v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 112,809 $ 94,430
Restricted cash 9,118 7,407
Accounts receivable, net of allowance of $18 and $52, respectively 9,519 8,548
Inventories 1,819 2,090
Prepaid expenses and other current assets 6,321 2,699
Total current assets 139,586 115,174
Property and equipment, net 33,666 24,650
Operating lease right-of-use assets 6,482 7,048
Investment in equity securities 14,952 0
Other non-current assets 1,562 4,431
Total assets 196,248 151,303
Current liabilities    
Accounts payable 4,433 2,432
Warrant liabilities 33,537 5,818
Earnout liabilities 3,663 554
Operating lease liabilities 1,266 1,174
Contract liabilities 14,598 10,609
Accrued expenses and other liabilities 2,257 1,918
Total current liabilities 59,754 22,505
Secured Convertible Notes at fair value 89,730 56,110
Operating lease liabilities 5,490 6,099
Contract liabilities 3,500 4,000
Other non-current liabilities 3,892 2,063
Total liabilities 162,366 90,777
Commitments and contingencies (Note 16)
Stockholders' equity    
Preferred stock, $0.0001 par value, 5,000,000 shares authorized, 0 shares issued and outstanding as of June 30, 2026 and December 31, 2025 0 0
Treasury stock, at cost, $567,823 shares as of June 30, 2026 and December 31, 2025 (8,603) (8,603)
Additional paid-in capital 585,991 473,486
Accumulated other comprehensive (loss) income (267) 531
Accumulated deficit (543,239) (404,888)
Total stockholders’ equity 33,882 60,526
Total liabilities and stockholders' equity 196,248 151,303
Class A ordinary shares    
Stockholders' equity    
Common stock 0 0
Class B ordinary shares    
Stockholders' equity    
Common stock $ 0 $ 0