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Condensed Consolidated Statements of Changes in Stockholders' Equity (unaudited) - USD ($)
$ in Thousands
Total
IPO
IPO
Convertible preferred stock
Total MIH Stockholders’ Equity
Total MIH Stockholders’ Equity
IPO
Total MIH Stockholders’ Equity
IPO
Convertible preferred stock
Convertible Preferred Stock
Convertible Preferred Stock
IPO
Convertible preferred stock
Common Stock - Voting and Nonvoting
Common Stock - Voting and Nonvoting
IPO
Common Stock - Voting and Nonvoting
IPO
Convertible preferred stock
Treasury Stock
Additional Paid-in Capital
Additional Paid-in Capital
IPO
Accumulated Deficit
Accumulated other comprehensive income, net
Non-controlling interests
Adoption of ASU 2020-06
Adoption of ASU 2020-06
Total MIH Stockholders’ Equity
Adoption of ASU 2020-06
Additional Paid-in Capital
Adoption of ASU 2020-06
Accumulated Deficit
Beginning balance (in shares) at Dec. 31, 2023             746,859                            
Beginning balance at Dec. 31, 2023 $ 163,781     $ 164,642     $ 1   $ 57     $ 0 $ 833,080   $ (668,496) $ 0 $ (861) $ (144) $ (144) $ (375) $ 231
Beginning balance (in shares) at Dec. 31, 2023                 57,536,502                        
Beginning balance (in shares) at Dec. 31, 2023                       0                  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                          
Issuance of common stock - warrant exercises (in shares)                 20,416                        
Issuance of common stock - warrant exercises 151     151                 150                
Issuance of common stock (in shares)                 275,610                        
Issuance of common stock 5,531     5,531                 5,531                
Issuance of warrants with common stock 119     119                 119                
Employee & Director stock transactions (in shares)                 111,785                        
Repurchases of common stock from employee stock incentive plans (in shares)                       (34,457)                  
Repurchases of common stock from employee stock incentive plans (690)     (690)               $ (690)                  
Cancellation of repurchased common stock from employee stock incentive plans (in shares)                 (12,307)                        
Cancellation of repurchased common stock from employee stock incentive plans (246)     (246)                 (246)                
Settlement of convertible loans in common stock (shares)                 322,223                        
Settlement of convertible loans in common stock 5,799     5,799                 5,799                
Settlement of interest payable in common stock (in shares)                 13,820                        
Settlement of interest payable in common stock 249     249                 249                
Issuance of common stock for induced conversion of convertible loans, conversion of preferred shares in to common shares, and conversion of puttable common stock into non-puttable common stock (in shares)                 5,557                        
Issuance of common stock for induced conversion of convertible loans and conversion of puttable common stock into non-puttable common stock 100     100                 100                
Equity rights program 1,175     1,175                 1,175                
Share based compensation, net of cancellations and forfeitures (in shares)                 100,000                        
Share-based compensation, net of cancellations and forfeitures 9,452     9,452                 9,452                
Net income (loss) (4,973)     (4,950)                     (4,950)   (23)        
Ending balance (in shares) at Mar. 31, 2024             746,859                            
Ending balance at Mar. 31, 2024 180,304     181,188     $ 1   $ 57     $ (690) 855,034   (673,215) 0 (884)        
Ending balance (in shares) at Mar. 31, 2024                 58,373,606                        
Ending balance (in shares) at Mar. 31, 2024                       (34,457)                  
Beginning balance (in shares) at Dec. 31, 2023             746,859                            
Beginning balance at Dec. 31, 2023 163,781     164,642     $ 1   $ 57     $ 0 833,080   (668,496) 0 (861) $ (144) $ (144) $ (375) $ 231
Beginning balance (in shares) at Dec. 31, 2023                 57,536,502                        
Beginning balance (in shares) at Dec. 31, 2023                       0                  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                          
Net income (loss) 99,095                                        
Ending balance (in shares) at Sep. 30, 2024             781,859                            
Ending balance at Sep. 30, 2024 351,431     352,429     $ 1   $ 63     $ (697) 922,095   (569,033) 0 (998)        
Ending balance (in shares) at Sep. 30, 2024                 63,033,941                        
Ending balance (in shares) at Sep. 30, 2024                       (34,807)                  
Beginning balance (in shares) at Mar. 31, 2024             746,859                            
Beginning balance at Mar. 31, 2024 180,304     181,188     $ 1   $ 57     $ (690) 855,034   (673,215) 0 (884)        
Beginning balance (in shares) at Mar. 31, 2024                 58,373,606                        
Beginning balance (in shares) at Mar. 31, 2024                       (34,457)                  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                          
Issuance of common stock - warrant exercises (in shares)                 1,453,319                        
Issuance of common stock - warrant exercises 1,220     1,220         $ 1       1,220                
Employee & Director stock transactions (in shares)             10,000   209,104                        
Employee & Director stock transactions 1,887     1,887         $ 1       1,886                
Cancellation of repurchased common stock from employee stock incentive plans (in shares)                 (824)                        
Cancellation of repurchased common stock from employee stock incentive plans (16)     (16)                 (16)                
Settlement of convertible loans in common stock (shares)                 2,561,111                        
Settlement of convertible loans in common stock 46,101     46,101         $ 3       46,098                
Settlement of interest payable in common stock (in shares)                 86,306                        
Settlement of interest payable in common stock 1,553     1,553                 1,553                
Issuance of common stock for induced conversion of convertible loans, conversion of preferred shares in to common shares, and conversion of puttable common stock into non-puttable common stock (in shares)                 62,449                        
Issuance of common stock for induced conversion of convertible loans and conversion of puttable common stock into non-puttable common stock 1,265     1,265                 1,265                
Equity rights program 800     800                 800                
Warrant extension in connection with debt amendments 520     520                 520                
Share based compensation, net of cancellations and forfeitures (in shares)                 433,882                        
Share-based compensation, net of cancellations and forfeitures 10,489     10,489         $ 1       10,488                
Net income (loss) 107,273     107,386                     107,386   (113)        
Ending balance (in shares) at Jun. 30, 2024             756,859                            
Ending balance at Jun. 30, 2024 351,396     352,393     $ 1   $ 63     $ (690) 918,848   (565,829) 0 (997)        
Ending balance (in shares) at Jun. 30, 2024                 63,178,953                        
Ending balance (in shares) at Jun. 30, 2024                       (34,457)                  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                          
Issuance of common stock - warrant exercises (in shares)                 313,182                        
Issuance of common stock - warrant exercises 154     154         $ 1       153                
Employee & Director stock transactions (in shares)             25,000   95,173                        
Employee & Director stock transactions 801     801                 801                
Repurchases of common stock from employee stock incentive plans (in shares)                       (350)                  
Repurchases of common stock from employee stock incentive plans (7)     (7)               $ (7)                  
Cancellation of repurchased common stock from employee stock incentive plans (in shares)                 (534,347)                        
Cancellation of repurchased common stock from employee stock incentive plans (11,147)     (11,147)         $ (1)       (11,146)                
Settlement of convertible loans in common stock (shares)                 69,443                        
Settlement of convertible loans in common stock 1,250     1,250                 1,250                
Settlement of interest payable in common stock (in shares)                 4,034                        
Settlement of interest payable in common stock 73     73                 73                
Share based compensation, net of cancellations and forfeitures (in shares)                 (92,497)                        
Share-based compensation, net of cancellations and forfeitures 12,116     12,116                 12,116                
Net income (loss) (3,205)     (3,204)                     (3,204)   (1)        
Ending balance (in shares) at Sep. 30, 2024             781,859                            
Ending balance at Sep. 30, 2024 $ 351,431     352,429     $ 1   $ 63     $ (697) 922,095   (569,033) 0 (998)        
Ending balance (in shares) at Sep. 30, 2024                 63,033,941                        
Ending balance (in shares) at Sep. 30, 2024                       (34,807)                  
Beginning balance (in shares) at Dec. 31, 2024 781,859           781,859                            
Beginning balance at Dec. 31, 2024 $ 367,617     367,617     $ 1   $ 63     $ (775) 930,638   (562,310) 0 0        
Beginning balance (in shares) at Dec. 31, 2024 63,219,480               63,219,480                        
Beginning balance (in shares) at Dec. 31, 2024 (38,469)                     (38,469)                  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                          
Issuance of common stock - warrant exercises (in shares)                 5,000                        
Issuance of common stock - warrant exercises $ 70     70                 70                
Employee & Director stock transactions (in shares)             11,568   16,662                        
Repurchases of common stock from employee stock incentive plans (in shares)                       (35,648)                  
Repurchases of common stock from employee stock incentive plans (796)     (796)               $ (796)                  
Cancellation of repurchased common stock from employee stock incentive plans (in shares)                 (51,373)                        
Cancellation of repurchased common stock from employee stock incentive plans (1,148)     (1,148)                 (1,148)                
Issuance of common stock for induced conversion of convertible loans, conversion of preferred shares in to common shares, and conversion of puttable common stock into non-puttable common stock (in shares)                 1,150,142                        
Issuance of common stock for induced conversion of convertible loans and conversion of puttable common stock into non-puttable common stock 25,694     25,694         $ 1       25,693                
Share-based compensation, net of cancellations and forfeitures 9,739     9,739                 9,739                
Net income (loss) (21,420)     (21,420)                     (21,420)            
Ending balance (in shares) at Mar. 31, 2025             793,427                            
Ending balance at Mar. 31, 2025 $ 379,756     379,756     $ 1   $ 64     $ (1,571) 964,992   (583,730) 0 0        
Ending balance (in shares) at Mar. 31, 2025                 64,339,911                        
Ending balance (in shares) at Mar. 31, 2025                       (74,117)                  
Beginning balance (in shares) at Dec. 31, 2024 781,859           781,859                            
Beginning balance at Dec. 31, 2024 $ 367,617     367,617     $ 1   $ 63     $ (775) 930,638   (562,310) 0 0        
Beginning balance (in shares) at Dec. 31, 2024 63,219,480               63,219,480                        
Beginning balance (in shares) at Dec. 31, 2024 (38,469)                     (38,469)                  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                          
Net income (loss) $ (99,973)                                        
Ending balance (in shares) at Sep. 30, 2025 0           0                            
Ending balance at Sep. 30, 2025 $ 831,909     831,909     $ 0   $ 82     $ (8,232) 1,502,973   (662,283) (631) 0        
Ending balance (in shares) at Sep. 30, 2025 81,767,756               81,767,756                        
Ending balance (in shares) at Sep. 30, 2025 (353,799)                     (353,799)                  
Beginning balance (in shares) at Mar. 31, 2025             793,427                            
Beginning balance at Mar. 31, 2025 $ 379,756     379,756     $ 1   $ 64     $ (1,571) 964,992   (583,730) 0 0        
Beginning balance (in shares) at Mar. 31, 2025                 64,339,911                        
Beginning balance (in shares) at Mar. 31, 2025                       (74,117)                  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                          
Common stock reacquired in exchange for pre-funded warrant (in shares)                 (6,218,504)                        
Common stock reacquired in exchange for pre-funded warrant 0     0         $ (6)       6                
Issuance of common stock - warrant exercises (in shares)                 1,540,280                        
Issuance of common stock - warrant exercises 3,237     3,237         $ 2       3,235                
Employee & Director stock transactions (in shares)                 281,505                        
Employee & Director stock transactions 1,002     1,002                 1,002                
Share based compensation, net of cancellations and forfeitures (in shares)                 395,891                        
Share-based compensation, net of cancellations and forfeitures 9,621     9,621                 9,621                
Net income (loss) 23,527     23,527                     23,527            
Other comprehensive income (loss) 1,123     1,123                       1,123          
Ending balance (in shares) at Jun. 30, 2025             793,427                            
Ending balance at Jun. 30, 2025 418,266     418,266     $ 1   $ 60     $ (1,571) 978,856   (560,203) 1,123 0        
Ending balance (in shares) at Jun. 30, 2025                 60,339,083                        
Ending balance (in shares) at Jun. 30, 2025                       (74,117)                  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                          
Common stock reacquired in exchange for pre-funded warrant (in shares)                 (575,071)                        
Common stock reacquired in exchange for pre-funded warrant 0     0         $ (1)       1                
Issuance of common stock - warrant exercises (in shares)                 485,689                        
Issuance of common stock - warrant exercises 1     1         $ 1                        
Issuance of common stock (in shares)                   17,250,000                      
Issuance of common stock   $ 359,344     $ 359,344         $ 17       $ 359,327              
Employee & Director stock transactions (in shares)             153,532   366,430                        
Employee & Director stock transactions 3,885     3,885                 3,885                
Repurchases of common stock from employee stock incentive plans (in shares)                       (279,682)                  
Repurchases of common stock from employee stock incentive plans (6,661)     (6,661)               $ (6,661)                  
Cancellation of repurchased common stock from employee stock incentive plans (in shares)                 (422,267)                        
Cancellation of repurchased common stock from employee stock incentive plans (13,228)     (13,228)                 (13,228)                
Issuance of common stock for induced conversion of convertible loans, conversion of preferred shares in to common shares, and conversion of puttable common stock into non-puttable common stock (in shares)               (946,959) 575,071 2,801,862 946,959                    
Issuance of common stock for induced conversion of convertible loans and conversion of puttable common stock into non-puttable common stock 13,226 64,443 $ 0 13,226 64,443 $ 0   $ (1) $ 1 $ 3 $ 1   13,225 64,440              
Reclassification of puttable warrants issued with debt upon IPO   $ 65,360     $ 65,360                 $ 65,360              
Warrant modification 1,516     1,516                 1,516                
Share-based compensation, net of cancellations and forfeitures 29,591     29,591                 29,591                
Net income (loss) (102,080)     (102,080)                     (102,080)            
Other comprehensive income (loss) $ (1,754)     (1,754)                       (1,754)          
Ending balance (in shares) at Sep. 30, 2025 0           0                            
Ending balance at Sep. 30, 2025 $ 831,909     $ 831,909     $ 0   $ 82     $ (8,232) $ 1,502,973   $ (662,283) $ (631) $ 0        
Ending balance (in shares) at Sep. 30, 2025 81,767,756               81,767,756                        
Ending balance (in shares) at Sep. 30, 2025 (353,799)                     (353,799)