Net Loss per Share (Tables)

3 Months Ended

Mar. 31, 2025

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

The calculation of basic and diluted earnings per common share is as follows (in thousands, except share data):

	Three Months Ended March 31,
	2025		2024
Numerator:
Net loss, basic	$	(90,957)	$	(165,911)
Change in fair value of contingent consideration common shares liability	—		464
Net loss, diluted	$	(90,957)	$	(166,375)
Denominator:
Weighted average common shares outstanding, basic	54,241,619		50,111,460
Effect of dilutive securities:
Contingent consideration common shares	—		21,906
Weighted average common shares outstanding, diluted	54,241,619		50,133,366
Basic net loss per share	$	(1.68)	$	(3.31)
Diluted net loss per share	$	(1.68)	$	(3.32)

Summary of Anti-Dilutive Shares

The following potential common shares, presented based on amounts outstanding at each period end, were excluded from the calculation of diluted net loss per share for the periods presented because including them would have been anti-dilutive:

	As of March 31,
	2025	2024
Unvested PSUs	4,115,270	—
Unvested RSUs	3,710,189	5,967,596
Earnout shares (1)	3,794,111	3,803,377
Warrants to purchase Class A common stock	1,295,622	1,295,622
Outstanding stock options	761,312	104,125
Escrow shares (2)	6,647	18,266
	13,683,151	11,188,986

(1)Represents employee and non-employee earnout shares for which the service-based and/or market-based vesting conditions have not been satisfied.

(2)Represents restricted common stock issued in connection with asset acquisitions, held in escrow for indemnification purposes, and subject to forfeiture.