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CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY - USD ($)
$ in Thousands
Total
Issuance of convertible Series C preferred stock, net of issuance costs
Issuance of convertible Series C-1 preferred stock, net of issuance costs
Convertible Preferred Stock (Series A, B, C, and C-1)
Convertible Preferred Stock (Series A, B, C, and C-1)
Issuance of convertible Series C preferred stock, net of issuance costs
Convertible Preferred Stock (Series A, B, C, and C-1)
Issuance of convertible Series C-1 preferred stock, net of issuance costs
Common Stock Including Class A, Class B, and Treasury Stock
Additional Paid-In Capital
Accumulated Deficit
Accumulated Other Comprehensive Loss
Beginning balance (in shares) at Dec. 31, 2024       99,565,570     45,542,122      
Beginning balance at Dec. 31, 2024 $ 435,943     $ 1,411,313     $ (5,887) $ 0 $ (969,276) $ (207)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Issuance of stock (in shares)         8,384,459 23,545,451 537,933      
Issuance of stock 2,095 $ 206,241 $ 724,278   $ 206,241 $ 724,278   2,095    
Convertible preferred stock paid-in-kind dividend (39,136)     $ 39,136       (19,222) (19,914)  
Stock-based compensation 16,819             16,819    
Warrant expense 308             308    
Foreign currency translation adjustments 114                 114
Net loss (595,909)               (595,909)  
Ending balance (in shares) at Sep. 30, 2025       131,495,480     46,080,055      
Ending balance at Sep. 30, 2025 789,889     $ 2,380,968     $ (5,887) 0 (1,585,099) (93)
Beginning balance (in shares) at Jun. 30, 2025       99,735,577     45,895,052      
Beginning balance at Jun. 30, 2025 293,212     $ 1,438,733     $ (5,887) 0 (1,139,651) 17
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Issuance of stock (in shares)         8,214,452 23,545,451 185,003      
Issuance of stock 849 $ 203,361 $ 724,278   $ 203,361 $ 724,278   849    
Convertible preferred stock paid-in-kind dividend (14,596)     $ 14,596       (6,362) (8,234)  
Stock-based compensation 5,205             5,205    
Warrant expense 308             308    
Foreign currency translation adjustments (110)                 (110)
Net loss (437,214)               (437,214)  
Ending balance (in shares) at Sep. 30, 2025       131,495,480     46,080,055      
Ending balance at Sep. 30, 2025 789,889     $ 2,380,968     $ (5,887) 0 (1,585,099) (93)
Beginning balance (in shares) at Dec. 31, 2025       0     229,228,031      
Beginning balance at Dec. 31, 2025 1,817,836     $ 0     $ 23 3,731,273 (1,913,450) (10)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Issuance of stock (in shares)             4,006,468      
Issuance of stock 13,047           $ 2 13,045    
Issuance of common stock upon vesting of restricted stock (in shares)             872,929      
Convertible preferred stock paid-in-kind dividend 0                  
Stock-based compensation 49,352             49,352    
Warrant expense 17,091             17,091    
Issuance of Class A common stock in connection with asset acquisition (in shares)             715,587      
Issuance of common stock in connection with asset acquisition 10,797             10,797    
Foreign currency translation adjustments (206)                 (206)
Net loss (390,181)               (390,181)  
Ending balance (in shares) at Sep. 30, 2026       0     234,823,015      
Ending balance at Sep. 30, 2026 1,517,736     $ 0     $ 25 3,821,558 (2,303,631) (216)
Beginning balance (in shares) at Jun. 30, 2026       0     233,845,906      
Beginning balance at Jun. 30, 2026 1,615,177     $ 0     $ 24 3,799,864 (2,184,512) (199)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Issuance of stock (in shares)             976,949      
Issuance of stock 4,673           $ 1 4,672    
Issuance of common stock upon vesting of restricted stock (in shares)             160      
Convertible preferred stock paid-in-kind dividend 0                  
Stock-based compensation 11,262             11,262    
Warrant expense 5,760             5,760    
Foreign currency translation adjustments (17)                 (17)
Net loss (119,119)               (119,119)  
Ending balance (in shares) at Sep. 30, 2026       0     234,823,015      
Ending balance at Sep. 30, 2026 $ 1,517,736     $ 0     $ 25 $ 3,821,558 $ (2,303,631) $ (216)