v3.26.1
Consolidated Balance Sheets
€ in Thousands
Dec. 31, 2025
USD ($)
Dec. 31, 2024
USD ($)
Current assets    
Cash and cash equivalents $ 417,657,000 $ 84,624,000
Accounts receivable, net of allowance for doubtful accounts 12,944,000 3,825,000
Inventories 2,012,000 1,418,000
Prepaid expenses 880,000 355,000
Investment, current 10,032,000  
Government assistance 4,578,813 2,246,680
Other current assets 1,534,000 593,000
Total current assets 449,638,000 93,062,000
Noncurrent assets    
Loans receivable, noncurrent 31,000  
Deferred tax credits 2,295,000 190,000
Property, plant and equipment, net of accumulated depreciation 3,770,000 3,201,000
Intangible assets, net of accumulated amortization 20,953,000  
Operating lease right-of-use assets 6,113,000 1,031,000
Finance lease right-of-use assets 126,000  
Goodwill 5,656,000  
Available-for-sale debt securities, noncurrent 129,000  
Investment in SAFE 1,000,000  
Other noncurrent assets 251,000 82,000
Total noncurrent assets 54,541,000 4,504,000
TOTAL ASSETS 504,179,000 97,566,000
Current Liabilities    
Accounts payable 16,818,000 10,073,000
Notes payable 689,000 4,828,000
Deferred revenue, current 25,000 5,000
Current portion of obligations under operating lease liabilities 668,000 327,000
Current portion of obligations under finance lease liabilities 57,000  
Income tax payable 3,000 1,000
Other current liabilities 9,988,000 1,659,000
Total current liabilities 28,248,000 16,893,000
Noncurrent liabilities    
Noncurrent liabilities 989,000  
Operating lease liabilities, noncurrent 5,523,000 616,000
Finance lease liabilities, noncurrent 72,000  
Deferred tax liability 4,367,000  
Employee benefit plan obligation 2,162,000 464,000
Other noncurrent liabilities 1,310,000  
Total noncurrent liabilities 14,423,000 4,185,000
TOTAL LIABILITIES 42,671,000 21,078,000
Commitments and contingent liabilities
SHAREHOLDERS' EQUITY    
Additional paid-in capital 534,773,000 116,568,000
Accumulated other comprehensive income 852,000 758,000
Accumulated deficit (76,107,000) (41,913,000)
Total shareholders' equity 461,508,000 76,488,000
TOTAL LIABILITIES AND EQUITY 504,179,000 97,566,000
Related party    
Current assets    
Accounts receivable, net of allowance for doubtful accounts 8,656,000 223,000
Noncurrent assets    
Investments in unconsolidated affiliates 9,958,000  
Noncurrent liabilities    
Noncurrent liabilities   3,105,000
Non-related party    
Noncurrent assets    
Investments in unconsolidated affiliates 4,259,000  
Current Liabilities    
Notes payable 689,000 1,819,000
Noncurrent liabilities    
Noncurrent liabilities 989,000  
Ordinary shares    
SHAREHOLDERS' EQUITY    
Common stock 1,915,000 1,000,000
F shares    
SHAREHOLDERS' EQUITY    
Common stock $ 75,000 $ 75,000