v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 224,076 $ 458,932
Short-term investments 449,509 304,908
Accounts receivable 21,962 32,940
Unbilled Receivables and Contract Assets 51,159 41,529
Prepaid and other current assets 23,493 11,491
Due from related parties $ 4,182 $ 4,580
Other Receivable, after Allowance for Credit Loss, Current, Related Party [Extensible Enumeration] Related Party [Member] Related Party [Member]
Total current assets $ 774,381 $ 854,380
Long-term investments 270,438 261,458
Restricted cash 4,210 3,698
Property and equipment, net 73,381 50,105
Operating lease right-of-use assets 23,468 22,696
Other long-term assets 50,134 18,934
Total assets 1,196,012 1,211,271
Current liabilities    
Accounts payable 10,036 3,363
Accrued liabilities 75,013 51,217
Due to related parties $ 4,299 $ 4,225
Other Liability, Current, Related Party [Extensible Enumeration] Related Party [Member] Related Party [Member]
Total current liabilities $ 89,348 $ 58,805
Long-term deferred revenue 18,045 15,153
Long-term operating lease liabilities 24,789 20,887
Warrant liabilities 17,898 274,166
Total liabilities 150,080 369,011
Mezzanine equity    
Mezzanine equity 2,431,909 2,066,555
Accumulated deficit (1,402,562) (1,236,345)
Accumulated other comprehensive income (loss) 26 (117)
Additional paid-in capital 16,559 12,167
Total members' deficit (1,385,977) (1,224,295)
Total liabilities, mezzanine equity, and member's deficit 1,196,012 1,211,271
Class A Common Units    
Mezzanine equity    
Mezzanine equity 1,800 1,800
Class B Common Units    
Mezzanine equity    
Mezzanine equity 93,541 93,353
Series A Preferred Stock    
Mezzanine equity    
Mezzanine equity 218,408 218,408
Series A-1 Preferred Stock    
Mezzanine equity    
Mezzanine equity 21,477 21,477
Series B Preferred Stock    
Mezzanine equity    
Mezzanine equity 101,382 101,382
Series C Preferred Stock    
Mezzanine equity    
Mezzanine equity 265,797 265,797
Series C-1 Preferred Units    
Mezzanine equity    
Mezzanine equity 1,051,881 686,715
Series D Preferred Stock    
Mezzanine equity    
Mezzanine equity $ 677,623 $ 677,623