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CONSOLIDATED STATEMENTS OF REDEEMABLE PREFERRED STOCK, REDEEMABLE COMMON STOCK AND STOCKHOLDERS’ EQUITY - USD ($)
$ in Thousands
Total
Common Stock
Additional Paid-in Capital
Accumulated Other Comprehensive Income (Loss)
Accumulated Deficit
Redeemable Preferred Stock
Series L Redeemable Preferred Stock
Series N redeemable preferred stock
Series O redeemable preferred stock
Series I redeemable preferred stock
Series I redeemable preferred stock
Common Stock
Series I redeemable preferred stock
Additional Paid-in Capital
Series J redeemable preferred stock
Series J redeemable preferred stock
Common Stock
Series J redeemable preferred stock
Additional Paid-in Capital
Redeemable Common Stock
Beginning balance (in shares) at Dec. 31, 2022           395,000                   0
Beginning balance at Dec. 31, 2022           $ 380,970                   $ 0
Increase (Decrease) in Temporary Equity [Roll Forward]                                
Issuance of redeemable preferred stock, net of issuance cost (in shares) 115,000                              
Issuance of redeemable preferred stock, net of issuance cost $ 93,950                              
Reclassification of common stock to redeemable common stock (in shares)                               1,500,000
Reclassification of common stock to redeemable common stock                               $ 23,751
Ending balance (in shares) at Dec. 31, 2023           510,000                   1,500,000
Ending balance at Dec. 31, 2023           $ 474,920                   $ 23,751
Beginning balance (in shares) at Dec. 31, 2022   303,815,383                            
Beginning balance at Dec. 31, 2022 526,465 $ 304 $ 2,235,449 $ 197,782 $ (1,907,070)                      
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                
Net (loss) income 405,201       405,201                      
Other comprehensive loss, net of tax (41,885)     (41,885)                        
Issuance of Class A common stock upon settlement of liability-classified awards (in shares)   24,885                            
Issuance of Class A common stock upon settlement of liability-classified awards 841   841                          
Issuance of Class A common stock upon exercise of stock options (in shares)   163,473                            
Issuance of Class A common stock upon exercise of stock options 504   504                          
Issuance of redeemable preferred stock and accretion of redeemable preferred stock to redemption value 20,969   20,969                          
Issuance of restricted stock (in shares)   6,590                            
Reclassification of common stock to redeemable common stock (in shares)   (1,500,000)                            
Reclassification of common stock to redeemable common stock (23,751) $ (2) (23,749)                          
Repurchase and retirement of Class A common stock   (32,285)                            
Repurchase and retirement of Class A common stock (1,091)   (1,091)                          
Stock-based compensation 2,968   2,968                          
Ending balance (in shares) at Dec. 31, 2023   302,478,046                            
Ending balance at Dec. 31, 2023 890,221 $ 302 2,235,891 155,897 (1,501,869)                      
Increase (Decrease) in Temporary Equity [Roll Forward]                                
Reclassification of redeemable common stock to common stock (in shares)                               (303,880)
Reclassification of redeemable common stock to common stock                               $ (7,365)
Reclassification of common stock to redeemable common stock (in shares)                               276,845
Reclassification of common stock to redeemable common stock                               $ 5,872
Ending balance (in shares) at Dec. 31, 2024           510,000 115,000     30,000     32,892     1,472,965
Ending balance at Dec. 31, 2024           $ 474,920                   $ 22,258
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                
Net (loss) income (2,800)       (2,800)                      
Other comprehensive loss, net of tax (26,467)     (26,467)                        
Issuance of Class A common stock upon exercise of stock options and warrants (in shares)   446,325                            
Issuance of Class A common stock upon exercise of stock options and warrants 1,123 $ 1 1,122                          
Reclassification of common stock to redeemable common stock (in shares)   (276,845)                            
Reclassification of common stock to redeemable common stock (5,872)   (5,872)                          
Stock-based compensation 6,811   6,811                          
Reclassification of liability-classified awards to equity-classified awards 10,183   10,183                          
Reclassification of redeemable common stock to common stock (in shares)   303,880                            
Reclassification of redeemable common stock to common stock 7,365   7,365                          
Ending balance (in shares) at Dec. 31, 2024   302,951,406                            
Ending balance at Dec. 31, 2024 880,564 $ 303 2,255,500 129,430 (1,504,669)                      
Increase (Decrease) in Temporary Equity [Roll Forward]                                
Issuance of redeemable preferred stock, net of issuance cost (in shares)               50,000 254,893              
Issuance of redeemable preferred stock, net of issuance cost               $ 49,949 $ 253,916              
Reclassification of redeemable common stock to common stock (in shares)                               (1,543,825)
Reclassification of redeemable common stock to common stock                               $ (23,301)
Reclassification of common stock to redeemable common stock (in shares)                               70,860
Reclassification of common stock to redeemable common stock                               $ 1,043
Reclassification of embedded derivative from liability-classified to equity-classified                 $ (188)              
Conversion of Series I redeemable preferred stock to Class A common stock (in shares)                   (20,000)            
Conversion of Series I redeemable preferred stock to Class A common stock                   $ (20,570)            
Ending balance (in shares) at Dec. 31, 2025           794,893 115,000 50,000 254,893 10,000     0     0
Ending balance at Dec. 31, 2025           $ 758,027                   $ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                
Net (loss) income (1,905,934)       (1,905,934)                      
Other comprehensive loss, net of tax $ (58,083)     (58,083)                        
Issuance of Class A common stock upon exercise of stock options (in shares) 244,086                              
Issuance of common stock in connection with initial public offering, net of underwriting discounts and commissions and offering costs (in shares)   34,042,553                            
Issuance of common stock in connection with initial public offering, net of underwriting discounts and commissions and offering costs $ 737,668 $ 34 737,634                          
Issuance of Class A common stock upon exercise of stock options and warrants (in shares)   520,419                            
Issuance of Class A common stock upon exercise of stock options and warrants 159 $ 1 158                          
Issuance of redeemable preferred stock and accretion of redeemable preferred stock to redemption value (8,757)   (8,757)                          
Reclassification of common stock to redeemable common stock (in shares)   (70,860)                            
Reclassification of common stock to redeemable common stock (1,043)   (1,043)                          
Repurchase and retirement of Class A common stock   (25,915)                            
Repurchase and retirement of Class A common stock (1,005)   (1,005)                          
Reclassification of embedded derivative from liability-classified to equity-classified 16,714   16,714                          
Conversion of redeemable preferred stock to Class A common stock (in shares)                     1,386,615     2,044,729    
Conversion of redeemable preferred stock to Class A common stock                   $ 32,586 $ 1 $ 32,585 $ 48,051 $ 2 $ 48,049  
Stock-based compensation 1,479,336   1,479,336                          
Issuance of common stock for contract incentive (in shares)   337,444                            
Issuance of common stock for contract incentive $ 7,930   7,930                          
Issuance of common stock upon settlement of restricted stock units, net of tax withholdings on settlement (in shares) 3,340,425 3,340,425                            
Issuance of common stock upon settlement of restricted stock units, net of tax withholdings on settlement $ (86,264) $ 3 (86,267)                          
Reclassification of liability-classified awards to equity-classified awards 18,365   18,365                          
Reclassification of redeemable common stock to common stock (in shares)   1,543,825                            
Reclassification of redeemable common stock to common stock 23,301 $ 2 23,299                          
Ending balance (in shares) at Dec. 31, 2025   346,070,641                            
Ending balance at Dec. 31, 2025 $ 1,183,588 $ 346 $ 4,522,498 $ 71,347 $ (3,410,603)