XML 12 R2.htm IDEA: XBRL DOCUMENT v3.25.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 154,468 $ 117,273
Restricted cash, current 22,425 3,239
Accounts receivable, net of allowance of $1,292 and $1,196 as of June 30, 2025 and December 31, 2024 31,860 45,849
Accounts receivable, capital-build 16,239 17,732
Prepaids and other current assets 27,386 21,282
Total current assets 252,378 205,375
Restricted cash, noncurrent 6,484 0
Property, equipment and software, net 415,714 414,968
Operating lease right-of-use assets 93,879 89,295
Other assets 30,273 24,321
Intangible assets, net 34,877 38,750
Goodwill 31,052 31,052
Total assets 864,657 803,761
Current liabilities    
Accounts payable 9,828 13,031
Accrued liabilities 53,381 42,953
Operating lease liabilities, current 7,039 7,326
Deferred revenue, current 45,890 46,258
Other current liabilities 2,013 1,842
Total current liabilities 118,151 111,410
Operating lease liabilities, noncurrent 87,792 83,043
Asset retirement obligations 25,597 23,793
Capital-build liability 53,273 51,705
Deferred revenue, noncurrent 70,609 70,466
Earnout liability, at fair value 374 942
Warrant liabilities, at fair value 4,036 9,740
Other long-term liabilities 7,705 8,931
Long-term debt 96,540 0
Total liabilities 464,077 360,030
Commitments and contingencies (Note 10)
Redeemable noncontrolling interest 630,720 699,840
Stockholders' deficit    
Preferred stock, $0.0001 par value; 10,000,000 shares authorized as of June 30, 2025 and December 31, 2024; none issued and outstanding
Accumulated deficit (230,170) (256,139)
Total stockholders' deficit (230,140) (256,109)
Total liabilities, redeemable noncontrolling interest and stockholders' deficit 864,657 803,761
Class A Common Stock    
Stockholders' deficit    
Common stock 13 13
Class B Common Stock    
Stockholders' deficit    
Common stock $ 17 $ 17