Balance Sheet

v3.26.3

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2026	Dec. 31, 2025
Current assets
Cash and cash equivalents	$ 119,410	$ 103,233
Restricted cash	8,207	8,380
Financial investments	228,367	280,845
Other current assets	17,755	18,362
Total current assets	373,745	410,874
Non-current assets
Property, plant & equipment, net	14,867	10,560
Right-of-use assets, net	215	310
Capitalized software, net	8,976	4,762
Deferred income taxes, net	3,916	3,916
Other non-current assets	7,350	4,434
Total non-current assets	35,707	24,002
Total assets	409,452	434,875
Current liabilities
Accounts payable	4,193	3,828
Current portion of long-term debt	8,497	3,374
Warrant liability	698	4,600
Total current liabilities	119,140	124,769
Non-current liabilities
Long-term debt	313,643	176,412
Total non-current liabilities	324,795	186,348
Total liabilities	443,935	311,117
Commitments and contingencies (Note 15)
Equity
Common stock, $0.001 par value	348	348
Additional paid-in capital	833,352	830,500
Accumulated deficit	(868,184)	(707,090)
Total equity	(34,483)	123,758
Total liabilities and equity	409,452	434,875
Related Party [Member]
Current assets
Related party receivable	6	54
Non-current assets
Related party receivables	383	19
Current liabilities
Related party payables	52,883	70,265
Non-current liabilities
Related party payables	9,294	8,046
Nonrelated Party [Member]
Current liabilities
Other current payables	52,869	42,713
Non-current liabilities
Other non-current payables	$ 1,858	$ 1,890

- Definition

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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