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CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’/ MEMBER’S EQUITY - USD ($)
$ in Thousands
Total
Common Stock
Member’s Equity
Additional Paid in Capital
Accumulated Other Comprehensive Income (Loss)
Accumulated Deficit
Beginning balance (in shares) at Dec. 31, 2023   0        
Beginning balance at Dec. 31, 2023   $ 0   $ 0    
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net loss $ (218,914)         $ (218,914)
Other comprehensive income (loss) (52)       $ (52)  
Ending balance (in shares) at Mar. 31, 2024   0        
Ending balance at Mar. 31, 2024   $ 0   0    
Members' equity, beginning balance at Dec. 31, 2023 3,646,187   $ 11,421,446   1,066 (7,776,325)
Increase (Decrease) In Member's Equity [Roll Forward]            
Net loss (218,914)         (218,914)
Stock-based compensation expense 170   170      
Contribution from member, net 312,000   312,000      
Members' equity, ending balance at Mar. 31, 2024 3,739,391   11,733,616   1,014 (7,995,239)
Beginning balance (in shares) at Dec. 31, 2023   0        
Beginning balance at Dec. 31, 2023   $ 0   0    
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net loss (1,929,939)          
Ending balance (in shares) at Sep. 30, 2024   33,203,744,000        
Ending balance at Sep. 30, 2024 2,587,636 $ 33   12,291,681 2,186 (9,706,264)
Members' equity, beginning balance at Dec. 31, 2023 3,646,187   11,421,446   1,066 (7,776,325)
Increase (Decrease) In Member's Equity [Roll Forward]            
Net loss (1,929,939)          
Beginning balance (in shares) at Mar. 31, 2024   0        
Beginning balance at Mar. 31, 2024   $ 0   0    
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net loss (1,585,337)         (1,585,337)
Stock-based compensation expense       640    
Other comprehensive income (loss) 372       372  
Ending balance (in shares) at Jun. 30, 2024   31,049,148,000        
Ending balance at Jun. 30, 2024   $ 31   12,274,286    
Members' equity, beginning balance at Mar. 31, 2024 3,739,391   11,733,616   1,014 (7,995,239)
Increase (Decrease) In Member's Equity [Roll Forward]            
Net loss (1,585,337)         (1,585,337)
Stock-based compensation expense 796   156      
Recognition of deferred tax liability in connection with the Spin-Off [1] (447,190)   (447,190)      
Reclassification of incentive plan liabilities to additional paid-in capital 54,795     54,795    
Disposal funding received in connection with the Spin-Off [1] 932,300   932,300      
Issuance of common stock in connection with the Spin-Off and reclassification of contribution from member, net (in shares) [1]   31,049,148,000        
Issuance of common stock in connection with the Spin-Off and reclassification of contribution from member, net [1] 0 $ 31 (12,218,882) 12,218,851    
Members' equity, ending balance at Jun. 30, 2024 2,695,127   $ 0   1,386 (9,580,576)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net loss (125,688)         (125,688)
Stock-based compensation expense 17,397     17,397    
Other comprehensive income (loss) 800       800  
Release of restricted stock units (in shares)   2,154,596,000        
Release of restricted stock units 0 $ 2   (2)    
Ending balance (in shares) at Sep. 30, 2024   33,203,744,000        
Ending balance at Sep. 30, 2024 2,587,636 $ 33   12,291,681 2,186 (9,706,264)
Increase (Decrease) In Member's Equity [Roll Forward]            
Net loss $ (125,688)         (125,688)
Beginning balance (in shares) at Dec. 31, 2024 33,893,409 33,893,409,000        
Beginning balance at Dec. 31, 2024 $ 2,503,405 $ 34   12,305,250 1,451 (9,803,330)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net loss (106,213)         (106,213)
Stock-based compensation expense 16,261     16,261    
Other comprehensive income (loss) 215       215  
Release of restricted stock units (in shares)   1,403,449,000        
Release of restricted stock units 0 $ 1   (1)    
Ending balance (in shares) at Mar. 31, 2025   35,296,858,000        
Ending balance at Mar. 31, 2025 2,413,668 $ 35   12,321,510 1,666 (9,909,543)
Increase (Decrease) In Member's Equity [Roll Forward]            
Net loss $ (106,213)         (106,213)
Beginning balance (in shares) at Dec. 31, 2024 33,893,409 33,893,409,000        
Beginning balance at Dec. 31, 2024 $ 2,503,405 $ 34   12,305,250 1,451 (9,803,330)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net loss $ (309,175)          
Ending balance (in shares) at Sep. 30, 2025 36,160,998 36,160,998,000        
Ending balance at Sep. 30, 2025 $ 2,239,963 $ 36   12,349,976 2,456 (10,112,505)
Increase (Decrease) In Member's Equity [Roll Forward]            
Net loss (309,175)          
Beginning balance (in shares) at Mar. 31, 2025   35,296,858,000        
Beginning balance at Mar. 31, 2025 2,413,668 $ 35   12,321,510 1,666 (9,909,543)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net loss (113,985)         (113,985)
Stock-based compensation expense 14,323     14,323    
Other comprehensive income (loss) 637       637  
Release of restricted stock units (in shares)   750,941,000        
Release of restricted stock units 0 $ 1   (1)    
Ending balance (in shares) at Jun. 30, 2025   36,047,799,000        
Ending balance at Jun. 30, 2025 2,314,643 $ 36   12,335,832 2,303 (10,023,528)
Increase (Decrease) In Member's Equity [Roll Forward]            
Net loss (113,985)         (113,985)
Net loss (88,977)         (88,977)
Stock-based compensation expense 14,144     14,144    
Other comprehensive income (loss) 153       153  
Release of restricted stock units (in shares)   113,199,000        
Release of restricted stock units $ 0 $ 0   0    
Ending balance (in shares) at Sep. 30, 2025 36,160,998 36,160,998,000        
Ending balance at Sep. 30, 2025 $ 2,239,963 $ 36   $ 12,349,976 $ 2,456 (10,112,505)
Increase (Decrease) In Member's Equity [Roll Forward]            
Net loss $ (88,977)         $ (88,977)
[1] See Note 1 — Organization And Description Of Business for more information on the Spin-Off