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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash, cash equivalents, and restricted cash $ 720,444 $ 65,442
Short-term marketable securities 2,249 2,201
Accounts receivable 50,889 88,244
Supplies 40,613 39,572
Prepaid expenses and other current assets 19,124 20,270
Total current assets 833,319 215,729
Property and equipment, net 61,315 67,817
Goodwill 19,344 19,344
Other assets 41,080 40,844
Total assets 955,058 343,734
Current liabilities:    
Accounts payable 28,728 27,791
Accrued expenses and other current liabilities 61,357 77,542
Current portion of indebtedness 95 60,090
Total current liabilities 90,180 165,423
Long-term indebtedness, net of debt discounts 373,611 319,438
Warrant liabilities 0 91,642
Other long-term liabilities 38,363 44,418
Total liabilities 502,154 620,921
Commitments and contingencies (see note 9)
Redeemable convertible preferred stock:    
Redeemable convertible preferred stock 0 2,221,651
Shareholders' equity (deficit):    
Preferred stock, $0.001 par value per share; 100,000,000 and no shares authorized as of June 30, 2025 and December 31, 2024, respectively; no shares issued and outstanding as of June 30, 2025 and December 31, 2024 0 0
Common stock $0.001 par value; 2,800,000,000 and 1,150,000,000 shares authorized as of June 30, 2025 and December 31, 2024, respectively; 282,711,176 and 36,686,819 shares issued as of June 30, 2025 and December 31, 2024, respectively; 281,090,538 and 36,504,319 shares outstanding as of June 30, 2025 and December 31, 2024, respectively; shares issued and outstanding include 43,605 and 662,000 unvested shares subject to repurchase as of June 30, 2025 and December 31, 2024, respectively 282 38
Treasury stock at cost, 1,620,638 and 182,500 shares of common stock as of June 30, 2025 and December 31, 2024, respectively (16,917) (330)
Additional paid-in capital 3,123,888 0
Related party promissory note receivable (see note 7) 0 (26,456)
Accumulated deficit (2,655,018) (2,472,300)
Accumulated other comprehensive income 669 210
Total shareholders' equity (deficit) 452,904 (2,498,838)
Total liabilities, redeemable convertible preferred stock, and shareholders' equity (deficit) 955,058 343,734
Series A Preferred Stock    
Redeemable convertible preferred stock:    
Redeemable convertible preferred stock 0 709,261
Series B Preferred Stock    
Redeemable convertible preferred stock:    
Redeemable convertible preferred stock 0 42,963
Series C Preferred Stock    
Redeemable convertible preferred stock:    
Redeemable convertible preferred stock 0 408,715
Series D Preferred Stock    
Redeemable convertible preferred stock:    
Redeemable convertible preferred stock $ 0 $ 1,060,712