XML 19 R4.htm IDEA: XBRL DOCUMENT v3.25.4
CONSOLIDATED BALANCE SHEETS (Parenthetical)
$ in Thousands
Dec. 31, 2025
USD ($)
$ / shares
shares
Dec. 31, 2024
USD ($)
$ / shares
shares
Short-term investments $ 631,093 $ 2,424,103
Accounts receivable, net 177,162 112,025
Other current assets 324,434 270,218
Long-term investments 512,241 1,050,054
Current portion of debt 671,746 126,417
Other current liabilities 1,392,641 898,254
Other long-term liabilities $ 582,739 $ 592,314
Convertible preferred stock, shares authorized (in shares) | shares 10,000,000  
Convertible preferred stock, par value (in dollars per share) | $ / shares $ 0.0001  
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] 327,451,844 303,221,972
Common stock, shares outstanding (in shares) | shares [1] 327,366,062 303,136,190
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 $ 1,350,441 $ 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 $ 949,249 $ 800,442
Related Party    
Short-term investments 50,000 15,000
Accounts receivable, net 120,540 57,909
Other current assets 0 34,503
Long-term investments 24,259 57,831
Current portion of debt 467,963 126,417
Other current liabilities 81,580 0
Other long-term liabilities $ 123,198 $ 121,136
[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.