XML 17 R6.htm IDEA: XBRL DOCUMENT v3.25.4
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY - USD ($)
shares in Thousands, $ in Thousands
Total
Series B Convertible Perpetual Preferred Stock
Common stock
Additional paid-in capital
Accumulated other comprehensive income/(loss)
Accumulated deficit
Beginning balance (in shares) at Dec. 31, 2022     163,550      
Beginning balance at Dec. 31, 2022 $ 510,883   $ 164 $ 753,885 $ (641) $ (242,525)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Forfeiture of restricted stock (in shares)     (1)      
Share repurchase (in shares)     (187)      
Share repurchase (1,370)     (1,370)    
Equity-based compensation (in shares)     917      
Equity-based compensation 11,829     11,829    
Unrealized gain (loss) on available for sale debt securities 623       623  
Cumulative translation adjustment (14)       (14)  
Net loss (101,715)         (101,715)
Ending balance (in shares) at Dec. 31, 2023     164,279      
Ending balance at Dec. 31, 2023 420,236   $ 164 764,344 (32) (344,240)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Issuance of Common Stock (in shares)     8,545      
Issuance of Common Stock 38,725   $ 9 38,716    
Share repurchase (in shares)     (235)      
Share repurchase (1,618)     (1,618)    
Equity-based compensation (in shares)     977      
Equity-based compensation 11,808   $ 1 11,807    
Reclassification of liability classified warrants to equity 324     324    
Unrealized gain (loss) on available for sale debt securities 18       18  
Cumulative translation adjustment 92       92  
Net loss $ (289,136)         (289,136)
Ending balance (in shares) at Dec. 31, 2024 0 0        
Ending balance at Dec. 31, 2024 $ 0 $ 0        
Ending balance (in shares) at Dec. 31, 2024 173,566   173,566      
Ending balance at Dec. 31, 2024 $ 180,449   $ 174 813,573 78 (633,376)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Issuance of Series B Convertible Perpetual Preferred Stock   $ 300,000        
Issuance of Series B Convertible Perpetual Preferred Stock (Shares)   300        
Accrued dividends on Series B Convertible Perpetual Preferred Stock   $ 11,324        
Accrued dividends on Series B Convertible Perpetual Preferred Stock (11,324)     (11,324)    
Series B Convertible Perpetual Preferred Stock issuance costs   $ (6,623)        
Issuance of Common Stock (in shares)     4,091      
Issuance of Common Stock 33,462   $ 4 33,458    
Warrants exercised (in shares)     1,617      
Warrants exercised 15,968   $ 1 15,967    
Share repurchase (in shares)     (457)      
Share repurchase (4,928)     (4,928)    
Equity-based compensation (in shares)     1,464      
Equity-based compensation 14,935   $ 1 14,934    
Reclassification of warrant liability to equity 273     273    
Unrealized gain (loss) on available for sale debt securities 4       4  
Cumulative translation adjustment (387)       (387)  
Net loss $ (182,565)         (182,565)
Ending balance (in shares) at Dec. 31, 2025 300 300        
Ending balance at Dec. 31, 2025 $ 304,701 $ 304,701        
Ending balance (in shares) at Dec. 31, 2025 180,281   180,281      
Ending balance at Dec. 31, 2025 $ 45,887   $ 180 $ 861,953 $ (305) $ (815,941)