XML 19 R6.htm IDEA: XBRL DOCUMENT v3.25.3
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2025
Mar. 31, 2025
Sep. 30, 2024
Mar. 31, 2024
Sep. 30, 2025
Sep. 30, 2024
Dec. 31, 2024
Cash flows from operating activities:              
Net loss $ (130,559) $ (16,239) $ (27,556) $ (28,690) $ (178,707) $ (83,407)  
Adjustments to reconcile net loss to cash used in operating activities:              
Share-based compensation expense         7,103 6,449  
Depreciation and amortization         68,630 7,028  
Impairment of intangible assets 53,208   0   53,208 0 $ 0
Change in fair value of derivative liabilities         4,591 0  
Loss on settlement of warrant liability 5,836   0   5,836 0  
Gain on sale of property and equipment         (5,675) 0  
Accretion of discount on long-term debt         12,322 0  
Reduction in the carrying amount of right-of-use assets         5,025 1,282  
Warrant liability fair value adjustment         (2,868) (1,294)  
Deferred income taxes         (19,399) 0  
Share of net loss of equity method investee         425 484  
Foreign currency transaction net unrealized loss (gain)         257 (1,075)  
Write-down of held for sale assets         3,793 0  
Other         1,674 0  
Changes in assets and liabilities:              
Accounts receivable trade         (78,896) 0  
Government grants receivable         (92,378) 0  
Inventory         22,591 0  
Advances to suppliers and other current assets         (25,107) (13)  
Accounts payable, accrued liabilities and other         194,622 (2,055)  
Deferred revenue         25,214 0  
Net cash (used in) provided by operating activities         52,475 (72,575)  
Cash flows from investing activities:              
Proceeds from the return of property and equipment deposits         1,202 22,735  
Purchases of property and equipment         (60,817) (34,683)  
Proceeds from the sale of property and equipment         50,000 0  
Net cash used in investing activities         (9,615) (11,948)  
Cash flows from financing activities:              
Repayment of debt         (29,794) 0  
Debt fees paid         (3,760) 0  
Payment for non-controlling interest         0 (4,130)  
Net cash used in financing activities         (33,554) (4,130)  
Effect of changes in foreign exchange rates on cash, cash equivalents, and restricted cash         783 (3,036)  
Net increase (decrease) in cash, cash equivalents, and restricted cash         10,089 (91,689)  
Cash, cash equivalents, and restricted cash at beginning of period   $ 76,645   $ 275,742 76,645 275,742 275,742
Cash, cash equivalents, and restricted cash at end of period 86,734   184,053   86,734 184,053 76,645
Reconciliation to condensed consolidated balance sheets:              
Cash and cash equivalents 34,146   181,851   34,146 181,851 72,641
Restricted cash 52,588   2,202   52,588 2,202  
Cash, cash equivalents, and restricted cash $ 86,734   $ 184,053   $ 86,734 $ 184,053 $ 76,645