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v3.26.1

Debt, net - Narrative (Details) - USD ($) $ in Thousands |  |  |  | 3 Months Ended |  |  |
--- | --- | --- | --- | --- | --- | --- | ---
Mar. 30, 2026 | Mar. 26, 2026 | Feb. 10, 2026 | Mar. 31, 2026 | Mar. 31, 2025 | Feb. 28, 2026 | Feb. 19, 2026 | Dec. 31, 2025
Debt, Net - Schedule of Debt [Line Items] |  |  |  |  |  |  |  |
Loss on extinguishment of debt |  |  | $ (24,753) | $ (24,753) | $ 0 |  |  |
Total debt |  |  |  | 439,127 |  |  |  | $ 148,986
MUFG Equipment Financing |  |  |  |  |  |  |  |
Debt, Net - Schedule of Debt [Line Items] |  |  |  |  |  |  |  |
Total debt |  |  |  | 396,567 |  |  |  | 0
Keystone Equipment Financing |  |  |  |  |  |  |  |
Debt, Net - Schedule of Debt [Line Items] |  |  |  |  |  |  |  |
Total debt |  |  |  | 39,540 |  |  |  | 0
Keystone Equipment Financing | Secured Debt |  |  |  |  |  |  |  |
Debt, Net - Schedule of Debt [Line Items] |  |  |  |  |  |  |  |
Total debt |  |  |  | 39,540 |  |  |  |
Accelerate procurement |  |  |  |  |  |  | $ 120,000 |
Increase amount |  |  |  |  |  |  | $ 100,000 |
Equipment funded percentage |  |  |  |  |  |  | 80.00% |
Equipment funded remaining percentage |  |  |  |  |  |  | 20.00% |
Liquidity amount, covenant |  |  |  |  |  | $ 20,000 |  |
Collateral coverage covenant percentage |  |  |  |  |  | 110.00% |  |
Beal Equipment Financing |  |  |  |  |  |  |  |
Debt, Net - Schedule of Debt [Line Items] |  |  |  |  |  |  |  |
Total debt |  |  |  | $ 3,020 |  |  |  | $ 0
Yorkville Promissory Note |  |  |  |  |  |  |  |
Debt, Net - Schedule of Debt [Line Items] |  |  |  |  |  |  |  |
Interest rate | 0.00% |  |  |  |  |  |  |
Accelerate procurement | $ 156,250 |  |  |  |  |  |  |
Interest rate in event of default | 18.00% |  |  |  |  |  |  |
Committed principal, reduction amount | $ 26,042 |  |  |  |  |  |  |
Committed principal, reduction period | 30 days |  |  |  |  |  |  |
Advance funding premium | 4.00% |  |  |  |  |  |  |
Committed equity after issuance date | 30 days |  |  |  |  |  |  |
Monthly installment amount | $ 10,000 |  |  |  |  |  |  |
Per-payment cap (in shares) | 8,000,000 |  |  |  |  |  |  |
Aggregate cap (in shares) | 40,000,000 |  |  |  |  |  |  |
Applicable amortization principal amount percentage | 102.00% |  |  |  |  |  |  |
Equity line of credit proceeds percentage | 100.00% |  |  |  |  |  |  |
Yorkville Promissory Note | Exit Fee, Term One |  |  |  |  |  |  |  |
Debt, Net - Schedule of Debt [Line Items] |  |  |  |  |  |  |  |
Exit fee percentage | 0.00% |  |  |  |  |  |  |
Exit fee period | 180 days |  |  |  |  |  |  |
Yorkville Promissory Note | Exit Fee, Term Two |  |  |  |  |  |  |  |
Debt, Net - Schedule of Debt [Line Items] |  |  |  |  |  |  |  |
Exit fee percentage | 1.00% |  |  |  |  |  |  |
Yorkville Promissory Note | Exit Fee, Term Two | Minimum |  |  |  |  |  |  |  |
Debt, Net - Schedule of Debt [Line Items] |  |  |  |  |  |  |  |
Exit fee period | 181 days |  |  |  |  |  |  |
Yorkville Promissory Note | Exit Fee, Term Two | Maximum |  |  |  |  |  |  |  |
Debt, Net - Schedule of Debt [Line Items] |  |  |  |  |  |  |  |
Exit fee period | 365 days |  |  |  |  |  |  |
Yorkville Promissory Note | Exit Fee, Term Three |  |  |  |  |  |  |  |
Debt, Net - Schedule of Debt [Line Items] |  |  |  |  |  |  |  |
Exit fee percentage | 1.33% |  |  |  |  |  |  |
Exit fee period | 365 days |  |  |  |  |  |  |
Line of Credit | MUFG Equipment Financing |  |  |  |  |  |  |  |
Debt, Net - Schedule of Debt [Line Items] |  |  |  |  |  |  |  |
Aggregate principal amount |  |  | $ 500,000 |  |  |  |  |
Variable interest rate |  |  | 4.00% |  |  |  |  |
Principal payment percentage |  |  | 10.00% |  |  |  |  |
Interest rate |  |  | 5.00% |  |  |  |  |
Line of Credit | Beal Equipment Financing |  |  |  |  |  |  |  |
Debt, Net - Schedule of Debt [Line Items] |  |  |  |  |  |  |  |
Interest rate |  | 12.00% |  |  |  |  |  |
Total debt |  | $ 3,020 |  |  |  |  |  |
Debt instrument, unused borrowing capacity, amount |  | $ 165,000 |  |  |  |  |  |
Interest rate in event of default |  | 14.00% |  |  |  |  |  |
Loan maturity period |  | 33 months |  |  |  |  |  |
Commitment fee amount |  | $ 22,900 |  |  |  |  |  |
Unused capacity percentage |  | 1.00% |  |  |  |  |  |
Exit fee |  | $ 37,000 |  |  |  |  |  |

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