7Baggers
Quarterly
Annual
    Unit: USD2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 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 2021-09-30 2021-06-30 2021-03-31 
      
    		                   
      assets
    		                   
      current assets
    		                   
      cash and cash equivalents
    		234,359,000 284,067,000 22,482,000 15,683,000 83,673,000 10,895,000 25,021,000 73,411,000 199,349,000 28,885,000 38,381,000  56,447,000 118,499,000      
      restricted cash – current
    		3,582,000 4,612,000 5,761,000 16,656,000 241,000 2,880,000 7,566,000  33,277,000 36,098,000 68,028,000 68,850,000 100,048,000 72,763,000 100,210,000 141,855,000    
      accounts receivable
    		1,595,000 2,126,000 1,494,000                 
      inventory
    		10,725,000 10,760,000 8,683,000 8,087,000 6,620,000 6,114,000              
      prepaid expenses and other current assets
    		15,185,000 13,320,000 11,242,000 13,473,000 10,962,000 12,039,000 16,397,000 15,316,000 12,689,000 10,867,000 7,375,000 4,883,000 6,032,000 6,284,000 3,191,000 2,712,000 2,793,000 3,345,000 2,216,000 
      total current assets
    		265,446,000 314,885,000 49,662,000 53,899,000 101,496,000 31,928,000 51,171,000 162,645,000 257,341,000 75,850,000 113,784,000 236,217,000 321,040,000 428,877,000 521,329,000 345,349,000 224,040,000 241,480,000 259,340,000 
      restricted cash – noncurrent
    		9,312,000 9,265,000 9,219,000                 
      operating lease right-of-use assets
    		54,957,000 55,966,000 56,141,000 56,833,000 27,318,000 27,245,000 28,785,000 29,799,000 30,050,000 29,891,000 18,939,000 19,136,000 19,607,000 11,846,000 13,953,000     
      property, plant and equipment
    		655,974,000 658,965,000 667,901,000 674,079,000 645,389,000 646,011,000 642,017,000 638,746,000 625,925,000 628,818,000 579,585,000 505,719,000 438,586,000 345,591,000 266,305,000 225,214,000 189,222,000 138,411,000 108,388,000 
      prepaid expenses and other noncurrent assets
    		3,434,000 3,391,000 4,415,000                 
      total assets
    		989,123,000 1,042,472,000 787,338,000 798,385,000 788,777,000 719,753,000 734,015,000 1,039,373,000 1,071,833,000 893,012,000 875,431,000 861,336,000 887,087,000 886,512,000 898,774,000 664,684,000 691,948,000 685,137,000 685,263,000 
      liabilities, mezzanine equity, and stockholders’ equity
    		                   
      current liabilities
    		                   
      accounts payable
    		4,408,000 11,585,000 6,760,000 6,596,000 2,333,000 4,241,000 8,363,000 2,881,000 6,847,000 10,861,000 22,577,000 1,667,000 7,100,000 5,126,000 1,841,000 1,401,000 2,084,000 601,000 1,481,000 
      accrued expenses and other current liabilities
    		23,494,000 23,874,000                  
      accrued interest
    		6,434,000 8,077,000 5,851,000 7,626,000 5,427,000 7,495,000 2,597,000 8,190,000 8,230,000 1,746,000 6,127,000 1,532,000 6,127,000 1,532,000 6,127,000 1,532,000 7,798,000 2,297,000 10,428,000 
      current portion of warrant liability
    		60,235,000 77,964,000 27,866,000 10,109,000 9,051,000               
      current portion of long-term debt
    		10,289,000 12,068,000 12,717,000 12,932,000 10,839,000 3,932,000 3,204,000 9,148,000 7,065,000 6,426,000          
      current portion of related party bonds payable
    		13,540,000 13,540,000 10,355,000 10,355,000 1,040,000 1,040,000              
      total current liabilities
    		118,400,000 147,108,000 90,610,000 90,877,000 58,283,000 47,638,000 43,570,000 55,610,000 51,966,000 54,356,000 70,606,000 38,301,000 45,797,000 33,386,000 27,298,000 38,459,000 54,267,000 43,200,000 30,626,000 
      noncurrent liabilities
    		                   
      deferred revenue
    		5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 
      long-term debt, less current portion
    		276,853,000 273,405,000 271,992,000 256,886,000 255,031,000 246,610,000 242,937,000 467,708,000 468,317,000 247,370,000          
      related party bonds payable, less current portion
    		78,405,000 76,542,000                  
      warrant liability, less current portion
    		62,258,000 68,810,000                  
      operating lease right-of-use liabilities
    		53,055,000 53,939,000 53,993,000 54,665,000 25,462,000 25,448,000 26,270,000 27,253,000 27,556,000 27,371,000 16,522,000 16,620,000 17,126,000 11,656,000 13,561,000     
      series a preferred stock liability
    		26,259,000                   
      other noncurrent liabilities
    		1,370,000 1,417,000 1,615,000                 
      total liabilities
    		621,600,000 649,543,000 549,125,000 617,936,000 547,361,000 428,142,000 397,176,000 619,137,000 630,267,000 458,792,000 387,860,000 350,453,000 368,550,000 335,545,000 335,593,000 283,149,000 361,813,000 358,339,000 343,917,000 
      commitments and contingencies
    		                   
      mezzanine equity
    		                   
      series b convertible perpetual preferred stock - 0.001 par value, 300 and no shares issued and outstanding as of september 30, 2025 and december 31, 2024, respectively
    		299,304,000                   
      stockholders' equity
    		                   
      common stock - 0.001 par value, 450,000 shares authorized; 180,191 and 173,566 shares issued and outstanding as of september 30, 2025 and december 31, 2024, respectively
    		180,000                   
      additional paid-in capital
    		865,444,000 867,706,000 862,593,000 813,573,000 809,996,000 769,494,000 766,519,000 764,344,000 761,466,000 758,999,000 755,774,000 753,885,000 752,559,000 750,056,000 746,806,000 539,423,000 468,421,000  455,475,000 
      accumulated other comprehensive (loss)/income
    		-251,000  -16,000                 
      accumulated deficit
    		-797,154,000 -768,784,000 -624,544,000 -633,376,000 -568,698,000 -478,059,000 -429,847,000 -344,240,000 -320,057,000 -324,943,000 -268,367,000 -242,525,000 -233,163,000 -198,215,000 -183,211,000 -157,779,000 -138,387,000  -114,246,000 
      total stockholders' equity
    		68,219,000 98,871,000 238,213,000 180,449,000 241,416,000 291,611,000 336,839,000 420,236,000 441,566,000 434,220,000 487,571,000 510,883,000 518,537,000 550,967,000 563,181,000 381,535,000 330,135,000   
      total liabilities, mezzanine equity, and stockholders’ equity
    		989,123,000 1,042,472,000                  
      preferred stock liability
    		 23,322,000 20,739,000 18,433,000 15,270,000               
      series b convertible perpetual preferred stock - 0.001 par value, 300 and no shares issued and outstanding as of june 30, 2025 and december 31, 2024, respectively
    		 294,058,000                  
      common stock - 0.001 par value, 450,000 shares authorized; 179,836 and 173,566 shares issued and outstanding as of june 30, 2025 and december 31, 2024, respectively
    		 180,000                  
      accumulated other comprehensive (loss)/ income
    		 -231,000                  
      liabilities and stockholders’ equity
    		                   
      accrued expenses
    		  27,061,000 43,259,000 29,593,000 30,930,000 29,406,000 35,391,000 29,824,000 35,323,000 41,902,000 35,102,000 32,570,000 26,728,000 19,330,000 35,526,000 44,385,000 40,266,000 18,452,000 
      related party bonds payable
    		  68,325,000 66,471,000 74,427,000 62,719,000              
      warrant liability
    		  36,851,000 120,090,000 104,392,000 38,494,000 36,003,000 22,059,000 38,214,000 87,031,000 60,718,000 55,883,000 66,265,000 51,381,000 55,876,000 6,113,000 9,530,000 17,899,000 18,258,000 
      commitment and contingencies
    		                   
      common shares - 0.001 par value, 450,000 shares authorized; 179,535 and 173,566 shares issued and outstanding as of march 31, 2025 and december 31, 2024, respectively
    		  180,000                 
      preferred shares - 0.001 par value, 25,000 shares authorized; 50 shares issued and outstanding as of march 31, 2025 and december 31, 2024, respectively
    		                   
      total liabilities and stockholders’ equity
    		  787,338,000 798,385,000 788,777,000 719,753,000 734,015,000 1,039,373,000 1,071,833,000 893,012,000 875,431,000 861,336,000 887,087,000 886,512,000 898,774,000 664,684,000 691,948,000   
      debt securities available for sale
    		      2,187,000 48,226,000 12,026,000   98,592,000 158,513,000 231,331,000 219,759,000 167,365,000 184,575,000 200,432,000  
      restricted cash – non-current
    		   9,172,000 9,739,000 9,680,000 7,353,000  151,513,000 151,345,000 157,466,000 94,781,000 101,023,000 93,788,000 91,663,000 88,586,000    
      prepaid expenses and other non-current assets
    		   4,402,000 4,835,000 4,889,000 4,689,000 4,772,000 7,004,000 7,108,000 5,657,000 5,483,000 6,831,000 6,410,000 5,524,000 5,535,000 5,807,000   
      non-current liabilities
    		                   
      related party note payable
    		      41,452,000 39,696,000 38,029,000 36,443,000          
      other non-current liabilities
    		   5,514,000 2,163,000 2,233,000 1,944,000 1,811,000 1,185,000 1,221,000 1,236,000 1,136,000 1,108,000 1,122,000 1,106,000 1,069,000 1,076,000   
      common shares - 0.001 par value, 450,000 shares authorized; 173,566 and 164,279 shares issued and outstanding as of december 31, 2024 and december 31, 2023
    		   174,000                
      preferred shares - 0.001 par value, 25,000 shares authorized; 50 and no shares issued and outstanding as of december 31, 2024 and december 31, 2023
    		                   
      accumulated other comprehensive income
    		   78,000 -55,000 11,000 2,000             
      put option liability
    		    7,333,000               
      common stock - 0.001 par value, 450,000 shares authorized; 173,494 and 164,279 shares issued and outstanding as of september 30, 2024 and december 31, 2023
    		    173,000               
      preferred stock - 0.001 par value, 25,000 shares authorized; 50 and no shares issued and outstanding as of september 30, 2024 and december 31, 2023
    		                   
      common shares - 0.001 par value, 250,000 shares authorized; 164,746 and 164,279 shares issued and outstanding as of june 30, 2024 and december 31, 2023
    		     165,000              
      preferred shares - 0.001 par value, 25,000 shares authorized; 0 shares issued and outstanding as of june 30, 2024 and december 31, 2023
    		                   
      common shares - 0.001 par value, 250,000 shares authorized; 164,612 and 164,279 shares issued and outstanding as of march 31, 2024 and december 31, 2023
    		      165,000             
      preferred shares - 0.001 par value, 25,000 shares authorized; 0 shares issued and outstanding as of march 31, 2024 and december 31, 2023
    		                   
      restricted cash and cash equivalents – current
    		       25,692,000            
      restricted cash and cash equivalents – non-current
    		       203,411,000            
      common shares - 0.001 par value, 450,000 shares authorized; 164,279 and 163,550 shares issued and outstanding as of december 31, 2023 and december 31, 2022
    		       164,000            
      accumulated other comprehensive loss
    		       -32,000 -7,000   -641,000 -1,023,000 -1,037,000 -577,000 -237,000 -17,000   
      common shares - 0.001 par value, 450,000 shares authorized; 164,059 and 163,550 shares issued and outstanding as of september 30, 2023 and december 31, 2022
    		        164,000           
      common shares - 0.001 par value, 450,000 shares authorized; 163,796 and 163,550 shares issued and outstanding as of june 30, 2023 and december 31, 2022
    		         164,000          
      bonds payable
    		          233,778,000  233,254,000 233,000,000 232,752,000  232,270,000 232,037,000 231,809,000 
      common shares - 0.001 par value, 250,000 shares authorized; 163,671 and 163,550 shares issued and outstanding as of march 31, 2023 and december 31, 2022
    		          164,000         
      cash
    		           63,892,000   198,169,000 33,417,000 36,672,000 37,703,000 252,549,000 
      bonds payable – non-current
    		           233,513,000    232,508,000    
      common shares - 0.001 par value, 250,000 shares authorized; 163,550 and 127,647 shares issued and outstanding as of december 31, 2022 and december 31, 2021
    		           164,000        
      common shares - 0.001 par value, 250,000 shares authorized; 163,509 and 127,647 shares issued and outstanding as of september 30, 2022 and december 31, 2021
    		            164,000       
      common shares - 0.001 par value, 250,000 shares authorized; 163,282 and 127,647 shares issued and outstanding as of june 30, 2022 and december 31, 2021
    		             163,000      
      common shares - 0.001 par value, 250,000 shares authorized; 163,234 and 127,647 shares issued and outstanding as of march 31, 2022 and december 31, 2021
    		              163,000     
      notes payable – current
    		                 36,000 265,000 
      notes payable – non-current
    		                   
      common shares - 0.001 par value, 250,000 shares authorized; 127,647 and 0 shares issued and outstanding as of december 31, 2021 and december 31, 2020
    		               128,000    
      class a units - no par value; 0 and 3,981 units authorized; 0 and 3,612 units issued and outstanding as of december 31, 2021 and december 31, 2020
    		                   
      class b preferred units - no par value; 0 and 1,938 units authorized; 0 and 1,938 units issued and outstanding as of december 31, 2021 and december 31, 2020
    		                   
      class b-1 preferred units - no par value; 0 and 1,146 units authorized, 0 and 1,105 units issued and outstanding as of december 31, 2021 and december 31, 2020
    		                   
      class c units – no par value; 0 and 1,069 units authorized, 0 and 865 units issued and 0 and 775 units outstanding as of december 31, 2021 and december 31, 2020
    		                   
      restricted cash
    		                272,879,000 300,871,000 317,535,000 
      notes payable
    		                59,670,000 59,203,000 57,224,000 
      common shares - 0.001 par value, 250,000 shares authorized; 118,251 and 0 shares issued and outstanding as of september 30, 2021 and december 31, 2020
    		                118,000   
      class a units - no par value; 0 and 3,981 units authorized; 0 and 3,612 units issued and outstanding as of september 30, 2021 and december 31, 2020
    		                   
      class b preferred units - no par value; 0 and 1,938 units authorized; 0 and 1,938 units issued and outstanding as of september 30, 2021 and december 31, 2020
    		                   
      class b-1 preferred units - no par value; 0 and 1,146 units authorized, 0 and 1,105 units issued and outstanding as of september 30, 2021 and december 31, 2020
    		                   
      class c units – no par value; 0 and 1,069 units authorized, 0 and 865 units issued and 0 and 775 units outstanding as of september 30, 2021 and december 31, 2020
    		                   
      prepaid royalties and licenses
    		                 4,375,000 4,575,000 
      deferred research and development obligation
    		                 1,000,000 1,000,000 
      common shares - 0.001 par value, 250,000 shares authorized; 117,339 and 0 shares issued and outstanding as of june 30, 2021 and december 31, 2020
    		                 117,000  
      class a units - no par value; 0 and 3,981 units authorized; 0 and 3,612 units issued and outstanding as of june 30, 2021 and december 31, 2020
    		                   
      class b preferred units - no par value; 0 and 1,938 units authorized; 0 and 1,938 units issued and outstanding as of june 30, 2021 and december 31, 2020
    		                   
      class b-1 preferred units - no par value; 0 and 1,146 units authorized, 0 and 1,105 units issued and outstanding as of june 30, 2021 and december 31, 2020
    		                   
      common shares - 0.001 par value, 250,000 shares authorized; 117,349 and 0 shares issued and outstanding as of march 31, 2021 and 2020, respectively
    		                  117,000 
      class a units - no par value; 0 and 3,981 units authorized; 0 and 3,612 units issued and outstanding as of march 31, 2021 and december 31, 2020
    		                   
      class b preferred units - no par value; 0 and 1,938 units authorized; 0 and 1,938 units issued and outstanding as of march 31, 2021 and december 31, 2020
    		                   
      class b-1 preferred units - no par value; 0 and 1,146 units authorized, 0 and 1,105 units issued and outstanding as of march 31, 2021 and december 31, 2020
    		                   
      class c units – no par value; 0 and 1,069 units authorized, 0 and 865 units issued and 0 and 775 units outstanding as of march 31, 2021 and december 31, 2020
    		                   
    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.