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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 995,162 $ 123,431
Restricted cash, current 829 424
Accounts receivable, net 5,127 1,004
Advanced payments, current 14,259 52,404
Other current assets 7,425 3,454
Total current assets 1,022,802 180,717
Advanced payments, less current portion 45,365 41,770
Property and equipment, net 142,555 135,575
Restricted cash, less current portion 0 13,703
Right-of-use assets - operating leases 9,944 14,604
Right-of-use assets - finance leases 4,143 3,708
Goodwill 17,097 17,097
Other noncurrent assets 14,286 158
Total assets 1,256,192 407,332
Current liabilities:    
Accounts payable 30,428 37,633
Accounts payable - related parties 790 86
Accrued expenses 20,171 14,419
Operating lease liability, current 395 1,128
Finance lease liability, current 1,047 856
Deferred revenue, current 95,202 108,069
Notes payable, current 6,985 6,349
Other current liabilities 9,913 10,837
Total current liabilities 164,931 179,377
Operating lease liability, less current portion 10,553 16,466
Finance lease liability, less current portion 2,266 1,996
Deferred revenue, less current portion 74,516 45,904
Notes payable, less current portion 23,228 124,079
Notes payable, less current portion - related parties 0 17,524
Warrant liability 5,267 4,070
Other liabilities, less current portion 26,610 25,956
Total liabilities 307,371 415,372
Commitments and contingencies (See Note 10)
Temporary equity    
Redeemable convertible preferred stock, $0.0001 par value; 100,000 and 51,033 shares authorized as of September 30, 2025 and December 31, 2024, respectively; 0 and 41,588 shares issued and outstanding as of September 30, 2025 and December 31, 2024, respectively; $0 and $1,227,158 liquidation preference as of September 30, 2025 and December 31, 2024, respectively 0 759,582
Stockholders' deficit    
Common stock, $0.0001 par value, 1,000,000 and 154,397 shares authorized as of September 30, 2025 and December 31, 2024, respectively; 148,138 and 13,241 shares issued and outstanding as of September 30, 2025 and December 31, 2024, respectively 16 1
Additional paid-in capital 1,928,027 0
Accumulated deficit (979,222) (767,623)
Total stockholders' equity (deficit) 948,821 (767,622)
Total liabilities, temporary equity, and stockholders' equity (deficit) $ 1,256,192 $ 407,332