at Sep. 30, 2023   134,114 19,640   (8,684)    
Beginning Balance at Mar. 31, 2023 443,211 $ 20 $ 2 2,205,518 $ (782,104) (13,063) (967,162)
Beginning Balance (in shares) at Mar. 31, 2023   118,631 19,640   (8,684)    
Net Income (Loss) 22,243 $ 0 $ 0 0 $ 0 0 22,243
Other comprehensive income (loss) (87) 0 0 0 0 (87) 0
Issuance of class A common stock upon exercise of stock options 5,354 $ 0 $ 0 5,354 $ 0 0 0
Issuance of class A common stock upon exercise of stock options (in shares)   388 0   0    
Issuance of class A common stock upon vesting of restricted stock units, net of withholding taxes (242) $ 0 $ 0 (242) $ 0 0 0
Issuance of class A common stock upon vesting of restricted stock units, net of withholding taxes, (in shares)   62 0   0    
Issuance of class A common stock under public offerings, net of issuance costs 333,494 $ 1 $ 0 333,493 $ 0 0 0
Issuance of class A common stock under public offerings, net of issuance costs, (in shares)   10,792 0   0    
Share-based compensation expense 15,145 $ 0 $ 0 15,145 $ 0 0 0
Ending Balance at Jun. 30, 2023 819,118 $ 21 $ 2 2,559,268 $ (782,104) (13,150) (944,919)
Ending Balance (in shares) at Jun. 30, 2023   129,873 19,640   (8,684)    
Net Income (Loss) (143,441) $ 0 $ 0 0 $ 0 0 (143,441)
Other comprehensive income (loss) (2,205) 0 0 0 0 (2,205) 0
Issuance of class A common stock upon exercise of stock options 2,113 $ 0 $ 0 2,113 0 0 0
Issuance of class A common stock upon exercise of stock options (in shares)   95 0        
Issuance of class A common stock under employee stock purchase plan 1,575 $ 0 $ 0 1,575 $ 0 0 0
Issuance of class A common stock under employee stock purchase plan, (in shares)   72 0   0    
Issuance of class A common stock upon vesting of restricted stock units, net of withholding taxes (747) $ 0 $ 0 (747) $ 0 0 0
Issuance of class A common stock upon vesting of restricted stock units, net of withholding taxes, (in shares)   40 0        
Issuance of class A common stock under public offerings, net of issuance costs 147,218 $ 0 $ 0 147,218 $ 0 0 0
Issuance of class A common stock under public offerings, net of issuance costs, (in shares)   4,034 0   0    
Share-based compensation expense 16,764 $ 0 $ 0 16,764 $ 0 0 0
Ending Balance at Sep. 30, 2023 840,395 $ 21 $ 2 2,726,191 $ (782,104) (15,355) (1,088,360)
Ending Balance (in shares) at Sep. 30, 2023   134,114 19,640   (8,684)    
Net Income (Loss) 89,126 $ 0 $ 0 0 $ 0 0 89,126
Other comprehensive income (loss) 3,911 0 0 0 0 3,911 0
Issuance of class A common stock upon exercise of stock options 16,302 $ 1 $ 0 16,301 $ 0 0 0
Issuance of class A common stock upon exercise of stock options (in shares)   826 0   0    
Issuance of class A common stock upon vesting of restricted stock units, net of withholding taxes (2,841) $ 0 $ 0 (2,841) $ 0 0 0
Issuance of class A common stock upon vesting of restricted stock units, net of withholding taxes, (in shares)   120 0   0    
Issuance of class A common stock under public offerings, net of issuance costs 1,200,415 $ 2 $ 0 1,200,413 $ 0 0 0
Issuance of class A common stock under public offerings, net of issuance costs, (in shares)   22,665 0   0    
Share-based compensation expense 17,664 $ 0 $ 0 17,664 $ 0 0 0
Ending Balance at Dec. 31, 2023 2,164,972 $ 24 $ 2 3,957,728 $ (782,104) (11,444) (999,234)
Ending Balance (in shares) at Dec. 31, 2023   157,725 19,640   (8,684)    
Net Income (Loss) (53,118) $ 0 $ 0 0 $ 0 0 (53,118)
Other comprehensive income (loss) (1,725) 0 0 0 0 (1,725) 0
Issuance of class A common stock upon exercise of stock options 136,088 $ 0 $ 0 136,088 0 0 0
Issuance of class A common stock upon exercise of stock options (in shares)   5,731 0        
Issuance of class A common stock under employee stock purchase plan 2,071 $ 0 $ 0 2,071 $ 0 0 0
Issuance of class A common stock under employee stock purchase plan, (in shares)   69 0   0    
Issuance of class A common stock upon vesting of restricted stock units, net of withholding taxes (1,273) $ 0 $ 0 (1,273) $ 0 0 0
Issuance of class A common stock upon vesting of restricted stock units, net of withholding taxes, (in shares)   39 0   0    
Issuance of class A common stock under public offerings, net of issuance costs 137,152 $ 0 $ 0 137,152 $ 0 0 0
Issuance of class A common stock under public offerings, net of issuance costs, (in shares)   1,952 0   0    
Share-based compensation expense 15,938 $ 0 $ 0 15,938 $ 0 0 0
Ending Balance at Mar. 31, 2024 2,400,105 $ 24 $ 2 4,247,704 $ (782,104) (13,169) (1,052,352)
Ending Balance (in shares) at Mar. 31, 2024   165,516 19,640   (8,684)    
Beginning Balance at Dec. 31, 2023 2,164,972 $ 24 $ 2 3,957,728 $ (782,104) (11,444) (999,234)
Beginning Balance (in shares) at Dec. 31, 2023   157,725 19,640   (8,684)    
Net Income (Loss) (495,851)            
Other comprehensive income (loss) 1,864            
Ending Balance at Sep. 30, 2024 3,773,649 $ 192 $ 20 6,060,206 $ (782,104) (9,580) (1,495,085)
Ending Balance (in shares) at Sep. 30, 2024   191,684 19,640   (8,684)    
Beginning Balance at Mar. 31, 2024 2,400,105 $ 24 $ 2 4,247,704 $ (782,104) (13,169) (1,052,352)
Beginning Balance (in shares) at Mar. 31, 2024   165,516 19,640   (8,684)    
Net Income (Loss) (102,559) $ 0 $ 0 0 $ 0 0 (102,559)
Other comprehensive income (loss) (381) 0 0 0 0 (381) 0
Issuance of class A common stock upon exercise of stock options 17,261 $ 0 $ 0 17,261 $ 0 0 0
Issuance of class A common stock upon exercise of stock options (in shares)   1,215 0   0    
Issuance of class A common stock upon vesting of restricted stock units, net of withholding taxes (932) $ 0 $ 0 (932) $ 0 0 0
Issuance of class A common stock upon vesting of restricted stock units, net of withholding taxes, (in shares)   311 0   0    
Issuance of class A common stock upon conversions of convertible senior notes 500,815 $ 2 $ 0 500,813 $ 0 0 0
Issuance of class A common stock upon conversions of convertible senior notes (in shares)   12,672 0   0    
Share-based compensation expense 20,490 $ 0 $ 0 20,490 $ 0 0 0
Ending Balance at Jun. 30, 2024 2,834,799 $ 26 $ 2 4,785,336 $ (782,104) (13,550) (1,154,911)
Ending Balance (in shares) at Jun. 30, 2024   179,714 19,640   (8,684)    
Net Income (Loss) (340,174) $ 0 $ 0 0 $ 0 0 (340,174)
Other comprehensive income (loss) 3,970 0 0 0 0 3,970 0
Par value adjustment for class A and B common stock issued upon stock split 0 $ 157 $ 18 (175) $ 0 0 0
Par value adjustment for class A and B common stock issued upon stock split (in shares)   0 0   0    
Issuance of class A common stock upon exercise of stock options 4,192 $ 1 $ 0 4,191 $ 0 0 0
Issuance of class A common stock upon exercise of stock options (in shares)   193 0   0    
Issuance of class A common stock under employee stock purchase plan 2,233 $ 0 $ 0 2,233 $ 0 0 0
Issuance of class A common stock under employee stock purchase plan, (in shares)   25 0   0    
Issuance of class A common stock upon vesting of restricted stock units, net of withholding taxes (1) $ 0 $ 0 (1) $ 0 0 0
Issuance of class A common stock upon vesting of restricted stock units, net of withholding taxes, (in shares)   53 0   0    
Issuance of class A common stock under public offerings, net of issuance costs 1,105,141 $ 8 $ 0 1,105,133 $ 0 0 0
Issuance of class A common stock under public offerings, net of issuance costs, (in shares)   8,048 0   0    
Issuance of class A common stock upon conversions of convertible senior notes 144,349 $ 0 $ 0 144,349 $ 0 0 0
Issuance of class A common stock upon conversions of convertible senior notes (in shares)   3,651 0   0    
Share-based compensation expense 19,140 $ 0 $ 0 19,140 $ 0 0 0
Ending Balance at Sep. 30, 2024 $ 3,773,649 $ 192 $ 20 $ 6,060,206 $ (782,104) $ (9,580) $ (1,495,085)
Ending Balance (in shares) at Sep. 30, 2024   191,684 19,640   (8,684)