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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Income Statement [Abstract]        
Revenue (including $45,588 and $4,980 from a related party for the three months ended September 30, 2024 and 2023, and $133,424 and $4,980 for the nine months ended September 30, 2024 and 2023, respectively) $ 200,038 $ 137,814 $ 573,359 $ 438,120
Costs and expenses        
Cost of revenue 412,544 469,722 1,287,695 1,526,051
Research and development 324,371 230,758 896,168 694,035
Selling, general and administrative 233,585 189,691 657,062 556,209
Restructuring charges 76 518 20,304 24,546
Total cost and expenses 970,576 890,689 2,861,229 2,800,841
Loss from operations (770,538) (752,875) (2,287,870) (2,362,721)
Other income (expense), net        
Change in fair value of common stock warrant liability (13,748) 60,316 20,845 61,647
Change in fair value of equity securities of a related party (8,836) 0 (38,159) 0
Change in fair value of derivative liabilities associated with redeemable convertible preferred stock (related party) (240,250) 0 (137,250) 0
Interest income 50,017 66,064 155,201 145,594
Interest expense (8,478) (3,340) (22,652) (17,138)
Other expense, net (155) (763) (6,229) (1,024)
Total other income (expense), net (221,450) 122,277 (28,244) 189,079
Loss before provision for income taxes (991,988) (630,598) (2,316,114) (2,173,642)
Provision for income taxes 487 296 610 1,012
Net loss (992,475) (630,894) (2,316,724) (2,174,654)
Accretion of redeemable convertible preferred stock (related party) 42,838 0 (107,924) 0
Net loss attributable to common stockholders, basic (949,637) (630,894) (2,424,648) (2,174,654)
Net loss attributable to common stockholders, diluted $ (949,637) $ (630,894) $ (2,424,648) $ (2,174,654)
Weighted-average shares outstanding attributable to common stockholders, basic (in shares) 2,323,971,541 2,284,446,783 2,312,249,333 2,010,916,100
Weighted-average shares outstanding attributable to common stockholders, diluted (in shares) 2,323,971,541 2,284,446,783 2,312,249,333 2,010,916,100
Net loss per share attributable to common stockholders, basic (in dollars per share) $ (0.41) $ (0.28) $ (1.05) $ (1.08)
Net loss per share attributable to common stockholders, diluted (in dollars per share) $ (0.41) $ (0.28) $ (1.05) $ (1.08)
Other comprehensive income (loss)        
Net unrealized gains on investments, net of tax $ 11,891 $ 1,554 $ 7,672 $ 2,590
Foreign currency translation adjustments 5,182 (1,967) 392 (1,381)
Total other comprehensive income (loss) 17,073 (413) 8,064 1,209
Comprehensive loss (975,402) (631,307) (2,308,660) (2,173,445)
Accretion of redeemable convertible preferred stock (related party) (42,838) 0 107,924 0
Comprehensive loss attributable to common stockholders $ (932,564) $ (631,307) $ (2,416,584) $ (2,173,445)