v3.25.3
CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (DEFICIT) - USD ($)
$ in Thousands
Class A and B Common Stock
Additional Paid-In Capital
Accumulated Other Comprehensive Income (Loss)
Accumulated Earnings (Deficit)
Treasury Stock
Noncontrolling Interests
Redeemable Noncontrolling Interests
Total
Balance at Dec. 31, 2023 $ 271 $ 8,301,979 $ (160,056) $ 11,737,983   $ 69,733 $ 438,382 $ 19,949,910
Increase (Decrease) in Stockholders' Equity                
Issuance of Class A common stock   (160)           (160)
Non-cash, stock-based compensation   9,058           9,058
Other comprehensive income (loss)     (4,548)     (1,119)   (5,667)
Purchase of SNR Management's ownership interest in SNR HoldCo             (441,998)  
Net income (loss) attributable to noncontrolling interests           (4,615) $ 3,616 (4,615)
Net Income (Loss)       (107,376)       (107,376)
Balance at Mar. 31, 2024 271 8,310,877 (164,604) 11,630,607   63,999   19,841,150
Increase (Decrease) in Stockholders' Equity                
Issuance of Class A common stock   1,992           1,992
Sale of Assets to CONX, net of deferred taxes   3,376           3,376
Non-cash, stock-based compensation   10,635           10,635
Other comprehensive income (loss)     (14,522)     (3,222)   (17,744)
Net income (loss) attributable to noncontrolling interests           (1,867)   (1,867)
Net Income (Loss)       (205,591)       (205,591)
Balance at Jun. 30, 2024 271 8,326,880 (179,126) 11,425,016   58,910   19,631,951
Increase (Decrease) in Stockholders' Equity                
Issuance of Class A common stock   2,515           2,515
Non-cash, stock-based compensation   8,605           8,605
Other comprehensive income (loss)     1,362     451   1,813
Net income (loss) attributable to noncontrolling interests           (1,989)   (1,989)
Net Income (Loss)       (141,812)       (141,812)
Other   (789)           (789)
Balance at Sep. 30, 2024 271 8,337,211 (177,764) 11,283,204   57,372   19,500,294
Balance at Dec. 31, 2024 286 8,768,360 (195,711) 11,618,437   53,853   20,245,225
Increase (Decrease) in Stockholders' Equity                
Issuance of Class A common stock   2,534           2,534
Non-cash, stock-based compensation   7,609           7,609
Other comprehensive income (loss)     7,846     1,802   9,648
Net income (loss) attributable to noncontrolling interests           (612)   (612)
Net Income (Loss)       (202,669)       (202,669)
Other   955           955
Balance at Mar. 31, 2025 286 8,779,458 (187,865) 11,415,768   55,043   20,062,690
Increase (Decrease) in Stockholders' Equity                
Issuance of Class A common stock 1 21,292           21,293
Non-cash, stock-based compensation   8,514           8,514
Other comprehensive income (loss)     4,684     1,157   5,841
Net income (loss) attributable to noncontrolling interests           (712)   (712)
Net Income (Loss)       (306,132)       (306,132)
Balance at Jun. 30, 2025 287 8,809,264 (183,181) 11,109,636   55,488   19,791,494
Increase (Decrease) in Stockholders' Equity                
Issuance of Class A common stock 3 28,850           28,853
Non-cash, stock-based compensation   11,871           11,871
Other comprehensive income (loss)     4,402     111   4,513
Class A common stock repurchases, at cost         $ (48,512)     (48,512)
Net income (loss) attributable to noncontrolling interests           (152)   (152)
Net Income (Loss)       (12,781,196)       (12,781,196)
Balance at Sep. 30, 2025 $ 290 $ 8,849,985 $ (178,779) $ (1,671,560) $ (48,512) $ 55,447   $ 7,006,871