v3.26.1
Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities:    
Net loss $ (48,395) $ (46,464)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 5,007 4,589
Loss on sale of fixed assets 1,089 818
Non-cash operating lease expense 2,331 2,765
Gain on extinguishment of debt 0 (39)
Stock-based compensation expense 4,131 5,689
Changes in fair value of financial instruments carried at fair value, net 10,407 2,357
Non-cash transaction costs for issuance of HT Shares 1,608 0
Amortization of debt discounts and debt issuance costs 221 1,210
Deferred income taxes (92) (117)
Changes in operating assets and liabilities:    
Accounts receivable, net (848) (1,051)
Prepaid expenses and other current assets 1,113 (2,325)
Other assets 174 319
Accounts payable 3,711 2,745
Due to related parties 1,076 0
Accrued expenses and other current liabilities (5,213) 5,455
Deferred revenue 12,239 460
Operating lease liabilities (1,966) (2,849)
Other liabilities 0 (9)
Cash flows used in operating activities (13,407) (26,447)
Cash flows from investing activities:    
Purchase of property and equipment (9,645) (2,483)
Proceeds from the sale of assets 1,175 2,681
Internal-use software development costs (2,798) (1,222)
Net cash used in investing activities (11,268) (1,024)
Cash flows from financing activities:    
Payments of borrowings on convertible notes (23,000) 0
Proceeds from borrowings on long-term debt 7,000 1,833
Principal payments on long-term debt (1,306) (1,318)
Principal payments on Mandatory Convertible Security 0 (9,503)
Proceeds from issuance of common stock in direct offerings, net of transaction expenses 14,303 31,386
Proceeds from sales and advances under Share Purchase Agreement 25,000 10,744
Proceeds from (payments on) collateralized borrowings, net of repayment 149 340
Proceeds from borrowings from related parties 2,000 0
Payments under HT Side-Letter Agreement (2,363) 0
Payments of debt issuance costs (1,253) 0
Payment of finance lease obligations (134) (137)
Net cash provided by financing activities 20,396 33,345
Decrease (increase) in cash, cash equivalents and restricted cash (4,279) 5,874
Cash, cash equivalents and restricted cash at beginning of period 22,763 21,675
Cash, cash equivalents and restricted cash at end of period $ 18,484 $ 27,549