| Metric | FY2025 | FY2024 |
|---|---|---|
| Cash and cash equivalents | $793.0M+542.4% | $123.4M |
| Short-term investments | $100.0M | $0 |
| Restricted cash, current | $0-100.0% | $424K |
| Accounts receivable, net | $46.1M+4494.5% | $1.0M |
| Advanced payments, current | $12.3M-76.4% | $52.4M |
| Other current assets | $11.7M+239.4% | $3.5M |
| Total current assets | $963.2M+433.0% | $180.7M |
| Advanced payments, less current portion | $60.5M+44.8% | $41.8M |
| Property and equipment, net | $163.7M+20.8% | $135.6M |
| Restricted cash, less current portion | $0-100.0% | $13.7M |
| Right-of-use assets - operating leases | $13.9M-4.6% | $14.6M |
| Right-of-use assets - finance leases | $3.7M+0.7% | $3.7M |
| Intangible assets, net | $165.7M | $0 |
| Goodwill | $450.1M+2532.7% | $17.1M |
| Other noncurrent assets | $4.0M+2446.8% | $158K |
| Total assets | $1.82B+348.0% | $407.3M |
| Accounts payable | $35.6M-5.3% | $37.6M |
| Accounts payable - related parties | $330K+283.7% | $86K |
| Accrued expenses | $42.8M+196.5% | $14.4M |
| Operating lease liability, current | $1.2M+2.9% | $1.1M |
| Finance lease liability, current | $1.1M+23.4% | $856K |
| Deferred revenue, current | $116.1M+7.5% | $108.1M |
| Notes payable, current | $7.1M+11.8% | $6.3M |
| Other current liabilities | $9.4M-13.1% | $10.8M |
| Total current liabilities | $213.6M+19.1% | $179.4M |
| Operating lease liability, less current portion | $15.8M-3.9% | $16.5M |
| Finance lease liability, less current portion | $2.0M+0.4% | $2.0M |
| Deferred revenue, less current portion | $92.6M+101.6% | $45.9M |
| Notes payable, less current portion | $281.4M+126.8% | $124.1M |
| Notes payable, less current portion - related parties | $0-100.0% | $17.5M |
| Warrant liability | $12.3M+202.1% | $4.1M |
| Other liabilities, less current portion | $17.3M-33.4% | $26.0M |
| Total liabilities | $635.0M+52.9% | $415.4M |
| Redeemable convertible preferred stock, $0.0001 par value; 100,000 and 51,033 shares authorized as of September 30, 2025 and December 31, 2024, respectively; 0 and 41,588 shares issued and outstanding as of September 30, 2025 and December 31, 2024, respectively; $0 and $1,227,158 liquidation preference as of September 30, 2025 and December 31, 2024, respectively | $0-100.0% | $759.6M |
| Common stock, $0.0001 par value, 1,000,000 and 154,397 shares authorized as of September 30, 2025 and December 31, 2024, respectively; 148,138 and 13,241 shares issued and outstanding as of September 30, 2025 and December 31, 2024, respectively | $17K+1600.0% | $1K |
| Additional paid-in capital | $2.21B | $0 |
| Accumulated deficit | -$1.02B-32.9% | -$767.6M |
| Total stockholders' equity (deficit) | $1.19B+255.0% | -$767.6M |
| Total liabilities, temporary equity, and stockholders' equity (deficit) | $1.82B+348.0% | $407.3M |
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.