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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenue $ 595,271 $ 608,181 $ 27,111
Costs and expenses      
Cost of revenue 1,936,066 1,646,086 154,897
Research and development 937,012 821,512 750,185
Selling, general and administrative 797,235 734,574 652,475
Restructuring charges 24,546 0 0
Total cost and expenses 3,694,859 3,202,172 1,557,557
Loss from operations (3,099,588) (2,593,991) (1,530,446)
Other income (expense), net      
Change in fair value of forward contracts 0 0 (454,546)
Change in fair value of equity securities 5,999 0 0
Transaction costs expensed 0 0 (2,717)
Interest income 204,274 56,756 0
Interest expense (24,915) (30,596) (1,374)
Other income (expense), net (90) 9,532 (893)
Total other income (expense), net 272,194 1,289,910 (1,049,266)
Loss before provision for income taxes (2,827,394) (1,304,081) (2,579,712)
Provision for income taxes 1,026 379 49
Net loss (2,828,420) (1,304,460) (2,579,761)
Deemed dividend related to the issuance of Series E convertible preferred stock 0 0 (2,167,332)
Net loss attributable to common stockholders, basic (2,828,420) (1,304,460) (4,747,093)
Change in fair value of dilutive warrants 0 (1,254,218) 0
Net loss attributable to common stockholders, diluted $ (2,828,420) $ (2,558,678) $ (4,747,093)
Weighted average shares outstanding attributable to common stockholders      
Basic (in shares) 2,081,772,622 1,678,346,079 740,393,759
Diluted (in shares) 2,081,772,622 1,693,258,608 740,393,759
Net loss per share attributable to common stockholders      
Basic (in dollars per share) $ (1.36) $ (0.78) $ (6.41)
Diluted (in dollars per share) $ (1.36) $ (1.51) $ (6.41)
Other comprehensive income (loss)      
Net unrealized gains (losses) on investments, net of tax $ 12,669 $ (11,572) $ 0
Foreign currency translation adjustments 3,753 0 0
Total other comprehensive income (loss) 16,422 (11,572) 0
Comprehensive loss (2,811,998) (1,316,032) (2,579,761)
Deemed dividend related to the issuance of Series E convertible preferred stock 0 0 (2,167,332)
Comprehensive loss attributable to common stockholders (2,811,998) (1,316,032) (4,747,093)
Change in fair value of convertible preferred stock warrant liability      
Other income (expense), net      
Change in fair value of stock warrant liability 0 0 (6,976)
Change in fair value of common stock warrant liability      
Other income (expense), net      
Change in fair value of stock warrant liability $ 86,926 $ 1,254,218 $ (582,760)