v3.26.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Revenues $ 31,520 $ 1,156 $ 46,255 $ 1,874
Operating expenses:        
Engineering services costs 87,286 28,598 171,384 55,802
General and administrative costs 63,901 27,242 107,558 45,626
Research and development costs 7,768 6,393 14,896 13,528
Depreciation and amortization 20,664 11,720 38,279 22,678
Loss on involuntary conversion 125,911 0 125,911 0
Total operating expenses 329,097 73,953 493,244 137,634
Other (expense) income:        
Loss on remeasurement of warrant liabilities 0 (65,032) (1,174) (68,238)
Interest expense (26,077) (5,657) (50,355) (10,393)
Interest income 27,700 8,017 54,698 16,213
Other (expense) income, net (2,852) 308 (103,399) (443)
Total other (expense) income, net (1,229) (62,364) (100,230) (62,861)
Loss before income tax expense (298,806) (135,161) (547,219) (198,621)
Income tax expense (1,113) (742) (2,281) (910)
Net loss before allocation to noncontrolling interest (299,919) (135,903) (549,500) (199,531)
Net loss attributable to noncontrolling interest (69,010) (36,509) (127,579) (54,431)
Net loss attributable to common stockholders $ (230,909) $ (99,394) $ (421,921) $ (145,100)
Weighted-average number of shares        
Weighted-average number of shares outstanding - basic 299,061,662 241,985,507 294,898,761 233,101,209
Weighted-average number of shares outstanding - diluted 299,061,662 241,985,507 294,898,761 233,101,209
Product [Member]        
Revenues $ 24,428 $ 50 $ 37,834 $ 425
Operating expenses:        
Cost of revenues 22,402 0 33,465 0
Service [Member]        
Revenues 7,092 1,106 8,421 1,449
Operating expenses:        
Cost of revenues $ 1,165 $ 0 $ 1,751 $ 0
Common Class A [Member]        
Net loss per share attributable to holders of Class A Common Stock        
Basic $ (0.77) $ (0.41) $ (1.43) $ (0.62)
Diluted $ (0.77) $ (0.41) $ (1.43) $ (0.62)
Weighted-average number of shares        
Weighted-average number of shares outstanding - basic   241,571,070   232,892,845
Weighted-average number of shares outstanding - diluted   241,571,070   232,892,845