v3.26.1
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS' DEFICIT - USD ($)
$ in Thousands
Total
Common Stock
Additional Paid in capital
Accumulated Other Comprehensive Income (Loss)
Accumulated Deficit
Beginning balances (in shares) at Dec. 31, 2024   221,791,205      
Beginning balances at Dec. 31, 2024 $ (1,070,463) $ 23 $ 534,726 $ (43,496) $ (1,561,716)
Increase (decrease) in stockholders' equity [Roll Forward]          
Stock-based compensation 14,111   14,111    
Exercise of warrants (in shares)   4,893,102      
Exercise of warrants 28,232   28,232    
Exercise of stock options (in shares)   198,398      
Exercise of stock options 319   319    
Release of restricted stock units (in shares)   8,113,754      
Cancellation of shares used to settle payroll tax withholding (in shares)   (82,438)      
Cancellation of shares used to settle payroll tax withholding (488)   (488)    
Issuance of common stock (in shares)   21,562,500      
Issuance of common stock 80,714 $ 2 80,712    
Remeasurement of Preferred Stock - related party 58,612   58,612    
Foreign currency translation adjustment 21     21  
Change in fair value of debt - credit risk - related party (6,224)     (6,224)  
Down round deemed dividend     4,456   (4,456)
Net income (loss) (207,801)       (207,801)
Ending balances (in shares) at Jun. 30, 2025   256,476,521      
Ending balances at Jun. 30, 2025 (1,102,967) $ 25 720,680 (49,699) (1,773,973)
Beginning balances (in shares) at Mar. 31, 2025   227,049,683      
Beginning balances at Mar. 31, 2025 (942,183) $ 23 647,863 (43,489) (1,546,580)
Increase (decrease) in stockholders' equity [Roll Forward]          
Stock-based compensation 6,664   6,664    
Exercise of warrants (in shares)   500,000      
Exercise of warrants 2,370   2,370    
Release of restricted stock units (in shares)   7,364,338      
Cancellation of shares used to settle payroll tax withholding 0        
Issuance of common stock (in shares)   21,562,500      
Issuance of common stock 80,714 $ 2 80,712    
Remeasurement of Preferred Stock - related party (21,385)   (21,385)    
Foreign currency translation adjustment 14     14  
Change in fair value of debt - credit risk - related party (6,224)     (6,224)  
Down round deemed dividend     4,456   (4,456)
Net income (loss) (222,937)       (222,937)
Ending balances (in shares) at Jun. 30, 2025   256,476,521      
Ending balances at Jun. 30, 2025 $ (1,102,967) $ 25 720,680 (49,699) (1,773,973)
Beginning balances (in shares) at Dec. 31, 2025 337,132,374 337,132,374      
Beginning balances at Dec. 31, 2025 $ (2,238,862) $ 32 427,722 (130,797) (2,535,819)
Increase (decrease) in stockholders' equity [Roll Forward]          
Stock-based compensation 12,131   12,131    
Exercise of warrants (in shares)   2,050,000      
Exercise of warrants 35,031   35,031    
Exercise of stock options (in shares)   213,761      
Exercise of stock options 74   74    
Release of restricted stock units (in shares)   1,329,691      
Cancellation of shares used to settle payroll tax withholding (in shares)   (133,825)      
Cancellation of shares used to settle payroll tax withholding (813)   (813)    
Remeasurement of Preferred Stock - related party 648,320   648,320    
Foreign currency translation adjustment (13)     (13)  
Change in fair value of debt - credit risk - related party (4,090)     (4,090)  
Reclassification of November 2025 Convertible Note embedded derivative 133,231   133,231    
Warrants issuable 151,034   151,034    
Net income (loss) $ 233,173       233,173
Ending balances (in shares) at Jun. 30, 2026 340,592,001 340,592,001      
Ending balances at Jun. 30, 2026 $ (1,030,784) $ 32 1,406,730 (134,900) (2,302,646)
Beginning balances (in shares) at Mar. 31, 2026   339,459,021      
Beginning balances at Mar. 31, 2026 (868,438) $ 32 1,247,734 (89,268) (2,026,936)
Increase (decrease) in stockholders' equity [Roll Forward]          
Stock-based compensation 6,031   6,031    
Exercise of stock options (in shares)   213,441      
Exercise of stock options 71   71    
Release of restricted stock units (in shares)   1,053,364      
Cancellation of shares used to settle payroll tax withholding (in shares)   (133,825)      
Cancellation of shares used to settle payroll tax withholding (813)   (813)    
Remeasurement of Preferred Stock - related party (130,558)   (130,558)    
Foreign currency translation adjustment (3)     (3)  
Change in fair value of debt - credit risk - related party (45,629)     (45,629)  
Reclassification of November 2025 Convertible Note embedded derivative 133,231   133,231    
Warrants issuable 151,034   151,034    
Net income (loss) $ (275,710)       (275,710)
Ending balances (in shares) at Jun. 30, 2026 340,592,001 340,592,001      
Ending balances at Jun. 30, 2026 $ (1,030,784) $ 32 $ 1,406,730 $ (134,900) $ (2,302,646)