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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 582,606 $ 207,607
Restricted cash 2,733 2,042
Trade accounts receivable, net of allowance for credit losses of $3,295 and $0, respectively 12,193 44,759
Contract assets 12,236 34,592
Prepaid and other current assets 9,046 4,161
Total current assets 618,814 293,161
Property and equipment, net 68,550 23,364
Intangible assets, net 12,968 0
Goodwill 18,697 0
Operating lease right-of-use assets 36,755 38,765
Finance lease right-of-use assets 94 114
Other assets 1,276 0
Total assets 757,154 355,404
Current liabilities    
Contract liabilities, current 57,368 65,184
Operating lease liabilities, current 10,466 2,021
Finance lease liabilities, current 48 37
Other current liabilities 33,028 11,489
Total current liabilities 124,832 98,831
Long-term debt 335,335 0
Contract liabilities, non-current 6,341 14,334
Operating lease liabilities, non-current 26,290 35,259
Finance lease liabilities, non-current 20 63
Earn-out liabilities 0 134,156
Warrant liabilities 60,394 68,778
Other long-term liabilities 240 62
Total liabilities 553,452 351,483
Commitments and contingencies (Note 15)
MEZZANINE EQUITY    
Series A preferred stock subject to possible redemption, $0.0001 par value, 25,000,000 shares authorized, 5,000 and 5,000 shares issued and outstanding 6,613 5,990
Redeemable noncontrolling interests 951,536 1,005,965
SHAREHOLDERS’ DEFICIT    
Treasury stock, at cost, 2,191,080 shares (33,525) (12,825)
Paid-in capital 0 0
Accumulated deficit (721,457) (996,453)
Total shareholders’ deficit attributable to the Company (754,964) (1,009,262)
Noncontrolling interests 517 1,228
Total shareholders’ deficit (754,447) (1,008,034)
Total liabilities, mezzanine equity and shareholders’ deficit 757,154 355,404
Nonrelated Party    
Current liabilities    
Accounts payable and accrued expenses 22,199 17,350
Affiliated Entity    
Current liabilities    
Accounts payable and accrued expenses 1,723 2,750
Class A Common Stock    
SHAREHOLDERS’ DEFICIT    
Common stock 12 10
Class B Common Stock    
SHAREHOLDERS’ DEFICIT    
Common stock 0 0
Class C Common Stock    
SHAREHOLDERS’ DEFICIT    
Common stock $ 6 $ 6