| Schedule of Revenue, Significant Expenses, and Segment Profit and Loss |
The following table presents revenue, significant expenses, and segment profit and loss (in thousands):
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Three Months Ended
June 30, |
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Six Months Ended
June 30, |
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2026 |
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2025 |
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2026 |
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2025 |
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Revenue |
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$ |
80,050 |
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|
$ |
20,694 |
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|
$ |
144,718 |
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$ |
28,260 |
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Less: |
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Operating costs and expenses excluding stock-based
compensation: |
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Cost of revenue (excluding depreciation
and amortization) |
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44,813 |
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6,512 |
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77,252 |
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|
|
9,764 |
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Research and development |
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97,009 |
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27,125 |
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170,048 |
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|
49,686 |
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Sales and marketing |
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17,015 |
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5,305 |
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31,789 |
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|
9,559 |
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General and administrative |
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70,524 |
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32,560 |
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114,801 |
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|
45,924 |
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Stock-based compensation |
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141,845 |
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99,168 |
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270,362 |
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132,421 |
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Depreciation and amortization |
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46,087 |
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10,616 |
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|
89,216 |
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|
17,177 |
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Other segment items: |
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(Gain) loss on change in fair value of warrant liabilities |
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1,649,115 |
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39,577 |
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591,487 |
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|
1,083 |
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Interest income, net |
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(31,979 |
) |
|
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(7,138 |
) |
|
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(60,213 |
) |
|
|
(12,032 |
) |
Other (income) expense, net |
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(79,712 |
) |
|
|
(232 |
) |
|
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(63,585 |
) |
|
|
(283 |
) |
Income tax (benefit) expense |
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(6,067 |
) |
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(15,269 |
) |
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(12,449 |
) |
|
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(15,257 |
) |
Net income (loss) |
|
$ |
(1,868,600 |
) |
|
$ |
(177,530 |
) |
|
$ |
(1,063,990 |
) |
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$ |
(209,782 |
) |
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