NET LOSS PER SHARE (Tables)

9 Months Ended

Sep. 30, 2025

Schedule of Reconciliations of the Numerators and Denominators Used to Compute Basic and Diluted Earnings (Loss) Per Share

The following table sets forth reconciliations of the numerators and denominators used to compute basic and diluted net loss per share (in thousands, except per share amounts):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2025		2024		2025		2024
Numerator:
Net loss	$	(146,660)	$	(455,259)	$	(502,766)	$	(1,049,464)
Change in fair value of Tranche 2 Warrants	(849)		111,834		33,311		111,834


Basic and diluted net loss	$	(147,509)	$	(343,425)	$	(469,455)	$	(937,630)
Denominator:
Weighted average shares outstanding - basic and diluted	318,562		292,486		317,363		253,058







Net loss per share - basic and diluted	$	(0.46)	$	(1.17)	$	(1.48)	$	(3.71)

Schedule of Antidilutive Securities Excluded from Computation of Earnings (Loss) Per Share

Potentially dilutive securities include securities excluded from the calculation of diluted EPS because to do so would be anti-dilutive. Shares which may be issued from potentially dilutive securities are as follows (in thousands):


	Three and Nine Months Ended
	September 30, 2025	September 30, 2024
Tranche 1 Warrants	97,394	98,079
Convertible Notes	69,611	41,825
RSUs, PSUs, and MSUs	24,792	22,019
Stock options	344	369
Total shares issuable from potentially dilutive securities	192,141	162,292