v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 2,129,485 $ 828,660
Marketable securities, current 172,700 187,917
Accounts receivable, net 112,889 39,001
Contract assets 94,245 61,606
Inventories 266,931 158,407
Prepaids and other current assets 119,509 89,953
Total current assets 2,895,759 1,365,544
Non-current assets:    
Property, plant and equipment, net 393,946 319,473
Intangible assets, net 320,415 224,746
Goodwill 299,072 205,750
Right-of-use assets - operating leases 113,690 90,371
Right-of-use assets - finance leases 12,349 13,895
Marketable securities, non-current 85,405 82,247
Restricted cash 8,413 4,885
Deferred income tax assets, net 1,057 1,895
Other non-current assets 57,268 15,672
Total assets 4,187,374 2,324,478
Current liabilities:    
Trade payables 74,512 72,699
Accrued expenses 44,206 19,299
Employee benefits payable 29,118 25,803
Contract liabilities 351,193 195,438
Other current liabilities 29,167 21,237
Total current liabilities 528,196 334,476
Non-current liabilities:    
Convertible senior notes, net 13,129 152,395
Long-term borrowings, net 1,716 1,716
Non-current operating lease liabilities 104,378 85,191
Non-current finance lease liabilities 14,468 14,653
Deferred income tax liabilities 10,146 1,241
Other non-current liabilities 23,188 12,952
Total liabilities 695,221 602,624
COMMITMENTS AND CONTINGENCIES (Note 15)
Stockholders’ equity:    
Preferred stock, $0.0001 par value; authorized shares: 100,000,000; issued and outstanding shares: 40,951,250 and 45,951,250 at June 30, 2026 and December 31, 2025, respectively 4 5
Common stock, $0.0001 par value; authorized shares: 2,500,000,000; issued shares: 639,131,688 and 589,525,802 at June 30, 2026 and December 31, 2025, respectively; outstanding shares: 598,180,438 and 543,574,552 at June 30, 2026 and December 31, 2025, respectively 60 54
Treasury stock, at cost; shares: 40,951,250 and 45,951,250 at June 30, 2026 and December 31, 2025, respectively 0 0
Additional paid-in capital 4,606,854 2,735,669
Accumulated deficit (1,106,190) (1,011,910)
Accumulated other comprehensive loss (8,575) (1,964)
Total stockholders’ equity 3,492,153 1,721,854
Total liabilities and stockholders’ equity $ 4,187,374 $ 2,324,478
Preferred stock, shares issued (in shares) 40,951,250 45,951,250
Preferred stock, shares outstanding (in shares) 40,951,250 45,951,250
Treasury stock shares (in shares) 40,951,250 45,951,250