v3.25.4
CONSOLIDATED STATEMENTS OF STOCKHOLDERS' DEFICIT - USD ($)
$ in Millions
Class A common stock
Common Stock
Forward purchase agreement
Class A common stock
Common Stock
Series A Convertible Participating Preferred Stock
Preferred Stock
Forward purchase agreement
 [2]
Series A Convertible Participating Preferred Stock
Preferred Stock
Depositary Shares of AMC Preferred Equity
Preferred Stock
Forward purchase agreement
 [2]
Depositary Shares of AMC Preferred Equity
Preferred Stock
Additional Paid-in Capital
Forward purchase agreement
 [2]
Additional Paid-in Capital
Accumulated Other Comprehensive Loss
Accumulated Deficit
Total Stockholders' Deficit
Forward purchase agreement
Total Stockholders' Deficit
Total
Balance at the beginning of the period at Dec. 31, 2022   $ 0.5       $ 0.1   $ 5,049.8 $ (77.3) $ (7,597.6)   $ (2,624.5)  
Balance (in shares) at Dec. 31, 2022 [1]   51,683,892   7,245,872   72,458,705              
Increase (Decrease) in Stockholders' Equity                          
Net loss                   (396.6)   (396.6) $ (396.6)
Other comprehensive income (loss)                 (0.9)     (0.9)  
Share issuances   $ 0.9         $ 193.7 759.4     $ 193.7 [2] 760.3  
Share issuance (in shares) [1]   88,030,843 1,976,213 705,036 19,762,130 7,050,362              
Conversion of convertible securities   $ 1.0       $ (0.1)   (0.9)          
Conversion of convertible securities (in shares) [1]   99,540,642   (9,954,065)   (99,540,642)              
Settlement payment   $ 0.1           99.2       99.3  
Settlement payment (In shares) [1]   6,897,018                      
Debt for equity exchange   $ 0.1           92.8       92.9  
Debt for equity exchange (shares) [1]   14,186,651                      
Taxes paid for restricted unit withholdings               (14.2)       (14.2)  
Stock-based compensation               42.1       42.1  
Stock-based compensation (in shares) [1]   235,346   26,944   269,445              
Balance at the end of the period at Dec. 31, 2023   $ 2.6           6,221.9 (78.2) (7,994.2)   (1,847.9)  
Balance (in shares) at Dec. 31, 2023 [1]   260,574,392                      
Increase (Decrease) in Stockholders' Equity                          
Net loss                   (352.6)   (352.6) (352.6)
Other comprehensive income (loss)                 (53.8)     (53.8)  
Share issuances $ 0.3 $ 0.7           252.8     $ 0.3 253.5  
Share issuance (in shares) [1] 30,000,000 75,497,216                      
Debt for equity exchange   $ 0.5           219.8       220.3  
Debt for equity exchange (shares) [1]   47,654,455                      
Taxes paid for restricted unit withholdings               (2.2)       (2.2)  
Stock-based compensation               21.9       21.9  
Stock-based compensation (in shares) [1]   691,734                      
Balance at the end of the period at Dec. 31, 2024   $ 4.1           6,714.2 (132.0) (8,346.8)   (1,760.5)  
Balance (in shares) at Dec. 31, 2024 [1]   414,417,797                      
Increase (Decrease) in Stockholders' Equity                          
Net loss                   (632.4)   (632.4) $ (632.4)
Other comprehensive income (loss)                 89.8     89.8  
Share issuances   $ 0.2           170.6       170.8  
Share issuance (in shares) [1]   17,052,756                      
Debt for equity exchange   $ 0.8           224.2       225.0  
Debt for equity exchange (shares) [1]   79,800,000                      
Taxes paid for restricted unit withholdings               (4.4)       (4.4)  
Stock-based compensation [3]               16.9       16.9  
Stock-based compensation (in shares) [1],[3]   1,673,008                      
Balance at the end of the period at Dec. 31, 2025   $ 5.1           $ 7,121.5 $ (42.2) $ (8,979.2)   $ (1,894.8)  
Balance (in shares) at Dec. 31, 2025 [1]   512,943,561                      
[1] Share counts have been retroactively adjusted to reflect the effect of the reverse stock split.
[2] Includes $75.1 million of cash proceeds and $118.6 million carrying value of the debt exchanged for AMC Preferred Equity Units.
[3] Includes 370,586 Common Stock shares awarded to the Board and 1,302,422 vested Common Stock restricted stock units and performance stock units.