BALANCE SHEET COMPONENTS

6 Months Ended

Jun. 30, 2025

Organization, Consolidation and Presentation of Financial Statements [Abstract]

BALANCE SHEET COMPONENTS

4. BALANCE SHEET COMPONENTS

Customer funding receivable and other current assets as of June 30, 2025 and December 31, 2024 consisted of the following (in thousands):

	June 30, 2025		December 31, 2024
Customer funding receivable	$	230,672	$	7,442
Other	19,971		35,647
Total customer funding receivable and other current assets	$	250,643	$	43,089

Customer funding receivable represents amounts due from our customer for construction related payables and accrued expenses incurred on their behalf. The Company collects these amounts from the customer prior to payment to vendors. As of June 30, 2025, approximately $150.1 million of the related obligations were included in accounts payable and approximately $80.6 million were included in accrued expenses.

Accrued expenses as of June 30, 2025 and December 31, 2024 consisted of the following (in thousands):

	June 30, 2025		December 31, 2024
Accrued customer funded construction	$	80,618	$	—
Accrued capital expenditures	67,643		12,106
Other	32,380		52,564
Total accrued expenses	$	180,641	$	64,670