Quarterly report [Sections 13 or 15(d)]

Segment Reporting (Tables)

v3.26.1
Segment Reporting (Tables)
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
The following table presents the segment disclosures required under U.S. GAAP (in thousands):
Services Segment
Three Months Ended
June 30,		 Six Months Ended
June 30,
2026 2025 2026 2025
Revenue $ 38,639  $ 15  $ 62,885  $ 15 
Operating expenses:
People related costs, excluding stock based compensation expense (116,135) (88,441) (229,945) (176,145)
Gain (loss) from change in fair value of warrants, earnout shares, and contingent consideration (3,347) (126,295) 102,667  (55,275)
Stock-based compensation expense (51,971) (26,558) (96,016) (53,577)
Other segment items (1)
(112,629) (83,395) (194,984) (122,098)
Net loss $ (245,443) $ (324,674) $ (355,393) $ (407,080)
(1) Other segment items comprise primarily depreciation and amortization, materials used in research and 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):
Three Months Ended June 30, Six Months Ended June 30,
2026 2025 2026 2025
Revenue
United States $ 26,799  $ 15  $ 41,349  $ 15 
Europe 10,448  —  18,101  — 
Other 1,392  —  3,435  — 
$ 38,639  $ 15  $ 62,885  $ 15 
June 30, 2026 December 31, 2025
Long-lived assets
United States $ 240,314  $ 160,299 
Other 20,434  18,109 
$ 260,748  $ 178,408