v3.25.4
Consolidated Statements of Stockholders' Equity - USD ($)
$ in Thousands
Total
Treasury stock
Additional paid-in capital
Accumulated deficit
Accumulated other comprehensive income (loss)
Class A non-voting common stock
Class A non-voting common stock
Common stock
Class A non-voting common stock
Common stock
Class A Non-Voting Common Stock Conversion From Class B Voting Common Stock
Class B voting common stock
Class B voting common stock
Common stock
Class B voting common stock
Common stock
Class A Non-Voting Common Stock Conversion From Class B Voting Common Stock
Class C voting common stock
Class C voting common stock
Common stock
Common stock, beginning of period (in shares) at Dec. 31, 2022     0 0     1,319,930,000     22,529,000     231,627,000
Treasury stock, beginning of period (in shares) at Dec. 31, 2022   51,312,000                      
Equity, Attributable to Parent, Beginning Balance at Dec. 31, 2022   $ (500,514) $ 13,309,828 $ (10,214,657) $ (13,974)   $ 13     $ 0     $ 2
Increase (Decrease) in Stockholders' Equity [Roll Forward]                          
Shares issued in connection with exercise of stock options under stock-based compensation plans (in shares)             599,000     565,000      
Issuance of Class A non-voting common stock for vesting of restricted stock units and restricted stock awards, net (in shares)             86,557,000            
Issuance of Class A non-voting common stock for vesting of restricted stock units and restricted stock awards, net             $ 1            
Conversion of common stock to common stock (in shares)               566,000     (566,000)    
Repurchases of Class A non-voting common stock (in shares)             (18,423,000)            
Reissuances of Class A non-voting common stock for vesting of restricted stock units (in shares)   (2,112,000)         2,112,000            
Repurchases of Class A non-voting common stock (in shares)   18,423,000                      
Repurchases of Class A non-voting common stock   $ (189,394)                      
Retirement of Class A non-voting common stock (in shares)   (18,423,000)                      
Retirement of Class A non-voting common stock   $ 189,394   (189,394)                  
Reissuances of Class A non-voting common stock for vesting of restricted stock units   $ 20,611 (20,611)                    
Stock-based compensation expense     1,323,149                    
Shares issued in connection with exercise of stock options under stock-based compensation plans     $ 1,038                    
Net loss $ (1,322,485)     $ (1,322,485)   $ (1,114,039)     $ (18,479)     $ (189,967)  
Other comprehensive income (loss), net of tax $ 21,105       $ 21,105                
Common stock, end of period (in shares) at Dec. 31, 2023 1,694,696,000   0 0 0   1,391,341,000     22,528,000     231,627,000
Treasury stock, end of period (in shares) at Dec. 31, 2023   49,200,000                      
Total stockholders’ equity at Dec. 31, 2023 $ 2,414,112 $ (479,903) $ 14,613,404 $ (11,726,536) $ 7,131   $ 14     $ 0     $ 2
Increase (Decrease) in Stockholders' Equity [Roll Forward]                          
Shares issued in connection with exercise of stock options under stock-based compensation plans (in shares)             884,000     5,000      
Issuance of Class A non-voting common stock for vesting of restricted stock units and restricted stock awards, net (in shares)             70,167,000            
Conversion of common stock to common stock (in shares)               10,000     (10,000)    
Repurchases of Class A non-voting common stock (in shares)             (27,885,000)            
Reissuances of Class A non-voting common stock for vesting of restricted stock units (in shares)   (1,978,000)         1,978,000            
Repurchases of Class A non-voting common stock (in shares)   27,885,000                      
Repurchases of Class A non-voting common stock   $ (311,069)                      
Retirement of Class A non-voting common stock (in shares)   (27,885,000)                      
Retirement of Class A non-voting common stock   $ 311,069   (311,069)                  
Reissuances of Class A non-voting common stock for vesting of restricted stock units   $ 19,283 (19,283)                    
Stock-based compensation expense     1,041,023                    
Shares issued in connection with exercise of stock options under stock-based compensation plans     12,798                    
Purchase of capped calls     (68,850)                    
Termination of capped calls     62,683                    
Other     $ 2,357                    
Net loss (697,856)     $ (697,856)   $ (590,956)     $ (9,475)     $ (97,425)  
Other comprehensive income (loss), net of tax $ (4,437)       $ (4,437)                
Common stock, end of period (in shares) at Dec. 31, 2024 1,737,867,000   0 0 0 1,436,495,000 1,436,495,000   22,523,000 22,523,000   231,627,000 231,627,000
Treasury stock, end of period (in shares) at Dec. 31, 2024   47,222,000       47,222,000              
Total stockholders’ equity at Dec. 31, 2024 $ 2,450,761 $ (460,620) $ 15,644,132 $ (12,735,461) $ 2,694   $ 14     $ 0     $ 2
Increase (Decrease) in Stockholders' Equity [Roll Forward]                          
Shares issued in connection with exercise of stock options under stock-based compensation plans (in shares)             58,000            
Issuance of Class A non-voting common stock for vesting of restricted stock units and restricted stock awards, net (in shares)             104,991,000            
Issuance of Class A non-voting common stock for vesting of restricted stock units and restricted stock awards, net             $ 1            
Repurchases of Class A non-voting common stock (in shares)             (86,693,000)            
Reissuances of Class A non-voting common stock for vesting of restricted stock units (in shares)   (2,552,000)         2,552,000            
Repurchases of Class A non-voting common stock (in shares)   86,693,000                      
Repurchases of Class A non-voting common stock   $ (750,866)                      
Retirement of Class A non-voting common stock (in shares)   (86,693,000)                      
Retirement of Class A non-voting common stock   $ 750,866   (750,866)                  
Reissuances of Class A non-voting common stock for vesting of restricted stock units   $ 24,898 (24,898)                    
Stock-based compensation expense     1,017,716                    
Shares issued in connection with exercise of stock options under stock-based compensation plans     $ 374                    
Net loss (460,489)     $ (460,489)   $ (391,426)     $ (6,121)     $ (62,942)  
Other comprehensive income (loss), net of tax $ 23,998       $ 23,998                
Common stock, end of period (in shares) at Dec. 31, 2025 1,756,223,000   0 0 0 1,457,403,389 1,457,403,000   22,523,290 22,523,000   231,626,943 231,627,000
Treasury stock, end of period (in shares) at Dec. 31, 2025   44,670,000       44,670,000              
Total stockholders’ equity at Dec. 31, 2025 $ 2,281,495 $ (435,722) $ 16,637,324 $ (13,946,816) $ 26,692   $ 15     $ 0     $ 2
Increase (Decrease) in Stockholders' Equity [Roll Forward]                          
Common stock, shares issued, not disclosed true