XML 22 R6.htm IDEA: XBRL DOCUMENT v3.25.1
CONDENSED CONSOLIDATED STATEMENTS OF REDEEMABLE CONVERTIBLE PREFERRED STOCK AND STOCKHOLDERS’ EQUITY - USD ($)
$ in Thousands
Total
Series A Redeemable Convertible Preferred Stock
Common Stock
Additional Paid-In Capital
Treasury Stock
Accumulated Other Comprehensive Income (Loss)
Accumulated Deficit
Beginning balance (in shares) at Dec. 31, 2023 0            
Beginning balance at Dec. 31, 2023 $ 0            
Increase (Decrease) in Temporary Equity [Roll Forward]              
Issuance of redeemable convertible preferred stock, net of derivative liability and issuance costs (in shares)   100,000          
Issuance of Series A redeemable convertible preferred stock, net of derivative liability and issuance costs (related party)   $ 500,549          
Accretion of redeemable convertible preferred stock (related party) $ 3,901            
Ending balance (in shares) at Mar. 31, 2024 100,000            
Ending balance at Mar. 31, 2024 $ 504,450            
Beginning balance (in shares) at Dec. 31, 2023     2,299,253,664        
Beginning balance at Dec. 31, 2023 4,851,692   $ 230 $ 15,066,080 $ (20,716) $ 4,850 $ (10,198,752)
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net loss (680,859)           (680,859)
Other comprehensive income (loss) (7,250)         (7,250)  
Tax withholding payments for net settlement of employee awards (3,242)     (3,242)      
Issuance of common stock upon vesting of employee RSUs (in shares)     6,259,851        
Issuance of common stock upon vesting of employee RSUs 0   $ 1 (1)      
Issuance of common stock upon exercise of stock options (in shares)     1,415,298        
Issuance of common stock upon exercise of stock options 1,525     1,525      
Accretion of redeemable convertible preferred stock (related party) (3,901)     (3,901)      
Stock-based compensation 74,225     74,225      
Ending balance (in shares) at Mar. 31, 2024     2,306,928,813        
Ending balance at Mar. 31, 2024 $ 4,232,190   $ 231 15,134,686 (20,716) (2,400) (10,879,611)
Beginning balance (in shares) at Dec. 31, 2024 175,000 100,000          
Beginning balance at Dec. 31, 2024 $ 1,299,842 $ 730,025          
Increase (Decrease) in Temporary Equity [Roll Forward]              
Accretion of redeemable convertible preferred stock (related party) $ 364,925            
Ending balance (in shares) at Mar. 31, 2025 175,000 100,000          
Ending balance at Mar. 31, 2025 $ 1,664,767 $ 955,317          
Beginning balance (in shares) at Dec. 31, 2024 3,031,361,899   3,031,361,899        
Beginning balance at Dec. 31, 2024 $ 3,872,812   $ 303 16,808,018 (20,716) (2,099) (12,912,694)
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net loss (366,171)           (366,171)
Other comprehensive income (loss) 7,449         7,449  
Tax withholding payments for net settlement of employee awards (3,277)     (3,277)      
Issuance of common stock upon vesting of employee RSUs (in shares)     17,090,704        
Issuance of common stock upon vesting of employee RSUs $ 0   $ 2 (2)      
Issuance of common stock upon exercise of stock options (in shares) 348,128   348,128        
Issuance of common stock upon exercise of stock options $ 413     413      
Accretion of redeemable convertible preferred stock (related party) (364,925)     (364,925)      
Stock-based compensation $ 37,374     37,374      
Ending balance (in shares) at Mar. 31, 2025 3,048,800,731   3,048,800,731        
Ending balance at Mar. 31, 2025 $ 3,183,675   $ 305 $ 16,477,601 $ (20,716) $ 5,350 $ (13,278,865)