v3.25.1
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Revenue:    
Total revenue $ 504,271 $ 458,188
Operating expenses:    
Sales and marketing 145,990 152,264
Research and development 9,979 12,087
General and administrative 57,763 51,266
Total operating expenses 619,159 641,310
Loss from operations (114,888) (183,122)
Interest expense, net (227,434) (192,159)
Other (expense) income, net (45,399) 89,930
Loss before income taxes (387,721) (285,351)
Income tax benefit (110,550) (2,201)
Net loss (277,171) (283,150)
Net loss attributable to noncontrolling interests and redeemable noncontrolling interests (327,182) (195,332)
Net income (loss) attributable to common stockholders $ 50,011 $ (87,818)
Net income (loss) per share attributable to common stockholders    
Basic (in dollars per share) $ 0.22 $ (0.40)
Diluted (in dollars per share) $ 0.20 $ (0.40)
Weighted average shares used to compute net income (loss) per share attributable to common stockholders    
Basic (in shares) 226,406 219,882
Diluted (in shares) 257,911 219,882
Customer agreements and incentives    
Revenue:    
Total revenue $ 402,920 $ 322,967
Operating expenses:    
Costs 308,629 269,534
Solar energy systems and product sales    
Revenue:    
Total revenue 101,351 135,221
Operating expenses:    
Costs $ 96,798 $ 156,159

Source