v3.26.3
Condensed Consolidated Balance Sheets (Parenthetical) - USD ($)
$ in Thousands
Sep. 30, 2026
May 27, 2026
Dec. 31, 2025
Allowance for doubtful accounts $ 2,998   $ 460
Common stock, par value (in dollars per share) $ 0.0001   $ 0.0001
Common stock, authorized (in shares) 600,000,000   600,000,000
Common stock, issued (in shares) 295,537,217   280,045,459
Common stock, outstanding (in shares) 295,537,217   280,045,459
Accounts receivable, current [1],[2] $ 634,743   $ 371,796
Contract assets, current [3] 792,833   178,928
Prepaid expenses and other current assets [1],[4] 178,244   49,805
Contract assets, non-current [5] 65,813   62,258
Other long-term assets [1],[6] 372,115   57,203
Accrued warranty, current [7] 70,267   20,013
Operating lease liabilities, current [1],[8] 479,782   222,254
Deferred revenue and customer deposits, current [9] 278,985   100,975
Deferred cost of revenue, current [10] 95,743   $ 30,651
Class B common stock      
Common stock, authorized (in shares)   470,092,742  
Common stock, issued (in shares)     0
Common stock, outstanding (in shares)     0
Related Party      
Accounts receivable, current 195,531   $ 151,932
Contract assets, current 73,685   2,967
Prepaid expenses and other current assets 0   1,247
Contract assets, non-current 51,749   48,763
Other long-term assets 0   5,968
Accrued warranty, current 5,002   799
Operating lease liabilities, current 2,069   39
Deferred revenue and customer deposits, current 8,096   6,879
Deferred cost of revenue, current $ 20,494   $ 0
[1] We have a variable interest entity related to a joint venture in the Republic of Korea (see Note 11—Related Party Transactions in this Quarterly Report on Form 10-Q), which represents a portion of the consolidated balances recorded within these financial statement line items.
[2] Including amounts from related parties of $195.5 million and $151.9 million as of September 30, 2026, and December 31, 2025, respectively.
[3] Including amounts from related parties of $73.7 million and $3.0 million as of September 30, 2026, and December 31, 2025, respectively.
[4] There was no related party balance as of September 30, 2026. Including amount from related parties of $1.2 million as of December 31, 2025.
[5] Including amounts from related parties of $51.7 million and $48.8 million as of September 30, 2026, and December 31, 2025, respectively.
[6] There was no related party balance as of September 30, 2026. Including amount from related parties of $6.0 million as of December 31, 2025.
[7] Including amounts from related parties of $5.0 million and $0.8 million as of September 30, 2026, and December 31, 2025, respectively.
[8] Including amounts from related parties of $2.1 million and $0.04 million as of September 30, 2026, and December 31, 2025, respectively.
[9] Including amounts from related parties of $8.1 million and $6.9 million as of September 30, 2026, and December 31, 2025, respectively.
[10] Including amount from related parties of $20.5 million as of September 30, 2026. There was no related party balance as of December 31, 2025.