v3.26.1
Segment Information (Tables)
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Schedule of Segment Reporting
The following presents the significant financial information with respect to the Company’s reportable segment for the three and six months ended June 30, 2026 and 2025 (in thousands):

Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Revenues$206,168 $50,313 $392,898 $112,837 
Less:
Cost of revenues (excluding depreciation and amortization)(1)
170,302 62,156 326,925 118,003 
Depreciation and amortization14,927 752 27,975 1,375 
Research and development7,729 461 13,318 1,372 
General and administrative expense (excluding depreciation and amortization)(2)(3)
60,346 15,584 111,017 30,804 
Operating loss(47,136)(28,640)(86,337)(38,717)
Interest income1,476 3,500 2,907 4,919 
Interest expense(4,483)(72)(9,368)(97)
Change in fair value of earn-out liabilities— — — (33,369)
Change in fair value of warrant liabilities(11,622)(13,033)(21,044)29,969 
Change in fair value of contingent consideration liabilities(890)— (1,411)— 
Other income (expense), net(178)39 (106)65 
Income tax expense(8)— (10)— 
Net loss$(62,841)$(38,206)$(115,369)$(37,231)
(1)    Cost of revenue consists primarily of direct material and labor costs, launch costs, manufacturing overhead, freight expense, and other personnel-related expenses, which include employee compensation and benefits and stock-based compensation.
(2)    General and administrative expense includes sales and marketing expense primarily related to business development expenses such as, employee compensation and benefits, subcontract costs, marketing, and materials and supplies costs. Costs incurred for business development were $5.1 million and $1.0 million, for the three months ended June 30, 2026 and 2025, respectively, and $6.4 million and $1.4 million for the six months ended June 30, 2026 and 2025, respectively.
(3)    Other general and administrative expense primarily includes all other employee compensation and benefits, stock-based compensation, facilities costs, professional services, software licenses, and other administrative costs.