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v3.25.2

Summary of Significant Accounting Policies (Details) |  |  | 1 Months Ended | 3 Months Ended | 6 Months Ended |  |
--- | --- | --- | --- | --- | --- | --- | ---
Oct. 11, 2024 USD ($) | Apr. 30, 2020 USD ($) | Apr. 30, 2020 | Jun. 30, 2025 USD ($) | Jun. 30, 2024 USD ($) | Jun. 30, 2025 USD ($) | Jun. 30, 2024 USD ($) | Dec. 31, 2024 USD ($) | Dec. 31, 2023 USD ($)
Policies |  |  |  |  |  |  |  |  |
Net Income (Loss) |  |  |  | $ (100,938,000) | $ (37,464,000) | $ (167,874,000) | $ (105,063,000) |  |
Accumulated deficit |  |  |  | 2,735,736,000 |  | 2,735,736,000 |  | $ 2,567,862,000 |
Cash, cash equivalents and restricted cash |  |  |  | 1,000,021,000 | $ 796,798,000 | 1,000,021,000 | $ 796,798,000 | 945,587,000 | $ 642,095,000
Marketable securities |  |  |  | 15,975,000 |  | 15,975,000 |  | 22,689,000 |
Short-term Credit Line, outstanding balance |  |  |  | 80,338,000 |  | 80,338,000 |  | $ 80,362,000 |
Collateral amount |  |  |  | 150,000,000 |  | 150,000,000 |  |  |
Remaining borrowing capacity |  |  |  | 20,000,000 |  | 20,000,000 |  |  |
Convertible Notes |  |  |  |  |  |  |  |  |
Policies |  |  |  |  |  |  |  |  |
Per annum interest rate (as a percent) | 2.25% |  | 2.25% |  |  |  |  |  |
Percentage of principal amount converted | 100.00% |  |  |  |  |  |  |  |
Convertible Notes Payable | $ 287,400,000 |  |  |  |  |  |  |  |
Convertible to shares of common stock | 7,500,000 | 7,411,704 |  |  |  |  |  |  |
Proceeds from notes payable | $ 100,000 |  |  |  |  |  |  |  |
Line Of Credit-UBS |  |  |  |  |  |  |  |  |
Policies |  |  |  |  |  |  |  |  |
Short-term Credit Line, outstanding balance |  |  |  | 80,300,000 |  | 80,300,000 |  |  |
Collateral amount |  |  |  | 150,000,000 |  | 150,000,000 |  |  |
Remaining borrowing capacity |  |  |  | $ 20,000,000 |  | $ 20,000,000 |  |  |

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