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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Current Assets    
Cash and cash equivalents $ 35,274 $ 128,796
Short-term investments 178,736 133,748
Accounts receivable 3,373 950
Inventories 3,658 212
Prepaid expenses and other assets 9,321 13,198
Total current assets 230,362 276,904
Property and equipment, net 30,952 38,165
Goodwill 12,617  
Intangible assets, net 2,874 1,217
Right-of-use assets, net 8,250 9,927
Deferred tax assets 1,371 1,335
Other assets, non-current 2,341 2,237
Total assets 288,767 329,785
Current Liabilities    
Accounts payable 4,780 1,901
Operating lease liabilities 2,262 2,585
Deferred consideration, current (Note 3) 4,361  
Accrued expenses and other current liabilities 16,603 18,329
Total current liabilities 28,006 22,815
Sponsor Earn-Out liabilities 6,949 9,472
Operating lease liabilities, non-current 6,194 7,977
Unearned government grant 9,251 8,606
Deferred consideration, non-current (Note 3) 7,337  
Other liabilities, non-current 2,829 2,605
Total liabilities 60,566 51,475
Commitments and contingencies (Note 11)
Stockholders' Equity    
Common stock: Class A shares, $0.0001 par value, 2,100,000,000 shares authorized; 321,127,160 and 317,676,034 shares issued and outstanding as of September 30, 2025 and December 31, 2024, respectively; Class B shares, $0.0001 par value, 200,000,000 shares authorized; 43,881,251 shares issued and outstanding as of September 30, 2025 and December 31, 2024, respectively 36 36
Additional paid-in capital 586,200 579,378
Accumulated deficit (354,874) (298,871)
Accumulated other comprehensive loss (3,161) (2,233)
Total stockholders' equity 228,201 278,310
Total liabilities and stockholders' equity $ 288,767 $ 329,785