XML 17 R5.htm IDEA: XBRL DOCUMENT v3.25.2
CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY (Unaudited) - USD ($)
$ in Thousands
Total
Preferred Stock
Common Stock
Treasury Stock
Additional Paid-In Capital
Accumulated Deficit
Accumulated Other Comprehensive Income (Loss)
Preferred stock outstanding, beginning balance (in shares) at Dec. 31, 2023   0          
Balance at Beginning at Dec. 31, 2023 $ 554,544 $ 0 $ 49 $ 0 $ 1,176,484 $ (623,526) $ 1,537
Common stock outstanding, beginning balance (in shares) at Dec. 31, 2023     488,923,055        
Treasury stock, beginning balance (in shares) at Dec. 31, 2023       0      
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net loss (44,260)         (44,260)  
Issuance of common stock under equity plans (in shares)     3,747,661        
Issuance of common stock under equity plans 943       943    
Stock-based compensation 14,225       14,225    
Purchase of capped calls (43,168)       (43,168)    
Other comprehensive income (loss) (3,338)           (3,338)
Preferred stock outstanding, ending balance (in shares) at Mar. 31, 2024   0          
Common stock outstanding, ending balance (in shares) at Mar. 31, 2024     492,670,716        
Balance Ending at Mar. 31, 2024 478,946 $ 0 $ 49 $ 0 1,148,484 (667,786) (1,801)
Treasury stock, ending balance (in shares) at Mar. 31, 2024       0      
Preferred stock outstanding, beginning balance (in shares) at Dec. 31, 2023   0          
Balance at Beginning at Dec. 31, 2023 554,544 $ 0 $ 49 $ 0 1,176,484 (623,526) 1,537
Common stock outstanding, beginning balance (in shares) at Dec. 31, 2023     488,923,055        
Treasury stock, beginning balance (in shares) at Dec. 31, 2023       0      
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net loss (85,891)            
Preferred stock outstanding, ending balance (in shares) at Jun. 30, 2024   0          
Common stock outstanding, ending balance (in shares) at Jun. 30, 2024     496,500,849        
Balance Ending at Jun. 30, 2024 455,180 $ 0 $ 50 $ 0 1,165,322 (709,417) (775)
Treasury stock, ending balance (in shares) at Jun. 30, 2024       0      
Preferred stock outstanding, beginning balance (in shares) at Mar. 31, 2024   0          
Balance at Beginning at Mar. 31, 2024 478,946 $ 0 $ 49 $ 0 1,148,484 (667,786) (1,801)
Common stock outstanding, beginning balance (in shares) at Mar. 31, 2024     492,670,716        
Treasury stock, beginning balance (in shares) at Mar. 31, 2024       0      
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net loss (41,631)         (41,631)  
Issuance of common stock under equity plans (in shares)     3,639,159        
Issuance of common stock under equity plans 2,845   $ 1   2,844    
Stock-based compensation 13,156       13,156    
Issuance of common stock for acquisition (in shares)     190,974        
Issuance of common stock for acquisition 838       838    
Other comprehensive income (loss) 1,026           1,026
Preferred stock outstanding, ending balance (in shares) at Jun. 30, 2024   0          
Common stock outstanding, ending balance (in shares) at Jun. 30, 2024     496,500,849        
Balance Ending at Jun. 30, 2024 $ 455,180 $ 0 $ 50 $ 0 1,165,322 (709,417) (775)
Treasury stock, ending balance (in shares) at Jun. 30, 2024       0      
Preferred stock outstanding, beginning balance (in shares) at Dec. 31, 2024 0 0          
Balance at Beginning at Dec. 31, 2024 $ 382,453 $ 0 $ 50 $ 0 1,198,909 (813,701) (2,805)
Common stock outstanding, beginning balance (in shares) at Dec. 31, 2024 504,453,785   504,453,785        
Treasury stock, beginning balance (in shares) at Dec. 31, 2024 0     0      
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net loss $ (60,616)         (60,616)  
Issuance of common stock under equity plans (in shares)     2,179,607        
Issuance of common stock under equity plans 48       48    
Stock-based compensation 18,871       18,871    
Issuance of common stock under ATM Equity Offering, net of issuance costs (in shares)     4,858,839        
Issuance of common stock under ATM Equity Offering, net of issuance costs 90,103   $ 1   90,102    
Preferred Stock Exchange (in shares)   50,951,250          
Preferred Stock Exchange 0 $ 5 $ (5)        
Preferred Stock Exchange (in shares)       (50,951,250)      
Other comprehensive income (loss) 435           435
Preferred stock outstanding, ending balance (in shares) at Mar. 31, 2025   50,951,250          
Common stock outstanding, ending balance (in shares) at Mar. 31, 2025     511,492,231        
Balance Ending at Mar. 31, 2025 $ 431,294 $ 5 $ 46 $ 0 1,307,930 (874,317) (2,370)
Treasury stock, ending balance (in shares) at Mar. 31, 2025       (50,951,250)      
Preferred stock outstanding, beginning balance (in shares) at Dec. 31, 2024 0 0          
Balance at Beginning at Dec. 31, 2024 $ 382,453 $ 0 $ 50 $ 0 1,198,909 (813,701) (2,805)
Common stock outstanding, beginning balance (in shares) at Dec. 31, 2024 504,453,785   504,453,785        
Treasury stock, beginning balance (in shares) at Dec. 31, 2024 0     0      
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net loss $ (127,030)            
Preferred stock outstanding, ending balance (in shares) at Jun. 30, 2025 45,951,250 45,951,250          
Common stock outstanding, ending balance (in shares) at Jun. 30, 2025 479,326,649   525,277,899        
Balance Ending at Jun. 30, 2025 $ 688,485 $ 5 $ 48 $ 0 1,628,458 (940,731) 705
Treasury stock, ending balance (in shares) at Jun. 30, 2025 (45,951,250)     (45,951,250)      
Preferred stock outstanding, beginning balance (in shares) at Mar. 31, 2025   50,951,250          
Balance at Beginning at Mar. 31, 2025 $ 431,294 $ 5 $ 46 $ 0 1,307,930 (874,317) (2,370)
Common stock outstanding, beginning balance (in shares) at Mar. 31, 2025     511,492,231        
Treasury stock, beginning balance (in shares) at Mar. 31, 2025       (50,951,250)      
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net loss (66,414)         (66,414)  
Issuance of common stock under equity plans (in shares)     3,502,374        
Issuance of common stock under equity plans 4,863   $ 1   4,862    
Stock-based compensation 18,707       18,707    
Issuance of common stock under ATM Equity Offering, net of issuance costs (in shares)     10,283,294        
Issuance of common stock under ATM Equity Offering, net of issuance costs 296,960   $ 1   296,959    
Preferred Stock Exchange (in shares)   (5,000,000)          
Preferred Stock Exchange 0            
Preferred Stock Exchange (in shares)       5,000,000      
Other comprehensive income (loss) $ 3,075           3,075
Preferred stock outstanding, ending balance (in shares) at Jun. 30, 2025 45,951,250 45,951,250          
Common stock outstanding, ending balance (in shares) at Jun. 30, 2025 479,326,649   525,277,899        
Balance Ending at Jun. 30, 2025 $ 688,485 $ 5 $ 48 $ 0 $ 1,628,458 $ (940,731) $ 705
Treasury stock, ending balance (in shares) at Jun. 30, 2025 (45,951,250)     (45,951,250)