v3.26.1
Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Revenue        
Total revenue $ 82,648 $ 98,030 $ 192,179 $ 173,317
Cost of sales        
Charging network 39,247 32,545 74,846 62,154
Other 17,217 37,235 61,615 57,635
Depreciation, net of capital-build amortization 18,842 14,342 35,418 30,297
Total cost of sales 75,306 84,122 171,879 150,086
Gross profit 7,342 13,908 20,300 23,231
Operating expenses        
General and administrative 44,358 40,596 90,363 79,224
Depreciation, amortization and accretion 3,132 4,124 6,430 8,219
Total operating expenses 47,490 44,720 96,793 87,443
Operating loss (40,148) (30,812) (76,493) (64,212)
Other (expense) income, net        
Interest expense (8,153) (909) (11,123) (1,426)
Interest income 1,433 1,718 2,813 3,412
Other income, net 8 5 18 0
Change in fair value of earnout liability 0 (180) 22 568
Change in fair value of warrant liabilities 268 360 1,202 5,704
Total other (expense) income, net (6,444) 994 (7,068) 8,258
Loss before income tax expense (46,592) (29,818) (83,561) (55,954)
Income tax benefit (expense) 250 (3) 238 (94)
Net loss (46,342) (29,821) (83,323) (56,048)
Less: net loss attributable to redeemable noncontrolling interest (25,569) (16,823) (46,129) (31,688)
Net loss attributable to Class A common stockholders $ (20,773) [1] $ (12,998) [2] $ (37,194) $ (24,360)
Net loss per share attributable to Class A common stockholders, basic (in dollars per share) $ (0.15) $ (0.10) $ (0.27) $ (0.18)
Net loss per share attributable to Class A common stockholders, diluted (in dollars per share) $ (0.15) $ (0.10) $ (0.27) $ (0.18)
Total charging network        
Revenue        
Total revenue $ 61,421 $ 51,828 $ 117,138 $ 98,926
Total non-charging network        
Revenue        
Total revenue 21,227 46,202 75,041 74,391
eXtend        
Revenue        
Total revenue 18,017 37,385 51,204 60,873
AV and ancillary        
Revenue        
Total revenue $ 3,210 $ 8,817 $ 23,837 $ 13,518
[1] Excludes $25.6 million and $46 thousand of net loss and other comprehensive loss, respectively, attributable to redeemable noncontrolling interest.
[2] Excludes $16.8 million of net loss attributable to redeemable noncontrolling interest