v3.26.1
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 $ (63,955) $ (48,148)
Adjustments to reconcile net loss to cash used in operating activities:    
Share-based compensation expense 8,530 5,220
Depreciation and amortization 50,121 43,598
Impairment of intangible assets 0 1,410
Impairment of assets previously classified as held for sale 0 2,029
Change in valuation allowance 15,358 (2,230)
Change in fair value of derivative liabilities (14,462) (26,277)
Gain on sale of property and equipment 0 (5,675)
Amortization of debt issuance costs, premium and discount 3,745 7,923
Reduction in the carrying amount of right-of-use assets 4,747 3,259
Warrant liability fair value adjustment (7,577) (1,347)
Deferred income taxes (234) (6,994)
Other (89) 2,349
Changes in operating assets and liabilities:    
Accounts receivable trade (14,164) (34,584)
Government grants receivable, net (59,014) (43,970)
Inventory (112,730) (51,673)
Other assets (1,296) 0
Advances to suppliers and other current assets (31,236) 29,904
Accounts payable, accrued liabilities and other 25,610 75,035
Deferred revenue 93,667 38,788
Net cash used in operating activities (102,979) (11,383)
Cash flows from investing activities:    
Issuance of notes receivable (8,594) 0
Proceeds from the return of property and equipment deposits 0 1,202
Purchases of property and equipment (161,821) (51,943)
Proceeds from the sale of property and equipment 0 50,000
Net cash used in investing activities (170,415) (741)
Cash flows from financing activities:    
Repayment of Senior Secured Credit Facility (18,764) (14,874)
Proceeds from issuance of Convertible Notes, net of underwriting fees 175,720 0
Exercise of Penny Warrants 70 0
Payment of debt issuance costs (912) (3,760)
Exercise of stock options 6,833 0
Cash paid for equity repurchases for equity-based compensation tax withholding (3,818) 0
Net cash (used in) provided by financing activities 159,129 (18,634)
Effect of changes in foreign exchange rates on cash, cash equivalents, and restricted cash (72) 777
Net decrease in cash, cash equivalents, and restricted cash (114,337) (29,981)
Cash, cash equivalents, and restricted cash at beginning of period 270,773 76,645
Cash, cash equivalents, and restricted cash at end of period 156,436 46,664
Reconciliation to condensed consolidated balance sheets:    
Cash and cash equivalents 79,109 8,451
Restricted cash 77,327 38,213
Cash, cash equivalents, and restricted cash $ 156,436 $ 46,664