v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 79,109 $ 182,450
Restricted cash 70,207 81,203
Accounts receivable trade, net - related parties 98,645 84,481
Government grants receivable, net 95,390 36,376
Inventory 228,773 116,043
Advances to suppliers 133,231 137,532
Other current assets 38,611 5,989
Current assets of discontinued operations 7,229 19,418
Total current assets 751,195 663,492
Restricted cash 7,120 7,120
Property and equipment, net 430,416 302,302
Goodwill 57,449 57,449
Intangible assets, net 157,781 180,481
Right-of-use asset under operating leases 218,320 151,166
Other assets 19,988 10,098
Total assets 1,642,269 1,372,108
Current liabilities:    
Accrued liabilities and other 86,085 47,224
Deferred revenue 150,398 56,731
Derivative liabilities 1,352 11,661
Current portion of long-term debt 49,593 46,357
Current liabilities of discontinued operations 62,030 47,538
Total current liabilities 577,476 463,588
Long-term deferred revenue 48,189 48,189
Operating lease liability 206,161 143,534
Deferred tax liability 3,524 3,758
Other long-term liabilities 31,291 47,353
Total liabilities 1,366,995 1,050,223
Commitments and contingencies
Equity:    
Common stock, $0.01 par value, 280,604 and 266,267 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively 2,806 2,663
Additional paid-in capital 1,371,216 1,358,992
Accumulated other comprehensive loss (15,216) (18,213)
Accumulated deficit (1,157,027) (1,093,072)
Total equity 201,779 250,370
Total liabilities, redeemable preferred stock and equity 1,642,269 1,372,108
Series B Preferred Stock    
Redeemable preferred stock    
Redeemable preferred stock 18,285 17,805
Series B1 Preferred Stock    
Redeemable preferred stock    
Redeemable preferred stock 55,210 53,710
Nonrelated party    
Current liabilities:    
Accounts payable 102,282 91,323
Accrued liabilities and other 86,085 47,224
Current portion of long-term debt 49,593 46,357
Convertible notes 328,970 152,960
Long-term debt 116,534 137,303
Related party    
Current liabilities:    
Accounts payable and accrued liabilities - related parties 125,736 162,754
Long-term debt $ 54,850 $ 53,538