v3.25.2
Debt - Interest Expense (FY) (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Debt Disclosure [Abstract]              
Contractual interest expense $ 250,312 $ 100,237 $ 483,084 $ 164,859 $ 474,844 $ 30,189 $ 4,914
Amortization of debt discounts and issuance costs and accretion of redemption premiums 29,036 7,547 66,727 15,605 33,376 16,533 3,803
PIK interest         0 21,621 0
Less: capitalized interest (23,186) (40,687) (36,278) (72,864) (159,017) (41,376) (343)
Total $ 256,162 $ 67,097 $ 513,533 $ 107,600 $ 349,203 $ 26,967 $ 8,374