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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 836,231 $ 177,980
Trade accounts receivable, net of allowance for credit losses of $1 and $176 1,927 1,420
Inventories 2,831 1,686
Prepaid expenses and other current assets 7,150 3,954
Total current assets 848,139 185,040
Property and equipment, net 5,608 4,133
Operating lease right-of-use assets 6,716 7,261
Intangible assets, net 803 490
Other non-current assets, net 4,554 2,929
Total assets 865,820 199,853
Current liabilities:    
Trade accounts payable 992 815
Accrued expenses and other current liabilities 9,496 8,784
Current portion of operating lease liabilities 1,491 1,512
Loans payable, net, current 144 348
Deferred revenue, current 3,389 18,686
Total current liabilities 15,512 30,145
Warrant liabilities 140,970 69,875
Operating lease liabilities, net of current portion 6,101 6,389
Loans payable, net, non-current 32,054 30,128
Deferred revenue, non-current 629 670
Total liabilities 195,266 137,207
Commitments and contingencies (Note 9)
Stockholders' equity:    
Common stock, par value $0.0001 per share; 675,000,000 shares authorized at both September 30, 2025 and December 31, 2024; 345,971,195 shares and 266,595,867 shares issued and outstanding as of September 30, 2025 and December 31, 2024, respectively. 34 27
Additional paid-in capital 1,619,322 700,069
Accumulated deficit (939,676) (626,940)
Accumulated other comprehensive loss (9,126) (10,510)
Total stockholders' equity 670,554 62,646
Total liabilities and stockholders’ equity $ 865,820 $ 199,853