XML 15 R3.htm IDEA: XBRL DOCUMENT v3.25.3
CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical)
$ in Thousands
Sep. 30, 2025
USD ($)
$ / shares
shares
Dec. 31, 2024
USD ($)
$ / shares
shares
Short-term investments $ 701,906 $ 2,424,103
Accounts receivable, net 137,642 112,025
Other current assets 286,245 270,218
Long-term investments 656,249 1,012,223
Other current liabilities 1,630,322 1,024,671
Other long-term liabilities $ 572,091 $ 592,314
Convertible preferred stock, shares outstanding (in shares) | shares 175,000 175,000
Common stock, par value (in dollars per share) | $ / shares [1] $ 0.0001 $ 0.0001
Common stock, shares authorized (in shares) | shares [1] 1,500,000,000 1,500,000,000
Common stock, shares issued (in shares) | shares [1] 324,250,049 303,221,972
Common stock, shares outstanding (in shares) | shares [1] 324,164,267 303,136,190
Treasury stock (in shares) | shares [1] 85,782 85,782
Series A Derivative Liability    
Convertible preferred stock, shares authorized (in shares) | shares 10,000,000 10,000,000
Convertible preferred stock, par value (in dollars per share) | $ / shares $ 0.0001 $ 0.0001
Convertible preferred stock, shares issued (in shares) | shares 100,000 100,000
Convertible preferred stock, shares outstanding (in shares) | shares 100,000 100,000
Preferred stock, liquidation preference value $ 1,294,204 $ 1,138,825
Series B Derivative Liability    
Convertible preferred stock, shares authorized (in shares) | shares 10,000,000 10,000,000
Convertible preferred stock, par value (in dollars per share) | $ / shares $ 0.0001 $ 0.0001
Convertible preferred stock, shares issued (in shares) | shares 75,000 75,000
Convertible preferred stock, shares outstanding (in shares) | shares 75,000 75,000
Preferred stock, liquidation preference value $ 909,131 $ 800,442
Related Party    
Short-term investments 50,000 15,000
Accounts receivable, net 83,616 57,909
Other current assets 0 34,503
Long-term investments 0 20,000
Other current liabilities 378,405 126,417
Other long-term liabilities $ 123,043 $ 121,136
[1]
(1) The number of shares of common stock and treasury stock have been adjusted for the prior period presented to reflect the one-for-ten (1:10) reverse stock split effected on August 29, 2025. See Note 2 “Summary of Significant Accounting Policies” for more information.