v3.25.2
Net Loss Per Share Attributable to Common Stockholders - Schedule of Calculation of Basic and Diluted Net Loss per Share (Q2) (Details) - USD ($)
$ / shares in Units, shares in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2025
Mar. 31, 2025
Jun. 30, 2024
Mar. 31, 2024
Jun. 30, 2025
Jun. 30, 2024
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Numerator:                  
Net loss $ (290,509,000) $ (314,641,000) $ (323,021,000) $ (129,248,000) $ (605,150,000) $ (452,269,000) $ (863,448,000) $ (593,748,000) $ (31,055,000)
Dividends and accretion on Series C redeemable convertible preferred stock 0   (15,596,000)   (28,722,000) (15,596,000) (74,317,000) 0 0
Net loss attributable to common stockholders, basic (290,509,000)   (338,617,000)   (633,872,000) (467,865,000) (937,765,000) (593,748,000) (31,055,000)
Change in fair value of common stock warrants 0   0   (26,845,000) 0      
Net loss attributable to common stockholders, diluted $ (290,509,000)   $ (338,617,000)   $ (660,717,000) $ (467,865,000) $ (937,765,000) $ (593,748,000) $ (31,055,000)
Denominator:                  
Weighted-average shares used in computing net loss per share attributable to common stockholders, basic (in shares) 486,591   209,626   366,765 209,560 217,854 192,164 180,632
Effect of dilutive securities - Common stock warrants (in shares) 0   0   1,842 0      
Weighted-average shares used in computing net loss attributable to common stockholders, diluted (in shares) 486,591   209,626   368,607 209,560 217,854 192,164 180,632
Net loss per share attributable to common stockholders, basic (in usd per share) $ (0.6)   $ (1.62)   $ (1.73) $ (2.23) $ (4.3) $ (3.09) $ (0.17)
Net loss per share attributable to common stockholders, diluted (in usd per share) $ (0.6)   $ (1.62)   $ (1.79) $ (2.23) $ (4.3) $ (3.09) $ (0.17)