v3.25.3
Property, Plant and Equipment (Q2) (Details) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Dec. 31, 2023
Property, Plant and Equipment [Line Items]      
Property, plant and equipment, gross $ 2,425 $ 1,492 $ 645
Less: Accumulated depreciation (453) (78) (8)
Property, plant and equipment, net 1,972 1,414 637
Leasehold improvements      
Property, Plant and Equipment [Line Items]      
Property, plant and equipment, gross 887 548 38
Machinery & equipment      
Property, Plant and Equipment [Line Items]      
Property, plant and equipment, gross 1,524 664 86
Computers & office equipment      
Property, Plant and Equipment [Line Items]      
Property, plant and equipment, gross 14 14 19
Construction in progress      
Property, Plant and Equipment [Line Items]      
Property, plant and equipment, gross $ 0 $ 266 $ 502