XML 117 R106.htm IDEA: XBRL DOCUMENT v3.25.2
SEGMENT REPORTING - Schedule of Segment Revenue, Segment Profit or Loss, and Significant Segment Expenses (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Segment Reporting Information [Line Items]        
Revenue $ 259,432 $ 200,581 $ 494,480 $ 373,321
Cost of revenue (531,783) (470,355) (995,343) (875,151)
Research and development expenses (273,839) (287,170) (525,085) (571,797)
Selling, general, and administrative expenses (256,857) (210,245) (469,032) (423,477)
Restructuring charges 0 (20,228) 0 (20,228)
Change in fair value of common stock warrant liability 5,322 7,539 18,183 34,593
Change in fair value of equity securities 3,948 (9,390) (9,505) (29,323)
Change in fair value of derivative liabilities associated with redeemable convertible preferred stock (related party)     393,175 103,000
Gain on extinguishment of debt 116,360 0 116,360 0
Interest income 44,318 54,553 96,527 105,184
Interest expense (23,749) (6,673) (35,632) (14,174)
Other income (expense), net 3,572 (5,067) 6,537 (6,074)
Benefit from (provision for) income taxes 2,369 65 3,732 (123)
Net loss (539,432) (643,390) (905,603) (1,324,249)
Reportable Segment        
Segment Reporting Information [Line Items]        
Revenue 259,432 200,581 494,480 373,321
Research and development expenses (273,839) (287,170) (525,085) (571,797)
Selling, general, and administrative expenses (256,857) (210,245) (469,032) (423,477)
Restructuring charges 0 (20,228) 0 (20,228)
Change in fair value of common stock warrant liability 5,322 7,539 18,183 34,593
Change in fair value of equity securities 3,948 (9,390) (9,505) (29,323)
Change in fair value of derivative liabilities associated with redeemable convertible preferred stock (related party) 111,475 103,000 393,175 103,000
Gain on extinguishment of debt 116,360 0 116,360 0
Interest income 44,318 54,553 96,527 105,184
Interest expense (23,749) (6,673) (35,632) (14,174)
Other income (expense), net 3,572 (5,067) 6,537 (6,074)
Benefit from (provision for) income taxes 2,369 65 3,732 (123)
Net loss (539,432) (643,390) (905,603) (1,324,249)
Reportable Segment | Cost of revenue - excluding LCNRV and provision for warranty        
Segment Reporting Information [Line Items]        
Cost of revenue (332,144) (268,036) (631,756) (514,856)
Reportable Segment | Cost of revenue - LCNRV        
Segment Reporting Information [Line Items]        
Cost of revenue (184,679) (154,168) (336,315) (291,989)
Reportable Segment | Cost of revenue - provision for warranty        
Segment Reporting Information [Line Items]        
Cost of revenue $ (14,960) $ (48,151) $ (27,272) $ (68,306)