v3.26.1
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 499,737 $ 206,140
Restricted cash 9,021 9,895
Accounts receivable, net 314,009 244,404
Inventories, net 278,791 183,105
Prepaid expenses and other current assets 88,316 32,183
Total current assets 1,189,874 675,727
Property, plant and equipment, net 697,086 376,050
Land use rights, net 4,917 4,825
Operating right of use assets 75,168 49,697
Intangible assets, net 3,633 3,623
Deferred income tax assets 6,469 7,616
Other assets, net 324,045 50,885
TOTAL ASSETS 2,301,192 1,168,423
Current liabilities    
Accounts payable 286,088 143,932
Bank acceptance payable 33,940 33,363
Accrued liabilities 46,939 42,491
Current lease liabilities - operating 4,223 3,522
Current portion of long-term debt 57,258 33,975
Total current liabilities 428,448 257,283
Non-current lease liabilities - operating 73,920 47,393
Non-current portion of long-term debt 1,657 0
Convertible senior notes 129,142 129,829
TOTAL LIABILITIES 633,167 434,505
Commitments and contingencies (Note 18)
Stockholders' equity:    
Preferred Stock; 5,000 shares authorized at $0.001 par value; no shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively 0 0
Common Stock; 120,000 shares authorized at $0.001 par value; 84,386 and 74,998 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively 84 75
Additional paid-in capital 2,192,682 1,224,538
Accumulated other comprehensive income (loss) 2,399 (617)
Accumulated deficit (527,140) (490,078)
TOTAL STOCKHOLDERS' EQUITY 1,668,025 733,918
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 2,301,192 $ 1,168,423