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Condensed Consolidated Statements of Operations and Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Income Statement [Abstract]        
Revenue [1] $ 725,106 $ 265,748 $ 1,793,641 $ 1,023,433
Cost of revenue [2] 352,827 143,519 868,138 509,899
Gross profit 372,279 122,229 925,503 513,534
Selling, general and administrative expenses [3] 205,571 125,443 563,799 339,310
Distributor termination fees 246,707 0 246,707 0
(Loss) income from operations (79,999) (3,214) 114,997 174,224
Other (expense) income:        
Interest income 4,847 11,112 16,731 31,399
Interest expense (18,243) 0 (36,323) 0
Other, net [4] 5,364 277 7,022 (356)
Total other (expense) income (8,032) 11,389 (12,570) 31,043
Net (loss) income before provision for income taxes (88,031) 8,175 102,427 205,267
Provision for income taxes 27,017 (1,819) (19,167) (41,317)
Net (loss) income (61,014) 6,356 83,260 163,950
Dividends on convertible preferred stock [5] (9,657) (6,913) (23,289) (20,588)
Income allocated to participating preferred stock [5] 0 0 (5,272) (12,357)
Net (loss) income attributable to common stockholders (70,671) (557) 54,699 131,005
Other comprehensive income:        
Foreign currency translation gain, net of income tax 330 2,025 5,758 363
Comprehensive (loss) income $ (70,341) $ 1,468 $ 60,457 $ 131,368
(Loss) earnings per share:        
Basic (in USD per share) $ (0.27) $ 0.00 $ 0.22 $ 0.56
Diluted (in USD per share) $ (0.27) $ 0.00 $ 0.22 $ 0.55
Weighted average shares outstanding:        
Basic (in shares) 257,778 233,696 250,325 233,219
Diluted (in shares) 257,778 233,696 252,801 237,480
[1] Includes $257.0 million and $691.3 million for the three and nine months ended September 30, 2025, respectively, and $124.7 million and $547.8 million for
the three and nine months ended September 30, 2024, respectively, in each case from a related party.
[2] Includes $0.8 million from a related party for the three and nine months ended September 30, 2025 and no amounts from a related party for the three and nine
months ended September 30, 2024.
[3] Includes $2.4 million and $3.2 million for the three and nine months ended September 30, 2025, respectively, and $0.5 million and $1.6 million for the three
and nine months ended September 30, 2024, respectively, in each case from a related party.
[4] Includes $6.6 million from a related party for the three and nine months ended September 30, 2025 and no amounts from a related party for the three and nine
months ended September 30, 2024.
[5] Amounts in this line item are associated with a related party for all periods presented.