Condensed Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-In Capital	Accumulated Other Comprehensive Income (Loss)	Accumulated Deficit	Treasury Stock
Beginning balance (in shares) at Dec. 31, 2023		72,161,489,000
Beginning balance at Dec. 31, 2023	$ 811,019	$ 72	$ 2,436,523	$ (441)	$ (822,649)	$ (802,486)
Treasury stock, beginning balance (in shares) at Dec. 31, 2023						(16,216,411,000)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Unrealized gain on available-for-sale securities	(646)			(646)
Common stock issued under stock incentive plan and ESPP (in shares)		806,433,000
Common stock issued under stock incentive plan and ESPP	5,864	$ 1	5,863
Stock-based compensation expense	9,234		9,234
Net (loss) income	(81,549)				(81,549)
Ending balance (in shares) at Mar. 31, 2024		72,967,922,000
Ending balance at Mar. 31, 2024	743,922	$ 73	2,451,620	(1,087)	(904,198)	$ (802,486)
Treasury stock, ending balance (in shares) at Mar. 31, 2024						(16,216,411,000)
Beginning balance (in shares) at Dec. 31, 2023		72,161,489,000
Beginning balance at Dec. 31, 2023	811,019	$ 72	2,436,523	(441)	(822,649)	$ (802,486)
Treasury stock, beginning balance (in shares) at Dec. 31, 2023						(16,216,411,000)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (loss) income	770,248
Ending balance (in shares) at Sep. 30, 2024		73,237,954,000
Ending balance at Sep. 30, 2024	1,626,672	$ 73	2,478,066	3,420	(52,401)	$ (802,486)
Treasury stock, ending balance (in shares) at Sep. 30, 2024						(16,216,411,000)
Beginning balance (in shares) at Mar. 31, 2024		72,967,922,000
Beginning balance at Mar. 31, 2024	743,922	$ 73	2,451,620	(1,087)	(904,198)	$ (802,486)
Treasury stock, beginning balance (in shares) at Mar. 31, 2024						(16,216,411,000)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Unrealized gain on available-for-sale securities	42			42
Common stock issued under stock incentive plan and ESPP (in shares)		123,568,000
Common stock issued under stock incentive plan and ESPP	1,099		1,099
Stock-based compensation expense	11,565		11,565
Net (loss) income	(96,118)				(96,118)
Ending balance (in shares) at Jun. 30, 2024		73,091,490,000
Ending balance at Jun. 30, 2024	660,510	$ 73	2,464,284	(1,045)	(1,000,316)	$ (802,486)
Treasury stock, ending balance (in shares) at Jun. 30, 2024						(16,216,411,000)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Unrealized gain on available-for-sale securities	4,465			4,465
Common stock issued under stock incentive plan and ESPP (in shares)		146,464,000
Common stock issued under stock incentive plan and ESPP	2,637		2,637
Stock-based compensation expense	11,145		11,145
Net (loss) income	947,915				947,915
Ending balance (in shares) at Sep. 30, 2024		73,237,954,000
Ending balance at Sep. 30, 2024	$ 1,626,672	$ 73	2,478,066	3,420	(52,401)	$ (802,486)
Treasury stock, ending balance (in shares) at Sep. 30, 2024						(16,216,411,000)
Beginning balance (in shares) at Dec. 31, 2024	57,156,285	73,372,696,000
Beginning balance at Dec. 31, 2024	$ 1,540,956	$ 73	2,493,811	(1,518)	(148,924)	$ (802,486)
Treasury stock, beginning balance (in shares) at Dec. 31, 2024	(16,216,411)					(16,216,411)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Unrealized gain on available-for-sale securities	$ 1,883			1,883
Common stock issued under stock incentive plan and ESPP (in shares)		730,496,000
Common stock issued under stock incentive plan and ESPP	1,619	$ 1	1,618
Stock-based compensation expense	11,359		11,359
Net (loss) income	(89,289)				(89,289)
Ending balance (in shares) at Mar. 31, 2025		74,103,192,000
Ending balance at Mar. 31, 2025	$ 1,466,528	$ 74	2,506,788	365	(238,213)	$ (802,486)
Treasury stock, ending balance (in shares) at Mar. 31, 2025						(16,216,411)
Beginning balance (in shares) at Dec. 31, 2024	57,156,285	73,372,696,000
Beginning balance at Dec. 31, 2024	$ 1,540,956	$ 73	2,493,811	(1,518)	(148,924)	$ (802,486)
Treasury stock, beginning balance (in shares) at Dec. 31, 2024	(16,216,411)					(16,216,411)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common stock issued under stock incentive plan and ESPP (in shares)	93,389
Net (loss) income	$ (304,742)
Ending balance (in shares) at Sep. 30, 2025	58,279,876	74,496,287,000
Ending balance at Sep. 30, 2025	$ 1,284,330	$ 74	2,538,357	2,051	(453,666)	$ (802,486)
Treasury stock, ending balance (in shares) at Sep. 30, 2025	(16,216,411)					(16,216,411)
Beginning balance (in shares) at Mar. 31, 2025		74,103,192,000
Beginning balance at Mar. 31, 2025	$ 1,466,528	$ 74	2,506,788	365	(238,213)	$ (802,486)
Treasury stock, beginning balance (in shares) at Mar. 31, 2025						(16,216,411)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Unrealized gain on available-for-sale securities	290			290
Common stock issued under stock incentive plan and ESPP (in shares)		151,764,000
Common stock issued under stock incentive plan and ESPP	65		65
Stock-based compensation expense	14,692		14,692
Net (loss) income	(112,020)				(112,020)
Ending balance (in shares) at Jun. 30, 2025		74,254,956,000
Ending balance at Jun. 30, 2025	1,369,555	$ 74	2,521,545	655	(350,233)	$ (802,486)
Treasury stock, ending balance (in shares) at Jun. 30, 2025						(16,216,411)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Unrealized gain on available-for-sale securities	1,396			1,396
Common stock issued under stock incentive plan and ESPP (in shares)		241,331,000
Common stock issued under stock incentive plan and ESPP	4,435		4,435
Stock-based compensation expense	12,377		12,377
Net (loss) income	$ (103,433)				(103,433)
Ending balance (in shares) at Sep. 30, 2025	58,279,876	74,496,287,000
Ending balance at Sep. 30, 2025	$ 1,284,330	$ 74	$ 2,538,357	$ 2,051	$ (453,666)	$ (802,486)
Treasury stock, ending balance (in shares) at Sep. 30, 2025	(16,216,411)					(16,216,411)

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

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Amount of equity (deficit) attributable to parent. Excludes temporary equity and equity attributable to noncontrolling interest.

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+ Details

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