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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Current Assets    
Cash and cash equivalents $ 29,541 $ 128,796
Short-term investments 170,091 133,748
Accounts receivable 4,783 950
Inventories 5,154 212
Prepaid expenses and other assets 6,707 13,198
Total current assets 216,276 276,904
Property and equipment, net 28,866 38,165
Goodwill 13,272 0
Intangible assets, net 2,809 1,217
Right-of-use assets, net 7,638 9,927
Deferred tax assets 1,521 1,335
Other assets, non-current 2,264 2,237
Total assets 272,646 329,785
Current Liabilities    
Accounts payable 5,694 1,901
Operating lease liabilities 2,298 2,585
Deferred consideration, current 1,093  
Accrued expenses and other liabilities 15,071 18,329
Total current liabilities 24,156 22,815
Sponsor Earn-Out liabilities 7,795 9,472
Operating lease liabilities, non-current 5,813 7,977
Unearned government grant 9,042 8,606
Deferred consideration, non-current 7,677  
Other liabilities, non-current 3,408 2,605
Total liabilities 57,891 51,475
Stockholders' Equity    
Common stock: Class A shares, $0.0001 par value, 2,100,000,000 shares authorized; 321,551,078 and 317,676,034 shares issued and outstanding as of December 31, 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 December 31, 2025 and December 31, 2024 37 36
Additional paid-in capital 588,355 579,378
Accumulated deficit (371,911) (298,871)
Accumulated other comprehensive loss (1,726) (2,233)
Total stockholders' equity 214,755 278,310
Total liabilities and stockholders' equity $ 272,646 $ 329,785