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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 27, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 117,296 $ 131,913
Restricted cash, current 1,170 1,041
Accounts receivable, net 27,920 26,862
Inventory 110,294 113,444
Prepaid expenses and other current assets 31,048 11,332
Assets held for sale 910 1,864
Total current assets 288,638 286,456
Restricted cash, non-current 12,600 12,600
Property, plant and equipment, net 254,387 184,887
Operating lease right-of-use assets 5,218 123,975
Prepaid lease costs, non-current 35,704 68,005
Other non-current assets, net 1,599 622
Investment in unconsolidated joint venture 1,523 1,601
Total assets 599,669 678,146
Current liabilities:    
Accounts payable 46,091 37,571
Current portion of operating lease liabilities 1,753 4,125
Accrued expenses and other current liabilities 11,244 11,656
Accrued litigation settlement 0 7,250
Short-term finance lease liabilities 4,554 851
Total current liabilities 63,642 61,453
Long-term liabilities:    
2027 notes, net 1,144,427 1,141,476
Delayed draw term loans, net 77,734 0
Delayed draw term loan warrants 14,825 0
Operating lease liabilities, net of current portion 4,023 73,613
Finance lease obligations and other long-term liabilities 79,083 2,812
Total long-term liabilities 1,320,092 1,217,901
Commitments and contingencies (Note 10)
Stockholders’ deficit:    
Preferred stock, par value $0.0001 per share—500,000 shares authorized, none issued and outstanding 0 0
Common stock, par value $0.0001 per share—500,000,000 shares authorized; 76,751,920 shares and 76,065,969 shares issued and outstanding at September 27, 2025 and December 31, 2024, respectively 8 8
Additional paid-in capital 657,549 644,004
Accumulated deficit (1,434,377) (1,241,531)
Accumulated other comprehensive loss (7,245) (3,689)
Total stockholders’ deficit (784,065) (601,208)
Total liabilities and stockholders’ deficit $ 599,669 $ 678,146