v3.26.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
May 31, 2026
May 31, 2025
Current assets:    
Cash $ 9,664 $ 2,398
Accounts receivable 12,542 3,788
Prepaid expenses and other current assets 2,200 223
Current assets held for sale 19,841 0
Total current assets 44,247 6,409
Property and equipment, net 32,081 10,922
Operating lease right of use assets, net 72,004 91,374
Finance lease right of use assets, net 122,509 195,495
Goodwill 54,513 0
Other assets 520 0
TOTAL ASSETS 325,874 304,200
Current liabilities:    
Accounts payable 9,052 3,962
Accrued liabilities 3,740 572
Current portion of operating lease liability 18,130 16,093
Current portion of finance lease liability 47,571 133,407
Current portion of debt 3,370 0
Current deferred revenue 0 3,594
Current liabilities held for sale 5,028 0
Total current liabilities 86,891 157,628
Long-term portion of operating lease liability 40,289 58,420
Long-term portion of finance lease liability 10,729 0
Long-term debt 474 12,000
Warrants and rights outstanding 5,454 0
Total liabilities 143,837 228,048
Commitments and contingencies (Note 16)
Temporary equity:    
Convertible preferred stock, $0.001 par value; 10,000 shares authorized; 3 issued and outstanding as of May 31, 2026, with a $2,926 redemption value; none outstanding as of May 31, 2025 [1] 2,012 0
Stockholders' equity:    
Common stock, $0.001 par value; 290,000 shares authorized; 145,212 and 138,217 shares issued and outstanding as of May 31, 2026 and May 31, 2025, respectively 145 138
Additional paid in capital 379,342 225,156
Accumulated deficit (199,462) (149,142)
Total stockholders’ equity 180,025 76,152
TOTAL LIABILITIES, TEMPORARY EQUITY AND STOCKHOLDERS' EQUITY $ 325,874 $ 304,200
[1] Refer to Note 13. Temporary Equity for additional information regarding the January 2026 Series B Preferred Stock (as defined below).