v3.25.4
Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2025
Accounting Policies [Abstract]  
Schedule of Property, Plant and Equipment, Net
Property, plant and equipment are stated at cost, less accumulated depreciation and amortization. Depreciation and amortization are computed using the straight-line method over the estimated useful lives of the respective assets as shown below.
Production equipment
4 to 7 years
Lab equipment4 years
Furniture, fixtures and other equipment
3 to 5 years
Leasehold improvementsLesser of their useful lives or the term of the lease
Property, plant and equipment, net consisted of the following (in thousands):
December 31,
20252024
Production equipment$2,839 $7,474 
Lab equipment1,032 1,921 
Leasehold improvements11,163 11,555 
Furniture, fixtures and other equipment219 300 
Construction in progress4,340 8,219 
Property, plant and equipment, at cost19,593 29,469 
Less: accumulated depreciation and amortization(9,913)(11,988)
Property, plant and equipment, net$9,680 $17,481 
Revenue by Geographic Area Based on Delivery Location
The following table shows our revenue by geographic area based on the delivery location of our battery products and services (in thousands):
Year ended December 31,
20252024
North America$11,808 $8,218 
EMEA52,572 10,691 
Asia Pacific
8,631 5,258 
Total revenue$73,011 $24,167