NET LOSS PER SHARE (Tables)

12 Months Ended

Dec. 31, 2025

Earnings Per Share [Abstract]

Schedule of Reconciliations of the Numerators and Denominators Used to Compute Basic and Diluted Earnings (Loss) Per Share

The following table sets forth reconciliations of the numerators and denominators used to compute basic and diluted loss per

share (in thousands, except per share amounts):

	Year Ended December 31,
	2025	2024	2023
Numerator:
Net loss	$(288,616)	$(1,437,874)	$(246,487)
Add: Change in fair value of Tranche 2 Warrants	7,876	192,585	—
Basic and diluted net loss	$(280,740)	$(1,245,289)	$(246,487)
Denominator:
Weighted average shares outstanding - basic and diluted	318,068	255,832	379,863
Net loss per share - basic and diluted	$(0.88)	$(4.87)	$(0.65)

Schedule of Antidilutive Securities Excluded from Computation of Earnings (Loss) Per Share

Potentially dilutive securities include securities excluded from the calculation of diluted EPS because to do so would be anti-

dilutive. Shares which may be issued from potentially dilutive securities are as follows (in thousands):

	Year Ended December 31,
	2025	2024	2023
Tranche 1 Warrants	96,676	97,673	—
Convertible Notes	69,611	69,611	69,998
RSUs, PSUs, and MSUs	19,633	20,069	38,358
Stock options	344	369	22,575
Warrants	—	—	14,892
SPAC Vesting Shares	—	—	1,725
Total shares issuable from potentially dilutive securities	186,264	187,722	147,548