v3.25.3
CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 208,367 $ 199,627
Short-term investments 769,755 733,224
Total cash, cash equivalents and short-term investments 978,122 932,851
Restricted cash 347 0
Accounts and other receivables, net 10,426 16,044
Prepaid expenses and other current assets 29,699 20,710
Total current assets 1,018,594 969,605
Property and equipment, net 140,202 120,954
Operating lease right-of-use assets 33,603 28,689
Restricted cash 693 762
Intangible assets 20,986 8,127
Goodwill 90,394 14,322
Other non-current assets 61,837 61,006
Total assets 1,366,309 1,203,465
Current liabilities:    
Accounts payable 13,415 4,261
Operating lease liabilities, current portion 8,473 5,031
Accrued and other current liabilities 52,969 38,842
Total current liabilities 74,857 48,134
Operating lease liabilities, net of current portion 27,876 26,178
Warrant liability 139,546 95,410
Earnout shares liability 200,925 117,416
Other non-current liabilities 26,653 3,964
Total liabilities 469,857 291,102
Commitments and contingencies (Note 7)
Stockholders’ equity:    
Preferred stock: $0.0001 par value - 100,000,000 shares authorized. No shares issued and outstanding. 0 0
Common stock: $0.0001 par value - 2,800,000,000 shares authorized; 874,277,241 and 784,176,364 shares issued and outstanding at September 30, 2025 and December 31, 2024, respectively. 87 78
Additional paid-in capital 3,559,790 2,768,605
Accumulated deficit (2,664,043) (1,855,737)
Accumulated other comprehensive gain (loss) 618 (583)
Total stockholders’ equity 896,452 912,363
Total liabilities and stockholders’ equity $ 1,366,309 $ 1,203,465

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