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Net Loss per Share (Tables)
 12 Months Ended
Dec. 31, 2025
Earnings Per Share [Abstract]  
Schedule of Basic and Diluted Earnings Per Share

The following table sets forth reconciliations of the numerators and denominators used to compute basic and diluted net loss per share of Class A Common Stock (in thousands, except share data):

 

 

 

Year Ended December 31,

 

 

 

2025

 

 

2024

 

 

2023

 

Numerator

 

 

 

 

 

 

 

 

 

Net loss before allocation to noncontrolling interest

 

$

(461,011

)

 

$

(526,330

)

 

$

(222,677

)

Net loss attributable to the noncontrolling interest

 

 

(119,071

)

 

 

(226,247

)

 

 

(135,116

)

Net loss attributable to common stockholders - basic and diluted

 

$

(341,940

)

 

$

(300,083

)

 

$

(87,561

)

Denominator

 

 

 

 

 

 

 

 

 

Weighted-average number of shares of Class A Common Stock outstanding - basic and diluted

 

 

253,502,780

 

 

 

154,501,344

 

 

 

81,824,122

 

Weighted-average number of penny warrants - basic and diluted

 

 

2,479,812

 

 

 

-

 

 

 

-

 

Weighted-average number of shares - basic and diluted

 

 

255,982,592

 

 

 

154,501,344

 

 

 

81,824,122

 

Net loss per share attributable to holders of Class A Common Stock - basic and diluted

 

$

(1.34

)

 

$

(1.94

)

 

$

(1.07

)