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Condensed Consolidated Statements of Stockholders' Equity - USD ($)
shares in Thousands, $ in Thousands
Common stock
Additional Paid-in Capital
Accumulated Deficit
Accumulated Other Comprehensive Loss
Total
Balance at Dec. 31, 2023 $ 11 $ 3,145,837 $ (2,377,436) $ (3,085) $ 765,327
Balance (in shares) at Dec. 31, 2023 119,581        
Issuance of common stock upon exercise of stock options   10,368     10,368
Issuance of common stock upon exercise of stock options (in shares) 1,325        
Issuance of common stock under the employee stock purchase plan   8,862     8,862
Issuance of common stock under the employee stock purchase plan (in shares) 263        
Issuance of common stock for bonus   24,071     24,071
Issuance of common stock for bonus (in shares) 270        
Vesting of restricted stock units $ 1       1
Vesting of restricted stock units (in shares) 2,698        
Stock based compensation   204,231     204,231
Unrealized (loss) gain on available-for sale securities       2,320 2,320
Net loss     (136,655)   (136,655)
Balance at Sep. 30, 2024 $ 12 3,393,369 (2,514,091) (765) 878,525
Balance (in shares) at Sep. 30, 2024 124,137        
Balance at Jun. 30, 2024 $ 12 3,320,365 (2,482,499) (1,358) 836,520
Balance (in shares) at Jun. 30, 2024 123,365        
Issuance of common stock upon exercise of stock options   1,720     1,720
Issuance of common stock upon exercise of stock options (in shares) 247        
Vesting of restricted stock units (in shares) 525        
Stock based compensation   71,284     71,284
Unrealized (loss) gain on available-for sale securities       593 593
Net loss     (31,592)   (31,592)
Balance at Sep. 30, 2024 $ 12 3,393,369 (2,514,091) (765) 878,525
Balance (in shares) at Sep. 30, 2024 124,137        
Balance at Dec. 31, 2024 $ 12 3,763,614 (2,567,862) (344) $ 1,195,420
Balance (in shares) at Dec. 31, 2024 132,646       132,646
Issuance of common stock upon exercise of stock options   2,819     $ 2,819
Issuance of common stock upon exercise of stock options (in shares) 134        
Issuance of common stock under the employee stock purchase plan   12,236     12,236
Issuance of common stock under the employee stock purchase plan (in shares) 116        
Issuance of common stock for bonus   32,875     32,875
Issuance of common stock for bonus (in shares) 228        
Vesting of restricted stock units $ 2       2
Vesting of restricted stock units (in shares) 4,409        
Stock based compensation   264,097     264,097
Unrealized (loss) gain on available-for sale securities       157 157
Net loss     (255,418)   (255,418)
Balance at Sep. 30, 2025 $ 14 4,075,641 (2,823,280) (187) $ 1,252,188
Balance (in shares) at Sep. 30, 2025 137,533       137,533
Balance at Jun. 30, 2025 $ 14 3,982,191 (2,735,736) (287) $ 1,246,182
Balance (in shares) at Jun. 30, 2025 136,757        
Issuance of common stock upon exercise of stock options   1,935     1,935
Issuance of common stock upon exercise of stock options (in shares) 65        
Vesting of restricted stock units (in shares) 711        
Stock based compensation   91,515     91,515
Unrealized (loss) gain on available-for sale securities       100 100
Net loss     (87,544)   (87,544)
Balance at Sep. 30, 2025 $ 14 $ 4,075,641 $ (2,823,280) $ (187) $ 1,252,188
Balance (in shares) at Sep. 30, 2025 137,533       137,533