v3.26.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Revenue:        
Fleet revenue $ 10,443 $ 13,228 $ 19,172 $ 13,228
Interest income 3,983 3,028 7,577 6,314
Other revenue 2,255 1,501 4,054 2,804
Total revenue 16,681 17,757 30,803 22,346
Operating expenses:        
Cost of fleet revenue, net (exclusive of depreciation) 8,892 3,470 16,523 4,785
Depreciation of rental vehicles 2,222 743 3,741 1,282
Service fee expense 1,435 1,125 2,636 2,250
Management fee expense - related party 2,216 1,683 4,442 1,683
Depreciation of property and equipment 45 28 111 28
General and administrative 2,888 3,147 5,715 3,264
Professional fees 3,282 4,005 5,412 6,388
Total operating expenses 20,980 14,201 38,580 19,680
(Loss) income from operations (4,299) 3,556 (7,777) 2,666
Other income (expense):        
Losses on loans held for investment, net (876) (1,805) (1,250) (4,667)
WAV grant income 395 154 668 154
Interest expense (925) 0 (1,744) 0
Other income (expense), net 357 41 352 107
Total other expense (1,049) (1,610) (1,974) (4,406)
(Loss) income before income taxes (5,348) 1,946 (9,751) (1,740)
Income tax benefit (expense) 559 (49,283) 3,482 (49,283)
Net loss (4,789) (47,337) (6,269) (51,023)
Net (loss) income attributable to noncontrolling interest (512) 655 (832) 655
Net loss attributable to common stockholders $ (4,277) $ (47,992) $ (5,437) $ (51,678)
Net loss per share - basic $ (0.06) $ (0.65) $ (0.07) $ (0.75)
Net loss per share - diluted $ (0.06) $ (0.65) $ (0.07) $ (0.75)
Weighted-average shares outstanding: - basic 73,914,402 73,071,330 73,914,402 68,040,844
Weighted-average shares outstanding: - diluted 73,914,402 73,071,330 73,914,402 68,040,844