Net Loss Per Share Attributable to Common shareholders (Tables)

6 Months Ended

Jun. 30, 2025

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

The following table sets forth the computation of the basic and diluted net loss per share attributable to common shareholders:

	Three Months Ended June 30,				Six Months Ended June 30,
(amounts in thousands, except share and per share data)	2025		2024		2025		2024
Net loss	$	(71,790)	$	(66,186)	$	(174,370)	$	(177,214)
Deemed dividend from Series D redeemable convertible preferred stock	(384,436)		—		(384,436)		—
Adjustments of redeemable convertible preferred stock to redemption value	(60,971)		(23,594)		(85,433)		(46,707)
Net loss attributable to common shareholders	$	(517,197)	$	(89,780)	$	(644,239)	$	(223,921)
Net loss per share attributable to common shareholders, basic and diluted	$	(7.97)	$	(2.54)	$	(12.80)	$	(6.34)
Weighted-average shares used in computing net loss per share attributable to common shareholders, basic and diluted	64,918,988		35,371,424		50,348,947		35,342,180

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The following common stock equivalents were excluded from the calculation of diluted net loss per share attributable to common shareholders for the periods presented as they had an anti-dilutive effect:

	Six Months Ended June 30,
	2025	2024
Series A preferred stock	—	121,448,823
Series B preferred stock	—	7,407,408
Series C preferred stock	—	29,050,209
Series D preferred stock	—	25,629,071
Outstanding warrants	—	6,273,609
Unvested RSUs	4,363,462	180,125
Outstanding stock options	23,503,976	21,191,043
Unvested shares subject to repurchase	43,603	968,000
Total	27,911,041	212,148,288