v3.26.1
Unaudited Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash $ 18,429 $ 12,672
Accounts receivable, net 4,777 3,929
Prepaid expenses and other current assets 18,130 14,320
Total current assets 41,336 30,921
Restricted cash 55 10,091
Property and equipment, net 52,382 45,595
Intangible assets, net 18,600 20,067
Operating lease right-of-use assets 14,500 12,510
Finance lease right-of-use assets 661 809
Other assets 13,197 11,688
Total assets 140,731 131,681
Current liabilities:    
Accounts payable 22,148 18,437
Accrued expenses and other current liabilities 41,961 47,702
Deferred revenue 30,163 17,924
Current maturities of long-term debt 12,585 2,712
Operating lease liabilities, current 4,271 3,636
Finance lease liabilities, current 281 277
SAFE notes at fair value, current 3 5
Convertible notes at fair value, current 44,651 42,274
Total current liabilities 157,782 133,610
Long-term liabilities:    
Long-term debt, net of current maturities 10,007 14,389
Convertible notes at fair value, long term 1,042 25,183
Operating lease liabilities, long term 10,434 8,714
Finance lease liabilities, long term 532 670
Due to related parties, long term 2,100 100
Other long-term liabilities 1,291 3,872
Total liabilities 183,188 186,538
Commitments and contingencies (Note 10)
Shareholders' deficit:    
Preferred Stock, $0.0001 par value; 50,000,000 shares authorized; 0 shares issued and outstanding at June 30, 2026 and December 31, 2025 0 0
Common stock, $0.0001 par value; 800,000,000 shares authorized as of both June 30, 2026 and December 31, 2025; 119,137,993 shares issued and outstanding as of June 30, 2026 and 73,082,025 shares issued and outstanding as of December 31, 2025 12 7
Additional paid-in capital 793,925 733,135
Accumulated deficit (836,394) (787,999)
Total shareholders' deficit (42,457) (54,857)
Total liabilities and shareholders' deficit 140,731 131,681
Related Party    
Current liabilities:    
Due to related parties, current $ 1,719 $ 643