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Net Loss Per Share (Tables)

9 Months Ended

Sep. 30, 2025

Earnings Per Share [Abstract]

Schedule of Computation of Basic and Diluted Net Loss Per Share

The following table summarizes the computation of basic and diluted net loss per share attributable to common stockholders of the Company for the three months ended September 30, 2025 and 2024, and the nine months ended September 30, 2025 and 2024:

		For the Three Months Ended September 30,								For the Nine Months Ended September 30,
		2025				2024				2025				2024
Numerator:
Consolidated net loss		$	(133,412	)		$	(40,790	)		$	(257,283	)		$	(147,014	)
Less: Accretion of dividends of Series C Preferred Stock			2,298				5,354				13,240				15,869
Less: Accretion of dividends of Series D-1 Preferred Stock			4,524				—				21,989				—
Less: Accretion of dividends of Series D-3 Preferred Stock			128				—				394				—
Net loss available to common stockholders		$	(140,362	)		$	(46,144	)		$	(292,906	)		$	(162,883	)
Denominator:
Weighted average common shares outstanding – basic and diluted			93,849				12,924				40,389				12,728
Net loss per share attributable to common stockholders – basic and diluted		$	(1.50	)		$	(3.57	)		$	(7.25	)		$	(12.80	)

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

A summary of the total number of securities excluded from diluted net loss per share that could be potentially dilutive in the future is as follows:

		September 30, 2025				September 30, 2024
Convertible Series Seed Preferred Stock			—				2,023
Convertible Series Seed-1 Preferred Stock			—				3,273
Convertible Series A Preferred Stock			—				6,005
Convertible Series B Preferred Stock			—				5,869
Convertible Series C Preferred Stock			—				11,159
Convertible Series M Preferred Stock			—				2,812
Series J Warrants			646				646
Stock options			15,500				14,125
Restricted stock units			2,959				—
Total			19,105				45,912

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- References

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- Definition

Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-1

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- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-1

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