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Condensed Consolidated Statements of Operations and Comprehensive (Loss) Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Revenues $ 3,499 $ 503 $ 5,329 $ 1,974
Operating expenses:        
Research and development 22,702 12,218 40,252 22,352
General and administrative 12,439 7,161 24,859 12,286
Truck and freight operations 10,649 5,470 18,954 9,475
Sales and marketing 1,386 1,001 2,792 1,807
Total operating expenses 47,176 25,850 86,857 45,920
Loss from operations (43,677) (25,347) (81,528) (43,946)
Other income (expenses):        
Interest expense (909) (1,160) (1,805) (2,424)
Interest income and other, net (524) 294 525 463
Change in fair value of second lien loans (679) (2,154) (1,153) (2,154)
Change in fair value of simple agreements for future equity 0 (84,173) 0 (192,548)
Total other income (expenses), net 56,168 (88,376) 120,505 (197,961)
Net (loss) income before income taxes 12,491 (113,723) 38,977 (241,907)
Income tax expense (14) (3) (10) (4)
Net (loss) income 12,477 (113,726) 38,967 (241,911)
Unrealized losses on marketable securities, net of tax (116) 0 (140) 0
Comprehensive (loss) income 12,361 (113,726) 38,827 (241,911)
Net income 12,477 (113,726) 38,967 (241,911)
Less: cumulative dividends to preferred stockholders (50,152) 0 (54,433) 0
Net loss attributable to common stockholders, basic $ (37,675) $ (113,726) $ (15,466) $ (241,911)
Net loss per common share, basic (in dollars per share) $ (0.20) $ (1.89) $ (0.09) $ (4.05)
Net loss per common share, diluted (in dollars per share) $ (0.50) $ (1.89) $ (0.73) $ (4.05)
Weighted-average common shares outstanding, basic (in shares) 187,241 60,197 181,825 59,720
Weighted-average common shares outstanding, diluted (in shares) 193,203 60,197 188,886 59,720
Common stock warrants        
Other income (expenses):        
Change in fair value of warrants $ 58,280 $ 0 $ 122,938 $ 0
Redeemable convertible preferred stock warrants        
Other income (expenses):        
Change in fair value of warrants $ 0 $ (1,183) $ 0 $ (1,298)