Revenue Recognition (Tables)

6 Months Ended

Jun. 30, 2026

Revenue from Contract with Customer [Abstract]

Disaggregated revenues by major source for the three and six months ended June 30, 2026 and 2025 consisted of the following (in thousands):


	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
Product and service revenue
Stepvans & vehicle incentives(1)	$	581	$	17,087	$	2,201	$	20,671
Powertrains & hubs(1)		3,468		930		12,584		2,522
Other product revenue(2)		525		152		817		619
Total product revenue		4,574		18,169		15,602		23,812
Ancillary revenue		166		224		363		460
Total revenues	$	4,740	$	18,393	$	15,965	$	24,272

(1)

Amounts are net of returns and allowances. Stepvans & vehicle incentives and powertrains & hubs include revenue generated from operating and sales-type leases.

(2)

Other product revenue for both the three and six months ended June 30, 2026 includes revenue related to non-recurring powertrain engineering services of $0.1 million and revenue related to software services of $0.1 million. The remaining performance obligations for non-recurring engineering services total $8,000 as of June 30, 2026 and are expected to be satisfied in 2026. The remaining performance obligations for software services total $0.5 million as of June 30, 2026 and $0.2 million are expected to be satisfied in 2026 with the remaining $0.3 million expected to be satisfied in 2027 and beyond.