| Metric | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Cash and cash equivalents | $182.4M+151.2% | $72.6M-71.3% | $253.3M-42.8% | $443.1M |
| Restricted cash | $7.1M | $0-100.0% | $969K-99.2% | $120.0M |
| Accounts receivable | $84.5M | $0 | — | — |
| Government grants receivable, net | $36.4M+5194.9% | $687K | — | — |
| Inventory | $116.0M-57.7% | $274.5M | $0 | — |
| Advances to suppliers | $137.5M-16.6% | $164.8M | $0 | — |
| Other current assets | $6.0M+37.0% | $4.4M | $0-100.0% | $8.1M |
| Current assets of discontinued operations | $19.4M-61.9% | $51.0M-11.6% | $57.6M | — |
| Total current assets | $663.5M+16.0% | $572.0M+83.4% | $312.0M-46.2% | $579.5M |
| Property and equipment, net | $302.3M+3.0% | $293.6M+16707.8% | $1.7M-99.2% | $210.8M |
| Goodwill | $57.4M-22.9% | $74.5M | $0 | — |
| Intangible assets, net | $180.5M-36.3% | $283.5M | $0-100.0% | $3.0M |
| Right-of-use asset under operating leases | $151.2M+34.8% | $112.2M | $0-100.0% | $14.5M |
| Other assets | $10.1M | $0 | — | $11K |
| Total assets | $1.37B+2.7% | $1.34B+82.4% | $732.2M-11.5% | $827.7M |
| Accrued liabilities and other | $47.2M-49.4% | $93.3M+854.1% | $9.8M-81.0% | $51.4M |
| Deferred revenue | $56.7M+16.5% | $48.7M | $0 | — |
| Derivative liabilities | $11.7M-21.8% | $14.9M | $0 | — |
| Current portion of long-term debt | $46.4M+8.1% | $42.9M | $0 | — |
| Current liabilities of discontinued operations | $47.5M+6.7% | $44.6M+41.5% | $31.5M | — |
| Total current liabilities | $463.6M+13.0% | $410.1M+733.9% | $49.2M-21.4% | $62.6M |
| Long-term deferred revenue | $48.2M+50.6% | $32.0M | $0 | — |
| Operating lease liability | $143.5M+35.8% | $105.7M | $0-100.0% | $11.1M |
| Deferred tax liability | $3.8M-82.3% | $21.2M+4691.6% | $443K | — |
| Other long-term liabilities | $47.4M+117.6% | $21.8M+974.1% | $2.0M | $0 |
| Total liabilities | $1.05B-4.4% | $1.10B+1027.2% | $97.5M-9.4% | $107.6M |
| Common stock, $0.01 par value, 266,267 and 155,928 shares issued and outstanding as of December 31, 2025 and 2024, respectively | $2.7M+70.8% | $1.6M+11.6% | $1.4M-99.0% | $139.9M |
| Additional paid-in capital | $1.36B+39.9% | $971.4M+4.9% | $925.6M+19.8% | $772.6M |
| Accumulated other comprehensive loss | -$18.2M+69.1% | -$59.0M-213.3% | -$18.8M-307.0% | $9.1M |
| Accumulated deficit | -$1.09B-50.7% | -$725.2M-163.7% | -$275.0M-35.4% | -$203.1M |
| Total equity | $250.4M+32.6% | $188.8M-70.3% | $634.7M-11.9% | $720.1M |
| Total liabilities, redeemable preferred stock and equity | $1.37B+2.7% | $1.34B+82.4% | $732.2M-11.5% | $827.7M |
| Series A Preferred Stock | ||||
| Redeemable preferred stock | $53.7M | $0 | — | — |
| Series B Preferred Stock | ||||
| Series B1 Preferred Stock | ||||
| Related party | ||||
| Accounts payable and accrued liabilities - related parties | $162.8M+209.8% | $52.5M | — | — |
| Convertible note - related party | $153.0M | $0 | $0 | — |
| Long-term debt | $137.3M-27.1% | $188.3M | $0 | — |
| Nonrelated party | ||||
| Accounts payable | $91.3M+47.9% | $61.7M | $0-100.0% | $6.8M |
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.