v3.25.0.1
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Revenue:      
Total revenue $ 2,037,719 $ 2,259,813 $ 2,321,422
Operating expenses:      
Sales and marketing 617,162 740,821 745,386
Research and development 39,304 21,816 20,907
General and administrative 245,127 221,067 194,611
Goodwill impairment 3,122,168 1,158,000 0
Total operating expenses 5,732,926 4,238,456 2,983,614
Loss from operations (3,695,207) (1,978,643) (662,192)
Interest expense, net (848,366) (652,989) (445,819)
Other income (expense), net 161,539 (63,900) 260,657
Loss before income taxes (4,382,034) (2,695,532) (847,354)
Income tax (benefit) expense (26,817) (12,691) 2,291
Net loss (4,355,217) (2,682,841) (849,645)
Net loss attributable to noncontrolling interests and
   redeemable noncontrolling interests (1,509,050) (1,078,344) (1,023,022)
Net (loss) income attributable to common stockholders $ (2,846,167) $ (1,604,497) $ 173,377
Net (loss) income per share attributable to common stockholders      
Basic (in dollars per share) $ (12.81) $ (7.41) $ 0.82
Diluted (in dollars per share) $ (12.81) $ (7.41) $ 0.80
Weighted average shares used to compute net (loss) income
   per share attributable to common stockholders      
Basic (in shares) 222,215 216,642 211,347
Diluted (in shares) 222,215 216,642 219,157
Customer agreements and incentives      
Revenue:      
Total revenue $ 1,505,227 $ 1,186,706 $ 983,047
Operating expenses:      
Costs 1,169,213 1,077,114 844,162
Solar energy systems and product sales      
Revenue:      
Total revenue 532,492 1,073,107 1,338,375
Operating expenses:      
Costs $ 539,952 $ 1,019,638 $ 1,178,548

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