| Schedule of Revenue By Geographic Area Based On Sales Location |
The disaggregation of the Company’s revenue by geographic area based on the sales location where the sales originated was as follows (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | 2026 | | 2025 | | 2026 | | 2025 | North America(1) | $ | 293,218 | | | $ | 218,369 | | | $ | 526,013 | | | $ | 441,267 | | Middle East(2) | 98,232 | | | 36,643 | | | 140,481 | | | 44,457 | | Other international | 13,897 | | | 4,420 | | | 21,318 | | | 8,756 | | Total revenue | $ | 405,347 | | | $ | 259,432 | | | $ | 687,812 | | | $ | 494,480 | |
(1) U.S. revenue was $284.4 million and $509.7 million for the three and six months ended June 30, 2026, respectively, and $212.7 million and $431.1 million for the same periods in the prior year, respectively. (2) Kingdom of Saudi Arabia revenue was $98.2 million and $140.2 million for the three and six months ended June 30, 2026, respectively, and $35.9 million and $43.4 million for the same periods in the prior year, respectively.
|
| Schedule of Segment Revenue, Segment Profit or Loss, and Significant Segment Expenses |
The following table included information about reported segment revenue, segment profit or loss, and significant segment expenses (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | 2026 | | 2025 | | 2026 | | 2025 | Revenue | $ | 405,347 | | | $ | 259,432 | | | $ | 687,812 | | | $ | 494,480 | | Less: | | | | | | | | Cost of revenue - excluding LCNRV and provision for warranty | (514,194) | | | (332,144) | | | (851,400) | | | (631,756) | | | Cost of revenue - LCNRV | (299,706) | | | (184,679) | | | (537,559) | | | (336,315) | | Cost of revenue - provision for warranty | (18,172) | | | (14,960) | | | (37,283) | | | (27,272) | | Research and development expenses | (321,336) | | | (273,839) | | | (657,006) | | | (525,085) | | Selling, general, and administrative expenses | (300,432) | | | (256,857) | | | (604,608) | | | (469,032) | | Workforce reduction charges | (33,675) | | | — | | | (71,609) | | | — | | Change in fair value of common stock warrant liability | — | | | 5,322 | | | — | | | 18,183 | | Change in fair value of equity securities | 549 | | | 3,948 | | | (9,672) | | | (9,505) | | | Change in fair value of derivative liabilities and subscription agreements associated with redeemable convertible preferred stock (related party) | 102,790 | | | 111,475 | | | 110,165 | | | 393,175 | | | Gain on extinguishment of debt | — | | | 116,360 | | | — | | | 116,360 | | Interest income | 9,634 | | | 44,318 | | | 22,738 | | | 96,527 | | Interest expense | (47,817) | | | (23,749) | | | (88,890) | | | (35,632) | | | Other income (expense), net | (16,789) | | | 3,572 | | | (24,656) | | | 6,537 | | | Benefit from (provision for) income taxes | (1,050) | | | 2,369 | | | (1,227) | | | 3,732 | | Segment net loss | (1,034,851) | | | (539,432) | | | (2,063,195) | | | (905,603) | | Consolidated net loss | $ | (1,034,851) | | | $ | (539,432) | | | $ | (2,063,195) | | | $ | (905,603) | |
|
| Schedule of Long-Lived Assets by Geographic Areas |
The long-lived assets by geographic area were as follows (in thousands): | | | | | | | | | | | | | June 30,
2026 | | December 31,
2025 | | United States | $ | 3,510,683 | | | $ | 3,487,142 | | Foreign(1) | 961,177 | | | 732,964 | | | Total long-lived assets | $ | 4,471,860 | | | $ | 4,220,106 | |
|