XML 20 R4.htm IDEA: XBRL DOCUMENT v3.26.1
Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Revenue from contract with customer, excluding assessed tax $ 183,630 $ 62,524
Grant revenue 3,100 0
Total revenue 186,730 62,524
Operating expenses:    
Cost of grant revenue (excluding depreciation and amortization) 3,101 0
Depreciation and amortization 13,048 623
Research and development 5,589 911
General and administrative expense (excluding depreciation and amortization) 50,671 15,220
Total operating expenses 225,931 72,601
Operating loss (39,201) (10,077)
Other income (expense), net:    
Interest income 1,431 1,419
Interest expense (4,885) (26)
Change in fair value of earn-out liabilities 0 (33,369)
Change in fair value of warrant liabilities (9,422) 43,002
Change in fair value of contingent consideration liabilities (521) 0
Other income, net 72 26
Total other income (expense), net (13,325) 11,052
Income (loss) before income taxes (52,526) 975
Income tax expense (2) 0
Net income (loss) (52,528) 975
Net income (loss) attributable to redeemable noncontrolling interest (15,484) 11,909
Net income attributable to noncontrolling interest 343 462
Net loss attributable to the Company (37,387) (11,396)
Less: Preferred dividends (162) (147)
Net income (loss) attributable to Class A common shareholders - basic (37,549) (11,543)
Net income (loss) attributable to Class A common shareholders - diluted $ (37,549) $ (11,543)
Net loss per share    
Net income (loss) per share of Class A common stock - basic (in dollars per share) $ (0.25) $ (0.11)
Net income (loss) per share of Class A common stock - diluted (in dollars per share) $ (0.25) $ (0.11)
Weighted-average common shares outstanding    
Weighted average shares outstanding - basic (in shares) 147,878,006 107,081,918
Weighted average shares outstanding - diluted (in shares) 147,878,006 107,081,918
Product revenue    
Revenue from contract with customer, excluding assessed tax $ 141,554 $ 0
Service revenue    
Revenue from contract with customer, excluding assessed tax 42,076 62,524
Nonrelated Party | Product revenue    
Operating expenses:    
Cost of goods and service, excluding depreciation, depletion, and amortization 113,913 0
Nonrelated Party | Service revenue    
Operating expenses:    
Cost of goods and service, excluding depreciation, depletion, and amortization 33,660 48,925
Affiliated Entity | Service revenue    
Operating expenses:    
Cost of goods and service, excluding depreciation, depletion, and amortization $ 5,949 $ 6,922