v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 27, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 171,369 $ 203,890
Restricted cash, current 5,516 4,350
Accounts receivable, net 25,725 26,060
Inventory 63,127 84,032
Prepaid expenses and other current assets 21,168 13,758
Assets held for sale 8,744 9,394
Total current assets 295,649 341,484
Restricted cash, non-current 9,250 9,291
Property, plant, and equipment, net 201,672 213,262
Operating lease right-of-use assets 4,613 5,661
Prepaid lease costs, non-current 42,503 40,931
Other non-current assets, net 4,675 2,595
Investment in unconsolidated joint venture 1,491 1,523
Total assets 559,853 614,747
Current liabilities:    
Accounts payable 25,015 20,525
2027 Notes 29,459 0
Current portion of operating lease liabilities 2,162 2,132
Accrued expenses and other current liabilities 12,709 8,975
Accrued litigation expenses 38,900 38,900
Short-term finance lease liabilities 3,998 4,385
Total current liabilities 112,243 74,917
Long-term liabilities:    
Delayed draw term loans, net 85,632 77,877
Delayed draw term loan warrants at fair value 3,843 5,066
Operating lease liabilities, net of current portion 3,058 4,059
Finance lease liabilities 74,799 76,590
2030 Notes Embedded Derivative liability at fair value 14,596 39,152
Other long-term liabilities 220 220
Total long-term liabilities 390,853 540,827
Commitments and contingencies (Note 12)
Stockholders’ deficit:    
Preferred stock, par value $0.0001 per share — 500,000 shares authorized, none issued and outstanding 0 0
Common stock, par value $0.0001 per share — 3,000,000,000 shares authorized; 515,793,219 shares and 453,688,312 shares issued and outstanding at June 27, 2026 and December 31, 2025, respectively 52 45
Additional paid-in-capital 1,096,070 1,029,308
Accumulated deficit (1,034,585) (1,022,507)
Accumulated other comprehensive loss (4,780) (7,843)
Total stockholders’ equity (deficit) 56,757 (997)
Total liabilities and stockholders' equity (deficit) 559,853 614,747
2027 Notes    
Long-term liabilities:    
Notes, net 0 29,459
2030 Notes, net    
Long-term liabilities:    
Notes, net $ 208,705 $ 308,404