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CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($)
$ in Thousands
Total
Common Stock
Additional Paid-in Capital
Accumulated Other Comprehensive (Loss) Income
Retained Earnings (Accumulated Deficit)
Beginning balance at Dec. 31, 2023 $ 5,189,837 $ 224 $ 5,016,122 $ 13,106 $ 160,385
Increase (Decrease) in Stockholders' Equity          
Issuance of shares of Common Stock upon exercise of stock options and settlement of employee restricted stock units, net of shares withheld for taxes (5,697)   (5,697)    
Issuance of shares of Common Stock for services rendered 80   80    
Stock compensation 59,781   59,781    
Other comprehensive income (loss) (19,278)     (19,278)  
Net income (loss) 169,548       169,548
Ending balance at Mar. 31, 2024 5,394,271 224 5,070,286 (6,172) 329,933
Beginning balance at Dec. 31, 2023 5,189,837 224 5,016,122 13,106 160,385
Increase (Decrease) in Stockholders' Equity          
Other comprehensive income (loss) 2,549        
Net income (loss) (168,597)        
Ending balance at Sep. 30, 2024 3,171,220 192 4,429,466 15,655 (1,274,093)
Beginning balance at Mar. 31, 2024 5,394,271 224 5,070,286 (6,172) 329,933
Increase (Decrease) in Stockholders' Equity          
Issuance of shares of Common Stock upon exercise of stock options and settlement of employee restricted stock units and performance shares, net of shares withheld for taxes and shares of Common Stock under the ESPP 13,792   13,792    
Issuance of shares of Common Stock for services rendered 80   80    
Stock compensation 56,637   56,637    
Repurchases of Common Stock (2,023,872) (33) (758,061)   (1,265,778)
Other comprehensive income (loss) 752     752  
Net income (loss) (444,601)       (444,601)
Ending balance at Jun. 30, 2024 2,997,059 191 4,382,734 (5,420) (1,380,446)
Increase (Decrease) in Stockholders' Equity          
Issuance of shares of Common Stock upon exercise of stock options and settlement of employee restricted stock units, net of shares withheld for taxes (31,269) 1 (31,270)    
Issuance of shares of Common Stock for services rendered 80   80    
Stock compensation 77,922   77,922    
Repurchases of Common Stock (103)       (103)
Other comprehensive income (loss) 21,075     21,075  
Net income (loss) 106,456       106,456
Ending balance at Sep. 30, 2024 3,171,220 192 4,429,466 15,655 (1,274,093)
Beginning balance at Dec. 31, 2024 3,447,628 [1] 193 4,533,437 (13,121) (1,072,881)
Increase (Decrease) in Stockholders' Equity          
Issuance of shares of Common Stock upon exercise of stock options and settlement of employee restricted stock units, net of shares withheld for taxes (6,215)   (6,215)    
Issuance of shares of Common Stock for services rendered 82   82    
Stock compensation 60,982   60,982    
Other comprehensive income (loss) 6,883     6,883  
Net income (loss) 158,203       158,203
Ending balance at Mar. 31, 2025 3,667,563 193 4,588,286 (6,238) (914,678)
Beginning balance at Dec. 31, 2024 3,447,628 [1] 193 4,533,437 (13,121) (1,072,881)
Increase (Decrease) in Stockholders' Equity          
Other comprehensive income (loss) 27,676        
Net income (loss) 987,371        
Ending balance at Sep. 30, 2025 4,651,194 196 4,721,953 14,555 (85,510)
Beginning balance at Mar. 31, 2025 3,667,563 193 4,588,286 (6,238) (914,678)
Increase (Decrease) in Stockholders' Equity          
Issuance of shares of Common Stock upon exercise of stock options and settlement of employee restricted stock units and performance shares, net of shares withheld for taxes and shares of Common Stock under the ESPP 13,973 1 13,972    
Issuance of shares of Common Stock for services rendered 82   82    
Stock compensation 64,609   64,609    
Other comprehensive income (loss) 19,677     19,677  
Net income (loss) 404,999       404,999
Ending balance at Jun. 30, 2025 4,170,903 194 4,666,949 13,439 (509,679)
Increase (Decrease) in Stockholders' Equity          
Issuance of shares of Common Stock upon exercise of stock options and settlement of employee restricted stock units, net of shares withheld for taxes (6,674) 2 (6,676)    
Issuance of shares of Common Stock for services rendered 82   82    
Stock compensation 61,598   61,598    
Other comprehensive income (loss) 1,116     1,116  
Net income (loss) 424,169       424,169
Ending balance at Sep. 30, 2025 $ 4,651,194 $ 196 $ 4,721,953 $ 14,555 $ (85,510)
[1] The condensed consolidated balance sheet at December 31, 2024 has been derived from the audited consolidated financial statements at that date.