v3.26.3
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS (Parenthetical) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Total revenues $ 268,099 $ 218,326
Cost of revenues 241,807 200,460
Research and development (credit) expenses (including related parties amounts of US$(39,744) and US$49,415 for the six months ended June 30, 2026 and 2025, respectively) (1,565) 92,305
Selling and marketing expenses (including related parties amounts of US$20,125, US$52,636 and US$40,531 for the years ended December 31, 2025, 2024 and 2023, respectively) 82,932 78,995
General and administrative expenses (including related parties amounts of US$4,227, US$10,873 and US$13,085 for the years ended December 31, 2025, 2024 and 2023, respectively) 46,176 63,356
Foreign currency translation adjustment, income taxes 0 0
Interest expenses (including related parties amounts of US$39,109, US$19,504 and nil for the years ended December 31, 2025, 2024 and 2023, respectively) 34,300 33,641
Interest income (including related parties amounts of US$11,765 and US$9,317 for the six months ended June 30, 2026 and 2025, respectively) 15,202 13,157
Net of income taxes 0 0
Goods    
Total revenues 263,256 197,485
Cost of revenues 238,119 184,885
Service    
Total revenues 4,843 20,841
Cost of revenues 3,688 15,575
Related party    
Research and development (credit) expenses (including related parties amounts of US$(39,744) and US$49,415 for the six months ended June 30, 2026 and 2025, respectively) (39,744) 49,415
Selling and marketing expenses (including related parties amounts of US$20,125, US$52,636 and US$40,531 for the years ended December 31, 2025, 2024 and 2023, respectively) 8,099 14,059
General and administrative expenses (including related parties amounts of US$4,227, US$10,873 and US$13,085 for the years ended December 31, 2025, 2024 and 2023, respectively) 999 2,343
Interest expenses (including related parties amounts of US$39,109, US$19,504 and nil for the years ended December 31, 2025, 2024 and 2023, respectively) 23,183 13,799
Interest income (including related parties amounts of US$11,765 and US$9,317 for the six months ended June 30, 2026 and 2025, respectively) 11,765 9,317
Related party | Goods    
Total revenues 11,767 2,762
Cost of revenues 198,294 158,085
Related party | Service    
Total revenues $ 231 $ 16,685