v3.26.1
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
Income Statement [Abstract]        
Revenue $ 49,849 $ 78,024 $ 87,733 $ 156,747
Cost of revenue 46,585 52,708 80,193 108,619
Gross profit 3,264 25,316 7,540 48,128
Operating expenses:        
Research and development 3,195 3,794 5,919 8,127
Sales and marketing 6,959 6,948 13,627 15,332
General and administrative 12,984 13,836 28,275 26,870
Restructuring and demobilization costs 0 4,938 427 14,728
Impairment of property, plant and equipment   955   287,567
Loss on property damage 8,910   8,910  
Total operating expenses 32,048 30,471 57,158 352,624
Loss from operations (28,784) (5,155) (49,618) (304,496)
Other income (expense)        
Interest expense, net (2,776) (3,080) (5,927) (5,042)
Other income 8,915 0 8,956 1,130
Total other income (expense) 6,139 (3,080) 3,029 (3,912)
Loss before income taxes (22,645) (8,235) (46,589) (308,408)
Income tax expense (619) (821) (366) (1,897)
Net loss $ (23,264) $ (9,056) $ (46,955) $ (310,305)
Net loss per share:        
Basic $ (0.28) $ (0.11) $ (0.57) $ (3.78)
Diluted $ (0.28) $ (0.11) $ (0.57) $ (3.78)
Weighted-average common shares outstanding:        
Basic 82,892,195 82,179,136 82,817,905 82,122,719
Diluted 82,892,195 82,179,136 82,817,905 82,122,719