Segment Information (Tables)

3 Months Ended

Mar. 31, 2026

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

The following presents the significant financial information with respect to the Company’s reportable segment for the three months ended March 31, 2026 and 2025 (in thousands):

	Three Months Ended March 31,
	2026		2025
Revenues	$	186,730	$	62,524
Less:
Cost of revenue (excluding depreciation and amortization)(1)	153,522		55,847
Depreciation and amortization	13,048		623
Research and development	5,589		911
General and administrative expense (excluding depreciation and amortization)(2)(3)	50,671		15,220
Operating loss	(36,100)		(10,077)
Interest income	1,431		1,419
Interest expense	(4,885)		(26)
Change in fair value of earn-out liabilities	—		(33,369)
Change in fair value of warrant liabilities	(9,422)		43,002
Change in fair value of contingent consideration liabilities	(521)		—
Other income, net	72		26
Income tax expense	(2)		—
Net income (loss)	$	(49,427)	$	975

(1)    Cost of revenue consists primarily of direct material and labor costs, launch costs, manufacturing overhead, freight expense, and other personnel-related expenses, which include employee compensation and benefits and stock-based compensation.

(2)    General and administrative expense includes sales and marketing expense primarily related to business development expenses such as, expenses such as, employee compensation and benefits, subcontract costs, marketing, and materials and supplies costs. Costs incurred for business development were $1.2 million and $0.5 million, for the three months ended March 31, 2026 and 2025, respectively.

(3)    Other general and administrative expense primarily includes all other employee compensation and benefits, stock-based compensation, facilities costs, professional services, software licenses, and other administrative costs.