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Earnings (Loss) Per Share | 6 Months Ended
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Jun. 30, 2025
Earnings Per Share [Abstract] |
Earnings (Loss) Per Share | Earnings (Loss) Per Share Basic earnings (loss) per share is computed by dividing net income (loss) by the weighted average number of shares of common stock outstanding during the period. Diluted earnings per share is calculated by dividing net income by the weighted average number of common shares and potentially dilutive securities outstanding during the period, using the treasury stock method for the employee equity incentive plans and stock-based awards, and the if-converted method for the 2026 Convertible Senior Notes and 2030 Convertible Notes. If the Company reports a net loss, the computation of diluted loss per share excludes the effect of dilutive common stock equivalents, as their effect would be antidilutive. The Company computes earnings (loss) per share using the two-class method for its Class A and Class B common stock. Earnings (loss) per share is the same for both Class A and Class B common stock since they are entitled to the same liquidation and dividend rights. The following table sets forth the computation of basic and diluted loss per share for the three and six months ended June 30, 2025 and 2024 (in thousands, except for share and per share amounts):
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
Numerator: |  |  |  |  |  |  |
Net loss | $ | (22,899) |  |  | $ | (130,607) |  |  | $ | (103,590) |  |  | $ | (256,321) |
Less: Deemed dividend on Series A preferred stock | (7,602) |  |  | — |  |  | (7,602) |  |  | — |
Net loss attributable to common stockholders | $ | (30,501) |  |  | $ | (130,607) |  |  | $ | (111,192) |  |  | $ | (256,321) |
Denominator: |  |  |  |  |  |  |
Weighted average common shares outstanding—Basic and diluted | 49,087,995 |  |  | 30,242,540 |  |  | 45,608,362 |  |  | 29,274,792 |
Net loss per share attributable to common stockholders —Basic and diluted | $ | (0.62) |  |  | $ | (4.32) |  |  | $ | (2.44) |  |  | $ | (8.76) |
The following table presents the potential shares of common stock outstanding that were excluded from the computation of diluted net loss per share of common stock as of June 30, 2025 because including them would have been antidilutive or related contingencies on issuance of shares had not been met for the as of June 30, 2025:
| June 30, 2025
Warrants | 383,836 |
Stock-based awards—Equity classified | 1,943,655 |
Stock-based awards—Liability classified | 5,624,311 |
Vendor stock-in-lieu of cash program | 1,022,067 |
Series 1 Notes | 2,533,361 |
Series 2 Notes | 4,992,516 |
2026 Convertible Senior Notes | 450,037 |
Series A preferred stock | 9,336,310 |
Earn-out shares | 573,780 |
Total | 26,859,873 |

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/260/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-3 + Details
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