v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 77,063 $ 128,513
Marketable securities 427,669 405,313
Total cash, cash equivalents, and marketable securities 504,732 533,826
Accounts and accrued receivable 36,761 58,293
Restricted cash 25,000 25,000
Other current assets 98,103 111,113
Total current assets 664,596 728,232
Long-term assets:    
Property and equipment, net 422,806 428,003
Intangible assets, net 37,460 38,381
Goodwill 47,806 47,806
Investments in equity accounted investees 65,308 62,580
Other long-term assets 69,136 51,948
Total long-term assets 642,516 628,718
Total assets 1,307,112 1,356,950
Current liabilities:    
Accounts payable and other current liabilities 39,551 50,781
Deferred revenue 7,743 13,526
Total current liabilities 47,294 64,307
Long-term liabilities:    
Operating lease liability 134,309 137,403
Deferred government contributions 176,105 174,453
Other long-term liabilities 11,321 13,883
Total long-term liabilities 321,735 325,739
Total liabilities 369,029 390,046
Commitments and contingencies
Shareholders' equity:    
Common shares: no par value, unlimited authorized shares at December 31, 2025 and March 31, 2026: 300,600,710 and 303,945,581 shares issued and outstanding at December 31, 2025 and March 31, 2026, respectively 816,533 802,341
Additional paid-in capital 196,616 198,279
Accumulated other comprehensive loss (2,419) (4,234)
Accumulated deficit (72,647) (29,482)
Total shareholders' equity 938,083 966,904
Total liabilities and shareholders' equity $ 1,307,112 $ 1,356,950