Quarterly report [Sections 13 or 15(d)]

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited)

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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Income Statement [Abstract]    
Revenue $ 24,246 $ 0
Operating expenses:    
Cost of Revenue 18,803 0
Research and development 177,470 134,287
Selling, general and administrative 61,553 28,997
Total operating expenses 257,826 163,284
Loss from operations (233,580) (163,284)
Interest and other income, net 17,784 9,898
Gain from change in fair value of warrants, earnout shares and contingent consideration, net 106,014 71,020
Total other income, net 123,798 80,918
Loss before income taxes (109,782) (82,366)
Income tax expense 168 40
Net loss $ (109,950) $ (82,406)
Net loss per share, basic (in dollars per share) $ (0.12) $ (0.11)
Net loss per share, diluted (in dollars per share) $ (0.12) $ (0.11)
Weighted-average number of shares outstanding, basic (in shares) 943,503,442 766,908,858
Weighted-average number of shares outstanding, diluted (in shares) 943,503,442 766,908,858