v3.26.1
Consolidated Statements of Operations and Comprehensive Loss - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Revenues $ 1,830 $ 1,471 $ 3,797 $ 14,933 $ 16,946
Operating expenses:          
Research and development 17,550 10,134 50,157 43,436 39,469
General and administrative 12,420 5,125 36,741 20,999 20,305
Truck and freight operations 8,305 4,005 24,771 9,013 7,662
Sales and marketing 1,406 806 4,753 3,204 3,359
Total operating expenses 39,681 20,070 116,422 76,652 70,795
Loss from operations (37,851) (18,599) (112,625) (61,719) (53,849)
Other (expenses) income:          
Interest expense (896) (1,264) (4,096) (4,951) (5,407)
Interest income and other, net 1,049 169 (1,327) 895 2,194
Loss on issuance of equity instruments     (210,722) 0 0
Change in fair value of second lien loans (474) 0 (24,387) 0 0
Change in fair value of simple agreements for future equity 0 (108,375) (190,075) (4,109) 0
Total other expenses, net 64,337 (109,585) (472,897) (7,739) (3,087)
Net loss before income taxes 26,486 (128,184) (585,522) (69,458) (56,936)
Income taxes 4 (1) (3) (1) (9)
Net loss 26,490 (128,185) (585,525) (69,459) (56,945)
Unrealized gains (losses) on marketable securities, net of tax (24) 0 22 0 (10)
Comprehensive loss $ 26,466 $ (128,185) $ (585,503) $ (69,459) $ (56,955)
Net loss per common share, basic (in dollars per share) $ 0.12 $ (2.16) $ (6.42) $ (1.19) $ (0.98)
Net loss per common share, diluted (in dollars per share) $ 0.10 $ (2.16) $ (6.42) $ (1.19) $ (0.98)
Weighted-average common shares outstanding, basic (in shares) 176,349 59,256 91,225 58,410 57,932
Weighted-average common shares outstanding, diluted (in shares) 216,167 59,256 91,225 58,410 57,932
Common stock warrants          
Other (expenses) income:          
Change in fair value of warrants $ 64,658 $ 0 $ (35,018) $ 0 $ 0
Redeemable convertible preferred stock warrants          
Other (expenses) income:          
Change in fair value of warrants $ 0 $ (115) $ (7,272) $ 426 $ 126