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Stockholders’ Equity (Deficit)
9 Months Ended
Sep. 30, 2025
Equity [Abstract]  
Stockholders’ Equity (Deficit) Stockholders’ Equity (Deficit)
Stock Repurchase Program
In March 2025, the Company’s Board of Directors (the “Board”) authorized a stock repurchase program to allow for the repurchase of up to $500,000 of shares of the Company’s common stock for the period from March 7, 2025, to March 6, 2027 (the “Stock Repurchase Program”). During the three months ended September 30, 2025, the Company repurchased and retired 9,133,332 shares of the Company’s common stock for an aggregate purchase price of $156,379, which equates to an average price of $17.12 per share. During the nine months ended September 30, 2025, the Company repurchased and retired 25,129,289 shares of the Company’s common stock for an aggregate purchase price of $450,506, which equates to an average price of $17.93 per share. As of September 30, 2025, the Company had an aggregate of $49,494 authorized and remaining under the Stock Repurchase Program.
The Company may repurchase shares of the Company’s common stock in privately negotiated or open market transactions, including under plans complying with Rule 10b5-1 under the Securities Exchange Act of 1934, as amended. The amount and timing of any repurchases will depend on a number of factors including the price and availability of the Company's common stock, trading volume, and general market conditions.
Treasury Stock
During the third quarter of 2025, the Board determined that all previously recognized net settlement of equity awards should be recognized to additional paid-in capital. The Company adjusted treasury stock to additional paid-in capital in the condensed consolidated statements of stockholders’ equity (deficit) and the condensed consolidated balance sheets to give effect to the change.