XML 16 R5.htm IDEA: XBRL DOCUMENT v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY - USD ($)
$ in Thousands
Total
Class A Common Stock
Class B Common Stock
Preferred Stock
Common Stock
Class A Common Stock
Common Stock
Class B Common Stock
Additional Paid-in Capital
Accumulated Deficit
Accumulated Other Comprehensive Income
Balance at the beginning (in shares) at Dec. 31, 2024       0          
Balance at the beginning at Dec. 31, 2024 $ 182,653     $ 0 $ 35 $ 3 $ 1,125,470 $ (943,060) $ 205
Balance at the beginning (in shares) at Dec. 31, 2024         361,096,457 32,535,408      
Increase (Decrease) in Stockholders' Equity                  
Issuance of Class A common stock under the Second Equity Distribution Agreement, net of issuance costs (in shares)         4,894,900        
Issuance of Class A common stock under the Second Equity Distribution Agreement, net of issuance costs 73,974       $ 1   73,973    
Issuance of Class A common stock for equity incentive awards (in shares)         6,590,898        
Issuance of Class A common stock for equity incentive awards 2,766           2,766    
Issuance of Class A common stock in connection with the exercise of warrants (in shares)         1,110        
Issuance of Class A common stock in connection with the exercise of warrants 13           13    
Issuance of Class A common stock due to settlement of contingent holdback consideration in connection with SYNQ3 Acquisition (in shares)         472,501        
Issuance of Class A common stock due to settlement of contingent holdback consideration in connection with SYNQ3 Acquisition 3,922           3,922    
Stock-based compensation 41,250           41,250    
Net income (loss) 55,208             55,208  
Other comprehensive income (27)               (27)
Balance at the end (in shares) at Jun. 30, 2025       0          
Balance at the end at Jun. 30, 2025 359,759     $ 0 $ 36 $ 3 1,247,394 (887,852) 178
Balance at the end (in shares) at Jun. 30, 2025         373,055,866 32,535,408      
Balance at the beginning (in shares) at Mar. 31, 2025       0          
Balance at the beginning at Mar. 31, 2025 396,993     $ 0 $ 36 $ 3 1,209,871 (813,128) 211
Balance at the beginning (in shares) at Mar. 31, 2025         368,869,290 32,535,408      
Increase (Decrease) in Stockholders' Equity                  
Issuance of Class A common stock under the Second Equity Distribution Agreement, net of issuance costs (in shares)         646,000        
Issuance of Class A common stock under the Second Equity Distribution Agreement, net of issuance costs 7,691           7,691    
Issuance of Class A common stock for equity incentive awards (in shares)         3,068,075        
Issuance of Class A common stock for equity incentive awards 2,100           2,100    
Issuance of Class A common stock due to settlement of contingent holdback consideration in connection with SYNQ3 Acquisition (in shares)         472,501        
Issuance of Class A common stock due to settlement of contingent holdback consideration in connection with SYNQ3 Acquisition 3,922           3,922    
Stock-based compensation 23,810           23,810    
Net income (loss) (74,724)             (74,724)  
Other comprehensive income (33)               (33)
Balance at the end (in shares) at Jun. 30, 2025       0          
Balance at the end at Jun. 30, 2025 $ 359,759     $ 0 $ 36 $ 3 1,247,394 (887,852) 178
Balance at the end (in shares) at Jun. 30, 2025         373,055,866 32,535,408      
Balance at the beginning (in shares) at Dec. 31, 2025 0     0          
Balance at the beginning at Dec. 31, 2025 $ 463,786     $ 0 $ 37 $ 3 1,420,672 (957,066) 140
Balance at the beginning (in shares) at Dec. 31, 2025   390,070,691 32,535,408   390,070,691 32,535,408      
Increase (Decrease) in Stockholders' Equity                  
Issuance of Class A common stock under the Second Equity Distribution Agreement, net of issuance costs (in shares)         6,232,900        
Issuance of Class A common stock under the Second Equity Distribution Agreement, net of issuance costs 47,462       $ 1   47,461    
Issuance of Class A common stock for equity incentive awards (in shares)         6,736,748        
Issuance of Class A common stock for equity incentive awards 3,923           3,923    
Issuance of Class A common stock due to settlement of contingent holdback consideration in connection with SYNQ3 Acquisition (in shares)         246,761        
Issuance of Class A common stock due to settlement of contingent holdback consideration in connection with SYNQ3 Acquisition 2,028           2,028    
Stock-based compensation 41,057           41,057    
Net income (loss) (67,845)             (67,845)  
Other comprehensive income $ 19               19
Balance at the end (in shares) at Jun. 30, 2026 0     0          
Balance at the end at Jun. 30, 2026 $ 490,430     $ 0 $ 38 $ 3 1,515,141 (1,024,911) 159
Balance at the end (in shares) at Jun. 30, 2026   403,287,100 32,535,408   403,287,100 32,535,408      
Balance at the beginning (in shares) at Mar. 31, 2026       0          
Balance at the beginning at Mar. 31, 2026 460,666     $ 0 $ 37 $ 3 1,442,560 (982,094) 160
Balance at the beginning (in shares) at Mar. 31, 2026         393,742,421 32,535,408      
Increase (Decrease) in Stockholders' Equity                  
Issuance of Class A common stock under the Second Equity Distribution Agreement, net of issuance costs (in shares)         6,232,900        
Issuance of Class A common stock under the Second Equity Distribution Agreement, net of issuance costs 47,462       $ 1   47,461    
Issuance of Class A common stock for equity incentive awards (in shares)         3,311,779        
Issuance of Class A common stock for equity incentive awards 3,527           3,527    
Stock-based compensation 21,593           21,593    
Net income (loss) (42,817)             (42,817)  
Other comprehensive income $ (1)               (1)
Balance at the end (in shares) at Jun. 30, 2026 0     0          
Balance at the end at Jun. 30, 2026 $ 490,430     $ 0 $ 38 $ 3 $ 1,515,141 $ (1,024,911) $ 159
Balance at the end (in shares) at Jun. 30, 2026   403,287,100 32,535,408   403,287,100 32,535,408