XML 110 R85.htm IDEA: XBRL DOCUMENT v3.25.1
Earnings Per Share - Schedule of Basic and Diluted Earnings per Share (Details) - USD ($)
$ / shares in Units, $ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]    
Net income (loss) for basic earnings per share $ 95,133 $ (46,708)
Effect of potentially dilutive shares:    
Adjustment for interest on convertible notes 1,839 0
Adjustment for change in fair value on embedded derivatives for convertible notes (15,922) 0
Adjustment for change in fair value on SPA Warrant (42,064) 0
Adjustment for change in fair value on April, May and December 2023 Warrants (46,896) 0
Adjustment for remeasurement of Series B Preferred Stock (79,997)
Net income (loss) attributable to common shareholders $ (87,907) $ (46,708)
Weighted-average basic common shares outstanding (in shares) 225,474,247 201,306,905
Dilutive effect of convertible notes (in shares) 13,385,305 0
Dilutive effect of Series B Preferred Stock (in shares) 110,850,111 0
Dilutive effect of warrants (in shares) 68,498,537 0
Weighted-average dilutive common shares outstanding (in shares) 436,368,282 201,306,905
Earnings per share:    
Basic (in dollars per share) $ 0.42 $ (0.23)
Diluted (in dollars per share) $ (0.20) $ (0.23)
Restricted stock units    
Effect of potentially dilutive shares:    
Dilutive effect of RSUs, PRSUs and stock options (in shares) 8,621,012 0
Performance-based restricted stock units    
Effect of potentially dilutive shares:    
Dilutive effect of RSUs, PRSUs and stock options (in shares) 8,017,961 0
Stock Options    
Effect of potentially dilutive shares:    
Dilutive effect of RSUs, PRSUs and stock options (in shares) 1,521,109 0