XML 14 R4.htm IDEA: XBRL DOCUMENT v3.25.2
Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenue        
Total revenue $ 98,030 $ 66,619 $ 173,317 $ 121,777
Cost of sales        
Charging network 32,545 23,056 62,154 41,766
Other 37,235 26,016 57,635 45,264
Depreciation, net of capital-build amortization 14,342 11,149 30,297 21,508
Total cost of sales 84,122 60,221 150,086 108,538
Gross profit 13,908 6,398 23,231 13,239
Operating expenses        
General and administrative 40,596 33,827 79,224 68,053
Depreciation, amortization and accretion 4,124 4,958 8,219 9,943
Total operating expenses 44,720 38,785 87,443 77,996
Operating loss (30,812) (32,387) (64,212) (64,757)
Other income (expense)        
Interest expense (909) 0 (1,426) 0
Interest income 1,718 2,064 3,412 4,337
Other income (expense), net 5 (8) 0 (17)
Change in fair value of earnout liability (180) 101 568 309
Change in fair value of warrant liabilities 360 677 5,704 2,395
Total other income, net 994 2,834 8,258 7,024
Loss before income tax expense (29,818) (29,553) (55,954) (57,733)
Income tax expense (3) (57) (94) (70)
Net loss (29,821) (29,610) (56,048) (57,803)
Less: net loss attributable to redeemable noncontrolling interest (16,823) (19,233) (31,688) (37,593)
Net loss attributable to Class A common stockholders $ (12,998) $ (10,377) $ (24,360) $ (20,210)
Net loss per share to Class A common stockholders, basic (in dollars per share) $ (0.1) $ (0.1) $ (0.18) $ (0.19)
Net loss per share to Class A common stockholders, diluted (in dollars per share) $ (0.1) $ (0.1) $ (0.18) $ (0.19)
Charging network        
Revenue        
Total revenue $ 51,828 $ 35,526 $ 98,926 $ 67,148
Charging, retail        
Revenue        
Total revenue 32,779 22,336 62,794 40,662
Charging, commercial        
Revenue        
Total revenue 8,573 6,176 16,356 11,283
Charging, OEM        
Revenue        
Total revenue 7,908 3,638 13,166 6,370
Regulatory credit sales        
Revenue        
Total revenue 2,450 1,749 5,236 3,783
Network, OEM        
Revenue        
Total revenue 118 1,627 1,374 5,050
eXtend        
Revenue        
Total revenue 37,385 27,667 60,873 46,818
Ancillary        
Revenue        
Total revenue $ 8,817 $ 3,426 $ 13,518 $ 7,811