| Metric | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Cash and cash equivalents | $94.4M+319.8% | $22.5M-4.2% | $23.5M |
| Restricted cash | $7.4M | $0 | — |
| Accounts receivable, net of allowance of $52 and $148, respectively | $8.5M+483.9% | $1.5M+62.5% | $901K |
| Inventories | $2.1M | $0 | — |
| Prepaid expenses and other current assets | $2.7M-30.9% | $3.9M+79.8% | $2.2M |
| Total current assets | $115.2M+313.3% | $27.9M+4.9% | $26.6M |
| Property and equipment, net | $24.6M-9.5% | $27.2M-33.8% | $41.1M |
| Operating lease right-of-use assets | $7.0M+703.6% | $877K-72.6% | $3.2M |
| Other non-current assets | $4.4M-22.6% | $5.7M+3.9% | $5.5M |
| Total assets | $151.3M+145.3% | $61.7M-19.2% | $76.4M |
| Accounts payable | $2.4M-35.2% | $3.8M-52.7% | $7.9M |
| Warrant liabilities | $5.8M-49.5% | $11.5M+311.8% | $2.8M |
| Earnout liabilities | $554K-63.1% | $1.5M+258.2% | $419K |
| Operating lease liabilities | $6.1M+1082.0% | $516K-71.2% | $1.8M |
| Contract liabilities | $4.0M | $0-100.0% | $1.0M |
| Accrued expenses and other liabilities | $1.9M-83.5% | $11.6M+165.8% | $4.4M |
| Total current liabilities | $22.5M-35.0% | $34.6M+61.8% | $21.4M |
| Secured Convertible Notes at fair value | $56.1M-29.0% | $79.1M | $0 |
| Other non-current liabilities | $2.1M+299.8% | $516K-1.9% | $526K |
| Total liabilities | $90.8M-20.9% | $114.7M+364.3% | $24.7M |
| Preferred stock, $0.0001 par value, 5,000,000 shares authorized, 0 shares issued and outstanding as of December 31, 2025 and December 31, 2024 | $0 | $0 | $0 |
| Treasury stock, at cost, $567,823 shares as of December 31, 2025 and 2024 | -$8.6M+0.0% | -$8.6M+0.0% | -$8.6M |
| Additional paid-in capital | $473.5M+32.9% | $356.2M+3.5% | $344.1M |
| Accumulated other comprehensive income (loss) | $531K+193.0% | -$571K-1630.3% | -$33K |
| Accumulated deficit | -$404.9M-1.2% | -$400.1M-41.0% | -$283.8M |
| Total stockholders’ equity (deficit) | $60.5M+214.1% | -$53.0M-202.6% | $51.7M |
| Total liabilities and stockholders' equity | $151.3M+145.3% | $61.7M-19.2% | $76.4M |
| Class A ordinary shares | |||
| Common stock | $0 | $0 | $0 |
| Class B ordinary shares | |||
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.