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NET LOSS PER SHARE (Tables)
9 Months Ended
Sep. 30, 2025
Earnings Per Share [Abstract]  
Computation of basic and diluted earnings per share
The following table sets forth the computation of net loss used to compute basic net loss per share of Class A Common Stock for the three and nine months ended September 30, 2025 and September 30, 2024.
Three Months Ended September 30,Nine Months Ended September 30,
2025202420252024
Basic and diluted:
Net loss$(174,696)$(85,474)$(179,329)$(34,804)
Less: Net income attributable to non-controlling interest— 43,414 — 18,414 
Net loss attributable to Class A Common shareholders$(174,696)$(42,060)$(179,329)$(16,390)
Plus: adjustment due to net effect of equity awards, warrant revaluation, Exchangeable Notes and Class B units to net loss — — — — 
Net loss attributable to Class A Common shareholders after adjustment$(174,696)$(42,060)$(179,329)$(16,390)
Weighted average common shares outstanding used in computing net loss per share - basic110,264,531 38,212,440 105,280,363 28,109,632 
Plus: net effect of dilutive equity awards, Exchangeable Notes and Class B units— — — — 
Weighted average common shares outstanding used in computing net loss per share - diluted110,264,531 38,212,440 105,280,363 28,109,632 
Net loss per share—basic$(1.58)$(1.10)$(1.70)$(0.58)
Net loss per share—diluted$(1.58)$(1.10)$(1.70)$(0.58)
Antidilutive shares excluded from calculation
The following securities were not included in the calculation of net loss per diluted share because their effects were anti-dilutive:
Three Months Ended September 30,Nine Months Ended September 30,
2025202420252024
Potentially dilutive securities:
Warrants3,236,509 22,415,200 3,236,509 22,415,200 
Earnout consideration shares— 7,500,000 — 7,500,000 
Equity awards332,750 5,978 2,479,118 80,978