Quarterly report [Sections 13 or 15(d)]

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (DEFICIT) (Unaudited)

v3.26.3
CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (DEFICIT) (Unaudited) - USD ($)
$ in Thousands
Total
ATM Facility
Equity Offering
Common Stock
Common Stock
ATM Facility
Common Stock
Equity Offering
Treasury Stock
Additional Paid-in Capital
Additional Paid-in Capital
ATM Facility
Additional Paid-in Capital
Equity Offering
Accumulated Deficit
Accumulated  Other Comprehensive Income (Loss)
Common stock, beginning balance (in shares) at Dec. 31, 2024       67,002,370                
Beginning balance at Dec. 31, 2024 $ (188,714)     $ 7     $ (3,573) $ 161,619     $ (348,106) $ 1,339
Treasury stock, beginning balance (in shares) at Dec. 31, 2024             728,739          
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Equity-based compensation expense 47,591             47,591        
Common stock issued in offering (in shares)           16,125,100            
Common stock issued in offering     $ 254,158     $ 1       $ 254,157    
Common stock issued in connection with Edge Acquisition (in shares)       49,764,847                
Common stock issued in connection with Edge Acquisition 862,561     $ 5       862,556        
Common stock issued for share-based awards (in shares)       1,230,213                
Common stock issued for share-based awards 831             831        
Common issued for warrants exercised (in shares)       9,499,138                
Common stock issued for warrants exercised 117,780     $ 1       117,779        
Shares repurchased for settlement of employee tax withholdings on share-based awards (in shares)             175,186          
Shares repurchased for settlement of employee tax withholdings on share-based awards (2,763)           $ (2,763)          
Convertible preferred stock paid-in-kind dividend (33,285)             (33,285)        
Convertible preferred stock converted to common stock (in shares)       11,566,424                
Convertible preferred stock converted to common stock 48,463     $ 1       48,462        
Convertible preferred stock repurchased 47,104                   47,104  
Foreign currency translation, net of tax 9,606                     9,606
Net loss (141,079)                   (141,079)  
Common stock, ending balance (in shares) at Sep. 30, 2025       155,188,092                
Ending balance at Sep. 30, 2025 928,045     $ 15     $ (6,336) 1,459,710     (536,289) 10,945
Treasury stock, ending balance (in shares) at Sep. 30, 2025             903,925          
Common stock, beginning balance (in shares) at Jun. 30, 2025       142,575,692                
Beginning balance at Jun. 30, 2025 907,592     $ 14     $ (3,581) 1,392,204     (493,393) 12,348
Treasury stock, beginning balance (in shares) at Jun. 30, 2025             729,295          
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Equity-based compensation expense 11,993             11,993        
Common stock issued in offering (in shares)           600,100            
Common stock issued in offering     $ 9,118             $ 9,118    
Common stock issued for share-based awards (in shares)       1,012,300                
Common stock issued for share-based awards 4             4        
Shares repurchased for settlement of employee tax withholdings on share-based awards (in shares)             174,630          
Shares repurchased for settlement of employee tax withholdings on share-based awards (2,755)           $ (2,755)          
Convertible preferred stock converted to common stock (in shares)       11,000,000                
Convertible preferred stock converted to common stock 46,392     $ 1       46,391        
Convertible preferred stock repurchased (1,744)                   (1,744)  
Foreign currency translation, net of tax (1,403)                     (1,403)
Net loss (41,152)                   (41,152)  
Common stock, ending balance (in shares) at Sep. 30, 2025       155,188,092                
Ending balance at Sep. 30, 2025 $ 928,045     $ 15     $ (6,336) 1,459,710     (536,289) 10,945
Treasury stock, ending balance (in shares) at Sep. 30, 2025             903,925          
Common stock, beginning balance (in shares) at Dec. 31, 2025 191,915,804     191,915,804                
Beginning balance at Dec. 31, 2025 $ 1,060,016     $ 19     $ (7,342) 1,678,799     (621,762) 10,302
Treasury stock, beginning balance (in shares) at Dec. 31, 2025 1,036,294           1,036,294          
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Equity-based compensation expense $ 56,945             56,945        
Common stock issued in offering (in shares)         40,253,405              
Common stock issued in offering   $ 550,614     $ 4       $ 550,610      
Common stock issued for share-based awards (in shares)       1,511,349                
Common stock issued for share-based awards 4,155             4,155        
Common issued for warrants exercised (in shares)       1,252,954                
Common stock issued for warrants exercised 20,295             20,295        
Shares repurchased for settlement of employee tax withholdings on share-based awards (in shares)             92,283          
Shares repurchased for settlement of employee tax withholdings on share-based awards (965)           $ (965)          
Convertible preferred stock paid-in-kind dividend (3,358)             (3,358)        
Convertible preferred stock converted to common stock (in shares)       15,247,586                
Convertible preferred stock converted to common stock 77,034     $ 2       77,032        
Foreign currency translation, net of tax (14,950)                     (14,950)
Net loss $ (140,651)                   (140,651)  
Common stock, ending balance (in shares) at Sep. 30, 2026 250,181,098     250,181,098                
Ending balance at Sep. 30, 2026 $ 1,609,135     $ 25     $ (8,307) 2,384,478     (762,413) (4,648)
Treasury stock, ending balance (in shares) at Sep. 30, 2026 1,128,577           1,128,577          
Common stock, beginning balance (in shares) at Jun. 30, 2026       249,221,102                
Beginning balance at Jun. 30, 2026 $ 1,629,857     $ 25     $ (7,342) 2,377,689     (739,235) (1,280)
Treasury stock, beginning balance (in shares) at Jun. 30, 2026             1,036,294          
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Equity-based compensation expense 6,310             6,310        
Common stock issued for share-based awards (in shares)       907,013                
Common issued for warrants exercised (in shares)       52,983                
Common stock issued for warrants exercised 479             479        
Shares repurchased for settlement of employee tax withholdings on share-based awards (in shares)             92,283          
Shares repurchased for settlement of employee tax withholdings on share-based awards (965)           $ (965)          
Foreign currency translation, net of tax (3,368)                     (3,368)
Net loss $ (23,178)                   (23,178)  
Common stock, ending balance (in shares) at Sep. 30, 2026 250,181,098     250,181,098                
Ending balance at Sep. 30, 2026 $ 1,609,135     $ 25     $ (8,307) $ 2,384,478     $ (762,413) $ (4,648)
Treasury stock, ending balance (in shares) at Sep. 30, 2026 1,128,577           1,128,577