Annual report [Section 13 and 15(d), not S-K Item 405]

Segment Reporting (Tables)

v3.25.4
Segment Reporting (Tables)
12 Months Ended
Dec. 31, 2025
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information
The following table presents the segment disclosures required under U.S. GAAP (in thousands):
Services segment
Year Ended December 31, 2025 Year Ended December 31, 2024
Revenue: $ 53,425  $ 136 
Operating expenses:
People related costs, excluding stock based compensation expense (371,130) (316,485)
Loss from change in fair value of warrants, earnout shares, and contingent consideration (211,850) (53,973)
Stock-based compensation expense (127,887) (104,446)
Other segment items (1)
(272,400) (133,266)
Net loss $ (929,842) $ (608,034)
(1) Other segment items comprise primarily of depreciation and amortization, materials used in research & development activities, government grants (presented as a reduction of research and development expenses), professional services, other overhead expenses, and interest and other income, net.
Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas Summary financial data attributable to various geographic regions for the periods indicated is as follows (in thousands):
Year Ended December 31,
2025 2024 2023
Revenue
United States $ 35,751  $ 136  $ 1,032 
Japan 8,134  —  — 
Europe 6,768  —  — 
Other 2,772  —  — 
$ 53,425  $ 136  $ 1,032 
December 31,
2025 2024
Long-lived assets
United States $ 160,299  $ 135,597 
Other 18,109  14,046 
$ 178,408  $ 149,643