7Baggers
Quarterly
Annual
    Unit: USD2025-09-30 2025-06-30 2025-03-31 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-03-31 2020-09-30 
      
    		                
      cash flows from operating activities:
    		                
      net income
    		-978,428,000 -539,432,000 -366,171,000 -643,390,000 -680,859,000 -653,766,000 -630,894,000 -764,232,000 -779,528,000 -472,648,000 -530,101,000 -220,425,000 -81,286,000 -1,045,680,000 -871,798,158 -156,614 
      adjustments to reconcile net income to net cash from operating activities:
    		                
      depreciation and amortization
    		120,090,000 111,088,000 97,959,000 66,183,000 68,838,000 67,498,000 60,832,000 55,363,000 49,838,000 55,240,000 50,653,000 42,448,000 38,242,000 36,286,000   
      amortization of insurance premium
    		9,536,000 8,571,000 8,914,000 8,725,000 8,589,000 9,265,000 9,114,000 10,865,000 10,263,000 10,432,000 10,264,000 7,425,000 7,499,000 11,290,000   
      non-cash operating lease cost
    		12,928,000 11,207,000 8,551,000 7,667,000 7,469,000 7,330,000 6,593,000 6,448,000 5,830,000 5,457,000 5,302,000 4,848,000 4,104,000 3,934,000   
      stock-based compensation
    		115,055,000 56,319,000 27,515,000 57,013,000 63,696,000 63,851,000 68,237,000 71,376,000 53,819,000 71,255,000 83,302,000 94,392,000 174,551,000 150,557,000   
      inventory and firm purchase commitments write-downs
    		190,664,000 179,888,000 147,918,000 145,243,000 132,298,000 171,574,000 230,816,000 276,631,000 227,048,000 204,926,000       
      change in fair value of common stock warrant liability
    		-444,000 -5,322,000 -12,861,000 -7,539,000 -27,054,000 -25,279,000 -60,316,000 -42,133,000 40,802,000 -255,899,000 -140,146,000 -334,843,000 -523,330,000 557,973,000   
      change in fair value of equity securities of a related party
    		-916,000 -3,948,000 13,453,000 9,390,000 19,933,000            
      change in fair value of derivative liabilities associated with redeemable convertible preferred stock
    		36,375,000 -111,475,000 -281,700,000              
      net accretion of investment discounts/premiums
    		-2,616,000 -5,582,000 -13,480,000 -23,004,000 -21,304,000            
      gain on extinguishment of debt
    		0                
      other non-cash items
    		719,000 6,582,000 2,718,000 6,199,000 -1,255,000 81,195,000 -19,286,000 -8,654,000 -19,050,000 -5,322,000 -5,015,000      
      changes in operating assets and liabilities:
    		                
      accounts receivable
    		-13,263,000 -35,041,000 21,781,000 25,584,000 -75,196,000 -28,731,000 -2,800,000 -17,987,000 17,009,000 -16,987,000 -1,119,000 -673,000 2,281,000 -2,887,000   
      inventory
    		-446,557,000 -379,573,000 -206,470,000 -62,408,000 -21,002,000 -82,077,000 -127,971,000 -93,808,000 -354,154,000 -350,295,000 -302,202,000 -300,830,000 -303,022,000 -114,979,000   
      prepaid expenses
    		-4,366,000 -20,254,000 -7,423,000 -8,227,000 -11,042,000 -2,579,000 -12,027,000 -21,953,000 -9,082,000 -16,721,000 -18,560,000 -14,064,000 20,523,000 -1,283,000   
      other assets
    		                
      accounts payable
    		185,815,000 58,890,000 -377,000 6,714,000 -3,533,000 -24,709,000 -18,811,000 -29,825,000 -66,174,000 128,253,000 2,620,000 43,883,000 5,713,000 18,529,000   
      other liabilities
    		                
      net cash from operating activities
    		-756,650,000 -830,241,000 -428,613,000 -506,987,000 -516,745,000 -474,549,000 -513,582,000 -700,358,000 -801,264,000 -648,515,000 -569,466,000 -513,628,000 -494,649,000 -312,732,000   
      capex
    		-198,818,000 -182,663,000 -194,152,000 -289,089,000 -157,733,000 -272,642,000 -192,517,000 -203,715,000 -261,582,000 -289,888,000 -290,064,000 0 -185,082,000 -121,907,000   
      free cash flows
    		-955,468,000 -1,012,904,000 -622,765,000 -796,076,000 -674,478,000 -747,191,000 -706,099,000 -904,073,000 -1,062,846,000 -938,403,000 -859,530,000 -513,628,000 -679,731,000 -434,639,000   
      cash flows from investing activities:
    		                
      purchases of property, plant and equipment
    		-198,818,000 -182,663,000 -161,241,000 -234,315,000 -198,197,000 -272,642,000 -192,517,000 -203,715,000 -241,770,000 -289,888,000 -290,064,000      
      purchases of investments
    		0 -22,528,000 -287,029,000 -1,339,579,000 -514,548,000 -413,028,000 -1,438,001,000 -1,304,715,000 -842,538,000 -1,127,452,000 -1,307,454,000      
      proceeds from maturities of investments
    		451,968,000 899,194,000 1,062,291,000 1,257,603,000 1,030,291,000 1,240,320,000 498,081,000 941,338,000 1,041,151,000 1,024,361,000       
      proceeds from sale of investments
    		     0 0 135,144,000 13,244,000        
      other investing activities
    		     0 0          
      net cash from investing activities
    		255,118,000 694,003,000 614,021,000 -311,291,000 317,546,000 652,150,000 -1,132,437,000 -437,972,000 -28,716,000 -392,656,000 -1,374,898,000 -1,729,041,000 -185,082,000 -121,399,000   
      cash flows from financing activities:
    		                
      proceeds from issuance of series a redeemable convertible preferred stock to a related party
    		                
      proceeds from issuance of series b redeemable convertible preferred stock to a related party
    		                
      payments of issuance costs for series a redeemable convertible preferred stock
    		                
      payments of issuance costs for series b redeemable convertible preferred stock
    		                
      proceeds from issuance of common stock under 2025 subscription agreement
    		                
      payment of issuance costs for the 2025 subscription agreement
    		                
      proceeds from issuance of 2030 notes
    		0                
      payment of transaction costs for the issuance of 2030 notes
    		-166,000                
      purchase of capped call options
    		0                
      repurchase of 2026 notes
    		0                
      proceeds from borrowings from a related party
    		79,976,000 39,989,000 66,656,000              
      repayment of borrowings to a related party
    		                
      proceeds from exercise of stock options
    		626,000 861,000 413,000 786,000 1,525,000 3,022,000 2,214,000 2,926,000 2,181,000 3,050,000 1,889,000 3,735,000 9,114,000 2,105,000   
      proceeds from employee stock purchase plan
    		0     8,747,000 0   11,680,000 0      
      tax withholding payments for net settlement of employee awards
    		-3,060,000 -6,172,000 -3,277,000 -2,070,000 -3,242,000 -2,910,000 -4,327,000 -3,879,000 -6,499,000        
      payment for finance lease liabilities
    		-1,046,000 -822,000 -554,000 -848,000 -1,081,000 -891,000 -1,455,000 -1,652,000 -1,427,000 -1,372,000 -1,204,000 -1,200,000 -1,201,000 -1,173,000   
      payment for credit facility issuance costs
    		         0 0      
      net cash from financing activities
    		376,052,000 78,945,000 62,731,000 2,363,000 997,202,000 27,959,000 35,086,000 3,013,615,000 -5,745,000 1,512,801,000 17,643,000 4,092,000 -187,301,000 1,899,585,000   
      net increase in cash, cash equivalents, and restricted cash
    		-125,480,000 -57,293,000 248,139,000 -815,915,000 798,003,000     471,630,000   -867,032,000 1,465,454,000   
      beginning cash, cash equivalents, and restricted cash
    		0 0 1,607,052,000 0 1,371,507,000 0 0 0 1,737,320,000 0 0 0 6,298,020,000 0   
      ending cash, cash equivalents, and restricted cash
    		-125,480,000 -57,293,000 1,855,191,000 -815,915,000 2,169,510,000 205,560,000 -1,610,933,000 1,875,285,000 901,595,000 471,630,000 -1,926,721,000 -2,238,577,000 5,430,988,000 1,465,454,000   
      other current assets
    		 -32,874,000 45,299,000 -26,224,000 3,914,000 -8,922,000 -4,808,000 -3,705,000 22,193,000 -10,329,000 -1,063,000 17,426,000 -49,625,000 -23,003,000   
      other noncurrent assets
    		 -22,338,000 -45,911,000 -19,023,000 -4,369,000 -8,000,000 -4,032,000 -82,421,000 -27,337,000 -4,148,000 -11,526,000      
      other current liabilities
    		 1,076,000 116,845,000 -36,320,000 -3,040,000 -27,675,000 -625,000 -50,591,000 7,211,000 -12,159,000 102,001,000      
      other long-term liabilities
    		 8,337,000 14,827,000 52,697,000 19,025,000 49,454,000 5,644,000 16,009,000 4,340,000 10,837,000 12,396,000 5,894,000 1,901,000 -9,870,000   
      payment for credit facility issuance costs to a related party
    		 0 -507,000              
      supplemental disclosure of cash flow information:
    		                
      cash paid for interest, net of amounts capitalized
    		  4,321,000 10,556,000 1,031,000   10,450,000 857,000        
      cash paid for taxes
    		   33,000 9,000            
      supplemental disclosure of non-cash investing and financing activity:
    		                
      increases (decreases) in purchases of property, plant and equipment included in accounts payable and other current liabilities
    		  -32,911,000 -54,774,000 40,464,000            
      government grant (related party) reflected in property, plant and equipment
    		                
      property, plant and equipment and right-of-use assets obtained through leases
    		  27,813,000 3,065,000 4,327,000   17,705,000 3,862,000        
      proceeds from government grant
    		         0       
      proceeds from issuance of common stock under 2024 underwriting agreement, net of issuance costs
    		                
      proceeds from issuance of common stock under 2024 subscription agreement to a related party, net of issuance costs
    		                
      proceeds from issuance of common stock under 2023 underwriting agreement, net of issuance costs
    		                
      proceeds from issuance of common stock under 2023 subscription agreement to a related party, net of issuance costs
    		                
      proceeds from issuance of common stock under at-the-market offering, net of issuance costs
    		                
      proceeds from issuance of common stock under 2022 subscription agreement to a related party
    		                
      payment for short-term insurance financing note
    		         0 0 -2,381,000 -12,949,000 -11,068,000   
      proceeds from failed sale-leaseback transaction
    		         0       
      increases
    		                
      equity securities obtained through strategic technology arrangement
    		                
      change in fair value of derivative liability associated with series a redeemable convertible preferred stock
    		                
      accrued compensation
    		   36,733,000 8,147,000 30,953,000 -7,460,000 -15,866,000 21,545,000 14,314,000 -6,542,000 26,793,000 -3,607,000 3,415,000   
      proceeds from issuance of common stock under underwriting agreement, net of issuance costs
    		     0 0          
      repayment of borrowings from a related party
    		                
      proceeds from issuance of redeemable convertible preferred stock to a related party
    		    1,000,000,000            
      change in fair value of contingent forward contract liability
    		             0   
      change in fair value of preferred stock warrant liability
    		             0   
      change in fair value of equity securities
    		                
      proceed from issuance of convertible notes, net of issuance costs
    		                
      payment of transaction costs for the issuance of convertible notes
    		                
      proceeds from issuance of common stock under 2023 subscription agreement, net of issuance costs
    		     0 0          
      proceeds from issuance of common stock under 2022 subscription agreement
    		                
      proceeds from short-term insurance financing note
    		             0   
      proceeds from borrowings
    		     19,991,000 38,654,000   9,590,000 13,565,000      
      repayments for borrowings
    		         -13,570,000       
      repurchase of series b convertible preferred stock
    		             0   
      proceeds from issuance of series d convertible preferred stock
    		             0   
      proceeds from issuance of series e convertible preferred stock
    		             0   
      proceeds from the exercise of public warrants
    		             0   
      proceeds from the reverse capitalization
    		                
      payment of transaction costs related to the reverse recapitalization
    		             -34,054,000   
      treasury stock repurchase
    		                
      net decrease in cash, cash equivalents, and restricted cash
    		     205,560,000   -835,725,000        
      purchases of property, plant and equipment included in accounts payable and other current liabilities
    		                
      issuance of series d convertible preferred stock upon exercise of preferred stock warrants
    		                
      issuance of series e convertible preferred stock contingent forward contracts
    		                
      capital contribution upon forfeit of series e awards
    		                
      issuance of series e convertible preferred stock upon settlement of contingent forward contracts
    		                
      issuance of common stock upon conversion of preferred stock in connection with the reverse recapitalization
    		                
      operating lease liabilities
    		      -5,788,000          
      supplemental disclosure of non-cash investing and financing activities:
    		                
      cash flows from operating activities
    		                
      operating lease liability
    		        -5,837,000 -4,721,000 -3,817,000 -3,845,000 -3,099,000 -5,503,000   
      proceeds from insurance claims
    		        1,197,000        
      decrease in purchases of property, plant and equipment included in accounts payable and other current liabilities
    		        -19,812,000        
      proceeds from sale of property, plant and equipment
    		                
      proceeds from sale of short term investments
    		                
      proceeds from issuance of common stock under subscription agreement
    		                
      payment for capital lease liabilities
    		                
      repurchase of series c convertible preferred stock
    		                
      stock repurchases from employees for tax withholdings
    		         -5,894,000 -21,654,000 -8,976,000 -182,265,000    
      amortization of debt discounts and issuance costs
    		           1,154,000 1,255,000    
      inventory write-downs
    		                
      proceed from sale of property, plant and equipment
    		                
      loss on disposal of property and equipment
    		             -4,000   
      write-down of inventory
    		            96,366,000    
      other noncurrent assets and security deposit
    		            -11,175,000 11,750,000   
      other liabilities and accrued liabilities
    		            128,060,000 47,622,000   
      purchases of property, equipment, and software
    		            -185,082,000 -121,907,000   
      cash paid for interest
    		            312,000    
      property and equipment included in accounts payable and accrued expense
    		            -2,753,000    
      property and equipment and right-of-use assets obtained through leases
    		            10,008,000    
      amortization of debt discount
    		                
      financed insurance premium
    		             0   
      proceed from sale of property, equipment, and software
    		             3,000   
      proceeds from the reverse recapitalization
    		             0   
      issuance of series d convertible preferred stock upon settlement of contingent forward contracts
    		                
      transaction costs related to the reverse recapitalization not yet paid
    		                
      ​
    		                
      change in fair value of derivative liabilities
    		                
      interest expense - excess fair value of conversion liability
    		                
      interest earned on marketable securities held in trust account
    		                
      prepaid expenses and other current assets
    		                
      accounts payable and accrued expenses
    		                
      income taxes payable
    		                
      proceeds from issuance of class b common stock to sponsor
    		                
      proceeds from promissory note – related party
    		                
      payment of convertible promissory note – related party
    		                
      net cash from used in financing activities
    		                
      net change in cash
    		                
      cash – beginning of period
    		                
      cash – ending of period
    		                
      non-cash investing and financing activities:
    		                
      offering costs included in accrued offering costs
    		                
      change in value of class a common stock subject to possible redemption
    		                
      initial classification of conversion option liability
    		                
      class a common stock subject to possible redemption
    		                
      numerator: earnings allocable to class a common stock subject to possible redemption
    		                
      interest income
    		              177,326  
      unrealized gain on investments held in trust account
    		              3,956  
      less: company’s portion available to be withdrawn to pay taxes
    		              -73,578  
      less: company’s portion available to be withdrawn for working capital purposes
    		              -107,704  
      net income allocable to class a common stock subject to possible redemption
    		                
      denominator: weighted-average class a common stock subject to possible redemption
    		                
      basic and diluted weighted-average shares outstanding, class a common stock subject to possible redemption
    		              196,306,266  
      basic and diluted net income per share, class a common stock subject to possible redemption
    		              0  
      non-redeemable common stock
    		                
      numerator: net income minus net earnings
    		                
      less: income allocable to class a common stock subject to possible redemption
    		                
      non-redeemable net income
    		              -871,798,158  
      denominator: weighted-average non-redeemable common stock
    		                
      basic and diluted weighted-average shares outstanding, non-redeemable common stock
    		              65,318,734  
      basic and diluted net income per share, non-redeemable common stock
    		              -13.35  
      less: income attributable to shares subject to possible redemption
    		                
      adjusted net income
    		               -156,614 
      weighted-average shares outstanding, basic and diluted
    		               51,122,554 
      basic and diluted net income per common share
    		               0 
      less: net income allocable to class a common stock subject to possible redemption
    		                
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.