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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash Flows from Operating Activities:    
Net loss $ (45,944) $ (27,929)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 6,033 2,602
Stock-based compensation 4,112 1,723
Amortization of operating lease right-of-use assets 1,205 670
Amortization of debt issuance costs and other non-cash interest expense 994 1,291
Deferred taxes 3,163 65
Non-cash services acquired 4,375 10,115
Other (77) (73)
Change in operating assets and liabilities, net of acquisitions:    
Accounts receivable 14,054 7,528
Prepaid expenses and other current assets (2,231) (3,165)
Contract assets (6,010) (1,227)
Inventories (1,895) 284
Other assets 596 (485)
Accounts payable (4,280) (10)
Contract liabilities (7,415) (5,258)
Accrued expenses (5,319) 252
Operating lease liabilities (1,055) (756)
Other liabilities (18) 19
Net cash used in operating activities (39,712) (14,354)
Cash Flows from Investing Activities:    
Purchases of property and equipment (51,116) (26,970)
Grant funding for property and equipment 24,034 18,000
Acquisition working capital settlement (5,837) 0
Net cash used in investing activities (32,919) (8,970)
Cash Flows from Financing Activities:    
Proceeds from the exercise of stock options 3,643 114
Proceeds from the issuance of Common stock, net 0 43,161
Proceeds from the issuance of Class C preferred stock, net 0 99,449
Sale of noncontrolling interest 7,039 0
2024 convertible note 0 130
Net cash provided by financing activities 10,682 142,854
Effect of foreign exchange on cash and cash equivalents (19) 28
Net (decrease) increase in cash and cash equivalents (61,968) 119,558
Cash and cash equivalent at the beginning of the period 491,329 55,930
Cash and cash equivalents at the end of the period  $ 429,361 $ 175,488