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All derivative instruments are recognized on the condensed consolidated balance sheets at fair value in accordance with Accounting Standards Codification (“ASC”) 815, <span style="font-style: italic;">Derivatives and Hedging </span>(“ASC 815”). The Company's interest rate swaps and foreign currency forward contracts are classified within Level 2 as the valuation inputs are based on quoted prices and market observable data of similar instruments in active markets, such as currency spot and forward rates. The Company does </div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6.75pt; margin-left: 0pt; text-align: justify;">not enter into derivatives for trading or speculative purposes. However, certain debt and equity financing transactions are derivatives in their entirety or include embedded features that are bifurcated and accounted for as embedded derivatives. 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Cash flows associated with derivatives that are not designated for special hedge accounting are classified as operating activities, while those cash flows from interest rate swaps that are designated cash flow hedges are classified as financing activities. </div> <div class="BRDSX_h4" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; margin-top: 18pt; margin-left: 20pt; text-align: left;">Interest Rate Swaps </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">The Company enters into interest rate swaps to hedge the variability of cash flows related to interest payments on variable-rate debt. 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<div class="BRDSX_h3" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; font-weight: bold; margin-top: 18.5pt; margin-left: 20pt; text-align: left;">Segment Information </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">The Company’s chief operating decision maker (“CODM”), the chief executive officer, reviews discrete financial information presented on a consolidated basis for purposes of regularly making operating decisions, allocation of resources, and assessing financial performance. The Company operates its business in one operating segment and, therefore, has one reportable segment. </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6.75pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">The CODM uses consolidated net loss to measure segment profit or loss in order to identify underlying trends in the performance of the business for purposes of allocating resources and evaluating financial performance. The Company’s objective in making resource allocation decisions is to optimize the consolidated financial results. Significant segment expenses that the CODM reviews and utilizes to manage the Company’s operations are cost of revenue, technology and infrastructure, sales and marketing, and general and administrative expenses at the consolidated level, which are presented in the Company’s condensed consolidated statements of operations. Other segment items included in consolidated net loss include gain (loss) on fair value adjustments, interest expense, net, other income (expense), net, and provision for (benefit from) income taxes, which are presented in the Company’s condensed consolidated statements of operations. </div>

<div class="BRDSX_h3" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; font-weight: bold; margin-top: 20pt; margin-left: 20pt; text-align: left;">Recent Accounting Pronouncements Not Yet Adopted </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">In December 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2023-09, <span style="font-style: italic;">Income Taxes (Topic 740): Improvements to Income Tax Disclosures</span>, which improves the transparency of income tax disclosures by requiring (1) consistent categories and greater disaggregation of information in the effective tax rate reconciliation and (2) income taxes paid disaggregated by jurisdiction. It also includes certain other amendments to improve the effectiveness of income tax disclosures. This guidance will be effective for annual periods beginning after December 15, 2024. Early adoption is permitted. Upon adoption, the guidance can be applied prospectively or retrospectively. The Company is currently evaluating the impact this amended guidance may have on its consolidated financial statements. </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">In November 2024, the FASB issued ASU No. 2024-03, <span style="font-style: italic;">Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses</span>, which requires more detailed disclosures, on an annual and interim basis, about specified categories of expenses (including employee compensation, depreciation, and amortization) included in certain expense captions presented on the consolidated statements of operations. This guidance as further clarified through ASU No. 2025-01, <span style="font-style: italic;">Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures (Subtopic 220-40)</span> will be effective for annual periods beginning after December 15, 2026, and for interim periods within fiscal years beginning after December 15, 2027. Early adoption is permitted. Upon adoption, the guidance can be applied either prospectively or retrospectively. The Company is currently evaluating the impact this amended guidance may have on its consolidated financial statements. </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">In May 2025, the FASB issued ASU No. 2025-03, <span style="font-style: italic;">Business Combinations (Topic 805) and Consolidation (Topic 810): Determining the Accounting Acquirer in the Acquisition of a Variable Interest Entity</span>, which provides clarifying guidance on determining the accounting acquirer in certain transactions involving VIEs. The update aims to improve consistency and comparability in financial reporting. The guidance will be effective for annual periods beginning after December 15, 2026, including interim periods within those annual periods. Early adoption is permitted. Upon adoption, the guidance will be applied prospectively. The Company is currently evaluating the impact this amended guidance may have on its consolidated financial statements. </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">In May 2025, the FASB issued ASU No. 2025-04, <span style="font-style: italic;">Compensation—Stock Compensation (Topic 718) and Revenue from Contracts with Customers (Topic 606): Clarifications to Share-Based Consideration Payable to a Customer</span>, to reduce diversity in practice and improve the decision usefulness and operability of the guidance for share-based consideration payable to a customer in conjunction with selling goods and services. The guidance will be effective for annual periods beginning after December 15, 2026, including interim periods within those annual periods. Early adoption is permitted. Updates are to be applied on a retrospective, or modified retrospective basis. The Company is currently evaluating the impact this amended guidance may have on its consolidated financial statements. </div>

<div class="BRDSX_h2" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 20pt; margin-left: 0pt; text-align: left;">2. Revenue </div> <div class="BRDSX_h3" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; font-weight: bold; margin-top: 7pt; margin-left: 20pt; text-align: left;">Disaggregation of Revenue </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">The Company primarily generates its revenue through providing cloud computing services, which include both committed contracts and on-demand services. Revenue recognized related to customer commitments, including revenue from delivering capacity prior to commitment start dates, represented 98% and 96% of total revenue for the three months ended June 30, 2025 and 2024, respectively, and 98% and 95% of total revenue for the six months ended June 30, 2025 and 2024, respectively. </div> <div class="BRDSX_h3" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; font-weight: bold; margin-top: 6.75pt; margin-left: 20pt; text-align: left;">Significant Customers </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 7pt; margin-left: 0pt; text-indent: 20pt; text-align: left;">The following customers accounted for 10% or more of the Company’s revenue for the periods presented: </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: left;"> <br/></div> <table cellpadding="0" cellspacing="0" class="BRDSX_fintab" style="width: 468pt; margin-left: auto; margin-right: auto; border-spacing: 0;"> <tr class="BRDSX_boxspacer"> <td style="height: 6pt; width: 240pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td colspan="4" style="height: 6pt; width: 109.32pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td colspan="4" style="height: 6pt; width: 99.7pt;"> <div style="font-size: 1pt;"> </div> </td> </tr> <tr class="BRDSX_header"> <td style="width: 240pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"> </div> </td> <td style="width: 4.75pt; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td colspan="4" style="width: 109.32pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Three Months Ended June 30,</div> </td> <td style="width: 4.75pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td colspan="4" style="width: 99.7pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Six Months Ended June 30, </div> </td> </tr> <tr class="BRDSX_header"> <td style="width: 240pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"> </div> </td> <td style="width: 4.75pt; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 49.91pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2025</div> </td> <td style="width: 4.75pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 49.91pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2024</div> </td> <td style="width: 4.75pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45.1pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2025</div> </td> <td style="width: 4.75pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45.1pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2024 </div> </td> </tr> <tr> <td style="width: 240pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Customer A</div> </td> <td style="width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 49.91pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 19.96pt; text-align: left;">71%</div> </td> <td style="width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 49.91pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 19.97pt; text-align: left;">59%</div> </td> <td style="width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45.1pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 17.56pt; text-align: left;">72%</div> </td> <td style="width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45.1pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 17.56pt; text-align: left;">51% </div> </td> </tr> <tr> <td style="width: 240pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Customer B</div> </td> <td style="width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 49.91pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 19.96pt; text-align: left;"><span style="padding-left: 10pt;">*</span></div> </td> <td style="width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 49.91pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 19.97pt; text-align: left;">20%</div> </td> <td style="width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45.1pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 17.56pt; text-align: left;"><span style="padding-left: 10pt;">*</span></div> </td> <td style="width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45.1pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 17.56pt; text-align: left;">24% </div> </td> </tr> <tr> <td style="width: 240pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Customer C</div> </td> <td style="width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 49.91pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 19.96pt; text-align: left;"><span style="padding-left: 10pt;">*</span></div> </td> <td style="width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 49.91pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 19.97pt; text-align: left;"><span style="padding-left: 10pt;">*</span></div> </td> <td style="width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45.1pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 17.56pt; text-align: left;"><span style="padding-left: 10pt;">*</span></div> </td> <td style="width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45.1pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 17.56pt; text-align: left;"><span style="padding-left: 10pt;">* </span></div> </td> </tr> <tr> <td style="width: 240pt; padding-top: 1.01pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Customer D</div> </td> <td style="width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 49.91pt; padding-top: 1.01pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 19.96pt; text-align: left;"><span style="padding-left: 10pt;">*</span></div> </td> <td style="width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 49.91pt; padding-top: 1.01pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 19.97pt; text-align: left;"><span style="padding-left: 10pt;">*</span></div> </td> <td style="width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45.1pt; padding-top: 1.01pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 17.56pt; text-align: left;"><span style="padding-left: 10pt;">*</span></div> </td> <td style="width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45.1pt; padding-top: 1.01pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 17.56pt; text-align: left;"><span style="padding-left: 10pt;">*</span></div> </td> </tr> <tr class="BRDSX_boxspacer"> <td style="height: 2.75pt; width: 240pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 49.91pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 49.91pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 45.1pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 45.1pt;"> <div style="font-size: 1pt;"> </div> </td> </tr> </table> <div class="BRDSX_rule-partial" style="height: 0pt; width: 72pt; border-bottom: 1pt solid #000000; margin-bottom: 1pt; margin-right: auto; margin-left: 0pt; margin-top: 8.75pt;"> <br/></div> <table border="0" cellpadding="0" cellspacing="0" style="margin-top: 3pt; margin-left: 0pt; border-spacing: 0;"> <tr> <td style="width: 20pt; text-align: left; vertical-align: top;"> <div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt;">*<br/> </div> </td> <td style="vertical-align: top;"> <div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; text-align: left;">Customer did not represent 10% or more of revenue. </div> </td> </tr> </table> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">The customer references of A through D may represent different customers than those reported in a previous period. </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">Customer A, C, and D accounted for 39%, 25%, and 25% of accounts receivable, net, respectively, as of June 30, 2025. Customer A accounted for 66% of accounts receivable, net as of December 31, 2024. </div> <div class="BRDSX_h3" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; font-weight: bold; margin-top: 14pt; margin-left: 20pt; text-align: left;">Strategic Customer Agreement </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">In March 2025, the Company entered into a commercial agreement (the “Commercial Agreement”) with OpenAI OpCo, LLC (“OpenAI”), pursuant to which the Company provides OpenAI access to cloud computing capacity through fulfillment of reserved capacity orders submitted to the Company by OpenAI. As of June 30, 2025, subject to the satisfaction of delivery and availability of service requirements, OpenAI has committed to pay the Company up to $11.9 billion through October 2030. In the event of the Company’s repeated failure to meet availability of service requirements, OpenAI has the right to terminate all or a portion of the committed amount. Under the outstanding order submitted pursuant to the Commercial Agreement, the Company has established a special purpose vehicle that will hold the infrastructure, and the Company intends for the special purpose vehicle to incur indebtedness to finance its obligations under the Commercial Agreement. Upon an event of default, OpenAI has a lien and security interest in the equity of the special purpose vehicle. As part of the Commercial Agreement, the Company issued 8,750,000 shares of its Class A common stock in connection with the IPO in March 2025, having an aggregate value of $350 million at the time of issuance based on a price per share equal to the IPO price. </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">The Company accounted for the $350 million as a contra-revenue asset. As of June 30, 2025, the Company classified $41 million as short-term included in prepaid expenses and other current assets on the condensed consolidated balance sheets and $309 million as long-term included in other non-current assets on the condensed consolidated balance sheets. Revenue will be recognized net of the contra-revenue asset amount over time as the Company provides the related cloud computing services. </div> <div class="BRDSX_h3" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; font-weight: bold; margin-top: 14pt; margin-left: 20pt; text-align: left;">Contract Balances </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">The timing of revenue recognition, billings and cash collections result in accounts receivable and deferred revenue. A receivable is recorded at the invoice amount, net of an allowance for credit losses, and is recognized in the period when the Company has the right to invoice its customers and when its right to consideration is unconditional. Payment terms and conditions vary by contract type, although terms generally include a requirement of payment within 60 days. On occasion, the Company has granted payment terms of up to 360 days. In instances where the timing of revenue recognition differs from the timing of payment, the Company has determined that its contracts generally do not include a significant financing component. </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">Deferred revenue, including current and non-current balances as of June 30, 2025 and December 31, 2024, was $4.8 billion and $4.1 billion, respectively. For the six months ended June 30, 2025 and 2024, revenue recognized from deferred revenue at the beginning of the period was $603 million and $128 million, respectively. </div> <div class="BRDSX_h3" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; font-weight: bold; margin-top: 14pt; margin-left: 20pt; text-align: left;">Remaining Performance Obligations (“RPO”) </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">As of June 30, 2025, the Company had $30.1 billion of unsatisfied RPO, of which 50% is expected to be recognized over the initial 24 months ending June 30, 2027, 40% between months 25 and <span style="-sec-ix-hidden:Fact_e9d1b9eaaf894ad7b72cf3f4503f1257">48</span>, and the remaining balance recognized between months 49 and 72. This includes amounts from the Commercial Agreement with OpenAI (as described above). </div>

0.98 0.96 0.98 0.95

<div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 7pt; margin-left: 0pt; text-indent: 20pt; text-align: left;">The following customers accounted for 10% or more of the Company’s revenue for the periods presented: </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: left;"> <br/></div> <table cellpadding="0" cellspacing="0" class="BRDSX_fintab" style="width: 468pt; margin-left: auto; margin-right: auto; border-spacing: 0;"> <tr class="BRDSX_boxspacer"> <td style="height: 6pt; width: 240pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td colspan="4" style="height: 6pt; width: 109.32pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td colspan="4" style="height: 6pt; width: 99.7pt;"> <div style="font-size: 1pt;"> </div> </td> </tr> <tr class="BRDSX_header"> <td style="width: 240pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"> </div> </td> <td style="width: 4.75pt; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td colspan="4" style="width: 109.32pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Three Months Ended June 30,</div> </td> <td style="width: 4.75pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td colspan="4" style="width: 99.7pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Six Months Ended June 30, </div> </td> </tr> <tr class="BRDSX_header"> <td style="width: 240pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"> </div> </td> <td style="width: 4.75pt; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 49.91pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2025</div> </td> <td style="width: 4.75pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 49.91pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2024</div> </td> <td style="width: 4.75pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45.1pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2025</div> </td> <td style="width: 4.75pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45.1pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2024 </div> </td> </tr> <tr> <td style="width: 240pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Customer A</div> </td> <td style="width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 49.91pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 19.96pt; text-align: left;">71%</div> </td> <td style="width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 49.91pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 19.97pt; text-align: left;">59%</div> </td> <td style="width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45.1pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 17.56pt; text-align: left;">72%</div> </td> <td style="width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45.1pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 17.56pt; text-align: left;">51% </div> </td> </tr> <tr> <td style="width: 240pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Customer B</div> </td> <td style="width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 49.91pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 19.96pt; text-align: left;"><span style="padding-left: 10pt;">*</span></div> </td> <td style="width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 49.91pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 19.97pt; text-align: left;">20%</div> </td> <td style="width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45.1pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 17.56pt; text-align: left;"><span style="padding-left: 10pt;">*</span></div> </td> <td style="width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45.1pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 17.56pt; text-align: left;">24% </div> </td> </tr> <tr> <td style="width: 240pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Customer C</div> </td> <td style="width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 49.91pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 19.96pt; text-align: left;"><span style="padding-left: 10pt;">*</span></div> </td> <td style="width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 49.91pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 19.97pt; text-align: left;"><span style="padding-left: 10pt;">*</span></div> </td> <td style="width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45.1pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 17.56pt; text-align: left;"><span style="padding-left: 10pt;">*</span></div> </td> <td style="width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45.1pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 17.56pt; text-align: left;"><span style="padding-left: 10pt;">* </span></div> </td> </tr> <tr> <td style="width: 240pt; padding-top: 1.01pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Customer D</div> </td> <td style="width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 49.91pt; padding-top: 1.01pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 19.96pt; text-align: left;"><span style="padding-left: 10pt;">*</span></div> </td> <td style="width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 49.91pt; padding-top: 1.01pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 19.97pt; text-align: left;"><span style="padding-left: 10pt;">*</span></div> </td> <td style="width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45.1pt; padding-top: 1.01pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 17.56pt; text-align: left;"><span style="padding-left: 10pt;">*</span></div> </td> <td style="width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45.1pt; padding-top: 1.01pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 17.56pt; text-align: left;"><span style="padding-left: 10pt;">*</span></div> </td> </tr> <tr class="BRDSX_boxspacer"> <td style="height: 2.75pt; width: 240pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 49.91pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 49.91pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 45.1pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 45.1pt;"> <div style="font-size: 1pt;"> </div> </td> </tr> </table> <div class="BRDSX_rule-partial" style="height: 0pt; width: 72pt; border-bottom: 1pt solid #000000; margin-bottom: 1pt; margin-right: auto; margin-left: 0pt; margin-top: 8.75pt;"> <br/></div> <table border="0" cellpadding="0" cellspacing="0" style="margin-top: 3pt; margin-left: 0pt; border-spacing: 0;"> <tr> <td style="width: 20pt; text-align: left; vertical-align: top;"> <div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt;">*<br/> </div> </td> <td style="vertical-align: top;"> <div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; text-align: left;">Customer did not represent 10% or more of revenue. </div> </td> </tr> </table> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">The customer references of A through D may represent different customers than those reported in a previous period. </div>

0.71

0.59

0.72

0.51

0.20

0.24

0.39

0.25

0.66

11900000000

8750000 350000000 350000000

41000000

309000000

P60D P360D

4800000000

4100000000

603000000

128000000

30100000000

0.50

P24M

0.40

55508000

2411000

518199000

24185000

56250000

29308000

2279000

3444000

2562000

579430000

114716000

271000

0 199645000

427000

444000

698000

200089000

2000000000

<div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6.75pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">The notional amounts of the Company's outstanding interest rate swaps and foreign exchange forward contracts were as follows (in thousands): </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: left;"> <br/></div> <table cellpadding="0" cellspacing="0" class="BRDSX_fintab" style="width: 468pt; margin-left: auto; margin-right: auto; border-spacing: 0;"> <tr class="BRDSX_boxspacer"> <td style="height: 6pt; width: 360pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 5.84pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 5.84pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 37.5pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 5.84pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 5.84pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 47.16pt;"> <div style="font-size: 1pt;"> </div> </td> </tr> <tr class="BRDSX_header"> <td style="width: 360pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"> </div> </td> <td style="width: 5.84pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.84pt; border-bottom: none;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">June 30, </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2025</div> </td> <td style="width: 5.84pt; border-bottom: none;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.84pt; border-bottom: none;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">December 31, </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2024 </div> </td> </tr> <tr> <td style="width: 360pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Derivative instruments designated as accounting hedges </div> </td> <td style="width: 5.84pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.84pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 5.84pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.84pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> </tr> <tr> <td style="width: 360pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;">Interest rate swaps</div> </td> <td style="width: 5.84pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.84pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -0.01pt; text-align: left;">$<span style="padding-left: 5pt;">50,000</span></div> </td> <td style="width: 5.84pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.84pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 16.08pt; text-align: left;">$— </div> </td> </tr> <tr> <td style="width: 360pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Derivative instruments not designated as accounting hedges </div> </td> <td style="width: 5.84pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.84pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 5.84pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.84pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> </tr> <tr> <td style="width: 360pt; padding-top: 1.01pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;">Foreign exchange forward contracts</div> </td> <td style="width: 5.84pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.84pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 1.01pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -0.01pt; text-align: left;">$107,748</div> </td> <td style="width: 5.84pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.84pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 16.08pt; text-align: left;">$—</div> </td> </tr> <tr class="BRDSX_boxspacer"> <td style="height: 2.75pt; width: 360pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 5.84pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 5.84pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 37.5pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 5.84pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 5.84pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 47.16pt;"> <div style="font-size: 1pt;"> </div> </td> </tr> </table>

50000000

107748000

<div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">Gain (loss) associated with interest rate swaps and foreign exchange forward contracts were as follows (in thousands): </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: left;"> <br/></div> <table cellpadding="0" cellspacing="0" class="BRDSX_fintab" style="width: 468pt; margin-left: auto; margin-right: auto; border-spacing: 0;"> <tr class="BRDSX_boxspacer"> <td style="height: 6pt; width: 360pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 14.97pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 14.97pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 78.06pt;"> <div style="font-size: 1pt;"> </div> </td> </tr> <tr class="BRDSX_header"> <td style="width: 360pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"> </div> </td> <td style="width: 14.97pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 14.97pt; border-bottom: none;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 78.06pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Three and Six Months </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Ended June 30, 2025 </div> </td> </tr> <tr> <td style="width: 360pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Interest rate swaps designated as accounting hedges </div> </td> <td style="width: 14.97pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 14.97pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 78.06pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> </tr> <tr> <td style="width: 360pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;">Loss recognized in other comprehensive income (loss), net</div> </td> <td style="width: 14.97pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 14.97pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 78.06pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 25.28pt; text-align: left;">$<span style="padding-left: 4.17pt;">(271) </span></div> </td> </tr> <tr> <td style="width: 360pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Foreign exchange forward contracts not designated as accounting hedges </div> </td> <td style="width: 14.97pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 14.97pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 78.06pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> </tr> <tr> <td style="width: 360pt; padding-top: 1.01pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;">Gain recognized in other income (expense), net</div> </td> <td style="width: 14.97pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 14.97pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 78.06pt; padding-top: 1.01pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 25.28pt; text-align: left;">$2,279</div> </td> </tr> <tr class="BRDSX_boxspacer"> <td style="height: 2.75pt; width: 360pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 14.97pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 14.97pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 78.06pt;"> <div style="font-size: 1pt;"> </div> </td> </tr> </table>

-271000

2279000

<div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">The Company’s valuation of the warrant liabilities utilized the Black-Scholes option-pricing model that relied on the following significant inputs: </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: left;"> <br/></div> <table cellpadding="0" cellspacing="0" class="BRDSX_fintab" style="width: 468pt; margin-left: auto; margin-right: auto; border-spacing: 0;"> <tr class="BRDSX_boxspacer"> <td style="height: 6pt; width: 348pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 9.31pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 9.31pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 35.62pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 9.3pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 9.3pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 47.16pt;"> <div style="font-size: 1pt;"> </div> </td> </tr> <tr class="BRDSX_header"> <td style="width: 348pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"> </div> </td> <td style="width: 9.31pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 9.31pt; border-bottom: none;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 35.62pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">March 21, </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2025</div> </td> <td style="width: 9.3pt; border-bottom: none;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 9.3pt; border-bottom: none;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">December 31, </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2024 </div> </td> </tr> <tr> <td style="width: 348pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Stock price</div> </td> <td style="width: 9.31pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 9.31pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 35.62pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10.31pt; text-align: left;">$41</div> </td> <td style="width: 9.3pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 9.3pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 16.08pt; text-align: left;">$48 </div> </td> </tr> <tr> <td style="width: 348pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Volatility</div> </td> <td style="width: 9.31pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 9.31pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 35.62pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10.31pt; text-align: left;"><span style="padding-left: 5pt;">60%</span></div> </td> <td style="width: 9.3pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 9.3pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 16.08pt; text-align: left;"><span style="padding-left: 5pt;">60%</span></div> </td> </tr> <tr> <td style="width: 348pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Risk-free rate</div> </td> <td style="width: 9.31pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 9.31pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 35.62pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10.31pt; text-align: left;"><span style="padding-left: 10pt;">4%</span></div> </td> <td style="width: 9.3pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 9.3pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 16.08pt; text-align: left;"><span style="padding-left: 10pt;">4%</span></div> </td> </tr> <tr> <td style="width: 348pt; padding-top: 1.01pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Dividend yield</div> </td> <td style="width: 9.31pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 9.31pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 35.62pt; padding-top: 1.01pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10.31pt; text-align: left;"><span style="padding-left: 10pt;">0%</span></div> </td> <td style="width: 9.3pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 9.3pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 16.08pt; text-align: left;"><span style="padding-left: 10pt;">0%</span></div> </td> </tr> <tr class="BRDSX_boxspacer"> <td style="height: 2.75pt; width: 348pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 9.31pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 9.31pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 35.62pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 9.3pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 9.3pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 47.16pt;"> <div style="font-size: 1pt;"> </div> </td> </tr> </table>

0.60

0.04

2562000

199645000

444000

882000

-26837000

-17000

-172808000

3444000

427000

<span style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">The aggregate purchase consideration was $1.0 billion, which was comprised of the following (in thousands): </span> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: left;"> <br/></div> <table cellpadding="0" cellspacing="0" class="BRDSX_fintab" style="width: 468pt; margin-left: auto; margin-right: auto; border-spacing: 0;"> <tr class="BRDSX_boxspacer"> <td style="height: 6pt; width: 396pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 13.5pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 13.5pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 45pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> </tr> <tr> <td style="width: 396pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Cash paid by the Company</div> </td> <td style="width: 13.5pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 13.5pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">$<span style="padding-left: 12.5pt;">96,498 </span></div> </td> </tr> <tr> <td style="width: 396pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Fair value of Class A common stock and restricted stock awards issued by the Company</div> </td> <td style="width: 13.5pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 13.5pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 12.5pt;">928,900</span></div> </td> </tr> <tr> <td style="width: 396pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Fair value of replacement restricted stock units </div> </td> <td style="width: 13.5pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 13.5pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 22.5pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">3,861</span></div> </td> </tr> <tr> <td style="width: 396pt; padding-top: 2.26pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;">Total purchase price</div> </td> <td style="width: 13.5pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 13.5pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$1,029,259</span></div> </td> </tr> <tr class="BRDSX_boxspacer"> <td style="height: 2.75pt; width: 396pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 13.5pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 13.5pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 45pt;"> <div style="font-size: 1pt;"> </div> </td> </tr> </table>

1000000000

96498000

928900000

3861000

1029259000

123000000 33000000

6000000

5000000

79000000

29000000

<div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">The allocation of the purchase price is preliminary and subject to change as the Company finalizes its assessment of the fair values of the assets acquired and liabilities assumed during the measurement period following the acquisition date. The preliminary fair values of assets acquired and liabilities assumed on the acquisition date are summarized as follows (in thousands): </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: left;"> <br/></div> <table cellpadding="0" cellspacing="0" class="BRDSX_fintab" style="width: 468pt; margin-left: auto; margin-right: auto; border-spacing: 0;"> <tr class="BRDSX_boxspacer"> <td style="height: 6pt; width: 396pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 13.5pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 13.5pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 45pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> </tr> <tr> <td style="width: 396pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Cash and cash equivalents</div> </td> <td style="width: 13.5pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 13.5pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">$<span style="padding-left: 12.5pt;">50,792 </span></div> </td> </tr> <tr> <td style="width: 396pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Accounts receivable, net</div> </td> <td style="width: 13.5pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 13.5pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 17.5pt;">13,418</span></div> </td> </tr> <tr> <td style="width: 396pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Prepaid expenses and other current assets</div> </td> <td style="width: 13.5pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 13.5pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 22.5pt;">2,205</span></div> </td> </tr> <tr> <td style="width: 396pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Property and equipment, net</div> </td> <td style="width: 13.5pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 13.5pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 30pt;">858</span></div> </td> </tr> <tr> <td style="width: 396pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Operating lease right-of-use assets</div> </td> <td style="width: 13.5pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 13.5pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 22.5pt;">1,080</span></div> </td> </tr> <tr> <td style="width: 396pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Intangible assets, net</div> </td> <td style="width: 13.5pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 13.5pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 12.5pt;">207,600</span></div> </td> </tr> <tr> <td style="width: 396pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Goodwill</div> </td> <td style="width: 13.5pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 13.5pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 12.5pt;">793,426</span></div> </td> </tr> <tr> <td style="width: 396pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Other non-current assets</div> </td> <td style="width: 13.5pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 13.5pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 30pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">178</span></div> </td> </tr> <tr> <td style="width: 396pt; padding-top: 2.26pt; padding-bottom: 3.63pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 10pt; text-align: left;">Total assets acquired</div> </td> <td style="width: 13.5pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 13.5pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45pt; padding-top: 2.26pt; padding-bottom: 3.63pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$1,069,557 </span></div> </td> </tr> <tr> <td style="width: 396pt; padding-top: 3.26pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Accounts payable</div> </td> <td style="width: 13.5pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 13.5pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45pt; padding-top: 3.26pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 30pt;">885</span></div> </td> </tr> <tr> <td style="width: 396pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Accrued liabilities</div> </td> <td style="width: 13.5pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 13.5pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 22.5pt;">7,036</span></div> </td> </tr> <tr> <td style="width: 396pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Deferred revenue, current</div> </td> <td style="width: 13.5pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 13.5pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 17.5pt;">25,414</span></div> </td> </tr> <tr> <td style="width: 396pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Operating lease liabilities, current</div> </td> <td style="width: 13.5pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 13.5pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 30pt;">283</span></div> </td> </tr> <tr> <td style="width: 396pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Other current liabilities</div> </td> <td style="width: 13.5pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 13.5pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 35pt;">31</span></div> </td> </tr> <tr> <td style="width: 396pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Deferred revenue, non-current</div> </td> <td style="width: 13.5pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 13.5pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 30pt;">309</span></div> </td> </tr> <tr> <td style="width: 396pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Operating lease liabilities, non-current</div> </td> <td style="width: 13.5pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 13.5pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 30pt;">797</span></div> </td> </tr> <tr> <td style="width: 396pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Deferred tax liabilities, non-current</div> </td> <td style="width: 13.5pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 13.5pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 22.5pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">5,543</span></div> </td> </tr> <tr> <td style="width: 396pt; padding-top: 2.26pt; padding-bottom: 3.63pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 10pt; text-align: left;">Total liabilities assumed</div> </td> <td style="width: 13.5pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 13.5pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45pt; padding-top: 2.26pt; padding-bottom: 3.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$</span><span style="padding-left: 12.5pt; border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">40,298 </span></div> </td> </tr> <tr> <td style="width: 396pt; padding-top: 3.26pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 10pt; text-align: left;">Total purchase price</div> </td> <td style="width: 13.5pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 13.5pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45pt; padding-top: 3.26pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$1,029,259</span></div> </td> </tr> <tr class="BRDSX_boxspacer"> <td style="height: 2.75pt; width: 396pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 13.5pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 13.5pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 45pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> </tr> </table>

50792000

13418000

2205000

858000

1080000

207600000

793426000

178000

1069557000

885000

7036000

25414000

283000

31000

309000 797000

5543000

40298000

1029259000

<span style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">The following table presents the amounts allocated to the intangible assets identified as of the date of acquisition and the estimated useful lives (in thousands): </span> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: left;"> <br/></div> <table cellpadding="0" cellspacing="0" class="BRDSX_fintab" style="width: 468pt; margin-left: auto; margin-right: auto; border-spacing: 0;"> <tr class="BRDSX_boxspacer"> <td style="height: 6pt; width: 348pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 9.96pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 9.96pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 37.5pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 9.96pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 9.96pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 42.65pt;"> <div style="font-size: 1pt;"> </div> </td> </tr> <tr class="BRDSX_header"> <td style="width: 348pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"> </div> </td> <td style="width: 9.96pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 9.96pt; border-bottom: none;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Fair Value</div> </td> <td style="width: 9.96pt; border-bottom: none;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 9.96pt; border-bottom: none;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 42.65pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Useful Lives </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">(in years) </div> </td> </tr> <tr> <td style="width: 348pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Customer relationships</div> </td> <td style="width: 9.96pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 9.96pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0.01pt; text-align: left;">$<span style="padding-left: 5pt;">36,100</span></div> </td> <td style="width: 9.96pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 9.96pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 42.65pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; text-align: center;">12</div> </td> </tr> <tr> <td style="width: 348pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Developed technology</div> </td> <td style="width: 9.96pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 9.96pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0.01pt; text-align: left;"><span style="padding-left: 5pt;">161,800</span></div> </td> <td style="width: 9.96pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 9.96pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 42.65pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; text-align: center;">5 - 7 </div> </td> </tr> <tr> <td style="width: 348pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Trade name</div> </td> <td style="width: 9.96pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 9.96pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0.01pt; text-align: left;"><span style="padding-left: 15pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">9,700</span></div> </td> <td style="width: 9.96pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 9.96pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 42.65pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; text-align: center;">5</div> </td> </tr> <tr> <td style="width: 348pt; padding-top: 2.26pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 10pt; text-align: left;">Total </div> </td> <td style="width: 9.96pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 9.96pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0.01pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$207,600</span></div> </td> <td style="width: 9.96pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 9.96pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 42.65pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> </tr> <tr class="BRDSX_boxspacer"> <td style="height: 2.75pt; width: 348pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 9.96pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 9.96pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 37.5pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 9.96pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 9.96pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 42.65pt;"> <div style="font-size: 1pt;"> </div> </td> </tr> </table>

36100000

P12Y

161800000

P5Y

P7Y

9700000

P5Y

207600000

13170295000

9146575000

459742000

139508000

830875000

384372000

12949000

8684000

4111256000

3200866000

18585117000

12880005000

1953607000

965231000

16631510000

11914774000

553000000

164000000

996000000

243000000

17000000

6000000

43000000

12000000

23000000

41000000

36000000

73000000

<div class="BRDSX_h2" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 12pt; margin-left: 0pt; text-align: left;">6. Goodwill and Intangible Assets </div> <div class="BRDSX_h3" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; font-weight: bold; margin-top: 7pt; margin-left: 20pt; text-align: left;">Goodwill </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 7pt; margin-left: 0pt; text-indent: 20pt; text-align: left;">The following table summarizes the changes to goodwill (in thousands): </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: left;"> <br/></div> <table cellpadding="0" cellspacing="0" class="BRDSX_fintab" style="width: 468pt; margin-left: auto; margin-right: auto; border-spacing: 0;"> <tr class="BRDSX_boxspacer"> <td style="height: 6pt; width: 420pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 5.25pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 5.25pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 37.5pt;"> <div style="font-size: 1pt;"> </div> </td> </tr> <tr class="BRDSX_header"> <td style="width: 420pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"> </div> </td> <td style="width: 5.25pt; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.25pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Amount </div> </td> </tr> <tr> <td style="width: 420pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;">Balance at January 1, 2025</div> </td> <td style="width: 5.25pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.25pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">$<span style="padding-left: 5pt;">19,544 </span></div> </td> </tr> <tr> <td style="width: 420pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Addition</div> </td> <td style="width: 5.25pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.25pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 5pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">793,426</span></div> </td> </tr> <tr> <td style="width: 420pt; padding-top: 2.26pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;">Balance at June 30, 2025</div> </td> <td style="width: 5.25pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.25pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$812,970</span></div> </td> </tr> <tr class="BRDSX_boxspacer"> <td style="height: 2.75pt; width: 420pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 5.25pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 5.25pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 37.5pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> </tr> </table> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6.75pt; margin-left: 0pt; text-indent: 20pt; text-align: left;">There were no impairment charges recorded to goodwill for any of the periods presented. </div> <div class="BRDSX_h3" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; font-weight: bold; margin-top: 14.5pt; margin-left: 20pt; text-align: left;">Intangible Assets, Net </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 7pt; margin-left: 0pt; text-indent: 20pt; text-align: left;">Intangible assets, net consisted of the following (dollars in thousands): </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: left;"> <br/></div> <table cellpadding="0" cellspacing="0" class="BRDSX_fintab" style="width: 468pt; margin-left: auto; margin-right: auto; border-spacing: 0;"> <tr class="BRDSX_boxspacer"> <td style="height: 6pt; width: 108pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 4.64pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 4.64pt;"> <div style="font-size: 1pt;"> </div> </td> <td colspan="10" style="height: 6pt; width: 196.69pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 4.64pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 4.64pt;"> <div style="font-size: 1pt;"> </div> </td> <td colspan="7" style="height: 6pt; width: 144.76pt;"> <div style="font-size: 1pt;"> </div> </td> </tr> <tr class="BRDSX_header"> <td style="width: 108pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"> </div> </td> <td style="width: 4.64pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.64pt; border-bottom: none;"> <div style="font-size: 1pt;"> </div> </td> <td colspan="10" style="width: 196.69pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">June 30, 2025</div> </td> <td style="width: 4.64pt; border-bottom: none;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.64pt; border-bottom: none;"> <div style="font-size: 1pt;"> </div> </td> <td colspan="7" style="width: 144.76pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">December 31, 2024 </div> </td> </tr> <tr class="BRDSX_header"> <td style="width: 108pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"> </div> </td> <td style="width: 4.64pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.64pt; border-bottom: none;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 42.65pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Weighted- </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Average </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Remaining </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Useful Lives </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">(in years)</div> </td> <td style="width: 4.64pt; border-bottom: none;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.64pt; border-bottom: none;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 40.22pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Acquired </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Intangibles, </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Gross </div> </td> <td style="width: 4.64pt; border-bottom: none;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.64pt; border-bottom: none;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45.76pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Accumulated </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Amortization </div> </td> <td style="width: 4.64pt; border-bottom: none;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.64pt; border-bottom: none;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 40.22pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Acquired </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Intangibles, </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Net </div> </td> <td style="width: 4.64pt; border-bottom: none;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.64pt; border-bottom: none;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 40.22pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Acquired </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Intangibles, </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Gross </div> </td> <td style="width: 4.64pt; border-bottom: none;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.64pt; border-bottom: none;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45.76pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Accumulated </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Amortization </div> </td> <td style="width: 4.64pt; border-bottom: none;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.64pt; border-bottom: none;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 40.22pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Acquired </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Intangibles, </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Net </div> </td> </tr> <tr> <td style="width: 108pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Acquired technologies</div> </td> <td style="width: 4.64pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.64pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 42.65pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 16.33pt; text-align: left;"><span style="padding-left: 5pt;">5</span></div> </td> <td style="width: 4.64pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.64pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 40.22pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 1.36pt; text-align: left;">$167,253</div> </td> <td style="width: 4.64pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.64pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45.76pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 5.15pt; text-align: left;">$<span style="padding-left: 4.63pt;">(9,271)</span></div> </td> <td style="width: 4.64pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.64pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 40.22pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 1.36pt; text-align: left;">$157,982</div> </td> <td style="width: 4.64pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.64pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 40.22pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 6.36pt; text-align: left;">$5,453</div> </td> <td style="width: 4.64pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.64pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45.76pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 7.46pt; text-align: left;">$<span style="padding-left: 0.37pt;">(3,611)</span></div> </td> <td style="width: 4.64pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.64pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 40.22pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 6.36pt; text-align: left;">$1,842 </div> </td> </tr> <tr> <td style="width: 108pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Other<sup>(1)</sup></div> </td> <td style="width: 4.64pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.64pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 42.65pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 16.33pt; text-align: left;">10</div> </td> <td style="width: 4.64pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.64pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 40.22pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 1.36pt; text-align: left;"><span style="padding-left: 10pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">49,697</span></div> </td> <td style="width: 4.64pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.64pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45.76pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 5.15pt; text-align: left;"><span style="padding-left: 9.63pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">(1,784)</span></div> </td> <td style="width: 4.64pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.64pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 40.22pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 1.36pt; text-align: left;"><span style="padding-left: 10pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">47,913</span></div> </td> <td style="width: 4.64pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.64pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 40.22pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 6.36pt; text-align: left;"><span style="padding-left: 5pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">3,897</span></div> </td> <td style="width: 4.64pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.64pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45.76pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 7.46pt; text-align: left;"><span style="padding-left: 12.5pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">(830)</span></div> </td> <td style="width: 4.64pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.64pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 40.22pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 6.36pt; text-align: left;"><span style="padding-left: 5pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">3,067</span></div> </td> </tr> <tr> <td style="width: 108pt; padding-top: 2.26pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 10pt; text-align: left;">Total</div> </td> <td style="width: 4.64pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.64pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 42.65pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 4.64pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.64pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 40.22pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 1.36pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$216,950</span></div> </td> <td style="width: 4.64pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.64pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45.76pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 5.15pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$(11,055)</span></div> </td> <td style="width: 4.64pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.64pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 40.22pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 1.36pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$205,895</span></div> </td> <td style="width: 4.64pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.64pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 40.22pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 6.36pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$9,350</span></div> </td> <td style="width: 4.64pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.64pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45.76pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 7.46pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$(4,441)</span></div> </td> <td style="width: 4.64pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.64pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 40.22pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 6.36pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$4,909</span></div> </td> </tr> <tr class="BRDSX_boxspacer"> <td style="height: 2.75pt; width: 108pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.64pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.64pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 42.65pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.64pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.64pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 40.22pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.64pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.64pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 45.76pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.64pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.64pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 40.22pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.64pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.64pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 40.22pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.64pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.64pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 45.76pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.64pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.64pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 40.22pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> </tr> </table> <div class="BRDSX_rule-partial" style="height: 0pt; width: 72pt; border-bottom: 1pt solid #000000; margin-bottom: 1pt; margin-right: auto; margin-left: 0pt; margin-top: 12.75pt;"> <br/></div> <table border="0" cellpadding="0" cellspacing="0" style="margin-top: 3pt; margin-left: 0pt; border-spacing: 0;"> <tr> <td style="width: 20pt; text-align: left; vertical-align: top;"> <div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt;">(1)<br/> </div> </td> <td style="vertical-align: top;"> <div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; text-align: left;">Included in Other are customer relationships and trade names. </div> </td> </tr> </table> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">Amortization expenses for intangible assets were $6 million and $1 million for the three months ended June 30, 2025 and 2024, respectively, and $7 million and $1 million for the six months ended June 30, 2025 and 2024, respectively. </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">As of June 30, 2025, the expected future amortization expense related to intangible assets was as follows (in thousands): </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: left;"> <br/></div> <table cellpadding="0" cellspacing="0" class="BRDSX_fintab" style="width: 468pt; margin-left: auto; margin-right: auto; border-spacing: 0;"> <tr class="BRDSX_boxspacer"> <td style="height: 6pt; width: 420pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 5.25pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 5.25pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 37.5pt;"> <div style="font-size: 1pt;"> </div> </td> </tr> <tr class="BRDSX_header"> <td style="width: 420pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;">Years Ending December 31,</div> </td> <td style="width: 5.25pt; border-bottom: none;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.25pt; border-bottom: none;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Amount </div> </td> </tr> <tr> <td style="width: 420pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Remaining portion of 2025</div> </td> <td style="width: 5.25pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.25pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">$<span style="padding-left: 5pt;">18,940 </span></div> </td> </tr> <tr> <td style="width: 420pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">2026</div> </td> <td style="width: 5.25pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.25pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 10pt;">36,264</span></div> </td> </tr> <tr> <td style="width: 420pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">2027</div> </td> <td style="width: 5.25pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.25pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 10pt;">36,250</span></div> </td> </tr> <tr> <td style="width: 420pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">2028</div> </td> <td style="width: 5.25pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.25pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 10pt;">36,082</span></div> </td> </tr> <tr> <td style="width: 420pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">2029</div> </td> <td style="width: 5.25pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.25pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 10pt;">36,069</span></div> </td> </tr> <tr> <td style="width: 420pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Thereafter</div> </td> <td style="width: 5.25pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.25pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 10pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">42,290</span></div> </td> </tr> <tr> <td style="width: 420pt; padding-top: 2.26pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 10pt; text-align: left;">Total expected future amortization expense</div> </td> <td style="width: 5.25pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.25pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$205,895</span></div> </td> </tr> <tr class="BRDSX_boxspacer"> <td style="height: 2.75pt; width: 420pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 5.25pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 5.25pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 37.5pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> </tr> </table>

19544000

793426000

812970000

<div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 7pt; margin-left: 0pt; text-indent: 20pt; text-align: left;">Intangible assets, net consisted of the following (dollars in thousands): </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: left;"> <br/></div> <table cellpadding="0" cellspacing="0" class="BRDSX_fintab" style="width: 468pt; margin-left: auto; margin-right: auto; border-spacing: 0;"> <tr class="BRDSX_boxspacer"> <td style="height: 6pt; width: 108pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 4.64pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 4.64pt;"> <div style="font-size: 1pt;"> </div> </td> <td colspan="10" style="height: 6pt; width: 196.69pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 4.64pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 4.64pt;"> <div style="font-size: 1pt;"> </div> </td> <td colspan="7" style="height: 6pt; width: 144.76pt;"> <div style="font-size: 1pt;"> </div> </td> </tr> <tr class="BRDSX_header"> <td style="width: 108pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"> </div> </td> <td style="width: 4.64pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.64pt; border-bottom: none;"> <div style="font-size: 1pt;"> </div> </td> <td colspan="10" style="width: 196.69pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">June 30, 2025</div> </td> <td style="width: 4.64pt; border-bottom: none;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.64pt; border-bottom: none;"> <div style="font-size: 1pt;"> </div> </td> <td colspan="7" style="width: 144.76pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">December 31, 2024 </div> </td> </tr> <tr class="BRDSX_header"> <td style="width: 108pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"> </div> </td> <td style="width: 4.64pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.64pt; border-bottom: none;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 42.65pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Weighted- </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Average </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Remaining </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Useful Lives </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">(in years)</div> </td> <td style="width: 4.64pt; border-bottom: none;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.64pt; border-bottom: none;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 40.22pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Acquired </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Intangibles, </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Gross </div> </td> <td style="width: 4.64pt; border-bottom: none;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.64pt; border-bottom: none;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45.76pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Accumulated </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Amortization </div> </td> <td style="width: 4.64pt; border-bottom: none;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.64pt; border-bottom: none;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 40.22pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Acquired </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Intangibles, </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Net </div> </td> <td style="width: 4.64pt; border-bottom: none;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.64pt; border-bottom: none;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 40.22pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Acquired </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Intangibles, </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Gross </div> </td> <td style="width: 4.64pt; border-bottom: none;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.64pt; border-bottom: none;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45.76pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Accumulated </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Amortization </div> </td> <td style="width: 4.64pt; border-bottom: none;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.64pt; border-bottom: none;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 40.22pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Acquired </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Intangibles, </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Net </div> </td> </tr> <tr> <td style="width: 108pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Acquired technologies</div> </td> <td style="width: 4.64pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.64pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 42.65pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 16.33pt; text-align: left;"><span style="padding-left: 5pt;">5</span></div> </td> <td style="width: 4.64pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.64pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 40.22pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 1.36pt; text-align: left;">$167,253</div> </td> <td style="width: 4.64pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.64pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45.76pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 5.15pt; text-align: left;">$<span style="padding-left: 4.63pt;">(9,271)</span></div> </td> <td style="width: 4.64pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.64pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 40.22pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 1.36pt; text-align: left;">$157,982</div> </td> <td style="width: 4.64pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.64pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 40.22pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 6.36pt; text-align: left;">$5,453</div> </td> <td style="width: 4.64pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.64pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45.76pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 7.46pt; text-align: left;">$<span style="padding-left: 0.37pt;">(3,611)</span></div> </td> <td style="width: 4.64pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.64pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 40.22pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 6.36pt; text-align: left;">$1,842 </div> </td> </tr> <tr> <td style="width: 108pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Other<sup>(1)</sup></div> </td> <td style="width: 4.64pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.64pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 42.65pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 16.33pt; text-align: left;">10</div> </td> <td style="width: 4.64pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.64pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 40.22pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 1.36pt; text-align: left;"><span style="padding-left: 10pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">49,697</span></div> </td> <td style="width: 4.64pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.64pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45.76pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 5.15pt; text-align: left;"><span style="padding-left: 9.63pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">(1,784)</span></div> </td> <td style="width: 4.64pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.64pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 40.22pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 1.36pt; text-align: left;"><span style="padding-left: 10pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">47,913</span></div> </td> <td style="width: 4.64pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.64pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 40.22pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 6.36pt; text-align: left;"><span style="padding-left: 5pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">3,897</span></div> </td> <td style="width: 4.64pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.64pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45.76pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 7.46pt; text-align: left;"><span style="padding-left: 12.5pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">(830)</span></div> </td> <td style="width: 4.64pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.64pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 40.22pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 6.36pt; text-align: left;"><span style="padding-left: 5pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">3,067</span></div> </td> </tr> <tr> <td style="width: 108pt; padding-top: 2.26pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 10pt; text-align: left;">Total</div> </td> <td style="width: 4.64pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.64pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 42.65pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 4.64pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.64pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 40.22pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 1.36pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$216,950</span></div> </td> <td style="width: 4.64pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.64pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45.76pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 5.15pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$(11,055)</span></div> </td> <td style="width: 4.64pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.64pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 40.22pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 1.36pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$205,895</span></div> </td> <td style="width: 4.64pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.64pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 40.22pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 6.36pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$9,350</span></div> </td> <td style="width: 4.64pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.64pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45.76pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 7.46pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$(4,441)</span></div> </td> <td style="width: 4.64pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.64pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 40.22pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 6.36pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$4,909</span></div> </td> </tr> <tr class="BRDSX_boxspacer"> <td style="height: 2.75pt; width: 108pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.64pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.64pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 42.65pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.64pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.64pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 40.22pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.64pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.64pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 45.76pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.64pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.64pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 40.22pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.64pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.64pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 40.22pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.64pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.64pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 45.76pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.64pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.64pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 40.22pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> </tr> </table> <div class="BRDSX_rule-partial" style="height: 0pt; width: 72pt; border-bottom: 1pt solid #000000; margin-bottom: 1pt; margin-right: auto; margin-left: 0pt; margin-top: 12.75pt;"> <br/></div> <table border="0" cellpadding="0" cellspacing="0" style="margin-top: 3pt; margin-left: 0pt; border-spacing: 0;"> <tr> <td style="width: 20pt; text-align: left; vertical-align: top;"> <div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt;">(1)<br/> </div> </td> <td style="vertical-align: top;"> <div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; text-align: left;">Included in Other are customer relationships and trade names. </div> </td> </tr> </table>

P5Y

167253000

9271000

157982000

5453000

3611000

1842000

P10Y

49697000

1784000

47913000

3897000

830000

3067000

216950000

11055000

205895000

9350000

4441000

4909000

6000000

1000000

7000000

1000000

<div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">As of June 30, 2025, the expected future amortization expense related to intangible assets was as follows (in thousands): </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: left;"> <br/></div> <table cellpadding="0" cellspacing="0" class="BRDSX_fintab" style="width: 468pt; margin-left: auto; margin-right: auto; border-spacing: 0;"> <tr class="BRDSX_boxspacer"> <td style="height: 6pt; width: 420pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 5.25pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 5.25pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 37.5pt;"> <div style="font-size: 1pt;"> </div> </td> </tr> <tr class="BRDSX_header"> <td style="width: 420pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;">Years Ending December 31,</div> </td> <td style="width: 5.25pt; border-bottom: none;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.25pt; border-bottom: none;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Amount </div> </td> </tr> <tr> <td style="width: 420pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Remaining portion of 2025</div> </td> <td style="width: 5.25pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.25pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">$<span style="padding-left: 5pt;">18,940 </span></div> </td> </tr> <tr> <td style="width: 420pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">2026</div> </td> <td style="width: 5.25pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.25pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 10pt;">36,264</span></div> </td> </tr> <tr> <td style="width: 420pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">2027</div> </td> <td style="width: 5.25pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.25pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 10pt;">36,250</span></div> </td> </tr> <tr> <td style="width: 420pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">2028</div> </td> <td style="width: 5.25pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.25pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 10pt;">36,082</span></div> </td> </tr> <tr> <td style="width: 420pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">2029</div> </td> <td style="width: 5.25pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.25pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 10pt;">36,069</span></div> </td> </tr> <tr> <td style="width: 420pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Thereafter</div> </td> <td style="width: 5.25pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.25pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 10pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">42,290</span></div> </td> </tr> <tr> <td style="width: 420pt; padding-top: 2.26pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 10pt; text-align: left;">Total expected future amortization expense</div> </td> <td style="width: 5.25pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.25pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$205,895</span></div> </td> </tr> <tr class="BRDSX_boxspacer"> <td style="height: 2.75pt; width: 420pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 5.25pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 5.25pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 37.5pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> </tr> </table>

18940000

36264000

36250000

36082000

36069000

42290000

205895000

<div class="BRDSX_h2" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 12.5pt; margin-left: 0pt; text-align: left;">7. Condensed Consolidated Balance Sheets Components </div> <div class="BRDSX_h3" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; font-weight: bold; margin-top: 7pt; margin-left: 20pt; text-align: left;">Prepaid Expenses and Other Current Assets </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 7pt; margin-left: 0pt; text-indent: 20pt; text-align: left;">Prepaid expenses and other current assets consisted of the following (in thousands): </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: left;"> <br/></div> <table cellpadding="0" cellspacing="0" class="BRDSX_fintab" style="width: 468pt; margin-left: auto; margin-right: auto; border-spacing: 0;"> <tr class="BRDSX_boxspacer"> <td style="height: 6pt; width: 348pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 8.84pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 8.84pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 37.5pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 8.84pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 8.84pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 47.16pt;"> <div style="font-size: 1pt;"> </div> </td> </tr> <tr class="BRDSX_header"> <td style="width: 348pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"> </div> </td> <td style="width: 8.84pt; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 8.84pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">June 30, </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2025</div> </td> <td style="width: 8.84pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 8.84pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">December 31, </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2024 </div> </td> </tr> <tr> <td style="width: 348pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Prepaid expenses</div> </td> <td style="width: 8.84pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 8.84pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -0.01pt; text-align: left;">$<span style="padding-left: 0.37pt;">114,367</span></div> </td> <td style="width: 8.84pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 8.84pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 4.83pt; text-align: left;">$<span style="padding-left: 5pt;">67,393 </span></div> </td> </tr> <tr> <td style="width: 348pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Strategic agreement contra-revenue asset</div> </td> <td style="width: 8.84pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 8.84pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -0.01pt; text-align: left;"><span style="padding-left: 10pt;">41,136</span></div> </td> <td style="width: 8.84pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 8.84pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 4.83pt; text-align: left;"><span style="padding-left: 27.5pt;">—</span></div> </td> </tr> <tr> <td style="width: 348pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Other current assets</div> </td> <td style="width: 8.84pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 8.84pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -0.01pt; text-align: left;"><span style="padding-left: 5pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">143,726</span></div> </td> <td style="width: 8.84pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 8.84pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 4.83pt; text-align: left;"><span style="padding-left: 10pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">33,853</span></div> </td> </tr> <tr> <td style="width: 348pt; padding-top: 2.26pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 10pt; text-align: left;">Total prepaid expenses and other current assets</div> </td> <td style="width: 8.84pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 8.84pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -0.01pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$299,229</span></div> </td> <td style="width: 8.84pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 8.84pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 4.83pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$101,246</span></div> </td> </tr> <tr class="BRDSX_boxspacer"> <td style="height: 2.75pt; width: 348pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 8.84pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 8.84pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 37.5pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 8.84pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 8.84pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 47.16pt;"> <div style="font-size: 1pt;"> </div> </td> </tr> </table> <div class="BRDSX_h3" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; font-weight: bold; margin-top: 12.5pt; margin-left: 20pt; text-align: left;">Other Non-current Assets </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 7pt; margin-left: 0pt; text-indent: 20pt; text-align: left;">Other non-current assets consisted of the following (in thousands): </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: left;"> <br/></div> <table cellpadding="0" cellspacing="0" class="BRDSX_fintab" style="width: 468pt; margin-left: auto; margin-right: auto; border-spacing: 0;"> <tr class="BRDSX_boxspacer"> <td style="height: 6pt; width: 348pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 8.84pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 8.84pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 37.5pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 8.84pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 8.84pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 47.16pt;"> <div style="font-size: 1pt;"> </div> </td> </tr> <tr class="BRDSX_header"> <td style="width: 348pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"> </div> </td> <td style="width: 8.84pt; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 8.84pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">June 30, </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2025</div> </td> <td style="width: 8.84pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 8.84pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">December 31, </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2024 </div> </td> </tr> <tr> <td style="width: 348pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Strategic agreement contra-revenue asset</div> </td> <td style="width: 8.84pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 8.84pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -0.01pt; text-align: left;">$308,864</div> </td> <td style="width: 8.84pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 8.84pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 4.83pt; text-align: left;">$<span style="padding-left: 22.5pt;">— </span></div> </td> </tr> <tr> <td style="width: 348pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Prepaid expenses</div> </td> <td style="width: 8.84pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 8.84pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -0.01pt; text-align: left;"><span style="padding-left: 5pt;">207,771</span></div> </td> <td style="width: 8.84pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 8.84pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 4.83pt; text-align: left;"><span style="padding-left: 5pt;">145,424</span></div> </td> </tr> <tr> <td style="width: 348pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Strategic investments</div> </td> <td style="width: 8.84pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 8.84pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -0.01pt; text-align: left;"><span style="padding-left: 5.37pt;">117,220</span></div> </td> <td style="width: 8.84pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 8.84pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 4.83pt; text-align: left;"><span style="padding-left: 5pt;">102,220</span></div> </td> </tr> <tr> <td style="width: 348pt; padding-top: 1.01pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Equity method investment</div> </td> <td style="width: 8.84pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 8.84pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 1.01pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -0.01pt; text-align: left;"><span style="padding-left: 10pt;">56,947</span></div> </td> <td style="width: 8.84pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 8.84pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 4.83pt; text-align: left;"><span style="padding-left: 27.5pt;">—</span></div> </td> </tr> <tr class="BRDSX_boxspacer"> <td style="height: 2.75pt; width: 348pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 8.84pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 8.84pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 37.5pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 8.84pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 8.84pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 47.16pt;"> <div style="font-size: 1pt;"> </div> </td> </tr> </table> <table cellpadding="0" cellspacing="0" class="BRDSX_fintab" style="margin-top: 4pt; width: 468pt; margin-left: auto; margin-right: auto; border-spacing: 0;"> <tr class="BRDSX_boxspacer"> <td style="height: 6pt; width: 348pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 8.84pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 8.84pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 37.5pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 8.84pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 8.84pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 47.16pt;"> <div style="font-size: 1pt;"> </div> </td> </tr> <tr class="BRDSX_header"> <td style="width: 348pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"> </div> </td> <td style="width: 8.84pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 8.84pt; border-bottom: none;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">June 30, </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2025</div> </td> <td style="width: 8.84pt; border-bottom: none;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 8.84pt; border-bottom: none;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">December 31, </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2024 </div> </td> </tr> <tr> <td style="width: 348pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Notes receivable</div> </td> <td style="width: 8.84pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 8.84pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -0.01pt; text-align: left;">$ 56,862</div> </td> <td style="width: 8.84pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 8.84pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 4.83pt; text-align: left;">$107,597</div> </td> </tr> <tr> <td style="width: 348pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Escrow funds</div> </td> <td style="width: 8.84pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 8.84pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -0.01pt; text-align: left;"><span style="padding-left: 27.5pt;">—</span></div> </td> <td style="width: 8.84pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 8.84pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 4.83pt; text-align: left;"><span style="padding-left: 5pt;">336,055</span></div> </td> </tr> <tr> <td style="width: 348pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Other non-current assets</div> </td> <td style="width: 8.84pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 8.84pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -0.01pt; text-align: left;"><span style="padding-left: 5pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">176,613</span></div> </td> <td style="width: 8.84pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 8.84pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 4.83pt; text-align: left;"><span style="padding-left: 10pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">29,616</span></div> </td> </tr> <tr> <td style="width: 348pt; padding-top: 2.26pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 10pt; text-align: left;">Other non-current assets</div> </td> <td style="width: 8.84pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 8.84pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -0.01pt; text-align: justify;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$924,277</span></div> </td> <td style="width: 8.84pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 8.84pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 4.83pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$720,912</span></div> </td> </tr> <tr class="BRDSX_boxspacer"> <td style="height: 2.75pt; width: 348pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 8.84pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 8.84pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 37.5pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 8.84pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 8.84pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 47.16pt;"> <div style="font-size: 1pt;"> </div> </td> </tr> </table> <div class="BRDSX_h3" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; font-weight: bold; margin-top: 25.75pt; margin-left: 20pt; text-align: left;">Accrued Liabilities </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 7.5pt; margin-left: 0pt; text-indent: 20pt; text-align: left;">Accrued liabilities consisted of the following (in thousands): </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: left;"> <br/></div> <table cellpadding="0" cellspacing="0" class="BRDSX_fintab" style="width: 468pt; margin-left: auto; margin-right: auto; border-spacing: 0;"> <tr class="BRDSX_boxspacer"> <td style="height: 6pt; width: 348pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 7.05pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 7.05pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 44.63pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 7.05pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 7.05pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 47.16pt;"> <div style="font-size: 1pt;"> </div> </td> </tr> <tr class="BRDSX_header"> <td style="width: 348pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"> </div> </td> <td style="width: 7.05pt; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 7.05pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 44.63pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">June 30, </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2025</div> </td> <td style="width: 7.05pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 7.05pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">December 31, </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2024 </div> </td> </tr> <tr> <td style="width: 348pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Accrued purchases</div> </td> <td style="width: 7.05pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 7.05pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 44.63pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0.01pt; text-align: left;">$<span style="padding-left: 7.13pt;">905,707</span></div> </td> <td style="width: 7.05pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 7.05pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 4.83pt; text-align: left;">$105,733 </div> </td> </tr> <tr> <td style="width: 348pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Accrued interest</div> </td> <td style="width: 7.05pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 7.05pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 44.63pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0.01pt; text-align: left;"><span style="padding-left: 12.5pt;">219,114</span></div> </td> <td style="width: 7.05pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 7.05pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 4.83pt; text-align: left;"><span style="padding-left: 5pt;">157,310</span></div> </td> </tr> <tr> <td style="width: 348pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Other accrued liabilities</div> </td> <td style="width: 7.05pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 7.05pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 44.63pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0.01pt; text-align: left;"><span style="padding-left: 12.13pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">286,416</span></div> </td> <td style="width: 7.05pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 7.05pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 4.83pt; text-align: left;"><span style="padding-left: 10pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">92,778</span></div> </td> </tr> <tr> <td style="width: 348pt; padding-top: 2.26pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 10pt; text-align: left;">Total accrued liabilities</div> </td> <td style="width: 7.05pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 7.05pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 44.63pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0.01pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$1,411,237</span></div> </td> <td style="width: 7.05pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 7.05pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 4.83pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$355,821</span></div> </td> </tr> <tr class="BRDSX_boxspacer"> <td style="height: 2.75pt; width: 348pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 7.05pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 7.05pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 44.63pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 7.05pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 7.05pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 47.16pt;"> <div style="font-size: 1pt;"> </div> </td> </tr> </table>

114367000

67393000

41136000

143726000

33853000

299229000

101246000

308864000

207771000

145424000

117220000

102220000

56947000

56862000

107597000

0 336055000

176613000

29616000

924277000

720912000

905707000 105733000

219114000

157310000

286416000

92778000

1411237000

355821000

<div class="BRDSX_h2" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 18.5pt; margin-left: 0pt; text-align: left;">8. Leases </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 7.5pt; margin-left: 0pt; text-indent: 20pt; text-align: left;">The Company enters into leases as a lessee for data centers, office buildings, and technology equipment. </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">Leases for offices generally have an initial term of <span style="-sec-ix-hidden:Fact_3df881f68804460280ba8f1ce94a2f9a">three</span> to ten years, often with multi-year renewal periods. Data center leases generally have an initial term from <span style="-sec-ix-hidden:Fact_ed0347b138a8452ba1dc7a48d89f05dd">five</span> to fifteen years, some of which include options to extend the leases for up to ten years. </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">The components of lease cost related to operating leases for the periods presented were as follows (in thousands): </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: left;"> <br/></div> <table cellpadding="0" cellspacing="0" class="BRDSX_fintab" style="width: 468pt; margin-left: auto; margin-right: auto; border-spacing: 0;"> <tr class="BRDSX_boxspacer"> <td style="height: 6pt; width: 240pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td colspan="4" style="height: 6pt; width: 109.32pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td colspan="4" style="height: 6pt; width: 99.7pt;"> <div style="font-size: 1pt;"> </div> </td> </tr> <tr class="BRDSX_header"> <td style="width: 240pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"> </div> </td> <td style="width: 4.75pt; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td colspan="4" style="width: 109.32pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Three Months Ended June 30,</div> </td> <td style="width: 4.75pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td colspan="4" style="width: 99.7pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Six Months Ended June 30, </div> </td> </tr> <tr class="BRDSX_header"> <td style="width: 240pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"> </div> </td> <td style="width: 4.75pt; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 52.41pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2025</div> </td> <td style="width: 4.75pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.41pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2024</div> </td> <td style="width: 4.75pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45.1pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2025</div> </td> <td style="width: 4.75pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45.1pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2024 </div> </td> </tr> <tr> <td style="width: 240pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Operating lease cost</div> </td> <td style="width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 52.41pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 7.46pt; text-align: left;">$180,450</div> </td> <td style="width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.41pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 7.47pt; text-align: left;">$65,781</div> </td> <td style="width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45.1pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3.81pt; text-align: left;">$335,502</div> </td> <td style="width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45.1pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3.81pt; text-align: left;">$100,757 </div> </td> </tr> <tr> <td style="width: 240pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Variable lease cost</div> </td> <td style="width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 52.41pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 7.46pt; text-align: left;"><span style="padding-left: 10pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">57,851</span></div> </td> <td style="width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.41pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 7.47pt; text-align: left;"><span style="padding-left: 5pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">10,524</span></div> </td> <td style="width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45.1pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3.81pt; text-align: left;"><span style="padding-left: 5pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">101,780</span></div> </td> <td style="width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45.1pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3.81pt; text-align: left;"><span style="padding-left: 10pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">13,438</span></div> </td> </tr> <tr> <td style="width: 240pt; padding-top: 2.26pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 10pt; text-align: left;">Total lease cost</div> </td> <td style="width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 52.41pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 7.46pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$238,301</span></div> </td> <td style="width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.41pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 7.47pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$76,305</span></div> </td> <td style="width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45.1pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3.81pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$437,282</span></div> </td> <td style="width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45.1pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3.81pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$</span><span style="padding-left: 0.37pt; border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">114,195</span></div> </td> </tr> <tr class="BRDSX_boxspacer"> <td style="height: 2.75pt; width: 240pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 52.41pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 47.41pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 45.1pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 45.1pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> </tr> </table> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">Supplemental condensed consolidated cash flow and other information related to operating leases for the periods presented were as follows (in thousands): </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: left;"> <br/></div> <table cellpadding="0" cellspacing="0" class="BRDSX_fintab" style="width: 468pt; margin-left: auto; margin-right: auto; border-spacing: 0;"> <tr class="BRDSX_boxspacer"> <td style="height: 6pt; width: 360pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 4.45pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 4.45pt;"> <div style="font-size: 1pt;"> </div> </td> <td colspan="4" style="height: 6pt; width: 99.1pt;"> <div style="font-size: 1pt;"> </div> </td> </tr> <tr class="BRDSX_header"> <td style="width: 360pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"> </div> </td> <td style="width: 4.45pt; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.45pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td colspan="4" style="width: 99.1pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Six Months Ended June 30, </div> </td> </tr> <tr class="BRDSX_header"> <td style="width: 360pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"> </div> </td> <td style="width: 4.45pt; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.45pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.6pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2025</div> </td> <td style="width: 4.45pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.45pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 42.6pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2024 </div> </td> </tr> <tr> <td style="width: 360pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Cash paid for amounts included in the measurement of lease liabilities: </div> </td> <td style="width: 4.45pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.45pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.6pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 4.45pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.45pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 42.6pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> </tr> <tr> <td style="width: 360pt; padding-top: 1.01pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;">Operating cash flows from operating leases</div> </td> <td style="width: 4.45pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.45pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.6pt; padding-top: 1.01pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 5.05pt; text-align: left;">$301,288</div> </td> <td style="width: 4.45pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.45pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 42.6pt; padding-top: 1.01pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 5.05pt; text-align: left;">$79,428</div> </td> </tr> <tr class="BRDSX_boxspacer"> <td style="height: 2.75pt; width: 360pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.45pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.45pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 47.6pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.45pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.45pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 42.6pt;"> <div style="font-size: 1pt;"> </div> </td> </tr> </table> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6.5pt; margin-left: 0pt; text-indent: 20pt; text-align: left;">Information relating to the lease term and discount rate for operating leases were as follows: </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: left;"> <br/></div> <table cellpadding="0" cellspacing="0" class="BRDSX_fintab" style="width: 468pt; margin-left: auto; margin-right: auto; border-spacing: 0;"> <tr class="BRDSX_boxspacer"> <td style="height: 6pt; width: 372pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 4.93pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 4.93pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 29.11pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 4.93pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 4.93pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 47.16pt;"> <div style="font-size: 1pt;"> </div> </td> </tr> <tr class="BRDSX_header"> <td style="width: 372pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"> </div> </td> <td style="width: 4.93pt; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.93pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 29.11pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">June 30, </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2025</div> </td> <td style="width: 4.93pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.93pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">December 31, </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2024 </div> </td> </tr> <tr> <td style="width: 372pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Weighted-average remaining lease term (in years): </div> </td> <td style="width: 4.93pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.93pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 29.11pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 4.93pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.93pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> </tr> <tr> <td style="width: 372pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;">Operating leases</div> </td> <td style="width: 4.93pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.93pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 29.11pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 9.56pt; text-align: left;"><span style="padding-left: 5pt;">9</span></div> </td> <td style="width: 4.93pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.93pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 18.58pt; text-align: left;"><span style="padding-left: 5pt;">9</span></div> </td> </tr> <tr> <td style="width: 372pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Weighted-average discount rate: </div> </td> <td style="width: 4.93pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.93pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 29.11pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 4.93pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.93pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> </tr> <tr> <td style="width: 372pt; padding-top: 1.01pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;">Operating leases</div> </td> <td style="width: 4.93pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.93pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 29.11pt; padding-top: 1.01pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 9.56pt; text-align: left;">12%</div> </td> <td style="width: 4.93pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.93pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 18.58pt; text-align: left;">12%</div> </td> </tr> <tr class="BRDSX_boxspacer"> <td style="height: 2.75pt; width: 372pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.93pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.93pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 29.11pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.93pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.93pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 47.16pt;"> <div style="font-size: 1pt;"> </div> </td> </tr> </table> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6.75pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">The future lease payments included in the measurement of the Company’s operating lease liabilities as of June 30, 2025, were as follows (in thousands): </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: left;"> <br/></div> <table cellpadding="0" cellspacing="0" class="BRDSX_fintab" style="width: 468pt; margin-left: auto; margin-right: auto; border-spacing: 0;"> <tr class="BRDSX_boxspacer"> <td style="height: 6pt; width: 396pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 6.31pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 6.31pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 59.38pt;"> <div style="font-size: 1pt;"> </div> </td> </tr> <tr class="BRDSX_header"> <td style="width: 396pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"> </div> </td> <td style="width: 6.31pt; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.31pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 59.38pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Future Payments </div> </td> </tr> <tr class="BRDSX_header"> <td style="width: 396pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;">Years Ending December 31,</div> </td> <td style="width: 6.31pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.31pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 59.38pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Operating </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Leases </div> </td> </tr> <tr> <td style="width: 396pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Remaining portion of 2025</div> </td> <td style="width: 6.31pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.31pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 59.38pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 5.52pt; text-align: left;">$<span style="padding-left: 10.83pt;">336,597 </span></div> </td> </tr> <tr> <td style="width: 396pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">2026</div> </td> <td style="width: 6.31pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.31pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 59.38pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 5.52pt; text-align: left;"><span style="padding-left: 15.83pt;">683,723</span></div> </td> </tr> <tr> <td style="width: 396pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">2027</div> </td> <td style="width: 6.31pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.31pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 59.38pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 5.52pt; text-align: left;"><span style="padding-left: 16.2pt;">700,911</span></div> </td> </tr> <tr> <td style="width: 396pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">2028</div> </td> <td style="width: 6.31pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.31pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 59.38pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 5.52pt; text-align: left;"><span style="padding-left: 15.83pt;">710,950</span></div> </td> </tr> <tr> <td style="width: 396pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">2029</div> </td> <td style="width: 6.31pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.31pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 59.38pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 5.52pt; text-align: left;"><span style="padding-left: 15.83pt;">647,554</span></div> </td> </tr> <tr> <td style="width: 396pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Thereafter</div> </td> <td style="width: 6.31pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.31pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 59.38pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 5.52pt; text-align: left;"><span style="padding-left: 8.33pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">2,620,187</span></div> </td> </tr> <tr> <td style="width: 396pt; padding-top: 2.26pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Total undiscounted lease payments</div> </td> <td style="width: 6.31pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.31pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 59.38pt; padding-top: 2.26pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 5.52pt; text-align: left;"><span style="padding-left: 8.33pt;">5,699,922</span></div> </td> </tr> <tr> <td style="width: 396pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; margin-top: 0pt; margin-left: 0pt; text-align: left;">Less: imputed interest</div> </td> <td style="width: 6.31pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.31pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 59.38pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 5.52pt; text-align: left;"><span style="padding-left: 5pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">(2,252,450)</span></div> </td> </tr> <tr> <td style="width: 396pt; padding-top: 2.26pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 10pt; text-align: left;">Present value of lease liabilities</div> </td> <td style="width: 6.31pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.31pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 59.38pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 5.52pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$</span><span style="padding-left: 3.33pt; border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">3,447,472</span></div> </td> </tr> <tr class="BRDSX_boxspacer"> <td style="height: 2.75pt; width: 396pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 6.31pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 6.31pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 59.38pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> </tr> </table> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">As of June 30, 2025, the Company executed additional lease agreements, primarily for data centers and office buildings, that had not yet commenced. The aggregate amount of estimated future undiscounted lease payments associated with such leases is $34.0 billion. These leases will commence between 2025 and 2028 with estimated lease terms of <span style="-sec-ix-hidden:Fact_f75d00319506466dad4a4d5e80074aba">four</span> to 16 years. During the six months ended June 30, 2025, the Company modified certain agreements resulting in the termination of the related escrow agreements. As a result, $304 million of the cash held in escrow, inclusive of interest, was returned to the Company with the remaining escrow balance applied toward future lease payments at that time. These escrow funds were previously included within other non-current assets on the condensed consolidated balance sheets. </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">As of June 30, 2025, the Company had additional lease agreements for various data center locations with commencement dates subject to regulatory approvals and completion of landlord improvements. The Company may be required to make fixed lease payments of up to $0.9 billion over the next 13 years. </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">In April 2025, the Company entered into a finance lease for data center infrastructure assets with the DCSP (as defined in <span style="font-style: italic;">Note 10—Debt</span>). Refer to <span style="font-style: italic;">Note 10—Debt</span> for additional information. </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">The Company has entered into a lease agreement for various buildings located at a single site intended to be used as a data center. The agreement provides access to 133 MW of electrical power, which is expected to be delivered in phases in 2026. The Company will make contractual rent payments based on construction costs incurred by the lessor. The total contractual rent payments range from $3.8 billion to $4.8 billion over the 15 year term of this lease. </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">Additionally, the Company has entered into lease agreements whereby the Company will pay a portion of the construction costs incurred by the lessor during the construction period and during the lease term, which are considered variable lease payments. These lease agreements provide access to 135 MW of electrical power, which is expected to be delivered in phases between 2025 and 2027. </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8.5pt; margin-left: 0pt; text-indent: 20pt; text-align: left;">The Company will assess lease classification upon lease commencement. </div> <div class="BRDSX_h3" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; font-weight: bold; margin-top: 20.5pt; margin-left: 20pt; text-align: left;">Unconsolidated Joint Venture </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">In June 2025, the Company entered into a joint venture (the “JV”) with a third-party infrastructure developer to support the acquisition and development of a multi-phase data center campus in Kenilworth, New Jersey. Upon formation, the third-party infrastructure developer obtained an 85% equity interest while the Company holds the remaining 15% equity interest in the JV. The Company contributed net assets worth $57 million for its 15% equity interest. The JV will construct and develop the campus using a combination of additional debt and equity capital. </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">The Company accounts for its unconsolidated investment in the JV as an equity method investment included in other non-current assets on the condensed consolidated balance sheets. The carrying amount of the Company’s investment in the JV is $57 million as of June 30, 2025. </div>

P10Y

P15Y

P10Y

<div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">The components of lease cost related to operating leases for the periods presented were as follows (in thousands): </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: left;"> <br/></div> <table cellpadding="0" cellspacing="0" class="BRDSX_fintab" style="width: 468pt; margin-left: auto; margin-right: auto; border-spacing: 0;"> <tr class="BRDSX_boxspacer"> <td style="height: 6pt; width: 240pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td colspan="4" style="height: 6pt; width: 109.32pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td colspan="4" style="height: 6pt; width: 99.7pt;"> <div style="font-size: 1pt;"> </div> </td> </tr> <tr class="BRDSX_header"> <td style="width: 240pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"> </div> </td> <td style="width: 4.75pt; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td colspan="4" style="width: 109.32pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Three Months Ended June 30,</div> </td> <td style="width: 4.75pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td colspan="4" style="width: 99.7pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Six Months Ended June 30, </div> </td> </tr> <tr class="BRDSX_header"> <td style="width: 240pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"> </div> </td> <td style="width: 4.75pt; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 52.41pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2025</div> </td> <td style="width: 4.75pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.41pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2024</div> </td> <td style="width: 4.75pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45.1pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2025</div> </td> <td style="width: 4.75pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45.1pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2024 </div> </td> </tr> <tr> <td style="width: 240pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Operating lease cost</div> </td> <td style="width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 52.41pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 7.46pt; text-align: left;">$180,450</div> </td> <td style="width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.41pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 7.47pt; text-align: left;">$65,781</div> </td> <td style="width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45.1pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3.81pt; text-align: left;">$335,502</div> </td> <td style="width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45.1pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3.81pt; text-align: left;">$100,757 </div> </td> </tr> <tr> <td style="width: 240pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Variable lease cost</div> </td> <td style="width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 52.41pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 7.46pt; text-align: left;"><span style="padding-left: 10pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">57,851</span></div> </td> <td style="width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.41pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 7.47pt; text-align: left;"><span style="padding-left: 5pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">10,524</span></div> </td> <td style="width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45.1pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3.81pt; text-align: left;"><span style="padding-left: 5pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">101,780</span></div> </td> <td style="width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45.1pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3.81pt; text-align: left;"><span style="padding-left: 10pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">13,438</span></div> </td> </tr> <tr> <td style="width: 240pt; padding-top: 2.26pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 10pt; text-align: left;">Total lease cost</div> </td> <td style="width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 52.41pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 7.46pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$238,301</span></div> </td> <td style="width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.41pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 7.47pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$76,305</span></div> </td> <td style="width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45.1pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3.81pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$437,282</span></div> </td> <td style="width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45.1pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3.81pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$</span><span style="padding-left: 0.37pt; border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">114,195</span></div> </td> </tr> <tr class="BRDSX_boxspacer"> <td style="height: 2.75pt; width: 240pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 52.41pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 47.41pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 45.1pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 45.1pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> </tr> </table>

180450000

65781000

335502000

100757000

57851000

10524000

101780000

13438000

238301000

76305000

437282000

114195000

<div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">Supplemental condensed consolidated cash flow and other information related to operating leases for the periods presented were as follows (in thousands): </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: left;"> <br/></div> <table cellpadding="0" cellspacing="0" class="BRDSX_fintab" style="width: 468pt; margin-left: auto; margin-right: auto; border-spacing: 0;"> <tr class="BRDSX_boxspacer"> <td style="height: 6pt; width: 360pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 4.45pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 4.45pt;"> <div style="font-size: 1pt;"> </div> </td> <td colspan="4" style="height: 6pt; width: 99.1pt;"> <div style="font-size: 1pt;"> </div> </td> </tr> <tr class="BRDSX_header"> <td style="width: 360pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"> </div> </td> <td style="width: 4.45pt; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.45pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td colspan="4" style="width: 99.1pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Six Months Ended June 30, </div> </td> </tr> <tr class="BRDSX_header"> <td style="width: 360pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"> </div> </td> <td style="width: 4.45pt; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.45pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.6pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2025</div> </td> <td style="width: 4.45pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.45pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 42.6pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2024 </div> </td> </tr> <tr> <td style="width: 360pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Cash paid for amounts included in the measurement of lease liabilities: </div> </td> <td style="width: 4.45pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.45pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.6pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 4.45pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.45pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 42.6pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> </tr> <tr> <td style="width: 360pt; padding-top: 1.01pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;">Operating cash flows from operating leases</div> </td> <td style="width: 4.45pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.45pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.6pt; padding-top: 1.01pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 5.05pt; text-align: left;">$301,288</div> </td> <td style="width: 4.45pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.45pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 42.6pt; padding-top: 1.01pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 5.05pt; text-align: left;">$79,428</div> </td> </tr> <tr class="BRDSX_boxspacer"> <td style="height: 2.75pt; width: 360pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.45pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.45pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 47.6pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.45pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.45pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 42.6pt;"> <div style="font-size: 1pt;"> </div> </td> </tr> </table> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6.5pt; margin-left: 0pt; text-indent: 20pt; text-align: left;">Information relating to the lease term and discount rate for operating leases were as follows: </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: left;"> <br/></div> <table cellpadding="0" cellspacing="0" class="BRDSX_fintab" style="width: 468pt; margin-left: auto; margin-right: auto; border-spacing: 0;"> <tr class="BRDSX_boxspacer"> <td style="height: 6pt; width: 372pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 4.93pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 4.93pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 29.11pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 4.93pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 4.93pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 47.16pt;"> <div style="font-size: 1pt;"> </div> </td> </tr> <tr class="BRDSX_header"> <td style="width: 372pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"> </div> </td> <td style="width: 4.93pt; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.93pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 29.11pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">June 30, </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2025</div> </td> <td style="width: 4.93pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.93pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">December 31, </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2024 </div> </td> </tr> <tr> <td style="width: 372pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Weighted-average remaining lease term (in years): </div> </td> <td style="width: 4.93pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.93pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 29.11pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 4.93pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.93pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> </tr> <tr> <td style="width: 372pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;">Operating leases</div> </td> <td style="width: 4.93pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.93pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 29.11pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 9.56pt; text-align: left;"><span style="padding-left: 5pt;">9</span></div> </td> <td style="width: 4.93pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.93pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 18.58pt; text-align: left;"><span style="padding-left: 5pt;">9</span></div> </td> </tr> <tr> <td style="width: 372pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Weighted-average discount rate: </div> </td> <td style="width: 4.93pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.93pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 29.11pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 4.93pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.93pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> </tr> <tr> <td style="width: 372pt; padding-top: 1.01pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;">Operating leases</div> </td> <td style="width: 4.93pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.93pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 29.11pt; padding-top: 1.01pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 9.56pt; text-align: left;">12%</div> </td> <td style="width: 4.93pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.93pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 18.58pt; text-align: left;">12%</div> </td> </tr> <tr class="BRDSX_boxspacer"> <td style="height: 2.75pt; width: 372pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.93pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.93pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 29.11pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.93pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.93pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 47.16pt;"> <div style="font-size: 1pt;"> </div> </td> </tr> </table>

301288000

79428000

P9Y

0.12

336597000

683723000

700911000

710950000

647554000

2620187000

5699922000

2252450000

3447472000

34000000000

P16Y

304000000

900000000

P13Y

133

3800000000

4800000000

P15Y

135

0.85

0.15

57000000

0.15

57000000

272000000

533000000

<div class="BRDSX_h2" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 17pt; margin-left: 0pt; text-align: left;">10. Debt </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 7pt; margin-left: 0pt; text-indent: 20pt; text-align: left;">The total debt obligations are as follows (dollars in thousands): </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: left;"> <br/></div> <table cellpadding="0" cellspacing="0" class="BRDSX_fintab" style="width: 468pt; margin-left: auto; margin-right: auto; border-spacing: 0;"> <tr class="BRDSX_boxspacer"> <td style="height: 6pt; width: 192pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 11.26pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 11.26pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 57.76pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 11.26pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 11.26pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 30.2pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 11.26pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 11.26pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 49.63pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 11.26pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 11.26pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 48.33pt;"> <div style="font-size: 1pt;"> </div> </td> </tr> <tr class="BRDSX_header"> <td style="width: 192pt; padding-bottom: 1.88pt; text-align: left; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"> </div> </td> <td style="width: 11.26pt; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 11.26pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 57.76pt; padding-bottom: 1.88pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Maturities </div> </td> <td style="width: 11.26pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 11.26pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 30.2pt; padding-bottom: 1.88pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Effective </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Interest </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Rates </div> </td> <td style="width: 11.26pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 11.26pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 49.63pt; padding-bottom: 1.88pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">June 30, </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2025</div> </td> <td style="width: 11.26pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 11.26pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 48.33pt; padding-bottom: 1.88pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">December 31, </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2024 </div> </td> </tr> <tr> <td style="width: 192pt; padding-top: 1.51pt; padding-bottom: 0.88pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">DDTL 1.0 Facility</div> </td> <td style="width: 11.26pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 11.26pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 57.76pt; padding-top: 1.51pt; padding-bottom: 0.88pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; text-align: center;">March 2028</div> </td> <td style="width: 11.26pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 11.26pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 30.2pt; padding-top: 1.51pt; padding-bottom: 0.88pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 5.94pt; text-align: left;"><span style="padding-left: 8.33pt;">15%</span></div> </td> <td style="width: 11.26pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 11.26pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 49.63pt; padding-top: 1.51pt; padding-bottom: 0.88pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">$<span style="padding-left: 4.63pt;">1,782,500</span></div> </td> <td style="width: 11.26pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 11.26pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 48.33pt; padding-top: 1.51pt; padding-bottom: 0.88pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">$<span style="padding-left: 3.33pt;">2,012,500 </span></div> </td> </tr> <tr> <td style="width: 192pt; padding-top: 0.51pt; padding-bottom: 0.88pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">DDTL 2.0 Facility</div> </td> <td style="width: 11.26pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 11.26pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 57.76pt; padding-top: 0.51pt; padding-bottom: 0.88pt; text-align: center; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; text-align: center;">May 2029</div> </td> <td style="width: 11.26pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 11.26pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 30.2pt; padding-top: 0.51pt; padding-bottom: 0.88pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 5.94pt; text-align: left;"><span style="padding-left: 8.7pt;">11%</span></div> </td> <td style="width: 11.26pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 11.26pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 49.63pt; padding-top: 0.51pt; padding-bottom: 0.88pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 9.63pt;">4,953,967</span></div> </td> <td style="width: 11.26pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 11.26pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 48.33pt; padding-top: 0.51pt; padding-bottom: 0.88pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 8.33pt;">3,843,819 </span></div> </td> </tr> <tr> <td style="width: 192pt; padding-top: 0.51pt; padding-bottom: 0.88pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">2030 Senior Notes</div> </td> <td style="width: 11.26pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 11.26pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 57.76pt; padding-top: 0.51pt; padding-bottom: 0.88pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; text-align: center;">June 2030</div> </td> <td style="width: 11.26pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 11.26pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 30.2pt; padding-top: 0.51pt; padding-bottom: 0.88pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 5.94pt; text-align: left;"><span style="padding-left: 8.33pt;">10%</span></div> </td> <td style="width: 11.26pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 11.26pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 49.63pt; padding-top: 0.51pt; padding-bottom: 0.88pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 9.63pt;">2,000,000</span></div> </td> <td style="width: 11.26pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 11.26pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 48.33pt; padding-top: 0.51pt; padding-bottom: 0.88pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 38.33pt;">— </span></div> </td> </tr> <tr> <td style="width: 192pt; padding-top: 0.51pt; padding-bottom: 0.88pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">2024 Term Loan Facility</div> </td> <td style="width: 11.26pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 11.26pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 57.76pt; padding-top: 0.51pt; padding-bottom: 0.88pt; text-align: center; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; text-align: center;">April 2025</div> </td> <td style="width: 11.26pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 11.26pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 30.2pt; padding-top: 0.51pt; padding-bottom: 0.88pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 5.94pt; text-align: left;"><span style="padding-left: 8.33pt;">12%</span></div> </td> <td style="width: 11.26pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 11.26pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 49.63pt; padding-top: 0.51pt; padding-bottom: 0.88pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 39.63pt;">—</span></div> </td> <td style="width: 11.26pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 11.26pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 48.33pt; padding-top: 0.51pt; padding-bottom: 0.88pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 8.33pt;">1,000,000 </span></div> </td> </tr> <tr> <td style="width: 192pt; padding-top: 0.51pt; padding-bottom: 0.88pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Revolving Credit Facility</div> </td> <td style="width: 11.26pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 11.26pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 57.76pt; padding-top: 0.51pt; padding-bottom: 0.88pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; text-align: center;">June 2027</div> </td> <td style="width: 11.26pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 11.26pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 30.2pt; padding-top: 0.51pt; padding-bottom: 0.88pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 5.94pt; text-align: left;"><span style="padding-left: 13.33pt;">7%</span></div> </td> <td style="width: 11.26pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 11.26pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 49.63pt; padding-top: 0.51pt; padding-bottom: 0.88pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 17.13pt;">450,000</span></div> </td> <td style="width: 11.26pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 11.26pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 48.33pt; padding-top: 0.51pt; padding-bottom: 0.88pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 38.33pt;">— </span></div> </td> </tr> <tr> <td style="width: 192pt; padding-top: 0.51pt; padding-bottom: 0.88pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">OEM Financing Arrangements</div> </td> <td style="width: 11.26pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 11.26pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 57.76pt; padding-top: 0.51pt; padding-bottom: 0.88pt; text-align: center; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; text-align: center;">March 2026 – </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; text-align: center;">May 2028</div> </td> <td style="width: 11.26pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 11.26pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 30.2pt; padding-top: 0.51pt; padding-bottom: 0.88pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 5.94pt; text-align: left;">9-10%</div> </td> <td style="width: 11.26pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 11.26pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 49.63pt; padding-top: 0.51pt; padding-bottom: 0.88pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 9.63pt;">1,728,388</span></div> </td> <td style="width: 11.26pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 11.26pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 48.33pt; padding-top: 0.51pt; padding-bottom: 0.88pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 8.33pt;">1,177,158 </span></div> </td> </tr> <tr> <td style="width: 192pt; padding-top: 0.51pt; padding-bottom: 2.13pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Magnetar Loan</div> </td> <td style="width: 11.26pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 11.26pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 57.76pt; padding-top: 0.51pt; padding-bottom: 2.13pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; text-align: center;">January 2029</div> </td> <td style="width: 11.26pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 11.26pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 30.2pt; padding-top: 0.51pt; padding-bottom: 2.13pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 5.94pt; text-align: left;"><span style="padding-left: 8.33pt;">12%</span></div> </td> <td style="width: 11.26pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 11.26pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 49.63pt; padding-top: 0.51pt; padding-bottom: 2.13pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 17.13pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">256,630</span></div> </td> <td style="width: 11.26pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 11.26pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 48.33pt; padding-top: 0.51pt; padding-bottom: 2.13pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 38.33pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">— </span></div> </td> </tr> <tr> <td style="width: 192pt; padding-top: 1.76pt; padding-bottom: 0.88pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Total principal of debt</div> </td> <td style="width: 11.26pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 11.26pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 57.76pt; padding-top: 1.76pt; padding-bottom: 0.88pt; text-align: center; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 11.26pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 11.26pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 30.2pt; padding-top: 1.76pt; padding-bottom: 0.88pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 11.26pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 11.26pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 49.63pt; padding-top: 1.76pt; padding-bottom: 0.88pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 5pt;">11,171,485</span></div> </td> <td style="width: 11.26pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 11.26pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 48.33pt; padding-top: 1.76pt; padding-bottom: 0.88pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 8.33pt;">8,033,477 </span></div> </td> </tr> <tr> <td style="width: 192pt; padding-top: 0.51pt; padding-bottom: 2.13pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; margin-top: 0pt; margin-left: 10pt; text-indent: -10pt; text-align: left;">Less: Unamortized discount and issuance costs</div> </td> <td style="width: 11.26pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 11.26pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 57.76pt; padding-top: 0.51pt; padding-bottom: 2.13pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 11.26pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 11.26pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 30.2pt; padding-top: 0.51pt; padding-bottom: 2.13pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 11.26pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 11.26pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 49.63pt; padding-top: 0.51pt; padding-bottom: 2.13pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 14.17pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">(119,984)</span></div> </td> <td style="width: 11.26pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 11.26pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 48.33pt; padding-top: 0.51pt; padding-bottom: 2.13pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 12.5pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">(107,137)</span><span style="padding-bottom: 1.5pt;"> </span></div> </td> </tr> <tr> <td style="width: 192pt; padding-top: 1.76pt; padding-bottom: 0.88pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 10pt; text-indent: -10pt; text-align: left;">Total debt, net of unamortized discount and issuance costs</div> </td> <td style="width: 11.26pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 11.26pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 57.76pt; padding-top: 1.76pt; padding-bottom: 0.88pt; text-align: center; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 11.26pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 11.26pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 30.2pt; padding-top: 1.76pt; padding-bottom: 0.88pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 11.26pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 11.26pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 49.63pt; padding-top: 1.76pt; padding-bottom: 0.88pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 5pt;">11,051,501</span></div> </td> <td style="width: 11.26pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 11.26pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 48.33pt; padding-top: 1.76pt; padding-bottom: 0.88pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 8.33pt;">7,926,340 </span></div> </td> </tr> <tr> <td style="width: 192pt; padding-top: 0.51pt; padding-bottom: 2.13pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; margin-top: 0pt; margin-left: 0pt; text-align: left;">Less: Debt, current</div> </td> <td style="width: 11.26pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 11.26pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 57.76pt; padding-top: 0.51pt; padding-bottom: 2.13pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 11.26pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 11.26pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 30.2pt; padding-top: 0.51pt; padding-bottom: 2.13pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 11.26pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 11.26pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 49.63pt; padding-top: 0.51pt; padding-bottom: 2.13pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 6.3pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">(3,627,664)</span></div> </td> <td style="width: 11.26pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 11.26pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 48.33pt; padding-top: 0.51pt; padding-bottom: 2.13pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 5pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">(2,468,425)</span><span style="padding-bottom: 1.5pt;"> </span></div> </td> </tr> <tr> <td style="width: 192pt; padding-top: 1.76pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 10pt; text-align: left;">Total debt, non-current</div> </td> <td style="width: 11.26pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 11.26pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 57.76pt; padding-top: 1.76pt; text-align: center; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 11.26pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 11.26pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 30.2pt; padding-top: 1.76pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 11.26pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 11.26pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 49.63pt; padding-top: 1.76pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$</span><span style="padding-left: 4.63pt; border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">7,423,837</span></div> </td> <td style="width: 11.26pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 11.26pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 48.33pt; padding-top: 1.76pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$</span><span style="padding-left: 3.33pt; border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">5,457,915</span></div> </td> </tr> <tr class="BRDSX_boxspacer"> <td style="height: 2.75pt; width: 192pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 11.26pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 11.26pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 57.76pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 11.26pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 11.26pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 30.2pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 11.26pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 11.26pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 49.63pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 11.26pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 11.26pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 48.33pt;"> <div style="font-size: 1pt;"> </div> </td> </tr> </table> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6.75pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">As of June 30, 2025, the future principal payments for the Company’s total debt were as follows (in thousands): </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: left;"> <br/></div> <table cellpadding="0" cellspacing="0" class="BRDSX_fintab" style="width: 468pt; margin-left: auto; margin-right: auto; border-spacing: 0;"> <tr class="BRDSX_boxspacer"> <td style="height: 6pt; width: 384pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 17.18pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 17.18pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 49.63pt;"> <div style="font-size: 1pt;"> </div> </td> </tr> <tr class="BRDSX_header"> <td style="width: 384pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;">Years Ending December 31,</div> </td> <td style="width: 17.18pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 17.18pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 49.63pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Amount </div> </td> </tr> <tr> <td style="width: 384pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Remaining portion of 2025</div> </td> <td style="width: 17.18pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 17.18pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 49.63pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0.01pt; text-align: left;">$<span style="padding-left: 12.13pt;">986,052 </span></div> </td> </tr> <tr> <td style="width: 384pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">2026</div> </td> <td style="width: 17.18pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 17.18pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 49.63pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0.01pt; text-align: left;"><span style="padding-left: 9.63pt;">4,218,457</span></div> </td> </tr> <tr> <td style="width: 384pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">2027</div> </td> <td style="width: 17.18pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 17.18pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 49.63pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0.01pt; text-align: left;"><span style="padding-left: 9.63pt;">2,833,142</span></div> </td> </tr> <tr> <td style="width: 384pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">2028</div> </td> <td style="width: 17.18pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 17.18pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 49.63pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0.01pt; text-align: left;"><span style="padding-left: 9.63pt;">1,010,054</span></div> </td> </tr> <tr> <td style="width: 384pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">2029</div> </td> <td style="width: 17.18pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 17.18pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 49.63pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0.01pt; text-align: left;"><span style="padding-left: 17.13pt;">123,780</span></div> </td> </tr> <tr> <td style="width: 384pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Thereafter</div> </td> <td style="width: 17.18pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 17.18pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 49.63pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0.01pt; text-align: left;"><span style="padding-left: 9.63pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">2,000,000</span></div> </td> </tr> <tr> <td style="width: 384pt; padding-top: 2.26pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 10pt; text-align: left;">Total</div> </td> <td style="width: 17.18pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 17.18pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 49.63pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0.01pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$11,171,485</span></div> </td> </tr> <tr class="BRDSX_boxspacer"> <td style="height: 2.75pt; width: 384pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 17.18pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 17.18pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 49.63pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> </tr> </table> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6.5pt; margin-left: 0pt; text-indent: 20pt; text-align: left;">The total interest expense for the Company’s debt obligations was as follows (in thousands): </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: left;"> <br/></div> <table cellpadding="0" cellspacing="0" class="BRDSX_fintab" style="width: 468pt; margin-left: auto; margin-right: auto; border-spacing: 0;"> <tr class="BRDSX_boxspacer"> <td style="height: 6pt; width: 240pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td colspan="4" style="height: 6pt; width: 109.32pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td colspan="4" style="height: 6pt; width: 99.7pt;"> <div style="font-size: 1pt;"> </div> </td> </tr> <tr class="BRDSX_header"> <td style="width: 240pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"> </div> </td> <td style="width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt; border-bottom: none;"> <div style="font-size: 1pt;"> </div> </td> <td colspan="4" style="width: 109.32pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Three Months Ended June 30,</div> </td> <td style="width: 4.75pt; border-bottom: none;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt; border-bottom: none;"> <div style="font-size: 1pt;"> </div> </td> <td colspan="4" style="width: 99.7pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Six Months Ended June 30, </div> </td> </tr> <tr class="BRDSX_header"> <td style="width: 240pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"> </div> </td> <td style="width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt; border-bottom: none;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 49.91pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2025</div> </td> <td style="width: 4.75pt; border-bottom: none;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt; border-bottom: none;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 49.91pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2024</div> </td> <td style="width: 4.75pt; border-bottom: none;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt; border-bottom: none;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45.1pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2025</div> </td> <td style="width: 4.75pt; border-bottom: none;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt; border-bottom: none;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45.1pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2024 </div> </td> </tr> <tr> <td style="width: 240pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Contractual interest expense</div> </td> <td style="width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 49.91pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 6.21pt; text-align: left;">$250,312</div> </td> <td style="width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 49.91pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 6.22pt; text-align: left;">$100,237</div> </td> <td style="width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45.1pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3.81pt; text-align: left;">$483,084</div> </td> <td style="width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45.1pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3.81pt; text-align: left;">$164,859 </div> </td> </tr> <tr> <td style="width: 240pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-indent: -10pt; text-align: left;">Amortization of debt discounts and issuance costs and accretion of redemption premiums</div> </td> <td style="width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 49.91pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 6.21pt; text-align: left;"><span style="padding-left: 10pt;">29,036</span></div> </td> <td style="width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 49.91pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 6.22pt; text-align: left;"><span style="padding-left: 15pt;">7,547</span></div> </td> <td style="width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45.1pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3.81pt; text-align: left;"><span style="padding-left: 10pt;">66,727</span></div> </td> <td style="width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45.1pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3.81pt; text-align: left;"><span style="padding-left: 10pt;">15,605</span></div> </td> </tr> <tr> <td style="width: 240pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; margin-top: 0pt; margin-left: 0pt; text-align: left;">Less: capitalized interest</div> </td> <td style="width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 49.91pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 6.21pt; text-align: left;"><span style="padding-left: 6.67pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">(23,186)</span></div> </td> <td style="width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 49.91pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 6.22pt; text-align: left;"><span style="padding-left: 6.67pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">(40,687)</span></div> </td> <td style="width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45.1pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3.81pt; text-align: left;"><span style="padding-left: 6.67pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">(36,278)</span></div> </td> <td style="width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45.1pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3.81pt; text-align: left;"><span style="padding-left: 6.67pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">(72,864)</span></div> </td> </tr> <tr> <td style="width: 240pt; padding-top: 2.26pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 10pt; text-align: left;">Total</div> </td> <td style="width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 49.91pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 6.21pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$256,162</span></div> </td> <td style="width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 49.91pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 6.22pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$</span><span style="padding-left: 5pt; border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">67,097</span></div> </td> <td style="width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45.1pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3.81pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$513,533</span></div> </td> <td style="width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45.1pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3.81pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$107,600</span></div> </td> </tr> <tr class="BRDSX_boxspacer"> <td style="height: 2.75pt; width: 240pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 49.91pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 49.91pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 45.1pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 45.1pt;"> <div style="font-size: 1pt;"> </div> </td> </tr> </table> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">As of June 30, 2025, the Company's weighted-average interest rate on short-term debt instruments, which was comprised of the Magnetar Loan, and certain of the OEM Financing Arrangements, was 12.3%. As of December 31, 2024, the Company's weighted-average interest rate on short-term debt instruments, which was comprised of the 2024 Term Loan Facility, was 9.6%. </div> <div class="BRDSX_h3" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; font-weight: bold; margin-top: 20.5pt; margin-left: 20pt; text-align: left;">Delayed Draw Term Loans </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">In July 2023, the Company entered into a Delayed Draw Term Loan 1.0 Facility (as amended, the “DDTL 1.0 Facility”), which provided for a delayed draw term loan facility of up to $2.3 billion. In May 2024, the Company entered into a Delayed Draw Term Loan 2.0 Facility (as amended, the “DDTL 2.0 Facility”), which provides for another delayed draw term loan facility of up to $7.6 billion. The principal amount of the DDTL 1.0 Facility is required to be repaid in quarterly installments, with the final balloon payment due on March 28, 2028. </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">Under the DDTL 2.0 Facility, additional loans may be drawn until June 2025, with an option to extend the commitment period by three months subject to lender consent. In June, 2025, the Company extended the commitment period to September, 2025. The principal amount of the DDTL 2.0 Facility is required to be repaid in quarterly installments, beginning in January 2026, with the final balloon payment due five years after the applicable loan was funded. The total loans available are constrained by the purchase price of assets for which the loans are being used to finance with such percentage based upon the depreciable cost of graphics processing unit (“GPU”) servers. </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">The Company’s DDTL 1.0 Facility and DDTL 2.0 Facility require the Company to maintain certain restricted cash balances. The Company is required to maintain restricted cash equal to 4.00% of the drawn balance on the DDTL 1.0 Facility, but in no event greater than $56 million. As of each of June 30, 2025 and December 31, 2024, $56 million was restricted cash in relation to the DDTL 1.0 Facility. Prior to the IPO, the Company was required to maintain restricted cash equal to 2.00% of the drawn balance on the DDTL 2.0 Facility, which was $77 million as of December 31, 2024. In connection with the IPO, the restricted cash requirement was reduced to 1.00% of the drawn balance on the DDTL 2.0 Facility, which was $50 million as of June 30, 2025. </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">Additionally, at the closing of the IPO, the Company became subject to a requirement to fund $500 million into designated escrow accounts in connection with the DDTL 2.0 Facility, which was classified as restricted cash and cash equivalents, current, on the condensed consolidated balance sheets as of March 31, 2025. In April 2025, the conditions requiring restriction of this amount were lifted and the $500 million previously classified as restricted cash in connection with the DDTL 2.0 Facility was no longer restricted. </div> <div class="BRDSX_h3" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; font-weight: bold; margin-top: 6.75pt; margin-left: 20pt; text-align: left;">Revolving Credit Facility </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">In June 2024, and as amended in October and December 2024, the Company entered into a senior secured revolving credit facility (as amended, the “Revolving Credit Facility”) with a capacity of $650 million. The Revolving Credit Facility matures on June 21, 2027. The Revolving Credit Facility included a $175 million letter of credit sub-facility. The letter of credit sub-facility entered into by the Company reduces the available borrowing capacity under the Revolving Credit Facility. In May 2025, the Company upsized the Revolving Credit Facility with a capacity of $1.5 billion. With the upsize of the Revolving Credit Facility, the letter of credit sub-facility increased to $350 million. As of June 30, 2025 and December 31, 2024, the amounts associated with outstanding letters of credit were $11 million and $0 million, respectively. </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">As of December 31, 2024, the Company had not drawn on the Revolving Credit Facility. As of June 30, 2025, the Company had drawn $450 million and had $1.0 billion of remaining capacity under the Revolving Credit Facility (after giving effect to the outstanding letters of credit). Obligations outstanding under the Revolving Credit Facility are secured by pledges of certain assets as collateral. The Company is required to pay a fee of 0.25% per annum on the average undrawn commitment. </div> <div class="BRDSX_h3" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; font-weight: bold; margin-top: 15pt; margin-left: 20pt; text-align: left;">2030 Senior Notes </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">In May 2025, the Company issued $2.0 billion in aggregate principal amount of senior notes due 2030 (the “2030 Senior Notes”) in a private placement offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended. The 2030 Senior Notes were issued pursuant to an indenture, dated as of May 27, 2025 (the “Indenture”). The proceeds from the issuance of the 2030 Senior Notes were retained for general corporate purposes. In conjunction with the issuance of the 2030 Senior Notes, the Company capitalized $37 million in debt issuance costs. </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">The 2030 Senior Notes are unsecured obligations. The 2030 Senior Notes will mature on June 1, 2030 and bear interest at a rate of 9.25% per annum, payable semi-annually in cash in arrears on June 1 and December 1 of each year, beginning on December 1, 2025. </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">The Company may redeem all or a portion of the 2030 Senior Notes at any time prior to June 1, 2027 at a redemption price equal to 100% of the aggregate principal amount, plus accrued and unpaid interest and a “make-whole” premium as provided in the Indenture. The Company may redeem all or a portion of the 2030 Senior Notes at any time on or after June 1, 2027 at the redemption prices set forth in the Indenture. At any time prior to June 1, 2027, up to 40% of the aggregate principal amount of the 2030 Senior Notes may be redeemed with the net cash proceeds from certain equity offerings, at the redemption price specified in the Indenture. </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">The 2030 Senior Notes includes customary terms and covenants, including certain events of default, after which the 2030 Senior Notes may be due and payable immediately. In addition, if the Company experiences certain change of control events, as described in the Indenture, the Company will be required to make an offer to repurchase some or all of the 2030 Senior Notes at a price equal to 101% of the principal amount of the 2030 Senior Notes to be repurchased plus accrued and unpaid interest. </div> <div class="BRDSX_h3" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; font-weight: bold; margin-top: 15pt; margin-left: 20pt; text-align: left;">2024 Term Loan Facility </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">In December 2024, the Company entered into a credit agreement providing for a $1.0 billion term loan facility (the “2024 Term Loan Facility”) consisting of (i) a $229 million secured facility and (ii) a $771 million unsecured facility. In connection with the IPO, the maturity date of the 2024 Term Loan Facility was accelerated, and it was repaid on April 11, 2025. </div> <div class="BRDSX_h3" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; font-weight: bold; margin-top: 15pt; margin-left: 20pt; text-align: left;">Magnetar Loan </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">In August 2024, the Company entered into an AI Computing Service Reserved Capacity and Prepayment Agreement with MagAI Ventures (the “MagAI Capacity Agreement”). Under this arrangement, the Company will provide portfolio companies of MagAI Ventures with a pre-determined amount of cloud computing services at a pre-negotiated hourly rate. The specific amount of cloud computing services, inclusive of the capacity and term, to be used by each portfolio company, if any, will be negotiated individually with each portfolio company, and will be subject to final approval by MagAI Ventures. The Company received a refundable deposit of $230 million in connection with the MagAI Capacity Agreement. Any consumption of cloud services by MagAI Ventures, including by their portfolio companies, under this arrangement is deducted from this deposit amount, with the unused portion </div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6.75pt; margin-left: 0pt; text-align: justify;">refunded back to MagAI Ventures at the end of the contractual term. Throughout the term of the arrangement, if MagAI Ventures portfolio companies do not contract for the full amount of the pre-determined cloud computing services, the Company may agree with MagAI Ventures to instead use this available capacity for other customers, and share profits with MagAI Ventures for any revenue realized above the revenue that would have been generated by charging these customers the MagAI Ventures pre-negotiated rate. </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">The initial MagAI Capacity Agreement provided for certain termination options for MagAI Ventures, including if a specified amount of capacity is not available by a target commencement date. The MagAI Capacity Agreement runs for an initial period of four years, with an option for MagAI Ventures to extend for <span style="-sec-ix-hidden:Fact_a8deae802b72499395b6fa74b1f523d8">two</span> additional years. As of December 31, 2024, the refundable deposit was included within other current liabilities on the condensed consolidated balance sheets, as no services had yet been provided under this arrangement. </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">In February 2025, the MagAI Capacity Agreement was amended to provide certain termination for convenience rights to both MagAI Ventures and the Company. As a result of the amendment, the Company now considers the refundable deposit received from Magnetar to be in-substance debt (the “Magnetar Loan”) under ASC 470, <span style="font-style: italic;">Sale of Future Revenue</span>, and has reclassified the balance to debt, current on the condensed consolidated balance sheets. No services had been provided under the MagAI Capacity Agreement as of June 30, 2025. </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">As of June 30, 2025, the $230 million refundable deposit remains available for cloud computing services for MagAI Ventures' portfolio companies. Upon such termination by either party, the unused portion of the $230 million deposit will be refunded along with a specified multiplier that increases over the term of the arrangement that equates to a 12% annual rate of return. As of June 30, 2025, the Company had $257 million classified as debt, current, including $27 million of redemption premiums, on the condensed consolidated balance sheets. The accretion of the redemption premiums was recognized in interest expense, net in the condensed consolidated statements of operations during the six months ended June 30, 2025. </div> <div class="BRDSX_h3" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; font-weight: bold; margin-top: 18.5pt; margin-left: 20pt; text-align: left;">2021 Convertible Senior Secured Notes </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">In October 2021, the Company executed a note issuance agreement and a note purchase agreement with a related party for the issuance of an aggregate principal amount of up to $50 million of convertible senior secured notes (the “2021 Convertible Senior Secured Notes”). The Company determined that the conversion features, the accelerated redemption features, the variability in interest payments, and the Company’s redemption option were required to be bifurcated and accounted for as an embedded derivative. The investors elected to convert all of the outstanding 2021 Convertible Senior Secured Notes on September 17, 2024, pursuant to the original terms of the conversion feature. </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">For the three and six months ended June 30, 2024, the Company recorded losses related to the fair value adjustment of these derivative liabilities of $262 million and $344 million, respectively. During the three and six months ended June 30, 2024, total interest costs for the 2021 Convertible Senior Secured Notes were $3 million and $6 million, respectively, comprised of coupon interest of $1 million and $3 million, respectively, and amortization of debt discounts and issuance costs of $2 million and $3 million, respectively. </div> <div class="BRDSX_h3" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; font-weight: bold; margin-top: 18.5pt; margin-left: 20pt; text-align: left;">OEM Financing Arrangements </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">The Company entered into various agreements with original equipment manufacturers (the “OEM Financing Arrangements”), whereby the Company obtained financing for certain equipment with an aggregate notional balance of $2.2 billion and $1.3 billion as of June 30, 2025 and December 31, 2024, respectively. The Company granted a security interest for the financed equipment related to these financing agreements. These agreements generally have terms between <span style="-sec-ix-hidden:Fact_d340228b7562416a8f7b3f0c0276ca10">two</span> to three years. </div> <div class="BRDSX_h3" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; font-weight: bold; margin-top: 19pt; margin-left: 20pt; text-align: left;">DCSP Financing Arrangements </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">In June 2023, the Company entered into a service agreement (the “DCSP Service Agreement”) with a data center service provider (the “DCSP”). Under the DCSP Service Agreement, the DCSP will design, purchase, build, and manage a data center providing access to up to 78 MW of electrical power to be delivered in phases. Separately, during the year ended December 31, 2024, the Company purchased $116 million of critical infrastructure assets to support the data center site (the “Existing Critical Infrastructure Assets”). </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">In October 2024, the Company, as a lender, entered into a Senior Secured Delayed Draw Term Loan Credit Agreement (the “DCSP Note Receivable,” and collectively, with the DCSP Service Agreement, the “DCSP </div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6.75pt; margin-left: 0pt; text-align: justify;">Financing Arrangements”) with the DCSP to facilitate the purchase of critical infrastructure assets. The DCSP Note Receivable provides for a total commitment of up to $305 million in delayed draw term loan funding for a term of seven years with a stated interest rate of 13.00% per annum. </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">The DCSP Note Receivable is secured by the new and existing critical infrastructure assets that support current and future phases of the build out at the data center and is prepayable at any time by the DCSP with no penalty. </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">The DCSP has borrowed under the DCSP Note Receivable to settle amounts previously advanced to the DCSP by the Company, finance purchases of additional critical infrastructure assets, and purchase the Existing Critical Infrastructure Assets. Under the terms of the DCSP Service Agreement, the Company continues to control the Existing Critical Infrastructure Assets and the Company recorded a financing obligation related to the consideration received for the Existing Critical Infrastructure Assets. The financing obligation is payable over a term of 14 years and has an imputed interest rate of 15%. The Existing Critical Infrastructure Assets are included in property and equipment, net, on the condensed consolidated balance sheets and are depreciated over their estimated useful life. </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">Additionally, the Company entered into a lease for data center infrastructure assets with the DCSP. The arrangement commenced in April 2025 and is accounted for as a finance lease, with an initial term of 14 years and an imputed interest rate of 13%. The Company recorded finance lease right-of-use assets acquired through lease liability of $123 million for the six months ended June 30, 2025 associated with this arrangement. For the three and six months ended June 30, 2025, amortization expense recognized related to this finance lease right-of-use asset was not material. </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">As of June 30, 2025, the future payments under the financing obligation and finance lease due to the DCSP were as follows (in thousands): </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: left;"> <br/></div> <table cellpadding="0" cellspacing="0" class="BRDSX_fintab" style="width: 468pt; margin-left: auto; margin-right: auto; border-spacing: 0;"> <tr class="BRDSX_boxspacer"> <td style="height: 6pt; width: 360pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 5.24pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 5.24pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 40.83pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 5.24pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 5.24pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 46.2pt;"> <div style="font-size: 1pt;"> </div> </td> </tr> <tr class="BRDSX_header"> <td style="width: 360pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;">Years Ending December 31,</div> </td> <td style="width: 5.24pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.24pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 40.83pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Financing </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">obligation</div> </td> <td style="width: 5.24pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.24pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 46.2pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Finance lease </div> </td> </tr> <tr> <td style="width: 360pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Remaining portion of 2025</div> </td> <td style="width: 5.24pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.24pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 40.83pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">$<span style="padding-left: 13.33pt;">9,835</span></div> </td> <td style="width: 5.24pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.24pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 46.2pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 2.69pt; text-align: left;">$<span style="padding-left: 13.33pt;">9,360 </span></div> </td> </tr> <tr> <td style="width: 360pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">2026</div> </td> <td style="width: 5.24pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.24pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 40.83pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 13.33pt;">19,658</span></div> </td> <td style="width: 5.24pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.24pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 46.2pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 2.69pt; text-align: left;"><span style="padding-left: 13.33pt;">18,720</span></div> </td> </tr> <tr> <td style="width: 360pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">2027</div> </td> <td style="width: 5.24pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.24pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 40.83pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 13.33pt;">19,645</span></div> </td> <td style="width: 5.24pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.24pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 46.2pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 2.69pt; text-align: left;"><span style="padding-left: 13.33pt;">18,720</span></div> </td> </tr> <tr> <td style="width: 360pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">2028</div> </td> <td style="width: 5.24pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.24pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 40.83pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 13.33pt;">19,630</span></div> </td> <td style="width: 5.24pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.24pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 46.2pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 2.69pt; text-align: left;"><span style="padding-left: 13.33pt;">18,720</span></div> </td> </tr> <tr> <td style="width: 360pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">2029</div> </td> <td style="width: 5.24pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.24pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 40.83pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 13.33pt;">19,616</span></div> </td> <td style="width: 5.24pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.24pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 46.2pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 2.69pt; text-align: left;"><span style="padding-left: 13.33pt;">18,720</span></div> </td> </tr> <tr> <td style="width: 360pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Thereafter</div> </td> <td style="width: 5.24pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.24pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 40.83pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 8.33pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">175,800</span></div> </td> <td style="width: 5.24pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.24pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 46.2pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 2.69pt; text-align: left;"><span style="padding-left: 8.33pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">168,480</span></div> </td> </tr> <tr> <td style="width: 360pt; padding-top: 2.26pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Total future payments</div> </td> <td style="width: 5.24pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.24pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 40.83pt; padding-top: 2.26pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 8.33pt;">264,184</span></div> </td> <td style="width: 5.24pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.24pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 46.2pt; padding-top: 2.26pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 2.69pt; text-align: left;"><span style="padding-left: 8.33pt;">252,720</span></div> </td> </tr> <tr> <td style="width: 360pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Less: amount representing interest</div> </td> <td style="width: 5.24pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.24pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 40.83pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 5pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">(149,548)</span></div> </td> <td style="width: 5.24pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.24pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 46.2pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 2.69pt; text-align: left;"><span style="padding-left: 5pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">(130,350)</span></div> </td> </tr> <tr> <td style="width: 360pt; padding-top: 2.26pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 10pt; text-align: left;">Total</div> </td> <td style="width: 5.24pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.24pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 40.83pt; padding-top: 2.26pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 8.7pt;">114,636</span></div> </td> <td style="width: 5.24pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.24pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 46.2pt; padding-top: 2.26pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 2.69pt; text-align: left;"><span style="padding-left: 8.33pt;">122,370</span></div> </td> </tr> <tr> <td style="width: 360pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;">Less: current portion</div> </td> <td style="width: 5.24pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.24pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 40.83pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 15pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">(2,910)</span></div> </td> <td style="width: 5.24pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.24pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 46.2pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 2.69pt; text-align: left;"><span style="padding-left: 15pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">(3,682)</span></div> </td> </tr> <tr> <td style="width: 360pt; padding-top: 2.26pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Long-term portion</div> </td> <td style="width: 5.24pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.24pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 40.83pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$</span><span style="padding-left: 4.07pt; border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">111,726</span></div> </td> <td style="width: 5.24pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.24pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 46.2pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 2.69pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$</span><span style="padding-left: 3.7pt; border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">118,688</span></div> </td> </tr> <tr class="BRDSX_boxspacer"> <td style="height: 2.75pt; width: 360pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 5.24pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 5.24pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 40.83pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 5.24pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 5.24pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 46.2pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> </tr> </table> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">The DCSP Financing Arrangements allow for the net settlement of amounts due between the parties and meet the criteria for right of setoff in accordance with ASC 210, <span style="font-style: italic;">Balance Sheet</span>. As of June 30, 2025, the gross amount of the DCSP Note Receivable was $288 million, which is presented net of the financing obligation and finance lease of $237 million. As of December 31, 2024, the gross amount of the DCSP Note Receivable was $224 million, which is presented net of the financing obligation of $116 million. The Company did not recognize any interest income during the year ended December 31, 2024, as the Company did not expect to be entitled to the accrued interest. The Company began recognizing interest income associated with this arrangement in March 2025. For the three and six months ended June 30, 2025, the Company recognized $6 million and $9 million of interest income in other income (expense), net in the condensed consolidated statements of operations, respectively. The total interest expense related to the financing obligation and finance lease associated with this arrangement for the three and six months ended June 30, 2025 was $8 million and $12 million, respectively. </div>

<div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 7pt; margin-left: 0pt; text-indent: 20pt; text-align: left;">The total debt obligations are as follows (dollars in thousands): </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: left;"> <br/></div> <table cellpadding="0" cellspacing="0" class="BRDSX_fintab" style="width: 468pt; margin-left: auto; margin-right: auto; border-spacing: 0;"> <tr class="BRDSX_boxspacer"> <td style="height: 6pt; width: 192pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 11.26pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 11.26pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 57.76pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 11.26pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 11.26pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 30.2pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 11.26pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 11.26pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 49.63pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 11.26pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 11.26pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 48.33pt;"> <div style="font-size: 1pt;"> </div> </td> </tr> <tr class="BRDSX_header"> <td style="width: 192pt; padding-bottom: 1.88pt; text-align: left; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"> </div> </td> <td style="width: 11.26pt; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 11.26pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 57.76pt; padding-bottom: 1.88pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Maturities </div> </td> <td style="width: 11.26pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 11.26pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 30.2pt; padding-bottom: 1.88pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Effective </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Interest </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Rates </div> </td> <td style="width: 11.26pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 11.26pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 49.63pt; padding-bottom: 1.88pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">June 30, </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2025</div> </td> <td style="width: 11.26pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 11.26pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 48.33pt; padding-bottom: 1.88pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">December 31, </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2024 </div> </td> </tr> <tr> <td style="width: 192pt; padding-top: 1.51pt; padding-bottom: 0.88pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">DDTL 1.0 Facility</div> </td> <td style="width: 11.26pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 11.26pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 57.76pt; padding-top: 1.51pt; padding-bottom: 0.88pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; text-align: center;">March 2028</div> </td> <td style="width: 11.26pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 11.26pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 30.2pt; padding-top: 1.51pt; padding-bottom: 0.88pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 5.94pt; text-align: left;"><span style="padding-left: 8.33pt;">15%</span></div> </td> <td style="width: 11.26pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 11.26pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 49.63pt; padding-top: 1.51pt; padding-bottom: 0.88pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">$<span style="padding-left: 4.63pt;">1,782,500</span></div> </td> <td style="width: 11.26pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 11.26pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 48.33pt; padding-top: 1.51pt; padding-bottom: 0.88pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">$<span style="padding-left: 3.33pt;">2,012,500 </span></div> </td> </tr> <tr> <td style="width: 192pt; padding-top: 0.51pt; padding-bottom: 0.88pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">DDTL 2.0 Facility</div> </td> <td style="width: 11.26pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 11.26pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 57.76pt; padding-top: 0.51pt; padding-bottom: 0.88pt; text-align: center; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; text-align: center;">May 2029</div> </td> <td style="width: 11.26pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 11.26pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 30.2pt; padding-top: 0.51pt; padding-bottom: 0.88pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 5.94pt; text-align: left;"><span style="padding-left: 8.7pt;">11%</span></div> </td> <td style="width: 11.26pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 11.26pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 49.63pt; padding-top: 0.51pt; padding-bottom: 0.88pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 9.63pt;">4,953,967</span></div> </td> <td style="width: 11.26pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 11.26pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 48.33pt; padding-top: 0.51pt; padding-bottom: 0.88pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 8.33pt;">3,843,819 </span></div> </td> </tr> <tr> <td style="width: 192pt; padding-top: 0.51pt; padding-bottom: 0.88pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">2030 Senior Notes</div> </td> <td style="width: 11.26pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 11.26pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 57.76pt; padding-top: 0.51pt; padding-bottom: 0.88pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; text-align: center;">June 2030</div> </td> <td style="width: 11.26pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 11.26pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 30.2pt; padding-top: 0.51pt; padding-bottom: 0.88pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 5.94pt; text-align: left;"><span style="padding-left: 8.33pt;">10%</span></div> </td> <td style="width: 11.26pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 11.26pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 49.63pt; padding-top: 0.51pt; padding-bottom: 0.88pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 9.63pt;">2,000,000</span></div> </td> <td style="width: 11.26pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 11.26pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 48.33pt; padding-top: 0.51pt; padding-bottom: 0.88pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 38.33pt;">— </span></div> </td> </tr> <tr> <td style="width: 192pt; padding-top: 0.51pt; padding-bottom: 0.88pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">2024 Term Loan Facility</div> </td> <td style="width: 11.26pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 11.26pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 57.76pt; padding-top: 0.51pt; padding-bottom: 0.88pt; text-align: center; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; text-align: center;">April 2025</div> </td> <td style="width: 11.26pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 11.26pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 30.2pt; padding-top: 0.51pt; padding-bottom: 0.88pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 5.94pt; text-align: left;"><span style="padding-left: 8.33pt;">12%</span></div> </td> <td style="width: 11.26pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 11.26pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 49.63pt; padding-top: 0.51pt; padding-bottom: 0.88pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 39.63pt;">—</span></div> </td> <td style="width: 11.26pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 11.26pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 48.33pt; padding-top: 0.51pt; padding-bottom: 0.88pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 8.33pt;">1,000,000 </span></div> </td> </tr> <tr> <td style="width: 192pt; padding-top: 0.51pt; padding-bottom: 0.88pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Revolving Credit Facility</div> </td> <td style="width: 11.26pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 11.26pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 57.76pt; padding-top: 0.51pt; padding-bottom: 0.88pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; text-align: center;">June 2027</div> </td> <td style="width: 11.26pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 11.26pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 30.2pt; padding-top: 0.51pt; padding-bottom: 0.88pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 5.94pt; text-align: left;"><span style="padding-left: 13.33pt;">7%</span></div> </td> <td style="width: 11.26pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 11.26pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 49.63pt; padding-top: 0.51pt; padding-bottom: 0.88pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 17.13pt;">450,000</span></div> </td> <td style="width: 11.26pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 11.26pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 48.33pt; padding-top: 0.51pt; padding-bottom: 0.88pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 38.33pt;">— </span></div> </td> </tr> <tr> <td style="width: 192pt; padding-top: 0.51pt; padding-bottom: 0.88pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">OEM Financing Arrangements</div> </td> <td style="width: 11.26pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 11.26pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 57.76pt; padding-top: 0.51pt; padding-bottom: 0.88pt; text-align: center; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; text-align: center;">March 2026 – </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; text-align: center;">May 2028</div> </td> <td style="width: 11.26pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 11.26pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 30.2pt; padding-top: 0.51pt; padding-bottom: 0.88pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 5.94pt; text-align: left;">9-10%</div> </td> <td style="width: 11.26pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 11.26pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 49.63pt; padding-top: 0.51pt; padding-bottom: 0.88pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 9.63pt;">1,728,388</span></div> </td> <td style="width: 11.26pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 11.26pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 48.33pt; padding-top: 0.51pt; padding-bottom: 0.88pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 8.33pt;">1,177,158 </span></div> </td> </tr> <tr> <td style="width: 192pt; padding-top: 0.51pt; padding-bottom: 2.13pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Magnetar Loan</div> </td> <td style="width: 11.26pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 11.26pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 57.76pt; padding-top: 0.51pt; padding-bottom: 2.13pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; text-align: center;">January 2029</div> </td> <td style="width: 11.26pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 11.26pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 30.2pt; padding-top: 0.51pt; padding-bottom: 2.13pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 5.94pt; text-align: left;"><span style="padding-left: 8.33pt;">12%</span></div> </td> <td style="width: 11.26pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 11.26pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 49.63pt; padding-top: 0.51pt; padding-bottom: 2.13pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 17.13pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">256,630</span></div> </td> <td style="width: 11.26pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 11.26pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 48.33pt; padding-top: 0.51pt; padding-bottom: 2.13pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 38.33pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">— </span></div> </td> </tr> <tr> <td style="width: 192pt; padding-top: 1.76pt; padding-bottom: 0.88pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Total principal of debt</div> </td> <td style="width: 11.26pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 11.26pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 57.76pt; padding-top: 1.76pt; padding-bottom: 0.88pt; text-align: center; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 11.26pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 11.26pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 30.2pt; padding-top: 1.76pt; padding-bottom: 0.88pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 11.26pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 11.26pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 49.63pt; padding-top: 1.76pt; padding-bottom: 0.88pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 5pt;">11,171,485</span></div> </td> <td style="width: 11.26pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 11.26pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 48.33pt; padding-top: 1.76pt; padding-bottom: 0.88pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 8.33pt;">8,033,477 </span></div> </td> </tr> <tr> <td style="width: 192pt; padding-top: 0.51pt; padding-bottom: 2.13pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; margin-top: 0pt; margin-left: 10pt; text-indent: -10pt; text-align: left;">Less: Unamortized discount and issuance costs</div> </td> <td style="width: 11.26pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 11.26pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 57.76pt; padding-top: 0.51pt; padding-bottom: 2.13pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 11.26pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 11.26pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 30.2pt; padding-top: 0.51pt; padding-bottom: 2.13pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 11.26pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 11.26pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 49.63pt; padding-top: 0.51pt; padding-bottom: 2.13pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 14.17pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">(119,984)</span></div> </td> <td style="width: 11.26pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 11.26pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 48.33pt; padding-top: 0.51pt; padding-bottom: 2.13pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 12.5pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">(107,137)</span><span style="padding-bottom: 1.5pt;"> </span></div> </td> </tr> <tr> <td style="width: 192pt; padding-top: 1.76pt; padding-bottom: 0.88pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 10pt; text-indent: -10pt; text-align: left;">Total debt, net of unamortized discount and issuance costs</div> </td> <td style="width: 11.26pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 11.26pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 57.76pt; padding-top: 1.76pt; padding-bottom: 0.88pt; text-align: center; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 11.26pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 11.26pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 30.2pt; padding-top: 1.76pt; padding-bottom: 0.88pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 11.26pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 11.26pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 49.63pt; padding-top: 1.76pt; padding-bottom: 0.88pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 5pt;">11,051,501</span></div> </td> <td style="width: 11.26pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 11.26pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 48.33pt; padding-top: 1.76pt; padding-bottom: 0.88pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 8.33pt;">7,926,340 </span></div> </td> </tr> <tr> <td style="width: 192pt; padding-top: 0.51pt; padding-bottom: 2.13pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; margin-top: 0pt; margin-left: 0pt; text-align: left;">Less: Debt, current</div> </td> <td style="width: 11.26pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 11.26pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 57.76pt; padding-top: 0.51pt; padding-bottom: 2.13pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 11.26pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 11.26pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 30.2pt; padding-top: 0.51pt; padding-bottom: 2.13pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 11.26pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 11.26pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 49.63pt; padding-top: 0.51pt; padding-bottom: 2.13pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 6.3pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">(3,627,664)</span></div> </td> <td style="width: 11.26pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 11.26pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 48.33pt; padding-top: 0.51pt; padding-bottom: 2.13pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 5pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">(2,468,425)</span><span style="padding-bottom: 1.5pt;"> </span></div> </td> </tr> <tr> <td style="width: 192pt; padding-top: 1.76pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 10pt; text-align: left;">Total debt, non-current</div> </td> <td style="width: 11.26pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 11.26pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 57.76pt; padding-top: 1.76pt; text-align: center; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 11.26pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 11.26pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 30.2pt; padding-top: 1.76pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 11.26pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 11.26pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 49.63pt; padding-top: 1.76pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$</span><span style="padding-left: 4.63pt; border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">7,423,837</span></div> </td> <td style="width: 11.26pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 11.26pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 48.33pt; padding-top: 1.76pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$</span><span style="padding-left: 3.33pt; border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">5,457,915</span></div> </td> </tr> <tr class="BRDSX_boxspacer"> <td style="height: 2.75pt; width: 192pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 11.26pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 11.26pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 57.76pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 11.26pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 11.26pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 30.2pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 11.26pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 11.26pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 49.63pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 11.26pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 11.26pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 48.33pt;"> <div style="font-size: 1pt;"> </div> </td> </tr> </table>

0.15

1782500000

2012500000

0.11

4953967000

3843819000

0.10

2000000000

0.12

1000000000

0.07

450000000

0.09

0.10

1728388000

1177158000

0.12

256630000

11171485000

8033477000

119984000

107137000

11051501000

7926340000

3627664000

2468425000

7423837000

5457915000

<div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6.75pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">As of June 30, 2025, the future principal payments for the Company’s total debt were as follows (in thousands): </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: left;"> <br/></div> <table cellpadding="0" cellspacing="0" class="BRDSX_fintab" style="width: 468pt; margin-left: auto; margin-right: auto; border-spacing: 0;"> <tr class="BRDSX_boxspacer"> <td style="height: 6pt; width: 384pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 17.18pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 17.18pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 49.63pt;"> <div style="font-size: 1pt;"> </div> </td> </tr> <tr class="BRDSX_header"> <td style="width: 384pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;">Years Ending December 31,</div> </td> <td style="width: 17.18pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 17.18pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 49.63pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Amount </div> </td> </tr> <tr> <td style="width: 384pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Remaining portion of 2025</div> </td> <td style="width: 17.18pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 17.18pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 49.63pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0.01pt; text-align: left;">$<span style="padding-left: 12.13pt;">986,052 </span></div> </td> </tr> <tr> <td style="width: 384pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">2026</div> </td> <td style="width: 17.18pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 17.18pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 49.63pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0.01pt; text-align: left;"><span style="padding-left: 9.63pt;">4,218,457</span></div> </td> </tr> <tr> <td style="width: 384pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">2027</div> </td> <td style="width: 17.18pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 17.18pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 49.63pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0.01pt; text-align: left;"><span style="padding-left: 9.63pt;">2,833,142</span></div> </td> </tr> <tr> <td style="width: 384pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">2028</div> </td> <td style="width: 17.18pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 17.18pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 49.63pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0.01pt; text-align: left;"><span style="padding-left: 9.63pt;">1,010,054</span></div> </td> </tr> <tr> <td style="width: 384pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">2029</div> </td> <td style="width: 17.18pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 17.18pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 49.63pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0.01pt; text-align: left;"><span style="padding-left: 17.13pt;">123,780</span></div> </td> </tr> <tr> <td style="width: 384pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Thereafter</div> </td> <td style="width: 17.18pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 17.18pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 49.63pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0.01pt; text-align: left;"><span style="padding-left: 9.63pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">2,000,000</span></div> </td> </tr> <tr> <td style="width: 384pt; padding-top: 2.26pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 10pt; text-align: left;">Total</div> </td> <td style="width: 17.18pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 17.18pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 49.63pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0.01pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$11,171,485</span></div> </td> </tr> <tr class="BRDSX_boxspacer"> <td style="height: 2.75pt; width: 384pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 17.18pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 17.18pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 49.63pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> </tr> </table>

986052000

4218457000

2833142000

1010054000

123780000

2000000000

11171485000

<div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6.5pt; margin-left: 0pt; text-indent: 20pt; text-align: left;">The total interest expense for the Company’s debt obligations was as follows (in thousands): </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: left;"> <br/></div> <table cellpadding="0" cellspacing="0" class="BRDSX_fintab" style="width: 468pt; margin-left: auto; margin-right: auto; border-spacing: 0;"> <tr class="BRDSX_boxspacer"> <td style="height: 6pt; width: 240pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td colspan="4" style="height: 6pt; width: 109.32pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td colspan="4" style="height: 6pt; width: 99.7pt;"> <div style="font-size: 1pt;"> </div> </td> </tr> <tr class="BRDSX_header"> <td style="width: 240pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"> </div> </td> <td style="width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt; border-bottom: none;"> <div style="font-size: 1pt;"> </div> </td> <td colspan="4" style="width: 109.32pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Three Months Ended June 30,</div> </td> <td style="width: 4.75pt; border-bottom: none;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt; border-bottom: none;"> <div style="font-size: 1pt;"> </div> </td> <td colspan="4" style="width: 99.7pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Six Months Ended June 30, </div> </td> </tr> <tr class="BRDSX_header"> <td style="width: 240pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"> </div> </td> <td style="width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt; border-bottom: none;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 49.91pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2025</div> </td> <td style="width: 4.75pt; border-bottom: none;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt; border-bottom: none;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 49.91pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2024</div> </td> <td style="width: 4.75pt; border-bottom: none;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt; border-bottom: none;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45.1pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2025</div> </td> <td style="width: 4.75pt; border-bottom: none;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt; border-bottom: none;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45.1pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2024 </div> </td> </tr> <tr> <td style="width: 240pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Contractual interest expense</div> </td> <td style="width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 49.91pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 6.21pt; text-align: left;">$250,312</div> </td> <td style="width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 49.91pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 6.22pt; text-align: left;">$100,237</div> </td> <td style="width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45.1pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3.81pt; text-align: left;">$483,084</div> </td> <td style="width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45.1pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3.81pt; text-align: left;">$164,859 </div> </td> </tr> <tr> <td style="width: 240pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-indent: -10pt; text-align: left;">Amortization of debt discounts and issuance costs and accretion of redemption premiums</div> </td> <td style="width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 49.91pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 6.21pt; text-align: left;"><span style="padding-left: 10pt;">29,036</span></div> </td> <td style="width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 49.91pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 6.22pt; text-align: left;"><span style="padding-left: 15pt;">7,547</span></div> </td> <td style="width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45.1pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3.81pt; text-align: left;"><span style="padding-left: 10pt;">66,727</span></div> </td> <td style="width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45.1pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3.81pt; text-align: left;"><span style="padding-left: 10pt;">15,605</span></div> </td> </tr> <tr> <td style="width: 240pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; margin-top: 0pt; margin-left: 0pt; text-align: left;">Less: capitalized interest</div> </td> <td style="width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 49.91pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 6.21pt; text-align: left;"><span style="padding-left: 6.67pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">(23,186)</span></div> </td> <td style="width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 49.91pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 6.22pt; text-align: left;"><span style="padding-left: 6.67pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">(40,687)</span></div> </td> <td style="width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45.1pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3.81pt; text-align: left;"><span style="padding-left: 6.67pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">(36,278)</span></div> </td> <td style="width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45.1pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3.81pt; text-align: left;"><span style="padding-left: 6.67pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">(72,864)</span></div> </td> </tr> <tr> <td style="width: 240pt; padding-top: 2.26pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 10pt; text-align: left;">Total</div> </td> <td style="width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 49.91pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 6.21pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$256,162</span></div> </td> <td style="width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 49.91pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 6.22pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$</span><span style="padding-left: 5pt; border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">67,097</span></div> </td> <td style="width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45.1pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3.81pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$513,533</span></div> </td> <td style="width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45.1pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3.81pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$107,600</span></div> </td> </tr> <tr class="BRDSX_boxspacer"> <td style="height: 2.75pt; width: 240pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 49.91pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 49.91pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 45.1pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 45.1pt;"> <div style="font-size: 1pt;"> </div> </td> </tr> </table>

250312000

100237000

483084000

164859000

29036000

7547000

66727000

15605000

23186000

40687000

36278000

72864000

256162000

67097000

513533000

107600000

0.123

0.096

2300000000

7600000000

P3M

P5Y

0.04 56000000

56000000

0.02 77000000 0.01 50000000

500000000

650000000

175000000

1500000000

350000000

11000000

450000000

1000000000

0.0025

2000000000

37000000

0.0925

0.40

1.01

1000000000

229000000

771000000

230000000

P4Y

230000000

0.12

257000000

27000000

50000000

262000000

344000000

3000000

6000000

1000000 3000000

2000000

3000000

2200000000

1300000000

P3Y

116000000

305000000

P7Y 0.13

P14Y

0.15

P14Y

0.13

123000000

<div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">As of June 30, 2025, the future payments under the financing obligation and finance lease due to the DCSP were as follows (in thousands): </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: left;"> <br/></div> <table cellpadding="0" cellspacing="0" class="BRDSX_fintab" style="width: 468pt; margin-left: auto; margin-right: auto; border-spacing: 0;"> <tr class="BRDSX_boxspacer"> <td style="height: 6pt; width: 360pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 5.24pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 5.24pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 40.83pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 5.24pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 5.24pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 46.2pt;"> <div style="font-size: 1pt;"> </div> </td> </tr> <tr class="BRDSX_header"> <td style="width: 360pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;">Years Ending December 31,</div> </td> <td style="width: 5.24pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.24pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 40.83pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Financing </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">obligation</div> </td> <td style="width: 5.24pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.24pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 46.2pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Finance lease </div> </td> </tr> <tr> <td style="width: 360pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Remaining portion of 2025</div> </td> <td style="width: 5.24pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.24pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 40.83pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">$<span style="padding-left: 13.33pt;">9,835</span></div> </td> <td style="width: 5.24pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.24pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 46.2pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 2.69pt; text-align: left;">$<span style="padding-left: 13.33pt;">9,360 </span></div> </td> </tr> <tr> <td style="width: 360pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">2026</div> </td> <td style="width: 5.24pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.24pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 40.83pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 13.33pt;">19,658</span></div> </td> <td style="width: 5.24pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.24pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 46.2pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 2.69pt; text-align: left;"><span style="padding-left: 13.33pt;">18,720</span></div> </td> </tr> <tr> <td style="width: 360pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">2027</div> </td> <td style="width: 5.24pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.24pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 40.83pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 13.33pt;">19,645</span></div> </td> <td style="width: 5.24pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.24pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 46.2pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 2.69pt; text-align: left;"><span style="padding-left: 13.33pt;">18,720</span></div> </td> </tr> <tr> <td style="width: 360pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">2028</div> </td> <td style="width: 5.24pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.24pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 40.83pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 13.33pt;">19,630</span></div> </td> <td style="width: 5.24pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.24pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 46.2pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 2.69pt; text-align: left;"><span style="padding-left: 13.33pt;">18,720</span></div> </td> </tr> <tr> <td style="width: 360pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">2029</div> </td> <td style="width: 5.24pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.24pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 40.83pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 13.33pt;">19,616</span></div> </td> <td style="width: 5.24pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.24pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 46.2pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 2.69pt; text-align: left;"><span style="padding-left: 13.33pt;">18,720</span></div> </td> </tr> <tr> <td style="width: 360pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Thereafter</div> </td> <td style="width: 5.24pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.24pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 40.83pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 8.33pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">175,800</span></div> </td> <td style="width: 5.24pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.24pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 46.2pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 2.69pt; text-align: left;"><span style="padding-left: 8.33pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">168,480</span></div> </td> </tr> <tr> <td style="width: 360pt; padding-top: 2.26pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Total future payments</div> </td> <td style="width: 5.24pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.24pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 40.83pt; padding-top: 2.26pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 8.33pt;">264,184</span></div> </td> <td style="width: 5.24pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.24pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 46.2pt; padding-top: 2.26pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 2.69pt; text-align: left;"><span style="padding-left: 8.33pt;">252,720</span></div> </td> </tr> <tr> <td style="width: 360pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Less: amount representing interest</div> </td> <td style="width: 5.24pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.24pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 40.83pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 5pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">(149,548)</span></div> </td> <td style="width: 5.24pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.24pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 46.2pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 2.69pt; text-align: left;"><span style="padding-left: 5pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">(130,350)</span></div> </td> </tr> <tr> <td style="width: 360pt; padding-top: 2.26pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 10pt; text-align: left;">Total</div> </td> <td style="width: 5.24pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.24pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 40.83pt; padding-top: 2.26pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 8.7pt;">114,636</span></div> </td> <td style="width: 5.24pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.24pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 46.2pt; padding-top: 2.26pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 2.69pt; text-align: left;"><span style="padding-left: 8.33pt;">122,370</span></div> </td> </tr> <tr> <td style="width: 360pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;">Less: current portion</div> </td> <td style="width: 5.24pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.24pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 40.83pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 15pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">(2,910)</span></div> </td> <td style="width: 5.24pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.24pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 46.2pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 2.69pt; text-align: left;"><span style="padding-left: 15pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">(3,682)</span></div> </td> </tr> <tr> <td style="width: 360pt; padding-top: 2.26pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Long-term portion</div> </td> <td style="width: 5.24pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.24pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 40.83pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$</span><span style="padding-left: 4.07pt; border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">111,726</span></div> </td> <td style="width: 5.24pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.24pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 46.2pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 2.69pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$</span><span style="padding-left: 3.7pt; border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">118,688</span></div> </td> </tr> <tr class="BRDSX_boxspacer"> <td style="height: 2.75pt; width: 360pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 5.24pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 5.24pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 40.83pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 5.24pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 5.24pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 46.2pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> </tr> </table>

9835000

9360000

19658000

18720000

19645000

18720000

19630000

18720000

19616000

18720000

175800000 168480000

264184000

252720000

149548000

130350000

114636000

122370000

2910000

3682000

111726000

118688000

288000000

237000000

224000000

116000000

6000000

9000000

8000000

12000000

<div class="BRDSX_h2" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 6.75pt; margin-left: 0pt; text-align: left;">11. Redeemable Convertible Preferred Stock, Redeemable Common Stock, and Stockholders’ Equity (Deficit) </div> <div class="BRDSX_h3" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; font-weight: bold; margin-top: 7.5pt; margin-left: 20pt; text-align: left;">Redeemable Convertible Preferred Stock and Redeemable Common Stock </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">As of December 31, 2024, the Company had five classes of redeemable convertible preferred stock, which consisted of the following (in thousands, except per share amounts): </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: left;"> <br/></div> <table cellpadding="0" cellspacing="0" class="BRDSX_fintab" style="width: 468pt; margin-left: auto; margin-right: auto; border-spacing: 0;"> <tr class="BRDSX_boxspacer"> <td style="height: 6pt; width: 216pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 4.63pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 4.63pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 38.65pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 4.63pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 4.63pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 42.67pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 4.63pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 4.63pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 34.36pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 4.63pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 4.63pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 45pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 4.63pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 4.63pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 45pt;"> <div style="font-size: 1pt;"> </div> </td> </tr> <tr class="BRDSX_header"> <td style="width: 216pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"> </div> </td> <td style="width: 4.63pt; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.63pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 38.65pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Shares </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Authorized</div> </td> <td style="width: 4.63pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.63pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 42.67pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Shares </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Issued and </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Outstanding</div> </td> <td style="width: 4.63pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.63pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 34.36pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Issuance </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Price </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Per Share</div> </td> <td style="width: 4.63pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.63pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Carrying </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Value</div> </td> <td style="width: 4.63pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.63pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Aggregate </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Liquidation </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Preference </div> </td> </tr> <tr> <td style="width: 216pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Series Seed</div> </td> <td style="width: 4.63pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.63pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 38.65pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3.08pt; text-align: left;"><span style="padding-left: 5pt;">60,000</span></div> </td> <td style="width: 4.63pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.63pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 42.67pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 5.08pt; text-align: left;"><span style="padding-left: 5pt;">45,567 </span></div> </td> <td style="width: 4.63pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.63pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 34.36pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3.43pt; text-align: left;">$<span style="padding-left: 5pt;">0.05</span></div> </td> <td style="width: 4.63pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.63pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">$<span style="padding-left: 17.5pt;">2,039</span></div> </td> <td style="width: 4.63pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.63pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">$<span style="padding-left: 17.5pt;">2,039 </span></div> </td> </tr> <tr> <td style="width: 216pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Series A</div> </td> <td style="width: 4.63pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.63pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 38.65pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3.08pt; text-align: left;"><span style="padding-left: 5pt;">24,182</span></div> </td> <td style="width: 4.63pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.63pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 42.67pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 5.08pt; text-align: left;"><span style="padding-left: 5pt;">19,361 </span></div> </td> <td style="width: 4.63pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.63pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 34.36pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3.43pt; text-align: left;"><span style="padding-left: 10pt;">0.12 </span></div> </td> <td style="width: 4.63pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.63pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 22.5pt;">2,256</span></div> </td> <td style="width: 4.63pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.63pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 22.5pt;">2,256</span></div> </td> </tr> <tr> <td style="width: 216pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Series B</div> </td> <td style="width: 4.63pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.63pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 38.65pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3.08pt; text-align: left;"><span style="padding-left: 5pt;">79,979</span></div> </td> <td style="width: 4.63pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.63pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 42.67pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 5.08pt; text-align: left;"><span style="padding-left: 5pt;">79,979 </span></div> </td> <td style="width: 4.63pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.63pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 34.36pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3.43pt; text-align: left;"><span style="padding-left: 10pt;">5.58</span></div> </td> <td style="width: 4.63pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.63pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 12.5pt;">550,595</span></div> </td> <td style="width: 4.63pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.63pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 12.5pt;">446,002</span></div> </td> </tr> <tr> <td style="width: 216pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Series B-1</div> </td> <td style="width: 4.63pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.63pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 38.65pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3.08pt; text-align: left;"><span style="padding-left: 5pt;">12,485</span></div> </td> <td style="width: 4.63pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.63pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 42.67pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 5.08pt; text-align: left;"><span style="padding-left: 5pt;">10,205 </span></div> </td> <td style="width: 4.63pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.63pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 34.36pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3.43pt; text-align: left;"><span style="padding-left: 10pt;">0.40 </span></div> </td> <td style="width: 4.63pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.63pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 22.5pt;">4,091</span></div> </td> <td style="width: 4.63pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.63pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 22.5pt;">4,091</span></div> </td> </tr> <tr> <td style="width: 216pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Series C</div> </td> <td style="width: 4.63pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.63pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 38.65pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3.08pt; text-align: left;"><span style="padding-left: 5pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">29,523</span></div> </td> <td style="width: 4.63pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.63pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 42.67pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 5.08pt; text-align: left;"><span style="padding-left: 5pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">29,523 </span></div> </td> <td style="width: 4.63pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.63pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 34.36pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3.43pt; text-align: left;"><span style="padding-left: 5pt;">38.95</span></div> </td> <td style="width: 4.63pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.63pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 5pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">1,163,130</span></div> </td> <td style="width: 4.63pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.63pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 5pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">1,163,671</span></div> </td> </tr> <tr> <td style="width: 216pt; padding-top: 2.26pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 10pt; text-align: left;">Total</div> </td> <td style="width: 4.63pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.63pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 38.65pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3.08pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">206,169</span></div> </td> <td style="width: 4.63pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.63pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 42.67pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 5.08pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">184,635 </span></div> </td> <td style="width: 4.63pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.63pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 34.36pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 4.63pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.63pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$</span><span style="padding-left: 0.74pt; border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">1,722,111</span></div> </td> <td style="width: 4.63pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.63pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$1,618,059</span></div> </td> </tr> <tr class="BRDSX_boxspacer"> <td style="height: 2.75pt; width: 216pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.63pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.63pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 38.65pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.63pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.63pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 42.67pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.63pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.63pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 34.36pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.63pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.63pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 45pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.63pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.63pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 45pt;"> <div style="font-size: 1pt;"> </div> </td> </tr> </table> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6.5pt; margin-left: 0pt; text-indent: 20pt; text-align: left;">As of June 30, 2025, there were no shares of redeemable convertible preferred stock issued and outstanding. </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">As discussed in <span style="font-style: italic;">Note 1—Overview and Summary of Significant Accounting Policies</span>, in connection with the IPO, all shares of the Company's Series Seed, Series A, Series B, and Series B-1 redeemable convertible preferred stock then outstanding, totaling 155,111,700 shares, were automatically converted into an equivalent number of shares of Class A common stock. The carrying value of $559 million was reclassified into stockholders' equity (deficit). All shares of Series C redeemable convertible preferred stock then outstanding, totaling 29,523,120 shares, were automatically converted into 29,874,066 shares of redeemable Class A common stock. </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">During the year ended December 31, 2024, the Company paid a dividend in kind to the holders of the Series C redeemable convertible preferred stock, which resulted in additional shares being issued upon conversion. These additional shares issued upon conversion were not legally outstanding prior to the IPO and upon conversion were included in the redeemable Class A common stock shares outstanding. </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">The redeemable Class A common stock is subject to a right to be “put” to the Company on the first trading day immediately after the second anniversary of the closing of the IPO (the “Put Right”). Upon exercise of the Put Right, holders of these shares would be entitled to receive from the Company an amount in cash equal to the original issue price per share of the Series C redeemable convertible preferred stock of $38.95 per share, representing an aggregate price of $1.2 billion. The carrying value of $1.2 billion was reclassified from redeemable convertible preferred stock to redeemable Class A common stock and continues to be classified as mezzanine equity due to the shares being redeemable outside of the Company’s control, as the related Put Right remains outstanding and unexercised. Ongoing accretion is recorded to bring the carrying value of the redeemable Class A common stock to its redemption value over time, consistent with the original terms of the Series C redeemable convertible preferred stock. Redeemable Class A common stock approximates its redemption value. The Company did not record accretion during the three months ended June 30, 2025 as it was no longer considered probable that the Put Right would become redeemable. </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">The rights of the holders of the Company’s redeemable Class A common stock are identical to the Company’s Class A common stock, except with respect to the Put Right. The Put Right with respect to each share is subject to a lock-up period after the IPO and will automatically terminate upon the expiration of such period if either (i) the share is assigned, sold, or transferred publicly, or (ii) the Company’s Class A common stock has a 20-day volume-weighted average price in any consecutive 30 trading day period of at least 175% of the Series C redeemable convertible preferred stock original issue price of $38.95 per share after the IPO and on or before the second anniversary of the closing of the IPO, which is in March 2027. Upon termination of the Put Right, the redeemable Class A common stock will be reclassified into Class A common stock within stockholders’ equity (deficit). As of June 30, 2025, the shares were still subject to a lock-up period and the Put Right. </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">As of June 30, 2025 and December 31, 2024, there were 29,874,066 and no shares of redeemable Class A common stock issued and outstanding, respectively. </div> <div class="BRDSX_h4" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; margin-top: 6.75pt; margin-left: 20pt; text-align: left;">Dividends </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">Holders of the redeemable convertible preferred stock were entitled to participate in any dividends distributed to holders of common stock, as if converted. </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">Holders of the Series C redeemable convertible preferred stock were entitled to a cumulative dividend that accrued from day-to-day at a rate of 10% per annum of the accumulated stated value, equal to $38.95 per share (the accumulated stated value is the defined “original issue price” at the time of conversion). Cumulative dividends were payable quarterly from the time the shares were issued until the completion of an IPO. These dividends could be paid in cash or in kind by being added to the accumulated stated value. After the IPO and conversion to redeemable Class A common stock, these dividend rights ceased, and there were no accrued and unpaid dividends as of June 30, 2025. For the three months ended June 30, 2025 and 2024, no cash dividends were paid by the Company. For the six months ended June 30, 2025 and 2024, the Company paid total cash dividends of $29 million and $0 million, respectively. In addition, for the three and six months ended June 30, 2024, the Company issued a paid-in-kind dividend, which was recognized at fair value of $16 million. </div> <div class="BRDSX_h3" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; font-weight: bold; margin-top: 16.5pt; margin-left: 20pt; text-align: left;">Preferred Stock </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">In connection with the IPO, the Company's amended and restated certificate of incorporation became effective, which authorized the issuance of 100,000,000 shares of preferred stock with a par value of $0.000005 per share with rights and preferences, including voting rights, designated from time to time by the Company's board of directors (the “Board”). As of June 30, 2025, there were no shares of preferred stock issued and outstanding. </div> <div class="BRDSX_h3" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; font-weight: bold; margin-top: 16.5pt; margin-left: 20pt; text-align: left;">Common Stock </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">As of June 30, 2025 and December 31, 2024, the Company was authorized to issue 3,400,000,000 and 690,680,000 shares of common stock, respectively, with a par value of $0.000005 per share. During the year ended December 31, 2024, the Company’s certificate of incorporation was amended such that the Company’s common stock consisted of Class A common stock and Class B common stock. In March 2025, the Company’s certificate of incorporation was amended such that the Company’s common stock consisted of Class A common stock, Class B common stock, and Class C common stock. As of June 30, 2025, there were no shares of Class C common stock issued and outstanding. Common stockholders are entitled to receive any dividends if and when declared by the Board, and upon liquidation or dissolution, are also entitled to receive all assets legally available for distribution to stockholders, ratably in proportion to the number of shares held, subject to the rights of preferred stockholders (if then outstanding). As of June 30, 2025 and December 31, 2024, no dividends on the Company’s common stock had been declared by the Board. </div> <div class="BRDSX_h4" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; margin-top: 16.5pt; margin-left: 20pt; text-align: left;">Voting </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">Holders of Class A common stock are entitled to one vote per share. Prior to the completion of the Company’s IPO, holders of Class B common stock were entitled to one vote per share. Upon the completion of the IPO, holders of Class B common stock are entitled to ten votes per share. Holders of Class A common stock and Class B common stock vote together as a single class, except where otherwise required by law. Holders of Class C common stock are entitled to no votes per share. </div> <div class="BRDSX_h3" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; font-weight: bold; margin-top: 16.5pt; margin-left: 20pt; text-align: left;">Warrants to Purchase Common Stock </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">As of December 31, 2024, the Company had outstanding warrants to purchase shares of the Company’s Class A common stock that were classified as liabilities. These warrants were issued in connection with the 2022 Senior Secured Notes, as disclosed in the Company’s Prospectus. As of December 31, 2024, the fair value of the warrant liabilities was $200 million and was included within derivative and warrant liabilities on the condensed consolidated balance sheets. The Company recorded a loss related to the fair value adjustment of these warrant liabilities of $49 million and $64 million within gain (loss) on fair value adjustments in the condensed consolidated statements of operations during the three and six months ended June 30, 2024, respectively. </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">On March 21, 2025, the Company executed an amendment with the warrant holders to fix the exercise price to $1.5495 per share, subject to adjustments for standard anti-dilution adjustments. As a result of the amendment, the Company concluded that the warrants met the requirements for equity classification for contracts that are indexed to the Company’s own stock. The Company recognized a gain of $29 million for the final fair value adjustment </div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6.75pt; margin-left: 0pt; text-align: justify;">pre-modification, and a loss of $2 million in connection with the modification and fixing of the exercise price, which were recorded in gain (loss) on fair value adjustments in the condensed consolidated statements of operations for the six months ended June 30, 2025, and reclassified the final value of the warrants to additional paid-in capital. Refer to <span style="font-style: italic;">Note 3—Fair Value Measurements</span> for further details. </div> <div class="BRDSX_h3" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; font-weight: bold; margin-top: 20.5pt; margin-left: 20pt; text-align: left;">2019 Stock Option Plan and 2025 Equity Incentive Plan </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">In July 2019, the Company adopted a stock option plan (the “2019 Plan”). The purpose of the 2019 Plan is to provide incentives to attract, retain, and motivate eligible persons whose potential contributions are important to the success of the Company by offering those eligible persons an opportunity to participate in the Company’s future performance through the grant of awards of common stock. The total number of shares authorized by the Board to be issued under the 2019 Plan was 73,637,600 shares as of December 31, 2024. Prior to the Company’s IPO, in the event that shares previously issued under the 2019 Plan were reacquired by the Company pursuant to a forfeiture provision, right of first refusal, or repurchase by the Company, such shares were added back to the number of shares then available for issuance under the 2019 Plan. As of December 31, 2024, 3,750,480 shares were available for issuance under the 2019 Plan. In March 2025, in connection with the IPO and the adoption of the 2025 Plan (as defined below), the Company ceased granting awards under the 2019 Plan. Following the effective date of the 2025 Plan, any outstanding awards granted under the 2019 Plan remain subject to the terms of the 2019 Plan, and any shares that are forfeited or repurchased by the Company under the 2019 Plan will be automatically transferred to be available for issuance under the 2025 Plan. </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">In March 2025, the Company adopted the 2025 Equity Incentive Plan (the “2025 Plan”) as a successor to the 2019 Plan, which became effective in connection with the IPO. The 2025 Plan authorizes the award of incentive stock options (“ISOs”), nonqualified stock options (“NQSOs”), restricted stock awards (“RSAs”), stock appreciation rights, and RSUs, as well as performance and stock bonus awards. Pursuant to the 2025 Plan, the ISOs may be granted only to employees of the Company, while all other award types may be granted to employees, directors, and consultants. A total of 50,000,000 shares of the Company’s Class A common stock were initially reserved, plus any reserved shares of Class A common stock not issued or subject to outstanding grants under the 2019 Plan on the effective date of the 2025 Plan. The number of shares reserved for issuance under the 2025 Plan will increase automatically on January 1 of each of 2026 through 2035 by the number of shares equal to the lesser of (a) five percent of the aggregate number of outstanding shares of all classes of common stock plus the total number of shares of Class A common stock issuable upon conversion of preferred stock (if any), in each case as of the immediately preceding December 31, or (b) such number of shares of Class A common stock as may be determined by the Board or the compensation committee of the Board (the “Compensation Committee”). In the event that shares previously issued under the 2025 Plan are reacquired by the Company pursuant to a forfeiture provision, right of first refusal, or repurchase by the Company, such shares shall be added back to the number of shares then available for issuance under the 2025 Plan. As of June 30, 2025, 47,536,236 shares were available for issuance under the 2025 Plan. </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">The Company may grant stock options to employees, contractors, or other entities in order to incentivize them to increase their efforts on behalf of the Company and to promote the success of the Company’s business. Stock options may be treated as ISO or NQSO depending on the specific circumstances of an optionee’s relationship with the Company and the number of stock options vesting or exercised in a calendar year. Stock options granted under the 2019 and 2025 Plans generally vest either over a three-year or four-year period. The Company may award stock options that are immediately exercisable, subject to a repurchase right. The Company may also grant stock options that allow for acceleration of vesting. The stock options granted under the 2019 and 2025 Plans will expire after ten years from the time of their grant. The Company issues Class A common stock upon the exercise of stock options. Pursuant to the equity exchange agreement between the Company and each of its co-founders, each co-founder has the right to exchange any shares of Class A common stock received upon the exercise of certain option awards granted prior to September 2024 and held by such co-founder into an equal number of shares of Class B common stock. </div> <div class="BRDSX_h3" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; font-weight: bold; margin-top: 6.75pt; margin-left: 20pt; text-align: left;">Stock Options </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">The following table summarizes stock option activity under the 2019 Plan (share data and aggregate intrinsic value in thousands): </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: left;"> <br/></div> <table cellpadding="0" cellspacing="0" class="BRDSX_fintab" style="width: 468pt; margin-left: auto; margin-right: auto; border-spacing: 0;"> <tr class="BRDSX_boxspacer"> <td style="height: 6pt; width: 240pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 5.47pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 5.47pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 42.67pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 5.47pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 5.47pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 49.16pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 5.47pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 5.47pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 41.32pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 5.47pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 5.47pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 51.11pt;"> <div style="font-size: 1pt;"> </div> </td> </tr> <tr class="BRDSX_header"> <td style="width: 240pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"> </div> </td> <td style="width: 5.47pt; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.47pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 42.67pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Stock </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Options </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Outstanding</div> </td> <td style="width: 5.47pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.47pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 49.16pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Weighted- </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Average </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Exercise Price</div> </td> <td style="width: 5.47pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.47pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 41.32pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Weighted- </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Average </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Remaining </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Contractual </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Term </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">(Years)</div> </td> <td style="width: 5.47pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.47pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 51.11pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Aggregate </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Intrinsic Value </div> </td> </tr> <tr> <td style="width: 240pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;">Balance at January 1, 2025</div> </td> <td style="width: 5.47pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.47pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 42.67pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 7.58pt; text-align: left;">47,219</div> </td> <td style="width: 5.47pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.47pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 49.16pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 13.33pt; text-align: left;">$1.74</div> </td> <td style="width: 5.47pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.47pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 41.32pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 18.16pt; text-align: left;">7</div> </td> <td style="width: 5.47pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.47pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 51.11pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3.05pt; text-align: left;">$2,163,455 </div> </td> </tr> <tr> <td style="width: 240pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Granted</div> </td> <td style="width: 5.47pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.47pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 42.67pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 7.58pt; text-align: left;"><span style="padding-left: 17.5pt;">—</span></div> </td> <td style="width: 5.47pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.47pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 49.16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 13.33pt; text-align: left;"><span style="padding-left: 12.5pt;">—</span></div> </td> <td style="width: 5.47pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.47pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 41.32pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 5.47pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.47pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 51.11pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> </tr> <tr> <td style="width: 240pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Exercised</div> </td> <td style="width: 5.47pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.47pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 42.67pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 7.58pt; text-align: left;"><span style="padding-left: 1.67pt;">(2,950)</span></div> </td> <td style="width: 5.47pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.47pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 49.16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 13.33pt; text-align: left;"><span style="padding-left: 5pt;">1.53</span></div> </td> <td style="width: 5.47pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.47pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 41.32pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 5.47pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.47pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 51.11pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> </tr> <tr> <td style="width: 240pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Forfeited, expired, or canceled</div> </td> <td style="width: 5.47pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.47pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 42.67pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 7.58pt; text-align: left;"><span style="padding-left: 9.17pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">(164)</span></div> </td> <td style="width: 5.47pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.47pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 49.16pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 13.33pt; text-align: left;"><span style="padding-left: 5pt;">6.62</span></div> </td> <td style="width: 5.47pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.47pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 41.32pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 5.47pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.47pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 51.11pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> </tr> <tr> <td style="width: 240pt; padding-top: 2.26pt; padding-bottom: 3.63pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;">Outstanding at June 30, 2025</div> </td> <td style="width: 5.47pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.47pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 42.67pt; padding-top: 2.26pt; padding-bottom: 3.63pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 7.58pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">44,105</span></div> </td> <td style="width: 5.47pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.47pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 49.16pt; padding-top: 2.26pt; padding-bottom: 3.63pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 13.33pt; text-align: left;">$1.74</div> </td> <td style="width: 5.47pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.47pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 41.32pt; padding-top: 2.26pt; padding-bottom: 3.63pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 18.16pt; text-align: left;">7</div> </td> <td style="width: 5.47pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.47pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 51.11pt; padding-top: 2.26pt; padding-bottom: 3.63pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3.05pt; text-align: left;">$<span style="padding-left: 0.37pt;">7,114,827 </span></div> </td> </tr> <tr> <td style="width: 240pt; padding-top: 3.26pt; padding-bottom: 3.63pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;">Vested and expected to vest at June 30, 2025</div> </td> <td style="width: 5.47pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.47pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 42.67pt; padding-top: 3.26pt; padding-bottom: 3.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 7.58pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">44,105</span></div> </td> <td style="width: 5.47pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.47pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 49.16pt; padding-top: 3.26pt; padding-bottom: 3.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 13.33pt; text-align: left;">$1.74</div> </td> <td style="width: 5.47pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.47pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 41.32pt; padding-top: 3.26pt; padding-bottom: 3.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 18.16pt; text-align: left;">7</div> </td> <td style="width: 5.47pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.47pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 51.11pt; padding-top: 3.26pt; padding-bottom: 3.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3.05pt; text-align: left;">$<span style="padding-left: 0.37pt;">7,114,827 </span></div> </td> </tr> <tr> <td style="width: 240pt; padding-top: 3.26pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;">Exercisable at June 30, 2025</div> </td> <td style="width: 5.47pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.47pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 42.67pt; padding-top: 3.26pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 7.58pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">31,596</span></div> </td> <td style="width: 5.47pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.47pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 49.16pt; padding-top: 3.26pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 13.33pt; text-align: left;">$1.14</div> </td> <td style="width: 5.47pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.47pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 41.32pt; padding-top: 3.26pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 18.16pt; text-align: left;">6</div> </td> <td style="width: 5.47pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.47pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 51.11pt; padding-top: 3.26pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3.05pt; text-align: left;">$<span style="padding-left: 0.37pt;">5,116,131</span></div> </td> </tr> <tr class="BRDSX_boxspacer"> <td style="height: 2.75pt; width: 240pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 5.47pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 5.47pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 42.67pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 5.47pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 5.47pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 49.16pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 5.47pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 5.47pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 41.32pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 5.47pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 5.47pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 51.11pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> </tr> </table> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">The table above does not include 375,000 options outstanding as of June 30, 2025 that were issued in connection with the 2021 Convertible Senior Secured Notes. Refer to <span style="font-style: italic;">Note 14—Related-Party Transactions</span> for additional information. </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-indent: 20pt; text-align: left;">The Company did not grant any stock options during the six months ended June 30, 2025 and 2024. </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">The aggregate grant date fair value of stock options vested during the six months ended June 30, 2025 and 2024 was and $18 million and $18 million, respectively. </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">The aggregate intrinsic value of stock options exercised during the six months ended June 30, 2025 and 2024, was $170 million and $14 million, respectively. The intrinsic value for options exercised is the difference between the estimated fair value of the stock and the exercise price of the stock option at the date of exercise. </div> <div class="BRDSX_h3" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; font-weight: bold; margin-top: 20pt; margin-left: 20pt; text-align: left;">Employee Stock Purchase Plan </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">In March 2025, the Company adopted the 2025 Employee Stock Purchase Plan (the “2025 ESPP”), which became effective in connection with the IPO. The 2025 ESPP enables eligible employees to purchase shares of the Company’s Class A common stock with accumulated payroll deductions. A total of 10,000,000 shares of the Company’s Class A common stock are reserved for issuance under the 2025 ESPP. </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">The number of shares reserved for issuance and sale under the 2025 ESPP will increase automatically on January 1st of each of 2026 through 2035 by the number of shares equal to the lesser of (a) the number of shares equal to 1% of the sum of the total number of outstanding shares of all classes of the Company’s common stock plus the total number of shares of the Company’s Class A common stock issuable upon conversion of preferred stock (if any), in each case outstanding as of the immediately preceding December 31 and (b) such number of shares of the Company’s Class A common stock determined by the Board or Compensation Committee; provided, that the Board or Compensation Committee may in its sole discretion reduce the amount of the increase in any particular calendar year. Subject to stock splits, recapitalizations, or similar events, no more than 100,000,000 shares of the Company’s Class A common stock may be issued over the term of the 2025 ESPP. </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">The purchase price for shares purchased under the 2025 ESPP during any given purchase period is 85% of the lesser of the fair market value of the Company’s Class A common stock on (1) the first trading day of the applicable offering period or (2) the last trading day of the applicable purchase period. Each offering period may itself consist of one or more purchase periods. The 2025 ESPP has an initial offering period beginning on March 28, 2025 and ending on November 15, 2025, with a purchase date of November 15, 2025. The initial enrollment period began on the date of the IPO and ended on April 18, 2025. As of June 30, 2025, $2 million has been withheld on behalf of employees for a future purchase under the ESPP due to the timing of payroll deductions and the open enrollment period. As of June 30, 2025, no shares of Class A common stock have been purchased under the 2025 ESPP. Stock-based compensation expense during the three months ended June 30, 2025 and unrecognized stock-based compensation expense as of June 30, 2025 related to the 2025 ESPP were not material. </div> <div class="BRDSX_h3" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; font-weight: bold; margin-top: 6.75pt; margin-left: 20pt; text-align: left;">Restricted Stock Units </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">RSUs granted typically vest over four years. The following table summarizes restricted stock unit activity under the 2019 and 2025 Plans (share data in thousands): </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: left;"> <br/></div> <table cellpadding="0" cellspacing="0" class="BRDSX_fintab" style="width: 468pt; margin-left: auto; margin-right: auto; border-spacing: 0;"> <tr class="BRDSX_boxspacer"> <td style="height: 6pt; width: 360pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 6.05pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 6.05pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 27.5pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 6.05pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 6.05pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 56.28pt;"> <div style="font-size: 1pt;"> </div> </td> </tr> <tr class="BRDSX_header"> <td style="width: 360pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"> </div> </td> <td style="width: 6.05pt; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.05pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 27.5pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Shares</div> </td> <td style="width: 6.05pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.05pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 56.28pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Weighted- </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Average Fair </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Value Per Share </div> </td> </tr> <tr> <td style="width: 360pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;">Balance at January 1, 2025</div> </td> <td style="width: 6.05pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.05pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 27.5pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -0.01pt; text-align: left;">15,455</div> </td> <td style="width: 6.05pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.05pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 56.28pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 14.4pt; text-align: left;">$38.80 </div> </td> </tr> <tr> <td style="width: 360pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Granted</div> </td> <td style="width: 6.05pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.05pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 27.5pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -0.01pt; text-align: left;">13,188</div> </td> <td style="width: 6.05pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.05pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 56.28pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 14.4pt; text-align: left;"><span style="padding-left: 5pt;">62.39</span></div> </td> </tr> <tr> <td style="width: 360pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Vested</div> </td> <td style="width: 6.05pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.05pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 27.5pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -0.01pt; text-align: left;"><span style="padding-left: 1.67pt;">(2,599)</span></div> </td> <td style="width: 6.05pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.05pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 56.28pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 14.4pt; text-align: left;"><span style="padding-left: 5pt;">33.36</span></div> </td> </tr> <tr> <td style="width: 360pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Forfeited, expired, or canceled</div> </td> <td style="width: 6.05pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.05pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 27.5pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -0.01pt; text-align: left;"><span style="padding-left: 9.17pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">(367)</span></div> </td> <td style="width: 6.05pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.05pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 56.28pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 14.4pt; text-align: left;"><span style="padding-left: 5pt;">36.57</span></div> </td> </tr> <tr> <td style="width: 360pt; padding-top: 2.26pt; padding-bottom: 3.63pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;">Unvested balance at June 30, 2025<span style="font-weight: normal;"> </span></div> </td> <td style="width: 6.05pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.05pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 27.5pt; padding-top: 2.26pt; padding-bottom: 3.63pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -0.01pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">25,677</span></div> </td> <td style="width: 6.05pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.05pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 56.28pt; padding-top: 2.26pt; padding-bottom: 3.63pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 14.4pt; text-align: left;">$51.50 </div> </td> </tr> <tr> <td style="width: 360pt; padding-top: 3.26pt; padding-bottom: 2.63pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Vested and not yet settled</div> </td> <td style="width: 6.05pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.05pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 27.5pt; padding-top: 3.26pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -0.01pt; text-align: left;"><span style="padding-left: 22.5pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">9</span></div> </td> <td style="width: 6.05pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.05pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 56.28pt; padding-top: 3.26pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 14.4pt; text-align: left;"><span style="padding-left: 5pt;">45.96</span></div> </td> </tr> <tr> <td style="width: 360pt; padding-top: 2.26pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;">Outstanding at June 30, 2025</div> </td> <td style="width: 6.05pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.05pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 27.5pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -0.01pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">25,686</span></div> </td> <td style="width: 6.05pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.05pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 56.28pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 14.4pt; text-align: left;">$51.50</div> </td> </tr> <tr class="BRDSX_boxspacer"> <td style="height: 2.75pt; width: 360pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 6.05pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 6.05pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 27.5pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 6.05pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 6.05pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 56.28pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> </tr> </table> <div class="BRDSX_h3" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; font-weight: bold; margin-top: 14.5pt; margin-left: 20pt; text-align: left;">Restricted Stock Awards </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">During the three and six months ended June 30, 2025, 1,602,257 RSAs were granted in connection with the acquisition of Weights & Biases. These awards typically vest over a four-year service period. The grant date fair value of the RSAs was based on the Company’s closing stock price on the grant date and is recognized as stock-based compensation expense over the vesting period. As of June 30, 2025, 1,460,477 of these RSAs remained unvested. Refer to <span style="font-style: italic;">Note 4—Business Combination</span> for additional information. </div> <div class="BRDSX_h3" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; font-weight: bold; margin-top: 16.5pt; margin-left: 20pt; text-align: left;">Stock-Based Compensation Expense </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">As of June 30, 2025, unrecognized stock-based compensation expense related to unvested stock options was $73 million, which is expected to be recognized over a weighted-average period of two years. </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">As of June 30, 2025, unrecognized stock-based compensation expense related to unvested RSUs and RSAs was $1.1 billion, which is expected to be recognized over a weighted-average period of three years. </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">Total stock-based compensation expense recognized in the Company’s condensed consolidated statements of operations was as follows (in thousands): </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: left;"> <br/></div> <table cellpadding="0" cellspacing="0" class="BRDSX_fintab" style="width: 468pt; margin-left: auto; margin-right: auto; border-spacing: 0;"> <tr class="BRDSX_boxspacer"> <td style="height: 6pt; width: 240pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td colspan="4" style="height: 6pt; width: 109.32pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td colspan="4" style="height: 6pt; width: 99.7pt;"> <div style="font-size: 1pt;"> </div> </td> </tr> <tr class="BRDSX_header"> <td style="width: 240pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"> </div> </td> <td style="width: 4.75pt; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td colspan="4" style="width: 109.32pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Three Months Ended June 30,</div> </td> <td style="width: 4.75pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td colspan="4" style="width: 99.7pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Six Months Ended June 30, </div> </td> </tr> <tr class="BRDSX_header"> <td style="width: 240pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"> </div> </td> <td style="width: 4.75pt; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 54.91pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2025</div> </td> <td style="width: 4.75pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 44.91pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2024</div> </td> <td style="width: 4.75pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.6pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2025</div> </td> <td style="width: 4.75pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 42.6pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2024 </div> </td> </tr> <tr> <td style="width: 240pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Cost of revenue</div> </td> <td style="width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 54.91pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 8.71pt; text-align: left;">$<span style="padding-left: 10pt;">2,701</span></div> </td> <td style="width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 44.91pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 8.72pt; text-align: left;">$<span style="padding-left: 7.5pt;">350</span></div> </td> <td style="width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.6pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 5.06pt; text-align: left;">$<span style="padding-left: 10pt;">5,394</span></div> </td> <td style="width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 42.6pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 5.06pt; text-align: left;">$<span style="padding-left: 12.5pt;">738 </span></div> </td> </tr> <tr> <td style="width: 240pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Technology and infrastructure</div> </td> <td style="width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 54.91pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 8.71pt; text-align: left;"><span style="padding-left: 10pt;">47,683</span></div> </td> <td style="width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 44.91pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 8.72pt; text-align: left;"><span style="padding-left: 5pt;">2,080</span></div> </td> <td style="width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.6pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 5.06pt; text-align: left;"><span style="padding-left: 5pt;">102,282</span></div> </td> <td style="width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 42.6pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 5.06pt; text-align: left;"><span style="padding-left: 10pt;">4,437</span></div> </td> </tr> <tr> <td style="width: 240pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Sales and marketing</div> </td> <td style="width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 54.91pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 8.71pt; text-align: left;"><span style="padding-left: 15pt;">8,494</span></div> </td> <td style="width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 44.91pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 8.72pt; text-align: left;"><span style="padding-left: 12.5pt;">848</span></div> </td> <td style="width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.6pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 5.06pt; text-align: left;"><span style="padding-left: 10.37pt;">11,314</span></div> </td> <td style="width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 42.6pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 5.06pt; text-align: left;"><span style="padding-left: 10pt;">1,715</span></div> </td> </tr> <tr> <td style="width: 240pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">General and administrative</div> </td> <td style="width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 54.91pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 8.71pt; text-align: left;"><span style="padding-left: 10pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">86,127</span></div> </td> <td style="width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 44.91pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 8.72pt; text-align: left;"><span style="padding-left: 5pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">4,382</span></div> </td> <td style="width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.6pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 5.06pt; text-align: left;"><span style="padding-left: 5pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">209,988</span></div> </td> <td style="width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 42.6pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 5.06pt; text-align: left;"><span style="padding-left: 10pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">8,959</span></div> </td> </tr> <tr> <td style="width: 240pt; padding-top: 2.26pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 10pt; text-align: left;">Total stock-based compensation expense<sup>(1)(2)</sup></div> </td> <td style="width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 54.91pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 8.71pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$145,005</span></div> </td> <td style="width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 44.91pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 8.72pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$7,660</span></div> </td> <td style="width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.6pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 5.06pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$328,978</span></div> </td> <td style="width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 42.6pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 5.06pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$15,849</span></div> </td> </tr> <tr class="BRDSX_boxspacer"> <td style="height: 2.75pt; width: 240pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 54.91pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 44.91pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 47.6pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 42.6pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> </tr> </table> <div class="BRDSX_rule-partial" style="height: 0pt; width: 72pt; border-bottom: 1pt solid #000000; margin-bottom: 1pt; margin-right: auto; margin-left: 0pt; margin-top: 12.75pt;"> <br/></div> <table border="0" cellpadding="0" cellspacing="0" style="margin-top: 3pt; margin-left: 0pt; border-spacing: 0;"> <tr> <td style="width: 20pt; text-align: left; vertical-align: top;"> <div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt;">(1)<br/> </div> </td> <td style="vertical-align: top;"> <div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; text-align: justify;">Stock-based compensation expense was net of capitalized costs primarily related to the development of internal-use software of $12 million and $2 million during the three months ended June 30, 2025 and 2024, respectively, and $31 million and $4 million during the six months ended June 30, 2025 and 2024, respectively. </div> </td> </tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="margin-top: 3pt; margin-left: 0pt; border-spacing: 0;"> <tr> <td style="width: 20pt; text-align: left; vertical-align: top;"> <div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt;">(2)<br/> </div> </td> <td style="vertical-align: top;"> <div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; text-align: justify;">The Company recognized no and $177 million of stock-based compensation expense, net of no and $17 million of capitalized costs primarily related to the development of internal-use software, during the three and six months ended June 30, 2025, respectively, associated with vested RSUs as a result of the satisfaction of the liquidity-event performance-based vesting condition which was satisfied in connection with the IPO. </div> </td> </tr> </table>

<div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">As of December 31, 2024, the Company had five classes of redeemable convertible preferred stock, which consisted of the following (in thousands, except per share amounts): </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: left;"> <br/></div> <table cellpadding="0" cellspacing="0" class="BRDSX_fintab" style="width: 468pt; margin-left: auto; margin-right: auto; border-spacing: 0;"> <tr class="BRDSX_boxspacer"> <td style="height: 6pt; width: 216pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 4.63pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 4.63pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 38.65pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 4.63pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 4.63pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 42.67pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 4.63pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 4.63pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 34.36pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 4.63pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 4.63pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 45pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 4.63pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 4.63pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 45pt;"> <div style="font-size: 1pt;"> </div> </td> </tr> <tr class="BRDSX_header"> <td style="width: 216pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"> </div> </td> <td style="width: 4.63pt; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.63pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 38.65pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Shares </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Authorized</div> </td> <td style="width: 4.63pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.63pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 42.67pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Shares </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Issued and </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Outstanding</div> </td> <td style="width: 4.63pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.63pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 34.36pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Issuance </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Price </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Per Share</div> </td> <td style="width: 4.63pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.63pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Carrying </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Value</div> </td> <td style="width: 4.63pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.63pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Aggregate </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Liquidation </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Preference </div> </td> </tr> <tr> <td style="width: 216pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Series Seed</div> </td> <td style="width: 4.63pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.63pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 38.65pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3.08pt; text-align: left;"><span style="padding-left: 5pt;">60,000</span></div> </td> <td style="width: 4.63pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.63pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 42.67pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 5.08pt; text-align: left;"><span style="padding-left: 5pt;">45,567 </span></div> </td> <td style="width: 4.63pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.63pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 34.36pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3.43pt; text-align: left;">$<span style="padding-left: 5pt;">0.05</span></div> </td> <td style="width: 4.63pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.63pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">$<span style="padding-left: 17.5pt;">2,039</span></div> </td> <td style="width: 4.63pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.63pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">$<span style="padding-left: 17.5pt;">2,039 </span></div> </td> </tr> <tr> <td style="width: 216pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Series A</div> </td> <td style="width: 4.63pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.63pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 38.65pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3.08pt; text-align: left;"><span style="padding-left: 5pt;">24,182</span></div> </td> <td style="width: 4.63pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.63pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 42.67pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 5.08pt; text-align: left;"><span style="padding-left: 5pt;">19,361 </span></div> </td> <td style="width: 4.63pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.63pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 34.36pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3.43pt; text-align: left;"><span style="padding-left: 10pt;">0.12 </span></div> </td> <td style="width: 4.63pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.63pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 22.5pt;">2,256</span></div> </td> <td style="width: 4.63pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.63pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 22.5pt;">2,256</span></div> </td> </tr> <tr> <td style="width: 216pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Series B</div> </td> <td style="width: 4.63pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.63pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 38.65pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3.08pt; text-align: left;"><span style="padding-left: 5pt;">79,979</span></div> </td> <td style="width: 4.63pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.63pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 42.67pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 5.08pt; text-align: left;"><span style="padding-left: 5pt;">79,979 </span></div> </td> <td style="width: 4.63pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.63pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 34.36pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3.43pt; text-align: left;"><span style="padding-left: 10pt;">5.58</span></div> </td> <td style="width: 4.63pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.63pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 12.5pt;">550,595</span></div> </td> <td style="width: 4.63pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.63pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 12.5pt;">446,002</span></div> </td> </tr> <tr> <td style="width: 216pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Series B-1</div> </td> <td style="width: 4.63pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.63pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 38.65pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3.08pt; text-align: left;"><span style="padding-left: 5pt;">12,485</span></div> </td> <td style="width: 4.63pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.63pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 42.67pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 5.08pt; text-align: left;"><span style="padding-left: 5pt;">10,205 </span></div> </td> <td style="width: 4.63pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.63pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 34.36pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3.43pt; text-align: left;"><span style="padding-left: 10pt;">0.40 </span></div> </td> <td style="width: 4.63pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.63pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 22.5pt;">4,091</span></div> </td> <td style="width: 4.63pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.63pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 22.5pt;">4,091</span></div> </td> </tr> <tr> <td style="width: 216pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Series C</div> </td> <td style="width: 4.63pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.63pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 38.65pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3.08pt; text-align: left;"><span style="padding-left: 5pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">29,523</span></div> </td> <td style="width: 4.63pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.63pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 42.67pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 5.08pt; text-align: left;"><span style="padding-left: 5pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">29,523 </span></div> </td> <td style="width: 4.63pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.63pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 34.36pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3.43pt; text-align: left;"><span style="padding-left: 5pt;">38.95</span></div> </td> <td style="width: 4.63pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.63pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 5pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">1,163,130</span></div> </td> <td style="width: 4.63pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.63pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 5pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">1,163,671</span></div> </td> </tr> <tr> <td style="width: 216pt; padding-top: 2.26pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 10pt; text-align: left;">Total</div> </td> <td style="width: 4.63pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.63pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 38.65pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3.08pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">206,169</span></div> </td> <td style="width: 4.63pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.63pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 42.67pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 5.08pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">184,635 </span></div> </td> <td style="width: 4.63pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.63pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 34.36pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 4.63pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.63pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$</span><span style="padding-left: 0.74pt; border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">1,722,111</span></div> </td> <td style="width: 4.63pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.63pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$1,618,059</span></div> </td> </tr> <tr class="BRDSX_boxspacer"> <td style="height: 2.75pt; width: 216pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.63pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.63pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 38.65pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.63pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.63pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 42.67pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.63pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.63pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 34.36pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.63pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.63pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 45pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.63pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.63pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 45pt;"> <div style="font-size: 1pt;"> </div> </td> </tr> </table>

60000000

45567000

0.05

2039000

24182000

19361000

0.12

2256000

79979000

5.58

550595000

446002000

12485000

10205000

0.4

4091000

29523000

38.95

1163130000

1163671000

206169000

184635000

1722111000

1618059000

155111700

559000000

29523120

29874066

38.95

1200000000

P20D P30D 1.75 38.95

29874066

0.10

38.95

29000000

16000000

100000000

0.000005

3400000000

690680000

0.000005

1 1 10 0 200000000

49000000

64000000

1.5495

29000000 2000000

73637600

3750480

50000000

47536236

P3Y

P4Y

P10Y

47219000

1.74

P7Y

2163455000

2950000

1.53

164000

6.62

44105000

1.74

P7Y

7114827000

44105000

1.74

P7Y

7114827000

31596000

1.14

P6Y

5116131000

375000

18000000

170000000

14000000

10000000000000

0.01

100000000000000

0.85

2000000

<div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">RSUs granted typically vest over four years. The following table summarizes restricted stock unit activity under the 2019 and 2025 Plans (share data in thousands): </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: left;"> <br/></div> <table cellpadding="0" cellspacing="0" class="BRDSX_fintab" style="width: 468pt; margin-left: auto; margin-right: auto; border-spacing: 0;"> <tr class="BRDSX_boxspacer"> <td style="height: 6pt; width: 360pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 6.05pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 6.05pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 27.5pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 6.05pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 6.05pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 56.28pt;"> <div style="font-size: 1pt;"> </div> </td> </tr> <tr class="BRDSX_header"> <td style="width: 360pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"> </div> </td> <td style="width: 6.05pt; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.05pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 27.5pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Shares</div> </td> <td style="width: 6.05pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.05pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 56.28pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Weighted- </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Average Fair </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Value Per Share </div> </td> </tr> <tr> <td style="width: 360pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;">Balance at January 1, 2025</div> </td> <td style="width: 6.05pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.05pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 27.5pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -0.01pt; text-align: left;">15,455</div> </td> <td style="width: 6.05pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.05pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 56.28pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 14.4pt; text-align: left;">$38.80 </div> </td> </tr> <tr> <td style="width: 360pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Granted</div> </td> <td style="width: 6.05pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.05pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 27.5pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -0.01pt; text-align: left;">13,188</div> </td> <td style="width: 6.05pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.05pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 56.28pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 14.4pt; text-align: left;"><span style="padding-left: 5pt;">62.39</span></div> </td> </tr> <tr> <td style="width: 360pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Vested</div> </td> <td style="width: 6.05pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.05pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 27.5pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -0.01pt; text-align: left;"><span style="padding-left: 1.67pt;">(2,599)</span></div> </td> <td style="width: 6.05pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.05pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 56.28pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 14.4pt; text-align: left;"><span style="padding-left: 5pt;">33.36</span></div> </td> </tr> <tr> <td style="width: 360pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Forfeited, expired, or canceled</div> </td> <td style="width: 6.05pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.05pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 27.5pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -0.01pt; text-align: left;"><span style="padding-left: 9.17pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">(367)</span></div> </td> <td style="width: 6.05pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.05pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 56.28pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 14.4pt; text-align: left;"><span style="padding-left: 5pt;">36.57</span></div> </td> </tr> <tr> <td style="width: 360pt; padding-top: 2.26pt; padding-bottom: 3.63pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;">Unvested balance at June 30, 2025<span style="font-weight: normal;"> </span></div> </td> <td style="width: 6.05pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.05pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 27.5pt; padding-top: 2.26pt; padding-bottom: 3.63pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -0.01pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">25,677</span></div> </td> <td style="width: 6.05pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.05pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 56.28pt; padding-top: 2.26pt; padding-bottom: 3.63pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 14.4pt; text-align: left;">$51.50 </div> </td> </tr> <tr> <td style="width: 360pt; padding-top: 3.26pt; padding-bottom: 2.63pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Vested and not yet settled</div> </td> <td style="width: 6.05pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.05pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 27.5pt; padding-top: 3.26pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -0.01pt; text-align: left;"><span style="padding-left: 22.5pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">9</span></div> </td> <td style="width: 6.05pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.05pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 56.28pt; padding-top: 3.26pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 14.4pt; text-align: left;"><span style="padding-left: 5pt;">45.96</span></div> </td> </tr> <tr> <td style="width: 360pt; padding-top: 2.26pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;">Outstanding at June 30, 2025</div> </td> <td style="width: 6.05pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.05pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 27.5pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -0.01pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">25,686</span></div> </td> <td style="width: 6.05pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.05pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 56.28pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 14.4pt; text-align: left;">$51.50</div> </td> </tr> <tr class="BRDSX_boxspacer"> <td style="height: 2.75pt; width: 360pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 6.05pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 6.05pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 27.5pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 6.05pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 6.05pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 56.28pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> </tr> </table>

P4Y

15455000

38.8

13188000

62.39

2599000

33.36

367000

36.57

25677000

51.5

9000 45.96 25686000 51.5

1602257

P4Y

1460477

73000000

P2Y

1100000000

P3Y

2701000

350000

5394000

738000

47683000

2080000

102282000

4437000

8494000

848000

11314000

1715000

86127000

4382000

209988000

8959000

145005000

7660000

328978000

15849000

12000000

2000000

31000000

4000000

177000000

17000000

<div class="BRDSX_h2" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 16pt; margin-left: 0pt; text-align: left;">12. Income Taxes </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">The Company's effective tax rate was (20)% and (14)% for the three months ended June 30, 2025 and 2024, respectively, and (18)% and (14)% for the six months ended June 30, 2025 and 2024, respectively. </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">The Company computed its provision for income taxes for interim periods by applying a forecasted annual effective tax rate to year-to-date earnings and adjusting for discrete items. However, the Company computed its </div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6.75pt; margin-left: 0pt; text-align: justify;">provision for income taxes based on the year-to-date actual effective tax rate for the three and six months ended June 30, 2024, because the forecasted annual effective tax rate was highly sensitive to fluctuations in pre-tax income and a reliable estimate of the annual effective tax rate could not be made. The Company recorded income tax expense in all periods presented despite experiencing pre-tax losses primarily due to nondeductible losses on fair value adjustments and projected limitations on the Company's ability to realize certain tax benefits, which has resulted in the Company maintaining a full valuation allowance on its U.S. deferred tax assets. The increase in year-over-year income tax expense primarily resulted from an increase in pre-tax income excluding these nondeductible losses and the inability to record a net benefit from deferred tax assets generated. </div>

-0.20

-0.14

-0.18

-0.14

<div class="BRDSX_h2" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 20.5pt; margin-left: 0pt; text-align: left;">13. Net Loss Per Share Attributable to Common Stockholders </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">The Company computes net loss per share utilizing the two-class method required for participating securities. The two-class method determines net loss per share for each class of common stock and participating securities according to dividends declared or accumulated and participation rights in undistributed income. The rights, including the liquidation and dividend rights, of the holders of the Company’s Class A common stock, redeemable Class A common stock, and Class B common stock are identical, except with respect to voting, and in the case of redeemable Class A common stock, redemption. As a result, the basic and diluted net loss per share for all shares of Class A common stock, redeemable Class A common stock, and Class B common stock are the same and therefore presented on a combined basis. </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">The Company considers its redeemable convertible preferred stock and common stock warrants to be participating securities as the holders of these securities are contractually entitled to participate in income but not contractually required to participate in losses. As such, net loss for the periods presented was not allocated to the Company’s participating securities. </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">The following table sets forth the computation of basic and diluted net loss per share attributable to common stockholders for the periods presented (in thousands, except per share data): </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: left;"> <br/></div> <table cellpadding="0" cellspacing="0" class="BRDSX_fintab" style="width: 468pt; margin-left: auto; margin-right: auto; border-spacing: 0;"> <tr class="BRDSX_boxspacer"> <td style="height: 6pt; width: 240pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 5.62pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 5.62pt;"> <div style="font-size: 1pt;"> </div> </td> <td colspan="4" style="height: 6pt; width: 107.58pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 5.62pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 5.62pt;"> <div style="font-size: 1pt;"> </div> </td> <td colspan="4" style="height: 6pt; width: 97.95pt;"> <div style="font-size: 1pt;"> </div> </td> </tr> <tr class="BRDSX_header"> <td style="width: 240pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"> </div> </td> <td style="width: 5.62pt; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.62pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td colspan="4" style="width: 107.58pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Three Months Ended June 30,</div> </td> <td style="width: 5.62pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.62pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td colspan="4" style="width: 97.95pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Six Months Ended June 30, </div> </td> </tr> <tr class="BRDSX_header"> <td style="width: 240pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"> </div> </td> <td style="width: 5.62pt; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.62pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 48.17pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2025</div> </td> <td style="width: 5.62pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.62pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 48.17pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2024</div> </td> <td style="width: 5.62pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.62pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 43.36pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2025</div> </td> <td style="width: 5.62pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.62pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 43.35pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2024 </div> </td> </tr> <tr> <td style="width: 240pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;">Numerator: </div> </td> <td style="width: 5.62pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.62pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 48.17pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 5.62pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.62pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 48.17pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 5.62pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.62pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 43.36pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 5.62pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.62pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 43.35pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> </tr> <tr> <td style="width: 240pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;">Net loss</div> </td> <td style="width: 5.62pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.62pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 48.17pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3.67pt; text-align: left;">$(290,509)</div> </td> <td style="width: 5.62pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.62pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 48.17pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3.67pt; text-align: left;">$(323,021)</div> </td> <td style="width: 5.62pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.62pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 43.36pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 1.27pt; text-align: left;">$(605,150)</div> </td> <td style="width: 5.62pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.62pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 43.35pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 1.26pt; text-align: left;">$(452,269) </div> </td> </tr> <tr> <td style="width: 240pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 30pt; text-indent: -10pt; text-align: left;">Dividends and accretion on Series C redeemable convertible preferred stock</div> </td> <td style="width: 5.62pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.62pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 48.17pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div class="BRDSX_fpara" style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-size: 10pt; margin-top: 0pt; margin-left: 3.67pt; text-align: left;"><span style="padding-left: 30.83pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">—</span></div> </td> <td style="width: 5.62pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.62pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 48.17pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3.67pt; text-align: left;"><span style="padding-left: 10pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">(15,596)</span></div> </td> <td style="width: 5.62pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.62pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 43.36pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 1.27pt; text-align: left;"><span style="padding-left: 10pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">(28,722)</span></div> </td> <td style="width: 5.62pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.62pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 43.35pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 1.26pt; text-align: left;"><span style="padding-left: 10pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">(15,596)</span><span style="padding-bottom: 1.5pt;"> </span></div> </td> </tr> <tr> <td style="width: 240pt; padding-top: 2.26pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 20pt; text-align: left;">Net loss attributable to common stockholders, basic</div> </td> <td style="width: 5.62pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.62pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 48.17pt; padding-top: 2.26pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3.67pt; text-align: left;">$(290,509)</div> </td> <td style="width: 5.62pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.62pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 48.17pt; padding-top: 2.26pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3.67pt; text-align: left;">$(338,617)</div> </td> <td style="width: 5.62pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.62pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 43.36pt; padding-top: 2.26pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 1.27pt; text-align: left;">$(633,872)</div> </td> <td style="width: 5.62pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.62pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 43.35pt; padding-top: 2.26pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 1.26pt; text-align: left;">$(467,865) </div> </td> </tr> <tr style="background-color: #CCEEFF; padding: 0px 0px 2.63pt;"> <td style="width: 240pt; padding-top: 1.01pt; text-align: left; vertical-align: bottom; background-color: rgb(204, 238, 255);"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 20pt; text-align: left;">Change in fair value of common stock warrants</div> </td> <td style="width: 5.62pt; background-color: rgb(204, 238, 255);"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.62pt; background-color: rgb(204, 238, 255);"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 48.17pt; padding-top: 1.01pt; text-align: center; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3.67pt; text-align: left;"><span style="padding-left: 30.83pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">—</span></div> </td> <td style="width: 5.62pt; background-color: rgb(204, 238, 255);"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.62pt; background-color: rgb(204, 238, 255);"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 48.17pt; padding-top: 1.01pt; text-align: center; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3.67pt; text-align: left;"><span style="padding-left: 30.83pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">—</span></div> </td> <td style="width: 5.62pt; background-color: rgb(204, 238, 255);"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.62pt; background-color: rgb(204, 238, 255);"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 43.36pt; padding-top: 1.01pt; text-align: center; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 1.27pt; text-align: left;"><span style="padding-left: 10pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">(26,845)</span></div> </td> <td style="width: 5.62pt; background-color: rgb(204, 238, 255);"> </td> <td style="width: 5.62pt; background-color: rgb(204, 238, 255);"> <div style="font-size: 1pt;"> </div> </td> <td style="background-color: #CCEEFF; vertical-align: bottom; white-space: nowrap; width: 43.35pt; padding: 1.01pt 0px 0px; font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: right;"> <div class="BRDSX_fpara" style="margin: 0pt 0px 0px 1.26pt; color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left;"><span style="padding-left: 30.83pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">— </span></div> </td> </tr> <tr> <td style="width: 240pt; padding-top: 2.26pt; padding-bottom: 2.63pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 30pt; text-indent: -10pt; text-align: left;">Net loss attributable to common stockholders, diluted</div> </td> <td style="width: 5.62pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.62pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 48.17pt; padding-top: 2.26pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3.67pt; text-align: left;"><span style="border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">$(290,509)</span></div> </td> <td style="width: 5.62pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.62pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 48.17pt; padding-top: 2.26pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3.67pt; text-align: left;"><span style="border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">$(338,617)</span></div> </td> <td style="width: 5.62pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.62pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 43.36pt; padding-top: 2.26pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 1.27pt; text-align: left;"><span style="border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">$(660,717)</span></div> </td> <td style="width: 5.62pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.62pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 43.35pt; padding-top: 2.26pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 1.26pt; text-align: left;"><span style="border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">$(467,865)</span><span style="padding-bottom: 1.5pt;"> </span></div> </td> </tr> <tr> <td style="width: 240pt; padding-top: 2.26pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;">Denominator: </div> </td> <td style="width: 5.62pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.62pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 48.17pt; padding-top: 2.26pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 5.62pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.62pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 48.17pt; padding-top: 2.26pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 5.62pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.62pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 43.36pt; padding-top: 2.26pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 5.62pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.62pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 43.35pt; padding-top: 2.26pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> </tr> <tr> <td style="width: 240pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 30pt; text-indent: -10pt; text-align: left;">Weighted-average shares used in computing net loss attributable to common stockholders, basic</div> </td> <td style="width: 5.62pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.62pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 48.17pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3.67pt; text-align: left;"><span style="padding-left: 8.33pt;">486,591</span></div> </td> <td style="width: 5.62pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.62pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 48.17pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3.67pt; text-align: left;"><span style="padding-left: 8.33pt;">209,626</span></div> </td> <td style="width: 5.62pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.62pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 43.36pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 1.27pt; text-align: left;"><span style="padding-left: 8.33pt;">366,765</span></div> </td> <td style="width: 5.62pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.62pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 43.35pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 1.26pt; text-align: left;"><span style="padding-left: 8.33pt;">209,560 </span></div> </td> </tr> <tr> <td style="width: 240pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 20pt; text-align: left;">Effect of dilutive securities: </div> </td> <td style="width: 5.62pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.62pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 48.17pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 5.62pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.62pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 48.17pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 5.62pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.62pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 43.36pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 5.62pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.62pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 43.35pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> </tr> <tr> <td style="width: 240pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 30pt; text-align: left;">Common stock warrants</div> </td> <td style="width: 5.62pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.62pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 48.17pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3.67pt; text-align: left;"><span style="padding-left: 30.83pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">—</span></div> </td> <td style="width: 5.62pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.62pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 48.17pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3.67pt; text-align: left;"><span style="padding-left: 30.83pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">—</span></div> </td> <td style="width: 5.62pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.62pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 43.36pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 1.27pt; text-align: left;"><span style="padding-left: 18.33pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">1,842</span></div> </td> <td style="width: 5.62pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.62pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 43.35pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 1.26pt; text-align: left;"><span style="padding-left: 30.83pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">— </span></div> </td> </tr> <tr> <td style="width: 240pt; padding-top: 2.26pt; padding-bottom: 3.63pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 30pt; text-indent: -10pt; text-align: left;">Weighted-average shares used in computing net loss attributable to common stockholders, diluted</div> </td> <td style="width: 5.62pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.62pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 48.17pt; padding-top: 2.26pt; padding-bottom: 3.63pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3.67pt; text-align: left;"><span style="padding-left: 8.33pt; border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">486,591</span></div> </td> <td style="width: 5.62pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.62pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 48.17pt; padding-top: 2.26pt; padding-bottom: 3.63pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3.67pt; text-align: left;"><span style="padding-left: 8.33pt; border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">209,626</span></div> </td> <td style="width: 5.62pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.62pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 43.36pt; padding-top: 2.26pt; padding-bottom: 3.63pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 1.27pt; text-align: left;"><span style="padding-left: 8.33pt; border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">368,607</span></div> </td> <td style="width: 5.62pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.62pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 43.35pt; padding-top: 2.26pt; padding-bottom: 3.63pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 1.26pt; text-align: left;"><span style="padding-left: 8.33pt; border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">209,560 </span></div> </td> </tr> <tr> <td style="width: 240pt; padding-top: 3.26pt; padding-bottom: 3.63pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-indent: -10pt; text-align: left;">Net loss per share attributable to common stockholders, basic</div> </td> <td style="width: 5.62pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.62pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 48.17pt; padding-top: 3.26pt; padding-bottom: 3.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3.67pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$</span><span style="padding-left: 15pt; border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">(0.60)</span></div> </td> <td style="width: 5.62pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.62pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 48.17pt; padding-top: 3.26pt; padding-bottom: 3.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3.67pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$</span><span style="padding-left: 15pt; border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">(1.62)</span></div> </td> <td style="width: 5.62pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.62pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 43.36pt; padding-top: 3.26pt; padding-bottom: 3.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 1.27pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$</span><span style="padding-left: 15pt; border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">(1.73)</span></div> </td> <td style="width: 5.62pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.62pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 43.35pt; padding-top: 3.26pt; padding-bottom: 3.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 1.26pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$</span><span style="padding-left: 15pt; border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">(2.23)</span><span style="padding-bottom: 0.5pt;"> </span></div> </td> </tr> <tr> <td style="width: 240pt; padding-top: 3.26pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-indent: -10pt; text-align: left;">Net loss per share attributable to common stockholders, diluted</div> </td> <td style="width: 5.62pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.62pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 48.17pt; padding-top: 3.26pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3.67pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$</span><span style="padding-left: 15pt; border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">(0.60)</span></div> </td> <td style="width: 5.62pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.62pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 48.17pt; padding-top: 3.26pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3.67pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$</span><span style="padding-left: 15pt; border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">(1.62)</span></div> </td> <td style="width: 5.62pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.62pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 43.36pt; padding-top: 3.26pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 1.27pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$</span><span style="padding-left: 15pt; border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">(1.79)</span></div> </td> <td style="width: 5.62pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.62pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 43.35pt; padding-top: 3.26pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 1.26pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$</span><span style="padding-left: 15pt; border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">(2.23)</span></div> </td> </tr> <tr class="BRDSX_boxspacer"> <td style="height: 2.75pt; width: 240pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 5.62pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 5.62pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 48.17pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 5.62pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 5.62pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 48.17pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 5.62pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 5.62pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 43.36pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 5.62pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 5.62pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 43.35pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> </tr> </table> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6.75pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">The number of securities that were excluded from the calculation of diluted net loss per share attributable to common stockholders for the periods presented because including them would have been anti-dilutive are as follows (in thousands): </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: left;"> <br/></div> <table cellpadding="0" cellspacing="0" class="BRDSX_fintab" style="width: 468pt; margin-left: auto; margin-right: auto; border-spacing: 0;"> <tr class="BRDSX_boxspacer"> <td style="height: 6pt; width: 384pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 6pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 6pt;"> <div style="font-size: 1pt;"> </div> </td> <td colspan="4" style="height: 6pt; width: 72pt;"> <div style="font-size: 1pt;"> </div> </td> </tr> <tr class="BRDSX_header"> <td style="width: 384pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"> </div> </td> <td style="width: 6pt; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td colspan="4" style="width: 72pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">As of June 30, </div> </td> </tr> <tr class="BRDSX_header"> <td style="width: 384pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"> </div> </td> <td style="width: 6pt; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 27.5pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2025</div> </td> <td style="width: 6pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 32.5pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2024 </div> </td> </tr> <tr> <td style="width: 384pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Redeemable convertible preferred stock</div> </td> <td style="width: 6pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 27.5pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 17.5pt;">—</span></div> </td> <td style="width: 6pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 32.5pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">188,684 </div> </td> </tr> <tr> <td style="width: 384pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Outstanding convertible notes</div> </td> <td style="width: 6pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 27.5pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 17.5pt;">—</span></div> </td> <td style="width: 6pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 32.5pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 5pt;">24,544 </span></div> </td> </tr> <tr> <td style="width: 384pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Outstanding stock options</div> </td> <td style="width: 6pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 27.5pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">44,480</div> </td> <td style="width: 6pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 32.5pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 5pt;">49,949 </span></div> </td> </tr> <tr> <td style="width: 384pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Outstanding RSUs and RSAs</div> </td> <td style="width: 6pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 27.5pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">27,146</div> </td> <td style="width: 6pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 32.5pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 22.5pt;">— </span></div> </td> </tr> <tr> <td style="width: 384pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Outstanding warrants to purchase common stock</div> </td> <td style="width: 6pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 27.5pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 5pt;">4,337</span></div> </td> <td style="width: 6pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 32.5pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 10pt;">4,337 </span></div> </td> </tr> <tr> <td style="width: 384pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">ESPP</div> </td> <td style="width: 6pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 27.5pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 12.5pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">147</span></div> </td> <td style="width: 6pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 32.5pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 22.5pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">— </span></div> </td> </tr> <tr> <td style="width: 384pt; padding-top: 2.26pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 10pt; text-align: left;">Total</div> </td> <td style="width: 6pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 27.5pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 0.37pt; border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">76,110</span></div> </td> <td style="width: 6pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 32.5pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">267,514</span></div> </td> </tr> <tr class="BRDSX_boxspacer"> <td style="height: 2.75pt; width: 384pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 6pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 6pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 27.5pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 6pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 6pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 32.5pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> </tr> </table> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">The table above does not include 5,248,300 RSUs outstanding as of June 30, 2024 because these awards were subject to a performance-based vesting condition that was not considered probable as of that date. </div>

-290509000

-323021000

-605150000

-452269000

15596000

28722000

15596000

-290509000

-338617000

-633872000

-467865000

-26845000

-290509000

-338617000

-660717000

-467865000

486591000

209626000

366765000

209560000

1842000

486591000

209626000

368607000

209560000

-0.6

-1.62

-1.73

-2.23

-0.6

-1.62

-1.79

-2.23

<div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6.75pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">The number of securities that were excluded from the calculation of diluted net loss per share attributable to common stockholders for the periods presented because including them would have been anti-dilutive are as follows (in thousands): </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: left;"> <br/></div> <table cellpadding="0" cellspacing="0" class="BRDSX_fintab" style="width: 468pt; margin-left: auto; margin-right: auto; border-spacing: 0;"> <tr class="BRDSX_boxspacer"> <td style="height: 6pt; width: 384pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 6pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 6pt;"> <div style="font-size: 1pt;"> </div> </td> <td colspan="4" style="height: 6pt; width: 72pt;"> <div style="font-size: 1pt;"> </div> </td> </tr> <tr class="BRDSX_header"> <td style="width: 384pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"> </div> </td> <td style="width: 6pt; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td colspan="4" style="width: 72pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">As of June 30, </div> </td> </tr> <tr class="BRDSX_header"> <td style="width: 384pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"> </div> </td> <td style="width: 6pt; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 27.5pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2025</div> </td> <td style="width: 6pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 32.5pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2024 </div> </td> </tr> <tr> <td style="width: 384pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Redeemable convertible preferred stock</div> </td> <td style="width: 6pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 27.5pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 17.5pt;">—</span></div> </td> <td style="width: 6pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 32.5pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">188,684 </div> </td> </tr> <tr> <td style="width: 384pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Outstanding convertible notes</div> </td> <td style="width: 6pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 27.5pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 17.5pt;">—</span></div> </td> <td style="width: 6pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 32.5pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 5pt;">24,544 </span></div> </td> </tr> <tr> <td style="width: 384pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Outstanding stock options</div> </td> <td style="width: 6pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 27.5pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">44,480</div> </td> <td style="width: 6pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 32.5pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 5pt;">49,949 </span></div> </td> </tr> <tr> <td style="width: 384pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Outstanding RSUs and RSAs</div> </td> <td style="width: 6pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 27.5pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">27,146</div> </td> <td style="width: 6pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 32.5pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 22.5pt;">— </span></div> </td> </tr> <tr> <td style="width: 384pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Outstanding warrants to purchase common stock</div> </td> <td style="width: 6pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 27.5pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 5pt;">4,337</span></div> </td> <td style="width: 6pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 32.5pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 10pt;">4,337 </span></div> </td> </tr> <tr> <td style="width: 384pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">ESPP</div> </td> <td style="width: 6pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 27.5pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 12.5pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">147</span></div> </td> <td style="width: 6pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 32.5pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 22.5pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">— </span></div> </td> </tr> <tr> <td style="width: 384pt; padding-top: 2.26pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 10pt; text-align: left;">Total</div> </td> <td style="width: 6pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 27.5pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 0.37pt; border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">76,110</span></div> </td> <td style="width: 6pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 32.5pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">267,514</span></div> </td> </tr> <tr class="BRDSX_boxspacer"> <td style="height: 2.75pt; width: 384pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 6pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 6pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 27.5pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 6pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 6pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 32.5pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> </tr> </table>

188684000

24544000

44480000

49949000

27146000

4337000

147000

76110000

267514000

5248300

15000000

375000

P1Y 0

125000000

12144668

137000000

0.05 0.05

388000000

438000000

30000000

5000000

14000000

18000000

55000000

5000000

29000000

31000000

137000000

106000000

3000000

6000000

257000000

230000000

8000000

27000000

50000000

<div class="BRDSX_h2" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 15.5pt; margin-left: 0pt; text-align: left;">15. Geographic Information </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">Revenue by geography is based on the address of the customer as specified in the Company's customer contracts. The following table sets forth revenue by geographic area (in thousands): </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: left;"> <br/></div> <table cellpadding="0" cellspacing="0" class="BRDSX_fintab" style="width: 468pt; margin-left: auto; margin-right: auto; border-spacing: 0;"> <tr class="BRDSX_boxspacer"> <td style="height: 6pt; width: 240pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td colspan="4" style="height: 6pt; width: 109.32pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td colspan="4" style="height: 6pt; width: 99.7pt;"> <div style="font-size: 1pt;"> </div> </td> </tr> <tr class="BRDSX_header"> <td style="width: 240pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"> </div> </td> <td style="width: 4.75pt; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td colspan="4" style="width: 109.32pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Three Months Ended June 30,</div> </td> <td style="width: 4.75pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td colspan="4" style="width: 99.7pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Six Months Ended June 30, </div> </td> </tr> <tr class="BRDSX_header"> <td style="width: 240pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"> </div> </td> <td style="width: 4.75pt; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 53.66pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2025</div> </td> <td style="width: 4.75pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 46.16pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2024</div> </td> <td style="width: 4.75pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 48.85pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2025</div> </td> <td style="width: 4.75pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 41.35pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2024 </div> </td> </tr> <tr> <td style="width: 240pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">United States</div> </td> <td style="width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 53.66pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 4.33pt; text-align: left;">$1,147,655</div> </td> <td style="width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 46.16pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 4.34pt; text-align: left;">$370,107</div> </td> <td style="width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 48.85pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 1.93pt; text-align: left;">$2,077,079</div> </td> <td style="width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 41.35pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 1.93pt; text-align: left;">$547,071 </div> </td> </tr> <tr> <td style="width: 240pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">All other countries</div> </td> <td style="width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 53.66pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 4.33pt; text-align: left;"><span style="padding-left: 17.5pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">65,133</span></div> </td> <td style="width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 46.16pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 4.34pt; text-align: left;"><span style="padding-left: 10pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">25,264</span></div> </td> <td style="width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 48.85pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 1.93pt; text-align: left;"><span style="padding-left: 12.87pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">117,341</span></div> </td> <td style="width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 41.35pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 1.93pt; text-align: left;"><span style="padding-left: 10pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">36,984 </span></div> </td> </tr> <tr> <td style="width: 240pt; padding-top: 2.26pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Total revenue</div> </td> <td style="width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 53.66pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 4.33pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$1,212,788</span></div> </td> <td style="width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 46.16pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 4.34pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$395,371</span></div> </td> <td style="width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 48.85pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 1.93pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$2,194,420</span></div> </td> <td style="width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 41.35pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 1.93pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$584,055</span></div> </td> </tr> <tr class="BRDSX_boxspacer"> <td style="height: 2.75pt; width: 240pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 53.66pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 46.16pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 48.85pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 41.35pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> </tr> </table> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">The Company's long-lived assets are attributed to a country based on the physical location of the assets. It defines long-lived assets as property and equipment and operating lease right-of-use assets because many of these assets cannot be readily moved and are relatively illiquid, subjecting them to geographic risk. </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">As of June 30, 2025 and December 31, 2024, 87% and 90%, respectively, of the Company's long-lived assets were located in the United States, and no other single country accounted for more than 10% of these assets. </div>

<div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">Revenue by geography is based on the address of the customer as specified in the Company's customer contracts. The following table sets forth revenue by geographic area (in thousands): </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: left;"> <br/></div> <table cellpadding="0" cellspacing="0" class="BRDSX_fintab" style="width: 468pt; margin-left: auto; margin-right: auto; border-spacing: 0;"> <tr class="BRDSX_boxspacer"> <td style="height: 6pt; width: 240pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td colspan="4" style="height: 6pt; width: 109.32pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td colspan="4" style="height: 6pt; width: 99.7pt;"> <div style="font-size: 1pt;"> </div> </td> </tr> <tr class="BRDSX_header"> <td style="width: 240pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"> </div> </td> <td style="width: 4.75pt; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td colspan="4" style="width: 109.32pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Three Months Ended June 30,</div> </td> <td style="width: 4.75pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td colspan="4" style="width: 99.7pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Six Months Ended June 30, </div> </td> </tr> <tr class="BRDSX_header"> <td style="width: 240pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"> </div> </td> <td style="width: 4.75pt; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 53.66pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2025</div> </td> <td style="width: 4.75pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 46.16pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2024</div> </td> <td style="width: 4.75pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 48.85pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2025</div> </td> <td style="width: 4.75pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 41.35pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2024 </div> </td> </tr> <tr> <td style="width: 240pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">United States</div> </td> <td style="width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 53.66pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 4.33pt; text-align: left;">$1,147,655</div> </td> <td style="width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 46.16pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 4.34pt; text-align: left;">$370,107</div> </td> <td style="width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 48.85pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 1.93pt; text-align: left;">$2,077,079</div> </td> <td style="width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 41.35pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 1.93pt; text-align: left;">$547,071 </div> </td> </tr> <tr> <td style="width: 240pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">All other countries</div> </td> <td style="width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 53.66pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 4.33pt; text-align: left;"><span style="padding-left: 17.5pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">65,133</span></div> </td> <td style="width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 46.16pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 4.34pt; text-align: left;"><span style="padding-left: 10pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">25,264</span></div> </td> <td style="width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 48.85pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 1.93pt; text-align: left;"><span style="padding-left: 12.87pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">117,341</span></div> </td> <td style="width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 41.35pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 1.93pt; text-align: left;"><span style="padding-left: 10pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">36,984 </span></div> </td> </tr> <tr> <td style="width: 240pt; padding-top: 2.26pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Total revenue</div> </td> <td style="width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 53.66pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 4.33pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$1,212,788</span></div> </td> <td style="width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 46.16pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 4.34pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$395,371</span></div> </td> <td style="width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 48.85pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 1.93pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$2,194,420</span></div> </td> <td style="width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 41.35pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 1.93pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$584,055</span></div> </td> </tr> <tr class="BRDSX_boxspacer"> <td style="height: 2.75pt; width: 240pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 53.66pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 46.16pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 48.85pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 41.35pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> </tr> </table>

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<div class="BRDSX_h3" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; font-weight: bold; margin-top: 12pt; margin-left: 20pt; text-align: left;">Basis of Presentation and Consolidation </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">The accompanying consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“U.S. GAAP”) and include the accounts of the Company and its wholly and majority-owned subsidiaries. All intercompany balances and transactions have been eliminated in consolidation. </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">The Company determines at inception of each arrangement whether an entity in which the Company has made an investment or in which the Company has other variable interests is considered a variable interest entity (“VIE”). Investments that are considered VIEs are evaluated to determine whether the Company is the primary beneficiary of the VIE, in which case it would be required to consolidate the entity. The Company evaluates whether it has (1) the power to direct the activities that most significantly impact the VIE’s economic performance, and (2) the obligation to absorb losses or the right to receive benefits from the VIE that could potentially be significant to the VIE. If the Company is not the primary beneficiary of the VIE, the investment or other variable interest is accounted for in accordance with applicable U.S. GAAP. </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">In circumstances where an entity does not have the characteristics of a VIE, it would be considered a voting interest entity (“VOE”). The Company would consolidate a VOE when the Company has a majority equity interest and has control over significant operating, financial, and investing decisions of the entity. </div>

<div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">The Company determines at inception of each arrangement whether an entity in which the Company has made an investment or in which the Company has other variable interests is considered a variable interest entity (“VIE”). Investments that are considered VIEs are evaluated to determine whether the Company is the primary beneficiary of the VIE, in which case it would be required to consolidate the entity. The Company evaluates whether it has (1) the power to direct the activities that most significantly impact the VIE’s economic performance, and (2) the obligation to absorb losses or the right to receive benefits from the VIE that could potentially be significant to the VIE. If the Company is not the primary beneficiary of the VIE, the investment or other variable interest is accounted for in accordance with applicable U.S. GAAP. </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">In circumstances where an entity does not have the characteristics of a VIE, it would be considered a voting interest entity (“VOE”). The Company would consolidate a VOE when the Company has a majority equity interest and has control over significant operating, financial, and investing decisions of the entity. </div>

<div class="BRDSX_h3" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; font-weight: bold; margin-top: 6.75pt; margin-left: 20pt; text-align: left;">Concentration of Risk </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">The Company is subject to certain risks and uncertainties that could have a material adverse effect on its business, financial condition, results of operations, or cash flows primarily due to concentration of credit risk, significant customers, and supplier concentration. </div> <div class="BRDSX_h4" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; margin-top: 13pt; margin-left: 20pt; text-align: left;">Concentration of Credit Risk </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">Financial instruments that potentially expose the Company to significant concentration of credit risk consist primarily of cash, cash equivalents, restricted cash, accounts receivable, and marketable securities. The Company maintains its cash, cash equivalents, restricted cash, and marketable securities with high-quality financial institutions mainly in the United States, where the composition and maturities of which are regularly monitored by the Company. The Company grants credit to its customers in the normal course of business, exposing it to credit risk in the event of nonrepayment by customers. The Company has not experienced any material losses in such accounts. </div> <div class="BRDSX_h4" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; margin-top: 13pt; margin-left: 20pt; text-align: left;">Significant Customers </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">The following customers accounted for 10% or more of the Company’s revenue for the years ended December 31, 2022, 2023, and 2024: </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: left;"> <br/></div> <table cellpadding="0" cellspacing="0" class="BRDSX_fintab" style="width: 468pt; margin-left: auto; margin-right: auto; border-spacing: 0;"> <tr class="BRDSX_boxspacer"> <td style="height: 6pt; width: 348pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 6.91pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 6.91pt;"> <div style="font-size: 1pt;"> </div> </td> <td colspan="7" style="height: 6pt; width: 106.18pt;"> <div style="font-size: 1pt;"> </div> </td> </tr> <tr class="BRDSX_header"> <td style="width: 348pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"> </div> </td> <td style="width: 6.91pt; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.91pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td colspan="7" style="width: 106.18pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Year Ended December 31, </div> </td> </tr> <tr class="BRDSX_header"> <td style="width: 348pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"> </div> </td> <td style="width: 6.91pt; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.91pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 26.18pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2022</div> </td> <td style="width: 6.91pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.91pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 26.18pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2023</div> </td> <td style="width: 6.91pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.91pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 26.18pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2024 </div> </td> </tr> <tr> <td style="width: 348pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Customer A</div> </td> <td style="width: 6.91pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.91pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 26.18pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 8.09pt; text-align: left;"><span style="padding-left: 10pt;">*</span></div> </td> <td style="width: 6.91pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.91pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 26.18pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 8.09pt; text-align: left;">35%</div> </td> <td style="width: 6.91pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.91pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 26.18pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 8.09pt; text-align: left;">62%</div> </td> </tr> <tr> <td style="width: 348pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Customer B</div> </td> <td style="width: 6.91pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.91pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 26.18pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 8.09pt; text-align: left;"><span style="padding-left: 10pt;">*</span></div> </td> <td style="width: 6.91pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.91pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 26.18pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 8.09pt; text-align: left;">21%</div> </td> <td style="width: 6.91pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.91pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 26.18pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 8.09pt; text-align: left;"><span style="padding-left: 10pt;">*</span></div> </td> </tr> <tr> <td style="width: 348pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Customer C</div> </td> <td style="width: 6.91pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.91pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 26.18pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 8.09pt; text-align: left;"><span style="padding-left: 10pt;">*</span></div> </td> <td style="width: 6.91pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.91pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 26.18pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 8.09pt; text-align: left;">17%</div> </td> <td style="width: 6.91pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.91pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 26.18pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 8.09pt; text-align: left;">15%</div> </td> </tr> <tr> <td style="width: 348pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Customer D</div> </td> <td style="width: 6.91pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.91pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 26.18pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 8.09pt; text-align: left;">16%</div> </td> <td style="width: 6.91pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.91pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 26.18pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 8.09pt; text-align: left;"><span style="padding-left: 10pt;">*</span></div> </td> <td style="width: 6.91pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.91pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 26.18pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 8.09pt; text-align: left;"><span style="padding-left: 10pt;">*</span></div> </td> </tr> <tr> <td style="width: 348pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Customer E</div> </td> <td style="width: 6.91pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.91pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 26.18pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 8.09pt; text-align: left;">13%</div> </td> <td style="width: 6.91pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.91pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 26.18pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 8.09pt; text-align: left;"><span style="padding-left: 10pt;">*</span></div> </td> <td style="width: 6.91pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.91pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 26.18pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 8.09pt; text-align: left;"><span style="padding-left: 10pt;">*</span></div> </td> </tr> <tr> <td style="width: 348pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Customer F</div> </td> <td style="width: 6.91pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.91pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 26.18pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 8.09pt; text-align: left;">12%</div> </td> <td style="width: 6.91pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.91pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 26.18pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 8.09pt; text-align: left;"><span style="padding-left: 10pt;">*</span></div> </td> <td style="width: 6.91pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.91pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 26.18pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 8.09pt; text-align: left;"><span style="padding-left: 10pt;">*</span></div> </td> </tr> <tr> <td style="width: 348pt; padding-top: 1.01pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Customer G</div> </td> <td style="width: 6.91pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.91pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 26.18pt; padding-top: 1.01pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 8.09pt; text-align: left;"><span style="padding-left: 10pt;">*</span></div> </td> <td style="width: 6.91pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.91pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 26.18pt; padding-top: 1.01pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 8.09pt; text-align: left;"><span style="padding-left: 10pt;">*</span></div> </td> <td style="width: 6.91pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.91pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 26.18pt; padding-top: 1.01pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 8.09pt; text-align: left;"><span style="padding-left: 10pt;">*</span></div> </td> </tr> <tr class="BRDSX_boxspacer"> <td style="height: 2.75pt; width: 348pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 6.91pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 6.91pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 26.18pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 6.91pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 6.91pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 26.18pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 6.91pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 6.91pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 26.18pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> </tr> </table> <div class="BRDSX_rule-partial" style="height: 0pt; width: 72pt; border-bottom: 1pt solid #000000; margin-bottom: 1pt; margin-right: auto; margin-left: 0pt; margin-top: 8.25pt;"> <br/></div> <table border="0" cellpadding="0" cellspacing="0" style="margin-top: 3pt; margin-left: 0pt; border-spacing: 0;"> <tr> <td style="width: 20pt; text-align: left; vertical-align: top;"> <div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt;">*<br/> </div> </td> <td style="vertical-align: top;"> <div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; text-align: left;">Customer did not represent 10% or more of revenue </div> </td> </tr> </table> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">Customer A, C, and G accounted for 15%, 13%, and 56% of accounts receivable, net, respectively, as of December 31, 2023. Customer A accounted for 66% of accounts receivable, net as of December 31, 2024. </div> <div class="BRDSX_h4" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; margin-top: 13pt; margin-left: 20pt; text-align: left;">Supplier Concentration </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">Certain materials and products used by the Company in its operations are available from a limited number of suppliers. Three suppliers accounted for 23%, 16%, and 10% of total purchases for the year ended December 31, 2022. Three suppliers accounted for 57%, 22%, and 11% of total purchases for the year ended December 31, 2023. Three suppliers accounted for 46%, 16%, and 14% of total purchases for the year ended December 31, 2024. </div>

0.35

0.62

0.21

0.17

0.15

0.16

0.13

0.12

0.15

0.13

0.56

0.66

0.23

0.16

0.10

0.57

0.22

0.11

0.46

0.16

0.14

<div class="BRDSX_h3" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; font-weight: bold; margin-top: 12.5pt; margin-left: 20pt; text-align: left;">Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">Cash primarily consists of cash in banks and bank deposits. The Company considers all highly liquid investments with an original maturity of three months or less at the date of purchase to be cash equivalents. Cash equivalents consist of money market funds in the Company’s investment accounts maintained in financial institutions. The Company maintains cash balances in bank deposit accounts that, at times, may exceed federally insured limits. The Company has not experienced any losses in such accounts. </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">The Company has restricted cash and cash equivalents that consist of bank deposits related to a collateralized loan facility and letters of credit. Restricted cash is classified as current and non-current assets based on the term of the remaining restriction. </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-indent: 20pt; text-align: left;">Refer to <span style="font-style: italic;">Note 10—Debt</span> for additional information on restricted cash. </div>

<div class="BRDSX_h3" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; font-weight: bold; margin-top: 12.5pt; margin-left: 20pt; text-align: left;">Accounts Receivable and Allowance for Credit Losses </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">Accounts receivable primarily consist of amounts billed that are currently due from customers. Accounts receivable are recorded at the invoiced amount, net of an allowance for credit losses. The Company’s accounts receivable balances are subject to collection risk and the Company regularly assesses the collectability of outstanding </div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6.75pt; margin-left: 0pt; text-align: justify;">accounts receivable on an ongoing basis and maintains an allowance for credit losses for accounts receivable deemed uncollectible. The allowance for credit losses reflects the best estimate of probable losses in the accounts receivable balance. The Company determines the allowance based on known troubled accounts; historical experience; current and anticipated macroeconomic conditions that could impact the Company’s customers, such as unemployment, inflation, and regulation matters; and other currently available information. The Company’s allowance for expected credit losses was not material as of December 31, 2023 and 2024. Additions to and write-offs against the allowance for expected credit losses were not material for the years ended December 31, 2022, 2023, and 2024. </div>

<div class="BRDSX_h3" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; font-weight: bold; margin-top: 18.5pt; margin-left: 20pt; text-align: left;">Notes Receivable </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">Notes receivable are related to the DCSP Financing Arrangements (as defined in <span style="font-style: italic;">Note 10—Debt</span>) and reported at the outstanding principal value plus accrued and unpaid interest. An allowance for credit losses on notes receivable is established when, based on current information and events, it is probable that the Company will be unable to collect all amounts due according to the contractual terms of the agreement. The Company considers certain factors, including the credit risk and financial condition of the borrower, the borrower’s ability to pay current obligations, historical trends, and macroeconomic conditions. The Company evaluates the extent and impact of any credit deterioration that could affect the performance and the value of the assets, as well as the financial and operating capability of the borrower. As of December 31, 2024, the Company determined the carrying amount of the notes receivable to be fully collectible. The Company did not have any outstanding notes receivable as of December 31, 2023. </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">The Company’s note receivable meets the criteria for right of setoff under the DCSP Financing Arrangements. The Company will recognize interest income under certain conditions due to the setoff nature of the DCSP Financing Arrangements. </div>

<div class="BRDSX_h3" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; font-weight: bold; margin-top: 18.5pt; margin-left: 20pt; text-align: left;">Fair Value Measurements </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">The Company measures certain financial assets and liabilities at fair value on a recurring basis. Fair value is determined based on assumptions that market participants would use in pricing an asset or liability at the measurement date. The Company maximizes the use of observable inputs when available and minimizes the use of unobservable inputs when determining fair value. </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">The Company’s financial instruments include cash, cash equivalents, restricted cash, accounts receivable, marketable securities, accounts payable, accrued liabilities, derivatives, warrant liabilities, and Series B tranche liabilities. Cash, restricted cash, accounts receivable, accounts payable, and accrued liabilities are stated at their carrying value, which approximates fair value due to the short time to the expected receipt or payment date. Cash equivalents, restricted marketable securities, derivatives, and warrant liabilities are stated at fair value on a recurring basis. Adjustments to the fair value of certain financial liabilities, such as derivative, warrant, and Series B tranche liabilities, are recorded as fair value adjustments within the consolidated statements of operations. </div>

<div class="BRDSX_h3" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; font-weight: bold; margin-top: 19pt; margin-left: 20pt; text-align: left;">Marketable Securities </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">Marketable securities consist of certificates of deposit and marketable debt securities that the Company has classified and accounted for as available for sale. The Company determines the appropriate classification of its investments in these securities at the time of purchase and reevaluates such designation at each consolidated balance sheet date. After consideration of its risk versus reward objectives, as well as its liquidity requirements, the Company may sell these debt securities prior to their effective maturities. </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">The Company classifies its investments with maturities within 12 months as current within other current assets on the consolidated balance sheets. The Company classifies its investments with maturities beyond 12 months as non-current within restricted marketable securities, non-current on the consolidated balance sheets. </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">The Company carries these securities at fair value and reports the unrealized gains and losses, net of taxes, as a component of stockholders’ deficit, except for changes in allowance for expected credit losses, which are recorded in other income, net, within the consolidated statements of operations. </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">The Company periodically evaluates its available-for-sale debt securities for impairment. If the amortized cost of an individual security exceeds its fair value, the Company considers its intent to sell the security or whether it is more likely than not that the Company will be required to sell the security before recovery of its amortized basis. If either of these criteria are met, the Company writes down the security to its fair value and records the impairment </div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6.75pt; margin-left: 0pt; text-align: justify;">charge in other income, net, within the consolidated statements of operations. If neither of these criteria are met, the Company determines whether a credit loss exists. Credit loss is estimated by considering changes to the rating of the security by a rating agency, any adverse conditions specifically related to the security, as well as other factors. </div>

42000000

102000000

<div class="BRDSX_h3" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; font-weight: bold; margin-top: 15.5pt; margin-left: 20pt; text-align: left;">Property and Equipment, Net </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">Property and equipment, net is stated at historical cost less accumulated depreciation and amortization. Construction in progress is related to the construction or development of property and equipment that has not yet been placed into service for its intended use. Depreciation and amortization are calculated utilizing the straight-line method over the estimated useful lives of the respective assets. Expenditures for maintenance and repairs that do not extend the lives of the respective assets are expensed as incurred. The carrying value of property and equipment is reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of the assets may not be recoverable. </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">Effective January 1, 2023, the Company changed its estimate of the useful life for its computing equipment utilized in data centers from <span style="-sec-ix-hidden:Fact_fc2e4a6aaa3d4876a5fdf3d973cdf88d">five</span> to <span style="-sec-ix-hidden:Fact_f2f3c3048fb146c38537e9d69874c595">six</span> years, reflecting continuous advancements in hardware performance, software optimization, and data center design improvements. The effects of this change in estimate for the year ended December 31, 2023 on computing equipment that was included in property and equipment, net on the consolidated balance sheets as of December 31, 2023 was a reduction in total expenses of $20 million. The per share impact of the change in estimate was a $0.10 increase for the year ended December 31, 2023. </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-indent: 20pt; text-align: left;">The estimated useful lives of the Company’s property and equipment are as follows: </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: left;"> <br/></div> <table cellpadding="0" cellspacing="0" class="BRDSX_fintab" style="width: 461.67pt; margin-left: 20pt; border-spacing: 0;"> <tr class="BRDSX_boxspacer"> <td style="height: 6pt; width: 228pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 3pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 3pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 227.67pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> </tr> <tr> <td style="width: 228pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Technology equipment</div> </td> <td style="width: 3pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 227.67pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">6 years </div> </td> </tr> <tr> <td style="width: 228pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Software</div> </td> <td style="width: 3pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 227.67pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">3-6 years </div> </td> </tr> <tr> <td style="width: 228pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Data center equipment</div> </td> <td style="width: 3pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 227.67pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">8-12 years </div> </td> </tr> <tr> <td style="width: 228pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Furniture, fixtures, and other assets</div> </td> <td style="width: 3pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 227.67pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">3-5 years </div> </td> </tr> <tr> <td style="width: 228pt; padding-top: 1.01pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Leasehold improvements</div> </td> <td style="width: 3pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 227.67pt; padding-top: 1.01pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Shorter of remaining lease term or estimated useful life</div> </td> </tr> <tr class="BRDSX_boxspacer"> <td style="height: 2.75pt; width: 228pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 3pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 3pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 227.67pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> </tr> </table> <div class="BRDSX_h4" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; margin-top: 13.5pt; margin-left: 20pt; text-align: left;">Capitalized Interest Costs </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">The Company capitalizes certain interest costs associated with the construction of data centers and purchases of related technology equipment during the period in which expenditures have been made and activities are in progress to prepare the assets for their intended use. The interest cost incurred in the construction of the data centers is considered a part of the assets’ historical cost and are depreciated over the estimated useful lives of the underlying assets. </div> <div class="BRDSX_h4" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; margin-top: 15.5pt; margin-left: 20pt; text-align: left;">Capitalized Internal-Use Software </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">The Company capitalizes costs incurred to develop or modify software solely for the Company’s internal use, including hosted applications used to deliver the Company’s support services, and certain implementation costs incurred in a hosting arrangement that is a service contract. This capitalization occurs when the preliminary project stage is complete, management, with the relevant authority, authorizes and commits to the funding of the software project, and it is probable the project will be completed and used to perform the intended function. Capitalized costs primarily consist of salaries and payroll-related costs for employees directly involved in development efforts. Costs incurred during the </div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6.75pt; margin-left: 0pt; text-align: justify;">preliminary project stage and during the post-implementation operational stage, including maintenance costs, are expensed as incurred. Costs incurred for software upgrades are capitalized if they result in additional functionalities or substantial enhancements. Capitalized software development costs are included in property and equipment, net on the consolidated balance sheets, are amortized on a straight-line basis over the software’s estimated useful life, which is between three and six years, and amortization is recorded in technology and infrastructure within the consolidated statements of operations. The Company capitalized $1 million, $12 million, and $27 million of qualifying software development costs during the years ended December 31, 2022, 2023, and 2024, respectively. </div> <div class="BRDSX_h4" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; margin-top: 20.5pt; margin-left: 20pt; text-align: left;">Asset Retirement Obligations </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">An asset retirement obligation represents a legal obligation associated with the retirement of a tangible long-lived asset that is incurred upon the acquisition, construction, development or normal operation of that long-lived asset. The Company recognizes asset retirement obligations in the period in which they are placed in service, if a reasonable estimate of fair value can be made. The asset retirement obligation is subsequently adjusted for changes in fair value. The associated estimated asset retirement costs are capitalized in equipment and depreciated over their useful lives. The Company’s asset retirement obligations relate to the future removal of certain equipment related to its data center fit outs. </div>

20000000

0.1 <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-indent: 20pt; text-align: left;">The estimated useful lives of the Company’s property and equipment are as follows: </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: left;"> <br/></div> <table cellpadding="0" cellspacing="0" class="BRDSX_fintab" style="width: 461.67pt; margin-left: 20pt; border-spacing: 0;"> <tr class="BRDSX_boxspacer"> <td style="height: 6pt; width: 228pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 3pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 3pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 227.67pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> </tr> <tr> <td style="width: 228pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Technology equipment</div> </td> <td style="width: 3pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 227.67pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">6 years </div> </td> </tr> <tr> <td style="width: 228pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Software</div> </td> <td style="width: 3pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 227.67pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">3-6 years </div> </td> </tr> <tr> <td style="width: 228pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Data center equipment</div> </td> <td style="width: 3pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 227.67pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">8-12 years </div> </td> </tr> <tr> <td style="width: 228pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Furniture, fixtures, and other assets</div> </td> <td style="width: 3pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 227.67pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">3-5 years </div> </td> </tr> <tr> <td style="width: 228pt; padding-top: 1.01pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Leasehold improvements</div> </td> <td style="width: 3pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 227.67pt; padding-top: 1.01pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Shorter of remaining lease term or estimated useful life</div> </td> </tr> <tr class="BRDSX_boxspacer"> <td style="height: 2.75pt; width: 228pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 3pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 3pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 227.67pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> </tr> </table>

P6Y

P3Y

P6Y

P8Y

P12Y

P3Y

P5Y

1000000

12000000

27000000

10000000

<div class="BRDSX_h3" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; font-weight: bold; margin-top: 20.5pt; margin-left: 20pt; text-align: left;">Goodwill and Intangible Assets </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">Goodwill represents the excess of the purchase price consideration over the estimated fair value of the tangible and intangible assets acquired and liabilities assumed in a business combination. Goodwill is evaluated for impairment annually on December 1 for the Company’s single reporting unit, and whenever events or changes in circumstances indicate the carrying value of goodwill may not be recoverable. Goodwill impairment is recognized when the quantitative assessment results in the carrying value exceeding the fair value; in which case, an impairment charge is recorded to the extent the carrying value exceeds the fair value. </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6.75pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">The Company’s definite-lived intangible assets are carried at cost, net of accumulated amortization. Intangible assets are amortized on a straight-line basis over their estimated useful lives. The Company estimates the useful life by estimating the expected period of economic benefit. <span style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">The estimated useful lives for each class of intangible assets are as follows: </span></div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-indent: 0pt; text-align: left;"> <br/></div> <table cellpadding="0" cellspacing="0" class="BRDSX_fintab" style="width: 448.43pt; margin-left: 20pt; border-spacing: 0;"> <tr class="BRDSX_boxspacer"> <td style="height: 6pt; width: 408pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 3pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 3pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 34.43pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> </tr> <tr> <td style="width: 408pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Acquired technologies</div> </td> <td style="width: 3pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 34.43pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; text-align: right;">3 years </div> </td> </tr> <tr> <td style="width: 408pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Customer relationships</div> </td> <td style="width: 3pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 34.43pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom;"> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; text-align: right;">13 years </div> </td> </tr> <tr> <td style="width: 408pt; padding-top: 1.01pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Trade names</div> </td> <td style="width: 3pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 34.43pt; padding-top: 1.01pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; text-align: right;">5 years</div> </td> </tr> <tr class="BRDSX_boxspacer"> <td style="height: 2.75pt; width: 408pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 3pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 3pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 34.43pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> </tr> </table> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">Amortization of intangible assets is recognized in the consolidated statements of operations based on the function of the related asset. Specifically, amortization is allocated to cost of revenue, technology and infrastructure, or sales and marketing, depending on the use of the underlying intangible asset. </div>

<span style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">The estimated useful lives for each class of intangible assets are as follows: </span> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-indent: 0pt; text-align: left;"> <br/></div> <table cellpadding="0" cellspacing="0" class="BRDSX_fintab" style="width: 448.43pt; margin-left: 20pt; border-spacing: 0;"> <tr class="BRDSX_boxspacer"> <td style="height: 6pt; width: 408pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 3pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 3pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 34.43pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> </tr> <tr> <td style="width: 408pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Acquired technologies</div> </td> <td style="width: 3pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 34.43pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; text-align: right;">3 years </div> </td> </tr> <tr> <td style="width: 408pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Customer relationships</div> </td> <td style="width: 3pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 34.43pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom;"> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; text-align: right;">13 years </div> </td> </tr> <tr> <td style="width: 408pt; padding-top: 1.01pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Trade names</div> </td> <td style="width: 3pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 34.43pt; padding-top: 1.01pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; text-align: right;">5 years</div> </td> </tr> <tr class="BRDSX_boxspacer"> <td style="height: 2.75pt; width: 408pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 3pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 3pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 34.43pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> </tr> </table>

P3Y

P13Y

P5Y

<div class="BRDSX_h3" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; font-weight: bold; margin-top: 19.5pt; margin-left: 20pt; text-align: left;">Leases </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">The Company has lease agreements primarily for data centers, office buildings, storage spaces and equipment. The Company accounts for leases in accordance with <span style="font-style: italic;">Accounting Standards Codification (</span>“ASC”<span style="font-style: italic;">) 842, Leases</span> (Topic 842). The Company determines if an arrangement meets the definition of a lease at the inception and leases are classified at commencement as either operating or finance leases. </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">Right-of-use (“ROU”) assets represent the right to use an underlying asset for the lease term, and lease liabilities represent the Company’s obligation to make lease payments arising from the lease agreement. ROU assets are measured based on the discounted present value of the remaining lease payments, initial direct costs incurred, and prepaid lease payments, excluding lease incentives received prior to lease commencement. Lease liabilities are measured based on the discounted present value of the remaining lease payments at commencement date. As most of the leases do not provide an implicit rate, the Company uses the incremental borrowing rate based on the estimated interest rate for collateralized borrowing with similar terms and payments and in economic environments where the leased asset was located. </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">Many of the Company’s leases include renewal options, and termination options that are factored into the determination of lease payments when it is reasonably certain that the Company would exercise that option. When assessing the reasonableness of exercising lease renewal options, the Company takes into account all relevant facts and circumstances that contribute to the economic benefits associated with exercising the lease renewal options, which includes the expected changes in facts and circumstances between the commencement of the lease term and the exercise date of the options. Payments under the Company’s lease agreements are primarily fixed; however, certain lease agreements contain variable payments, which generally relate to costs associated with common area maintenance, utilities reimbursed to the landlord, and physical security expenses within certain lease agreements. These are not included in operating or finance lease cost and are expensed as incurred. The interest component of a finance lease is included in interest expense and recognized using the effective interest method over the lease term. </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">The Company made an accounting policy election for lease agreements with a term of 12 months or less and does not recognize ROU assets and lease liabilities in respect of those agreements. Any payments related to short-term leases are expensed as incurred. The Company has currently elected the practical expedient to not separate lease and nonlease components across all asset classes. Operating lease expense is recognized on a straight-line basis within total operating expenses in the consolidated statements of operations over the lease term. Amortization </div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6.75pt; margin-left: 0pt; text-align: justify;">expense of finance lease ROU assets is recognized on a straight-line basis over the lease term and the interest component of a finance lease is recognized utilizing the effective interest method over the lease term and included in interest expense, net in the consolidated statements of operations. The Company currently does not have any lease arrangements with residual value guarantees. </div>

<div class="BRDSX_h3" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; font-weight: bold; margin-top: 14.5pt; margin-left: 20pt; text-align: left;">Revenue Recognition </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">The Company accounts for revenue in accordance with ASC 606,<span style="font-style: italic;"> Revenue From Contracts with Customers</span>. Revenue is recognized when services are delivered. The amount of revenue recognized reflects the consideration that the Company expects to receive in exchange for services. The Company determines revenue recognition by applying the following five steps: </div> <table border="0" cellpadding="0" cellspacing="0" style="margin-top: 6pt; margin-left: 20pt; border-spacing: 0;"> <tr> <td style="width: 20pt; text-align: left; vertical-align: top;"> <div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">1.<br/> </div> </td> <td style="vertical-align: top;"> <div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left;">Identification of the contract, or contracts, with the customer </div> </td> </tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="margin-top: 6pt; margin-left: 20pt; border-spacing: 0;"> <tr> <td style="width: 20pt; text-align: left; vertical-align: top;"> <div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">2.<br/> </div> </td> <td style="vertical-align: top;"> <div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left;">Identification of the performance obligations in the contract </div> </td> </tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="margin-top: 6pt; margin-left: 20pt; border-spacing: 0;"> <tr> <td style="width: 20pt; text-align: left; vertical-align: top;"> <div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">3.<br/> </div> </td> <td style="vertical-align: top;"> <div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left;">Determination of the transaction price </div> </td> </tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="margin-top: 6pt; margin-left: 20pt; border-spacing: 0;"> <tr> <td style="width: 20pt; text-align: left; vertical-align: top;"> <div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">4.<br/> </div> </td> <td style="vertical-align: top;"> <div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left;">Allocation of the transaction price to the performance obligations in the contract </div> </td> </tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="margin-top: 6pt; margin-left: 20pt; border-spacing: 0;"> <tr> <td style="width: 20pt; text-align: left; vertical-align: top;"> <div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">5.<br/> </div> </td> <td style="vertical-align: top;"> <div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left;">Recognition of the revenue when, or as, a performance obligation is satisfied </div> </td> </tr> </table> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">The Company generates revenue by providing cloud computing services for customers in several verticals, such as artificial intelligence, machine learning, visual effects rendering, platforms, pixel streaming, and batch processing. These services are offered both on a committed contract and on-demand basis. Customers do not take possession of software or hardware used to provide the services. </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">Committed Contracts<span style="font-style: normal;">—These service arrangements provide customers with access to cloud computing capacity across the Company’s various data centers over a specified duration. Revenue is recognized ratably over the contract period. The initial contract period generally ranges from <span style="-sec-ix-hidden:Fact_792a7887643a4c55a915bca8afe6b076">two</span> to <span style="-sec-ix-hidden:Fact_bcfb5716d21947cfbe9ca50387b772bc">five</span> years. The terms of these contracts are typically structured as “take-or-pay” agreements, requiring payment regardless of the level of utilization. Additionally, customers under committed contracts typically make a prepayment that is recorded as deferred revenue and consumed based on the terms of the contract. </span></div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; margin-top: 6.75pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">On-Demand<span style="font-style: normal;">—These service arrangements provide customers with access to the Company’s cloud computing capacity on a consumption basis, with billing occurring monthly in arrears based on actual hourly usage of compute, storage, and other services. Revenue is recognized as the services are consumed. </span></div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">Customers may also prepay for on-demand services. The prepayments are initially recorded as deferred revenue and recognized as the cloud computing services are transferred to the customer. Prepayments are typically consumed within a few months. </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">The Company’s contracts with customers may contain multiple promised services. To the extent a customer contract includes multiple promised services, the Company determines whether promised services should be accounted for as a separate performance obligation. The Company allocates revenue to each performance obligation based on its relative stand-alone selling price (“SSP”). The SSP reflects the price the Company would charge for a specific service if it were sold separately in similar circumstances and to similar customers. When determining the SSP, the Company maximizes the use of observable inputs. </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">The Company applied the practical expedient in ASC 606 and did not evaluate payment terms of one year or less for the existence of a significant financing component. Revenue is recognized net of any taxes collected from customers (e.g., sales tax and other indirect taxes), which are subsequently remitted to governmental entities. The Company generally does not offer a right of refund in its contracts other than for cases of the Company’s uncured material breach of the agreement, bankruptcy or insolvency. </div>

<div class="BRDSX_h3" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; font-weight: bold; margin-top: 13pt; margin-left: 20pt; text-align: left;">Contract Balances </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">Contract assets represent the Company’s rights to consideration in exchange for cloud computing services that the Company has transferred to a customer but where the right to consideration is conditional on something other than the passage of time. In some arrangements, a right to consideration for the Company’s performance under the customer contract may occur before invoicing the customer, resulting in an unbilled accounts receivable. These unbilled accounts receivable represent amounts earned but not yet invoiced and are recognized in accordance with the performance obligations satisfied. Such amounts have been immaterial for the periods presented. </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">Contract liabilities consist of deferred revenue. Revenue is deferred when the Company invoices in advance of performance under a contract. The current portion of the deferred revenue balance will be recognized as revenue during the 12-month period after the consolidated balance sheet date. The non-current portion of the deferred revenue balance will be recognized as revenue following the 12-month period after the consolidated balance sheet date. </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">Remaining performance obligations (“RPO”) represent the aggregate amount of the transaction price, net of estimated variable consideration, allocated to performance obligations not delivered, or partially undelivered, as of the end of the reporting period. Variable consideration consists of potential reductions to the transaction price in the future related to estimates of future potential credits to customers under availability of service agreements and amounts that may not be recognized to revenue due to delivery delays. The Company’s estimate of such variable consideration is based on both historical experience and the specific facts and circumstances of the committed contracts included in the Company’s RPO. RPO includes both billed and unbilled consideration from the Company’s committed contracts. </div> <div class="BRDSX_h3" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; font-weight: bold; margin-top: 13pt; margin-left: 20pt; text-align: left;">Costs to Obtain a Contract </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">The Company capitalizes sales commissions and associated payroll taxes paid to sales personnel that are incremental to the acquisition of customer contracts. The Company determines whether costs should be deferred based on its sales compensation plans and if the commissions are incremental and would not have occurred absent the customer contract. Total capitalized costs to obtain a contract are immaterial during the periods presented and are included in other non-current assets on the consolidated balance sheets. </div>

<div class="BRDSX_h3" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; font-weight: bold; margin-top: 12.5pt; margin-left: 20pt; text-align: left;">Cost of Revenue </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">Cost of revenue primarily consists of direct costs for data centers, including costs associated with the Company’s facilities, such as rent, utilities including power, personnel costs for employees involved in data center operations and customer success, including salaries, bonuses, benefits, stock-based compensation expense and other related expenses, and depreciation and amortization, including depreciation of power installation and distribution systems. </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">The Company operates data centers across the country and has co-location service agreements with several well-established data center vendors. These agreements generally commit the Company to pay monthly fees plus </div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6.75pt; margin-left: 0pt; text-align: justify;">additional fees for bandwidth usage above the committed level. Certain co-location agreements do not meet the definition of a lease and are expensed under cost of revenue. However, those that do meet the definition of a lease are recognized as operating lease ROU assets and operating lease liabilities and are amortized over the lease term. </div>

5000000

21000000

56000000

<div class="BRDSX_h3" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; font-weight: bold; margin-top: 12pt; margin-left: 20pt; text-align: left;">Stock-Based Compensation </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">Stock-based compensation expense related to stock-based awards is recognized based on the fair value of the awards granted. The fair value of each stock option award is estimated on the grant date utilizing the Black-Scholes option-pricing model. The related stock-based compensation expense is recognized on a straight-line basis over the requisite service period of the awards, including the awards with graded vesting and no additional conditions for vesting other than service conditions. Forfeitures are accounted for as they occur. </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">The Black-Scholes option-pricing model requires the input of highly subjective assumptions, including the fair value of the underlying common stock, the expected term of the stock option, the expected volatility of the price of the Company’s common stock, risk-free interest rates, and the expected dividend yield of common stock. The assumptions used to determine the fair value of the option awards represent management’s best estimates. These estimates involve inherent uncertainties and the application of management’s judgment. </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">The Company has also granted to employees restricted stock units (“RSU”), that vest upon the satisfaction of service-based and performance-based vesting conditions. The fair value of each RSU award is based on the fair value of the underlying common stock as of the grant date. The service-based vesting condition has varying terms, but is generally satisfied over four years. The performance-based vesting condition is satisfied upon the occurrence of a qualifying liquidation event which is defined as the earlier to occur of (i) an acquisition of the Company or (ii) the effective date of a registration statement of the Company filed for the IPO of the Company’s common stock. As of December 31, 2024, all RSU awards outstanding were subject to a performance-based vesting condition, and such performance-based vesting condition was not probable of being satisfied as a liquidation event such as a change in control or an IPO is not considered probable until it occurs. As a result, no stock-based compensation expense related to these RSU awards has been recorded to date. </div>

P4Y

<div class="BRDSX_h3" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; font-weight: bold; margin-top: 20.5pt; margin-left: 20pt; text-align: left;">Recent Accounting Pronouncements Adopted </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">As an emerging growth company (“EGC”), the Jumpstart Our Business Startups Act (the “JOBS Act”) allows the Company to delay adoption of new or revised accounting pronouncements applicable to public companies until such pronouncements are made applicable to private companies. The JOBS Act does not preclude an EGC from early adopting new or revised accounting standards codification. The Company has elected to use extended transition periods permissible under the JOBS Act, while also early adopting certain accounting pronouncements. The adoption dates discussed below reflect these elections. </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">In June 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2016-13, <span style="font-style: italic;">Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments</span>, which requires organizations to measure all expected credit losses for financial instruments held at the reporting date. Also, in April 2019, the FASB issued ASU No. 2019-04, <span style="font-style: italic;">Codification Improvements to Topic 326, Financial Instruments—Credit Losses, Topic 815, Derivatives and Hedging, and Topic 825, Financial Instruments</span>, to clarify the inclusion of recoveries of trade receivables previously written off when estimating an allowance for credit losses. In November 2019, the FASB issued ASU No. 2019-10, <span style="font-style: italic;">Financial Instruments—Credit Losses (Topic 326), Derivatives and Hedging (Topic 815), and Leases (Topic 842): Effective Dates</span>, which amended the effective date for certain companies. This guidance is effective for annual periods beginning after December 15, 2022, and for interim periods within the fiscal years, with early adoption permitted. Upon adoption, the guidance should be applied prospectively. The Company adopted this guidance effective on January 1, 2023, without a material impact on its consolidated financial statements. </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">In August 2020, the FASB issued ASU No. 2020-06, <span style="font-style: italic;">Debt—Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging—Contracts in Entity’s Own Equity (Subtopic 815-40): Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity</span>, which simplifies the accounting for certain financial instruments with characteristics of liabilities and equity. ASU No. 2020-06 reduces the number of accounting models for convertible debt instruments and convertible preferred stock and enhances information transparency by making targeted improvements to the disclosures for convertible instruments and earnings per share guidance. This guidance is effective for the annual periods beginning after December 15, 2023, and for interim periods within the fiscal years, with early adoption permitted. Upon adoption, the guidance should be applied retrospectively. The Company adopted this guidance effective on January 1, 2023, without a material impact on its consolidated financial statements. </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">In November 2023, the FASB issued ASU No. 2023-07, <span style="font-style: italic;">Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures</span>, which requires additional segment-related disclosures on an annual and interim basis, to enable investors in developing more informed and actionable analyses. This guidance is effective for the annual periods beginning after December 15, 2023, and for interim periods beginning after December 15, 2024 with early adoption permitted. Upon adoption, the guidance should be applied retrospectively to all prior periods presented in the consolidated financial statements. The Company adopted this guidance effective on January 1, 2024, without a material impact on its consolidated financial statements. </div>

<div class="BRDSX_h2" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 14pt; margin-left: 0pt; text-align: left;">2. Revenue </div> <div class="BRDSX_h3" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; font-weight: bold; margin-top: 7pt; margin-left: 20pt; text-align: left;">Disaggregation of Revenue </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">The Company primarily generates its revenue through providing cloud computing services, which include both committed contracts and on-demand services. Revenue recognized related to customer commitments, including revenue from delivering capacity prior to commitment start dates, represented 20%, 88%, and 96% of total revenue for the years ended December 31, 2022, 2023, and 2024, respectively. </div> <div class="BRDSX_h3" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; font-weight: bold; margin-top: 14pt; margin-left: 20pt; text-align: left;">Deferred Revenue </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">Deferred revenue, including current and non-current balances as of December 31, 2023 and 2024, was $2.0 billion and $4.1 billion, respectively. For the years ended December 31, 2022, 2023, and 2024, revenue recognized from deferred revenue at the beginning of the period was $0 million, $4 million, and $225 million, respectively. The increase in deferred revenue balances as of December 31, 2024 as compared to December 31, 2023 is attributed to the growth in revenue from committed contracts, which typically provide for certain prepayments at contract inception. </div> <div class="BRDSX_h3" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; font-weight: bold; margin-top: 14pt; margin-left: 20pt; text-align: left;">Remaining Performance Obligations </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">As of December 31, 2023, the Company had $9.9 billion of unsatisfied RPO, of which 41% is expected to be recognized over the initial 24 months ending December 31, 2025, 40% between months 25 and 48, and the remaining balance recognized between months 49 and 72. </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">As of December 31, 2024, the Company had $15.1 billion of unsatisfied RPO, of which 54% is expected to be recognized over the initial 24 months ending December 31, 2026, 42% between months 25 and 48, and the remaining balance recognized between months 49 and 72. </div>

0.20 0.88 0.96

2000000000

4100000000

4000000

225000000

9900000000

0.41

P24M

0.40

P25M

P48M

15100000000

0.54

P24M

0.42

P25M

P48M

<div class="BRDSX_h2" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 13.5pt; margin-left: 0pt; text-align: left;">3. Fair Value Measurements </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">The Company measures certain financial assets and liabilities at fair value on a recurring basis in accordance with ASC 820, <span style="font-style: italic;">Fair Value Measurement</span>, which establishes a framework for measuring fair value and a fair value hierarchy based on the observability of inputs. This hierarchy prioritizes the use of observable inputs and minimizes the use of unobservable inputs when determining fair value as follows: </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-indent: 20pt; text-align: left;">Level 1—Observable inputs such as quoted prices in active markets for identical assets or liabilities. </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">Level 2—Inputs other than Level 1 that are observable, either directly or indirectly, such as quoted prices for similar assets or liabilities, quoted prices in markets that are not active, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">Level 3—Unobservable inputs that are supported by little or no market activity, which require management judgment or estimation. </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6.75pt; margin-left: 0pt; text-indent: 20pt; text-align: left;">The following tables presents the hierarchy fair value as of the end of each reporting period (in thousands): </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: left;"> <br/></div> <table cellpadding="0" cellspacing="0" class="BRDSX_fintab" style="width: 468pt; margin-left: auto; margin-right: auto; border-spacing: 0;"> <tr class="BRDSX_boxspacer"> <td style="height: 6pt; width: 300pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 6.23pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 6.23pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 36.3pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 6.23pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 6.23pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 47.16pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 6.23pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 6.23pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 47.16pt;"> <div style="font-size: 1pt;"> </div> </td> </tr> <tr class="BRDSX_header"> <td style="width: 300pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"> </div> </td> <td style="width: 6.23pt; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.23pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 36.3pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Fair Value </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Hierarchy</div> </td> <td style="width: 6.23pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.23pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">December 31, </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2023</div> </td> <td style="width: 6.23pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.23pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">December 31, </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2024 </div> </td> </tr> <tr> <td style="width: 300pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;">Financial assets: </div> </td> <td style="width: 6.23pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.23pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 36.3pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 6.23pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.23pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 6.23pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.23pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> </tr> <tr> <td style="width: 300pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;">Cash and cash equivalents </div> </td> <td style="width: 6.23pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.23pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 36.3pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 6.23pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.23pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 6.23pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.23pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> </tr> <tr> <td style="width: 300pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;">Money market funds</div> </td> <td style="width: 6.23pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.23pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 36.3pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; text-align: center;">Level 1</div> </td> <td style="width: 6.23pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.23pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 4.83pt; text-align: left;">$<span style="padding-left: 5pt;">87,258</span></div> </td> <td style="width: 6.23pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.23pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 4.83pt; text-align: left;">$<span style="padding-left: 10.37pt;">2,411 </span></div> </td> </tr> <tr> <td style="width: 300pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;">Restricted cash and cash equivalents, current </div> </td> <td style="width: 6.23pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.23pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 36.3pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 6.23pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.23pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 6.23pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.23pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> </tr> <tr> <td style="width: 300pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;">Money market funds</div> </td> <td style="width: 6.23pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.23pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 36.3pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; text-align: center;">Level 1</div> </td> <td style="width: 6.23pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.23pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 4.83pt; text-align: left;"><span style="padding-left: 10pt;">42,940</span></div> </td> <td style="width: 6.23pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.23pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 4.83pt; text-align: left;"><span style="padding-left: 10pt;">24,185</span></div> </td> </tr> <tr> <td style="width: 300pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;">Prepaid expenses and other current assets </div> </td> <td style="width: 6.23pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.23pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 36.3pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 6.23pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.23pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 6.23pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.23pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> </tr> <tr> <td style="width: 300pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;">Available-for-sale marketable securities</div> </td> <td style="width: 6.23pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.23pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 36.3pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; text-align: center;">Level 2</div> </td> <td style="width: 6.23pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.23pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 4.83pt; text-align: left;"><span style="padding-left: 15pt;">2,368</span></div> </td> <td style="width: 6.23pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.23pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 4.83pt; text-align: left;"><span style="padding-left: 27.5pt;">—</span></div> </td> </tr> <tr> <td style="width: 300pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;">Restricted cash and cash equivalents, non-current </div> </td> <td style="width: 6.23pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.23pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 36.3pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 6.23pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.23pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 6.23pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.23pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> </tr> <tr> <td style="width: 300pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;">Money market funds</div> </td> <td style="width: 6.23pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.23pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 36.3pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; text-align: center;">Level 1</div> </td> <td style="width: 6.23pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.23pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 4.83pt; text-align: left;"><span style="padding-left: 5pt;">206,846</span></div> </td> <td style="width: 6.23pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.23pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 4.83pt; text-align: left;"><span style="padding-left: 10pt;">56,250</span></div> </td> </tr> <tr> <td style="width: 300pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;">Restricted marketable securities, non-current </div> </td> <td style="width: 6.23pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.23pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 36.3pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 6.23pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.23pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 6.23pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.23pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> </tr> <tr> <td style="width: 300pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;">Certificates of deposit</div> </td> <td style="width: 6.23pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.23pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 36.3pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; text-align: center;">Level 2</div> </td> <td style="width: 6.23pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.23pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 4.83pt; text-align: left;"><span style="padding-left: 5pt;">171,734</span></div> </td> <td style="width: 6.23pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.23pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 4.83pt; text-align: left;"><span style="padding-left: 10pt;">29,308</span></div> </td> </tr> <tr> <td style="width: 300pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;">Other non-current assets </div> </td> <td style="width: 6.23pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.23pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 36.3pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 6.23pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.23pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 6.23pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.23pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> </tr> <tr> <td style="width: 300pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;">Power purchase agreements</div> </td> <td style="width: 6.23pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.23pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 36.3pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; text-align: center;">Level 3</div> </td> <td style="width: 6.23pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.23pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 4.83pt; text-align: left;"><span style="padding-left: 15pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">1,459</span></div> </td> <td style="width: 6.23pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.23pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 4.83pt; text-align: left;"><span style="padding-left: 15pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">2,562</span></div> </td> </tr> <tr> <td style="width: 300pt; padding-top: 2.26pt; padding-bottom: 3.63pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 20pt; text-align: left;">Total financial assets</div> </td> <td style="width: 6.23pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.23pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 36.3pt; padding-top: 2.26pt; padding-bottom: 3.63pt; text-align: center; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 6.23pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.23pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 2.26pt; padding-bottom: 3.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 4.83pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$512,605</span></div> </td> <td style="width: 6.23pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.23pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 2.26pt; padding-bottom: 3.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 4.83pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$</span><span style="padding-left: 0.37pt; border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">114,716 </span></div> </td> </tr> <tr> <td style="width: 300pt; padding-top: 3.26pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;">Financial liabilities: </div> </td> <td style="width: 6.23pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.23pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 36.3pt; padding-top: 3.26pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 6.23pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.23pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 3.26pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 6.23pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.23pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 3.26pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> </tr> <tr> <td style="width: 300pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;">Derivative and warrant liabilities </div> </td> <td style="width: 6.23pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.23pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 36.3pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 6.23pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.23pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 6.23pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.23pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> </tr> <tr> <td style="width: 300pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;">Bifurcated embedded derivative liabilities</div> </td> <td style="width: 6.23pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.23pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 36.3pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; text-align: center;">Level 3</div> </td> <td style="width: 6.23pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.23pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 4.83pt; text-align: left;">$386,469</div> </td> <td style="width: 6.23pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.23pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 4.83pt; text-align: left;">$<span style="padding-left: 22.5pt;">— </span></div> </td> </tr> <tr> <td style="width: 300pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;">Warrant liabilities</div> </td> <td style="width: 6.23pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.23pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 36.3pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; text-align: center;">Level 3</div> </td> <td style="width: 6.23pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.23pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 4.83pt; text-align: left;"><span style="padding-left: 10pt;">70,930</span></div> </td> <td style="width: 6.23pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.23pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 4.83pt; text-align: left;"><span style="padding-left: 5pt;">199,645</span></div> </td> </tr> <tr> <td style="width: 300pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;">Series B tranche liability</div> </td> <td style="width: 6.23pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.23pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 36.3pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; text-align: center;">Level 3</div> </td> <td style="width: 6.23pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.23pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 4.83pt; text-align: left;"><span style="padding-left: 10pt;">69,648</span></div> </td> <td style="width: 6.23pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.23pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 4.83pt; text-align: left;"><span style="padding-left: 27.5pt;">—</span></div> </td> </tr> <tr> <td style="width: 300pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;">Power purchase agreements</div> </td> <td style="width: 6.23pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.23pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 36.3pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; text-align: center;">Level 3</div> </td> <td style="width: 6.23pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.23pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 4.83pt; text-align: left;"><span style="padding-left: 27.5pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">—</span></div> </td> <td style="width: 6.23pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.23pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 4.83pt; text-align: left;"><span style="padding-left: 22.5pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">444</span></div> </td> </tr> <tr> <td style="width: 300pt; padding-top: 2.26pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 20pt; text-align: left;">Total financial liabilities</div> </td> <td style="width: 6.23pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.23pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 36.3pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 6.23pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.23pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 4.83pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$527,047</span></div> </td> <td style="width: 6.23pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.23pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 4.83pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$200,089</span></div> </td> </tr> <tr class="BRDSX_boxspacer"> <td style="height: 2.75pt; width: 300pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 6.23pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 6.23pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 36.3pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 6.23pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 6.23pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 47.16pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 6.23pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 6.23pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 47.16pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> </tr> </table> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">The following tables present information about the Company’s financial assets that are measured at fair value on a recurring basis as of the end of each reporting period (in thousands): </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: left;"> <br/></div> <table cellpadding="0" cellspacing="0" class="BRDSX_fintab" style="width: 468pt; margin-left: auto; margin-right: auto; border-spacing: 0;"> <tr class="BRDSX_boxspacer"> <td style="height: 6pt; width: 288pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 3.83pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 3.83pt;"> <div style="font-size: 1pt;"> </div> </td> <td colspan="10" style="height: 6pt; width: 172.34pt;"> <div style="font-size: 1pt;"> </div> </td> </tr> <tr class="BRDSX_header"> <td style="width: 288pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"> </div> </td> <td style="width: 3.83pt; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.83pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td colspan="10" style="width: 172.34pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">December 31, 2023 </div> </td> </tr> <tr class="BRDSX_header"> <td style="width: 288pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"> </div> </td> <td style="width: 3.83pt; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.83pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Adjusted </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Cost</div> </td> <td style="width: 3.83pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.83pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.18pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Gross </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Unrealized </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Gains</div> </td> <td style="width: 3.83pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.83pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.18pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Gross </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Unrealized </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Losses</div> </td> <td style="width: 3.83pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.83pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Fair Value </div> </td> </tr> <tr> <td style="width: 288pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;">Financial assets: </div> </td> <td style="width: 3.83pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.83pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 3.83pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.83pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.18pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 3.83pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.83pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.18pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 3.83pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.83pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> </tr> <tr> <td style="width: 288pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;">Cash and cash equivalents </div> </td> <td style="width: 3.83pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.83pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 3.83pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.83pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.18pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 3.83pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.83pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.18pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 3.83pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.83pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> </tr> <tr> <td style="width: 288pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;">Money market funds</div> </td> <td style="width: 3.83pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.83pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">$<span style="padding-left: 5pt;">87,258</span></div> </td> <td style="width: 3.83pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.83pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.18pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.09pt; text-align: left;">$—</div> </td> <td style="width: 3.83pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.83pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.18pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.09pt; text-align: left;">$—</div> </td> <td style="width: 3.83pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.83pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">$<span style="padding-left: 5pt;">87,258 </span></div> </td> </tr> <tr> <td style="width: 288pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;">Restricted cash and cash equivalents, current </div> </td> <td style="width: 3.83pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.83pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 3.83pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.83pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.18pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 3.83pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.83pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.18pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 3.83pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.83pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> </tr> <tr> <td style="width: 288pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;">Money market funds</div> </td> <td style="width: 3.83pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.83pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 10pt;">42,940</span></div> </td> <td style="width: 3.83pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.83pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.18pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.09pt; text-align: left;"><span style="padding-left: 5pt;">—</span></div> </td> <td style="width: 3.83pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.83pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.18pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.09pt; text-align: left;"><span style="padding-left: 5pt;">—</span></div> </td> <td style="width: 3.83pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.83pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 10pt;">42,940</span></div> </td> </tr> <tr> <td style="width: 288pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;">Prepaid expenses and other current assets </div> </td> <td style="width: 3.83pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.83pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 3.83pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.83pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.18pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 3.83pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.83pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.18pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 3.83pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.83pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> </tr> <tr> <td style="width: 288pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;">Available-for-sale marketable securities</div> </td> <td style="width: 3.83pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.83pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 15pt;">2,354</span></div> </td> <td style="width: 3.83pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.83pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.18pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.09pt; text-align: left;"><span style="padding-left: 5pt;">14</span></div> </td> <td style="width: 3.83pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.83pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.18pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.09pt; text-align: left;"><span style="padding-left: 5pt;">—</span></div> </td> <td style="width: 3.83pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.83pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 15pt;">2,368</span></div> </td> </tr> <tr> <td style="width: 288pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;">Restricted cash and cash equivalents, non-current </div> </td> <td style="width: 3.83pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.83pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 3.83pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.83pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.18pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 3.83pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.83pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.18pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 3.83pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.83pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> </tr> <tr> <td style="width: 288pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;">Money market funds</div> </td> <td style="width: 3.83pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.83pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 5pt;">206,846</span></div> </td> <td style="width: 3.83pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.83pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.18pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.09pt; text-align: left;"><span style="padding-left: 5pt;">—</span></div> </td> <td style="width: 3.83pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.83pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.18pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.09pt; text-align: left;"><span style="padding-left: 5pt;">—</span></div> </td> <td style="width: 3.83pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.83pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 5pt;">206,846</span></div> </td> </tr> <tr> <td style="width: 288pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;">Restricted marketable securities, non-current </div> </td> <td style="width: 3.83pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.83pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 3.83pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.83pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.18pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 3.83pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.83pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.18pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 3.83pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.83pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> </tr> <tr> <td style="width: 288pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;">Certificates of deposit</div> </td> <td style="width: 3.83pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.83pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 5pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">171,734</span></div> </td> <td style="width: 3.83pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.83pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.18pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.09pt; text-align: left;"><span style="padding-left: 5pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">—</span></div> </td> <td style="width: 3.83pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.83pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.18pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.09pt; text-align: left;"><span style="padding-left: 5pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">—</span></div> </td> <td style="width: 3.83pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.83pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 5pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">171,734</span></div> </td> </tr> <tr> <td style="width: 288pt; padding-top: 2.26pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 20pt; text-align: left;">Total</div> </td> <td style="width: 3.83pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.83pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$</span><span style="padding-left: 0.37pt; border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">511,132</span></div> </td> <td style="width: 3.83pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.83pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.18pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.09pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$14</span></div> </td> <td style="width: 3.83pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.83pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.18pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.09pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$—</span></div> </td> <td style="width: 3.83pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.83pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$</span><span style="padding-left: 0.37pt; border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">511,146</span></div> </td> </tr> <tr class="BRDSX_boxspacer"> <td style="height: 2.75pt; width: 288pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 3.83pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 3.83pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 37.5pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 3.83pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 3.83pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 37.18pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 3.83pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 3.83pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 37.18pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 3.83pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 3.83pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 37.5pt;"> <div style="font-size: 1pt;"> </div> </td> </tr> </table> <table cellpadding="0" cellspacing="0" class="BRDSX_fintab" style="width: 468pt; margin-left: auto; margin-right: auto; border-spacing: 0;"> <tr class="BRDSX_boxspacer"> <td style="height: 6pt; width: 288pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 3.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 3.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td colspan="10" style="height: 6pt; width: 172.14pt;"> <div style="font-size: 1pt;"> </div> </td> </tr> <tr class="BRDSX_header"> <td style="width: 288pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"> </div> </td> <td style="width: 3.92pt; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.92pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td colspan="10" style="width: 172.14pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">December 31, 2024 </div> </td> </tr> <tr class="BRDSX_header"> <td style="width: 288pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"> </div> </td> <td style="width: 3.92pt; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.92pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.13pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Adjusted </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Cost</div> </td> <td style="width: 3.92pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.92pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.18pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Gross </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Unrealized </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Gains</div> </td> <td style="width: 3.92pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.92pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.18pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Gross </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Unrealized </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Losses</div> </td> <td style="width: 3.92pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.92pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.13pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Fair Value </div> </td> </tr> <tr> <td style="width: 288pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;">Financial assets: </div> </td> <td style="width: 3.92pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.92pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.13pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 3.92pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.92pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.18pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 3.92pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.92pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.18pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 3.92pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.92pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.13pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> </tr> <tr> <td style="width: 288pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;">Cash and cash equivalents </div> </td> <td style="width: 3.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.13pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 3.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.18pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 3.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.18pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 3.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.13pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> </tr> <tr> <td style="width: 288pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;">Money market funds</div> </td> <td style="width: 3.92pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.92pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.13pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0.01pt; text-align: left;">$<span style="padding-left: 10pt;">2,411</span></div> </td> <td style="width: 3.92pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.92pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.18pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.09pt; text-align: left;">$—</div> </td> <td style="width: 3.92pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.92pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.18pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.09pt; text-align: left;">$—</div> </td> <td style="width: 3.92pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.92pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.13pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -0.01pt; text-align: left;">$<span style="padding-left: 10pt;">2,411 </span></div> </td> </tr> <tr> <td style="width: 288pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;">Restricted cash and cash equivalents, current </div> </td> <td style="width: 3.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.13pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 3.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.18pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 3.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.18pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 3.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.13pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> </tr> <tr> <td style="width: 288pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;">Money market funds</div> </td> <td style="width: 3.92pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.92pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.13pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0.01pt; text-align: left;"><span style="padding-left: 9.63pt;">24,185</span></div> </td> <td style="width: 3.92pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.92pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.18pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.09pt; text-align: left;"><span style="padding-left: 5pt;">—</span></div> </td> <td style="width: 3.92pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.92pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.18pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.09pt; text-align: left;"><span style="padding-left: 5pt;">—</span></div> </td> <td style="width: 3.92pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.92pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.13pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -0.01pt; text-align: left;"><span style="padding-left: 9.63pt;">24,185</span></div> </td> </tr> <tr> <td style="width: 288pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;">Restricted cash and cash equivalents, non-current </div> </td> <td style="width: 3.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.13pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 3.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.18pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 3.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.18pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 3.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.13pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> </tr> <tr> <td style="width: 288pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;">Money market funds</div> </td> <td style="width: 3.92pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.92pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.13pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0.01pt; text-align: left;"><span style="padding-left: 9.63pt;">56,250</span></div> </td> <td style="width: 3.92pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.92pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.18pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.09pt; text-align: left;"><span style="padding-left: 5pt;">—</span></div> </td> <td style="width: 3.92pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.92pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.18pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.09pt; text-align: left;"><span style="padding-left: 5pt;">—</span></div> </td> <td style="width: 3.92pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.92pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.13pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -0.01pt; text-align: left;"><span style="padding-left: 9.63pt;">56,250</span></div> </td> </tr> <tr> <td style="width: 288pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;">Restricted marketable securities, non-current </div> </td> <td style="width: 3.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.13pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 3.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.18pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 3.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.18pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 3.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.13pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> </tr> <tr> <td style="width: 288pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;">Certificates of deposit</div> </td> <td style="width: 3.92pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.92pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.13pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0.01pt; text-align: left;"><span style="padding-left: 9.63pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">29,308</span></div> </td> <td style="width: 3.92pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.92pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.18pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.09pt; text-align: left;"><span style="padding-left: 5pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">—</span></div> </td> <td style="width: 3.92pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.92pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.18pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.09pt; text-align: left;"><span style="padding-left: 5pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">—</span></div> </td> <td style="width: 3.92pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.92pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.13pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -0.01pt; text-align: left;"><span style="padding-left: 9.63pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">29,308</span></div> </td> </tr> <tr> <td style="width: 288pt; padding-top: 2.26pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 20pt; text-align: left;">Total</div> </td> <td style="width: 3.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.13pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0.01pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$112,154</span></div> </td> <td style="width: 3.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.18pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.09pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$—</span></div> </td> <td style="width: 3.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.18pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.09pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$—</span></div> </td> <td style="width: 3.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.13pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -0.01pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$112,154</span></div> </td> </tr> <tr class="BRDSX_boxspacer"> <td style="height: 2.75pt; width: 288pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 3.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 3.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 37.13pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 3.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 3.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 37.18pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 3.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 3.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 37.18pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 3.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 3.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 37.13pt;"> <div style="font-size: 1pt;"> </div> </td> </tr> </table> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 13.75pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">The following is a summary of the valuation techniques and key inputs used in the valuation of instruments of Level 3 fair value measurements as of the end of each reporting period. </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">The Company’s valuation of the warrant liabilities utilized the Black-Scholes option-pricing model that relied on the following significant inputs: </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: left;"> <br/></div> <table cellpadding="0" cellspacing="0" class="BRDSX_fintab" style="width: 468pt; margin-left: auto; margin-right: auto; border-spacing: 0;"> <tr class="BRDSX_boxspacer"> <td style="height: 6pt; width: 360pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 3.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 3.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 47.16pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 3.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 3.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 47.16pt;"> <div style="font-size: 1pt;"> </div> </td> </tr> <tr class="BRDSX_header"> <td style="width: 360pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"> </div> </td> <td style="width: 3.42pt; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.42pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">December 31, </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2023</div> </td> <td style="width: 3.42pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.42pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">December 31, </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2024 </div> </td> </tr> <tr> <td style="width: 360pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Stock price</div> </td> <td style="width: 3.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 16.08pt; text-align: left;">$18</div> </td> <td style="width: 3.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 16.08pt; text-align: left;">$48 </div> </td> </tr> <tr> <td style="width: 360pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Volatility</div> </td> <td style="width: 3.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 16.08pt; text-align: left;"><span style="padding-left: 5pt;">55%</span></div> </td> <td style="width: 3.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 16.08pt; text-align: left;"><span style="padding-left: 5pt;">60%</span></div> </td> </tr> <tr> <td style="width: 360pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Risk-free rate</div> </td> <td style="width: 3.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 16.08pt; text-align: left;"><span style="padding-left: 10pt;">4%</span></div> </td> <td style="width: 3.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 16.08pt; text-align: left;"><span style="padding-left: 10pt;">4%</span></div> </td> </tr> <tr> <td style="width: 360pt; padding-top: 1.01pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Dividend yield</div> </td> <td style="width: 3.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 16.08pt; text-align: left;"><span style="padding-left: 10pt;">0%</span></div> </td> <td style="width: 3.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-size: 10pt; margin-top: 0pt; margin-left: 16.08pt; text-align: left;"><span style="padding-left: 10pt;">0% </span></div> </td> </tr> <tr class="BRDSX_boxspacer"> <td style="height: 2.75pt; width: 360pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 3.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 3.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 47.16pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 3.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 3.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 47.16pt;"> <div style="font-size: 1pt;"> </div> </td> </tr> </table> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">The Company’s valuation of the embedded derivative liabilities utilized the binomial lattice model that relied on the following significant inputs: </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: left;"> <br/></div> <table cellpadding="0" cellspacing="0" class="BRDSX_fintab" style="width: 468pt; margin-left: auto; margin-right: auto; border-spacing: 0;"> <tr class="BRDSX_boxspacer"> <td style="height: 6pt; width: 396pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 12.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 12.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 47.16pt;"> <div style="font-size: 1pt;"> </div> </td> </tr> <tr class="BRDSX_header"> <td style="width: 396pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"> </div> </td> <td style="width: 12.42pt; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 12.42pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">December 31, </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2023 </div> </td> </tr> <tr> <td style="width: 396pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Stock price</div> </td> <td style="width: 12.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 12.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 16.08pt; text-align: left;">$18 </div> </td> </tr> <tr> <td style="width: 396pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Volatility</div> </td> <td style="width: 12.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 12.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 16.08pt; text-align: left;"><span style="padding-left: 5pt;">40%</span></div> </td> </tr> <tr> <td style="width: 396pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Risk-free rate</div> </td> <td style="width: 12.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 12.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 16.08pt; text-align: left;"><span style="padding-left: 10pt;">4%</span></div> </td> </tr> <tr> <td style="width: 396pt; padding-top: 1.01pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Lattice or Monte Carlo model projection period (years)</div> </td> <td style="width: 12.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 12.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 16.08pt; text-align: left;"><span style="padding-left: 10pt;">2</span></div> </td> </tr> <tr class="BRDSX_boxspacer"> <td style="height: 2.75pt; width: 396pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 12.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 12.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 47.16pt;"> <div style="font-size: 1pt;"> </div> </td> </tr> </table> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">As discussed in <span style="font-style: italic;">Note 10—Debt</span>, the 2021 Convertible Notes were converted into common stock on September 17, 2024. The following table is a summary of the significant unobservable inputs to value the embedded derivative liability immediately before conversion: </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: left;"> <br/></div> <table cellpadding="0" cellspacing="0" class="BRDSX_fintab" style="width: 468pt; margin-left: auto; margin-right: auto; border-spacing: 0;"> <tr class="BRDSX_boxspacer"> <td style="height: 6pt; width: 396pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 11.31pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 11.31pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 49.39pt;"> <div style="font-size: 1pt;"> </div> </td> </tr> <tr class="BRDSX_header"> <td style="width: 396pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"> </div> </td> <td style="width: 11.31pt; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 11.31pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 49.39pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">September 17, </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2024 </div> </td> </tr> <tr> <td style="width: 396pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Stock price</div> </td> <td style="width: 11.31pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 11.31pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 49.39pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 17.2pt; text-align: left;">$44 </div> </td> </tr> <tr> <td style="width: 396pt; padding-top: 1.01pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Discount rate</div> </td> <td style="width: 11.31pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 11.31pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 49.39pt; padding-top: 1.01pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 17.2pt; text-align: left;"><span style="padding-left: 5pt;">12%</span></div> </td> </tr> <tr class="BRDSX_boxspacer"> <td style="height: 2.75pt; width: 396pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 11.31pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 11.31pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 49.39pt;"> <div style="font-size: 1pt;"> </div> </td> </tr> </table> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">The Company’s valuation of the Series B tranche liability utilized the Black-Scholes option-pricing model that relied on the following significant inputs: </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: left;"> <br/></div> <table cellpadding="0" cellspacing="0" class="BRDSX_fintab" style="width: 468pt; margin-left: auto; margin-right: auto; border-spacing: 0;"> <tr class="BRDSX_boxspacer"> <td style="height: 6pt; width: 396pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 12.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 12.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 47.16pt;"> <div style="font-size: 1pt;"> </div> </td> </tr> <tr class="BRDSX_header"> <td style="width: 396pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"> </div> </td> <td style="width: 12.42pt; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 12.42pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">December 31, </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2023 </div> </td> </tr> <tr> <td style="width: 396pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Series B stock price</div> </td> <td style="width: 12.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 12.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 16.08pt; text-align: left;">$21 </div> </td> </tr> <tr> <td style="width: 396pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Volatility</div> </td> <td style="width: 12.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 12.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 16.08pt; text-align: left;"><span style="padding-left: 5pt;">21%</span></div> </td> </tr> <tr> <td style="width: 396pt; padding-top: 1.01pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Risk-free rate</div> </td> <td style="width: 12.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 12.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 16.08pt; text-align: left;"><span style="padding-left: 10pt;">5%</span></div> </td> </tr> <tr class="BRDSX_boxspacer"> <td style="height: 2.75pt; width: 396pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 12.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 12.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 47.16pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> </tr> </table> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6.75pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">The following table presents a summary of the changes in the fair value of the Company’s Level 3 financial instruments (in thousands): </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: left;"> <br/></div> <table cellpadding="0" cellspacing="0" class="BRDSX_fintab" style="width: 468pt; margin-left: auto; margin-right: auto; border-spacing: 0;"> <tr class="BRDSX_boxspacer"> <td style="height: 6pt; width: 180pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 5.33pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 5.33pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 55.68pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 5.33pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 5.33pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 37.5pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 5.33pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 5.33pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 48.33pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 5.33pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 5.33pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 55.68pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 5.33pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 5.33pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 37.5pt;"> <div style="font-size: 1pt;"> </div> </td> </tr> <tr class="BRDSX_header"> <td style="width: 180pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"> </div> </td> <td style="width: 5.33pt; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.33pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 55.68pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Power Purchase </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Agreements – </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Asset</div> </td> <td style="width: 5.33pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.33pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Warrant </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Liabilities</div> </td> <td style="width: 5.33pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.33pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 48.33pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Bifurcated </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Embedded </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Derivative </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Liabilities</div> </td> <td style="width: 5.33pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.33pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 55.68pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Power Purchase </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Agreements – </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Liability</div> </td> <td style="width: 5.33pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.33pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Series B </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Tranche </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Liability </div> </td> </tr> <tr> <td style="width: 180pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;">Balance at January 1, 2023</div> </td> <td style="width: 5.33pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.33pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 55.68pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 14.09pt; text-align: left;">$<span style="padding-left: 12.5pt;">—</span></div> </td> <td style="width: 5.33pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.33pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">$<span style="padding-left: 10pt;">3,887</span></div> </td> <td style="width: 5.33pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.33pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 48.33pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">$<span style="padding-left: 20.83pt;">4,901</span></div> </td> <td style="width: 5.33pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.33pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 55.68pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 16.18pt; text-align: left;">$<span style="padding-left: 8.33pt;">—</span></div> </td> <td style="width: 5.33pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.33pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">$<span style="padding-left: 22.5pt;">— </span></div> </td> </tr> <tr> <td style="width: 180pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;">Additions</div> </td> <td style="width: 5.33pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.33pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 55.68pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 14.09pt; text-align: left;"><span style="padding-left: 5pt;">1,040</span></div> </td> <td style="width: 5.33pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.33pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 15pt;">1,716</span></div> </td> <td style="width: 5.33pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.33pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 48.33pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 20.83pt;">20,829</span></div> </td> <td style="width: 5.33pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.33pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 55.68pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 16.18pt; text-align: left;"><span style="padding-left: 13.33pt;">—</span></div> </td> <td style="width: 5.33pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.33pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 10pt;">10,300</span></div> </td> </tr> <tr> <td style="width: 180pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;">Adjustment to fair value</div> </td> <td style="width: 5.33pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.33pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 55.68pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 14.09pt; text-align: left;"><span style="padding-left: 12.5pt;">419</span></div> </td> <td style="width: 5.33pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.33pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 10pt;">68,334</span></div> </td> <td style="width: 5.33pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.33pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 48.33pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 15.83pt;">360,739</span></div> </td> <td style="width: 5.33pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.33pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 55.68pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 16.18pt; text-align: left;"><span style="padding-left: 13.33pt;">—</span></div> </td> <td style="width: 5.33pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.33pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 5pt;">104,879</span></div> </td> </tr> <tr> <td style="width: 180pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;">Settlements</div> </td> <td style="width: 5.33pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.33pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 55.68pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 14.09pt; text-align: left;"><span style="padding-left: 17.5pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">—</span></div> </td> <td style="width: 5.33pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.33pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 11.67pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">(3,007)</span></div> </td> <td style="width: 5.33pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.33pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 48.33pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 38.33pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">—</span></div> </td> <td style="width: 5.33pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.33pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 55.68pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 16.18pt; text-align: left;"><span style="padding-left: 13.33pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">—</span></div> </td> <td style="width: 5.33pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.33pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 6.67pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">(45,531)</span></div> </td> </tr> <tr> <td style="width: 180pt; padding-top: 2.26pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;">Balance at December 31, 2023</div> </td> <td style="width: 5.33pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.33pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 55.68pt; padding-top: 2.26pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 14.09pt; text-align: left;"><span style="padding-left: 5pt;">1,459</span></div> </td> <td style="width: 5.33pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.33pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 2.26pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 10pt;">70,930</span></div> </td> <td style="width: 5.33pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.33pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 48.33pt; padding-top: 2.26pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 15.83pt;">386,469</span></div> </td> <td style="width: 5.33pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.33pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 55.68pt; padding-top: 2.26pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 16.18pt; text-align: left;"><span style="padding-left: 13.33pt;">—</span></div> </td> <td style="width: 5.33pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.33pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 2.26pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 10pt;">69,648</span></div> </td> </tr> <tr> <td style="width: 180pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;">Additions</div> </td> <td style="width: 5.33pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.33pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 55.68pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 14.09pt; text-align: left;"><span style="padding-left: 17.5pt;">—</span></div> </td> <td style="width: 5.33pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.33pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 27.5pt;">—</span></div> </td> <td style="width: 5.33pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.33pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 48.33pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 38.33pt;">—</span></div> </td> <td style="width: 5.33pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.33pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 55.68pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 16.18pt; text-align: left;"><span style="padding-left: 8.33pt;">770</span></div> </td> <td style="width: 5.33pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.33pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 27.5pt;">—</span></div> </td> </tr> <tr> <td style="width: 180pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;">Adjustment to fair value</div> </td> <td style="width: 5.33pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.33pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 55.68pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 14.09pt; text-align: left;"><span style="padding-left: 5pt;">1,103</span></div> </td> <td style="width: 5.33pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.33pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 5pt;">128,715</span></div> </td> <td style="width: 5.33pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.33pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 48.33pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 15.83pt;">627,263</span></div> </td> <td style="width: 5.33pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.33pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 55.68pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 16.18pt; text-align: left;"><span style="padding-left: 5pt;">(326)</span></div> </td> <td style="width: 5.33pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.33pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 24.17pt;">(49)</span></div> </td> </tr> <tr> <td style="width: 180pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;">Settlements</div> </td> <td style="width: 5.33pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.33pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 55.68pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 14.09pt; text-align: left;"><span style="padding-left: 17.5pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">—</span></div> </td> <td style="width: 5.33pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.33pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 27.5pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">—</span></div> </td> <td style="width: 5.33pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.33pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 48.33pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 5pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">(1,013,732)</span></div> </td> <td style="width: 5.33pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.33pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 55.68pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 16.18pt; text-align: left;"><span style="padding-left: 13.33pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">—</span></div> </td> <td style="width: 5.33pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.33pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 6.67pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">(69,599)</span></div> </td> </tr> <tr> <td style="width: 180pt; padding-top: 2.26pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;">Balance at December 31, 2024</div> </td> <td style="width: 5.33pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.33pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 55.68pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 14.09pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$2,562</span></div> </td> <td style="width: 5.33pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.33pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$199,645</span></div> </td> <td style="width: 5.33pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.33pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 48.33pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$</span><span style="padding-left: 33.33pt; border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">—</span></div> </td> <td style="width: 5.33pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.33pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 55.68pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 16.18pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$</span><span style="padding-left: 3.33pt; border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">444</span></div> </td> <td style="width: 5.33pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.33pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$</span><span style="padding-left: 22.5pt; border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">—</span></div> </td> </tr> <tr class="BRDSX_boxspacer"> <td style="height: 2.75pt; width: 180pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 5.33pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 5.33pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 55.68pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 5.33pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 5.33pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 37.5pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 5.33pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 5.33pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 48.33pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 5.33pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 5.33pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 55.68pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 5.33pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 5.33pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 37.5pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> </tr> </table> <div class="BRDSX_h3" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; font-weight: bold; margin-top: 18.5pt; margin-left: 20pt; text-align: left;">DCSP Financing Arrangements </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">As discussed in the <span style="font-style: italic;">Note 10—Debt</span>, the Company has a Note Receivable outstanding as of December 31, 2024, related to the DCSP Financing Arrangements. The Company determined that the fair value of the Note Receivable approximates the carrying value. </div> <div class="BRDSX_h3" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; font-weight: bold; margin-top: 20.5pt; margin-left: 20pt; text-align: left;">Available-For-Sale Marketable Securities </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">The following table summarizes the estimated fair value of investments in available-for-sale marketable debt securities by effective contractual maturity dates (in thousands): </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: left;"> <br/></div> <table cellpadding="0" cellspacing="0" class="BRDSX_fintab" style="width: 468pt; margin-left: auto; margin-right: auto; border-spacing: 0;"> <tr class="BRDSX_boxspacer"> <td style="height: 6pt; width: 408pt; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 6.42pt; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 6.42pt; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 47.16pt; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> </tr> <tr class="BRDSX_header"> <td style="width: 408pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"> </div> </td> <td style="width: 6.42pt; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.42pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">December 31, </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2023 </div> </td> </tr> <tr> <td style="width: 408pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Due in one year or less</div> </td> <td style="width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 9.83pt; text-align: left;">$<span style="padding-left: 12.5pt;">— </span></div> </td> </tr> <tr> <td style="width: 408pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Due over one year</div> </td> <td style="width: 6.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 9.83pt; text-align: left;"><span style="padding-left: 5pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">2,368</span></div> </td> </tr> <tr> <td style="width: 408pt; padding-top: 2.26pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 10pt; text-align: left;">Total available-for-sale marketable securities</div> </td> <td style="width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 9.83pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$2,368</span></div> </td> </tr> <tr class="BRDSX_boxspacer"> <td style="height: 2.75pt; width: 408pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 47.16pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> </tr> </table> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">For short-term investments with an unrealized loss as of December 31, 2023, the unrealized losses were not due to credit-related factors. As of December 31, 2023, the Company did not intend to sell these short-term investments, and it was more likely than not that the Company would hold these short-term investments until maturity or a recovery of the cost basis. Therefore, no allowance for expected credit losses was recorded as of December 31, 2023. In November 2024, the Company sold all of its available-for-sale marketable debt securities. As a result, the Company reclassified an immaterial amount to other income, net in the consolidated statements of operations that was previously recorded in accumulated other comprehensive income (loss). </div>

<div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6.75pt; margin-left: 0pt; text-indent: 20pt; text-align: left;">The following tables presents the hierarchy fair value as of the end of each reporting period (in thousands): </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: left;"> <br/></div> <table cellpadding="0" cellspacing="0" class="BRDSX_fintab" style="width: 468pt; margin-left: auto; margin-right: auto; border-spacing: 0;"> <tr class="BRDSX_boxspacer"> <td style="height: 6pt; width: 300pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 6.23pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 6.23pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 36.3pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 6.23pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 6.23pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 47.16pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 6.23pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 6.23pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 47.16pt;"> <div style="font-size: 1pt;"> </div> </td> </tr> <tr class="BRDSX_header"> <td style="width: 300pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"> </div> </td> <td style="width: 6.23pt; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.23pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 36.3pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Fair Value </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Hierarchy</div> </td> <td style="width: 6.23pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.23pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">December 31, </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2023</div> </td> <td style="width: 6.23pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.23pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">December 31, </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2024 </div> </td> </tr> <tr> <td style="width: 300pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;">Financial assets: </div> </td> <td style="width: 6.23pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.23pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 36.3pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 6.23pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.23pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 6.23pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.23pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> </tr> <tr> <td style="width: 300pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;">Cash and cash equivalents </div> </td> <td style="width: 6.23pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.23pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 36.3pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 6.23pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.23pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 6.23pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.23pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> </tr> <tr> <td style="width: 300pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;">Money market funds</div> </td> <td style="width: 6.23pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.23pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 36.3pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; text-align: center;">Level 1</div> </td> <td style="width: 6.23pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.23pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 4.83pt; text-align: left;">$<span style="padding-left: 5pt;">87,258</span></div> </td> <td style="width: 6.23pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.23pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 4.83pt; text-align: left;">$<span style="padding-left: 10.37pt;">2,411 </span></div> </td> </tr> <tr> <td style="width: 300pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;">Restricted cash and cash equivalents, current </div> </td> <td style="width: 6.23pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.23pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 36.3pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 6.23pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.23pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 6.23pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.23pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> </tr> <tr> <td style="width: 300pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;">Money market funds</div> </td> <td style="width: 6.23pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.23pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 36.3pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; text-align: center;">Level 1</div> </td> <td style="width: 6.23pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.23pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 4.83pt; text-align: left;"><span style="padding-left: 10pt;">42,940</span></div> </td> <td style="width: 6.23pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.23pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 4.83pt; text-align: left;"><span style="padding-left: 10pt;">24,185</span></div> </td> </tr> <tr> <td style="width: 300pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;">Prepaid expenses and other current assets </div> </td> <td style="width: 6.23pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.23pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 36.3pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 6.23pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.23pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 6.23pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.23pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> </tr> <tr> <td style="width: 300pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;">Available-for-sale marketable securities</div> </td> <td style="width: 6.23pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.23pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 36.3pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; text-align: center;">Level 2</div> </td> <td style="width: 6.23pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.23pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 4.83pt; text-align: left;"><span style="padding-left: 15pt;">2,368</span></div> </td> <td style="width: 6.23pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.23pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 4.83pt; text-align: left;"><span style="padding-left: 27.5pt;">—</span></div> </td> </tr> <tr> <td style="width: 300pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;">Restricted cash and cash equivalents, non-current </div> </td> <td style="width: 6.23pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.23pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 36.3pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 6.23pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.23pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 6.23pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.23pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> </tr> <tr> <td style="width: 300pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;">Money market funds</div> </td> <td style="width: 6.23pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.23pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 36.3pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; text-align: center;">Level 1</div> </td> <td style="width: 6.23pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.23pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 4.83pt; text-align: left;"><span style="padding-left: 5pt;">206,846</span></div> </td> <td style="width: 6.23pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.23pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 4.83pt; text-align: left;"><span style="padding-left: 10pt;">56,250</span></div> </td> </tr> <tr> <td style="width: 300pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;">Restricted marketable securities, non-current </div> </td> <td style="width: 6.23pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.23pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 36.3pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 6.23pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.23pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 6.23pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.23pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> </tr> <tr> <td style="width: 300pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;">Certificates of deposit</div> </td> <td style="width: 6.23pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.23pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 36.3pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; text-align: center;">Level 2</div> </td> <td style="width: 6.23pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.23pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 4.83pt; text-align: left;"><span style="padding-left: 5pt;">171,734</span></div> </td> <td style="width: 6.23pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.23pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 4.83pt; text-align: left;"><span style="padding-left: 10pt;">29,308</span></div> </td> </tr> <tr> <td style="width: 300pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;">Other non-current assets </div> </td> <td style="width: 6.23pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.23pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 36.3pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 6.23pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.23pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 6.23pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.23pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> </tr> <tr> <td style="width: 300pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;">Power purchase agreements</div> </td> <td style="width: 6.23pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.23pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 36.3pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; text-align: center;">Level 3</div> </td> <td style="width: 6.23pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.23pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 4.83pt; text-align: left;"><span style="padding-left: 15pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">1,459</span></div> </td> <td style="width: 6.23pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.23pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 4.83pt; text-align: left;"><span style="padding-left: 15pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">2,562</span></div> </td> </tr> <tr> <td style="width: 300pt; padding-top: 2.26pt; padding-bottom: 3.63pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 20pt; text-align: left;">Total financial assets</div> </td> <td style="width: 6.23pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.23pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 36.3pt; padding-top: 2.26pt; padding-bottom: 3.63pt; text-align: center; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 6.23pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.23pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 2.26pt; padding-bottom: 3.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 4.83pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$512,605</span></div> </td> <td style="width: 6.23pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.23pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 2.26pt; padding-bottom: 3.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 4.83pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$</span><span style="padding-left: 0.37pt; border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">114,716 </span></div> </td> </tr> <tr> <td style="width: 300pt; padding-top: 3.26pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;">Financial liabilities: </div> </td> <td style="width: 6.23pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.23pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 36.3pt; padding-top: 3.26pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 6.23pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.23pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 3.26pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 6.23pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.23pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 3.26pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> </tr> <tr> <td style="width: 300pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;">Derivative and warrant liabilities </div> </td> <td style="width: 6.23pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.23pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 36.3pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 6.23pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.23pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 6.23pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.23pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> </tr> <tr> <td style="width: 300pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;">Bifurcated embedded derivative liabilities</div> </td> <td style="width: 6.23pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.23pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 36.3pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; text-align: center;">Level 3</div> </td> <td style="width: 6.23pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.23pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 4.83pt; text-align: left;">$386,469</div> </td> <td style="width: 6.23pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.23pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 4.83pt; text-align: left;">$<span style="padding-left: 22.5pt;">— </span></div> </td> </tr> <tr> <td style="width: 300pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;">Warrant liabilities</div> </td> <td style="width: 6.23pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.23pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 36.3pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; text-align: center;">Level 3</div> </td> <td style="width: 6.23pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.23pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 4.83pt; text-align: left;"><span style="padding-left: 10pt;">70,930</span></div> </td> <td style="width: 6.23pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.23pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 4.83pt; text-align: left;"><span style="padding-left: 5pt;">199,645</span></div> </td> </tr> <tr> <td style="width: 300pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;">Series B tranche liability</div> </td> <td style="width: 6.23pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.23pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 36.3pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; text-align: center;">Level 3</div> </td> <td style="width: 6.23pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.23pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 4.83pt; text-align: left;"><span style="padding-left: 10pt;">69,648</span></div> </td> <td style="width: 6.23pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.23pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 4.83pt; text-align: left;"><span style="padding-left: 27.5pt;">—</span></div> </td> </tr> <tr> <td style="width: 300pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;">Power purchase agreements</div> </td> <td style="width: 6.23pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.23pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 36.3pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; text-align: center;">Level 3</div> </td> <td style="width: 6.23pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.23pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 4.83pt; text-align: left;"><span style="padding-left: 27.5pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">—</span></div> </td> <td style="width: 6.23pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.23pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 4.83pt; text-align: left;"><span style="padding-left: 22.5pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">444</span></div> </td> </tr> <tr> <td style="width: 300pt; padding-top: 2.26pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 20pt; text-align: left;">Total financial liabilities</div> </td> <td style="width: 6.23pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.23pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 36.3pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 6.23pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.23pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 4.83pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$527,047</span></div> </td> <td style="width: 6.23pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.23pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 4.83pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$200,089</span></div> </td> </tr> <tr class="BRDSX_boxspacer"> <td style="height: 2.75pt; width: 300pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 6.23pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 6.23pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 36.3pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 6.23pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 6.23pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 47.16pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 6.23pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 6.23pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 47.16pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> </tr> </table>

87258000

2411000

42940000

24185000

2368000

206846000

56250000

171734000

29308000

1459000

2562000

512605000

114716000

386469000

70930000 199645000 69648000 0

444000

527047000

200089000

<div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">The following tables present information about the Company’s financial assets that are measured at fair value on a recurring basis as of the end of each reporting period (in thousands): </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: left;"> <br/></div> <table cellpadding="0" cellspacing="0" class="BRDSX_fintab" style="width: 468pt; margin-left: auto; margin-right: auto; border-spacing: 0;"> <tr class="BRDSX_boxspacer"> <td style="height: 6pt; width: 288pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 3.83pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 3.83pt;"> <div style="font-size: 1pt;"> </div> </td> <td colspan="10" style="height: 6pt; width: 172.34pt;"> <div style="font-size: 1pt;"> </div> </td> </tr> <tr class="BRDSX_header"> <td style="width: 288pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"> </div> </td> <td style="width: 3.83pt; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.83pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td colspan="10" style="width: 172.34pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">December 31, 2023 </div> </td> </tr> <tr class="BRDSX_header"> <td style="width: 288pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"> </div> </td> <td style="width: 3.83pt; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.83pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Adjusted </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Cost</div> </td> <td style="width: 3.83pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.83pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.18pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Gross </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Unrealized </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Gains</div> </td> <td style="width: 3.83pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.83pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.18pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Gross </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Unrealized </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Losses</div> </td> <td style="width: 3.83pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.83pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Fair Value </div> </td> </tr> <tr> <td style="width: 288pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;">Financial assets: </div> </td> <td style="width: 3.83pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.83pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 3.83pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.83pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.18pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 3.83pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.83pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.18pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 3.83pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.83pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> </tr> <tr> <td style="width: 288pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;">Cash and cash equivalents </div> </td> <td style="width: 3.83pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.83pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 3.83pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.83pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.18pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 3.83pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.83pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.18pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 3.83pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.83pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> </tr> <tr> <td style="width: 288pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;">Money market funds</div> </td> <td style="width: 3.83pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.83pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">$<span style="padding-left: 5pt;">87,258</span></div> </td> <td style="width: 3.83pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.83pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.18pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.09pt; text-align: left;">$—</div> </td> <td style="width: 3.83pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.83pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.18pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.09pt; text-align: left;">$—</div> </td> <td style="width: 3.83pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.83pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">$<span style="padding-left: 5pt;">87,258 </span></div> </td> </tr> <tr> <td style="width: 288pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;">Restricted cash and cash equivalents, current </div> </td> <td style="width: 3.83pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.83pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 3.83pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.83pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.18pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 3.83pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.83pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.18pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 3.83pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.83pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> </tr> <tr> <td style="width: 288pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;">Money market funds</div> </td> <td style="width: 3.83pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.83pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 10pt;">42,940</span></div> </td> <td style="width: 3.83pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.83pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.18pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.09pt; text-align: left;"><span style="padding-left: 5pt;">—</span></div> </td> <td style="width: 3.83pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.83pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.18pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.09pt; text-align: left;"><span style="padding-left: 5pt;">—</span></div> </td> <td style="width: 3.83pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.83pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 10pt;">42,940</span></div> </td> </tr> <tr> <td style="width: 288pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;">Prepaid expenses and other current assets </div> </td> <td style="width: 3.83pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.83pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 3.83pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.83pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.18pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 3.83pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.83pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.18pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 3.83pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.83pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> </tr> <tr> <td style="width: 288pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;">Available-for-sale marketable securities</div> </td> <td style="width: 3.83pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.83pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 15pt;">2,354</span></div> </td> <td style="width: 3.83pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.83pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.18pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.09pt; text-align: left;"><span style="padding-left: 5pt;">14</span></div> </td> <td style="width: 3.83pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.83pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.18pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.09pt; text-align: left;"><span style="padding-left: 5pt;">—</span></div> </td> <td style="width: 3.83pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.83pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 15pt;">2,368</span></div> </td> </tr> <tr> <td style="width: 288pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;">Restricted cash and cash equivalents, non-current </div> </td> <td style="width: 3.83pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.83pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 3.83pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.83pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.18pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 3.83pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.83pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.18pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 3.83pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.83pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> </tr> <tr> <td style="width: 288pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;">Money market funds</div> </td> <td style="width: 3.83pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.83pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 5pt;">206,846</span></div> </td> <td style="width: 3.83pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.83pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.18pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.09pt; text-align: left;"><span style="padding-left: 5pt;">—</span></div> </td> <td style="width: 3.83pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.83pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.18pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.09pt; text-align: left;"><span style="padding-left: 5pt;">—</span></div> </td> <td style="width: 3.83pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.83pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 5pt;">206,846</span></div> </td> </tr> <tr> <td style="width: 288pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;">Restricted marketable securities, non-current </div> </td> <td style="width: 3.83pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.83pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 3.83pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.83pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.18pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 3.83pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.83pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.18pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 3.83pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.83pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> </tr> <tr> <td style="width: 288pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;">Certificates of deposit</div> </td> <td style="width: 3.83pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.83pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 5pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">171,734</span></div> </td> <td style="width: 3.83pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.83pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.18pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.09pt; text-align: left;"><span style="padding-left: 5pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">—</span></div> </td> <td style="width: 3.83pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.83pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.18pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.09pt; text-align: left;"><span style="padding-left: 5pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">—</span></div> </td> <td style="width: 3.83pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.83pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 5pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">171,734</span></div> </td> </tr> <tr> <td style="width: 288pt; padding-top: 2.26pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 20pt; text-align: left;">Total</div> </td> <td style="width: 3.83pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.83pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$</span><span style="padding-left: 0.37pt; border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">511,132</span></div> </td> <td style="width: 3.83pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.83pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.18pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.09pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$14</span></div> </td> <td style="width: 3.83pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.83pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.18pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.09pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$—</span></div> </td> <td style="width: 3.83pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.83pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$</span><span style="padding-left: 0.37pt; border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">511,146</span></div> </td> </tr> <tr class="BRDSX_boxspacer"> <td style="height: 2.75pt; width: 288pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 3.83pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 3.83pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 37.5pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 3.83pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 3.83pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 37.18pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 3.83pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 3.83pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 37.18pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 3.83pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 3.83pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 37.5pt;"> <div style="font-size: 1pt;"> </div> </td> </tr> </table> <table cellpadding="0" cellspacing="0" class="BRDSX_fintab" style="width: 468pt; margin-left: auto; margin-right: auto; border-spacing: 0;"> <tr class="BRDSX_boxspacer"> <td style="height: 6pt; width: 288pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 3.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 3.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td colspan="10" style="height: 6pt; width: 172.14pt;"> <div style="font-size: 1pt;"> </div> </td> </tr> <tr class="BRDSX_header"> <td style="width: 288pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"> </div> </td> <td style="width: 3.92pt; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.92pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td colspan="10" style="width: 172.14pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">December 31, 2024 </div> </td> </tr> <tr class="BRDSX_header"> <td style="width: 288pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"> </div> </td> <td style="width: 3.92pt; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.92pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.13pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Adjusted </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Cost</div> </td> <td style="width: 3.92pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.92pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.18pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Gross </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Unrealized </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Gains</div> </td> <td style="width: 3.92pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.92pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.18pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Gross </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Unrealized </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Losses</div> </td> <td style="width: 3.92pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.92pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.13pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Fair Value </div> </td> </tr> <tr> <td style="width: 288pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;">Financial assets: </div> </td> <td style="width: 3.92pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.92pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.13pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 3.92pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.92pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.18pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 3.92pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.92pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.18pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 3.92pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.92pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.13pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> </tr> <tr> <td style="width: 288pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;">Cash and cash equivalents </div> </td> <td style="width: 3.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.13pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 3.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.18pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 3.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.18pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 3.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.13pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> </tr> <tr> <td style="width: 288pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;">Money market funds</div> </td> <td style="width: 3.92pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.92pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.13pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0.01pt; text-align: left;">$<span style="padding-left: 10pt;">2,411</span></div> </td> <td style="width: 3.92pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.92pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.18pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.09pt; text-align: left;">$—</div> </td> <td style="width: 3.92pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.92pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.18pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.09pt; text-align: left;">$—</div> </td> <td style="width: 3.92pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.92pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.13pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -0.01pt; text-align: left;">$<span style="padding-left: 10pt;">2,411 </span></div> </td> </tr> <tr> <td style="width: 288pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;">Restricted cash and cash equivalents, current </div> </td> <td style="width: 3.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.13pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 3.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.18pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 3.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.18pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 3.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.13pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> </tr> <tr> <td style="width: 288pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;">Money market funds</div> </td> <td style="width: 3.92pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.92pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.13pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0.01pt; text-align: left;"><span style="padding-left: 9.63pt;">24,185</span></div> </td> <td style="width: 3.92pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.92pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.18pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.09pt; text-align: left;"><span style="padding-left: 5pt;">—</span></div> </td> <td style="width: 3.92pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.92pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.18pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.09pt; text-align: left;"><span style="padding-left: 5pt;">—</span></div> </td> <td style="width: 3.92pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.92pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.13pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -0.01pt; text-align: left;"><span style="padding-left: 9.63pt;">24,185</span></div> </td> </tr> <tr> <td style="width: 288pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;">Restricted cash and cash equivalents, non-current </div> </td> <td style="width: 3.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.13pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 3.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.18pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 3.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.18pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 3.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.13pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> </tr> <tr> <td style="width: 288pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;">Money market funds</div> </td> <td style="width: 3.92pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.92pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.13pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0.01pt; text-align: left;"><span style="padding-left: 9.63pt;">56,250</span></div> </td> <td style="width: 3.92pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.92pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.18pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.09pt; text-align: left;"><span style="padding-left: 5pt;">—</span></div> </td> <td style="width: 3.92pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.92pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.18pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.09pt; text-align: left;"><span style="padding-left: 5pt;">—</span></div> </td> <td style="width: 3.92pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.92pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.13pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -0.01pt; text-align: left;"><span style="padding-left: 9.63pt;">56,250</span></div> </td> </tr> <tr> <td style="width: 288pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;">Restricted marketable securities, non-current </div> </td> <td style="width: 3.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.13pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 3.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.18pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 3.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.18pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 3.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.13pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> </tr> <tr> <td style="width: 288pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;">Certificates of deposit</div> </td> <td style="width: 3.92pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.92pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.13pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0.01pt; text-align: left;"><span style="padding-left: 9.63pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">29,308</span></div> </td> <td style="width: 3.92pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.92pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.18pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.09pt; text-align: left;"><span style="padding-left: 5pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">—</span></div> </td> <td style="width: 3.92pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.92pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.18pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.09pt; text-align: left;"><span style="padding-left: 5pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">—</span></div> </td> <td style="width: 3.92pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.92pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.13pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -0.01pt; text-align: left;"><span style="padding-left: 9.63pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">29,308</span></div> </td> </tr> <tr> <td style="width: 288pt; padding-top: 2.26pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 20pt; text-align: left;">Total</div> </td> <td style="width: 3.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.13pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0.01pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$112,154</span></div> </td> <td style="width: 3.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.18pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.09pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$—</span></div> </td> <td style="width: 3.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.18pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.09pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$—</span></div> </td> <td style="width: 3.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.13pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -0.01pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$112,154</span></div> </td> </tr> <tr class="BRDSX_boxspacer"> <td style="height: 2.75pt; width: 288pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 3.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 3.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 37.13pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 3.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 3.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 37.18pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 3.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 3.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 37.18pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 3.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 3.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 37.13pt;"> <div style="font-size: 1pt;"> </div> </td> </tr> </table>

87258000

42940000

2354000

14000

2368000

206846000

171734000

511132000

14000

511146000

2411000

24185000

56250000

29308000

112154000

<div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">The Company’s valuation of the warrant liabilities utilized the Black-Scholes option-pricing model that relied on the following significant inputs: </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: left;"> <br/></div> <table cellpadding="0" cellspacing="0" class="BRDSX_fintab" style="width: 468pt; margin-left: auto; margin-right: auto; border-spacing: 0;"> <tr class="BRDSX_boxspacer"> <td style="height: 6pt; width: 360pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 3.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 3.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 47.16pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 3.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 3.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 47.16pt;"> <div style="font-size: 1pt;"> </div> </td> </tr> <tr class="BRDSX_header"> <td style="width: 360pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"> </div> </td> <td style="width: 3.42pt; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.42pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">December 31, </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2023</div> </td> <td style="width: 3.42pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.42pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">December 31, </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2024 </div> </td> </tr> <tr> <td style="width: 360pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Stock price</div> </td> <td style="width: 3.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 16.08pt; text-align: left;">$18</div> </td> <td style="width: 3.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 16.08pt; text-align: left;">$48 </div> </td> </tr> <tr> <td style="width: 360pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Volatility</div> </td> <td style="width: 3.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 16.08pt; text-align: left;"><span style="padding-left: 5pt;">55%</span></div> </td> <td style="width: 3.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 16.08pt; text-align: left;"><span style="padding-left: 5pt;">60%</span></div> </td> </tr> <tr> <td style="width: 360pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Risk-free rate</div> </td> <td style="width: 3.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 16.08pt; text-align: left;"><span style="padding-left: 10pt;">4%</span></div> </td> <td style="width: 3.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 16.08pt; text-align: left;"><span style="padding-left: 10pt;">4%</span></div> </td> </tr> <tr> <td style="width: 360pt; padding-top: 1.01pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Dividend yield</div> </td> <td style="width: 3.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 16.08pt; text-align: left;"><span style="padding-left: 10pt;">0%</span></div> </td> <td style="width: 3.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-size: 10pt; margin-top: 0pt; margin-left: 16.08pt; text-align: left;"><span style="padding-left: 10pt;">0% </span></div> </td> </tr> <tr class="BRDSX_boxspacer"> <td style="height: 2.75pt; width: 360pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 3.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 3.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 47.16pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 3.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 3.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 47.16pt;"> <div style="font-size: 1pt;"> </div> </td> </tr> </table> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">The Company’s valuation of the embedded derivative liabilities utilized the binomial lattice model that relied on the following significant inputs: </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: left;"> <br/></div> <table cellpadding="0" cellspacing="0" class="BRDSX_fintab" style="width: 468pt; margin-left: auto; margin-right: auto; border-spacing: 0;"> <tr class="BRDSX_boxspacer"> <td style="height: 6pt; width: 396pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 12.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 12.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 47.16pt;"> <div style="font-size: 1pt;"> </div> </td> </tr> <tr class="BRDSX_header"> <td style="width: 396pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"> </div> </td> <td style="width: 12.42pt; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 12.42pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">December 31, </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2023 </div> </td> </tr> <tr> <td style="width: 396pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Stock price</div> </td> <td style="width: 12.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 12.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 16.08pt; text-align: left;">$18 </div> </td> </tr> <tr> <td style="width: 396pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Volatility</div> </td> <td style="width: 12.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 12.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 16.08pt; text-align: left;"><span style="padding-left: 5pt;">40%</span></div> </td> </tr> <tr> <td style="width: 396pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Risk-free rate</div> </td> <td style="width: 12.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 12.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 16.08pt; text-align: left;"><span style="padding-left: 10pt;">4%</span></div> </td> </tr> <tr> <td style="width: 396pt; padding-top: 1.01pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Lattice or Monte Carlo model projection period (years)</div> </td> <td style="width: 12.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 12.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 16.08pt; text-align: left;"><span style="padding-left: 10pt;">2</span></div> </td> </tr> <tr class="BRDSX_boxspacer"> <td style="height: 2.75pt; width: 396pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 12.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 12.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 47.16pt;"> <div style="font-size: 1pt;"> </div> </td> </tr> </table> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">As discussed in <span style="font-style: italic;">Note 10—Debt</span>, the 2021 Convertible Notes were converted into common stock on September 17, 2024. The following table is a summary of the significant unobservable inputs to value the embedded derivative liability immediately before conversion: </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: left;"> <br/></div> <table cellpadding="0" cellspacing="0" class="BRDSX_fintab" style="width: 468pt; margin-left: auto; margin-right: auto; border-spacing: 0;"> <tr class="BRDSX_boxspacer"> <td style="height: 6pt; width: 396pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 11.31pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 11.31pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 49.39pt;"> <div style="font-size: 1pt;"> </div> </td> </tr> <tr class="BRDSX_header"> <td style="width: 396pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"> </div> </td> <td style="width: 11.31pt; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 11.31pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 49.39pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">September 17, </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2024 </div> </td> </tr> <tr> <td style="width: 396pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Stock price</div> </td> <td style="width: 11.31pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 11.31pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 49.39pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 17.2pt; text-align: left;">$44 </div> </td> </tr> <tr> <td style="width: 396pt; padding-top: 1.01pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Discount rate</div> </td> <td style="width: 11.31pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 11.31pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 49.39pt; padding-top: 1.01pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 17.2pt; text-align: left;"><span style="padding-left: 5pt;">12%</span></div> </td> </tr> <tr class="BRDSX_boxspacer"> <td style="height: 2.75pt; width: 396pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 11.31pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 11.31pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 49.39pt;"> <div style="font-size: 1pt;"> </div> </td> </tr> </table> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">The Company’s valuation of the Series B tranche liability utilized the Black-Scholes option-pricing model that relied on the following significant inputs: </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: left;"> <br/></div> <table cellpadding="0" cellspacing="0" class="BRDSX_fintab" style="width: 468pt; margin-left: auto; margin-right: auto; border-spacing: 0;"> <tr class="BRDSX_boxspacer"> <td style="height: 6pt; width: 396pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 12.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 12.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 47.16pt;"> <div style="font-size: 1pt;"> </div> </td> </tr> <tr class="BRDSX_header"> <td style="width: 396pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"> </div> </td> <td style="width: 12.42pt; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 12.42pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">December 31, </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2023 </div> </td> </tr> <tr> <td style="width: 396pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Series B stock price</div> </td> <td style="width: 12.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 12.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 16.08pt; text-align: left;">$21 </div> </td> </tr> <tr> <td style="width: 396pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Volatility</div> </td> <td style="width: 12.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 12.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 16.08pt; text-align: left;"><span style="padding-left: 5pt;">21%</span></div> </td> </tr> <tr> <td style="width: 396pt; padding-top: 1.01pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Risk-free rate</div> </td> <td style="width: 12.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 12.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 16.08pt; text-align: left;"><span style="padding-left: 10pt;">5%</span></div> </td> </tr> <tr class="BRDSX_boxspacer"> <td style="height: 2.75pt; width: 396pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 12.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 12.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 47.16pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> </tr> </table>

0.55

0.60

0.04

0.40

0.04

0.12

0.21

0.05

<div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6.75pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">The following table presents a summary of the changes in the fair value of the Company’s Level 3 financial instruments (in thousands): </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: left;"> <br/></div> <table cellpadding="0" cellspacing="0" class="BRDSX_fintab" style="width: 468pt; margin-left: auto; margin-right: auto; border-spacing: 0;"> <tr class="BRDSX_boxspacer"> <td style="height: 6pt; width: 180pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 5.33pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 5.33pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 55.68pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 5.33pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 5.33pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 37.5pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 5.33pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 5.33pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 48.33pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 5.33pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 5.33pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 55.68pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 5.33pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 5.33pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 37.5pt;"> <div style="font-size: 1pt;"> </div> </td> </tr> <tr class="BRDSX_header"> <td style="width: 180pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"> </div> </td> <td style="width: 5.33pt; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.33pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 55.68pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Power Purchase </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Agreements – </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Asset</div> </td> <td style="width: 5.33pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.33pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Warrant </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Liabilities</div> </td> <td style="width: 5.33pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.33pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 48.33pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Bifurcated </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Embedded </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Derivative </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Liabilities</div> </td> <td style="width: 5.33pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.33pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 55.68pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Power Purchase </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Agreements – </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Liability</div> </td> <td style="width: 5.33pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.33pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Series B </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Tranche </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Liability </div> </td> </tr> <tr> <td style="width: 180pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;">Balance at January 1, 2023</div> </td> <td style="width: 5.33pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.33pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 55.68pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 14.09pt; text-align: left;">$<span style="padding-left: 12.5pt;">—</span></div> </td> <td style="width: 5.33pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.33pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">$<span style="padding-left: 10pt;">3,887</span></div> </td> <td style="width: 5.33pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.33pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 48.33pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">$<span style="padding-left: 20.83pt;">4,901</span></div> </td> <td style="width: 5.33pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.33pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 55.68pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 16.18pt; text-align: left;">$<span style="padding-left: 8.33pt;">—</span></div> </td> <td style="width: 5.33pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.33pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">$<span style="padding-left: 22.5pt;">— </span></div> </td> </tr> <tr> <td style="width: 180pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;">Additions</div> </td> <td style="width: 5.33pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.33pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 55.68pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 14.09pt; text-align: left;"><span style="padding-left: 5pt;">1,040</span></div> </td> <td style="width: 5.33pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.33pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 15pt;">1,716</span></div> </td> <td style="width: 5.33pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.33pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 48.33pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 20.83pt;">20,829</span></div> </td> <td style="width: 5.33pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.33pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 55.68pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 16.18pt; text-align: left;"><span style="padding-left: 13.33pt;">—</span></div> </td> <td style="width: 5.33pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.33pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 10pt;">10,300</span></div> </td> </tr> <tr> <td style="width: 180pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;">Adjustment to fair value</div> </td> <td style="width: 5.33pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.33pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 55.68pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 14.09pt; text-align: left;"><span style="padding-left: 12.5pt;">419</span></div> </td> <td style="width: 5.33pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.33pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 10pt;">68,334</span></div> </td> <td style="width: 5.33pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.33pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 48.33pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 15.83pt;">360,739</span></div> </td> <td style="width: 5.33pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.33pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 55.68pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 16.18pt; text-align: left;"><span style="padding-left: 13.33pt;">—</span></div> </td> <td style="width: 5.33pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.33pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 5pt;">104,879</span></div> </td> </tr> <tr> <td style="width: 180pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;">Settlements</div> </td> <td style="width: 5.33pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.33pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 55.68pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 14.09pt; text-align: left;"><span style="padding-left: 17.5pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">—</span></div> </td> <td style="width: 5.33pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.33pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 11.67pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">(3,007)</span></div> </td> <td style="width: 5.33pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.33pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 48.33pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 38.33pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">—</span></div> </td> <td style="width: 5.33pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.33pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 55.68pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 16.18pt; text-align: left;"><span style="padding-left: 13.33pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">—</span></div> </td> <td style="width: 5.33pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.33pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 6.67pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">(45,531)</span></div> </td> </tr> <tr> <td style="width: 180pt; padding-top: 2.26pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;">Balance at December 31, 2023</div> </td> <td style="width: 5.33pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.33pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 55.68pt; padding-top: 2.26pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 14.09pt; text-align: left;"><span style="padding-left: 5pt;">1,459</span></div> </td> <td style="width: 5.33pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.33pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 2.26pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 10pt;">70,930</span></div> </td> <td style="width: 5.33pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.33pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 48.33pt; padding-top: 2.26pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 15.83pt;">386,469</span></div> </td> <td style="width: 5.33pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.33pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 55.68pt; padding-top: 2.26pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 16.18pt; text-align: left;"><span style="padding-left: 13.33pt;">—</span></div> </td> <td style="width: 5.33pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.33pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 2.26pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 10pt;">69,648</span></div> </td> </tr> <tr> <td style="width: 180pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;">Additions</div> </td> <td style="width: 5.33pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.33pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 55.68pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 14.09pt; text-align: left;"><span style="padding-left: 17.5pt;">—</span></div> </td> <td style="width: 5.33pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.33pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 27.5pt;">—</span></div> </td> <td style="width: 5.33pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.33pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 48.33pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 38.33pt;">—</span></div> </td> <td style="width: 5.33pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.33pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 55.68pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 16.18pt; text-align: left;"><span style="padding-left: 8.33pt;">770</span></div> </td> <td style="width: 5.33pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.33pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 27.5pt;">—</span></div> </td> </tr> <tr> <td style="width: 180pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;">Adjustment to fair value</div> </td> <td style="width: 5.33pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.33pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 55.68pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 14.09pt; text-align: left;"><span style="padding-left: 5pt;">1,103</span></div> </td> <td style="width: 5.33pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.33pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 5pt;">128,715</span></div> </td> <td style="width: 5.33pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.33pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 48.33pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 15.83pt;">627,263</span></div> </td> <td style="width: 5.33pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.33pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 55.68pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 16.18pt; text-align: left;"><span style="padding-left: 5pt;">(326)</span></div> </td> <td style="width: 5.33pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.33pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 24.17pt;">(49)</span></div> </td> </tr> <tr> <td style="width: 180pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;">Settlements</div> </td> <td style="width: 5.33pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.33pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 55.68pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 14.09pt; text-align: left;"><span style="padding-left: 17.5pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">—</span></div> </td> <td style="width: 5.33pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.33pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 27.5pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">—</span></div> </td> <td style="width: 5.33pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.33pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 48.33pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 5pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">(1,013,732)</span></div> </td> <td style="width: 5.33pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.33pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 55.68pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 16.18pt; text-align: left;"><span style="padding-left: 13.33pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">—</span></div> </td> <td style="width: 5.33pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.33pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 6.67pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">(69,599)</span></div> </td> </tr> <tr> <td style="width: 180pt; padding-top: 2.26pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;">Balance at December 31, 2024</div> </td> <td style="width: 5.33pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.33pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 55.68pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 14.09pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$2,562</span></div> </td> <td style="width: 5.33pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.33pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$199,645</span></div> </td> <td style="width: 5.33pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.33pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 48.33pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$</span><span style="padding-left: 33.33pt; border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">—</span></div> </td> <td style="width: 5.33pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.33pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 55.68pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 16.18pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$</span><span style="padding-left: 3.33pt; border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">444</span></div> </td> <td style="width: 5.33pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.33pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$</span><span style="padding-left: 22.5pt; border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">—</span></div> </td> </tr> <tr class="BRDSX_boxspacer"> <td style="height: 2.75pt; width: 180pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 5.33pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 5.33pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 55.68pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 5.33pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 5.33pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 37.5pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 5.33pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 5.33pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 48.33pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 5.33pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 5.33pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 55.68pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 5.33pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 5.33pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 37.5pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> </tr> </table>

3887000

4901000

1040000

1716000

20829000

10300000

419000

68334000

360739000

104879000

-3007000

-45531000

1459000

70930000

386469000

69648000

770000

1103000

128715000

627263000

-326000

-49000

-1013732000

-69599000

2562000

199645000

444000

2368000

27000000

17000000

10000000

<div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6.75pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">The allocation of purchase consideration to the assets acquired and liabilities assumed based upon their estimated fair values as of the acquisition date is as follows (in thousands): </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: left;"> <br/></div> <table cellpadding="0" cellspacing="0" class="BRDSX_fintab" style="width: 468pt; margin-left: auto; margin-right: auto; border-spacing: 0;"> <tr class="BRDSX_boxspacer"> <td style="height: 6pt; width: 408pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 13.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 13.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 32.5pt;"> <div style="font-size: 1pt;"> </div> </td> </tr> <tr class="BRDSX_header"> <td style="width: 408pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"> </div> </td> <td style="width: 13.75pt; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 13.75pt; border-bottom-width: medium; border-bottom-style: none; white-space: nowrap;"> </td> <td style="width: 32.5pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Amount </div> </td> </tr> <tr> <td style="width: 408pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Identifiable assets</div> </td> <td style="width: 13.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 13.75pt; background-color: #CCEEFF;"> </td> <td style="width: 32.5pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">$<span style="padding-left: 5pt;">8,802 </span></div> </td> </tr> <tr> <td style="width: 408pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Total liabilities assumed</div> </td> <td style="width: 13.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 13.75pt;"> <span style="font-size: 1pt;">gg</span> </td> <td style="width: 32.5pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <span style="padding-left: 6.67pt; border-bottom: 1pt solid rgb(0, 0, 0); padding-bottom: 1.5pt; font-size: 10pt;">(1,023) </span> </td> </tr> <tr> <td style="width: 408pt; padding-top: 2.26pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;">Net assets acquired</div> </td> <td style="width: 13.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 13.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 32.5pt; padding-top: 2.26pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 10pt;">7,779</span></div> </td> </tr> <tr> <td style="width: 408pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Goodwill recognized</div> </td> <td style="width: 13.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 13.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 32.5pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 5pt; border-bottom: 1pt solid rgb(0, 0, 0); padding-bottom: 1.5pt;">19,447</span></div> </td> </tr> <tr> <td style="width: 408pt; padding-top: 2.26pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 10pt; text-align: left;">Total purchase price</div> </td> <td style="width: 13.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 13.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 32.5pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="border-bottom: 3pt double rgb(0, 0, 0); padding-bottom: 0.5pt;">$27,226</span></div> </td> </tr> <tr class="BRDSX_boxspacer"> <td style="height: 2.75pt; width: 408pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 13.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 13.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 32.5pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> </tr> </table>

8802000

1023000

7779000

19447000

27226000

1298127000

9146575000

14937000

139508000

29332000

384372000

1717000

8684000

2256673000

3200866000

3600786000

12880005000

116796000

965231000

3483990000

11914774000

12000000

101000000

861000000

41000000

159000000

7496000

7254000

26293000

242000

2364000

7496000

36153000

97000

19447000

19544000

5453000

1600000

3853000

5453000

3611000

1842000

3897000

747000

3150000

3897000

830000

3067000

9350000

2347000

7003000

9350000

4441000

4909000

2000

<div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">As of December 31, 2024, the expected future amortization expense related to intangible assets was as follows (in thousands): </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: left;"> <br/></div> <table cellpadding="0" cellspacing="0" class="BRDSX_fintab" style="width: 468pt; margin-left: auto; margin-right: auto; border-spacing: 0;"> <tr class="BRDSX_boxspacer"> <td style="height: 6pt; width: 420pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 10.01pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 10.01pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 27.99pt;"> <div style="font-size: 1pt;"> </div> </td> </tr> <tr class="BRDSX_header"> <td style="width: 420pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;">Years Ending December 31,</div> </td> <td style="width: 10.01pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 10.01pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 27.99pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Amount </div> </td> </tr> <tr> <td style="width: 420pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">2025</div> </td> <td style="width: 10.01pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 10.01pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 27.99pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0.25pt; text-align: left;">$2,058 </div> </td> </tr> <tr> <td style="width: 420pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">2026</div> </td> <td style="width: 10.01pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 10.01pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 27.99pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0.25pt; text-align: left;"><span style="padding-left: 12.5pt;">441</span></div> </td> </tr> <tr> <td style="width: 420pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">2027</div> </td> <td style="width: 10.01pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 10.01pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 27.99pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0.25pt; text-align: left;"><span style="padding-left: 12.5pt;">427</span></div> </td> </tr> <tr> <td style="width: 420pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">2028</div> </td> <td style="width: 10.01pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 10.01pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 27.99pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0.25pt; text-align: left;"><span style="padding-left: 12.5pt;">261</span></div> </td> </tr> <tr> <td style="width: 420pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">2029</div> </td> <td style="width: 10.01pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 10.01pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 27.99pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0.25pt; text-align: left;"><span style="padding-left: 12.5pt;">246</span></div> </td> </tr> <tr> <td style="width: 420pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Thereafter</div> </td> <td style="width: 10.01pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 10.01pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 27.99pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0.25pt; text-align: left;"><span style="padding-left: 5pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">1,476</span></div> </td> </tr> <tr> <td style="width: 420pt; padding-top: 2.26pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 10pt; text-align: left;">Total expected future amortization expense</div> </td> <td style="width: 10.01pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 10.01pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 27.99pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0.25pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$4,909</span></div> </td> </tr> <tr class="BRDSX_boxspacer"> <td style="height: 2.75pt; width: 420pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 10.01pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 10.01pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 27.99pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> </tr> </table>

2058000

441000

427000

261000

246000

1476000

4909000

54338000

67393000

17647000

9145000

2368000

2173000

24708000

76526000

101246000

0 336055000

51193000

145424000

107597000

42087000

102220000

17478000

29616000

110758000

720912000

<div class="BRDSX_h2" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 13pt; margin-left: 0pt; text-align: left;">8. Leases </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">The Company enters into leases as a lessee for data centers, office buildings, and equipment. The Company determines if an arrangement is a lease or contains a lease at inception and whether that lease meets the classification criteria for a finance or operating lease in accordance with U.S. GAAP. The Company applied judgment in performing the lease classification tests related to transfer of ownership, bargain purchase option, lease term assessment, estimated fair value, and the specialized nature of the underlying asset. </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">Leases for offices generally have an initial term of <span style="-sec-ix-hidden:Fact_fdc52021ae244a90b98d361a71fe5086">four</span> to ten years, often with multi-year renewal periods. Data center leases generally have an initial term from <span style="-sec-ix-hidden:Fact_f834967b889f4b548c87325d0c462f4a">three</span> to fifteen years, some of which include options to extend the leases for up to ten years. Additionally, the Company’s equipment leases generally have an initial term of two years and include the option to purchase the asset. Variable costs generally relate to costs associated with Common Area Maintenance (CAM), utilities reimbursed to the landlord, and physical security expenses within certain lease agreements. These are not included in operating or finance lease cost and are expensed as incurred. </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">The components of total lease cost related to leases for the years ended December 31, 2022, 2023, and 2024 were as follows (in thousands): </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: left;"> <br/></div> <table cellpadding="0" cellspacing="0" class="BRDSX_fintab" style="width: 468pt; margin-left: auto; margin-right: auto; border-spacing: 0;"> <tr class="BRDSX_boxspacer"> <td style="height: 6pt; width: 336pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 5.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 5.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td colspan="7" style="height: 6pt; width: 120.5pt;"> <div style="font-size: 1pt;"> </div> </td> </tr> <tr class="BRDSX_header"> <td style="width: 336pt; padding-bottom: 1.88pt; text-align: left; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"> </div> </td> <td style="width: 5.75pt; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.75pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td colspan="7" style="width: 120.5pt; padding-bottom: 1.88pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Year Ended </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">December 31, </div> </td> </tr> <tr class="BRDSX_header"> <td style="width: 336pt; padding-top: 1.58pt; padding-bottom: 1.88pt; text-align: left; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"> </div> </td> <td style="width: 5.75pt; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.75pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 27.5pt; padding-top: 1.58pt; padding-bottom: 1.88pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2022</div> </td> <td style="width: 5.75pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.75pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 32.5pt; padding-top: 1.58pt; padding-bottom: 1.88pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2023</div> </td> <td style="width: 5.75pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.75pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 1.58pt; padding-bottom: 1.88pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2024 </div> </td> </tr> <tr> <td style="width: 336pt; padding-top: 1.51pt; padding-bottom: 0.88pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;">Operating lease cost: </div> </td> <td style="width: 5.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 27.5pt; padding-top: 1.51pt; padding-bottom: 0.88pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 5.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 32.5pt; padding-top: 1.51pt; padding-bottom: 0.88pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 5.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 1.51pt; padding-bottom: 0.88pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> </tr> <tr> <td style="width: 336pt; padding-top: 0.51pt; padding-bottom: 2.13pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Operating lease cost</div> </td> <td style="width: 5.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 27.5pt; padding-top: 0.51pt; padding-bottom: 2.13pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">$</span><span style="padding-left: 7.5pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">236</span></div> </td> <td style="width: 5.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 32.5pt; padding-top: 0.51pt; padding-bottom: 2.13pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">$41,515</span></div> </td> <td style="width: 5.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 0.51pt; padding-bottom: 2.13pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">$288,628 </span></div> </td> </tr> <tr> <td style="width: 336pt; padding-top: 1.76pt; padding-bottom: 0.88pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;">Finance lease cost: </div> </td> <td style="width: 5.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 27.5pt; padding-top: 1.76pt; padding-bottom: 0.88pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 5.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 32.5pt; padding-top: 1.76pt; padding-bottom: 0.88pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 5.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 1.76pt; padding-bottom: 0.88pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> </tr> <tr> <td style="width: 336pt; padding-top: 0.51pt; padding-bottom: 0.88pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;">Amortization of ROU assets</div> </td> <td style="width: 5.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 27.5pt; padding-top: 0.51pt; padding-bottom: 0.88pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">$1,904</div> </td> <td style="width: 5.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 32.5pt; padding-top: 0.51pt; padding-bottom: 0.88pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">$<span style="padding-left: 5pt;">3,050</span></div> </td> <td style="width: 5.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 0.51pt; padding-bottom: 0.88pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">$<span style="padding-left: 5pt;">18,565 </span></div> </td> </tr> <tr> <td style="width: 336pt; padding-top: 0.51pt; padding-bottom: 2.13pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;">Interest on lease liabilities</div> </td> <td style="width: 5.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 27.5pt; padding-top: 0.51pt; padding-bottom: 2.13pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 12.5pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">903</span></div> </td> <td style="width: 5.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 32.5pt; padding-top: 0.51pt; padding-bottom: 2.13pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 17.5pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">868</span></div> </td> <td style="width: 5.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 0.51pt; padding-bottom: 2.13pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 15pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">8,709 </span></div> </td> </tr> <tr> <td style="width: 336pt; padding-top: 1.76pt; padding-bottom: 2.13pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 20pt; text-align: left;">Total finance lease cost</div> </td> <td style="width: 5.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 27.5pt; padding-top: 1.76pt; padding-bottom: 2.13pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">$2,807</span></div> </td> <td style="width: 5.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 32.5pt; padding-top: 1.76pt; padding-bottom: 2.13pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">$</span><span style="padding-left: 5pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">3,918</span></div> </td> <td style="width: 5.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 1.76pt; padding-bottom: 2.13pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">$</span><span style="padding-left: 5pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">27,274 </span></div> </td> </tr> <tr> <td style="width: 336pt; padding-top: 1.76pt; padding-bottom: 2.13pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;">Variable lease cost</div> </td> <td style="width: 5.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 27.5pt; padding-top: 1.76pt; padding-bottom: 2.13pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">$</span><span style="padding-left: 7.5pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">370</span></div> </td> <td style="width: 5.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 32.5pt; padding-top: 1.76pt; padding-bottom: 2.13pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">$16,028</span></div> </td> <td style="width: 5.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 1.76pt; padding-bottom: 2.13pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">$</span><span style="padding-left: 5pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">54,633 </span></div> </td> </tr> <tr> <td style="width: 336pt; padding-top: 1.76pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;">Total lease cost</div> </td> <td style="width: 5.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 27.5pt; padding-top: 1.76pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$3,413</span></div> </td> <td style="width: 5.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 32.5pt; padding-top: 1.76pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$61,461</span></div> </td> <td style="width: 5.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 1.76pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$370,535</span></div> </td> </tr> <tr class="BRDSX_boxspacer"> <td style="height: 2.75pt; width: 336pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 5.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 5.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 27.5pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 5.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 5.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 32.5pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 5.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 5.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 37.5pt;"> <div style="font-size: 1pt;"> </div> </td> </tr> </table> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;">Supplemental consolidated balance sheet information related to leases were as follows (in thousands): </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: left;"> <br/></div> <table cellpadding="0" cellspacing="0" class="BRDSX_fintab" style="width: 468pt; margin-left: auto; margin-right: auto; border-spacing: 0;"> <tr class="BRDSX_boxspacer"> <td style="height: 6pt; width: 348pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 6.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 6.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 47.16pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 6.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 6.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 47.16pt;"> <div style="font-size: 1pt;"> </div> </td> </tr> <tr class="BRDSX_header"> <td style="width: 348pt; padding-bottom: 1.88pt; text-align: left; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"> </div> </td> <td style="width: 6.42pt; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.42pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-bottom: 1.88pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">December 31, </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2023</div> </td> <td style="width: 6.42pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.42pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-bottom: 1.88pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">December 31, </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2024 </div> </td> </tr> <tr> <td style="width: 348pt; padding-top: 1.51pt; padding-bottom: 0.88pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;">Operating leases: </div> </td> <td style="width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.51pt; padding-bottom: 0.88pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.51pt; padding-bottom: 0.88pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> </tr> <tr> <td style="width: 348pt; padding-top: 0.51pt; padding-bottom: 3.13pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;">Operating lease ROU assets</div> </td> <td style="width: 6.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 0.51pt; padding-bottom: 3.13pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 4.83pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$461,966</span></div> </td> <td style="width: 6.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 0.51pt; padding-bottom: 3.13pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 1.08pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$2,589,547 </span></div> </td> </tr> <tr> <td style="width: 348pt; padding-top: 2.76pt; padding-bottom: 0.88pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Operating lease liabilities, current</div> </td> <td style="width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 2.76pt; padding-bottom: 0.88pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 4.83pt; text-align: left;">$<span style="padding-left: 5pt;">39,789</span></div> </td> <td style="width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 2.76pt; padding-bottom: 0.88pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 1.08pt; text-align: left;">$<span style="padding-left: 7.5pt;">213,104 </span></div> </td> </tr> <tr> <td style="width: 348pt; padding-top: 0.51pt; padding-bottom: 2.13pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Operating lease liabilities, non-current</div> </td> <td style="width: 6.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 0.51pt; padding-bottom: 2.13pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 4.83pt; text-align: left;"><span style="padding-left: 5pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">432,653</span></div> </td> <td style="width: 6.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 0.51pt; padding-bottom: 2.13pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 1.08pt; text-align: left;"><span style="padding-left: 5pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">2,388,912 </span></div> </td> </tr> <tr> <td style="width: 348pt; padding-top: 1.76pt; padding-bottom: 3.13pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 10pt; text-align: left;">Total operating lease liabilities</div> </td> <td style="width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.76pt; padding-bottom: 3.13pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 4.83pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$472,442</span></div> </td> <td style="width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.76pt; padding-bottom: 3.13pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 1.08pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$2,602,016 </span></div> </td> </tr> <tr> <td style="width: 348pt; padding-top: 2.76pt; padding-bottom: 0.88pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;">Finance leases: </div> </td> <td style="width: 6.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 2.76pt; padding-bottom: 0.88pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 6.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 2.76pt; padding-bottom: 0.88pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> </tr> <tr> <td style="width: 348pt; padding-top: 0.51pt; padding-bottom: 0.88pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Property and equipment</div> </td> <td style="width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 0.51pt; padding-bottom: 0.88pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 4.83pt; text-align: left;">$<span style="padding-left: 5pt;">15,250</span></div> </td> <td style="width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 0.51pt; padding-bottom: 0.88pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 1.08pt; text-align: left;">$<span style="padding-left: 7.5pt;">157,146 </span></div> </td> </tr> <tr> <td style="width: 348pt; padding-top: 0.51pt; padding-bottom: 2.13pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; margin-top: 0pt; margin-left: 0pt; text-align: left;">Less: amortization</div> </td> <td style="width: 6.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 0.51pt; padding-bottom: 2.13pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 4.83pt; text-align: left;"><span style="padding-left: 11.67pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">(4,954)</span></div> </td> <td style="width: 6.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 0.51pt; padding-bottom: 2.13pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 1.08pt; text-align: left;"><span style="padding-left: 14.17pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">(23,544)</span><span style="padding-bottom: 1.5pt;"> </span></div> </td> </tr> <tr> <td style="width: 348pt; padding-top: 1.76pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 10pt; text-align: left;">Property and equipment, net</div> </td> <td style="width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.76pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 4.83pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$</span><span style="padding-left: 5pt; border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">10,296</span></div> </td> <td style="width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.76pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 1.08pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$</span><span style="padding-left: 7.5pt; border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">133,602 </span></div> </td> </tr> <tr class="BRDSX_boxspacer"> <td style="height: 2.75pt; width: 348pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 47.16pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 47.16pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> </tr> </table> <table cellpadding="0" cellspacing="0" class="BRDSX_fintab" style="margin-top: 4pt; width: 468pt; margin-left: auto; margin-right: auto; border-spacing: 0;"> <tr class="BRDSX_boxspacer"> <td style="height: 6pt; width: 348pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 6.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 6.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 47.16pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 6.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 6.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 47.16pt;"> <div style="font-size: 1pt;"> </div> </td> </tr> <tr class="BRDSX_header"> <td style="width: 348pt; padding-bottom: 1.88pt; text-align: left; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"> </div> </td> <td style="width: 6.42pt; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.42pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-bottom: 1.88pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">December 31, </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2023</div> </td> <td style="width: 6.42pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.42pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-bottom: 1.88pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">December 31, </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2024 </div> </td> </tr> <tr> <td style="width: 348pt; padding-top: 1.51pt; padding-bottom: 0.88pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Finance lease liabilities, current</div> </td> <td style="width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.51pt; padding-bottom: 0.88pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 9.83pt; text-align: left;">$3,534</div> </td> <td style="width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.51pt; padding-bottom: 0.88pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 7.33pt; text-align: left;">$57,801 </div> </td> </tr> <tr> <td style="width: 348pt; padding-top: 0.51pt; padding-bottom: 2.13pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Finance lease liabilities, non-current</div> </td> <td style="width: 6.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 0.51pt; padding-bottom: 2.13pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 9.83pt; text-align: left;"><span style="padding-left: 12.5pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">510 </span></div> </td> <td style="width: 6.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 0.51pt; padding-bottom: 2.13pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 7.33pt; text-align: left;"><span style="padding-left: 5pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">34,120 </span></div> </td> </tr> <tr> <td style="width: 348pt; padding-top: 1.76pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 10pt; text-align: left;">Total finance lease liabilities</div> </td> <td style="width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.76pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 9.83pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$4,044</span></div> </td> <td style="width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.76pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 7.33pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$91,921</span></div> </td> </tr> <tr class="BRDSX_boxspacer"> <td style="height: 2.75pt; width: 348pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 47.16pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 47.16pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> </tr> </table> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 13.75pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">Supplemental consolidated cash flow and other information related to leases for the years ended December 31, 2022, 2023, and 2024 were as follows (in thousands): </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: left;"> <br/></div> <table cellpadding="0" cellspacing="0" class="BRDSX_fintab" style="width: 468pt; margin-left: auto; margin-right: auto; border-spacing: 0;"> <tr class="BRDSX_boxspacer"> <td style="height: 6pt; width: 336pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 5.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 5.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td colspan="7" style="height: 6pt; width: 120.5pt;"> <div style="font-size: 1pt;"> </div> </td> </tr> <tr class="BRDSX_header"> <td style="width: 336pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"> </div> </td> <td style="width: 5.75pt; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.75pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td colspan="7" style="width: 120.5pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Year Ended December 31, </div> </td> </tr> <tr class="BRDSX_header"> <td style="width: 336pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"> </div> </td> <td style="width: 5.75pt; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.75pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 27.5pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2022</div> </td> <td style="width: 5.75pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.75pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 32.5pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2023</div> </td> <td style="width: 5.75pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.75pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2024 </div> </td> </tr> <tr> <td style="width: 336pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Cash paid for amounts included in the measurement of lease liabilities: </div> </td> <td style="width: 5.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 27.5pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 5.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 32.5pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 5.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> </tr> <tr> <td style="width: 336pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;">Operating cash flows from operating leases</div> </td> <td style="width: 5.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 27.5pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">$<span style="padding-left: 7.5pt;">456</span></div> </td> <td style="width: 5.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 32.5pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">$30,381</div> </td> <td style="width: 5.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">$253,285 </div> </td> </tr> <tr> <td style="width: 336pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;">Operating cash flows from finance leases</div> </td> <td style="width: 5.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 27.5pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 12.5pt;">903</span></div> </td> <td style="width: 5.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 32.5pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 17.5pt;">868</span></div> </td> <td style="width: 5.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 15pt;">8,709 </span></div> </td> </tr> <tr> <td style="width: 336pt; padding-top: 1.01pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;">Financing cash flows from finance leases</div> </td> <td style="width: 5.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 27.5pt; padding-top: 1.01pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 5pt;">3,840</span></div> </td> <td style="width: 5.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 32.5pt; padding-top: 1.01pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 10pt;">7,606</span></div> </td> <td style="width: 5.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 1.01pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 10pt;">54,052</span></div> </td> </tr> <tr class="BRDSX_boxspacer"> <td style="height: 2.75pt; width: 336pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 5.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 5.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 27.5pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 5.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 5.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 32.5pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 5.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 5.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 37.5pt;"> <div style="font-size: 1pt;"> </div> </td> </tr> </table> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">Information relating to the lease term and discount rate for the years ended December 31, 2022, 2023, and 2024 were as follows: </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: left;"> <br/></div> <table cellpadding="0" cellspacing="0" class="BRDSX_fintab" style="width: 468pt; margin-left: auto; margin-right: auto; border-spacing: 0;"> <tr class="BRDSX_boxspacer"> <td style="height: 6pt; width: 384pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 6pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 6pt;"> <div style="font-size: 1pt;"> </div> </td> <td colspan="7" style="height: 6pt; width: 72pt;"> <div style="font-size: 1pt;"> </div> </td> </tr> <tr class="BRDSX_header"> <td style="width: 384pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"> </div> </td> <td style="width: 6pt; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td colspan="7" style="width: 72pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Year Ended </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">December 31, </div> </td> </tr> <tr class="BRDSX_header"> <td style="width: 384pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"> </div> </td> <td style="width: 6pt; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 16pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2022</div> </td> <td style="width: 6pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 16pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2023</div> </td> <td style="width: 6pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 16pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2024 </div> </td> </tr> <tr> <td style="width: 384pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Weighted-average remaining lease term (in years): </div> </td> <td style="width: 6pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 16pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 6pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 16pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 6pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 16pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> </tr> <tr> <td style="width: 384pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;">Operating leases</div> </td> <td style="width: 6pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3pt; text-align: left;"><span style="padding-left: 5pt;">6</span></div> </td> <td style="width: 6pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3pt; text-align: left;"><span style="padding-left: 5pt;">8</span></div> </td> <td style="width: 6pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3pt; text-align: left;"><span style="padding-left: 5pt;">9 </span></div> </td> </tr> <tr> <td style="width: 384pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;">Finance leases</div> </td> <td style="width: 6pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3pt; text-align: left;"><span style="padding-left: 5pt;">2</span></div> </td> <td style="width: 6pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3pt; text-align: left;"><span style="padding-left: 5pt;">1</span></div> </td> <td style="width: 6pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3pt; text-align: left;"><span style="padding-left: 5pt;">2 </span></div> </td> </tr> <tr> <td style="width: 384pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Weighted-average discount rate: </div> </td> <td style="width: 6pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 6pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 6pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> </tr> <tr> <td style="width: 384pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;">Operating leases</div> </td> <td style="width: 6pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3pt; text-align: left;">12%</div> </td> <td style="width: 6pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3pt; text-align: left;">12%</div> </td> <td style="width: 6pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3pt; text-align: left;">12% </div> </td> </tr> <tr> <td style="width: 384pt; padding-top: 1.01pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;">Finance leases</div> </td> <td style="width: 6pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 16pt; padding-top: 1.01pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3pt; text-align: left;"><span style="padding-left: 0.37pt;">11%</span></div> </td> <td style="width: 6pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 16pt; padding-top: 1.01pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3pt; text-align: left;"><span style="padding-left: 0.37pt;">11%</span></div> </td> <td style="width: 6pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 16pt; padding-top: 1.01pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3pt; text-align: left;"><span style="padding-left: 0.37pt;">11%</span></div> </td> </tr> <tr class="BRDSX_boxspacer"> <td style="height: 2.75pt; width: 384pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 6pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 6pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 16pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 6pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 6pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 16pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 6pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 6pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 16pt;"> <div style="font-size: 1pt;"> </div> </td> </tr> </table> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">The future lease payments included in the measurement of the Company’s operating lease liabilities and finance lease liabilities as of December 31, 2024, were as follows (in thousands): </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: left;"> <br/></div> <table cellpadding="0" cellspacing="0" class="BRDSX_fintab" style="width: 468pt; margin-left: auto; margin-right: auto; border-spacing: 0;"> <tr class="BRDSX_boxspacer"> <td style="height: 6pt; width: 360pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 6.79pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 6.79pt;"> <div style="font-size: 1pt;"> </div> </td> <td colspan="4" style="height: 6pt; width: 94.41pt;"> <div style="font-size: 1pt;"> </div> </td> </tr> <tr class="BRDSX_header"> <td style="width: 360pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"> </div> </td> <td style="width: 6.79pt; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.79pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td colspan="4" style="width: 94.41pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Future Payments </div> </td> </tr> <tr class="BRDSX_header"> <td style="width: 360pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;">Years Ending December 31,</div> </td> <td style="width: 6.79pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.79pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 48.33pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Operating </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Leases</div> </td> <td style="width: 6.79pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.79pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 32.5pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Finance </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Leases </div> </td> </tr> <tr> <td style="width: 360pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">2025</div> </td> <td style="width: 6.79pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.79pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 48.33pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0.01pt; text-align: left;">$<span style="padding-left: 10.83pt;">507,855</span></div> </td> <td style="width: 6.79pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.79pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 32.5pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -0.01pt; text-align: left;">$64,267 </div> </td> </tr> <tr> <td style="width: 360pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">2026</div> </td> <td style="width: 6.79pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.79pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 48.33pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0.01pt; text-align: left;"><span style="padding-left: 15.83pt;">525,805</span></div> </td> <td style="width: 6.79pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.79pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 32.5pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -0.01pt; text-align: left;"><span style="padding-left: 5pt;">35,000 </span></div> </td> </tr> <tr> <td style="width: 360pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">2027</div> </td> <td style="width: 6.79pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.79pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 48.33pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0.01pt; text-align: left;"><span style="padding-left: 15.83pt;">538,988</span></div> </td> <td style="width: 6.79pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.79pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 32.5pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -0.01pt; text-align: left;"><span style="padding-left: 22.5pt;">— </span></div> </td> </tr> <tr> <td style="width: 360pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">2028</div> </td> <td style="width: 6.79pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.79pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 48.33pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0.01pt; text-align: left;"><span style="padding-left: 15.83pt;">544,028</span></div> </td> <td style="width: 6.79pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.79pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 32.5pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -0.01pt; text-align: left;"><span style="padding-left: 22.5pt;">— </span></div> </td> </tr> <tr> <td style="width: 360pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">2029</div> </td> <td style="width: 6.79pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.79pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 48.33pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0.01pt; text-align: left;"><span style="padding-left: 15.83pt;">475,670</span></div> </td> <td style="width: 6.79pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.79pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 32.5pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -0.01pt; text-align: left;"><span style="padding-left: 22.5pt;">— </span></div> </td> </tr> <tr> <td style="width: 360pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Thereafter</div> </td> <td style="width: 6.79pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.79pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 48.33pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0.01pt; text-align: left;"><span style="padding-left: 8.33pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">1,775,509</span></div> </td> <td style="width: 6.79pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.79pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 32.5pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -0.01pt; text-align: left;"><span style="padding-left: 22.5pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">— </span></div> </td> </tr> <tr> <td style="width: 360pt; padding-top: 2.26pt; padding-bottom: 2.63pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Total undiscounted lease payments</div> </td> <td style="width: 6.79pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.79pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 48.33pt; padding-top: 2.26pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0.01pt; text-align: left;"><span style="padding-left: 8.33pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">4,367,855</span></div> </td> <td style="width: 6.79pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.79pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 32.5pt; padding-top: 2.26pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -0.01pt; text-align: left;"><span style="padding-left: 5pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">99,267 </span></div> </td> </tr> <tr> <td style="width: 360pt; padding-top: 2.26pt; padding-bottom: 2.63pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; margin-top: 0pt; margin-left: 0pt; text-align: left;">Less: imputed interest</div> </td> <td style="width: 6.79pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.79pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 48.33pt; padding-top: 2.26pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0.01pt; text-align: left;"><span style="padding-left: 5pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">(1,765,839)</span> </div> </td> <td style="width: 6.79pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.79pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 32.5pt; padding-top: 2.26pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -0.01pt; text-align: left;"><span style="padding-left: 6.67pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">(7,346)</span><span style="padding-bottom: 1.5pt;"> </span></div> </td> </tr> <tr> <td style="width: 360pt; padding-top: 2.26pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 10pt; text-align: left;">Present value of lease liabilities</div> </td> <td style="width: 6.79pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.79pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 48.33pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0.01pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$</span><span style="padding-left: 3.33pt; border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">2,602,016</span></div> </td> <td style="width: 6.79pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.79pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 32.5pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -0.01pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$91,921</span></div> </td> </tr> <tr class="BRDSX_boxspacer"> <td style="height: 2.75pt; width: 360pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 6.79pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 6.79pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 48.33pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 6.79pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 6.79pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 32.5pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> </tr> </table> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">The Company incurred interest expense on its finance leases of $1 million, $1 million, and $9 million for the years ended December 31, 2022, 2023, and 2024, respectively. </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">As of December 31, 2024, the Company executed additional lease agreements, primarily for data centers and office buildings, that had not yet commenced. The aggregate amount of estimated future undiscounted lease payments associated with such leases is $15.0 billion. These leases will commence between 2025 and 2026 with estimated lease terms of <span style="-sec-ix-hidden:Fact_a294f9c9e90146b1881deadd7c04a27f">five</span> to sixteen years. </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6.75pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">As of December 31, 2024, the Company had additional lease agreements for various data center locations with commencement dates subject to regulatory approvals and completion of landlord improvements. The Company may be required to make fixed lease payments up to $1.1 billion over the next seventeen years. The Company will assess the lease classification upon lease commencement. </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">Additionally, in August 2024, the Company entered into a lease agreement for various buildings located at a single site intended to be used as data centers. The agreement provides access to 50 MW of electrical power, which is expected to be delivered in phases between the fourth quarter of 2025 and the fourth quarter of 2026. The Company will pay a portion of the construction costs incurred by the lessor during the construction period and during the lease term, which are considered variable lease payments. The Company will assess the lease classification upon lease commencement, estimated to be in 2027. </div>

P10Y

P15Y

P10Y

P2Y

<div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">The components of total lease cost related to leases for the years ended December 31, 2022, 2023, and 2024 were as follows (in thousands): </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: left;"> <br/></div> <table cellpadding="0" cellspacing="0" class="BRDSX_fintab" style="width: 468pt; margin-left: auto; margin-right: auto; border-spacing: 0;"> <tr class="BRDSX_boxspacer"> <td style="height: 6pt; width: 336pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 5.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 5.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td colspan="7" style="height: 6pt; width: 120.5pt;"> <div style="font-size: 1pt;"> </div> </td> </tr> <tr class="BRDSX_header"> <td style="width: 336pt; padding-bottom: 1.88pt; text-align: left; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"> </div> </td> <td style="width: 5.75pt; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.75pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td colspan="7" style="width: 120.5pt; padding-bottom: 1.88pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Year Ended </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">December 31, </div> </td> </tr> <tr class="BRDSX_header"> <td style="width: 336pt; padding-top: 1.58pt; padding-bottom: 1.88pt; text-align: left; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"> </div> </td> <td style="width: 5.75pt; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.75pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 27.5pt; padding-top: 1.58pt; padding-bottom: 1.88pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2022</div> </td> <td style="width: 5.75pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.75pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 32.5pt; padding-top: 1.58pt; padding-bottom: 1.88pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2023</div> </td> <td style="width: 5.75pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.75pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 1.58pt; padding-bottom: 1.88pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2024 </div> </td> </tr> <tr> <td style="width: 336pt; padding-top: 1.51pt; padding-bottom: 0.88pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;">Operating lease cost: </div> </td> <td style="width: 5.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 27.5pt; padding-top: 1.51pt; padding-bottom: 0.88pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 5.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 32.5pt; padding-top: 1.51pt; padding-bottom: 0.88pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 5.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 1.51pt; padding-bottom: 0.88pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> </tr> <tr> <td style="width: 336pt; padding-top: 0.51pt; padding-bottom: 2.13pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Operating lease cost</div> </td> <td style="width: 5.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 27.5pt; padding-top: 0.51pt; padding-bottom: 2.13pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">$</span><span style="padding-left: 7.5pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">236</span></div> </td> <td style="width: 5.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 32.5pt; padding-top: 0.51pt; padding-bottom: 2.13pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">$41,515</span></div> </td> <td style="width: 5.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 0.51pt; padding-bottom: 2.13pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">$288,628 </span></div> </td> </tr> <tr> <td style="width: 336pt; padding-top: 1.76pt; padding-bottom: 0.88pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;">Finance lease cost: </div> </td> <td style="width: 5.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 27.5pt; padding-top: 1.76pt; padding-bottom: 0.88pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 5.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 32.5pt; padding-top: 1.76pt; padding-bottom: 0.88pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 5.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 1.76pt; padding-bottom: 0.88pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> </tr> <tr> <td style="width: 336pt; padding-top: 0.51pt; padding-bottom: 0.88pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;">Amortization of ROU assets</div> </td> <td style="width: 5.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 27.5pt; padding-top: 0.51pt; padding-bottom: 0.88pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">$1,904</div> </td> <td style="width: 5.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 32.5pt; padding-top: 0.51pt; padding-bottom: 0.88pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">$<span style="padding-left: 5pt;">3,050</span></div> </td> <td style="width: 5.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 0.51pt; padding-bottom: 0.88pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">$<span style="padding-left: 5pt;">18,565 </span></div> </td> </tr> <tr> <td style="width: 336pt; padding-top: 0.51pt; padding-bottom: 2.13pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;">Interest on lease liabilities</div> </td> <td style="width: 5.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 27.5pt; padding-top: 0.51pt; padding-bottom: 2.13pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 12.5pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">903</span></div> </td> <td style="width: 5.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 32.5pt; padding-top: 0.51pt; padding-bottom: 2.13pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 17.5pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">868</span></div> </td> <td style="width: 5.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 0.51pt; padding-bottom: 2.13pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 15pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">8,709 </span></div> </td> </tr> <tr> <td style="width: 336pt; padding-top: 1.76pt; padding-bottom: 2.13pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 20pt; text-align: left;">Total finance lease cost</div> </td> <td style="width: 5.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 27.5pt; padding-top: 1.76pt; padding-bottom: 2.13pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">$2,807</span></div> </td> <td style="width: 5.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 32.5pt; padding-top: 1.76pt; padding-bottom: 2.13pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">$</span><span style="padding-left: 5pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">3,918</span></div> </td> <td style="width: 5.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 1.76pt; padding-bottom: 2.13pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">$</span><span style="padding-left: 5pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">27,274 </span></div> </td> </tr> <tr> <td style="width: 336pt; padding-top: 1.76pt; padding-bottom: 2.13pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;">Variable lease cost</div> </td> <td style="width: 5.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 27.5pt; padding-top: 1.76pt; padding-bottom: 2.13pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">$</span><span style="padding-left: 7.5pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">370</span></div> </td> <td style="width: 5.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 32.5pt; padding-top: 1.76pt; padding-bottom: 2.13pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">$16,028</span></div> </td> <td style="width: 5.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 1.76pt; padding-bottom: 2.13pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">$</span><span style="padding-left: 5pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">54,633 </span></div> </td> </tr> <tr> <td style="width: 336pt; padding-top: 1.76pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;">Total lease cost</div> </td> <td style="width: 5.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 27.5pt; padding-top: 1.76pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$3,413</span></div> </td> <td style="width: 5.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 32.5pt; padding-top: 1.76pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$61,461</span></div> </td> <td style="width: 5.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 1.76pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$370,535</span></div> </td> </tr> <tr class="BRDSX_boxspacer"> <td style="height: 2.75pt; width: 336pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 5.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 5.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 27.5pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 5.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 5.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 32.5pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 5.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 5.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 37.5pt;"> <div style="font-size: 1pt;"> </div> </td> </tr> </table>

236000

41515000

288628000

1904000

3050000

18565000

903000

868000

8709000

2807000 3918000 27274000

370000

16028000

54633000

3413000

61461000

370535000

<div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;">Supplemental consolidated balance sheet information related to leases were as follows (in thousands): </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: left;"> <br/></div> <table cellpadding="0" cellspacing="0" class="BRDSX_fintab" style="width: 468pt; margin-left: auto; margin-right: auto; border-spacing: 0;"> <tr class="BRDSX_boxspacer"> <td style="height: 6pt; width: 348pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 6.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 6.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 47.16pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 6.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 6.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 47.16pt;"> <div style="font-size: 1pt;"> </div> </td> </tr> <tr class="BRDSX_header"> <td style="width: 348pt; padding-bottom: 1.88pt; text-align: left; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"> </div> </td> <td style="width: 6.42pt; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.42pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-bottom: 1.88pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">December 31, </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2023</div> </td> <td style="width: 6.42pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.42pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-bottom: 1.88pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">December 31, </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2024 </div> </td> </tr> <tr> <td style="width: 348pt; padding-top: 1.51pt; padding-bottom: 0.88pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;">Operating leases: </div> </td> <td style="width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.51pt; padding-bottom: 0.88pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.51pt; padding-bottom: 0.88pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> </tr> <tr> <td style="width: 348pt; padding-top: 0.51pt; padding-bottom: 3.13pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;">Operating lease ROU assets</div> </td> <td style="width: 6.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 0.51pt; padding-bottom: 3.13pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 4.83pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$461,966</span></div> </td> <td style="width: 6.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 0.51pt; padding-bottom: 3.13pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 1.08pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$2,589,547 </span></div> </td> </tr> <tr> <td style="width: 348pt; padding-top: 2.76pt; padding-bottom: 0.88pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Operating lease liabilities, current</div> </td> <td style="width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 2.76pt; padding-bottom: 0.88pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 4.83pt; text-align: left;">$<span style="padding-left: 5pt;">39,789</span></div> </td> <td style="width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 2.76pt; padding-bottom: 0.88pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 1.08pt; text-align: left;">$<span style="padding-left: 7.5pt;">213,104 </span></div> </td> </tr> <tr> <td style="width: 348pt; padding-top: 0.51pt; padding-bottom: 2.13pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Operating lease liabilities, non-current</div> </td> <td style="width: 6.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 0.51pt; padding-bottom: 2.13pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 4.83pt; text-align: left;"><span style="padding-left: 5pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">432,653</span></div> </td> <td style="width: 6.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 0.51pt; padding-bottom: 2.13pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 1.08pt; text-align: left;"><span style="padding-left: 5pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">2,388,912 </span></div> </td> </tr> <tr> <td style="width: 348pt; padding-top: 1.76pt; padding-bottom: 3.13pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 10pt; text-align: left;">Total operating lease liabilities</div> </td> <td style="width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.76pt; padding-bottom: 3.13pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 4.83pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$472,442</span></div> </td> <td style="width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.76pt; padding-bottom: 3.13pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 1.08pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$2,602,016 </span></div> </td> </tr> <tr> <td style="width: 348pt; padding-top: 2.76pt; padding-bottom: 0.88pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;">Finance leases: </div> </td> <td style="width: 6.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 2.76pt; padding-bottom: 0.88pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 6.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 2.76pt; padding-bottom: 0.88pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> </tr> <tr> <td style="width: 348pt; padding-top: 0.51pt; padding-bottom: 0.88pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Property and equipment</div> </td> <td style="width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 0.51pt; padding-bottom: 0.88pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 4.83pt; text-align: left;">$<span style="padding-left: 5pt;">15,250</span></div> </td> <td style="width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 0.51pt; padding-bottom: 0.88pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 1.08pt; text-align: left;">$<span style="padding-left: 7.5pt;">157,146 </span></div> </td> </tr> <tr> <td style="width: 348pt; padding-top: 0.51pt; padding-bottom: 2.13pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; margin-top: 0pt; margin-left: 0pt; text-align: left;">Less: amortization</div> </td> <td style="width: 6.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 0.51pt; padding-bottom: 2.13pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 4.83pt; text-align: left;"><span style="padding-left: 11.67pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">(4,954)</span></div> </td> <td style="width: 6.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 0.51pt; padding-bottom: 2.13pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 1.08pt; text-align: left;"><span style="padding-left: 14.17pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">(23,544)</span><span style="padding-bottom: 1.5pt;"> </span></div> </td> </tr> <tr> <td style="width: 348pt; padding-top: 1.76pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 10pt; text-align: left;">Property and equipment, net</div> </td> <td style="width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.76pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 4.83pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$</span><span style="padding-left: 5pt; border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">10,296</span></div> </td> <td style="width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.76pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 1.08pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$</span><span style="padding-left: 7.5pt; border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">133,602 </span></div> </td> </tr> <tr class="BRDSX_boxspacer"> <td style="height: 2.75pt; width: 348pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 47.16pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 47.16pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> </tr> </table> <table cellpadding="0" cellspacing="0" class="BRDSX_fintab" style="margin-top: 4pt; width: 468pt; margin-left: auto; margin-right: auto; border-spacing: 0;"> <tr class="BRDSX_boxspacer"> <td style="height: 6pt; width: 348pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 6.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 6.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 47.16pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 6.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 6.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 47.16pt;"> <div style="font-size: 1pt;"> </div> </td> </tr> <tr class="BRDSX_header"> <td style="width: 348pt; padding-bottom: 1.88pt; text-align: left; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"> </div> </td> <td style="width: 6.42pt; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.42pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-bottom: 1.88pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">December 31, </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2023</div> </td> <td style="width: 6.42pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.42pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-bottom: 1.88pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">December 31, </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2024 </div> </td> </tr> <tr> <td style="width: 348pt; padding-top: 1.51pt; padding-bottom: 0.88pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Finance lease liabilities, current</div> </td> <td style="width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.51pt; padding-bottom: 0.88pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 9.83pt; text-align: left;">$3,534</div> </td> <td style="width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.51pt; padding-bottom: 0.88pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 7.33pt; text-align: left;">$57,801 </div> </td> </tr> <tr> <td style="width: 348pt; padding-top: 0.51pt; padding-bottom: 2.13pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Finance lease liabilities, non-current</div> </td> <td style="width: 6.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 0.51pt; padding-bottom: 2.13pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 9.83pt; text-align: left;"><span style="padding-left: 12.5pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">510 </span></div> </td> <td style="width: 6.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 0.51pt; padding-bottom: 2.13pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 7.33pt; text-align: left;"><span style="padding-left: 5pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">34,120 </span></div> </td> </tr> <tr> <td style="width: 348pt; padding-top: 1.76pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 10pt; text-align: left;">Total finance lease liabilities</div> </td> <td style="width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.76pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 9.83pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$4,044</span></div> </td> <td style="width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.76pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 7.33pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$91,921</span></div> </td> </tr> <tr class="BRDSX_boxspacer"> <td style="height: 2.75pt; width: 348pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 47.16pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 47.16pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> </tr> </table> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 13.75pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">Supplemental consolidated cash flow and other information related to leases for the years ended December 31, 2022, 2023, and 2024 were as follows (in thousands): </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: left;"> <br/></div> <table cellpadding="0" cellspacing="0" class="BRDSX_fintab" style="width: 468pt; margin-left: auto; margin-right: auto; border-spacing: 0;"> <tr class="BRDSX_boxspacer"> <td style="height: 6pt; width: 336pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 5.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 5.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td colspan="7" style="height: 6pt; width: 120.5pt;"> <div style="font-size: 1pt;"> </div> </td> </tr> <tr class="BRDSX_header"> <td style="width: 336pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"> </div> </td> <td style="width: 5.75pt; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.75pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td colspan="7" style="width: 120.5pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Year Ended December 31, </div> </td> </tr> <tr class="BRDSX_header"> <td style="width: 336pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"> </div> </td> <td style="width: 5.75pt; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.75pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 27.5pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2022</div> </td> <td style="width: 5.75pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.75pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 32.5pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2023</div> </td> <td style="width: 5.75pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.75pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2024 </div> </td> </tr> <tr> <td style="width: 336pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Cash paid for amounts included in the measurement of lease liabilities: </div> </td> <td style="width: 5.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 27.5pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 5.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 32.5pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 5.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> </tr> <tr> <td style="width: 336pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;">Operating cash flows from operating leases</div> </td> <td style="width: 5.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 27.5pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">$<span style="padding-left: 7.5pt;">456</span></div> </td> <td style="width: 5.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 32.5pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">$30,381</div> </td> <td style="width: 5.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">$253,285 </div> </td> </tr> <tr> <td style="width: 336pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;">Operating cash flows from finance leases</div> </td> <td style="width: 5.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 27.5pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 12.5pt;">903</span></div> </td> <td style="width: 5.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 32.5pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 17.5pt;">868</span></div> </td> <td style="width: 5.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 15pt;">8,709 </span></div> </td> </tr> <tr> <td style="width: 336pt; padding-top: 1.01pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;">Financing cash flows from finance leases</div> </td> <td style="width: 5.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 27.5pt; padding-top: 1.01pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 5pt;">3,840</span></div> </td> <td style="width: 5.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 32.5pt; padding-top: 1.01pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 10pt;">7,606</span></div> </td> <td style="width: 5.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 1.01pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 10pt;">54,052</span></div> </td> </tr> <tr class="BRDSX_boxspacer"> <td style="height: 2.75pt; width: 336pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 5.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 5.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 27.5pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 5.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 5.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 32.5pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 5.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 5.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 37.5pt;"> <div style="font-size: 1pt;"> </div> </td> </tr> </table> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">Information relating to the lease term and discount rate for the years ended December 31, 2022, 2023, and 2024 were as follows: </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: left;"> <br/></div> <table cellpadding="0" cellspacing="0" class="BRDSX_fintab" style="width: 468pt; margin-left: auto; margin-right: auto; border-spacing: 0;"> <tr class="BRDSX_boxspacer"> <td style="height: 6pt; width: 384pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 6pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 6pt;"> <div style="font-size: 1pt;"> </div> </td> <td colspan="7" style="height: 6pt; width: 72pt;"> <div style="font-size: 1pt;"> </div> </td> </tr> <tr class="BRDSX_header"> <td style="width: 384pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"> </div> </td> <td style="width: 6pt; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td colspan="7" style="width: 72pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Year Ended </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">December 31, </div> </td> </tr> <tr class="BRDSX_header"> <td style="width: 384pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"> </div> </td> <td style="width: 6pt; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 16pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2022</div> </td> <td style="width: 6pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 16pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2023</div> </td> <td style="width: 6pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 16pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2024 </div> </td> </tr> <tr> <td style="width: 384pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Weighted-average remaining lease term (in years): </div> </td> <td style="width: 6pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 16pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 6pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 16pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 6pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 16pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> </tr> <tr> <td style="width: 384pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;">Operating leases</div> </td> <td style="width: 6pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3pt; text-align: left;"><span style="padding-left: 5pt;">6</span></div> </td> <td style="width: 6pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3pt; text-align: left;"><span style="padding-left: 5pt;">8</span></div> </td> <td style="width: 6pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3pt; text-align: left;"><span style="padding-left: 5pt;">9 </span></div> </td> </tr> <tr> <td style="width: 384pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;">Finance leases</div> </td> <td style="width: 6pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3pt; text-align: left;"><span style="padding-left: 5pt;">2</span></div> </td> <td style="width: 6pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3pt; text-align: left;"><span style="padding-left: 5pt;">1</span></div> </td> <td style="width: 6pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3pt; text-align: left;"><span style="padding-left: 5pt;">2 </span></div> </td> </tr> <tr> <td style="width: 384pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Weighted-average discount rate: </div> </td> <td style="width: 6pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 6pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 6pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> </tr> <tr> <td style="width: 384pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;">Operating leases</div> </td> <td style="width: 6pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3pt; text-align: left;">12%</div> </td> <td style="width: 6pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3pt; text-align: left;">12%</div> </td> <td style="width: 6pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3pt; text-align: left;">12% </div> </td> </tr> <tr> <td style="width: 384pt; padding-top: 1.01pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;">Finance leases</div> </td> <td style="width: 6pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 16pt; padding-top: 1.01pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3pt; text-align: left;"><span style="padding-left: 0.37pt;">11%</span></div> </td> <td style="width: 6pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 16pt; padding-top: 1.01pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3pt; text-align: left;"><span style="padding-left: 0.37pt;">11%</span></div> </td> <td style="width: 6pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 16pt; padding-top: 1.01pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3pt; text-align: left;"><span style="padding-left: 0.37pt;">11%</span></div> </td> </tr> <tr class="BRDSX_boxspacer"> <td style="height: 2.75pt; width: 384pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 6pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 6pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 16pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 6pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 6pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 16pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 6pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 6pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 16pt;"> <div style="font-size: 1pt;"> </div> </td> </tr> </table>

461966000

2589547000

39789000

213104000

432653000

2388912000

472442000

2602016000

15250000

157146000

4954000

23544000

10296000

133602000

3534000

57801000

510000

34120000

4044000

91921000

456000

30381000

253285000

903000

868000

8709000

3840000

7606000

54052000

P6Y

P8Y

P9Y

P2Y

P1Y

P2Y

0.12

0.11

507855000

64267000

525805000

35000000

538988000

544028000

475670000

1775509000

4367855000

99267000

1765839000

7346000

2602016000

91921000

1000000

9000000

15000000000

P16Y

1100000000

P17Y

<div class="BRDSX_h2" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 20.5pt; margin-left: 0pt; text-align: left;">9. Commitments and Contingencies </div> <div class="BRDSX_h3" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; font-weight: bold; margin-top: 7.5pt; margin-left: 20pt; text-align: left;">Letters of Credit </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">As of December 31, 2023 and 2024, the Company had outstanding Letters of Credit (“LOC”) in the aggregate amount of $174 million and $533 million, respectively. These LOC guarantee the Company’s ability to fulfill its lease obligations, per the lease agreements. As of December 31, 2023 and 2024, the Company has not drawn on any of its LOC and is in compliance with the terms and conditions set forth by the financial institution. These LOC renew annually and expire on various dates through 2041. </div> <div class="BRDSX_h3" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; font-weight: bold; margin-top: 20.5pt; margin-left: 20pt; text-align: left;">Employee Benefit Plan </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">For the years ended December 31, 2022, 2023, and 2024, the Company contributed $0 million, $1 million, and $3 million, respectively, to the 401(k) Plan, which are allocated to cost of revenue, technology and infrastructure, sales and marketing, and general and administrative expenses in the consolidated statements of operations. </div> <div class="BRDSX_h3" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; font-weight: bold; margin-top: 20.5pt; margin-left: 20pt; text-align: left;">Indemnifications </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">The Company enters into indemnification provisions under certain agreements with other parties in the ordinary course of business. In its customer agreements, the Company has agreed to indemnify, defend, and hold harmless the indemnified party for third party claims and related losses suffered or incurred by the indemnified party from actual or threatened third-party intellectual property infringement claims. For certain large or strategic customers, the Company has agreed to indemnify, defend, and hold harmless the indemnified party for noncompliance with certain additional representations and warranties made by the Company. In addition, the Company indemnifies its officers, directors, and certain key employees while they are serving in good faith in their respective capacities. </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">While the Company has entered into various indemnification agreements, it has not incurred any material costs or claims under these agreements to date, and management does not expect any future claims to have a material adverse effect on the Company’s financial position or results of operations. It is not possible to determine the maximum potential amount under these indemnification provisions due to the Company’s limited history of prior indemnification claims and the unique facts and circumstances involved in each particular provision. To date, there have been no claims under any indemnification provisions. </div> <div class="BRDSX_h3" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; font-weight: bold; margin-top: 20.5pt; margin-left: 20pt; text-align: left;">Litigation </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">From time to time, the Company may be subject to various proceedings, lawsuits, disputes, or claims in the ordinary course of business. The Company investigates these claims as they arise. Although claims are inherently unpredictable, the Company is currently not aware of any matters that would, individually or taken together, have a material adverse effect on its business, financial position, results of operations, or cash flows. As of December 31, 2023 and 2024, the Company has not accrued any material potential loss. </div>

174000000

533000000

1000000

3000000

<div class="BRDSX_h2" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 6.75pt; margin-left: 0pt; text-align: left;">10. Debt </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 7.5pt; margin-left: 0pt; text-indent: 20pt; text-align: left;">The total debt obligations are as follows (in thousands): </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: left;"> <br/></div> <table cellpadding="0" cellspacing="0" class="BRDSX_fintab" style="width: 468pt; margin-left: auto; margin-right: auto; border-spacing: 0;"> <tr class="BRDSX_boxspacer"> <td style="height: 6pt; width: 168pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 4.47pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 4.47pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 125.79pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 4.47pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 4.47pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 42.95pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 4.47pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 4.47pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 47.16pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 4.47pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 4.47pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 48.33pt;"> <div style="font-size: 1pt;"> </div> </td> </tr> <tr class="BRDSX_header"> <td style="width: 168pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"> </div> </td> <td style="width: 4.47pt; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.47pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 125.79pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Maturities</div> </td> <td style="width: 4.47pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.47pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 42.95pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Effective </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Interest </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Rates</div> </td> <td style="width: 4.47pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.47pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">December 31, </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2023</div> </td> <td style="width: 4.47pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.47pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 48.33pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">December 31, </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2024 </div> </td> </tr> <tr> <td style="width: 168pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">2021 Convertible Senior Secured Notes</div> </td> <td style="width: 4.47pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.47pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 125.79pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; text-align: center;">October 2025</div> </td> <td style="width: 4.47pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.47pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 42.95pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 16.47pt; text-align: left;">17%</div> </td> <td style="width: 4.47pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.47pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 1.08pt; text-align: left;">$<span style="padding-left: 12.5pt;">55,125</span></div> </td> <td style="width: 4.47pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.47pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 48.33pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">$<span style="padding-left: 33.33pt;">— </span></div> </td> </tr> <tr> <td style="width: 168pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">2022 Senior Secured Notes</div> </td> <td style="width: 4.47pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.47pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 125.79pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; text-align: center;">October 2025 – April 2026</div> </td> <td style="width: 4.47pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.47pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 42.95pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 16.47pt; text-align: left;">10%</div> </td> <td style="width: 4.47pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.47pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 1.08pt; text-align: left;"><span style="padding-left: 12.5pt;">125,000</span></div> </td> <td style="width: 4.47pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.47pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 48.33pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 38.33pt;">—</span></div> </td> </tr> <tr> <td style="width: 168pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Delayed Draw Term Loan Facility 1.0</div> </td> <td style="width: 4.47pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.47pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 125.79pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; text-align: center;">March 2028</div> </td> <td style="width: 4.47pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.47pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 42.95pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 16.47pt; text-align: left;">15%</div> </td> <td style="width: 4.47pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.47pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 1.08pt; text-align: left;"><span style="padding-left: 5pt;">1,374,924</span></div> </td> <td style="width: 4.47pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.47pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 48.33pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 8.33pt;">2,012,500</span></div> </td> </tr> <tr> <td style="width: 168pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Delayed Draw Term Loan Facility 2.0</div> </td> <td style="width: 4.47pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.47pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 125.79pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; text-align: center;">May 2029</div> </td> <td style="width: 4.47pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.47pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 42.95pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 16.47pt; text-align: left;"><span style="padding-left: 0.37pt;">11%</span></div> </td> <td style="width: 4.47pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.47pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 1.08pt; text-align: left;"><span style="padding-left: 35pt;">—</span></div> </td> <td style="width: 4.47pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.47pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 48.33pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 8.33pt;">3,843,819</span></div> </td> </tr> <tr> <td style="width: 168pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">2024 Term Loan Facility</div> </td> <td style="width: 4.47pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.47pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 125.79pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; text-align: center;">December 2025</div> </td> <td style="width: 4.47pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.47pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 42.95pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 16.47pt; text-align: left;">12%</div> </td> <td style="width: 4.47pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.47pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 1.08pt; text-align: left;"><span style="padding-left: 35pt;">—</span></div> </td> <td style="width: 4.47pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.47pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 48.33pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 8.33pt;">1,000,000</span></div> </td> </tr> <tr> <td style="width: 168pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-indent: -10pt; text-align: left;">Original Equipment Manufacturer financing arrangements</div> </td> <td style="width: 4.47pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.47pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 125.79pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; text-align: center;">February 2026 – October 2027</div> </td> <td style="width: 4.47pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.47pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 42.95pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; text-align: center;">9% – 11%</div> </td> <td style="width: 4.47pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.47pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 1.08pt; text-align: left;"><span style="padding-left: 35pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">—</span></div> </td> <td style="width: 4.47pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.47pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 48.33pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 8.33pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">1,177,158</span></div> </td> </tr> <tr> <td style="width: 168pt; padding-top: 2.26pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Total principal of debt</div> </td> <td style="width: 4.47pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.47pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 125.79pt; padding-top: 2.26pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 4.47pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.47pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 42.95pt; padding-top: 2.26pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 4.47pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.47pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 2.26pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 1.08pt; text-align: left;"><span style="padding-left: 5pt;">1,555,049</span></div> </td> <td style="width: 4.47pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.47pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 48.33pt; padding-top: 2.26pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 8.33pt;">8,033,477</span></div> </td> </tr> <tr> <td style="width: 168pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; margin-top: 0pt; margin-left: 10pt; text-indent: -10pt; text-align: left;">Less: Unamortized discount and issuance costs</div> </td> <td style="width: 4.47pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.47pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 125.79pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 4.47pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.47pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 42.95pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 4.47pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.47pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 1.08pt; text-align: left;"><span style="padding-left: 14.17pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">(31,795)</span></div> </td> <td style="width: 4.47pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.47pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 48.33pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 12.5pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">(107,137)</span></div> </td> </tr> <tr> <td style="width: 168pt; padding-top: 2.26pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 10pt; text-indent: -10pt; text-align: left;">Total debt, net of unamortized discount and issuance costs</div> </td> <td style="width: 4.47pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.47pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 125.79pt; padding-top: 2.26pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 4.47pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.47pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 42.95pt; padding-top: 2.26pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 4.47pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.47pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 2.26pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 1.08pt; text-align: left;"><span style="padding-left: 5pt;">1,523,254</span></div> </td> <td style="width: 4.47pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.47pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 48.33pt; padding-top: 2.26pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 8.33pt;">7,926,340</span></div> </td> </tr> <tr> <td style="width: 168pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; margin-top: 0pt; margin-left: 0pt; text-align: left;">Less: Debt, current</div> </td> <td style="width: 4.47pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.47pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 125.79pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 4.47pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.47pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 42.95pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 4.47pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.47pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 1.08pt; text-align: left;"><span style="padding-left: 9.17pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">(171,865)</span></div> </td> <td style="width: 4.47pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.47pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 48.33pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 5pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">(2,468,425)</span></div> </td> </tr> <tr> <td style="width: 168pt; padding-top: 2.26pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 10pt; text-align: left;">Total debt, non-current</div> </td> <td style="width: 4.47pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.47pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 125.79pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 4.47pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.47pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 42.95pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 4.47pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.47pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 1.08pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$1,351,389</span></div> </td> <td style="width: 4.47pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.47pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 48.33pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$</span><span style="padding-left: 3.33pt; border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">5,457,915</span></div> </td> </tr> <tr class="BRDSX_boxspacer"> <td style="height: 2.75pt; width: 168pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.47pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.47pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 125.79pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.47pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.47pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 42.95pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.47pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.47pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 47.16pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.47pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.47pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 48.33pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> </tr> </table> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">As of December 31, 2024, the future principal payments for the Company’s total debt were as follows (in thousands): </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: left;"> <br/></div> <table cellpadding="0" cellspacing="0" class="BRDSX_fintab" style="width: 468pt; margin-left: auto; margin-right: auto; border-spacing: 0;"> <tr class="BRDSX_boxspacer"> <td style="height: 6pt; width: 408pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 7.5pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 7.5pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 45pt;"> <div style="font-size: 1pt;"> </div> </td> </tr> <tr class="BRDSX_header"> <td style="width: 408pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;">Years Ending December 31,</div> </td> <td style="width: 7.5pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 7.5pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Amount </div> </td> </tr> <tr> <td style="width: 408pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">2025</div> </td> <td style="width: 7.5pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 7.5pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">$2,483,202 </div> </td> </tr> <tr> <td style="width: 408pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">2026</div> </td> <td style="width: 7.5pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 7.5pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 5pt;">3,102,384</span></div> </td> </tr> <tr> <td style="width: 408pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">2027</div> </td> <td style="width: 7.5pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 7.5pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 5pt;">1,771,071</span></div> </td> </tr> <tr> <td style="width: 408pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">2028</div> </td> <td style="width: 7.5pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 7.5pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 12.5pt;">548,093</span></div> </td> </tr> <tr> <td style="width: 408pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">2029</div> </td> <td style="width: 7.5pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 7.5pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 12.5pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">128,727</span></div> </td> </tr> <tr> <td style="width: 408pt; padding-top: 2.26pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 10pt; text-align: left;">Total</div> </td> <td style="width: 7.5pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 7.5pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$8,033,477</span></div> </td> </tr> <tr class="BRDSX_boxspacer"> <td style="height: 2.75pt; width: 408pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 7.5pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 7.5pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 45pt;"> <div style="font-size: 1pt;"> </div> </td> </tr> </table> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">For the years ended December 31, 2022, 2023, and 2024, total interest expense for the Company’s debt obligations was as follows (in thousands): </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: left;"> <br/></div> <table cellpadding="0" cellspacing="0" class="BRDSX_fintab" style="width: 468pt; margin-left: auto; margin-right: auto; border-spacing: 0;"> <tr class="BRDSX_boxspacer"> <td style="height: 6pt; width: 336pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 4.64pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 4.64pt;"> <div style="font-size: 1pt;"> </div> </td> <td colspan="7" style="height: 6pt; width: 122.72pt;"> <div style="font-size: 1pt;"> </div> </td> </tr> <tr class="BRDSX_header"> <td style="width: 336pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"> </div> </td> <td style="width: 4.64pt; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.64pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td colspan="7" style="width: 122.72pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Year Ended </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">December 31, </div> </td> </tr> <tr class="BRDSX_header"> <td style="width: 336pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"> </div> </td> <td style="width: 4.64pt; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.64pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 27.5pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2022</div> </td> <td style="width: 4.64pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.64pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 35.83pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2023</div> </td> <td style="width: 4.64pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.64pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 40.83pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2024 </div> </td> </tr> <tr> <td style="width: 336pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Contractual interest expense</div> </td> <td style="width: 4.64pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.64pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 27.5pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">$4,914</div> </td> <td style="width: 4.64pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.64pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 35.83pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">$<span style="padding-left: 3.33pt;">30,189</span></div> </td> <td style="width: 4.64pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.64pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 40.83pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">$<span style="padding-left: 3.33pt;">474,844 </span></div> </td> </tr> <tr> <td style="width: 336pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-indent: -10pt; text-align: left;">Amortization of debt discounts and issuance costs and accretion of redemption premiums</div> </td> <td style="width: 4.64pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.64pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 27.5pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 5pt;">3,803</span></div> </td> <td style="width: 4.64pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.64pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 35.83pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 8.33pt;">16,533</span></div> </td> <td style="width: 4.64pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.64pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 40.83pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 13.33pt;">33,376</span></div> </td> </tr> <tr> <td style="width: 336pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">PIK interest</div> </td> <td style="width: 4.64pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.64pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 27.5pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 17.5pt;">—</span></div> </td> <td style="width: 4.64pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.64pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 35.83pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 8.33pt;">21,621</span></div> </td> <td style="width: 4.64pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.64pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 40.83pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 30.83pt;">—</span></div> </td> </tr> <tr> <td style="width: 336pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; margin-top: 0pt; margin-left: 0pt; text-align: left;">Less: capitalized interest</div> </td> <td style="width: 4.64pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.64pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 27.5pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 9.17pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">(343)</span></div> </td> <td style="width: 4.64pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.64pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 35.83pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 5pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">(41,376)</span></div> </td> <td style="width: 4.64pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.64pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 40.83pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 5pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">(159,017)</span></div> </td> </tr> <tr> <td style="width: 336pt; padding-top: 2.26pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 10pt; text-align: left;">Total</div> </td> <td style="width: 4.64pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.64pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 27.5pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$8,374</span></div> </td> <td style="width: 4.64pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.64pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 35.83pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$</span><span style="padding-left: 3.33pt; border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">26,967</span></div> </td> <td style="width: 4.64pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.64pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 40.83pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$</span><span style="padding-left: 3.33pt; border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">349,203</span></div> </td> </tr> <tr class="BRDSX_boxspacer"> <td style="height: 2.75pt; width: 336pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.64pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.64pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 27.5pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.64pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.64pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 35.83pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.64pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.64pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 40.83pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> </tr> </table> <div class="BRDSX_h3" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; font-weight: bold; margin-top: 18.5pt; margin-left: 20pt; text-align: left;">2021 Unsecured Senior Subordinated Convertible Promissory Notes </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">In 2020 and 2021, the Company entered into unsecured bridge loan agreements with various investors, for a total principal amount of $4 million, carrying an annual interest rate of 7.00%. In April 2021, the loans were exchanged, pursuant to the original terms of the agreements, into convertible promissory notes with a principal balance of $4 million, an interest rate of 7.00% per annum, compounded annually, and convertible into shares of stock similar </div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6.75pt; margin-left: 0pt; text-align: justify;">to shares of stock issued in the next round of financing. In April 2023, concurrent with the Series B round of financing, the convertible promissory notes were automatically converted pursuant to the original terms of the conversion feature into 12,484,540 shares of the Company’s Series B-1 redeemable convertible preferred stock, with no gain or loss recognized upon conversion. </div> <div class="BRDSX_h3" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; font-weight: bold; margin-top: 12pt; margin-left: 20pt; text-align: left;">2021 Convertible Senior Secured Notes </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">In October 2021, the Company executed a note issuance agreement and a note purchase agreement with a related party for the issuance of an aggregate principal amount of up to $50 million of convertible senior secured notes (the “2021 Convertible Senior Secured Notes”). The Company drew $20 million at execution and the remaining $30 million in April 2022. The 2021 Convertible Senior Secured Notes are collateralized by the Company’s property, equipment and other assets, excluding the financed property, equipment and other assets collateralized by the delayed draw term loans and Original Equipment Manufacturer (“OEM”) financing arrangements discussed below. </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">The 2021 Convertible Senior Secured Notes bear a stated annual interest rate of 10.00% for the first three years, payable semiannually on April 30 and October 30. Interest may be paid in cash or paid-in-kind (“PIK”), in which case additional 2021 Convertible Senior Secured Notes will be issued with a principal amount equal to the accrued interest, and otherwise which carry the same terms of the original notes (the “PIK Notes”). In April and October of 2023, an aggregate of $5 million principal amount of PIK Notes were issued in lieu of cash settlement of accrued interest. </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">If a qualified public company event (“QPCE”), defined as an IPO, direct listing, or special purpose acquisition company (“SPAC”) transaction, is not consummated on or prior to the date that is three (3) years from the issuance date, the interest rate shall automatically increase to 16.00% per year, prospectively, payable in cash. The 2021 Convertible Senior Secured Notes have a contractual maturity date of October 18, 2025. In the event the 2021 Convertible Senior Secured Notes are not otherwise converted or redeemed prior to the maturity date, and in the event that there is no QPCE, the investors will be entitled to redeem the 2021 Convertible Senior Secured Notes for cash in the amount equal to the principal, accrued and unpaid interest, plus a premium amount to ensure the holders realize an aggregate internal rate of return (“IRR”) of 16.00%. Prior to the maturity date, the 2021 Convertible Senior Secured Notes may be redeemed or converted as follows: </div> <table border="0" cellpadding="0" cellspacing="0" style="margin-top: 6pt; margin-left: 20pt; border-spacing: 0;"> <tr> <td style="width: 20pt; text-align: left; vertical-align: top;"> <div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">•</div> </td> <td style="vertical-align: top;"> <div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: justify;"><span style="font-style: italic;">Redemption</span>—From the third anniversary until a QPCE, the Company has the right, at its option, to redeem up to a principal amount of $15 million at a redemption price equal to principal amount plus accrued and unpaid interest plus a premium amount such that the holders of such principal amount of debt realize an IRR of 20.00% with respect to such redeemed amounts. </div> </td> </tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="margin-top: 6pt; margin-left: 20pt; border-spacing: 0;"> <tr> <td style="width: 20pt; text-align: left; vertical-align: top;"> <div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">•</div> </td> <td style="vertical-align: top;"> <div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: justify;"><span style="font-style: italic;">Conversion—</span>Holders of the 2021 Convertible Senior Secured Notes have the right, at their option, to convert all or any portion of their notes into a number of shares of common stock at any time based on the outstanding principal and accrued interest divided by the conversion price in effect. The conversion price in effect shall be calculated as follows: </div> </td> </tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="margin-top: 6pt; margin-left: 40pt; border-spacing: 0;"> <tr> <td style="width: 20pt; text-align: left; vertical-align: top;"> <div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">•</div> </td> <td style="vertical-align: top;"> <div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: justify;">Initially, the conversion price is equal to $675 million (the “Maximum Conversion Valuation”) divided by the fully diluted shares of common stock outstanding, which was $2.20 per share. </div> </td> </tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="margin-top: 6pt; margin-left: 40pt; border-spacing: 0;"> <tr> <td style="width: 20pt; text-align: left; vertical-align: top;"> <div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">•</div> </td> <td style="vertical-align: top;"> <div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: justify;">If a qualified financing occurs prior to a QPCE, the Maximum Conversion Valuation will be reduced, but not increased, to the enterprise value derived from the qualified financing on a fully diluted basis. </div> </td> </tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="margin-top: 6pt; margin-left: 40pt; border-spacing: 0;"> <tr> <td style="width: 20pt; text-align: left; vertical-align: top;"> <div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">•</div> </td> <td style="vertical-align: top;"> <div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: justify;">Upon the occurrence of a QPCE, the conversion price will be reduced, but not increased, to 75% of either the price per share offered to the public in an IPO, 75% of the stock price after the closing of a direct listing, or 75% of the stock valuation derived from a SPAC transaction. </div> </td> </tr> </table> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">The Company determined that the conversion features, the accelerated redemption features, the variability in interest payments, and the Company’s redemption option are required to be bifurcated and accounted for as an embedded derivative. Accordingly, upon issuances in October 2021 and April 2022, the Company recognized embedded derivative liabilities of $0 million and $2 million, respectively. The Company used Level 3 inputs to determine the fair value of the embedded derivatives. Significant management assumptions and estimates were involved in this determination. As of December 31, 2023, the estimated fair value of 2021 Convertible Senior Secured Notes was $451 million. This amount includes the $55 million face value of the notes, $6 million in accreted redemption premiums, $2 million in unamortized debt discounts and issuance costs, which is a reduction to the net carrying value, and a $386 million embedded derivative requiring bifurcation. The embedded derivative is separated and included within derivative and warrant liabilities on the consolidated balance sheets. </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6.75pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">For the years ended December 31, 2022, 2023, and 2024, the Company recorded losses related to the fair value adjustment of these derivative liabilities of $3 million, $361 million, and $627 million, respectively. During the years ended December 31, 2022, 2023, and 2024, total interest costs were $7 million, $31 million, and $8 million, respectively. These amounts are comprised of coupon interest of $4 million, $5 million, and $4 million, respectively; PIK interest cost was $0 million, $22 million, and $0 million, respectively; and amortization of debt discounts and issuance costs of $3 million, $4 million, and $4 million, respectively. </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">The debt host liability was initially recognized based on the proceeds received from issuance, net of issuance costs and net of the initial fair value of the bifurcated derivative. The debt host was subsequently accounted for using the effective interest method to amortize the discount and issuance costs and accrue for the premiums due at maturity in the event the debt was not early converted or redeemed earlier and no QPCE occurred. </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">The investors elected to convert all of the outstanding 2021 Convertible Senior Secured Notes on September 17, 2024, pursuant to the original terms of the conversion feature, resulting in the issuance of 24,543,980 shares of common stock and a cash payment of $2 million for accrued interest and cash in lieu of fractional shares. The conversion was accounted for as an extinguishment. Equity increased by the settlement-date fair value of the common shares issued of $1.1 billion. Additionally, a $6 million extinguishment loss is included in other income, net, which represents the difference between the fair value of the shares and the combined carrying amounts of the debt host and the bifurcated embedded derivative liability. </div> <div class="BRDSX_h3" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; font-weight: bold; margin-top: 20pt; margin-left: 20pt; text-align: left;">2022 Senior Secured Notes </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">In October 2022, the Company executed a note issuance agreement and a note purchase agreement (the “2022 Senior Secured Notes”) with a related party for an aggregate principal amount of up to $125 million. The Company drew down $30 million upon execution (the “First Closing”), an additional $30 million in November 2022 (the “Second Closing”), an additional $40 million in January 2023 (the “Third Closing”), and the remaining $25 million in April 2023 (the “Fourth Closing”). The 2022 Senior Secured Notes are collateralized by the Company’s property, equipment and other assets, excluding the financed property, equipment and other assets collateralized by the delayed draw term loans and OEM financing arrangements discussed below. </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">The first three tranches of 2022 Senior Secured Notes bear 0.0% interest from the issuance date through April 16, 2024, and 12.00% interest per annum from and after April 17, 2024. Interest payments are due, in cash, semiannually on April 14 and October 14 of each year, beginning on April 14, 2024. All principal and accrued and unpaid interest are due on October 17, 2025. </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">The fourth tranche of 2022 Senior Secured Notes bear 0.0% interest from the issuance date through October 19, 2024, and 12.00% interest per annum from and after October 20, 2024. Interest payments are due, in cash, semiannually on April 14 and October 14 of each year, beginning on October 14, 2024. All principal and accrued and unpaid interest are due on April 20, 2026. </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">The Company may redeem the debt at any time, or the debt may be required to be redeemed early upon the occurrence of customary events of default or change of control. In the event the debt is redeemed prior to the maturity date, the redemption price is equal to the principal amount plus accrued and unpaid interest, plus a potential early redemption premium based on the following schedule: </div> <table border="0" cellpadding="0" cellspacing="0" style="margin-top: 6pt; margin-left: 20pt; border-spacing: 0;"> <tr> <td style="width: 20pt; text-align: left; vertical-align: top;"> <div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">•</div> </td> <td style="vertical-align: top;"> <div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: justify;">No premium if redeemed prior to April 17, 2024, or on or after October 2, 2025 (with respect to the notes issued in the First Closing, Second Closing and Third Closing) or prior to October 20, 2024, or on or after April 7, 2026 (with respect to the notes issued in the Fourth Closing). </div> </td> </tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="margin-top: 6pt; margin-left: 20pt; border-spacing: 0;"> <tr> <td style="width: 20pt; text-align: left; vertical-align: top;"> <div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">•</div> </td> <td style="vertical-align: top;"> <div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: justify;">10.00% premium if redeemed on or after April 17, 2024, but before July 17, 2024 (with respect to the notes issued in the First Closing, Second Closing and Third Closing) or on or after October 20, 2024, but before January 20, 2025 (with respect to the notes issued in the Fourth Closing). </div> </td> </tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="margin-top: 6pt; margin-left: 20pt; border-spacing: 0;"> <tr> <td style="width: 20pt; text-align: left; vertical-align: top;"> <div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">•</div> </td> <td style="vertical-align: top;"> <div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: justify;">8.50% premium if redeemed on or after July 17, 2024, but before October 17, 2024 (with respect to the notes issued in the First Closing, Second Closing and Third Closing) on or after January 20, 2025, but before April 20, 2025 (with respect to the notes issued in the Fourth Closing). </div> </td> </tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="margin-top: 6pt; margin-left: 20pt; border-spacing: 0;"> <tr> <td style="width: 20pt; text-align: left; vertical-align: top;"> <div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">•</div> </td> <td style="vertical-align: top;"> <div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: justify;">7.00% premium if redeemed on or after October 17, 2024, but before January 17, 2025 (with respect to the notes issued in the First Closing, Second Closing and Third Closing) or on or after April 20, 2025, but before July 20, 2025 (with respect to the notes issued in the Fourth Closing). </div> </td> </tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="margin-top: 6.75pt; margin-left: 20pt; border-spacing: 0;"> <tr> <td style="width: 20pt; text-align: left; vertical-align: top;"> <div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">•</div> </td> <td style="vertical-align: top;"> <div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: justify;">5.50% premium if redeemed on or after January 17, 2025, but before April 17, 2025 (with respect to the notes issued in the First Closing, Second Closing and Third Closing) or on or after July 20, 2025, but before October 20, 2025 (with respect to the notes issued in the Fourth Closing). </div> </td> </tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="margin-top: 6pt; margin-left: 20pt; border-spacing: 0;"> <tr> <td style="width: 20pt; text-align: left; vertical-align: top;"> <div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">•</div> </td> <td style="vertical-align: top;"> <div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: justify;">4.00% premium if redeemed on or after April 17, 2025, but before July 17, 2025 (with respect to the notes issued in the First Closing, Second Closing and Third Closing) or on or after October 20, 2025, but before January 20, 2026 (with respect to the notes issued in the Fourth Closing). </div> </td> </tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="margin-top: 6pt; margin-left: 20pt; border-spacing: 0;"> <tr> <td style="width: 20pt; text-align: left; vertical-align: top;"> <div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">•</div> </td> <td style="vertical-align: top;"> <div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: justify;">2.50% premium if redeemed on or after April 17, 2025, but before October 2, 2025 (with respect to the notes issued in the First Closing, Second Closing and Third Closing) on or after to January 20, 2026, but before April 7, 2026 (with respect to the notes issued in the Fourth Closing). </div> </td> </tr> </table> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">In conjunction with the borrowing under the 2022 Senior Secured Notes, the Company granted the 2022 Senior Secured Note holders fully vested penny warrants and regular warrants to purchase shares of the Company’s common stock upon each closing: </div> <table border="0" cellpadding="0" cellspacing="0" style="margin-top: 6pt; margin-left: 20pt; border-spacing: 0;"> <tr> <td style="width: 20pt; text-align: left; vertical-align: top;"> <div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">•</div> </td> <td style="vertical-align: top;"> <div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left;">First Closing: Penny warrants for 1,873,735 shares and regular warrants for 1,040,956 shares. </div> </td> </tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="margin-top: 6pt; margin-left: 20pt; border-spacing: 0;"> <tr> <td style="width: 20pt; text-align: left; vertical-align: top;"> <div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">•</div> </td> <td style="vertical-align: top;"> <div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left;">Second Closing: Penny warrants for 1,873,735 shares and regular warrants for 1,040,956 shares. </div> </td> </tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="margin-top: 6pt; margin-left: 20pt; border-spacing: 0;"> <tr> <td style="width: 20pt; text-align: left; vertical-align: top;"> <div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">•</div> </td> <td style="vertical-align: top;"> <div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left;">Third Closing: Penny warrants for 2,498,356 shares and regular warrants for 1,388,000 shares. </div> </td> </tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="margin-top: 6pt; margin-left: 20pt; border-spacing: 0;"> <tr> <td style="width: 20pt; text-align: left; vertical-align: top;"> <div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">•</div> </td> <td style="vertical-align: top;"> <div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left;">Fourth Closing: Penny warrants for 1,561,456 shares and regular warrants for 867,474 shares. </div> </td> </tr> </table> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">All warrants issued in the First Closing, Second Closing and Third Closing expire on October 17, 2029 and all warrants issued in the Fourth Closing expire on April 20, 2030. The penny warrants have an exercise price of $0.0005 per share. The regular warrants are exercisable at a price per share equal to the lower of (subject to adjustment as provided in the 2022 Senior Secured Notes): </div> <table border="0" cellpadding="0" cellspacing="0" style="margin-top: 6pt; margin-left: 20pt; border-spacing: 0;"> <tr> <td style="width: 20pt; text-align: left; vertical-align: top;"> <div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">a)<br/> </div> </td> <td style="vertical-align: top;"> <div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: justify;">if, prior to an IPO or SPAC Transaction, the Company completes a qualified equity financing, the purchase price or deemed purchase price per share of common stock in the qualified equity financing; or </div> </td> </tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="margin-top: 6pt; margin-left: 20pt; border-spacing: 0;"> <tr> <td style="width: 20pt; text-align: left; vertical-align: top;"> <div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">b)<br/> </div> </td> <td style="vertical-align: top;"> <div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left;">the purchase price determined based on a valuation of the Company of: </div> </td> </tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="margin-top: 6pt; margin-left: 40pt; border-spacing: 0;"> <tr> <td style="width: 20pt; text-align: left; vertical-align: top;"> <div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">(i)<br/> </div> </td> <td style="vertical-align: top;"> <div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: justify;">$1,500,000,000, if the principal amount of the 2022 Senior Secured Notes is repaid in full within one hundred twenty (120) days after the original issue date; </div> </td> </tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="margin-top: 6pt; margin-left: 40pt; border-spacing: 0;"> <tr> <td style="width: 20pt; text-align: left; vertical-align: top;"> <div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">(ii)<br/> </div> </td> <td style="vertical-align: top;"> <div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: justify;">$1,300,000,000, if the principal amount of the 2022 Senior Secured Notes is repaid in full within one hundred twenty-one (121) to two hundred forty (240) days after the original issue date; </div> </td> </tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="margin-top: 6pt; margin-left: 40pt; border-spacing: 0;"> <tr> <td style="width: 20pt; text-align: left; vertical-align: top;"> <div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">(iii)<br/> </div> </td> <td style="vertical-align: top;"> <div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: justify;">$1,100,000,000, if the principal amount of the 2022 Senior Secured Notes is repaid in full within two hundred forty-one (241) to three hundred sixty (360) days after the original issue date; or </div> </td> </tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="margin-top: 6pt; margin-left: 40pt; border-spacing: 0;"> <tr> <td style="width: 20pt; text-align: left; vertical-align: top;"> <div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">(iv)<br/> </div> </td> <td style="vertical-align: top;"> <div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: justify;">$1,000,000,000, if the principal amount of the 2022 Senior Secured Notes is repaid in full three hundred sixty-one (361) or more days after the original issue date. </div> </td> </tr> </table> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">The penny warrants are classified within stockholders’ deficit on the consolidated balance sheets, as their settlement is indexed to the Company’s own stock in accordance with ASC 815, <span style="font-style: italic;">Derivatives and Hedging</span>. </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">The regular warrants are classified as derivative liabilities as their settlement amounts are not solely indexed to the Company’s own stock and settled in equity. </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">The Company recorded a loss related to the fair value adjustment of these warrant liabilities of $0 million, $67 million, and $129 million within loss on fair value adjustments in the consolidated statements of operations during the years ended December 31, 2022, 2023, and 2024, respectively. </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">The fair values of the regular warrants were remeasured to $71 million and $200 million as of December 31, 2023 and 2024, respectively. These amounts are included within derivative and warrant liabilities on the consolidated balance sheets. </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">The Second Closing and the Third Closing were loan commitments that were required to be issued and funded. The fees associated with the loan commitment were initially capitalized and accounted for as deferred financing costs. As these closings were completed, the associated portions of the deferred financing costs were reclassified as the debt discount for the portion of the drawn loans and amortized to interest expense. As of December 31, 2023, the </div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6.75pt; margin-left: 0pt; text-align: justify;">carrying value of the notes was $124 million, which approximates fair value. The penny warrants and regular warrants issued in connection with the first three closings were recorded as part of the deferred financing costs equal to their issuance date fair values of $6 million and $3 million, respectively. </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">The Fourth Closing provided the lenders the option, but not the obligation to purchase up to $25 million principal amount of notes and the associated portion of penny warrants and regular warrants. The option was accounted for as a derivative liability issued on the initial closing date, representing part of the deferred financing costs of $1 million for the loan commitments. The written option was remeasured to fair value through the settlement date completed in April 2023, and the Company recognized a loss for the change in fair value of $2 million during the year ended December 31, 2023. The notes, penny warrants, and regular warrants issued upon settlement of the Fourth Closing were initially recorded at their respective fair values of $22 million, $4 million, and $2 million, respectively. </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">In June 2024, the Company issued notice to the lenders to exercise its option to redeem the 2022 Senior Secured Notes. In July 2024, the Company settled the entire principal amount of the notes for a redemption price of $137 million, inclusive of prepayment premium and accrued and unpaid interest, resulting in an extinguishment loss of $6 million, which is included in other income, net. </div> <div class="BRDSX_h3" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; font-weight: bold; margin-top: 20.5pt; margin-left: 20pt; text-align: left;">Delayed Draw Term Loans </div> <div class="BRDSX_h4" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; margin-top: 7.5pt; margin-left: 20pt; text-align: left;">Delayed Draw Term Loan Facility 1.0 </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">In July 2023, one of the Company’s subsidiaries, CoreWeave Compute Acquisition Co. II, LLC (“CCAC II”), entered into a delayed draw term loan with various lenders and U.S. Bank, N.A., as the administrative and collateral agent. The agreement provides for a delayed draw term loan facility of up to $2.3 billion (as amended, the “DDTL 1.0 Facility”). Borrowings under the DDTL 1.0 Facility were used to finance a portion of the purchase consideration, fees, and expenses relating to the acquisition of computing equipment. </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">The DDTL 1.0 Facility contains covenants that restrict the ability of the Company and/or CCAC II to incur or guarantee additional indebtedness; pay dividends and make other distributions or repurchase stock; make certain investments; create or incur liens; sell assets; enter into certain transactions with affiliates; and merge, consolidate or transfer or sell all or substantially all of its assets. </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">All obligations under the DDTL 1.0 Facility are unconditionally guaranteed by the Company. Obligations outstanding under the DDTL 1.0 Facility are secured by perfected first priority pledges of and security interests in (i) the equity interests of CCAC II held by its direct parent and (ii) substantially all of the assets of CCAC II. </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">Interest on outstanding borrowings on the DDTL 1.0 Facility accrues at a rate per annum equal to either, at the Company’s election, <span style="-sec-ix-hidden:Fact_f6739cf7c3aa48d59a78f722ced35f30">Term SOFR</span> plus 8.75% or the alternative base rate plus 7.75%. On May 15, 2024, the interest rate was modified to <span style="-sec-ix-hidden:Fact_b8c6126733654c87a48ffa8692ff510e">Term SOFR</span> plus 9.62% or the alternative base rate plus 8.62%. As of December 31, 2023, and 2024, the actual average interest rate being charged on the amounts borrowed against the DDTL 1.0 Facility was 14.12% and 14.11%, respectively. </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">Throughout 2023 and 2024, the Company borrowed against the $2.3 billion facility commitment. The principal amount of the loans is required to be repaid in quarterly installments, with the final balloon payment due on March 28, 2028. The loans are prepayable at any time, from time to time, at the Company’s option, and are required to be prepaid upon the occurrence of an event of default or change of control of the Company, or with the proceeds of certain asset dispositions or incurrence of indebtedness. If the loans are prepaid prior to the fourth anniversary of the loan commitment termination date, in addition to principal and accrued interest, the Company is required to pay an applicable premium equal to (a) with respect to prepayments made prior to the third anniversary of the loan commitment termination date, the present value of future interest payments that would have accrued on the principal amount of the loans being prepaid through the third anniversary of the loan commitment termination date based on the interest rate in effect plus 1.00% of the principal amount of the loans being prepaid or (b) with respect to prepayments made between the third and fourth anniversary of the loan commitment termination date, an amount equal to 1.00% of the principal amount of the loans being prepaid. </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">As of December 31, 2023 and 2024, the amounts outstanding were $1.4 billion and $2.0 billion, respectively, under the DDTL 1.0 Facility. The Company incurred deferred financing costs of $12 million and recorded debt discounts of $24 million and $22 million for the years ended December 31, 2023 and 2024, respectively. These costs </div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6.75pt; margin-left: 0pt; text-align: justify;">are capitalized as a reduction to the outstanding debt balance on the consolidated balance sheets and are being amortized to interest expense over the term of the DDTL 1.0 Facility. Amortization of debt issuance costs and debt discounts was $2 million and $20 million for the years ended December 31, 2023 and 2024, respectively. </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">The Company was required to maintain restricted cash equal to 16.00% of the drawn balance, totaling $220 million as of December 31, 2023. In May 2024, in conjunction with the amendment to the interest rate, the restricted cash requirement was reduced to 4.00% of the drawn balance, but in no event can the liquidity requirement be greater than $56 million. As of December 31, 2024, $56 million was restricted cash in relation to this agreement. </div> <div class="BRDSX_h4" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; margin-top: 12pt; margin-left: 20pt; text-align: left;">Delayed Draw Term Loan Facility 2.0 </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">In May 2024, one of the Company’s subsidiaries, CoreWeave Compute Acquisition Co. IV, LLC (“CCAC IV”) entered into a second agreement with various lenders and U.S. Bank, N.A., as the administrative and collateral agent. The agreement provides for another delayed draw term loan facility of up to $7.6 billion (as amended, the “DDTL 2.0 Facility”). Borrowings under this agreement were established to primarily finance capital expenditures necessary to fulfill customer contracts, including the acquisition of GPU servers and related infrastructure. </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">Under the DDTL 2.0 Facility, additional loans may be drawn until June 2025, with an option to extend the commitment period by three months subject to lender consent. The total loans available are constrained by the purchase price of assets for which the loans are being used to finance with such percentage based upon the depreciable cost of GPU servers. </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">All obligations under the DDTL 2.0 Facility are unconditionally guaranteed by the Company. Obligations outstanding under the DDTL 2.0 Facility are secured by perfected first priority pledges of and security interests in (i) the equity interests of CCAC IV held by its direct parent and (ii) substantially all of the assets of CCAC IV. </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">The DDTL 2.0 Facility contains covenants that restrict the ability of the Company and/or CCAC IV to incur or guarantee additional indebtedness; pay dividends and make other distributions or repurchase stock; make certain investments; create or incur liens; sell assets; enter into certain transactions with affiliates; and merge, consolidate or transfer or sell all or substantially all of its assets. </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">Interest on outstanding borrowings on the DDTL 2.0 Facility accrues at a rate per annum equal to either, at the Company’s election, Term SOFR or the alternative base rate plus a spread based on the credit quality of the associated customer contracts. For specified investment-grade customers, the spread is equal to 6.00% for Term SOFR denominated loans and 5.00% for base rate denominated loans. For investment-grade customers, the spread is equal to 6.50% for Term SOFR loans and 5.50% for base rate loans. For non-investment-grade customer contracts, the spread is equal to 13.00% for Term SOFR loans and 12.00% for base rate loans. </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">The principal amount of the loans is required to be repaid in quarterly installments, beginning in October 2025, with the final balloon payment due on five years after the applicable loan was funded. The loans are prepayable at any time, from time to time, at the Company’s option and are required to be prepaid upon the occurrence of an event of default or change of control of the Company, or incurrence of certain indebtedness. If the loans are prepaid prior to the 30-month anniversary of the loan commitment termination date, in addition to principal and accrued interest, the Company is required to pay an applicable premium equal to the present value of future interest payments that would have accrued through the 30-month anniversary of the loan commitment termination date based on the interest rate in effect. </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">As of December 31, 2024, the actual average interest rate being charged on the amounts borrowed against the DDTL 2.0 Facility was 10.53% and the total amount borrowed was $3.8 billion. The Company incurred deferred financing costs of $3 million and recorded debt discounts of $58 million related to the issuance of the DDTL 2.0 Facility. These costs are capitalized as a reduction to the outstanding debt balance on the consolidated balance sheets and are being amortized to interest expense over the term of the DDTL 2.0 Facility. Amortization of debt issuance costs and debt discounts was $5 million for the year ended December 31, 2024. The Company is required to maintain restricted cash equal to 2.00% of the drawn balance, totaling $77 million as of December 31, 2024. Additionally, the Company incurred undrawn fees totaling $4 million for the year ended December 31, 2024, which is recognized in interest expense, net in the consolidated statements of operations. </div> <div class="BRDSX_h3" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; font-weight: bold; margin-top: 12pt; margin-left: 20pt; text-align: left;">Revolving Credit Facility </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">On June 21, 2024, the Company entered into a credit agreement with JPMorgan Chase Bank, N.A., as administrative agent and collateral agent. The credit agreement matures on June 21, 2027. The credit agreement </div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6.75pt; margin-left: 0pt; text-align: justify;">originally provided for a $100 million senior revolving credit facility. On October 7, 2024, the credit agreement was amended to have a capacity of $650 million consisting of (i) a $500 million secured facility and (ii) a $150 million unsecured facility to support the expansion of the Company’s data center infrastructure and AI-driven cloud computing operations. On December 2, 2024, the credit agreement was further amended to provide for the $650 million senior revolving credit facility to be fully secured (the “Revolving Credit Facility”). The Revolving Credit Facility includes a $175 million letter of credit sub-facility. As of December 31, 2024, the Company had not drawn on the Revolving Credit Facility. </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">Amounts borrowed under the Company’s Revolving Credit Facility are subject to an interest rate per annum equal to, at the Company’s option, either (a) for base rate loans, an applicable margin of 0.75% plus a base rate (subject to a 1.00% floor) determined by reference to the highest of (i) the prime rate, (ii) the greater of (a) the federal funds effective rate and (b) the overnight bank funding rate, in each case, plus 0.50%, and (iii) the one month <span style="-sec-ix-hidden:Fact_52131c76a95d4f368cc19bd176c8d55e">term Secured Overnight Financing Rate</span> (“SOFR”) plus 1.00% or (b) for term benchmark loans, an applicable margin of 1.75% plus the <span style="-sec-ix-hidden:Fact_a1b0bb10163d4ef3b607340129557605">term SOFR</span> (subject to a 0.00% floor) for a <span style="-sec-ix-hidden:Fact_99244e27845745afb05e7a3f7ac2f5a9"><span style="-sec-ix-hidden:Fact_13b1ef67d608470c9326076b03daf38d">one</span></span>, <span style="-sec-ix-hidden:Fact_3187a4ff5c44469cbd6390fd8228bf4b">three</span> or six month interest period. Additionally, the Company is required to pay a fee of 0.25% per annum on the average undrawn commitment. The Company may voluntarily prepay outstanding loans under its Revolving Credit Facility at any time without premium or penalty. </div> <div class="BRDSX_h3" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; font-weight: bold; margin-top: 13pt; margin-left: 20pt; text-align: left;">2024 Term Loan Facility </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">In December 2024, the Company entered into a credit agreement providing for a $1.0 billion term loan facility (the “2024 Term Loan Facility”) consisting of (i) a $229 million secured facility and (ii) a $771 million unsecured facility. On December 16, 2024, the Company borrowed the full $1.0 billion of loans available under the agreement. The proceeds from the term loan facility may be used for working capital and general corporate purposes (including the financing of acquisitions and investments). </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">The Company incurred deferred financing costs related to the issuance of the 2024 Term Loan Facility of $16 million. These costs are capitalized as a reduction to the outstanding debt balance within Debt, current on the consolidated balance sheets and are being amortized to interest expense over the term of the 2024 Term Loan Facility. As of December 31, 2024, the unamortized deferred financing costs were $15 million. </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">The 2024 Term Loan Facility matures December 16, 2025. The Company may prepay at any time, from time to time, at its option, upon the occurrence of an event of default, or with the proceeds of certain asset dispositions, incurrences of indebtedness or equity issuances, including a requirement to be prepaid with some or all of the proceeds of an initial public offering. Amounts borrowed under the term loan facility are subject to an interest rate per annum equal to, at the Company’s option, either (a) <span style="-sec-ix-hidden:Fact_23c29af39a144827bb36bcb8d9aa03d6">Term SOFR</span> plus 5.25% for the first 180 days, 5.75% for the next 90 days, and 6.25% for the remainder of the term of the 2024 Term Loan Facility or (b) the alternative base rate (as described previously) plus 4.25% for the first 180 days, 4.75% for the next 90 days, and 5.25% for the remainder of the term of the 2024 Term Loan Facility. As of December 31, 2024, the actual interest rate being charged on the amounts borrowed against the 2024 Term Loan Facility was 9.65%. The 2024 Term Loan Facility contains customary affirmative and negative covenants. </div> <div class="BRDSX_h3" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; font-weight: bold; margin-top: 13pt; margin-left: 20pt; text-align: left;">OEM Financing Arrangements </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">The Company entered into various agreements with an OEM between February and December 2024 whereby the Company obtained financing for certain equipment with an aggregate notional balance of $1.3 billion as of December 31, 2024. Related to the financing agreements, the Company granted a security interest for the financed equipment. The agreements are accounted for as financing arrangements, with terms between <span style="-sec-ix-hidden:Fact_1d9858f7a8bc4ce3b353993db31e3215">two</span> to three years. The financing arrangements have a stated repayment schedule over the term with effective interest rates between 9% to 11%. The Company did not incur any debt issuance costs associated with the financing arrangements. Interest expense for the year ended December 31, 2024 was $60 million. </div> <div class="BRDSX_h3" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; font-weight: bold; margin-top: 12.5pt; margin-left: 20pt; text-align: left;">DCSP Financing Arrangements </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">In June 2023, the Company entered into a service agreement with a data center service provider (the “DCSP”) (the “DCSP Service Agreement”). Under the DCSP Service Agreement, the DCSP will design, purchase, build, and manage a data center providing access to up to 78 MW of electrical power to be delivered in phases. Separately, during the year ended December 31, 2024, the Company purchased $116 million of critical infrastructure assets to support the data center site (the “Existing Critical Infrastructure Assets”). </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">In October 2024, the Company, as a lender, entered into a Senior Secured Delayed Draw Term Loan Credit Agreement (the “Note Receivable”, and collectively, with the DCSP Service Agreement, the “DCSP Financing </div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6.75pt; margin-left: 0pt; text-align: justify;">Arrangements”) with the DCSP to facilitate the purchase of critical infrastructure assets. The Note Receivable agreement provides for a total commitment of up to $305 million in delayed draw term loan funding for a term of seven years with a stated interest rate of 13.00% per annum. The Company incurred an immaterial amount of fees in conjunction with the issuance of the Note Receivable. </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">The Note Receivable is secured by the new and existing critical infrastructure assets that support current and future phases of the build out at the data center and is prepayable at any time by the DCSP with no penalty. </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">During the year ended December 31, 2024, the DCSP borrowed under the Note Receivable to settle amounts previously advanced to the DCSP by the Company, finance purchases of additional critical infrastructure assets, and purchase the Existing Critical Infrastructure Assets. Under the terms of the DCSP Service Agreement, the Company continues to control the Existing Critical Infrastructure Assets and the Company recorded a financing obligation related to the consideration received for the Existing Critical Infrastructure Assets. The financing obligation is payable over a term of 14 years and has an imputed interest rate of 15%. The Existing Critical Infrastructure Assets are included in property and equipment, net, on the consolidated balance sheets and are depreciated over their estimated useful life. </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">As of December 31, 2024, the future contractual principal payments under the financing obligation due to the DCSP were as follows (in thousands): </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: left;"> <br/></div> <table cellpadding="0" cellspacing="0" class="BRDSX_fintab" style="width: 468pt; margin-left: auto; margin-right: auto; border-spacing: 0;"> <tr class="BRDSX_boxspacer"> <td style="height: 6pt; width: 408pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 9.34pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 9.34pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 41.32pt;"> <div style="font-size: 1pt;"> </div> </td> </tr> <tr class="BRDSX_header"> <td style="width: 408pt; padding-bottom: 2.13pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;">Years Ending December 31,</div> </td> <td style="width: 9.34pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 9.34pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 41.32pt; padding-bottom: 2.13pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Contractual </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Principal </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Payments </div> </td> </tr> <tr> <td style="width: 408pt; padding-top: 1.76pt; padding-bottom: 1.13pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">2025</div> </td> <td style="width: 9.34pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 9.34pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 41.32pt; padding-top: 1.76pt; padding-bottom: 1.13pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0.25pt; text-align: left;">$<span style="padding-left: 8.33pt;">19,672 </span></div> </td> </tr> <tr> <td style="width: 408pt; padding-top: 0.76pt; padding-bottom: 1.13pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">2026</div> </td> <td style="width: 9.34pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 9.34pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 41.32pt; padding-top: 0.76pt; padding-bottom: 1.13pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0.25pt; text-align: left;"><span style="padding-left: 13.33pt;">19,658</span></div> </td> </tr> <tr> <td style="width: 408pt; padding-top: 0.76pt; padding-bottom: 1.13pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">2027</div> </td> <td style="width: 9.34pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 9.34pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 41.32pt; padding-top: 0.76pt; padding-bottom: 1.13pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0.25pt; text-align: left;"><span style="padding-left: 13.33pt;">19,645</span></div> </td> </tr> <tr> <td style="width: 408pt; padding-top: 0.76pt; padding-bottom: 1.13pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">2028</div> </td> <td style="width: 9.34pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 9.34pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 41.32pt; padding-top: 0.76pt; padding-bottom: 1.13pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0.25pt; text-align: left;"><span style="padding-left: 13.33pt;">19,630</span></div> </td> </tr> <tr> <td style="width: 408pt; padding-top: 0.76pt; padding-bottom: 1.13pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">2029</div> </td> <td style="width: 9.34pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 9.34pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 41.32pt; padding-top: 0.76pt; padding-bottom: 1.13pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0.25pt; text-align: left;"><span style="padding-left: 13.33pt;">19,616</span></div> </td> </tr> <tr> <td style="width: 408pt; padding-top: 0.76pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Thereafter</div> </td> <td style="width: 9.34pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 9.34pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 41.32pt; padding-top: 0.76pt; padding-bottom: 2.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0.25pt; text-align: left;"><span style="padding-left: 8.33pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">175,800</span></div> </td> </tr> <tr> <td style="width: 408pt; padding-top: 2.01pt; padding-bottom: 1.13pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Total future payments</div> </td> <td style="width: 9.34pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 9.34pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 41.32pt; padding-top: 2.01pt; padding-bottom: 1.13pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0.25pt; text-align: left;"><span style="padding-left: 8.33pt;">274,021</span></div> </td> </tr> <tr> <td style="width: 408pt; padding-top: 0.76pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Less: amount representing interest </div> </td> <td style="width: 9.34pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 9.34pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 41.32pt; padding-top: 0.76pt; padding-bottom: 2.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0.25pt; text-align: left;"><span style="padding-left: 5pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">(158,081)</span></div> </td> </tr> <tr> <td style="width: 408pt; padding-top: 2.01pt; padding-bottom: 1.13pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 10pt; text-align: left;">Total financing obligation</div> </td> <td style="width: 9.34pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 9.34pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 41.32pt; padding-top: 2.01pt; padding-bottom: 1.13pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0.25pt; text-align: left;">$<span style="padding-left: 3.7pt;">115,940 </span></div> </td> </tr> <tr> <td style="width: 408pt; padding-top: 0.76pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;">Less: current portion</div> </td> <td style="width: 9.34pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 9.34pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 41.32pt; padding-top: 0.76pt; padding-bottom: 2.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0.25pt; text-align: left;"><span style="padding-left: 15pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">(2,087)</span></div> </td> </tr> <tr> <td style="width: 408pt; padding-top: 2.01pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Long-term portion</div> </td> <td style="width: 9.34pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 9.34pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 41.32pt; padding-top: 2.01pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0.25pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$</span><span style="padding-left: 3.7pt; border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">113,853</span></div> </td> </tr> <tr class="BRDSX_boxspacer"> <td style="height: 2.75pt; width: 408pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 9.34pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 9.34pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 41.32pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> </tr> </table> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">The DCSP Financing Arrangements allow for the net settlement of amounts due between the parties and meet the criteria for right of setoff in accordance with ASC 210, <span style="font-style: italic;">Balance Sheet</span>. As of December 31, 2024, the gross amount of the Note Receivable is $224 million, which is presented net of the financing obligation of $116 million. The accrued interest on the Note Receivable is forgiven if the DCSP achieves certain construction milestones in the first quarter of 2025. For the year ended December 31, 2024, the Company did not recognize any interest income as the Company does not expect to be entitled to the accrued interest. The total interest expense related to the financing obligation for the year ended December 31, 2024 was $3 million. </div>

<div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 7.5pt; margin-left: 0pt; text-indent: 20pt; text-align: left;">The total debt obligations are as follows (in thousands): </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: left;"> <br/></div> <table cellpadding="0" cellspacing="0" class="BRDSX_fintab" style="width: 468pt; margin-left: auto; margin-right: auto; border-spacing: 0;"> <tr class="BRDSX_boxspacer"> <td style="height: 6pt; width: 168pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 4.47pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 4.47pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 125.79pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 4.47pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 4.47pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 42.95pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 4.47pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 4.47pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 47.16pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 4.47pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 4.47pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 48.33pt;"> <div style="font-size: 1pt;"> </div> </td> </tr> <tr class="BRDSX_header"> <td style="width: 168pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"> </div> </td> <td style="width: 4.47pt; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.47pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 125.79pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Maturities</div> </td> <td style="width: 4.47pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.47pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 42.95pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Effective </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Interest </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Rates</div> </td> <td style="width: 4.47pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.47pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">December 31, </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2023</div> </td> <td style="width: 4.47pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.47pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 48.33pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">December 31, </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2024 </div> </td> </tr> <tr> <td style="width: 168pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">2021 Convertible Senior Secured Notes</div> </td> <td style="width: 4.47pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.47pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 125.79pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; text-align: center;">October 2025</div> </td> <td style="width: 4.47pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.47pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 42.95pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 16.47pt; text-align: left;">17%</div> </td> <td style="width: 4.47pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.47pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 1.08pt; text-align: left;">$<span style="padding-left: 12.5pt;">55,125</span></div> </td> <td style="width: 4.47pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.47pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 48.33pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">$<span style="padding-left: 33.33pt;">— </span></div> </td> </tr> <tr> <td style="width: 168pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">2022 Senior Secured Notes</div> </td> <td style="width: 4.47pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.47pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 125.79pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; text-align: center;">October 2025 – April 2026</div> </td> <td style="width: 4.47pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.47pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 42.95pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 16.47pt; text-align: left;">10%</div> </td> <td style="width: 4.47pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.47pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 1.08pt; text-align: left;"><span style="padding-left: 12.5pt;">125,000</span></div> </td> <td style="width: 4.47pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.47pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 48.33pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 38.33pt;">—</span></div> </td> </tr> <tr> <td style="width: 168pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Delayed Draw Term Loan Facility 1.0</div> </td> <td style="width: 4.47pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.47pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 125.79pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; text-align: center;">March 2028</div> </td> <td style="width: 4.47pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.47pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 42.95pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 16.47pt; text-align: left;">15%</div> </td> <td style="width: 4.47pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.47pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 1.08pt; text-align: left;"><span style="padding-left: 5pt;">1,374,924</span></div> </td> <td style="width: 4.47pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.47pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 48.33pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 8.33pt;">2,012,500</span></div> </td> </tr> <tr> <td style="width: 168pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Delayed Draw Term Loan Facility 2.0</div> </td> <td style="width: 4.47pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.47pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 125.79pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; text-align: center;">May 2029</div> </td> <td style="width: 4.47pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.47pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 42.95pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 16.47pt; text-align: left;"><span style="padding-left: 0.37pt;">11%</span></div> </td> <td style="width: 4.47pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.47pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 1.08pt; text-align: left;"><span style="padding-left: 35pt;">—</span></div> </td> <td style="width: 4.47pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.47pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 48.33pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 8.33pt;">3,843,819</span></div> </td> </tr> <tr> <td style="width: 168pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">2024 Term Loan Facility</div> </td> <td style="width: 4.47pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.47pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 125.79pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; text-align: center;">December 2025</div> </td> <td style="width: 4.47pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.47pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 42.95pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 16.47pt; text-align: left;">12%</div> </td> <td style="width: 4.47pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.47pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 1.08pt; text-align: left;"><span style="padding-left: 35pt;">—</span></div> </td> <td style="width: 4.47pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.47pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 48.33pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 8.33pt;">1,000,000</span></div> </td> </tr> <tr> <td style="width: 168pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-indent: -10pt; text-align: left;">Original Equipment Manufacturer financing arrangements</div> </td> <td style="width: 4.47pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.47pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 125.79pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; text-align: center;">February 2026 – October 2027</div> </td> <td style="width: 4.47pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.47pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 42.95pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; text-align: center;">9% – 11%</div> </td> <td style="width: 4.47pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.47pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 1.08pt; text-align: left;"><span style="padding-left: 35pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">—</span></div> </td> <td style="width: 4.47pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.47pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 48.33pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 8.33pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">1,177,158</span></div> </td> </tr> <tr> <td style="width: 168pt; padding-top: 2.26pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Total principal of debt</div> </td> <td style="width: 4.47pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.47pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 125.79pt; padding-top: 2.26pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 4.47pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.47pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 42.95pt; padding-top: 2.26pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 4.47pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.47pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 2.26pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 1.08pt; text-align: left;"><span style="padding-left: 5pt;">1,555,049</span></div> </td> <td style="width: 4.47pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.47pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 48.33pt; padding-top: 2.26pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 8.33pt;">8,033,477</span></div> </td> </tr> <tr> <td style="width: 168pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; margin-top: 0pt; margin-left: 10pt; text-indent: -10pt; text-align: left;">Less: Unamortized discount and issuance costs</div> </td> <td style="width: 4.47pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.47pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 125.79pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 4.47pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.47pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 42.95pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 4.47pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.47pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 1.08pt; text-align: left;"><span style="padding-left: 14.17pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">(31,795)</span></div> </td> <td style="width: 4.47pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.47pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 48.33pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 12.5pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">(107,137)</span></div> </td> </tr> <tr> <td style="width: 168pt; padding-top: 2.26pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 10pt; text-indent: -10pt; text-align: left;">Total debt, net of unamortized discount and issuance costs</div> </td> <td style="width: 4.47pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.47pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 125.79pt; padding-top: 2.26pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 4.47pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.47pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 42.95pt; padding-top: 2.26pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 4.47pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.47pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 2.26pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 1.08pt; text-align: left;"><span style="padding-left: 5pt;">1,523,254</span></div> </td> <td style="width: 4.47pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.47pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 48.33pt; padding-top: 2.26pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 8.33pt;">7,926,340</span></div> </td> </tr> <tr> <td style="width: 168pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; margin-top: 0pt; margin-left: 0pt; text-align: left;">Less: Debt, current</div> </td> <td style="width: 4.47pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.47pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 125.79pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 4.47pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.47pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 42.95pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 4.47pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.47pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 1.08pt; text-align: left;"><span style="padding-left: 9.17pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">(171,865)</span></div> </td> <td style="width: 4.47pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.47pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 48.33pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 5pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">(2,468,425)</span></div> </td> </tr> <tr> <td style="width: 168pt; padding-top: 2.26pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 10pt; text-align: left;">Total debt, non-current</div> </td> <td style="width: 4.47pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.47pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 125.79pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 4.47pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.47pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 42.95pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 4.47pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.47pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 1.08pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$1,351,389</span></div> </td> <td style="width: 4.47pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.47pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 48.33pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$</span><span style="padding-left: 3.33pt; border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">5,457,915</span></div> </td> </tr> <tr class="BRDSX_boxspacer"> <td style="height: 2.75pt; width: 168pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.47pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.47pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 125.79pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.47pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.47pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 42.95pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.47pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.47pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 47.16pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.47pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.47pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 48.33pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> </tr> </table>

0.17

55125000

0.10

125000000

0.15

1374924000

2012500000

0.11

3843819000

0.12

1000000000

0.09

0.11

1177158000

1555049000

8033477000

31795000

107137000

1523254000

7926340000

171865000

2468425000

1351389000

5457915000

<div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">As of December 31, 2024, the future principal payments for the Company’s total debt were as follows (in thousands): </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: left;"> <br/></div> <table cellpadding="0" cellspacing="0" class="BRDSX_fintab" style="width: 468pt; margin-left: auto; margin-right: auto; border-spacing: 0;"> <tr class="BRDSX_boxspacer"> <td style="height: 6pt; width: 408pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 7.5pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 7.5pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 45pt;"> <div style="font-size: 1pt;"> </div> </td> </tr> <tr class="BRDSX_header"> <td style="width: 408pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;">Years Ending December 31,</div> </td> <td style="width: 7.5pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 7.5pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Amount </div> </td> </tr> <tr> <td style="width: 408pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">2025</div> </td> <td style="width: 7.5pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 7.5pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">$2,483,202 </div> </td> </tr> <tr> <td style="width: 408pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">2026</div> </td> <td style="width: 7.5pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 7.5pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 5pt;">3,102,384</span></div> </td> </tr> <tr> <td style="width: 408pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">2027</div> </td> <td style="width: 7.5pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 7.5pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 5pt;">1,771,071</span></div> </td> </tr> <tr> <td style="width: 408pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">2028</div> </td> <td style="width: 7.5pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 7.5pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 12.5pt;">548,093</span></div> </td> </tr> <tr> <td style="width: 408pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">2029</div> </td> <td style="width: 7.5pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 7.5pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 12.5pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">128,727</span></div> </td> </tr> <tr> <td style="width: 408pt; padding-top: 2.26pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 10pt; text-align: left;">Total</div> </td> <td style="width: 7.5pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 7.5pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$8,033,477</span></div> </td> </tr> <tr class="BRDSX_boxspacer"> <td style="height: 2.75pt; width: 408pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 7.5pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 7.5pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 45pt;"> <div style="font-size: 1pt;"> </div> </td> </tr> </table>

2483202000

3102384000

1771071000

548093000

128727000

8033477000

<div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">For the years ended December 31, 2022, 2023, and 2024, total interest expense for the Company’s debt obligations was as follows (in thousands): </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: left;"> <br/></div> <table cellpadding="0" cellspacing="0" class="BRDSX_fintab" style="width: 468pt; margin-left: auto; margin-right: auto; border-spacing: 0;"> <tr class="BRDSX_boxspacer"> <td style="height: 6pt; width: 336pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 4.64pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 4.64pt;"> <div style="font-size: 1pt;"> </div> </td> <td colspan="7" style="height: 6pt; width: 122.72pt;"> <div style="font-size: 1pt;"> </div> </td> </tr> <tr class="BRDSX_header"> <td style="width: 336pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"> </div> </td> <td style="width: 4.64pt; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.64pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td colspan="7" style="width: 122.72pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Year Ended </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">December 31, </div> </td> </tr> <tr class="BRDSX_header"> <td style="width: 336pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"> </div> </td> <td style="width: 4.64pt; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.64pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 27.5pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2022</div> </td> <td style="width: 4.64pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.64pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 35.83pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2023</div> </td> <td style="width: 4.64pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.64pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 40.83pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2024 </div> </td> </tr> <tr> <td style="width: 336pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Contractual interest expense</div> </td> <td style="width: 4.64pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.64pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 27.5pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">$4,914</div> </td> <td style="width: 4.64pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.64pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 35.83pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">$<span style="padding-left: 3.33pt;">30,189</span></div> </td> <td style="width: 4.64pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.64pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 40.83pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">$<span style="padding-left: 3.33pt;">474,844 </span></div> </td> </tr> <tr> <td style="width: 336pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-indent: -10pt; text-align: left;">Amortization of debt discounts and issuance costs and accretion of redemption premiums</div> </td> <td style="width: 4.64pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.64pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 27.5pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 5pt;">3,803</span></div> </td> <td style="width: 4.64pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.64pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 35.83pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 8.33pt;">16,533</span></div> </td> <td style="width: 4.64pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.64pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 40.83pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 13.33pt;">33,376</span></div> </td> </tr> <tr> <td style="width: 336pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">PIK interest</div> </td> <td style="width: 4.64pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.64pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 27.5pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 17.5pt;">—</span></div> </td> <td style="width: 4.64pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.64pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 35.83pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 8.33pt;">21,621</span></div> </td> <td style="width: 4.64pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.64pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 40.83pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 30.83pt;">—</span></div> </td> </tr> <tr> <td style="width: 336pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; margin-top: 0pt; margin-left: 0pt; text-align: left;">Less: capitalized interest</div> </td> <td style="width: 4.64pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.64pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 27.5pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 9.17pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">(343)</span></div> </td> <td style="width: 4.64pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.64pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 35.83pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 5pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">(41,376)</span></div> </td> <td style="width: 4.64pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.64pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 40.83pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 5pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">(159,017)</span></div> </td> </tr> <tr> <td style="width: 336pt; padding-top: 2.26pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 10pt; text-align: left;">Total</div> </td> <td style="width: 4.64pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.64pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 27.5pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$8,374</span></div> </td> <td style="width: 4.64pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.64pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 35.83pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$</span><span style="padding-left: 3.33pt; border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">26,967</span></div> </td> <td style="width: 4.64pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.64pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 40.83pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$</span><span style="padding-left: 3.33pt; border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">349,203</span></div> </td> </tr> <tr class="BRDSX_boxspacer"> <td style="height: 2.75pt; width: 336pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.64pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.64pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 27.5pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.64pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.64pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 35.83pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.64pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.64pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 40.83pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> </tr> </table>

4914000

30189000

474844000

3803000

16533000

33376000

21621000

343000

41376000

159017000

8374000

26967000

349203000

4000000

0.07

4000000

0.07

annually

12484540

50000000

20000000

30000000

0.10

P3Y

semiannually

5000000

0.16

2025-10-18

0.16

15000000

0.20

675000000

2.2

0.75

2000000

451000000

55000000

6000000

2000000

386000000

3000000

361000000

627000000

7000000

31000000

8000000

4000000 5000000 4000000

22000000

3000000

4000000

24543980

2000000 1100000000

-6000000

125000000

30000000

40000000

25000000

0.12

semiannually

2025-10-17

0.12

semiannually

2026-04-20

0 0.10 0.085 0.07 0.055 0.04 0.025

1873735

1040956

1873735

1040956

2498356

1388000

1561456

867474

2029-10-17

2030-04-20

0.0005

1500000000 1300000000 1100000000 1000000000

67000000

129000000

71000000

200000000

124000000

6000000

3000000

25000000

1000000

-2000000

22000000

4000000

2000000

137000000

-6000000

2300000000

0.0875

0.0775

0.0962

0.0862

0.1412

0.1411

2300000000

quarterly

2028-03-28

0.01

1400000000

2000000000

12000000

24000000

22000000

2000000

20000000

0.16 220000000 0.04 56000000

56000000

7600000000

P3M

0.06

0.05

0.065

0.055

0.13

0.12

quarterly

P5Y

0.1053

3800000000

3000000

58000000

5000000

0.02 77000000 4000000

2027-06-21

100000000

650000000

500000000

150000000

650000000

175000000

0.0075

0.01

0.005

0.01

0.0175

0 P6M

0.0025

1000000000

229000000

771000000

1000000000

16000000

15000000

2025-12-16

0.0525

0.0575

0.0625

0.0425

0.0475

0.0525

0.0965

1300000000

P3Y

0.09

0.11

60000000

116000000

305000000

P7Y 0.13

P14Y

0.15

<div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">As of December 31, 2024, the future contractual principal payments under the financing obligation due to the DCSP were as follows (in thousands): </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: left;"> <br/></div> <table cellpadding="0" cellspacing="0" class="BRDSX_fintab" style="width: 468pt; margin-left: auto; margin-right: auto; border-spacing: 0;"> <tr class="BRDSX_boxspacer"> <td style="height: 6pt; width: 408pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 9.34pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 9.34pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 41.32pt;"> <div style="font-size: 1pt;"> </div> </td> </tr> <tr class="BRDSX_header"> <td style="width: 408pt; padding-bottom: 2.13pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;">Years Ending December 31,</div> </td> <td style="width: 9.34pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 9.34pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 41.32pt; padding-bottom: 2.13pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Contractual </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Principal </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Payments </div> </td> </tr> <tr> <td style="width: 408pt; padding-top: 1.76pt; padding-bottom: 1.13pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">2025</div> </td> <td style="width: 9.34pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 9.34pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 41.32pt; padding-top: 1.76pt; padding-bottom: 1.13pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0.25pt; text-align: left;">$<span style="padding-left: 8.33pt;">19,672 </span></div> </td> </tr> <tr> <td style="width: 408pt; padding-top: 0.76pt; padding-bottom: 1.13pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">2026</div> </td> <td style="width: 9.34pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 9.34pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 41.32pt; padding-top: 0.76pt; padding-bottom: 1.13pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0.25pt; text-align: left;"><span style="padding-left: 13.33pt;">19,658</span></div> </td> </tr> <tr> <td style="width: 408pt; padding-top: 0.76pt; padding-bottom: 1.13pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">2027</div> </td> <td style="width: 9.34pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 9.34pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 41.32pt; padding-top: 0.76pt; padding-bottom: 1.13pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0.25pt; text-align: left;"><span style="padding-left: 13.33pt;">19,645</span></div> </td> </tr> <tr> <td style="width: 408pt; padding-top: 0.76pt; padding-bottom: 1.13pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">2028</div> </td> <td style="width: 9.34pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 9.34pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 41.32pt; padding-top: 0.76pt; padding-bottom: 1.13pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0.25pt; text-align: left;"><span style="padding-left: 13.33pt;">19,630</span></div> </td> </tr> <tr> <td style="width: 408pt; padding-top: 0.76pt; padding-bottom: 1.13pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">2029</div> </td> <td style="width: 9.34pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 9.34pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 41.32pt; padding-top: 0.76pt; padding-bottom: 1.13pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0.25pt; text-align: left;"><span style="padding-left: 13.33pt;">19,616</span></div> </td> </tr> <tr> <td style="width: 408pt; padding-top: 0.76pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Thereafter</div> </td> <td style="width: 9.34pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 9.34pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 41.32pt; padding-top: 0.76pt; padding-bottom: 2.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0.25pt; text-align: left;"><span style="padding-left: 8.33pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">175,800</span></div> </td> </tr> <tr> <td style="width: 408pt; padding-top: 2.01pt; padding-bottom: 1.13pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Total future payments</div> </td> <td style="width: 9.34pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 9.34pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 41.32pt; padding-top: 2.01pt; padding-bottom: 1.13pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0.25pt; text-align: left;"><span style="padding-left: 8.33pt;">274,021</span></div> </td> </tr> <tr> <td style="width: 408pt; padding-top: 0.76pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Less: amount representing interest </div> </td> <td style="width: 9.34pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 9.34pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 41.32pt; padding-top: 0.76pt; padding-bottom: 2.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0.25pt; text-align: left;"><span style="padding-left: 5pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">(158,081)</span></div> </td> </tr> <tr> <td style="width: 408pt; padding-top: 2.01pt; padding-bottom: 1.13pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 10pt; text-align: left;">Total financing obligation</div> </td> <td style="width: 9.34pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 9.34pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 41.32pt; padding-top: 2.01pt; padding-bottom: 1.13pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0.25pt; text-align: left;">$<span style="padding-left: 3.7pt;">115,940 </span></div> </td> </tr> <tr> <td style="width: 408pt; padding-top: 0.76pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;">Less: current portion</div> </td> <td style="width: 9.34pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 9.34pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 41.32pt; padding-top: 0.76pt; padding-bottom: 2.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0.25pt; text-align: left;"><span style="padding-left: 15pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">(2,087)</span></div> </td> </tr> <tr> <td style="width: 408pt; padding-top: 2.01pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Long-term portion</div> </td> <td style="width: 9.34pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 9.34pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 41.32pt; padding-top: 2.01pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0.25pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$</span><span style="padding-left: 3.7pt; border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">113,853</span></div> </td> </tr> <tr class="BRDSX_boxspacer"> <td style="height: 2.75pt; width: 408pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 9.34pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 9.34pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 41.32pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> </tr> </table>

19672000

19658000

19645000

19630000

19616000

175800000

274021000

158081000

115940000

2087000

113853000

224000000

116000000

3000000

<div class="BRDSX_h2" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 12pt; margin-left: 0pt; text-align: left;">11. Redeemable Convertible Preferred Stock and Stockholders’ Deficit </div> <div class="BRDSX_h3" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; font-weight: bold; margin-top: 7pt; margin-left: 20pt; text-align: left;">Redeemable Convertible Preferred Stock </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">As of December 31, 2023 and 2024, the Company had four and five classes of redeemable convertible preferred stock, respectively. As of December 31, 2023, redeemable convertible preferred stock consisted of the following (in thousands, except per share amounts): </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: left;"> <br/></div> <table cellpadding="0" cellspacing="0" class="BRDSX_fintab" style="width: 468pt; margin-left: auto; margin-right: auto; border-spacing: 0;"> <tr class="BRDSX_boxspacer"> <td style="height: 6pt; width: 240pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 3.44pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 3.44pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 38.65pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 3.44pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 3.44pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 42.67pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 3.43pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 3.43pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 34.36pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 3.43pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 3.43pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 37.5pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 3.43pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 3.43pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 40.45pt;"> <div style="font-size: 1pt;"> </div> </td> </tr> <tr class="BRDSX_header"> <td style="width: 240pt; padding-bottom: 2.13pt; text-align: left; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"> </div> </td> <td style="width: 3.44pt; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.44pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 38.65pt; padding-bottom: 2.13pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Shares </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Authorized</div> </td> <td style="width: 3.44pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.44pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 42.67pt; padding-bottom: 2.13pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Shares </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Issued and </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Outstanding</div> </td> <td style="width: 3.43pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.43pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 34.36pt; padding-bottom: 2.13pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Issuance </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Price </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Per Share</div> </td> <td style="width: 3.43pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.43pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-bottom: 2.13pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Carrying </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Value</div> </td> <td style="width: 3.43pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.43pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 40.45pt; padding-bottom: 2.13pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Aggregate </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Liquidation </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Preference </div> </td> </tr> <tr> <td style="width: 240pt; padding-top: 1.76pt; padding-bottom: 1.13pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Series Seed</div> </td> <td style="width: 3.44pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.44pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 38.65pt; padding-top: 1.76pt; padding-bottom: 1.13pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3.07pt; text-align: left;"><span style="padding-left: 5pt;">60,000</span></div> </td> <td style="width: 3.44pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.44pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 42.67pt; padding-top: 1.76pt; padding-bottom: 1.13pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 5.08pt; text-align: left;"><span style="padding-left: 5pt;">48,896</span></div> </td> <td style="width: 3.43pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.43pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 34.36pt; padding-top: 1.76pt; padding-bottom: 1.13pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 5.93pt; text-align: left;">$0.05</div> </td> <td style="width: 3.43pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.43pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 1.76pt; padding-bottom: 1.13pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -0.01pt; text-align: left;">$<span style="padding-left: 10pt;">2,205</span></div> </td> <td style="width: 3.43pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.43pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 40.45pt; padding-top: 1.76pt; padding-bottom: 1.13pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 1.48pt; text-align: left;">$<span style="padding-left: 10pt;">2,205 </span></div> </td> </tr> <tr> <td style="width: 240pt; padding-top: 0.76pt; padding-bottom: 1.13pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Series A</div> </td> <td style="width: 3.44pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.44pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 38.65pt; padding-top: 0.76pt; padding-bottom: 1.13pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3.07pt; text-align: left;"><span style="padding-left: 5pt;">24,182</span></div> </td> <td style="width: 3.44pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.44pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 42.67pt; padding-top: 0.76pt; padding-bottom: 1.13pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 5.08pt; text-align: left;"><span style="padding-left: 5pt;">19,879</span></div> </td> <td style="width: 3.43pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.43pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 34.36pt; padding-top: 0.76pt; padding-bottom: 1.13pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 5.93pt; text-align: left;"><span style="padding-left: 5pt;">0.12</span></div> </td> <td style="width: 3.43pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.43pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 0.76pt; padding-bottom: 1.13pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -0.01pt; text-align: left;"><span style="padding-left: 15pt;">2,316</span></div> </td> <td style="width: 3.43pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.43pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 40.45pt; padding-top: 0.76pt; padding-bottom: 1.13pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 1.48pt; text-align: left;"><span style="padding-left: 15pt;">2,316 </span></div> </td> </tr> <tr> <td style="width: 240pt; padding-top: 0.76pt; padding-bottom: 1.13pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Series B</div> </td> <td style="width: 3.44pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.44pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 38.65pt; padding-top: 0.76pt; padding-bottom: 1.13pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3.07pt; text-align: left;"><span style="padding-left: 5pt;">79,979</span></div> </td> <td style="width: 3.44pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.44pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 42.67pt; padding-top: 0.76pt; padding-bottom: 1.13pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 5.08pt; text-align: left;"><span style="padding-left: 5pt;">75,496</span></div> </td> <td style="width: 3.43pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.43pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 34.36pt; padding-top: 0.76pt; padding-bottom: 1.13pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 5.93pt; text-align: left;"><span style="padding-left: 5pt;">5.58</span></div> </td> <td style="width: 3.43pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.43pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 0.76pt; padding-bottom: 1.13pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -0.01pt; text-align: left;"><span style="padding-left: 5pt;">455,996</span></div> </td> <td style="width: 3.43pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.43pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 40.45pt; padding-top: 0.76pt; padding-bottom: 1.13pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 1.48pt; text-align: left;"><span style="padding-left: 5pt;">421,001 </span></div> </td> </tr> <tr> <td style="width: 240pt; padding-top: 0.76pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Series B-1</div> </td> <td style="width: 3.44pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.44pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 38.65pt; padding-top: 0.76pt; padding-bottom: 2.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3.07pt; text-align: left;"><span style="padding-left: 5pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">12,485</span></div> </td> <td style="width: 3.44pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.44pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 42.67pt; padding-top: 0.76pt; padding-bottom: 2.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 5.08pt; text-align: left;"><span style="padding-left: 5pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">10,407 </span></div> </td> <td style="width: 3.43pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.43pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 34.36pt; padding-top: 0.76pt; padding-bottom: 2.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 5.93pt; text-align: left;"><span style="padding-left: 5pt;">0.40 </span></div> </td> <td style="width: 3.43pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.43pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 0.76pt; padding-bottom: 2.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -0.01pt; text-align: left;"><span style="padding-left: 15pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">4,173 </span></div> </td> <td style="width: 3.43pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.43pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 40.45pt; padding-top: 0.76pt; padding-bottom: 2.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 1.48pt; text-align: left;"><span style="padding-left: 15pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">4,173 </span></div> </td> </tr> <tr> <td style="width: 240pt; padding-top: 2.01pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 10pt; text-align: left;">Total</div> </td> <td style="width: 3.44pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.44pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 38.65pt; padding-top: 2.01pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3.07pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">176,646</span></div> </td> <td style="width: 3.44pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.44pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 42.67pt; padding-top: 2.01pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 5.08pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">154,678</span></div> </td> <td style="width: 3.43pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.43pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 34.36pt; padding-top: 2.01pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 3.43pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.43pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 2.01pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -0.01pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$464,690</span></div> </td> <td style="width: 3.43pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.43pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 40.45pt; padding-top: 2.01pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 1.48pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$429,695</span></div> </td> </tr> <tr class="BRDSX_boxspacer"> <td style="height: 2.75pt; width: 240pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 3.44pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 3.44pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 38.65pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 3.44pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 3.44pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 42.67pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 3.43pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 3.43pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 34.36pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 3.43pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 3.43pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 37.5pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 3.43pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 3.43pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 40.45pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> </tr> </table> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6.75pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">As of December 31, 2024, redeemable convertible preferred stock consisted of the following (in thousands, except per share amounts): </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: left;"> <br/></div> <table cellpadding="0" cellspacing="0" class="BRDSX_fintab" style="width: 468pt; margin-left: auto; margin-right: auto; border-spacing: 0;"> <tr class="BRDSX_boxspacer"> <td style="height: 6pt; width: 228pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 3.43pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 3.43pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 38.65pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 3.43pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 3.43pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 42.67pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 3.43pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 3.43pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 34.36pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 3.43pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 3.43pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 45pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 3.43pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 3.43pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 45pt;"> <div style="font-size: 1pt;"> </div> </td> </tr> <tr class="BRDSX_header"> <td style="width: 228pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"> </div> </td> <td style="width: 3.43pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.43pt; border-bottom: none;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 38.65pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Shares </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Authorized</div> </td> <td style="width: 3.43pt; border-bottom: none;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.43pt; border-bottom: none;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 42.67pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Shares </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Issued and </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Outstanding</div> </td> <td style="width: 3.43pt; border-bottom: none;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.43pt; border-bottom: none;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 34.36pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Issuance </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Price </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Per Share</div> </td> <td style="width: 3.43pt; border-bottom: none;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.43pt; border-bottom: none;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Carrying </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Value</div> </td> <td style="width: 3.43pt; border-bottom: none;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.43pt; border-bottom: none;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Aggregate </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Liquidation </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Preference </div> </td> </tr> <tr> <td style="width: 228pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Series Seed</div> </td> <td style="width: 3.43pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.43pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 38.65pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3.08pt; text-align: left;"><span style="padding-left: 5pt;">60,000</span></div> </td> <td style="width: 3.43pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.43pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 42.67pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 5.08pt; text-align: left;"><span style="padding-left: 5pt;">45,567</span></div> </td> <td style="width: 3.43pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.43pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 34.36pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3.43pt; text-align: left;">$<span style="padding-left: 5pt;">0.05</span></div> </td> <td style="width: 3.43pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.43pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0.01pt; text-align: left;">$<span style="padding-left: 17.5pt;">2,039</span></div> </td> <td style="width: 3.43pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.43pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">$<span style="padding-left: 17.5pt;">2,039 </span></div> </td> </tr> <tr> <td style="width: 228pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Series A</div> </td> <td style="width: 3.43pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.43pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 38.65pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3.08pt; text-align: left;"><span style="padding-left: 5pt;">24,182</span></div> </td> <td style="width: 3.43pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.43pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 42.67pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 5.08pt; text-align: left;"><span style="padding-left: 5pt;">19,361</span></div> </td> <td style="width: 3.43pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.43pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 34.36pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3.43pt; text-align: left;"><span style="padding-left: 10pt;">0.12</span></div> </td> <td style="width: 3.43pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.43pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0.01pt; text-align: left;"><span style="padding-left: 22.5pt;">2,256</span></div> </td> <td style="width: 3.43pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.43pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 22.5pt;">2,256 </span></div> </td> </tr> <tr> <td style="width: 228pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Series B</div> </td> <td style="width: 3.43pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.43pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 38.65pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3.08pt; text-align: left;"><span style="padding-left: 5pt;">79,979</span></div> </td> <td style="width: 3.43pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.43pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 42.67pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 5.08pt; text-align: left;"><span style="padding-left: 5pt;">79,979</span></div> </td> <td style="width: 3.43pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.43pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 34.36pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3.43pt; text-align: left;"><span style="padding-left: 10pt;">5.58</span></div> </td> <td style="width: 3.43pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.43pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0.01pt; text-align: left;"><span style="padding-left: 12.5pt;">550,595</span></div> </td> <td style="width: 3.43pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.43pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 12.5pt;">446,002 </span></div> </td> </tr> <tr> <td style="width: 228pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Series B-1</div> </td> <td style="width: 3.43pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.43pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 38.65pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3.08pt; text-align: left;"><span style="padding-left: 5pt;">12,484</span></div> </td> <td style="width: 3.43pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.43pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 42.67pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 5.08pt; text-align: left;"><span style="padding-left: 5pt;">10,205</span></div> </td> <td style="width: 3.43pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.43pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 34.36pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3.43pt; text-align: left;"><span style="padding-left: 10pt;">0.40</span></div> </td> <td style="width: 3.43pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.43pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0.01pt; text-align: left;"><span style="padding-left: 22.5pt;">4,091</span></div> </td> <td style="width: 3.43pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.43pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 22.5pt;">4,091 </span></div> </td> </tr> <tr> <td style="width: 228pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Series C</div> </td> <td style="width: 3.43pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.43pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 38.65pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3.08pt; text-align: left;"><span style="padding-left: 5pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">29,523</span></div> </td> <td style="width: 3.43pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.43pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 42.67pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 5.08pt; text-align: left;"><span style="padding-left: 5pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">29,523</span></div> </td> <td style="width: 3.43pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.43pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 34.36pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3.43pt; text-align: left;"><span style="padding-left: 5pt;">38.95</span></div> </td> <td style="width: 3.43pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.43pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0.01pt; text-align: left;"><span style="padding-left: 5pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">1,163,130 </span></div> </td> <td style="width: 3.43pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.43pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 5pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">1,163,671 </span></div> </td> </tr> <tr> <td style="width: 228pt; padding-top: 2.26pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 10pt; text-align: left;">Total</div> </td> <td style="width: 3.43pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.43pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 38.65pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3.08pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">206,169</span></div> </td> <td style="width: 3.43pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.43pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 42.67pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 5.08pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">184,635</span></div> </td> <td style="width: 3.43pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.43pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 34.36pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 3.43pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.43pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0.01pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$</span><span style="padding-left: 0.74pt; border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">1,722,111</span></div> </td> <td style="width: 3.43pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.43pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$1,618,059</span></div> </td> </tr> <tr class="BRDSX_boxspacer"> <td style="height: 2.75pt; width: 228pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 3.43pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 3.43pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 38.65pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 3.43pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 3.43pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 42.67pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 3.43pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 3.43pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 34.36pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 3.43pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 3.43pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 45pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 3.43pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 3.43pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 45pt;"> <div style="font-size: 1pt;"> </div> </td> </tr> </table> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">In April 2023, the Company authorized a total of 79,978,760 shares of Series B redeemable convertible preferred stock, with a par value of $0.000005 per share and an original issue price of $5.58 per share, pursuant to an amendment of the certificate of incorporation. Additionally, the Company issued a total of 12,484,540 shares of Series B-1 redeemable convertible preferred stock, with a par value of $0.000005 per share to settle the outstanding principal and interest balance of the 2021 Unsecured Senior Subordinated Convertible Promissory Notes based on a conversion price, equal to the original issue price of $0.40 per share. Refer to <span style="font-style: italic;">Note 10—Debt</span> for additional information. </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">During the year ended December 31, 2023, the Company issued 75,495,640 shares of Series B redeemable convertible preferred stock for total gross proceeds of $421 million. At the time of the initial issuance, the Company granted an option to the lead investor, a related party, to purchase up to 40,348,040 shares of Series B redeemable convertible preferred stock over a period of up to nine months, at the original issuance price of $5.58 per share. The Series B tranche liability was required to be recognized as a liability as it represented a contract to purchase redeemable equity. A portion of the proceeds of the original issuance was allocated to the initial recognition of the liability. The liability was subsequently remeasured to fair value with changes in fair value recognized in earnings through the settlement date. In May 2023, 35,864,920 shares of Series B redeemable convertible preferred stock were issued upon exercise of the portion of the Series B tranche liability. In January 2024, 4,483,120 shares of Series B redeemable convertible preferred stock were issued upon exercise of the remaining portion of the Series B tranche liability. For the years ended December 31, 2023 and 2024, the Company recognized a fair value adjustment loss of $105 million and no material gain or loss, respectively, on the remeasurement of the Series B tranche liability. </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">In May 2024, the Company issued 29,523,120 shares of Series C redeemable convertible preferred stock with a par value of $0.000005 per share and an original issue price of $38.95 per share for total gross proceeds of $1.1 billion and incurred related issuance costs of $3 million. </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">The holders of the redeemable convertible preferred stock have the following rights, preferences, and privileges: </div> <div class="BRDSX_h4" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; margin-top: 15pt; margin-left: 20pt; text-align: left;">Voting </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">Except as provided by law or by the Company’s certificate of incorporation, the holders of redeemable convertible preferred stock have full voting rights, equivalent to the voting rights of holders of common stock, as if converted. The preferred stockholders vote together as a single class, except as provided by law or by the Company’s certificate of incorporation. </div> <div class="BRDSX_h4" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; margin-top: 15pt; margin-left: 20pt; text-align: left;">Dividends </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">Holders of the redeemable convertible preferred stock are entitled to participate in any dividends distributed to holders of common stock, as if converted. </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">Holders of the Series C redeemable convertible preferred stock are entitled to a cumulative dividend that accrues from day-to-day at a rate of 10% per annum of the accumulated stated value, which is initially equal to $38.95 per share. Cumulative dividends are payable quarterly and can be paid in cash, or paid in kind by being added to the accumulated stated value preference. The holders of Series C redeemable convertible preferred stock are entitled to receive the cumulative dividends prior and in preference to the payment of any other dividend. For the year ending December 31, 2024, the Company paid a total cash dividend of $59 million and a total PIK dividend, recognized at fair value, of $16 million. The PIK dividend payment increased the accumulated stated value of the Series C </div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6.75pt; margin-left: 0pt; text-align: justify;">Redeemable Preferred Stock by $14 million, which is equivalent to the amount that would have been paid in cash. This increased value will be used to calculate future quarterly dividends payable. </div> <div class="BRDSX_h4" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; margin-top: 16pt; margin-left: 20pt; text-align: left;">Conversion </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">Each share of redeemable convertible preferred stock is convertible at any time at the election of the holder into Class A common stock. The conversion rate is determined by dividing the original issue price, or in the case of the Series C, the accumulated stated value plus accrued and unpaid dividends (without double counting), by the conversion price at the time of conversion, with the conversion price initially equal to the original issue price, subject to customary anti-dilutive adjustments for stock splits, dividends, and other applicable corporate events. As of December 31, 2023, each share of redeemable convertible preferred stock was convertible into one share of Class A common stock. As of December 31, 2024, each share of Series Seed, Series A, Series B and Series B-1 redeemable convertible preferred stock was convertible into one share of Class A common stock and each share of Series C redeemable convertible preferred stock was convertible into 1.0119 shares of Class A common stock. </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">Conversion is mandatory upon the occurrence of either: (i) an IPO at a price per share of at least $6.97 resulting in at least $125 million in proceeds to the Company, net of underwriting discount and commissions, or (ii) the election by the holders of a majority of the redeemable convertible preferred stock, voting together as a single class, provided that the consent of holders of at least 20% of the then-outstanding Series B redeemable convertible preferred stock is required with respect to the Series B redeemable convertible preferred stock, and the consent of holders of at least 90% of the then-outstanding Series C redeemable convertible preferred stock is required with respect to the Series C redeemable convertible preferred stock if in connection with a Deemed Liquidation Event (as defined in the Company’s certificate of incorporation) in which the holders of Series C redeemable convertible preferred stock will receive consideration per share that is less than the accumulated stated value. </div> <div class="BRDSX_h4" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; margin-top: 16pt; margin-left: 20pt; text-align: left;">Liquidation Preference </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">In the event of any voluntary or involuntary liquidation, dissolution, or winding up of the Company, or any Deemed Liquidation Event (including mergers or consolidations), (i) first, holders of Series C redeemable convertible preferred stock are entitled to be paid out of any funds available for distribution, (ii) then, holders of Combined Series B Preferred Stock (Series B, Series B-1) are entitled to be paid out of any funds available for distribution, (iii) then, holders of Junior Preferred Stock (Series Seed, Series A) are entitled to be paid out of any funds available for distribution, and the holders of redeemable convertible preferred stock may elect to redeem their shares in the event the shares are not redeemed by the Company within 90 days of the consummation of such transactions, before any payments are made to holders of Junior Preferred Stock or common stock. Holders are entitled to the greater of: (x) the original issue price of such shares and in the case of the Series C redeemable convertible preferred stock, the accumulated stated value plus accrued and unpaid dividends, or (y) the amount per share that would have been payable had all redeemable convertible preferred stock been converted immediately prior to the liquidation. </div> <div class="BRDSX_h4" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; margin-top: 16.5pt; margin-left: 20pt; text-align: left;">Optional Redemption </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">The holders have the option, but not the obligation, to force the Company to redeem their shares for a redemption price equal to the accumulated stated value per share plus accrued and unpaid dividends, with such option being accelerated upon the occurrence of a change of control. In the event the Series C redeemable convertible preferred stock is converted upon an IPO, the holders will be entitled to redeem the common stock issued upon conversion of the Series C for $38.95 cash per share at the second anniversary of the first trading day after the IPO. The Company concluded that the redemption features were embedded within the respective shares of stock and were not required to be bifurcated because the redemption features would not meet the definition of a derivative if they were freestanding. </div> <div class="BRDSX_h4" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; margin-top: 16.5pt; margin-left: 20pt; text-align: left;">Protective Provisions </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">In addition to the rights and privileges listed for all redeemable convertible preferred stock, the Series B redeemable convertible preferred stock includes certain special rights, such as the ability to elect one member of the Company’s Board of Directors (“Board”), and protective rights, such as the ability to veto an increase in the authorized number of shares of Combined Series B Preferred Stock (Series B, Series B-1). Series C convertible preferred stock also includes protective rights, such as the ability to veto an increase in the authorized number of shares of Series C redeemable convertible preferred stock. </div> <div class="BRDSX_h4" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; margin-top: 6.75pt; margin-left: 20pt; text-align: left;">Classification of Redeemable Convertible Preferred Stock </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">Although the Company’s redeemable convertible preferred stock is not mandatorily redeemable, it is classified outside of stockholders’ deficit because it is contingently redeemable upon certain Deemed Liquidation Events outside the Company’s control. Accordingly, redeemable convertible preferred stock is presented outside of permanent equity in the mezzanine section of the consolidated balance sheets. With the exception of the Series C, the redeemable convertible common stock is not being remeasured to redemption value because the redemption rights are contingently exercisable upon the occurrence of events that are not within the control of the holders, the contingent events were not deemed probable of occurring at any time during the periods presented, and therefore, the instruments were not deemed probable of becoming redeemable. </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">The holders of the Series C redeemable convertible preferred stock are entitled to redeem their shares for cash on the date the put option becomes exercisable, without contingency. As a result, the carrying value of the Series C redeemable convertible preferred stock is being accreted to its redemption value over the period from issuance to when the redemption option first becomes exercisable. The cumulative dividends on the Series C redeemable convertible preferred stock are accrued as dividend liabilities in the event the Company elects to settle in cash, or included in the calculation of the accretion to redemption value in the event the Company elects to settle the cumulative dividend in kind. </div> <div class="BRDSX_h3" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; font-weight: bold; margin-top: 16pt; margin-left: 20pt; text-align: left;">Common Stock </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">As of December 31, 2023 and 2024, the Company was authorized to issue 469,030,700 and 690,680,000 shares of common stock, respectively, with a par value of $0.000005 per share. As of December 31, 2023, the Company had one class of common stock. During the year ended December 31, 2024, the Company’s certificate of incorporation was amended such that the Company’s common stock consists of Class A common stock and Class B common stock. Common stockholders are entitled to receive any dividends if and when declared by the Board, and upon liquidation or dissolution, are also entitled to receive all assets legally available for distribution to stockholders, ratably in proportion to the number of shares held, subject to the rights of preferred stockholders. As of December 31, 2023 and 2024, no dividends on the Company’s common stock had been declared by the Board. </div> <div class="BRDSX_h4" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; margin-top: 16pt; margin-left: 20pt; text-align: left;">Voting </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">Holders of Class A common stock are entitled to one vote per share. Holders of Class B common stock are entitled to one vote per share prior to the completion of the Company’s IPO. Upon the completion of the IPO, each share of Class B common stock will entitle the holder to ten votes per share. Holders of Class A common stock and Class B common stock vote together as a single class, except where otherwise required by law. </div> <div class="BRDSX_h4" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; margin-top: 16pt; margin-left: 20pt; text-align: left;">Conversion </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">Shares of Class B common stock are convertible at any time at the option of the holder into shares of Class A common stock on a one-to-one basis. In addition, each share of Class B common stock will automatically convert into a share of Class A common stock, as a result of certain events, including upon a non-permitted sale or transfer. Further, upon certain events specified in the certificate of incorporation, all outstanding shares of Class B common stock will convert automatically into shares of Class A common stock. Class A common stock is not convertible into any other class of shares. </div> <div class="BRDSX_h4" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; margin-top: 16.5pt; margin-left: 20pt; text-align: left;">Dividend and Liquidation Rights </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">Both Class A common stock and Class B common stock participate equally in any dividends declared by the Company, subject to the rights of preferred stockholders. In the event of liquidation, dissolution, or winding up of the Company, holders of Class A common stock and Class B common stock are entitled to share in any distribution of assets remaining after payment of liabilities, subject to the rights of preferred stockholders. </div> <div class="BRDSX_h3" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; font-weight: bold; margin-top: 16.5pt; margin-left: 20pt; text-align: left;">Treasury Stock </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">In October 2023, the Company agreed to repurchase 4,483,100 shares of callable Class A common stock at $7.15 per share in connection with shares issued pursuant to a stock purchase agreement with a customer. The aggregate purchase price of $32 million represented the approximate fair value of the shares, net of the fair value of the embedded call option, which was recorded as treasury stock on the consolidated balance sheets. </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6.75pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">In May 2024, the Company repurchased 2,104,900 shares of callable Class A common stock that were legally issued to Conductor. This action settled the Company’s liability to issue shares in connection with the business combination. Refer to <span style="font-style: italic;">Note 4—Business Combination </span>for additional information. </div> <div class="BRDSX_h3" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; font-weight: bold; margin-top: 20.5pt; margin-left: 20pt; text-align: left;">Stock Option Plan </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">In July 2019, the Company adopted a stock option plan (the “2019 Stock Option Plan” or the “Plan”). The purpose of the Plan is to provide incentives to attract, retain, and motivate eligible persons whose potential contributions are important to the success of the Company by offering those eligible persons an opportunity to participate in the Company’s future performance through the grant of awards of common stock. The total number of shares authorized by the Board to be issued under the Plan are 66,637,600 and 73,637,600 shares as of December 31, 2023 and 2024, respectively. In the event that shares previously issued under the Plan are reacquired by the Company pursuant to a forfeiture provision, right of first refusal, or repurchase by the Company, such shares shall be added back to the number of shares then available for issuance under the Plan. As of December 31, 2023 and 2024, 11,061,240 and 3,750,480 shares, respectively, were available for issuance under the Plan. </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">The Company may grant stock options to employees, contractors, or other entities in order to incentivize them to increase their efforts on behalf of the Company and to promote the success of the Company’s business. Stock options may be treated as incentive stock options or nonqualified stock options depending on the specific circumstances of an optionee’s relationship with the Company and the number of stock options vesting or exercised in a calendar year. Stock options granted under the Plan generally vest either over a three-year or four-year period. The Company may award stock options that are immediately exercisable, subject to a repurchase right. The Company may also grant stock options that allow for acceleration of vesting. The stock options granted under the Plan will expire after ten years from the time of their grant. The Company issues common stock upon the exercise of stock options. </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">The following table summarizes stock option activity under the Plan (share data and aggregate intrinsic value in thousands): </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: left;"> <br/></div> <table cellpadding="0" cellspacing="0" class="BRDSX_fintab" style="width: 468pt; margin-left: auto; margin-right: auto; border-spacing: 0;"> <tr class="BRDSX_boxspacer"> <td style="height: 6pt; width: 233pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 1.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 1.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 42.67pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 1.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 1.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 62.94pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 1.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 1.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 62.94pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 1.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 1.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 51.11pt;"> <div style="font-size: 1pt;"> </div> </td> </tr> <tr class="BRDSX_header"> <td style="width: 233pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"> </div> </td> <td style="width: 1.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 1.92pt; border-bottom: none;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 42.67pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Stock </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Options </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Outstanding</div> </td> <td style="width: 1.92pt; border-bottom: none;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 1.92pt; border-bottom: none;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 62.94pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Weighted-Average </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Exercise Price</div> </td> <td style="width: 1.92pt; border-bottom: none;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 1.92pt; border-bottom: none;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 62.94pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Weighted-Average </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Remaining </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Contractual </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Term (Years)</div> </td> <td style="width: 1.92pt; border-bottom: none;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 1.92pt; border-bottom: none;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 51.11pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Aggregate </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Intrinsic Value </div> </td> </tr> <tr> <td style="width: 233pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;">Balance at January 1, 2023</div> </td> <td style="width: 1.92pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 1.92pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 42.67pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 7.58pt; text-align: left;">32,655</div> </td> <td style="width: 1.92pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 1.92pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 62.94pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 20.21pt; text-align: left;">$0.33</div> </td> <td style="width: 1.92pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 1.92pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 62.94pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 28.97pt; text-align: left;">8</div> </td> <td style="width: 1.92pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 1.92pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 51.11pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3.05pt; text-align: left;">$<span style="padding-left: 12.5pt;">20,770 </span></div> </td> </tr> <tr> <td style="width: 233pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Granted</div> </td> <td style="width: 1.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 1.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 42.67pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 7.58pt; text-align: left;">23,300</div> </td> <td style="width: 1.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 1.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 62.94pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 20.21pt; text-align: left;"><span style="padding-left: 5pt;">3.48</span></div> </td> <td style="width: 1.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 1.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 62.94pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 1.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 1.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 51.11pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> </tr> <tr> <td style="width: 233pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Exercised</div> </td> <td style="width: 1.92pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 1.92pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 42.67pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 7.58pt; text-align: left;"><span style="padding-left: 1.67pt;">(4,337)</span></div> </td> <td style="width: 1.92pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 1.92pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 62.94pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 20.21pt; text-align: left;"><span style="padding-left: 5pt;">0.38</span></div> </td> <td style="width: 1.92pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 1.92pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 62.94pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 1.92pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 1.92pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 51.11pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> </tr> <tr> <td style="width: 233pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Forfeited, expired, or canceled</div> </td> <td style="width: 1.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 1.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 42.67pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 7.58pt; text-align: left;"><span style="padding-left: 9.17pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">(379)</span></div> </td> <td style="width: 1.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 1.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 62.94pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 20.21pt; text-align: left;"><span style="padding-left: 5pt;">1.70</span></div> </td> <td style="width: 1.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 1.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 62.94pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 1.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 1.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 51.11pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> </tr> <tr> <td style="width: 233pt; padding-top: 2.26pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;">Outstanding at December 31, 2023</div> </td> <td style="width: 1.92pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 1.92pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 42.67pt; padding-top: 2.26pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 7.58pt; text-align: left;">51,239</div> </td> <td style="width: 1.92pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 1.92pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 62.94pt; padding-top: 2.26pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 20.21pt; text-align: left;">$1.75</div> </td> <td style="width: 1.92pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 1.92pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 62.94pt; padding-top: 2.26pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 28.97pt; text-align: left;">8</div> </td> <td style="width: 1.92pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 1.92pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 51.11pt; padding-top: 2.26pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3.05pt; text-align: left;">$<span style="padding-left: 7.5pt;">795,013 </span></div> </td> </tr> <tr> <td style="width: 233pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 1.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 1.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 42.67pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 1.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 1.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 62.94pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 1.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 1.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 62.94pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 1.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 1.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 51.11pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> </tr> <tr> <td style="width: 233pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Granted</div> </td> <td style="width: 1.92pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 1.92pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 42.67pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 7.58pt; text-align: left;"><span style="padding-left: 17.5pt;">—</span></div> </td> <td style="width: 1.92pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 1.92pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 62.94pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 20.21pt; text-align: left;"><span style="padding-left: 12.5pt;">—</span></div> </td> <td style="width: 1.92pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 1.92pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 62.94pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 1.92pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 1.92pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 51.11pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> </tr> <tr> <td style="width: 233pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Exercised</div> </td> <td style="width: 1.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 1.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 42.67pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 7.58pt; text-align: left;"><span style="padding-left: 1.67pt;">(2,872)</span></div> </td> <td style="width: 1.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 1.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 62.94pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 20.21pt; text-align: left;"><span style="padding-left: 5pt;">1.01</span></div> </td> <td style="width: 1.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 1.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 62.94pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 1.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 1.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 51.11pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> </tr> <tr> <td style="width: 233pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Forfeited, expired, or canceled</div> </td> <td style="width: 1.92pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 1.92pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 42.67pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 7.58pt; text-align: left;"><span style="padding-left: 1.67pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">(1,148)</span></div> </td> <td style="width: 1.92pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 1.92pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 62.94pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 20.21pt; text-align: left;"><span style="padding-left: 5pt;">4.05</span></div> </td> <td style="width: 1.92pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 1.92pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 62.94pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 1.92pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 1.92pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 51.11pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> </tr> <tr> <td style="width: 233pt; padding-top: 2.26pt; padding-bottom: 3.63pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;">Outstanding at December 31, 2024</div> </td> <td style="width: 1.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 1.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 42.67pt; padding-top: 2.26pt; padding-bottom: 3.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 7.58pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">47,219</span></div> </td> <td style="width: 1.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 1.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 62.94pt; padding-top: 2.26pt; padding-bottom: 3.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 20.21pt; text-align: left;">$1.74</div> </td> <td style="width: 1.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 1.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 62.94pt; padding-top: 2.26pt; padding-bottom: 3.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 28.97pt; text-align: left;">7</div> </td> <td style="width: 1.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 1.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 51.11pt; padding-top: 2.26pt; padding-bottom: 3.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3.05pt; text-align: left;">$2,163,455 </div> </td> </tr> <tr> <td style="width: 233pt; padding-top: 3.26pt; padding-bottom: 3.63pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;">Vested and expected to vest at December 31, 2023</div> </td> <td style="width: 1.92pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 1.92pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 42.67pt; padding-top: 3.26pt; padding-bottom: 3.63pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 7.58pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">51,239</span></div> </td> <td style="width: 1.92pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 1.92pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 62.94pt; padding-top: 3.26pt; padding-bottom: 3.63pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 20.21pt; text-align: left;">$1.75</div> </td> <td style="width: 1.92pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 1.92pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 62.94pt; padding-top: 3.26pt; padding-bottom: 3.63pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 28.97pt; text-align: left;">8</div> </td> <td style="width: 1.92pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 1.92pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 51.11pt; padding-top: 3.26pt; padding-bottom: 3.63pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3.05pt; text-align: left;">$<span style="padding-left: 7.5pt;">795,013 </span></div> </td> </tr> <tr> <td style="width: 233pt; padding-top: 3.26pt; padding-bottom: 3.63pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;">Vested and expected to vest at December 31, 2024</div> </td> <td style="width: 1.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 1.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 42.67pt; padding-top: 3.26pt; padding-bottom: 3.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 7.58pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">47,219</span></div> </td> <td style="width: 1.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 1.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 62.94pt; padding-top: 3.26pt; padding-bottom: 3.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 20.21pt; text-align: left;">$1.74</div> </td> <td style="width: 1.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 1.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 62.94pt; padding-top: 3.26pt; padding-bottom: 3.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 28.97pt; text-align: left;">7</div> </td> <td style="width: 1.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 1.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 51.11pt; padding-top: 3.26pt; padding-bottom: 3.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3.05pt; text-align: left;">$2,163,455 </div> </td> </tr> <tr> <td style="width: 233pt; padding-top: 3.26pt; padding-bottom: 3.63pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;">Exercisable at December 31, 2023</div> </td> <td style="width: 1.92pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 1.92pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 42.67pt; padding-top: 3.26pt; padding-bottom: 3.63pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 7.58pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">24,356</span></div> </td> <td style="width: 1.92pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 1.92pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 62.94pt; padding-top: 3.26pt; padding-bottom: 3.63pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 20.21pt; text-align: left;">$0.37</div> </td> <td style="width: 1.92pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 1.92pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 62.94pt; padding-top: 3.26pt; padding-bottom: 3.63pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 28.97pt; text-align: left;">6</div> </td> <td style="width: 1.92pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 1.92pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 51.11pt; padding-top: 3.26pt; padding-bottom: 3.63pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3.05pt; text-align: left;">$<span style="padding-left: 7.87pt;">411,567 </span></div> </td> </tr> <tr> <td style="width: 233pt; padding-top: 3.26pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;">Exercisable at December 31, 2024</div> </td> <td style="width: 1.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 1.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 42.67pt; padding-top: 3.26pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 7.58pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">31,019</span></div> </td> <td style="width: 1.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 1.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 62.94pt; padding-top: 3.26pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 20.21pt; text-align: left;">$0.98</div> </td> <td style="width: 1.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 1.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 62.94pt; padding-top: 3.26pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 28.97pt; text-align: left;">6</div> </td> <td style="width: 1.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 1.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 51.11pt; padding-top: 3.26pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3.05pt; text-align: left;">$1,444,794</div> </td> </tr> <tr class="BRDSX_boxspacer"> <td style="height: 2.75pt; width: 233pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 1.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 1.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 42.67pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 1.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 1.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 62.94pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 1.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 1.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 62.94pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 1.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 1.92pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 51.11pt;"> <div style="font-size: 1pt;"> </div> </td> </tr> </table> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6.5pt; margin-left: 0pt; text-indent: 20pt; text-align: left;">The Company did not grant any stock options during the year ended December 31, 2024. </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">The weighted-average grant date fair value of stock options granted during the years ended December 31, 2022 and 2023 were $0.47 and $6.50 per share, respectively. </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">The aggregate grant date fair value of stock options vested during the years ended December 31, 2022, 2023, and 2024 were $2 million, $10 million, and $45 million, respectively. </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6.75pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">The aggregate intrinsic value of stock options exercised during the years ended December 31, 2022, 2023, and 2024, was $0 million, $38 million, and $117 million, respectively. The intrinsic value for options exercised is the difference between the estimated fair value of the stock and the exercise price of the stock option at the date of exercise. </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">The Black-Scholes option-pricing model assumptions used to value the employee stock options at the grant dates were as follows, presented on a weighted-average basis except for the fair value of common stock which is presented on a range basis: </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: left;"> <br/></div> <table cellpadding="0" cellspacing="0" class="BRDSX_fintab" style="width: 468pt; margin-left: auto; margin-right: auto; border-spacing: 0;"> <tr class="BRDSX_boxspacer"> <td style="height: 6pt; width: 336pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 6.76pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 6.76pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 49.99pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 6.76pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 6.76pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 54.99pt;"> <div style="font-size: 1pt;"> </div> </td> </tr> <tr class="BRDSX_header"> <td style="width: 336pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"> </div> </td> <td style="width: 6.76pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.76pt; border-bottom: none;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 49.99pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Year Ended </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">December 31, </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2022</div> </td> <td style="width: 6.76pt; border-bottom: none;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.76pt; border-bottom: none;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 54.99pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Year Ended </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">December 31, </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2023 </div> </td> </tr> <tr> <td style="width: 336pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Fair value of common stock</div> </td> <td style="width: 6.76pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.76pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 49.99pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; text-align: right;">$0.55 - 0.99</div> </td> <td style="width: 6.76pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.76pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 54.99pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; text-align: right;">$1.86 - 17.27 </div> </td> </tr> <tr> <td style="width: 336pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Expected volatility</div> </td> <td style="width: 6.76pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.76pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 49.99pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 20pt; text-align: left;">97%</div> </td> <td style="width: 6.76pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.76pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 54.99pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 22.5pt; text-align: left;">58% </div> </td> </tr> <tr> <td style="width: 336pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Expected term (in years)</div> </td> <td style="width: 6.76pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.76pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 49.99pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 20pt; text-align: left;"><span style="padding-left: 5pt;">6</span></div> </td> <td style="width: 6.76pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.76pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 54.99pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 22.5pt; text-align: left;"><span style="padding-left: 5pt;">6 </span></div> </td> </tr> <tr> <td style="width: 336pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Risk-free interest rate</div> </td> <td style="width: 6.76pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.76pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 49.99pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 20pt; text-align: left;"><span style="padding-left: 5pt;">4%</span></div> </td> <td style="width: 6.76pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.76pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 54.99pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 22.5pt; text-align: left;"><span style="padding-left: 5pt;">4% </span></div> </td> </tr> <tr> <td style="width: 336pt; padding-top: 1.01pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Expected dividend yield</div> </td> <td style="width: 6.76pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.76pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 49.99pt; padding-top: 1.01pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 20pt; text-align: left;"><span style="padding-left: 5pt;">0%</span></div> </td> <td style="width: 6.76pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.76pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 54.99pt; padding-top: 1.01pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 22.5pt; text-align: left;"><span style="padding-left: 5pt;">0%</span></div> </td> </tr> <tr class="BRDSX_boxspacer"> <td style="height: 2.75pt; width: 336pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 6.76pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 6.76pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 49.99pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 6.76pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 6.76pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 54.99pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> </tr> </table> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;">These assumptions and estimates were determined as follows: </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; margin-top: 6pt; margin-left: 20pt; text-indent: 20pt; text-align: justify;">Expected Volatility<span style="font-style: normal;">—As there is no public market for the Company’s common stock, the expected volatility was determined using the historical volatilities of publicly listed peer companies over a period equivalent to the expected term of the awards. </span></div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; margin-top: 6pt; margin-left: 20pt; text-indent: 20pt; text-align: justify;">Expected Term<span style="font-style: normal;">—The expected term represents the period that the stock-based awards are expected to be outstanding. For option grants that are considered to be “plain vanilla,” the Company determines the expected term using the simplified method. The simplified method deems the term to be the average of the time-to-vesting and the contractual life of the stock options. </span></div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; margin-top: 6pt; margin-left: 20pt; text-indent: 20pt; text-align: justify;">Risk-Free Interest Rate<span style="font-style: normal;">—The risk-free interest rate is based on the implied yield available on U.S. Treasury zero-coupon issues with an equivalent expected term of the stock options at the time of grant. </span></div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; margin-top: 6pt; margin-left: 20pt; text-indent: 20pt; text-align: justify;">Expected Dividend Yield<span style="font-style: normal;">—The expected dividend is assumed to be zero, as the Company has never paid dividends on its common stock and has no current plans to do so. </span></div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; margin-top: 6pt; margin-left: 20pt; text-indent: 20pt; text-align: justify;">Fair Value Per Share of the Company’s Common Stock<span style="font-style: normal;">—Because the Company’s common stock is not yet publicly traded, the Company must estimate the fair value of its common stock. The Board considers numerous objective and subjective factors to determine the fair value of the Company’s common stock at each meeting in which awards are approved. The factors considered include, but are not limited to: (i) the results of contemporaneous independent third-party valuations of the Company’s common stock, (ii) the prices, rights, preferences, and privileges of the Company’s redeemable convertible preferred stock relative to those of its common stock, (iii) the lack of marketability of the Company’s common stock, (iv) the Company’s actual operating and financial performance and estimated trends and prospects for its future performance current business conditions and financial projections, (v) the likelihood of achieving a liquidity event, such as an IPO, direct listing, or sale of the Company, given prevailing market conditions; and (vi) precedent transactions involving the Company’s shares. </span></div> <div class="BRDSX_h3" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; font-weight: bold; margin-top: 19pt; margin-left: 20pt; text-align: left;">Restricted Stock Units </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">RSUs granted typically vest over four years. The following table summarizes restricted stock unit activity under the Plan for the year ended December 31, 2024 (share data in thousands): </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: left;"> <br/></div> <table cellpadding="0" cellspacing="0" class="BRDSX_fintab" style="width: 468pt; margin-left: auto; margin-right: auto; border-spacing: 0;"> <tr class="BRDSX_boxspacer"> <td style="height: 6pt; width: 360pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 4.8pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 4.8pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 32.5pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 4.8pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 4.8pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 56.28pt;"> <div style="font-size: 1pt;"> </div> </td> </tr> <tr class="BRDSX_header"> <td style="width: 360pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"> </div> </td> <td style="width: 4.8pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.8pt; border-bottom: none;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 32.5pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Shares</div> </td> <td style="width: 4.8pt; border-bottom: none;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.8pt; border-bottom: none;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 56.28pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Weighted- </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Average Fair </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Value Per Share </div> </td> </tr> <tr> <td style="width: 360pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;">Balance at January 1, 2024</div> </td> <td style="width: 4.8pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.8pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 32.5pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -0.01pt; text-align: left;"><span style="padding-left: 22.5pt;">—</span></div> </td> <td style="width: 4.8pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.8pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 56.28pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 14.4pt; text-align: left;">$<span style="padding-left: 12.5pt;">— </span></div> </td> </tr> <tr> <td style="width: 360pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Granted</div> </td> <td style="width: 4.8pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.8pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 32.5pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -0.01pt; text-align: left;"> 15,733</div> </td> <td style="width: 4.8pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.8pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 56.28pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 14.4pt; text-align: left;"><span style="padding-left: 5pt;">38.56 </span></div> </td> </tr> <tr> <td style="width: 360pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Vested</div> </td> <td style="width: 4.8pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.8pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 32.5pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -0.01pt; text-align: left;"><span style="padding-left: 22.5pt;">—</span></div> </td> <td style="width: 4.8pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.8pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 56.28pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 14.4pt; text-align: left;"><span style="padding-left: 17.5pt;">— </span></div> </td> </tr> <tr> <td style="width: 360pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Forfeited, expired, or canceled</div> </td> <td style="width: 4.8pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.8pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 32.5pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -0.01pt; text-align: left;"><span style="padding-left: 14.17pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">(278)</span></div> </td> <td style="width: 4.8pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.8pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 56.28pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 14.4pt; text-align: left;"><span style="padding-left: 5pt;">25.18 </span></div> </td> </tr> <tr> <td style="width: 360pt; padding-top: 2.26pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;">Unvested balance at December 31, 2024</div> </td> <td style="width: 4.8pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.8pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 32.5pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -0.01pt; text-align: left;"><span style="padding-left: 5pt; border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">15,455</span></div> </td> <td style="width: 4.8pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.8pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 56.28pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 14.4pt; text-align: left;">$38.80</div> </td> </tr> <tr class="BRDSX_boxspacer"> <td style="height: 2.75pt; width: 360pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.8pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.8pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 32.5pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.8pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.8pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 56.28pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> </tr> </table> <div class="BRDSX_h3" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; font-weight: bold; margin-top: 6.75pt; margin-left: 20pt; text-align: left;">Secondary Transactions </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">In December 2023, certain employee and non-employee stockholders of the Company (the “2023 Selling Stockholders”) offered 41,476,000 shares of common stock (the “2023 Secondary Offering”). The Company did not offer any shares of common stock in the 2023 Secondary Offering and did not receive any proceeds from the sale of the shares of common stock by the 2023 Selling Stockholders. The 2023 Secondary Offering was conducted and led by a new investor and was determined to be an arms-length transaction at fair value. Accordingly, the Company did not record any compensation cost associated with the 2023 Secondary Offering. The Company incurred no costs in relation to the 2023 Secondary Offering for the year ended December 31, 2023. The Company received less than $1 million in cash (excluding withholding taxes) in connection with the exercise of 1,125,500 options by certain stockholders participating in the 2023 Secondary Offering. In conjunction with the 2023 Secondary Offering, 11,103,380 shares of Series Seed redeemable convertible preferred stock, 3,896,180 shares of Series A redeemable convertible preferred stock, and 2,077,980 shares of Series B-1 redeemable convertible preferred stock were converted to the equivalent number of shares of common stock to be included in the offering. </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">In October 2024, certain employees and non-employee stockholders of the Company (the “2024 Selling Stockholders”) offered 13,851,240 shares of Class A common stock to new and existing investors at a purchase price of $46.99 per share, equal to the estimated fair value of the stock at the time of the transaction (the “2024 Secondary Offering”). The Company did not offer any shares of common stock in the 2024 Secondary Offering and did not receive any proceeds from the sale of the shares of common stock by the 2024 Selling Stockholders. The 2024 Secondary Offering was determined to be an arms-length transaction at fair value. Accordingly, the Company did not record any compensation cost associated with the 2024 Secondary Offering. The Company incurred no costs in relation to the 2024 Secondary Offering for the year ended December 31, 2024. The Company received $1 million in cash (excluding withholding taxes) in connection with the exercise of 1,368,680 options by certain stockholders participating in the 2024 Secondary Offering. In conjunction with the 2024 Secondary Offering, 3,329,540 shares of Series Seed redeemable convertible preferred stock, 518,060 shares of Series A redeemable convertible preferred stock, 201,420 shares of Series B-1 redeemable convertible preferred stock, and 1,067,020 shares of Class B common stock were converted to the equivalent number of shares of Class A common stock to be included in the offering. </div> <div class="BRDSX_h3" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; font-weight: bold; margin-top: 20.5pt; margin-left: 20pt; text-align: left;">Stock-Based Compensation Expense </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">As of December 31, 2024, unrecognized stock-based compensation expense related to unvested stock options was $91 million, which is expected to be recognized over a weighted-average period of three years. </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">As of December 31, 2024, unrecognized stock-based compensation expense related to unvested RSUs was $600 million, which is expected to be recognized over a weighted-average period of two years. </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">The Company will record cumulative stock-based compensation expense related to the RSUs with performance-based vesting conditions in the period when its liquidity event is completed for the portion of the awards for which the relevant service condition has been satisfied with the remaining expense recognized over the remaining service period. If the effectiveness of a registration statement had occurred on December 31, 2024, the Company would have recorded $78 million of stock-based compensation expense related to these RSUs. </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">Total stock-based compensation expense recognized in the Company’s consolidated statements of operations was as follows (in thousands): </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: left;"> <br/></div> <table cellpadding="0" cellspacing="0" class="BRDSX_fintab" style="width: 468pt; margin-left: auto; margin-right: auto; border-spacing: 0;"> <tr class="BRDSX_boxspacer"> <td style="height: 6pt; width: 336pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 6.58pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 6.58pt;"> <div style="font-size: 1pt;"> </div> </td> <td colspan="7" style="height: 6pt; width: 118.82pt;"> <div style="font-size: 1pt;"> </div> </td> </tr> <tr class="BRDSX_header"> <td style="width: 336pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"> </div> </td> <td style="width: 6.58pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.58pt; border-bottom: none;"> <div style="font-size: 1pt;"> </div> </td> <td colspan="7" style="width: 118.82pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Year Ended </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">December 31, </div> </td> </tr> <tr class="BRDSX_header"> <td style="width: 336pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"> </div> </td> <td style="width: 6.58pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.58pt; border-bottom: none;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 27.5pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2022</div> </td> <td style="width: 6.58pt; border-bottom: none;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.58pt; border-bottom: none;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 32.5pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2023</div> </td> <td style="width: 6.58pt; border-bottom: none;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.58pt; border-bottom: none;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 32.5pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2024 </div> </td> </tr> <tr> <td style="width: 336pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Cost of revenue</div> </td> <td style="width: 6.58pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.58pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 27.5pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -0.01pt; text-align: left;">$<span style="padding-left: 7.5pt;">133</span></div> </td> <td style="width: 6.58pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.58pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 32.5pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0.01pt; text-align: left;">$<span style="padding-left: 12.5pt;">694</span></div> </td> <td style="width: 6.58pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.58pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 32.5pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">$<span style="padding-left: 5pt;">1,307 </span></div> </td> </tr> <tr> <td style="width: 336pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Technology and infrastructure</div> </td> <td style="width: 6.58pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.58pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 27.5pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -0.01pt; text-align: left;"><span style="padding-left: 12.5pt;">624</span></div> </td> <td style="width: 6.58pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.58pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 32.5pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0.01pt; text-align: left;"><span style="padding-left: 10pt;">7,100</span></div> </td> <td style="width: 6.58pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.58pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 32.5pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 5pt;">10,137 </span></div> </td> </tr> <tr> <td style="width: 336pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Sales and marketing</div> </td> <td style="width: 6.58pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.58pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 27.5pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -0.01pt; text-align: left;"><span style="padding-left: 17.5pt;">74</span></div> </td> <td style="width: 6.58pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.58pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 32.5pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0.01pt; text-align: left;"><span style="padding-left: 10pt;">1,740</span></div> </td> <td style="width: 6.58pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.58pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 32.5pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 10pt;">3,408 </span></div> </td> </tr> <tr> <td style="width: 336pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">General and administrative</div> </td> <td style="width: 6.58pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.58pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 27.5pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -0.01pt; text-align: left;"><span style="padding-left: 12.5pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">659</span></div> </td> <td style="width: 6.58pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.58pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 32.5pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0.01pt; text-align: left;"><span style="padding-left: 10pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">5,620</span></div> </td> <td style="width: 6.58pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.58pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 32.5pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 5pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">16,635 </span></div> </td> </tr> <tr> <td style="width: 336pt; padding-top: 2.26pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 10pt; text-align: left;">Total stock-based compensation expense</div> </td> <td style="width: 6.58pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.58pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 27.5pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -0.01pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$1,490</span></div> </td> <td style="width: 6.58pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.58pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 32.5pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0.01pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$15,154</span></div> </td> <td style="width: 6.58pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.58pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 32.5pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$31,487</span></div> </td> </tr> <tr class="BRDSX_boxspacer"> <td style="height: 2.75pt; width: 336pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 6.58pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 6.58pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 27.5pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 6.58pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 6.58pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 32.5pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 6.58pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 6.58pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 32.5pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> </tr> </table>

<div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">As of December 31, 2023 and 2024, the Company had four and five classes of redeemable convertible preferred stock, respectively. As of December 31, 2023, redeemable convertible preferred stock consisted of the following (in thousands, except per share amounts): </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: left;"> <br/></div> <table cellpadding="0" cellspacing="0" class="BRDSX_fintab" style="width: 468pt; margin-left: auto; margin-right: auto; border-spacing: 0;"> <tr class="BRDSX_boxspacer"> <td style="height: 6pt; width: 240pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 3.44pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 3.44pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 38.65pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 3.44pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 3.44pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 42.67pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 3.43pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 3.43pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 34.36pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 3.43pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 3.43pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 37.5pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 3.43pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 3.43pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 40.45pt;"> <div style="font-size: 1pt;"> </div> </td> </tr> <tr class="BRDSX_header"> <td style="width: 240pt; padding-bottom: 2.13pt; text-align: left; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"> </div> </td> <td style="width: 3.44pt; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.44pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 38.65pt; padding-bottom: 2.13pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Shares </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Authorized</div> </td> <td style="width: 3.44pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.44pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 42.67pt; padding-bottom: 2.13pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Shares </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Issued and </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Outstanding</div> </td> <td style="width: 3.43pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.43pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 34.36pt; padding-bottom: 2.13pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Issuance </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Price </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Per Share</div> </td> <td style="width: 3.43pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.43pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-bottom: 2.13pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Carrying </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Value</div> </td> <td style="width: 3.43pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.43pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 40.45pt; padding-bottom: 2.13pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Aggregate </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Liquidation </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Preference </div> </td> </tr> <tr> <td style="width: 240pt; padding-top: 1.76pt; padding-bottom: 1.13pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Series Seed</div> </td> <td style="width: 3.44pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.44pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 38.65pt; padding-top: 1.76pt; padding-bottom: 1.13pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3.07pt; text-align: left;"><span style="padding-left: 5pt;">60,000</span></div> </td> <td style="width: 3.44pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.44pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 42.67pt; padding-top: 1.76pt; padding-bottom: 1.13pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 5.08pt; text-align: left;"><span style="padding-left: 5pt;">48,896</span></div> </td> <td style="width: 3.43pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.43pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 34.36pt; padding-top: 1.76pt; padding-bottom: 1.13pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 5.93pt; text-align: left;">$0.05</div> </td> <td style="width: 3.43pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.43pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 1.76pt; padding-bottom: 1.13pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -0.01pt; text-align: left;">$<span style="padding-left: 10pt;">2,205</span></div> </td> <td style="width: 3.43pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.43pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 40.45pt; padding-top: 1.76pt; padding-bottom: 1.13pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 1.48pt; text-align: left;">$<span style="padding-left: 10pt;">2,205 </span></div> </td> </tr> <tr> <td style="width: 240pt; padding-top: 0.76pt; padding-bottom: 1.13pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Series A</div> </td> <td style="width: 3.44pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.44pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 38.65pt; padding-top: 0.76pt; padding-bottom: 1.13pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3.07pt; text-align: left;"><span style="padding-left: 5pt;">24,182</span></div> </td> <td style="width: 3.44pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.44pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 42.67pt; padding-top: 0.76pt; padding-bottom: 1.13pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 5.08pt; text-align: left;"><span style="padding-left: 5pt;">19,879</span></div> </td> <td style="width: 3.43pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.43pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 34.36pt; padding-top: 0.76pt; padding-bottom: 1.13pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 5.93pt; text-align: left;"><span style="padding-left: 5pt;">0.12</span></div> </td> <td style="width: 3.43pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.43pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 0.76pt; padding-bottom: 1.13pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -0.01pt; text-align: left;"><span style="padding-left: 15pt;">2,316</span></div> </td> <td style="width: 3.43pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.43pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 40.45pt; padding-top: 0.76pt; padding-bottom: 1.13pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 1.48pt; text-align: left;"><span style="padding-left: 15pt;">2,316 </span></div> </td> </tr> <tr> <td style="width: 240pt; padding-top: 0.76pt; padding-bottom: 1.13pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Series B</div> </td> <td style="width: 3.44pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.44pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 38.65pt; padding-top: 0.76pt; padding-bottom: 1.13pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3.07pt; text-align: left;"><span style="padding-left: 5pt;">79,979</span></div> </td> <td style="width: 3.44pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.44pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 42.67pt; padding-top: 0.76pt; padding-bottom: 1.13pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 5.08pt; text-align: left;"><span style="padding-left: 5pt;">75,496</span></div> </td> <td style="width: 3.43pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.43pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 34.36pt; padding-top: 0.76pt; padding-bottom: 1.13pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 5.93pt; text-align: left;"><span style="padding-left: 5pt;">5.58</span></div> </td> <td style="width: 3.43pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.43pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 0.76pt; padding-bottom: 1.13pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -0.01pt; text-align: left;"><span style="padding-left: 5pt;">455,996</span></div> </td> <td style="width: 3.43pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.43pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 40.45pt; padding-top: 0.76pt; padding-bottom: 1.13pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 1.48pt; text-align: left;"><span style="padding-left: 5pt;">421,001 </span></div> </td> </tr> <tr> <td style="width: 240pt; padding-top: 0.76pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Series B-1</div> </td> <td style="width: 3.44pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.44pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 38.65pt; padding-top: 0.76pt; padding-bottom: 2.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3.07pt; text-align: left;"><span style="padding-left: 5pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">12,485</span></div> </td> <td style="width: 3.44pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.44pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 42.67pt; padding-top: 0.76pt; padding-bottom: 2.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 5.08pt; text-align: left;"><span style="padding-left: 5pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">10,407 </span></div> </td> <td style="width: 3.43pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.43pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 34.36pt; padding-top: 0.76pt; padding-bottom: 2.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 5.93pt; text-align: left;"><span style="padding-left: 5pt;">0.40 </span></div> </td> <td style="width: 3.43pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.43pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 0.76pt; padding-bottom: 2.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -0.01pt; text-align: left;"><span style="padding-left: 15pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">4,173 </span></div> </td> <td style="width: 3.43pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.43pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 40.45pt; padding-top: 0.76pt; padding-bottom: 2.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 1.48pt; text-align: left;"><span style="padding-left: 15pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">4,173 </span></div> </td> </tr> <tr> <td style="width: 240pt; padding-top: 2.01pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 10pt; text-align: left;">Total</div> </td> <td style="width: 3.44pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.44pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 38.65pt; padding-top: 2.01pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3.07pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">176,646</span></div> </td> <td style="width: 3.44pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.44pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 42.67pt; padding-top: 2.01pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 5.08pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">154,678</span></div> </td> <td style="width: 3.43pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.43pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 34.36pt; padding-top: 2.01pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 3.43pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.43pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 2.01pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -0.01pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$464,690</span></div> </td> <td style="width: 3.43pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.43pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 40.45pt; padding-top: 2.01pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 1.48pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$429,695</span></div> </td> </tr> <tr class="BRDSX_boxspacer"> <td style="height: 2.75pt; width: 240pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 3.44pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 3.44pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 38.65pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 3.44pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 3.44pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 42.67pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 3.43pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 3.43pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 34.36pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 3.43pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 3.43pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 37.5pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 3.43pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 3.43pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 40.45pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> </tr> </table> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6.75pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">As of December 31, 2024, redeemable convertible preferred stock consisted of the following (in thousands, except per share amounts): </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: left;"> <br/></div> <table cellpadding="0" cellspacing="0" class="BRDSX_fintab" style="width: 468pt; margin-left: auto; margin-right: auto; border-spacing: 0;"> <tr class="BRDSX_boxspacer"> <td style="height: 6pt; width: 228pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 3.43pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 3.43pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 38.65pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 3.43pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 3.43pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 42.67pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 3.43pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 3.43pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 34.36pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 3.43pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 3.43pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 45pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 3.43pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 3.43pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 45pt;"> <div style="font-size: 1pt;"> </div> </td> </tr> <tr class="BRDSX_header"> <td style="width: 228pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"> </div> </td> <td style="width: 3.43pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.43pt; border-bottom: none;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 38.65pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Shares </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Authorized</div> </td> <td style="width: 3.43pt; border-bottom: none;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.43pt; border-bottom: none;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 42.67pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Shares </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Issued and </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Outstanding</div> </td> <td style="width: 3.43pt; border-bottom: none;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.43pt; border-bottom: none;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 34.36pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Issuance </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Price </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Per Share</div> </td> <td style="width: 3.43pt; border-bottom: none;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.43pt; border-bottom: none;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Carrying </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Value</div> </td> <td style="width: 3.43pt; border-bottom: none;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.43pt; border-bottom: none;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Aggregate </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Liquidation </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Preference </div> </td> </tr> <tr> <td style="width: 228pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Series Seed</div> </td> <td style="width: 3.43pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.43pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 38.65pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3.08pt; text-align: left;"><span style="padding-left: 5pt;">60,000</span></div> </td> <td style="width: 3.43pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.43pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 42.67pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 5.08pt; text-align: left;"><span style="padding-left: 5pt;">45,567</span></div> </td> <td style="width: 3.43pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.43pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 34.36pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3.43pt; text-align: left;">$<span style="padding-left: 5pt;">0.05</span></div> </td> <td style="width: 3.43pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.43pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0.01pt; text-align: left;">$<span style="padding-left: 17.5pt;">2,039</span></div> </td> <td style="width: 3.43pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.43pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">$<span style="padding-left: 17.5pt;">2,039 </span></div> </td> </tr> <tr> <td style="width: 228pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Series A</div> </td> <td style="width: 3.43pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.43pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 38.65pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3.08pt; text-align: left;"><span style="padding-left: 5pt;">24,182</span></div> </td> <td style="width: 3.43pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.43pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 42.67pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 5.08pt; text-align: left;"><span style="padding-left: 5pt;">19,361</span></div> </td> <td style="width: 3.43pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.43pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 34.36pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3.43pt; text-align: left;"><span style="padding-left: 10pt;">0.12</span></div> </td> <td style="width: 3.43pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.43pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0.01pt; text-align: left;"><span style="padding-left: 22.5pt;">2,256</span></div> </td> <td style="width: 3.43pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.43pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 22.5pt;">2,256 </span></div> </td> </tr> <tr> <td style="width: 228pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Series B</div> </td> <td style="width: 3.43pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.43pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 38.65pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3.08pt; text-align: left;"><span style="padding-left: 5pt;">79,979</span></div> </td> <td style="width: 3.43pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.43pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 42.67pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 5.08pt; text-align: left;"><span style="padding-left: 5pt;">79,979</span></div> </td> <td style="width: 3.43pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.43pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 34.36pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3.43pt; text-align: left;"><span style="padding-left: 10pt;">5.58</span></div> </td> <td style="width: 3.43pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.43pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0.01pt; text-align: left;"><span style="padding-left: 12.5pt;">550,595</span></div> </td> <td style="width: 3.43pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.43pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 12.5pt;">446,002 </span></div> </td> </tr> <tr> <td style="width: 228pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Series B-1</div> </td> <td style="width: 3.43pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.43pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 38.65pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3.08pt; text-align: left;"><span style="padding-left: 5pt;">12,484</span></div> </td> <td style="width: 3.43pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.43pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 42.67pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 5.08pt; text-align: left;"><span style="padding-left: 5pt;">10,205</span></div> </td> <td style="width: 3.43pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.43pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 34.36pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3.43pt; text-align: left;"><span style="padding-left: 10pt;">0.40</span></div> </td> <td style="width: 3.43pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.43pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0.01pt; text-align: left;"><span style="padding-left: 22.5pt;">4,091</span></div> </td> <td style="width: 3.43pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.43pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 22.5pt;">4,091 </span></div> </td> </tr> <tr> <td style="width: 228pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Series C</div> </td> <td style="width: 3.43pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.43pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 38.65pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3.08pt; text-align: left;"><span style="padding-left: 5pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">29,523</span></div> </td> <td style="width: 3.43pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.43pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 42.67pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 5.08pt; text-align: left;"><span style="padding-left: 5pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">29,523</span></div> </td> <td style="width: 3.43pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.43pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 34.36pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3.43pt; text-align: left;"><span style="padding-left: 5pt;">38.95</span></div> </td> <td style="width: 3.43pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.43pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0.01pt; text-align: left;"><span style="padding-left: 5pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">1,163,130 </span></div> </td> <td style="width: 3.43pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.43pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 5pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">1,163,671 </span></div> </td> </tr> <tr> <td style="width: 228pt; padding-top: 2.26pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 10pt; text-align: left;">Total</div> </td> <td style="width: 3.43pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.43pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 38.65pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3.08pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">206,169</span></div> </td> <td style="width: 3.43pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.43pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 42.67pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 5.08pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">184,635</span></div> </td> <td style="width: 3.43pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.43pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 34.36pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 3.43pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.43pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0.01pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$</span><span style="padding-left: 0.74pt; border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">1,722,111</span></div> </td> <td style="width: 3.43pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.43pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$1,618,059</span></div> </td> </tr> <tr class="BRDSX_boxspacer"> <td style="height: 2.75pt; width: 228pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 3.43pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 3.43pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 38.65pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 3.43pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 3.43pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 42.67pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 3.43pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 3.43pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 34.36pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 3.43pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 3.43pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 45pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 3.43pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 3.43pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 45pt;"> <div style="font-size: 1pt;"> </div> </td> </tr> </table>

60000000

48896000

0.05

2205000

24182000

19879000

0.12

2316000

79979000

75496000

5.58

455996000

421001000

12485000

10407000

0.4

4173000

176646000

154678000

464690000

429695000

60000000

45567000

0.05

2039000

24182000

19361000

0.12

2256000

79979000

5.58

550595000

446002000

10205000

0.4

4091000

29523000

38.95

1163130000

1163671000

206169000

184635000

1722111000

1618059000

79978760

0.000005

5.58 12484540

0.000005

0.4 75495640

421000000

40348040

P9M 5.58 35864920 4483120

-105000000

29523120

0.000005

38.95

1100000000

3000000

0.10

38.95

59000000

16000000

14000000

1.0119

6.97 125000000 0.20 0.90 P90D 38.95

469030700

690680000

0.000005

1 1 10

4483100

7.15

32000000

2104900

66637600

73637600

11061240

3750480

P3Y

P4Y

P10Y

32655000

0.33

P8Y

20770000

23300000

3.48

4337000

0.38

379000

1.7

51239000

1.75

P8Y

795013000

2872000

1.01

1148000

4.05

47219000

1.74

P7Y

2163455000

51239000

1.75

P8Y

795013000

47219000

1.74

P7Y

2163455000

24356000

0.37

P6Y

411567000

31019000

0.98

P6Y

1444794000

0.47

6.5

2000000

10000000

45000000

38000000

117000000

<div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">The Black-Scholes option-pricing model assumptions used to value the employee stock options at the grant dates were as follows, presented on a weighted-average basis except for the fair value of common stock which is presented on a range basis: </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: left;"> <br/></div> <table cellpadding="0" cellspacing="0" class="BRDSX_fintab" style="width: 468pt; margin-left: auto; margin-right: auto; border-spacing: 0;"> <tr class="BRDSX_boxspacer"> <td style="height: 6pt; width: 336pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 6.76pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 6.76pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 49.99pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 6.76pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 6.76pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 54.99pt;"> <div style="font-size: 1pt;"> </div> </td> </tr> <tr class="BRDSX_header"> <td style="width: 336pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"> </div> </td> <td style="width: 6.76pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.76pt; border-bottom: none;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 49.99pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Year Ended </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">December 31, </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2022</div> </td> <td style="width: 6.76pt; border-bottom: none;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.76pt; border-bottom: none;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 54.99pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Year Ended </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">December 31, </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2023 </div> </td> </tr> <tr> <td style="width: 336pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Fair value of common stock</div> </td> <td style="width: 6.76pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.76pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 49.99pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; text-align: right;">$0.55 - 0.99</div> </td> <td style="width: 6.76pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.76pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 54.99pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; text-align: right;">$1.86 - 17.27 </div> </td> </tr> <tr> <td style="width: 336pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Expected volatility</div> </td> <td style="width: 6.76pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.76pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 49.99pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 20pt; text-align: left;">97%</div> </td> <td style="width: 6.76pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.76pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 54.99pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 22.5pt; text-align: left;">58% </div> </td> </tr> <tr> <td style="width: 336pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Expected term (in years)</div> </td> <td style="width: 6.76pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.76pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 49.99pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 20pt; text-align: left;"><span style="padding-left: 5pt;">6</span></div> </td> <td style="width: 6.76pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.76pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 54.99pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 22.5pt; text-align: left;"><span style="padding-left: 5pt;">6 </span></div> </td> </tr> <tr> <td style="width: 336pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Risk-free interest rate</div> </td> <td style="width: 6.76pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.76pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 49.99pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 20pt; text-align: left;"><span style="padding-left: 5pt;">4%</span></div> </td> <td style="width: 6.76pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.76pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 54.99pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 22.5pt; text-align: left;"><span style="padding-left: 5pt;">4% </span></div> </td> </tr> <tr> <td style="width: 336pt; padding-top: 1.01pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Expected dividend yield</div> </td> <td style="width: 6.76pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.76pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 49.99pt; padding-top: 1.01pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 20pt; text-align: left;"><span style="padding-left: 5pt;">0%</span></div> </td> <td style="width: 6.76pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.76pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 54.99pt; padding-top: 1.01pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 22.5pt; text-align: left;"><span style="padding-left: 5pt;">0%</span></div> </td> </tr> <tr class="BRDSX_boxspacer"> <td style="height: 2.75pt; width: 336pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 6.76pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 6.76pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 49.99pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 6.76pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 6.76pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 54.99pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> </tr> </table>

0.55

0.99

1.86

17.27

0.97

0.58

P6Y

0.04

<div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">RSUs granted typically vest over four years. The following table summarizes restricted stock unit activity under the Plan for the year ended December 31, 2024 (share data in thousands): </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: left;"> <br/></div> <table cellpadding="0" cellspacing="0" class="BRDSX_fintab" style="width: 468pt; margin-left: auto; margin-right: auto; border-spacing: 0;"> <tr class="BRDSX_boxspacer"> <td style="height: 6pt; width: 360pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 4.8pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 4.8pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 32.5pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 4.8pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 4.8pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 56.28pt;"> <div style="font-size: 1pt;"> </div> </td> </tr> <tr class="BRDSX_header"> <td style="width: 360pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"> </div> </td> <td style="width: 4.8pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.8pt; border-bottom: none;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 32.5pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Shares</div> </td> <td style="width: 4.8pt; border-bottom: none;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.8pt; border-bottom: none;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 56.28pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Weighted- </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Average Fair </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Value Per Share </div> </td> </tr> <tr> <td style="width: 360pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;">Balance at January 1, 2024</div> </td> <td style="width: 4.8pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.8pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 32.5pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -0.01pt; text-align: left;"><span style="padding-left: 22.5pt;">—</span></div> </td> <td style="width: 4.8pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.8pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 56.28pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 14.4pt; text-align: left;">$<span style="padding-left: 12.5pt;">— </span></div> </td> </tr> <tr> <td style="width: 360pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Granted</div> </td> <td style="width: 4.8pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.8pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 32.5pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -0.01pt; text-align: left;"> 15,733</div> </td> <td style="width: 4.8pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.8pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 56.28pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 14.4pt; text-align: left;"><span style="padding-left: 5pt;">38.56 </span></div> </td> </tr> <tr> <td style="width: 360pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Vested</div> </td> <td style="width: 4.8pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.8pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 32.5pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -0.01pt; text-align: left;"><span style="padding-left: 22.5pt;">—</span></div> </td> <td style="width: 4.8pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.8pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 56.28pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 14.4pt; text-align: left;"><span style="padding-left: 17.5pt;">— </span></div> </td> </tr> <tr> <td style="width: 360pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Forfeited, expired, or canceled</div> </td> <td style="width: 4.8pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.8pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 32.5pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -0.01pt; text-align: left;"><span style="padding-left: 14.17pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">(278)</span></div> </td> <td style="width: 4.8pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.8pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 56.28pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 14.4pt; text-align: left;"><span style="padding-left: 5pt;">25.18 </span></div> </td> </tr> <tr> <td style="width: 360pt; padding-top: 2.26pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;">Unvested balance at December 31, 2024</div> </td> <td style="width: 4.8pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.8pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 32.5pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -0.01pt; text-align: left;"><span style="padding-left: 5pt; border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">15,455</span></div> </td> <td style="width: 4.8pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.8pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 56.28pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 14.4pt; text-align: left;">$38.80</div> </td> </tr> <tr class="BRDSX_boxspacer"> <td style="height: 2.75pt; width: 360pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.8pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.8pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 32.5pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.8pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.8pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 56.28pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> </tr> </table>

P4Y

15733000

38.56

278000

25.18

15455000

38.8

41476000

1000000

1125500

11103380

3896180

2077980

13851240

46.99

1000000

1368680

3329540

518060

201420

1067020

91000000

P3Y

600000000

P2Y

78000000

133000

694000

1307000

624000

7100000

10137000

74000

1740000

3408000

659000

5620000

16635000

1490000

15154000

31487000

<div class="BRDSX_h2" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 6.75pt; margin-left: 0pt; text-align: left;">12. Income Taxes </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">The components of the net loss before the provision for (benefit from) income taxes were as follows (in thousands): </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: left;"> <br/></div> <table cellpadding="0" cellspacing="0" class="BRDSX_fintab" style="width: 468pt; margin-left: auto; margin-right: auto; border-spacing: 0;"> <tr class="BRDSX_boxspacer"> <td style="height: 6pt; width: 312pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 6.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 6.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td colspan="7" style="height: 6pt; width: 143.17pt;"> <div style="font-size: 1pt;"> </div> </td> </tr> <tr class="BRDSX_header"> <td style="width: 312pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"> </div> </td> <td style="width: 6.42pt; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.42pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td colspan="7" style="width: 143.17pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Year Ended December 31, </div> </td> </tr> <tr class="BRDSX_header"> <td style="width: 312pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"> </div> </td> <td style="width: 6.42pt; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.42pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 35.83pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2022</div> </td> <td style="width: 6.42pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.42pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 40.83pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2023</div> </td> <td style="width: 6.42pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.42pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 40.83pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2024 </div> </td> </tr> <tr> <td style="width: 312pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Domestic</div> </td> <td style="width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 35.83pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">$(35,016)</div> </td> <td style="width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 40.83pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">$(558,047)</div> </td> <td style="width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 40.83pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">$(743,667) </div> </td> </tr> <tr> <td style="width: 312pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Foreign</div> </td> <td style="width: 6.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 35.83pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 25.83pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">—</span></div> </td> <td style="width: 6.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 40.83pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 30.83pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">—</span></div> </td> <td style="width: 6.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 40.83pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 22.5pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">(534)</span></div> </td> </tr> <tr> <td style="width: 312pt; padding-top: 2.26pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 10pt; text-align: left;">Net loss before the provision for (benefit from) income taxes</div> </td> <td style="width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 35.83pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$(35,016)</span></div> </td> <td style="width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 40.83pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$(558,047)</span></div> </td> <td style="width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 40.83pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$(744,201)</span></div> </td> </tr> <tr class="BRDSX_boxspacer"> <td style="height: 2.75pt; width: 312pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 35.83pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 40.83pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 40.83pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> </tr> </table> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;">The provision (benefit) for income taxes consists of the following <span style="font-style: italic;">(</span>in thousands<span style="font-style: italic;">)</span>: </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: left;"> <br/></div> <table cellpadding="0" cellspacing="0" class="BRDSX_fintab" style="width: 468pt; margin-left: auto; margin-right: auto; border-spacing: 0;"> <tr class="BRDSX_boxspacer"> <td style="height: 6pt; width: 336pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 5.2pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 5.2pt;"> <div style="font-size: 1pt;"> </div> </td> <td colspan="7" style="height: 6pt; width: 121.59pt;"> <div style="font-size: 1pt;"> </div> </td> </tr> <tr class="BRDSX_header"> <td style="width: 336pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"> </div> </td> <td style="width: 5.2pt; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.2pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td colspan="7" style="width: 121.59pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Year Ended December 31, </div> </td> </tr> <tr class="BRDSX_header"> <td style="width: 336pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"> </div> </td> <td style="width: 5.2pt; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.2pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 30.83pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2022</div> </td> <td style="width: 5.19pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.19pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 32.5pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2023</div> </td> <td style="width: 5.19pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.19pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2024 </div> </td> </tr> <tr> <td style="width: 336pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;">Current: </div> </td> <td style="width: 5.2pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.2pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 30.83pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 5.19pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.19pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 32.5pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 5.19pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.19pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> </tr> <tr> <td style="width: 336pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Federal</div> </td> <td style="width: 5.2pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.2pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 30.83pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -0.01pt; text-align: left;">$(1,664)</div> </td> <td style="width: 5.19pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.19pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 32.5pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -0.01pt; text-align: left;">$<span style="padding-left: 17.5pt;">—</span></div> </td> <td style="width: 5.19pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.19pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -0.01pt; text-align: left;">$<span style="padding-left: 22.5pt;">— </span></div> </td> </tr> <tr> <td style="width: 336pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">State</div> </td> <td style="width: 5.2pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.2pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 30.83pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -0.01pt; text-align: left;"><span style="padding-left: 12.5pt;">(226)</span></div> </td> <td style="width: 5.19pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.19pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 32.5pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -0.01pt; text-align: left;"><span style="padding-left: 22.5pt;">—</span></div> </td> <td style="width: 5.19pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.19pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -0.01pt; text-align: left;"><span style="padding-left: 15pt;">6,306</span></div> </td> </tr> <tr> <td style="width: 336pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Foreign</div> </td> <td style="width: 5.2pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.2pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 30.83pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -0.01pt; text-align: left;"><span style="padding-left: 20.83pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">—</span></div> </td> <td style="width: 5.19pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.19pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 32.5pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -0.01pt; text-align: left;"><span style="padding-left: 22.5pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">—</span></div> </td> <td style="width: 5.19pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.19pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -0.01pt; text-align: left;"><span style="padding-left: 22.5pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">155</span></div> </td> </tr> <tr> <td style="width: 336pt; padding-top: 2.26pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 10pt; text-align: left;">Total current income tax expense (benefit)</div> </td> <td style="width: 5.2pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.2pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 30.83pt; padding-top: 2.26pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -0.01pt; text-align: left;"><span style="padding-left: 5pt;">(1,890)</span></div> </td> <td style="width: 5.19pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.19pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 32.5pt; padding-top: 2.26pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -0.01pt; text-align: left;"><span style="padding-left: 22.5pt;">—</span></div> </td> <td style="width: 5.19pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.19pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 2.26pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -0.01pt; text-align: left;"><span style="padding-left: 15pt;">6,461</span></div> </td> </tr> <tr> <td style="width: 336pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;">Deferred: </div> </td> <td style="width: 5.2pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.2pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 30.83pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 5.19pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.19pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 32.5pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 5.19pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.19pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> </tr> <tr> <td style="width: 336pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Federal</div> </td> <td style="width: 5.2pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.2pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 30.83pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -0.01pt; text-align: left;"><span style="padding-left: 5pt;">(1,697)</span></div> </td> <td style="width: 5.19pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.19pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 32.5pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -0.01pt; text-align: left;"><span style="padding-left: 5pt;">35,765</span></div> </td> <td style="width: 5.19pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.19pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -0.01pt; text-align: left;"><span style="padding-left: 5pt;">109,010</span></div> </td> </tr> <tr> <td style="width: 336pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">State</div> </td> <td style="width: 5.2pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.2pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 30.83pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -0.01pt; text-align: left;"><span style="padding-left: 12.5pt;">(563)</span></div> </td> <td style="width: 5.19pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.19pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 32.5pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -0.01pt; text-align: left;"><span style="padding-left: 19.17pt;">(64)</span></div> </td> <td style="width: 5.19pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.19pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -0.01pt; text-align: left;"><span style="padding-left: 15pt;">3,196</span></div> </td> </tr> <tr> <td style="width: 336pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Foreign</div> </td> <td style="width: 5.2pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.2pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 30.83pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -0.01pt; text-align: left;"><span style="padding-left: 20.83pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">—</span></div> </td> <td style="width: 5.19pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.19pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 32.5pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -0.01pt; text-align: left;"><span style="padding-left: 22.5pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">—</span></div> </td> <td style="width: 5.19pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.19pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -0.01pt; text-align: left;"><span style="padding-left: 22.5pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">580</span></div> </td> </tr> <tr> <td style="width: 336pt; padding-top: 2.26pt; padding-bottom: 2.63pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 10pt; text-align: left;">Total deferred income tax expense (benefit)</div> </td> <td style="width: 5.2pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.2pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 30.83pt; padding-top: 2.26pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -0.01pt; text-align: left;"><span style="padding-left: 5pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">(2,260)</span></div> </td> <td style="width: 5.19pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.19pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 32.5pt; padding-top: 2.26pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -0.01pt; text-align: left;"><span style="padding-left: 5pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">35,701</span></div> </td> <td style="width: 5.19pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.19pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 2.26pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -0.01pt; text-align: left;"><span style="padding-left: 5.37pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">112,786</span></div> </td> </tr> <tr> <td style="width: 336pt; padding-top: 2.26pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 10pt; text-align: left;">Total provision for (benefit from) income taxes</div> </td> <td style="width: 5.2pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.2pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 30.83pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -0.01pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$(4,150)</span></div> </td> <td style="width: 5.19pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.19pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 32.5pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -0.01pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$35,701</span></div> </td> <td style="width: 5.19pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.19pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -0.01pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$</span><span style="padding-left: 0.37pt; border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">119,247</span></div> </td> </tr> <tr class="BRDSX_boxspacer"> <td style="height: 2.75pt; width: 336pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 5.2pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 5.2pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 30.83pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 5.19pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 5.19pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 32.5pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 5.19pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 5.19pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 37.5pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> </tr> </table> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">The following table presents the reconciliation of the statutory federal income tax rate to the Company’s effective tax rate: </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: left;"> <br/></div> <table cellpadding="0" cellspacing="0" class="BRDSX_fintab" style="width: 468pt; margin-left: auto; margin-right: auto; border-spacing: 0;"> <tr class="BRDSX_boxspacer"> <td style="height: 6pt; width: 336pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 8.91pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 8.91pt;"> <div style="font-size: 1pt;"> </div> </td> <td colspan="7" style="height: 6pt; width: 114.19pt;"> <div style="font-size: 1pt;"> </div> </td> </tr> <tr class="BRDSX_header"> <td style="width: 336pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"> </div> </td> <td style="width: 8.91pt; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 8.91pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td colspan="7" style="width: 114.19pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Year Ended December 31, </div> </td> </tr> <tr class="BRDSX_header"> <td style="width: 336pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"> </div> </td> <td style="width: 8.91pt; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 8.91pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 23.96pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2022</div> </td> <td style="width: 8.91pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 8.91pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 27.3pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2023</div> </td> <td style="width: 8.91pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 8.91pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 27.29pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2024 </div> </td> </tr> <tr> <td style="width: 336pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">U.S. federal tax benefit at statutory rate</div> </td> <td style="width: 8.91pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 8.91pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 23.96pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3.23pt; text-align: left;">21.0%</div> </td> <td style="width: 8.91pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 8.91pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 27.3pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3.23pt; text-align: left;"><span style="padding-left: 3.33pt;">21.0%</span></div> </td> <td style="width: 8.91pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 8.91pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 27.29pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3.23pt; text-align: left;"><span style="padding-left: 3.33pt;">21.0%</span></div> </td> </tr> <tr> <td style="width: 336pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">State income taxes, net of federal benefit</div> </td> <td style="width: 8.91pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 8.91pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 23.96pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3.23pt; text-align: left;"><span style="padding-left: 5pt;">4.1</span></div> </td> <td style="width: 8.91pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 8.91pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 27.3pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3.23pt; text-align: left;"><span style="padding-left: 8.33pt;">0.1</span></div> </td> <td style="width: 8.91pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 8.91pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 27.29pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3.23pt; text-align: left;"><span style="padding-left: 8.33pt;">0.1</span></div> </td> </tr> <tr> <td style="width: 336pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Stock-based compensation</div> </td> <td style="width: 8.91pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 8.91pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 23.96pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3.23pt; text-align: left;"><span style="padding-left: 1.67pt;">(0.4)</span></div> </td> <td style="width: 8.91pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 8.91pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 27.3pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3.23pt; text-align: left;"><span style="padding-left: 8.33pt;">0.5</span></div> </td> <td style="width: 8.91pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 8.91pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 27.29pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3.23pt; text-align: left;"><span style="padding-left: 8.33pt;">1.9</span></div> </td> </tr> <tr> <td style="width: 336pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Foreign tax rate differential</div> </td> <td style="width: 8.91pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 8.91pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 23.96pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3.23pt; text-align: left;"><span style="padding-left: 7.5pt;">—</span></div> </td> <td style="width: 8.91pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 8.91pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 27.3pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3.23pt; text-align: left;"><span style="padding-left: 10.83pt;">—</span></div> </td> <td style="width: 8.91pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 8.91pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 27.29pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3.23pt; text-align: left;"><span style="padding-left: 5pt;">(0.1)</span></div> </td> </tr> <tr> <td style="width: 336pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Convertible interest</div> </td> <td style="width: 8.91pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 8.91pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 23.96pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3.23pt; text-align: left;"><span style="padding-left: 1.67pt;">(0.7)</span></div> </td> <td style="width: 8.91pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 8.91pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 27.3pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3.23pt; text-align: left;"><span style="padding-left: 5pt;">(0.2)</span></div> </td> <td style="width: 8.91pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 8.91pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 27.29pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3.23pt; text-align: left;"><span style="padding-left: 5pt;">(0.2)</span></div> </td> </tr> <tr> <td style="width: 336pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Change in valuation allowance, net</div> </td> <td style="width: 8.91pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 8.91pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 23.96pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3.23pt; text-align: left;"><span style="padding-left: 1.67pt;">(9.5)</span></div> </td> <td style="width: 8.91pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 8.91pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 27.3pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3.23pt; text-align: left;"><span style="padding-left: 5pt;">(7.7)</span></div> </td> <td style="width: 8.91pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 8.91pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 27.29pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3.23pt; text-align: left;">(17.5)</div> </td> </tr> <tr> <td style="width: 336pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Derivative liabilities</div> </td> <td style="width: 8.91pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 8.91pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 23.96pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3.23pt; text-align: left;"><span style="padding-left: 1.67pt;">(3.0)</span></div> </td> <td style="width: 8.91pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 8.91pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 27.3pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3.23pt; text-align: left;">(20.2)</div> </td> <td style="width: 8.91pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 8.91pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 27.29pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3.23pt; text-align: left;">(21.4)</div> </td> </tr> <tr> <td style="width: 336pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">General business credit - federal</div> </td> <td style="width: 8.91pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 8.91pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 23.96pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3.23pt; text-align: left;"><span style="padding-left: 5pt;">0.1</span></div> </td> <td style="width: 8.91pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 8.91pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 27.3pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3.23pt; text-align: left;"><span style="padding-left: 8.33pt;">0.2</span></div> </td> <td style="width: 8.91pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 8.91pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 27.29pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3.23pt; text-align: left;"><span style="padding-left: 8.33pt;">0.3</span></div> </td> </tr> <tr> <td style="width: 336pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Other</div> </td> <td style="width: 8.91pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 8.91pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 23.96pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3.23pt; text-align: left;"><span style="padding-left: 5pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">0.3</span></div> </td> <td style="width: 8.91pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 8.91pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 27.3pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3.23pt; text-align: left;"><span style="padding-left: 5pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">(0.1)</span></div> </td> <td style="width: 8.91pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 8.91pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 27.29pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3.23pt; text-align: left;"><span style="padding-left: 5pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">(0.2)</span></div> </td> </tr> <tr> <td style="width: 336pt; padding-top: 2.26pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;">Effective tax rate</div> </td> <td style="width: 8.91pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 8.91pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 23.96pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3.23pt; text-align: left;"><span style="padding-left: 0.37pt; border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">11.9% </span></div> </td> <td style="width: 8.91pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 8.91pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 27.3pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3.23pt; text-align: left;"><span style="padding-left: 5pt; border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">(6.4)%</span></div> </td> <td style="width: 8.91pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 8.91pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 27.29pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3.23pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">(16.1)%</span></div> </td> </tr> <tr class="BRDSX_boxspacer"> <td style="height: 2.75pt; width: 336pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 8.91pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 8.91pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 23.96pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 8.91pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 8.91pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 27.3pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 8.91pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 8.91pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 27.29pt;"> <div style="font-size: 1pt;"> </div> </td> </tr> </table> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. The Company’s deferred tax assets and liabilities as of December 31, 2023 and 2024, were as follows (in thousands): </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: left;"> <br/></div> <table cellpadding="0" cellspacing="0" class="BRDSX_fintab" style="width: 468pt; margin-left: auto; margin-right: auto; border-spacing: 0;"> <tr class="BRDSX_boxspacer"> <td style="height: 6pt; width: 360pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 3.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 3.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 47.16pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 3.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 3.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 47.16pt;"> <div style="font-size: 1pt;"> </div> </td> </tr> <tr class="BRDSX_header"> <td style="width: 360pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"> </div> </td> <td style="width: 3.42pt; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.42pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">December 31, </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2023</div> </td> <td style="width: 3.42pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.42pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">December 31, </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2024 </div> </td> </tr> <tr> <td style="width: 360pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;">Deferred tax assets: </div> </td> <td style="width: 3.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 3.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> </tr> <tr> <td style="width: 360pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;">Net operating losses</div> </td> <td style="width: 3.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 4.83pt; text-align: left;">$200,057</div> </td> <td style="width: 3.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 4.83pt; text-align: left;">$766,434 </div> </td> </tr> <tr> <td style="width: 360pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;">Lease liabilities</div> </td> <td style="width: 3.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 4.83pt; text-align: left;"><span style="padding-left: 5.37pt;">112,634</span></div> </td> <td style="width: 3.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 4.83pt; text-align: left;"><span style="padding-left: 5pt;">540,405</span></div> </td> </tr> <tr> <td style="width: 360pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;">Capitalized research and development expenditures</div> </td> <td style="width: 3.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 4.83pt; text-align: left;"><span style="padding-left: 10pt;">13,637</span></div> </td> <td style="width: 3.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 4.83pt; text-align: left;"><span style="padding-left: 10pt;">24,498</span></div> </td> </tr> <tr> <td style="width: 360pt; padding-top: 1.01pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;">Deferred revenue</div> </td> <td style="width: 3.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 4.83pt; text-align: left;"><span style="padding-left: 15pt;">1,054</span></div> </td> <td style="width: 3.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 4.83pt; text-align: left;"><span style="padding-left: 5pt;">309,264</span></div> </td> </tr> <tr class="BRDSX_boxspacer"> <td style="height: 2.75pt; width: 360pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 3.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 3.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 47.16pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 3.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 3.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 47.16pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> </tr> </table> <table cellpadding="0" cellspacing="0" class="BRDSX_fintab" style="margin-top: 4pt; width: 468pt; margin-left: auto; margin-right: auto; border-spacing: 0;"> <tr class="BRDSX_boxspacer"> <td style="height: 6pt; width: 360pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 3.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 3.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 47.16pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 3.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 3.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 47.16pt;"> <div style="font-size: 1pt;"> </div> </td> </tr> <tr class="BRDSX_header"> <td style="width: 360pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"> </div> </td> <td style="width: 3.42pt; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.42pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">December 31, </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2023</div> </td> <td style="width: 3.42pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.42pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">December 31, </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2024 </div> </td> </tr> <tr> <td style="width: 360pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;">Accrued liabilities and reserves</div> </td> <td style="width: 3.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3.17pt; text-align: left;"><span style="padding-left: 30.83pt;">—</span></div> </td> <td style="width: 3.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -1.17pt; text-align: left;"><span style="padding-left: 26.2pt;">2,811</span></div> </td> </tr> <tr> <td style="width: 360pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;">Interest expense carryforward</div> </td> <td style="width: 3.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3.17pt; text-align: left;"><span style="padding-left: 30.83pt;">—</span></div> </td> <td style="width: 3.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -1.17pt; text-align: left;"><span style="padding-left: 20.83pt;">61,443</span></div> </td> </tr> <tr> <td style="width: 360pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;">Research and development credits, net of reserve</div> </td> <td style="width: 3.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3.17pt; text-align: left;"><span style="padding-left: 18.33pt;">1,252</span></div> </td> <td style="width: 3.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -1.17pt; text-align: left;"><span style="padding-left: 25.83pt;">3,244</span></div> </td> </tr> <tr> <td style="width: 360pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;">Stock-based compensation</div> </td> <td style="width: 3.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3.17pt; text-align: left;"><span style="padding-left: 18.33pt;">2,135</span></div> </td> <td style="width: 3.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -1.17pt; text-align: left;"><span style="padding-left: 25.83pt;">7,593</span></div> </td> </tr> <tr> <td style="width: 360pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;">Other</div> </td> <td style="width: 3.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3.17pt; text-align: left;"><span style="padding-left: 25.83pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">650</span></div> </td> <td style="width: 3.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -1.17pt; text-align: left;"><span style="padding-left: 25.83pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">2,907</span></div> </td> </tr> <tr> <td style="width: 360pt; padding-top: 2.26pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 20pt; text-align: left;">Total deferred tax assets</div> </td> <td style="width: 3.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 2.26pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3.17pt; text-align: left;"><span style="padding-left: 8.33pt;">331,419</span></div> </td> <td style="width: 3.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 2.26pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -1.17pt; text-align: left;"><span style="padding-left: 8.33pt;">1,718,599</span></div> </td> </tr> <tr> <td style="width: 360pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;">Valuation allowance</div> </td> <td style="width: 3.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3.17pt; text-align: left;"><span style="padding-left: 10pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">(47,717)</span></div> </td> <td style="width: 3.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -1.17pt; text-align: left;"><span style="padding-left: 12.5pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">(180,529)</span></div> </td> </tr> <tr> <td style="width: 360pt; padding-top: 2.26pt; padding-bottom: 2.63pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;">Deferred tax assets, net of valuation allowance</div> </td> <td style="width: 3.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 2.26pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3.17pt; text-align: left;"><span style="padding-left: 8.33pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">283,702</span></div> </td> <td style="width: 3.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 2.26pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -1.17pt; text-align: left;"><span style="padding-left: 8.33pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">1,538,070</span></div> </td> </tr> <tr> <td style="width: 360pt; padding-top: 2.26pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;">Deferred tax liabilities: </div> </td> <td style="width: 3.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 2.26pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 3.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 2.26pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> </tr> <tr> <td style="width: 360pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;">Property and equipment</div> </td> <td style="width: 3.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3.17pt; text-align: left;"><span style="padding-left: 5pt;">(207,054)</span></div> </td> <td style="width: 3.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -1.17pt; text-align: left;"><span style="padding-left: 5pt;">(1,147,258)</span></div> </td> </tr> <tr> <td style="width: 360pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;">Intangible assets</div> </td> <td style="width: 3.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3.17pt; text-align: left;"><span style="padding-left: 15pt;">(1,446)</span></div> </td> <td style="width: 3.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -1.17pt; text-align: left;"><span style="padding-left: 30pt;">(969)</span></div> </td> </tr> <tr> <td style="width: 360pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;">Operating and financing ROU assets</div> </td> <td style="width: 3.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3.17pt; text-align: left;"><span style="padding-left: 5.74pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">(111,649)</span></div> </td> <td style="width: 3.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -1.17pt; text-align: left;"><span style="padding-left: 12.5pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">(539,075)</span></div> </td> </tr> <tr> <td style="width: 360pt; padding-top: 2.26pt; padding-bottom: 2.63pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 20pt; text-align: left;">Total deferred tax liabilities</div> </td> <td style="width: 3.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 2.26pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3.17pt; text-align: left;"><span style="padding-left: 5pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">(320,149)</span></div> </td> <td style="width: 3.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 2.26pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -1.17pt; text-align: left;"><span style="padding-left: 5pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">(1,687,302)</span></div> </td> </tr> <tr> <td style="width: 360pt; padding-top: 2.26pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 20pt; text-align: left;">Net deferred tax liabilities, net of valuation allowance</div> </td> <td style="width: 3.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 3.17pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$</span><span style="padding-left: 5pt; border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">(36,447)</span></div> </td> <td style="width: 3.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 3.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -1.17pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$</span><span style="padding-left: 7.5pt; border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">(149,232)</span></div> </td> </tr> <tr class="BRDSX_boxspacer"> <td style="height: 2.75pt; width: 360pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 3.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 3.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 47.16pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 3.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 3.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 47.16pt;"> <div style="font-size: 1pt;"> </div> </td> </tr> </table> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 13.75pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">ASC 740, <span style="font-style: italic;">Income Taxes</span> requires that the tax benefit of net operating losses (“NOL”), temporary differences, and credit carryforwards be recorded as an asset to the extent that management assesses that realization is “more likely than not.” Realization of the future tax benefits is dependent on the Company’s ability to generate sufficient taxable income within the carryforward period. Because of the Company’s recent history of operating losses, management believes that recognition of the deferred tax assets arising from the above-mentioned future tax benefits is currently not likely to be realized and, accordingly, a valuation allowance has been provided by the Company against federal and state deferred tax assets. </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">The valuation allowance increased year over year by $44 million and $133 million during the years ended December 31, 2023 and 2024, respectively. </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">As of December 31, 2023 and 2024, the Company had $933 million and $3.6 billion, respectively, in federal NOL carryforwards to offset future taxable income, almost all of which can be carried forward indefinitely. As of December 31, 2023 and 2024, the Company had state NOL carryforwards of $57 million and $61 million, respectively, of which $19 million and $30 million, respectively, can be carried forward indefinitely. If the NOL carryforwards are not utilized, $38 million and $31 million, respectively, will expire in varying amounts between the years <span style="-sec-ix-hidden:Fact_e4b89c08044f4684afedbe50a1a43a37">2032</span> and <span style="-sec-ix-hidden:Fact_c282a259425449ea8d618cfc549583b6">2044</span>. As of December 31, 2024, the Company had foreign NOL carryforwards to offset future taxable income of $5 million that can be carried forward indefinitely. </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">As of December 31, 2023 and 2024, the Company had insignificant amounts of federal and state tax credit carryforwards available to offset future taxable income. </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">A limitation may apply to the use of the net operating loss and credit carryforwards, under provisions of the Internal Revenue Code of 1986, as amended, and similar state tax provisions that are applicable if the Company experiences an “ownership change under Section 382.” For example, an ownership change may occur as a result of the issuance of new equity or certain shareholder transactions. Should these limitations apply, the carryforwards would be subject to an annual limitation, resulting in a potential reduction in the gross deferred tax assets before considering the valuation allowance. </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">The Company experienced a Section 382 ownership change during the years ended December 31, 2023 and 2024, and determined that these changes did not materially impact the availability of its NOL carryforwards for use in the future. </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">The Company is subject to income taxes in the United States, California, and other various domestic and international jurisdictions. The U.S., state, and foreign jurisdictions have statutes of limitations that generally range from <span style="-sec-ix-hidden:Fact_1ac6032814d040eeaccf1f9985a16cf6">three</span> to <span style="-sec-ix-hidden:Fact_93dd7fb12ef24a1cbf49cc3d585cba7d">five</span> years. Fiscal years outside of the normal statute of limitation remain open to audit by tax authorities due to tax attributes generated in those early years, which have been carried forward and may be audited in subsequent years when utilized. We are not aware of any ongoing examinations. </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6.75pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">Due to differing interpretations of tax laws and regulations, tax authorities may dispute the Company’s tax filing positions. The Company periodically evaluates the exposures associated with tax filing positions and will reserve amounts, if needed, for adjustments that may result from tax examinations. </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">The Company’s total amount of unrecognized tax benefits is insignificant, and did not change materially during the years ended December 31, 2022, 2023, and 2024. </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">Recognition of the unrecognized tax benefits would not have an impact on the effective tax as they are recorded as deferred tax assets which are subject to a full valuation allowance. The Company does not anticipate any significant change in its uncertain tax positions within the next 12 months. </div>

<div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">The components of the net loss before the provision for (benefit from) income taxes were as follows (in thousands): </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: left;"> <br/></div> <table cellpadding="0" cellspacing="0" class="BRDSX_fintab" style="width: 468pt; margin-left: auto; margin-right: auto; border-spacing: 0;"> <tr class="BRDSX_boxspacer"> <td style="height: 6pt; width: 312pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 6.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 6.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td colspan="7" style="height: 6pt; width: 143.17pt;"> <div style="font-size: 1pt;"> </div> </td> </tr> <tr class="BRDSX_header"> <td style="width: 312pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"> </div> </td> <td style="width: 6.42pt; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.42pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td colspan="7" style="width: 143.17pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Year Ended December 31, </div> </td> </tr> <tr class="BRDSX_header"> <td style="width: 312pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"> </div> </td> <td style="width: 6.42pt; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.42pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 35.83pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2022</div> </td> <td style="width: 6.42pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.42pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 40.83pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2023</div> </td> <td style="width: 6.42pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.42pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 40.83pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2024 </div> </td> </tr> <tr> <td style="width: 312pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Domestic</div> </td> <td style="width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 35.83pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">$(35,016)</div> </td> <td style="width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 40.83pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">$(558,047)</div> </td> <td style="width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 40.83pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">$(743,667) </div> </td> </tr> <tr> <td style="width: 312pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Foreign</div> </td> <td style="width: 6.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 35.83pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 25.83pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">—</span></div> </td> <td style="width: 6.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 40.83pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 30.83pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">—</span></div> </td> <td style="width: 6.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 40.83pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 22.5pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">(534)</span></div> </td> </tr> <tr> <td style="width: 312pt; padding-top: 2.26pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 10pt; text-align: left;">Net loss before the provision for (benefit from) income taxes</div> </td> <td style="width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 35.83pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$(35,016)</span></div> </td> <td style="width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 40.83pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$(558,047)</span></div> </td> <td style="width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 40.83pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$(744,201)</span></div> </td> </tr> <tr class="BRDSX_boxspacer"> <td style="height: 2.75pt; width: 312pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 35.83pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 40.83pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 40.83pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> </tr> </table>

-35016000

-558047000

-743667000

-534000

-35016000

-558047000

-744201000

<div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;">The provision (benefit) for income taxes consists of the following <span style="font-style: italic;">(</span>in thousands<span style="font-style: italic;">)</span>: </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: left;"> <br/></div> <table cellpadding="0" cellspacing="0" class="BRDSX_fintab" style="width: 468pt; margin-left: auto; margin-right: auto; border-spacing: 0;"> <tr class="BRDSX_boxspacer"> <td style="height: 6pt; width: 336pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 5.2pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 5.2pt;"> <div style="font-size: 1pt;"> </div> </td> <td colspan="7" style="height: 6pt; width: 121.59pt;"> <div style="font-size: 1pt;"> </div> </td> </tr> <tr class="BRDSX_header"> <td style="width: 336pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"> </div> </td> <td style="width: 5.2pt; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.2pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td colspan="7" style="width: 121.59pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Year Ended December 31, </div> </td> </tr> <tr class="BRDSX_header"> <td style="width: 336pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"> </div> </td> <td style="width: 5.2pt; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.2pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 30.83pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2022</div> </td> <td style="width: 5.19pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.19pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 32.5pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2023</div> </td> <td style="width: 5.19pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.19pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2024 </div> </td> </tr> <tr> <td style="width: 336pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;">Current: </div> </td> <td style="width: 5.2pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.2pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 30.83pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 5.19pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.19pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 32.5pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 5.19pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.19pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> </tr> <tr> <td style="width: 336pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Federal</div> </td> <td style="width: 5.2pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.2pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 30.83pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -0.01pt; text-align: left;">$(1,664)</div> </td> <td style="width: 5.19pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.19pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 32.5pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -0.01pt; text-align: left;">$<span style="padding-left: 17.5pt;">—</span></div> </td> <td style="width: 5.19pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.19pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -0.01pt; text-align: left;">$<span style="padding-left: 22.5pt;">— </span></div> </td> </tr> <tr> <td style="width: 336pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">State</div> </td> <td style="width: 5.2pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.2pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 30.83pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -0.01pt; text-align: left;"><span style="padding-left: 12.5pt;">(226)</span></div> </td> <td style="width: 5.19pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.19pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 32.5pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -0.01pt; text-align: left;"><span style="padding-left: 22.5pt;">—</span></div> </td> <td style="width: 5.19pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.19pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -0.01pt; text-align: left;"><span style="padding-left: 15pt;">6,306</span></div> </td> </tr> <tr> <td style="width: 336pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Foreign</div> </td> <td style="width: 5.2pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.2pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 30.83pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -0.01pt; text-align: left;"><span style="padding-left: 20.83pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">—</span></div> </td> <td style="width: 5.19pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.19pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 32.5pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -0.01pt; text-align: left;"><span style="padding-left: 22.5pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">—</span></div> </td> <td style="width: 5.19pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.19pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -0.01pt; text-align: left;"><span style="padding-left: 22.5pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">155</span></div> </td> </tr> <tr> <td style="width: 336pt; padding-top: 2.26pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 10pt; text-align: left;">Total current income tax expense (benefit)</div> </td> <td style="width: 5.2pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.2pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 30.83pt; padding-top: 2.26pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -0.01pt; text-align: left;"><span style="padding-left: 5pt;">(1,890)</span></div> </td> <td style="width: 5.19pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.19pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 32.5pt; padding-top: 2.26pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -0.01pt; text-align: left;"><span style="padding-left: 22.5pt;">—</span></div> </td> <td style="width: 5.19pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.19pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 2.26pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -0.01pt; text-align: left;"><span style="padding-left: 15pt;">6,461</span></div> </td> </tr> <tr> <td style="width: 336pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;">Deferred: </div> </td> <td style="width: 5.2pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.2pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 30.83pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 5.19pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.19pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 32.5pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 5.19pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.19pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> </tr> <tr> <td style="width: 336pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Federal</div> </td> <td style="width: 5.2pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.2pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 30.83pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -0.01pt; text-align: left;"><span style="padding-left: 5pt;">(1,697)</span></div> </td> <td style="width: 5.19pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.19pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 32.5pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -0.01pt; text-align: left;"><span style="padding-left: 5pt;">35,765</span></div> </td> <td style="width: 5.19pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.19pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -0.01pt; text-align: left;"><span style="padding-left: 5pt;">109,010</span></div> </td> </tr> <tr> <td style="width: 336pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">State</div> </td> <td style="width: 5.2pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.2pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 30.83pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -0.01pt; text-align: left;"><span style="padding-left: 12.5pt;">(563)</span></div> </td> <td style="width: 5.19pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.19pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 32.5pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -0.01pt; text-align: left;"><span style="padding-left: 19.17pt;">(64)</span></div> </td> <td style="width: 5.19pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.19pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -0.01pt; text-align: left;"><span style="padding-left: 15pt;">3,196</span></div> </td> </tr> <tr> <td style="width: 336pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Foreign</div> </td> <td style="width: 5.2pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.2pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 30.83pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -0.01pt; text-align: left;"><span style="padding-left: 20.83pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">—</span></div> </td> <td style="width: 5.19pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.19pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 32.5pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -0.01pt; text-align: left;"><span style="padding-left: 22.5pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">—</span></div> </td> <td style="width: 5.19pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.19pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -0.01pt; text-align: left;"><span style="padding-left: 22.5pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">580</span></div> </td> </tr> <tr> <td style="width: 336pt; padding-top: 2.26pt; padding-bottom: 2.63pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 10pt; text-align: left;">Total deferred income tax expense (benefit)</div> </td> <td style="width: 5.2pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.2pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 30.83pt; padding-top: 2.26pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -0.01pt; text-align: left;"><span style="padding-left: 5pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">(2,260)</span></div> </td> <td style="width: 5.19pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.19pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 32.5pt; padding-top: 2.26pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -0.01pt; text-align: left;"><span style="padding-left: 5pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">35,701</span></div> </td> <td style="width: 5.19pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.19pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 2.26pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -0.01pt; text-align: left;"><span style="padding-left: 5.37pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">112,786</span></div> </td> </tr> <tr> <td style="width: 336pt; padding-top: 2.26pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 10pt; text-align: left;">Total provision for (benefit from) income taxes</div> </td> <td style="width: 5.2pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.2pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 30.83pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -0.01pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$(4,150)</span></div> </td> <td style="width: 5.19pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.19pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 32.5pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -0.01pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$35,701</span></div> </td> <td style="width: 5.19pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 5.19pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -0.01pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$</span><span style="padding-left: 0.37pt; border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">119,247</span></div> </td> </tr> <tr class="BRDSX_boxspacer"> <td style="height: 2.75pt; width: 336pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 5.2pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 5.2pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 30.83pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 5.19pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 5.19pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 32.5pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 5.19pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 5.19pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 37.5pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> </tr> </table>

1664000

226000

-6306000

-155000

1890000

-6461000

1697000

-35765000

-109010000

563000

64000

-3196000

-580000

2260000

-35701000

-112786000

-4150000

35701000

119247000

0.21

4.1

0.1

-0.4

0.5

1.9

-0.1

-0.7 -0.2 -0.2

-9.5

-7.7

-17.5

-3 -20.2 -21.4 0.1 0.2 0.3

0.3

-0.1

-0.2

0.119

-0.064

-0.161

200057000

766434000

112634000 540405000

13637000

24498000

1054000

309264000

2811000

61443000

1252000

3244000

2135000

7593000

650000

2907000

331419000

1718599000

47717000

180529000

283702000

1538070000

207054000

1147258000

1446000

969000

111649000 539075000

320149000

1687302000

36447000

149232000

44000000

133000000

933000000 3600000000

57000000

61000000

19000000 30000000 38000000 31000000 5000000

<div class="BRDSX_h2" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 20.5pt; margin-left: 0pt; text-align: left;">13. Net Loss Per Share Attributable to Common Stockholders </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">The following table sets forth the computation of basic and diluted net loss per share attributable to common stockholders for the periods presented (in thousands, except per share data): </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: left;"> <br/></div> <table cellpadding="0" cellspacing="0" class="BRDSX_fintab" style="width: 468pt; margin-left: auto; margin-right: auto; border-spacing: 0;"> <tr class="BRDSX_boxspacer"> <td style="height: 6pt; width: 324pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 4.14pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 4.14pt;"> <div style="font-size: 1pt;"> </div> </td> <td colspan="7" style="height: 6pt; width: 135.72pt;"> <div style="font-size: 1pt;"> </div> </td> </tr> <tr class="BRDSX_header"> <td style="width: 324pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"> </div> </td> <td style="width: 4.14pt; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.14pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td colspan="7" style="width: 135.72pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Year Ended </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">December 31, </div> </td> </tr> <tr class="BRDSX_header"> <td style="width: 324pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"> </div> </td> <td style="width: 4.14pt; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.14pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2022</div> </td> <td style="width: 4.14pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.14pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 40.83pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2023</div> </td> <td style="width: 4.14pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.14pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 40.83pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2024 </div> </td> </tr> <tr> <td style="width: 324pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;">Numerator: </div> </td> <td style="width: 4.14pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.14pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 4.14pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.14pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 40.83pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 4.14pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.14pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 40.83pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> </tr> <tr> <td style="width: 324pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;">Net loss from continuing operations</div> </td> <td style="width: 4.14pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.14pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">$<span style="padding-left: 1.67pt;">(30,866)</span></div> </td> <td style="width: 4.14pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.14pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 40.83pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">$(593,748)</div> </td> <td style="width: 4.14pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.14pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 40.83pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">$(863,448) </div> </td> </tr> <tr> <td style="width: 324pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;">Net loss from discontinued operations</div> </td> <td style="width: 4.14pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.14pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 19.17pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">(189)</span> </div> </td> <td style="width: 4.14pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.14pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 40.83pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 30.83pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">—</span></div> </td> <td style="width: 4.14pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.14pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 40.83pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 30.83pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">—</span></div> </td> </tr> <tr> <td style="width: 324pt; padding-top: 2.26pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;">Net loss</div> </td> <td style="width: 4.14pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.14pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 2.26pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 6.67pt;">(31,055)</span></div> </td> <td style="width: 4.14pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.14pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 40.83pt; padding-top: 2.26pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 5pt;">(593,748)</span></div> </td> <td style="width: 4.14pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.14pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 40.83pt; padding-top: 2.26pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 5pt;">(863,448)</span></div> </td> </tr> <tr> <td style="width: 324pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 20pt; text-indent: -10pt; text-align: left;">Dividends and accretion on Series C redeemable convertible preferred stock</div> </td> <td style="width: 4.14pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.14pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 27.5pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">—</span></div> </td> <td style="width: 4.14pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.14pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 40.83pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 30.83pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">—</span></div> </td> <td style="width: 4.14pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.14pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 40.83pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 10pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">(74,317)</span></div> </td> </tr> <tr> <td style="width: 324pt; padding-top: 2.26pt; padding-bottom: 2.63pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;">Net loss attributable to common stockholders, basic and diluted</div> </td> <td style="width: 4.14pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.14pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 2.26pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">$</span><span style="padding-left: 1.67pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">(31,055)</span></div> </td> <td style="width: 4.14pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.14pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 40.83pt; padding-top: 2.26pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">$(593,748)</span></div> </td> <td style="width: 4.14pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.14pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 40.83pt; padding-top: 2.26pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">$(937,765)</span><span style="padding-bottom: 1.5pt;"> </span></div> </td> </tr> <tr> <td style="width: 324pt; padding-top: 2.26pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;">Denominator: </div> </td> <td style="width: 4.14pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.14pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 2.26pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 4.14pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.14pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 40.83pt; padding-top: 2.26pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> <td style="width: 4.14pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.14pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 40.83pt; padding-top: 2.26pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> </tr> <tr> <td style="width: 324pt; padding-top: 1.01pt; padding-bottom: 3.63pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 20pt; text-indent: -10pt; text-align: left;">Weighted-average shares used in computing net loss attributable to common stockholders, basic and diluted</div> </td> <td style="width: 4.14pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.14pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 1.01pt; padding-bottom: 3.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 5pt; border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">180,632 </span></div> </td> <td style="width: 4.14pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.14pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 40.83pt; padding-top: 1.01pt; padding-bottom: 3.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 8.33pt; border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">192,164 </span></div> </td> <td style="width: 4.14pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.14pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 40.83pt; padding-top: 1.01pt; padding-bottom: 3.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 8.33pt; border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">217,854 </span></div> </td> </tr> <tr> <td style="width: 324pt; padding-top: 3.26pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-indent: -10pt; text-align: left;">Net loss from continuing operations per share attributable to common stockholders, basic and diluted</div> </td> <td style="width: 4.14pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.14pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 3.26pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">$<span style="padding-left: 11.67pt;">(0.17)</span></div> </td> <td style="width: 4.14pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.14pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 40.83pt; padding-top: 3.26pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">$<span style="padding-left: 15pt;">(3.09)</span></div> </td> <td style="width: 4.14pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.14pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 40.83pt; padding-top: 3.26pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">$<span style="padding-left: 15pt;">(4.30) </span></div> </td> </tr> <tr> <td style="width: 324pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-indent: -10pt; text-align: left;">Net loss from discontinued operations per share attributable to common stockholders, basic and diluted</div> </td> <td style="width: 4.14pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.14pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 20pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">0.00 </span></div> </td> <td style="width: 4.14pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.14pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 40.83pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 30.83pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">—</span></div> </td> <td style="width: 4.14pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.14pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 40.83pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 30.83pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">—</span></div> </td> </tr> <tr> <td style="width: 324pt; padding-top: 2.26pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Net loss per share attributable to common stockholders, basic and diluted</div> </td> <td style="width: 4.14pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.14pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$</span><span style="padding-left: 11.67pt; border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">(0.17)</span></div> </td> <td style="width: 4.14pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.14pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 40.83pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$</span><span style="padding-left: 15pt; border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">(3.09)</span></div> </td> <td style="width: 4.14pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.14pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 40.83pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$</span><span style="padding-left: 15pt; border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">(4.30)</span></div> </td> </tr> <tr class="BRDSX_boxspacer"> <td style="height: 2.75pt; width: 324pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.14pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.14pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 37.5pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.14pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.14pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 40.83pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.14pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.14pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 40.83pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> </tr> </table> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">The number of securities that were excluded from the calculation of diluted net loss per share attributable to common stockholders for the periods presented because including them would have been anti-dilutive are as follows (in thousands): </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: left;"> <br/></div> <table cellpadding="0" cellspacing="0" class="BRDSX_fintab" style="width: 468pt; margin-left: auto; margin-right: auto; border-spacing: 0;"> <tr class="BRDSX_boxspacer"> <td style="height: 6pt; width: 324pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 7.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 7.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td colspan="7" style="height: 6pt; width: 128.5pt;"> <div style="font-size: 1pt;"> </div> </td> </tr> <tr class="BRDSX_header"> <td style="width: 324pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"> </div> </td> <td style="width: 7.75pt; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 7.75pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td colspan="7" style="width: 128.5pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Year Ended </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">December 31, </div> </td> </tr> <tr class="BRDSX_header"> <td style="width: 324pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"> </div> </td> <td style="width: 7.75pt; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 7.75pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 32.5pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2022</div> </td> <td style="width: 7.75pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 7.75pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 32.5pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2023</div> </td> <td style="width: 7.75pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 7.75pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 32.5pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2024 </div> </td> </tr> <tr> <td style="width: 324pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Redeemable convertible preferred stock</div> </td> <td style="width: 7.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 7.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 32.5pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 5pt;">83,775</span></div> </td> <td style="width: 7.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 7.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 32.5pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">154,678</div> </td> <td style="width: 7.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 7.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 32.5pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">184,986</div> </td> </tr> <tr> <td style="width: 324pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Outstanding convertible notes</div> </td> <td style="width: 7.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 7.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 32.5pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 5pt;">22,773</span></div> </td> <td style="width: 7.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 7.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 32.5pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 5pt;">24,544</span></div> </td> <td style="width: 7.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 7.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 32.5pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 22.5pt;">—</span></div> </td> </tr> <tr> <td style="width: 324pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Outstanding stock options</div> </td> <td style="width: 7.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 7.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 32.5pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 5pt;">32,655</span></div> </td> <td style="width: 7.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 7.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 32.5pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 5pt;">51,239</span></div> </td> <td style="width: 7.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 7.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 32.5pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 5pt;">47,219</span></div> </td> </tr> <tr> <td style="width: 324pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Outstanding warrants to purchase common stock</div> </td> <td style="width: 7.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 7.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 32.5pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 10pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">2,082</span></div> </td> <td style="width: 7.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 7.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 32.5pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 10pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">4,337</span></div> </td> <td style="width: 7.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 7.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 32.5pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 10pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">4,337</span></div> </td> </tr> <tr> <td style="width: 324pt; padding-top: 2.26pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 10pt; text-align: left;">Total</div> </td> <td style="width: 7.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 7.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 32.5pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">141,285</span></div> </td> <td style="width: 7.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 7.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 32.5pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">234,798</span></div> </td> <td style="width: 7.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 7.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 32.5pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">236,542</span></div> </td> </tr> <tr class="BRDSX_boxspacer"> <td style="height: 2.75pt; width: 324pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 7.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 7.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 32.5pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 7.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 7.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 32.5pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 7.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 7.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 32.5pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> </tr> </table> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">The table above does not include 15,454,720 RSUs outstanding as of December 31, 2024 as these awards are subject to a performance condition that was not considered probable as of that date. There were no RSUs outstanding as of December 31, 2022 or 2023. The table also does not include 2,104,900 and 0 contingently issuable shares related to the Conductor acquisition as of December 31, 2023 and 2024, respectively, as the contingency had not been met as of those dates. </div>

-30866000

-593748000

-863448000

-189000

-31055000

-593748000

-863448000

74317000

-31055000

-593748000

-937765000

180632000

192164000

217854000

-0.17

-3.09

-4.3

-0.17

-3.09

-4.3

<div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">The number of securities that were excluded from the calculation of diluted net loss per share attributable to common stockholders for the periods presented because including them would have been anti-dilutive are as follows (in thousands): </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: left;"> <br/></div> <table cellpadding="0" cellspacing="0" class="BRDSX_fintab" style="width: 468pt; margin-left: auto; margin-right: auto; border-spacing: 0;"> <tr class="BRDSX_boxspacer"> <td style="height: 6pt; width: 324pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 7.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 7.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td colspan="7" style="height: 6pt; width: 128.5pt;"> <div style="font-size: 1pt;"> </div> </td> </tr> <tr class="BRDSX_header"> <td style="width: 324pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"> </div> </td> <td style="width: 7.75pt; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 7.75pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td colspan="7" style="width: 128.5pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Year Ended </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">December 31, </div> </td> </tr> <tr class="BRDSX_header"> <td style="width: 324pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"> </div> </td> <td style="width: 7.75pt; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 7.75pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 32.5pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2022</div> </td> <td style="width: 7.75pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 7.75pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 32.5pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2023</div> </td> <td style="width: 7.75pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 7.75pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 32.5pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2024 </div> </td> </tr> <tr> <td style="width: 324pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Redeemable convertible preferred stock</div> </td> <td style="width: 7.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 7.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 32.5pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 5pt;">83,775</span></div> </td> <td style="width: 7.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 7.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 32.5pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">154,678</div> </td> <td style="width: 7.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 7.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 32.5pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">184,986</div> </td> </tr> <tr> <td style="width: 324pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Outstanding convertible notes</div> </td> <td style="width: 7.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 7.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 32.5pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 5pt;">22,773</span></div> </td> <td style="width: 7.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 7.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 32.5pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 5pt;">24,544</span></div> </td> <td style="width: 7.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 7.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 32.5pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 22.5pt;">—</span></div> </td> </tr> <tr> <td style="width: 324pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Outstanding stock options</div> </td> <td style="width: 7.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 7.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 32.5pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 5pt;">32,655</span></div> </td> <td style="width: 7.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 7.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 32.5pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 5pt;">51,239</span></div> </td> <td style="width: 7.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 7.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 32.5pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 5pt;">47,219</span></div> </td> </tr> <tr> <td style="width: 324pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Outstanding warrants to purchase common stock</div> </td> <td style="width: 7.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 7.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 32.5pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 10pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">2,082</span></div> </td> <td style="width: 7.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 7.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 32.5pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 10pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">4,337</span></div> </td> <td style="width: 7.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 7.75pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 32.5pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 10pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">4,337</span></div> </td> </tr> <tr> <td style="width: 324pt; padding-top: 2.26pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 10pt; text-align: left;">Total</div> </td> <td style="width: 7.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 7.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 32.5pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">141,285</span></div> </td> <td style="width: 7.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 7.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 32.5pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">234,798</span></div> </td> <td style="width: 7.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 7.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 32.5pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">236,542</span></div> </td> </tr> <tr class="BRDSX_boxspacer"> <td style="height: 2.75pt; width: 324pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 7.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 7.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 32.5pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 7.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 7.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 32.5pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 7.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 7.75pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 32.5pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> </tr> </table>

83775000

154678000

184986000

22773000

24544000

32655000

51239000

47219000

2082000

4337000

141285000

234798000

236542000

15454720

2104900

20000000

50000000

15000000

P1Y

24543980

125000000

12144668

137000000

0.05

41476000

0.05

13851240

0.05

2300000000

520000000

311000000

438000000

63000000

6000000

66000000

7600000000

210000000

106000000

3000000

50000000

0.99 1 0.75 0.25

230000000

P4Y

<div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">Revenue by geography is based on the address of the customer as specified in the Company’s customer contracts. The following table sets forth revenue by geographic area (in thousands): </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: left;"> <br/></div> <table cellpadding="0" cellspacing="0" class="BRDSX_fintab" style="width: 468pt; margin-left: auto; margin-right: auto; border-spacing: 0;"> <tr class="BRDSX_boxspacer"> <td style="height: 6pt; width: 324pt; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 4.83pt; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 4.83pt; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td colspan="7" style="height: 6pt; width: 134.32pt; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> </tr> <tr class="BRDSX_header"> <td style="width: 324pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"> </div> </td> <td style="width: 4.83pt; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.83pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td colspan="7" style="width: 134.32pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Year ended December 31, </div> </td> </tr> <tr class="BRDSX_header"> <td style="width: 324pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"> </div> </td> <td style="width: 4.83pt; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.83pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 32.5pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2022</div> </td> <td style="width: 4.83pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.83pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2023</div> </td> <td style="width: 4.83pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.83pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45pt; padding-top: 2.08pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2024 </div> </td> </tr> <tr> <td style="width: 324pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">United States</div> </td> <td style="width: 4.83pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.83pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 32.5pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -0.01pt; text-align: left;">$10,367</div> </td> <td style="width: 4.83pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.83pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0.01pt; text-align: left;">$200,469</div> </td> <td style="width: 4.83pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.83pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">$1,797,268 </div> </td> </tr> <tr> <td style="width: 324pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">All other countries*</div> </td> <td style="width: 4.83pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.83pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 32.5pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -0.01pt; text-align: left;"><span style="padding-left: 10pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">5,463</span></div> </td> <td style="width: 4.83pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.83pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0.01pt; text-align: left;"><span style="padding-left: 10pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">28,474</span></div> </td> <td style="width: 4.83pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.83pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 12.87pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">118,158</span></div> </td> </tr> <tr> <td style="width: 324pt; padding-top: 2.26pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Total revenue</div> </td> <td style="width: 4.83pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.83pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 32.5pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -0.01pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$15,830</span></div> </td> <td style="width: 4.83pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.83pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 37.5pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0.01pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$228,943</span></div> </td> <td style="width: 4.83pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 4.83pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 45pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="border-bottom: 3pt double #000000; padding-bottom: 0.5pt;">$1,915,426</span></div> </td> </tr> <tr class="BRDSX_boxspacer"> <td style="height: 2.75pt; width: 324pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.83pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.83pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 32.5pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.83pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.83pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 37.5pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.83pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 4.83pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 45pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> </tr> </table> <div class="BRDSX_rule-partial" style="height: 0pt; width: 72pt; border-bottom: 1pt solid #000000; margin-bottom: 1pt; margin-right: auto; margin-left: 0pt; margin-top: 13.25pt;"> <br/></div> <table border="0" cellpadding="0" cellspacing="0" style="margin-top: 3pt; margin-left: 0pt; border-spacing: 0;"> <tr> <td style="width: 20pt; text-align: left; vertical-align: top;"> <div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt;">*<br/> </div> </td> <td style="vertical-align: top;"> <div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; text-align: justify;">The United Kingdom accounted for 18% of total revenue for the year ended December 31, 2022 and less than 10% of revenue for the years ended December 31, 2023 and 2024. </div> </td> </tr> </table>

10367000

200469000

1797268000

5463000

28474000

118158000

15830000

228943000

1915426000

0.18

0.10

0.90

<div class="BRDSX_h2" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 20.5pt; margin-left: 0pt; text-align: left;">16. Discontinued Operations </div> <div class="BRDSX_h3" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; font-weight: bold; margin-top: 7.5pt; margin-left: 20pt; text-align: left;">Blockchain Mining and Management Services </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">On September 30, 2022, the Company ceased its Blockchain Mining and Management Services due to changes in Ethereum’s reward policy, which materially impacted potential future mining revenues, and concentrated its focus to its cloud computing business. This strategic shift resulted in the classification of the Blockchain Mining and Management business as discontinued operations in the Company’s financial statements for the year ended December 31, 2022. </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">Blockchain mining utilized the Company’s computing capacity to mine cryptocurrencies, primarily Ethereum, under arrangements where rewards were received as digital assets and immediately converted to U.S. dollars. All digital assets mined were liquidated in 2022, and the Company held no digital assets as of December 31, 2022. Management Services involved hosting and operational support for customers engaged in blockchain mining, with revenues derived through reimbursement agreements and revenue sharing. These activities are not present in subsequent periods, and there are no discontinued operations for any subsequent periods. </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8.5pt; margin-left: 0pt; text-indent: 20pt; text-align: left;">The following table summarizes the net loss from discontinued operations (in thousands): </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: left;"> <br/></div> <table cellpadding="0" cellspacing="0" class="BRDSX_fintab" style="width: 468pt; margin-left: auto; margin-right: auto; border-spacing: 0;"> <tr class="BRDSX_boxspacer"> <td style="height: 6pt; width: 408pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 6.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 6.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 47.16pt;"> <div style="font-size: 1pt;"> </div> </td> </tr> <tr class="BRDSX_header"> <td style="width: 408pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"> </div> </td> <td style="width: 6.42pt; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.42pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Year ended </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">December 31, </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2022 </div> </td> </tr> <tr> <td style="width: 408pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Blockchain and management services revenue</div> </td> <td style="width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 8.17pt; text-align: left;">$<span style="padding-left: 3.33pt;">9,692 </span></div> </td> </tr> <tr> <td style="width: 408pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Operating expenses </div> </td> <td style="width: 6.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> </tr> <tr> <td style="width: 408pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;">Cost of revenue</div> </td> <td style="width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 8.17pt; text-align: left;"><span style="padding-left: 8.33pt;">3,138 </span></div> </td> </tr> <tr> <td style="width: 408pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;">Equipment disposal gain</div> </td> <td style="width: 6.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 8.17pt; text-align: left;"><span style="padding-left: 17.5pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">(99)</span><span style="padding-bottom: 1.5pt;"> </span></div> </td> </tr> <tr> <td style="width: 408pt; padding-top: 2.26pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 20pt; text-align: left;">Operating income</div> </td> <td style="width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 2.26pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 8.17pt; text-align: left;"><span style="padding-left: 8.33pt;">6,653 </span></div> </td> </tr> <tr> <td style="width: 408pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Fair value adjustments of trading securities</div> </td> <td style="width: 6.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 8.17pt; text-align: left;"><span style="padding-left: 5pt;">(2,088) </span></div> </td> </tr> <tr> <td style="width: 408pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Assets impairment loss</div> </td> <td style="width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 8.17pt; text-align: left;"><span style="padding-left: 5pt;">(4,510) </span></div> </td> </tr> <tr> <td style="width: 408pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Other (income) expense, net</div> </td> <td style="width: 6.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 8.17pt; text-align: left;"><span style="padding-left: 12.5pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">(300)</span><span style="padding-bottom: 1.5pt;"> </span></div> </td> </tr> <tr> <td style="width: 408pt; padding-top: 2.26pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 20pt; text-align: left;">Loss from discontinued operations before income tax</div> </td> <td style="width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 2.26pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 8.17pt; text-align: left;"><span style="padding-left: 12.5pt;">(245) </span></div> </td> </tr> <tr> <td style="width: 408pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Income tax benefit</div> </td> <td style="width: 6.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 8.17pt; text-align: left;"><span style="padding-left: 17.5pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">(56)</span><span style="padding-bottom: 1.5pt;"> </span></div> </td> </tr> <tr> <td style="width: 408pt; padding-top: 2.26pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 20pt; text-align: left;">Net loss from discontinued operations, net of tax</div> </td> <td style="width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 8.17pt; text-align: left;">$<span style="padding-left: 7.5pt;">(189)</span></div> </td> </tr> <tr class="BRDSX_boxspacer"> <td style="height: 2.75pt; width: 408pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 47.16pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> </tr> </table> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6.75pt; margin-left: 0pt; text-indent: 20pt; text-align: left;">The following table summarizes the statements of cash flows of the discontinued operations (in thousands): </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: left;"> <br/></div> <table cellpadding="0" cellspacing="0" class="BRDSX_fintab" style="width: 468pt; margin-left: auto; margin-right: auto; border-spacing: 0;"> <tr class="BRDSX_boxspacer"> <td style="height: 6pt; width: 408pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 6.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 6.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 47.16pt;"> <div style="font-size: 1pt;"> </div> </td> </tr> <tr class="BRDSX_header"> <td style="width: 408pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"> </div> </td> <td style="width: 6.42pt; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.42pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Year ended </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">December 31, </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2022 </div> </td> </tr> <tr> <td style="width: 408pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;">Operating activities </div> </td> <td style="width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> </tr> <tr> <td style="width: 408pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Net loss</div> </td> <td style="width: 6.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 8.17pt; text-align: left;">$<span style="padding-left: 7.5pt;">(189) </span></div> </td> </tr> <tr> <td style="width: 408pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;">Adjustments to reconcile net (loss) income to net cash from operating activities </div> </td> <td style="width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> </tr> <tr> <td style="width: 408pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;">Depreciation</div> </td> <td style="width: 6.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 8.17pt; text-align: left;"><span style="padding-left: 8.33pt;">1,428 </span></div> </td> </tr> <tr> <td style="width: 408pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;">Noncash lease expense</div> </td> <td style="width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 8.17pt; text-align: left;"><span style="padding-left: 25.83pt;">6 </span></div> </td> </tr> <tr> <td style="width: 408pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;">Assets impairment</div> </td> <td style="width: 6.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 8.17pt; text-align: left;"><span style="padding-left: 8.33pt;">4,510 </span></div> </td> </tr> <tr> <td style="width: 408pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;">Equipment disposal gain</div> </td> <td style="width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 8.17pt; text-align: left;"><span style="padding-left: 17.5pt;">(99) </span></div> </td> </tr> <tr> <td style="width: 408pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;">Fair value adjustments of trading securities</div> </td> <td style="width: 6.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 8.17pt; text-align: left;"><span style="padding-left: 8.33pt;">2,088 </span></div> </td> </tr> <tr> <td style="width: 408pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;">Realized loss on trading securities</div> </td> <td style="width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 8.17pt; text-align: left;"><span style="padding-left: 15.83pt;">300 </span></div> </td> </tr> <tr> <td style="width: 408pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;">Increase in digital currency from mining and management services</div> </td> <td style="width: 6.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 8.17pt; text-align: left;"><span style="padding-left: 5pt;">(9,692) </span></div> </td> </tr> <tr> <td style="width: 408pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; margin-top: 0pt; margin-left: 0pt; text-align: left;">Changes in operating assets and liabilities: </div> </td> <td style="width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> </tr> <tr> <td style="width: 408pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;">Prepaid and other current assets</div> </td> <td style="width: 6.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 8.17pt; text-align: left;"><span style="padding-left: 16.2pt;">115 </span></div> </td> </tr> <tr> <td style="width: 408pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;">Proceeds from sale of digital currency</div> </td> <td style="width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 8.17pt; text-align: left;"><span style="padding-left: 8.33pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">9,692 </span></div> </td> </tr> <tr> <td style="width: 408pt; padding-top: 2.26pt; padding-bottom: 2.63pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;">Net cash provided by discontinued operating activities</div> </td> <td style="width: 6.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 2.26pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 8.17pt; text-align: left;"><span style="border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">$</span><span style="padding-left: 3.33pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">8,159 </span></div> </td> </tr> <tr> <td style="width: 408pt; padding-top: 2.26pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;">Investing activities </div> </td> <td style="width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 2.26pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> </tr> <tr> <td style="width: 408pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Proceeds from sales of trading securities</div> </td> <td style="width: 6.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 8.17pt; text-align: left;"><span style="padding-left: 15.83pt;">866 </span></div> </td> </tr> <tr> <td style="width: 408pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Proceeds from sale of property and equipment</div> </td> <td style="width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 8.17pt; text-align: left;"><span style="padding-left: 15.83pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">207 </span></div> </td> </tr> <tr> <td style="width: 408pt; padding-top: 2.26pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;">Cash flows provided by investing activities of discontinued operations</div> </td> <td style="width: 6.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 8.17pt; text-align: left;"><span style="border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">$</span><span style="padding-left: 3.33pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">1,073</span></div> </td> </tr> <tr class="BRDSX_boxspacer"> <td style="height: 2.75pt; width: 408pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 6.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 6.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 47.16pt;"> <div style="font-size: 1pt;"> </div> </td> </tr> </table>

<div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8.5pt; margin-left: 0pt; text-indent: 20pt; text-align: left;">The following table summarizes the net loss from discontinued operations (in thousands): </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: left;"> <br/></div> <table cellpadding="0" cellspacing="0" class="BRDSX_fintab" style="width: 468pt; margin-left: auto; margin-right: auto; border-spacing: 0;"> <tr class="BRDSX_boxspacer"> <td style="height: 6pt; width: 408pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 6.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 6.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 47.16pt;"> <div style="font-size: 1pt;"> </div> </td> </tr> <tr class="BRDSX_header"> <td style="width: 408pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"> </div> </td> <td style="width: 6.42pt; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.42pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Year ended </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">December 31, </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2022 </div> </td> </tr> <tr> <td style="width: 408pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Blockchain and management services revenue</div> </td> <td style="width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 8.17pt; text-align: left;">$<span style="padding-left: 3.33pt;">9,692 </span></div> </td> </tr> <tr> <td style="width: 408pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Operating expenses </div> </td> <td style="width: 6.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> </tr> <tr> <td style="width: 408pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;">Cost of revenue</div> </td> <td style="width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 8.17pt; text-align: left;"><span style="padding-left: 8.33pt;">3,138 </span></div> </td> </tr> <tr> <td style="width: 408pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;">Equipment disposal gain</div> </td> <td style="width: 6.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 8.17pt; text-align: left;"><span style="padding-left: 17.5pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">(99)</span><span style="padding-bottom: 1.5pt;"> </span></div> </td> </tr> <tr> <td style="width: 408pt; padding-top: 2.26pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 20pt; text-align: left;">Operating income</div> </td> <td style="width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 2.26pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 8.17pt; text-align: left;"><span style="padding-left: 8.33pt;">6,653 </span></div> </td> </tr> <tr> <td style="width: 408pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Fair value adjustments of trading securities</div> </td> <td style="width: 6.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 8.17pt; text-align: left;"><span style="padding-left: 5pt;">(2,088) </span></div> </td> </tr> <tr> <td style="width: 408pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Assets impairment loss</div> </td> <td style="width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 8.17pt; text-align: left;"><span style="padding-left: 5pt;">(4,510) </span></div> </td> </tr> <tr> <td style="width: 408pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Other (income) expense, net</div> </td> <td style="width: 6.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 8.17pt; text-align: left;"><span style="padding-left: 12.5pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">(300)</span><span style="padding-bottom: 1.5pt;"> </span></div> </td> </tr> <tr> <td style="width: 408pt; padding-top: 2.26pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 20pt; text-align: left;">Loss from discontinued operations before income tax</div> </td> <td style="width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 2.26pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 8.17pt; text-align: left;"><span style="padding-left: 12.5pt;">(245) </span></div> </td> </tr> <tr> <td style="width: 408pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Income tax benefit</div> </td> <td style="width: 6.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 8.17pt; text-align: left;"><span style="padding-left: 17.5pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">(56)</span><span style="padding-bottom: 1.5pt;"> </span></div> </td> </tr> <tr> <td style="width: 408pt; padding-top: 2.26pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 20pt; text-align: left;">Net loss from discontinued operations, net of tax</div> </td> <td style="width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 8.17pt; text-align: left;">$<span style="padding-left: 7.5pt;">(189)</span></div> </td> </tr> <tr class="BRDSX_boxspacer"> <td style="height: 2.75pt; width: 408pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 47.16pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> </tr> </table> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6.75pt; margin-left: 0pt; text-indent: 20pt; text-align: left;">The following table summarizes the statements of cash flows of the discontinued operations (in thousands): </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: left;"> <br/></div> <table cellpadding="0" cellspacing="0" class="BRDSX_fintab" style="width: 468pt; margin-left: auto; margin-right: auto; border-spacing: 0;"> <tr class="BRDSX_boxspacer"> <td style="height: 6pt; width: 408pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 6.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 6.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 6pt; width: 47.16pt;"> <div style="font-size: 1pt;"> </div> </td> </tr> <tr class="BRDSX_header"> <td style="width: 408pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"> </div> </td> <td style="width: 6.42pt; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.42pt; border-bottom: none; white-space: nowrap;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Year ended </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">December 31, </div> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2022 </div> </td> </tr> <tr> <td style="width: 408pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;">Operating activities </div> </td> <td style="width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> </tr> <tr> <td style="width: 408pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Net loss</div> </td> <td style="width: 6.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 8.17pt; text-align: left;">$<span style="padding-left: 7.5pt;">(189) </span></div> </td> </tr> <tr> <td style="width: 408pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;">Adjustments to reconcile net (loss) income to net cash from operating activities </div> </td> <td style="width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> </tr> <tr> <td style="width: 408pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;">Depreciation</div> </td> <td style="width: 6.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 8.17pt; text-align: left;"><span style="padding-left: 8.33pt;">1,428 </span></div> </td> </tr> <tr> <td style="width: 408pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;">Noncash lease expense</div> </td> <td style="width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 8.17pt; text-align: left;"><span style="padding-left: 25.83pt;">6 </span></div> </td> </tr> <tr> <td style="width: 408pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;">Assets impairment</div> </td> <td style="width: 6.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 8.17pt; text-align: left;"><span style="padding-left: 8.33pt;">4,510 </span></div> </td> </tr> <tr> <td style="width: 408pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;">Equipment disposal gain</div> </td> <td style="width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 8.17pt; text-align: left;"><span style="padding-left: 17.5pt;">(99) </span></div> </td> </tr> <tr> <td style="width: 408pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;">Fair value adjustments of trading securities</div> </td> <td style="width: 6.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 8.17pt; text-align: left;"><span style="padding-left: 8.33pt;">2,088 </span></div> </td> </tr> <tr> <td style="width: 408pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;">Realized loss on trading securities</div> </td> <td style="width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 8.17pt; text-align: left;"><span style="padding-left: 15.83pt;">300 </span></div> </td> </tr> <tr> <td style="width: 408pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;">Increase in digital currency from mining and management services</div> </td> <td style="width: 6.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 8.17pt; text-align: left;"><span style="padding-left: 5pt;">(9,692) </span></div> </td> </tr> <tr> <td style="width: 408pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; margin-top: 0pt; margin-left: 0pt; text-align: left;">Changes in operating assets and liabilities: </div> </td> <td style="width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> </tr> <tr> <td style="width: 408pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;">Prepaid and other current assets</div> </td> <td style="width: 6.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 8.17pt; text-align: left;"><span style="padding-left: 16.2pt;">115 </span></div> </td> </tr> <tr> <td style="width: 408pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;">Proceeds from sale of digital currency</div> </td> <td style="width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 8.17pt; text-align: left;"><span style="padding-left: 8.33pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">9,692 </span></div> </td> </tr> <tr> <td style="width: 408pt; padding-top: 2.26pt; padding-bottom: 2.63pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;">Net cash provided by discontinued operating activities</div> </td> <td style="width: 6.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 2.26pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 8.17pt; text-align: left;"><span style="border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">$</span><span style="padding-left: 3.33pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">8,159 </span></div> </td> </tr> <tr> <td style="width: 408pt; padding-top: 2.26pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;">Investing activities </div> </td> <td style="width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 2.26pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> </td> </tr> <tr> <td style="width: 408pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Proceeds from sales of trading securities</div> </td> <td style="width: 6.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 8.17pt; text-align: left;"><span style="padding-left: 15.83pt;">866 </span></div> </td> </tr> <tr> <td style="width: 408pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Proceeds from sale of property and equipment</div> </td> <td style="width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.42pt; background-color: #CCEEFF;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 1.01pt; padding-bottom: 2.63pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 8.17pt; text-align: left;"><span style="padding-left: 15.83pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">207 </span></div> </td> </tr> <tr> <td style="width: 408pt; padding-top: 2.26pt; text-align: left; vertical-align: bottom;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;">Cash flows provided by investing activities of discontinued operations</div> </td> <td style="width: 6.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 6.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="width: 47.16pt; padding-top: 2.26pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 8.17pt; text-align: left;"><span style="border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">$</span><span style="padding-left: 3.33pt; border-bottom: 1pt solid #000000; padding-bottom: 1.5pt;">1,073</span></div> </td> </tr> <tr class="BRDSX_boxspacer"> <td style="height: 2.75pt; width: 408pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 6.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 6.42pt;"> <div style="font-size: 1pt;"> </div> </td> <td style="height: 2.75pt; width: 47.16pt;"> <div style="font-size: 1pt;"> </div> </td> </tr> </table>

9692000

3138000

99000

6653000

2088000 4510000 -300000

-245000

-56000

-189000

1428000

6000 4510000 99000 2088000 300000 9692000 -115000 9692000

8159000

866000 207000

1073000

50000000

160000000

P2Y

473000000

4300000000

3400000000

P15Y

70 304000000

1700000000

P13Y

20400000

<div class="BRDSX_h2" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 12pt; margin-left: 0pt; text-align: left;">Note 18. Subsequent Events (Unaudited) </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">The Company has evaluated subsequent events from the date the consolidated financial statements were originally issued on March 3, 2025 through March 19, 2025, the date the consolidated financial statements were reissued. </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6.75pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">In March 2025, the Company entered into a Master Services Agreement (the “OpenAI Master Services Agreement”) with OpenAI, pursuant to which the Company provides OpenAI access to cloud computing capacity through fulfillment of reserved capacity orders submitted to the Company by OpenAI. As of March 11, 2025, subject to the satisfaction of delivery and availability of service requirements, OpenAI has committed to pay the Company up to approximately $11.9 billion through October 2030. Under the outstanding order under the OpenAI Master Services Agreement, the Company has established a special purpose vehicle that will hold the infrastructure, and the Company intends for the special purpose vehicle to incur indebtedness to finance its obligations under the OpenAI Master Services Agreement. Additionally, the Company has agreed to issue to OpenAI, in accordance with the terms of the OpenAI Master Services Agreement and pursuant to a stock issuance agreement (the “OpenAI Stock Issuance Agreement”) with OpenAI, a number of shares of the Company’s Class A common stock equal to $350.0 million valued at a price per share equal to the initial public offering price. The issuance of the shares in a private placement is contingent upon the completion of this offering. Any revenue recognized under the OpenAI Master Service Agreement will be offset by the value of the shares issued under the OpenAI Stock Issuance Agreement. </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">In March 2025, the Company entered into a credit agreement (the “2025 Term Loan Credit Agreement”) with Morgan Stanley Senior Funding, Inc., as administrative agent, the guarantors party thereto, and the lenders party thereto, providing for a $300 million unsecured term loan facility (the “2025 Term Loan Facility”). The obligations under the 2025 Term Loan Facility are unconditionally guaranteed by the subsidiary guarantors as described in the 2025 Term Loan Credit Agreement. Amounts borrowed under the 2025 Term Loan Facility may only be borrowed in a single funding. There have been no borrowings under the 2025 Term Loan Facility as of March 19, 2025. The proceeds of the 2025 Term Loan Facility may be used for working capital and general corporate purposes (including the financing of acquisitions and other investments). The 2025 Term Loan Facility will mature on December 16, 2025. Amounts borrowed under the 2025 Term Loan Facility are subject to an interest rate per annum equal to, at the Company’s option, either (a) for base rate loans, an applicable margin of 0.75% plus a base rate (subject to a 1.00% floor) determined by reference to the highest of (i) the prime rate, (ii) the greater of (A) the federal funds effective rate and (B) the overnight bank funding rate, in each case, plus 0.50%, and (iii) the one month term SOFR plus 1.00% or (b) for term benchmark loans, an applicable margin of 1.75% plus the term SOFR (subject to a 0.00% floor) for a one, three, or six month interest period plus, in the case of either of clauses (a) or (b), a fee of 2.25% payable to the lenders thereof. Once drawn, the loans are prepayable at any time, from time to time, at the Company’s option, and are required to be prepaid with the proceeds of certain asset dispositions, incurrences of indebtedness or equity issuances, including a requirement to be prepaid with some or all of the proceeds of this offering. All unfunded commitments of the lenders under the 2025 Term Loan Facility shall terminate upon the earlier to occur of (i) April 7, 2025 and (ii) the closing of this offering. </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">In March 2025, the Company entered into agreements to lease additional space. The Company expects to make approximately $497 million of additional rent payments over the next 12 years related to the leases. </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">In March 2025, the Company entered into a lease agreement for various buildings located at a single site intended to be used as data centers. The agreement provides access to 133 MW of electrical power, which is expected to be delivered in phases in 2026. The Company will make contractual rent payments based on construction costs incurred by the lessor. The total contractual rent payments range from $3.8 billion to $4.8 billion over the next 15 years term related to this lease. </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">In March 2025, the Company entered into various additional financing agreements with an OEM. The financing agreements have an aggregate notional balance of $41 million. The financing arrangements have a term of 2 years. The Company granted a security interest for the financed equipment. </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">In March 2025, the Company’s Board of Directors approved the 2025 Equity Incentive Plan (the “2025 Plan”), which will become effective in connection with the IPO. A total of 50,000,000 shares of the Company’s Class A common stock has been reserved for issuance in connection with the 2025 Plan. </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">In March 2025, the Company’s Board of Directors approved the 2025 Employee Stock Purchased Plan (the “2025 ESPP”), which will both become effective in connection with the IPO. A total of 10,000,000 shares of the Company’s Class A common stock has been reserved for issuance in connection with the 2025 ESPP. </div> <div style="display:none;"><br/></div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">Subsequent to December 31, 2024, the Company’s board of directors approved grants of 8,753,320 RSUs. Based on the midpoint of the price range set forth on the cover page of this prospectus, the Company currently estimates that the unrecognized stock-based compensation expense related to these RSUs will be approximately $450 million. This estimate is preliminary, subject to change, and may differ materially from the final amount recognized depending on factors such as the actual offering price and other valuation inputs. </div>

11900000000

350000000

300000000

2025-12-16

0.0075

0.01

0.005

P1M

0.01

0.0175

0.0225

497000000

P12Y

133

3800000000

4800000000

P15Y

41000000

P2Y

50000000

10000000

8753320

450000000

Refer to Note 14—Related-Party Transactions for further information on related party arrangements. The United Kingdom accounted for 18% of total revenue for the year ended December 31, 2022 and less than 10% of revenue for the years ended December 31, 2023 and 2024.