v3.25.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 28, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 103,497 $ 131,913
Restricted cash, current 1,172 1,041
Accounts receivable, net 37,338 26,862
Inventory 110,868 113,444
Prepaid expenses and other current assets 42,596 11,332
Assets held for sale 1,664 1,864
Total current assets 297,135 286,456
Restricted cash, non-current 12,600 12,600
Property, plant and equipment, net 320,988 184,887
Operating lease right-of-use assets 6,527 123,975
Prepaid lease costs, non-current 52,272 68,005
Other non-current assets, net 688 622
Investment in unconsolidated joint venture 1,531 1,601
Total assets 691,741 678,146
Current liabilities:    
Accounts payable 68,837 37,571
Current portion of operating lease liabilities 1,798 4,125
Accrued expenses and other current liabilities 15,618 11,656
Accrued litigation settlement 0 7,250
Short-term finance lease liabilities 3,934 851
Total current liabilities 90,187 61,453
Long-term liabilities:    
Convertible senior notes, net 1,143,443 1,141,476
Delayed draw term loan, net 30,525 0
Delayed draw term loan warrants 20,143 0
Operating lease liabilities, net of current portion 4,441 73,613
Finance lease obligations and other long-term liabilities 80,025 2,812
Total long-term liabilities 1,278,577 1,217,901
Commitments and contingencies (Note 9)
Stockholders’ deficit:    
Preferred stock, par value $0.0001 per share—500,000 shares authorized, none issued and outstanding 0 0
Common stock, par value $0.0001 per share—500,000,000 shares authorized; 76,597,624 shares and 76,065,969 shares issued and outstanding at June 28, 2025 and December 31, 2024, respectively 8 8
Additional paid-in capital 653,855 644,004
Accumulated deficit (1,323,689) (1,241,531)
Accumulated other comprehensive loss (7,197) (3,689)
Total stockholders’ deficit (677,023) (601,208)
Total liabilities and stockholders’ deficit $ 691,741 $ 678,146