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v3.25.4

Summary of Significant Accounting Policies - Schedule of Components of Basic and Diluted Weighted-average Shares (Details) - USD ($) shares in Thousands, $ in Thousands | 12 Months Ended
--- | ---
Dec. 31, 2025 | Dec. 31, 2024 | Dec. 31, 2023
Numerator (for basic and diluted earnings per share) |  |  |
Net income (loss) | $ (100,877) | $ 146,218 | $ (947,784)
Less income allocated to RSUs, basic | 0 | (709) | 0
Less income allocated to RSUs, diluted | 0 | (709) | 0
Less preferred stock dividends | 63,583 | 58,615 | 50,305
Numerator for basic earnings per share | (164,460) | 86,894 | (998,089)
Numerator for diluted earnings per share | $ (164,460) | $ 86,894 | $ (998,089)
Denominator |  |  |
Basic weighted-average shares outstanding (in shares) | 88,024 | 85,738 | 84,266
Effect of dilutive securities (in shares) | 0 | 329 | 0
Diluted weighted-average shares outstanding (in shares) | 88,024 | 86,067 | 84,266

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