| Metric | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Cash and cash equivalents | $568.0M+664.5% | $74.3M+6.9% | $69.5M+306.8% | $17.1M |
| Restricted cash | $34.6M+146.2% | $14.1M+309.1% | $3.4M+26.2% | $2.7M |
| Loan commitment assets - related party | $0-100.0% | $21.7M | $0 | — |
| Accounts receivable, net | $6.8M+123.1% | $3.0M-10.3% | $3.4M+103.3% | $1.7M |
| Inventory | $59.0M+79.8% | $32.8M+92.3% | $17.1M-26.6% | $23.3M |
| Vendor deposits | $11.8M-32.5% | $17.4M+143.2% | $7.2M+49.5% | $4.8M |
| Contract assets, current | $14.0M+6.7% | $13.1M+105.1% | $6.4M+243.5% | $1.9M |
| Prepaid expenses | $2.7M+188.0% | $938K-13.3% | $1.1M-52.7% | $2.3M |
| Grant receivable, net | $11.0M+383.0% | $2.3M-29.9% | $3.3M+1138.0% | $263K |
| Other current assets | $590K+169.4% | $219K-93.9% | $3.6M+193.2% | $1.2M |
| Total current assets | $708.5M+293.8% | $179.9M+47.1% | $122.3M+121.8% | $55.1M |
| Property, plant and equipment, net | $114.4M+150.6% | $45.7M+20.6% | $37.9M+39.3% | $27.2M |
| Intangible assets, net | $979K+307.9% | $240K-18.6% | $295K+22.9% | $240K |
| Goodwill | $4.3M+0.0% | $4.3M+0.0% | $4.3M+0.0% | $4.3M |
| Operating lease right-of-use asset, net | $20.4M+602.0% | $2.9M-27.9% | $4.0M-6.6% | $4.3M |
| Long-term restricted cash | $21.9M+46.3% | $15.0M+27.6% | $11.8M+2.9% | $11.4M |
| Other assets, net | $14.6M+19.3% | $12.3M+108.2% | $5.9M+41.5% | $4.2M |
| Total assets | $885.2M+240.0% | $260.3M+39.6% | $186.5M+74.6% | $106.8M |
| Accounts payable | $285K-98.3% | $16.7M-18.6% | $20.5M-40.8% | $34.7M |
| Accrued expenses | $25.8M+17.1% | $22.0M-31.9% | $32.3M+110.5% | $15.4M |
| Operating lease liability, current | $2.0M+4.3% | $1.9M+25.6% | $1.5M+35.3% | $1.1M |
| Long-term debt, current | $372K-81.5% | $2.0M-39.6% | $3.3M+16.0% | $2.9M |
| Contract liabilities, current | $15.0M-32.1% | $22.0M+617.9% | $3.1M-20.3% | $3.9M |
| Other current liabilities | $524K+81.9% | $288K+188.0% | $100K+212.5% | $32K |
| Total current liabilities | $143.5M+120.9% | $65.0M+6.7% | $60.9M+0.5% | $60.6M |
| Operating lease liability | $19.2M+1078.3% | $1.6M-51.4% | $3.4M-18.9% | $4.1M |
| Long-term debt | $662.5M+906.4% | $65.8M-25.2% | $88.0M+0.8% | $87.3M |
| Notes payable - related party | $150.4M-39.6% | $249.1M+121.3% | $112.5M | — |
| Contract liabilities, long-term | $2.5M-41.9% | $4.3M+21.8% | $3.5M+270.3% | $956K |
| Other liabilities | $427K+518.8% | $69K-95.5% | $1.5M-55.7% | $3.5M |
| Total long-term liabilities | $1.62B+108.3% | $777.1M+228.7% | $236.4M+32.1% | $178.9M |
| Total liabilities | $1.76B+109.3% | $842.1M+183.3% | $297.3M+24.1% | $239.5M |
| Common Stock, $0.0001 par value, 600,000,000 shares authorized, 337,132,374 and 221,791,205 shares outstanding at December 31, 2025 and 2024, respectively | 32K+39.1% | 23K+9.5% | 21K+133.3% | 9K |
| Additional paid in capital | $427.7M-20.0% | $534.7M-30.1% | $765.0M+48.9% | $513.6M |
| Accumulated deficit | -$2.54B-62.4% | -$1.56B-78.3% | -$875.8M-35.5% | -$646.3M |
| Total shareholders' deficit | -$2.24B-109.1% | -$1.07B-866.1% | -$110.8M+16.5% | -$132.7M |
| Total liabilities, preferred stock and shareholders' deficit | $885.2M+240.0% | $260.3M+39.6% | $186.5M+74.6% | $106.8M |
| Series B Preferred Stock | ||||
| SERIES B PREFERRED STOCK - related party (NOTE 3) | $1.36B+178.6% | $488.7M | $0 | — |
| Nonrelated Party | ||||
| Warrants liability | $470.7M+76.5% | $266.6M+870.9% | $27.5M | — |
| Accumulated other comprehensive income (loss) | -$130.8M-200.8% | -$43.5M | $0-100.0% | $6K |
| Related Party | ||||
Source: SEC EDGAR XBRL. % change vs prior period shown where available.
Source: SEC EDGAR 10-K and 10-Q filings. Up to 10 years annual / 16 quarters shown.