🚨 Price Alert: The stock price jumped by 19.69% after the earning call.
Cash Flow Overview
Change in Cash
$41,246K
Free Cash flow
-$1,476,058K
Unit: Thousand (K) dollars
Positive Cash Flow Breakdown
Proceeds from issuance of series...
Proceeds from borrowings from re...
Inventory and firm purchase comm...
Others
Negative Cash Flow Breakdown
Proceeds from issuance of 2030 n...
Inventory
Purchases of property, plant and...
Others
Cash Flow
2026-06-30
2026-03-31
2025-12-31
2025-09-30
Net loss
-1,034,851
-1,028,344
-814,020
-978,428
Depreciation and amortization
122,222
116,412
122,106
120,090
Amortization of insurance premium
9,991
9,296
8,446
9,536
Non-cash operating lease cost
18,035
15,162
14,841
12,928
Stock-based compensation
46,609
61,030
72,386
115,055
Inventory and firm purchase commitments write-downs
299,271
228,317
280,608
190,664
Change in fair value of common stock warrant liability
0
0
-887
-444
Change in fair value of equity securities of a related party
549
-10,221
-7,196
916
Change in fair value of derivative liabilities and subscription agreements associated with redeemable convertible preferred stock (related party)
102,790
7,375
266,425
-36,375
Net accretion of investment discounts/premiums
149
941
1,953
2,616
Gain on extinguishment of debt
0
-
5,405
0
Other non-cash items
-4,945
2,805
-10,007
-719
Accounts receivable (including (66,041) and (5,599) from a related party for the six months ended june30, 2026 and 2025, respectively)
93,104
-44,835
39,167
13,263
Inventory
269,157
576,397
416,471
446,557
Prepaid expenses
18,573
12,099
9,929
4,366
Other assets
-45,155
127,445
22,480
132,786
Accounts payable
-127,253
-11,112
74,128
185,815
Other liabilities
-122,033
95,586
70,611
236,805
Net cash used in operating activities
-1,222,231
-1,185,659
-916,408
-756,650
Purchases of property, plant and equipment (including (117,355) and (67,668) from a related party for the six months ended june30, 2026 and 2025, respectively)
-7,856
-
-
57,543
Purchases of property, plant and equipment (including (117,355) and (67,668) from a related party for the six months ended june30, 2026 and 2025, respectively)
253,827
253,167
325,436
198,818
Proceeds from maturities of investments (including 50,000 and nil from a related party for the six months ended june30, 2026 and 2025, respectively)
35,000
-
-
15,000
Proceeds from maturities of investments (including 50,000 and nil from a related party for the six months ended june30, 2026 and 2025, respectively)
0
177,228
240,637
451,968
Proceeds from sale of investments
0
951,125
0
-
Proceeds from government grant
-
-
0
-
Purchases of investments (including (30,000) and (15,000) from a related party for the nine months ended september30, 2025 and 2024, respectively)
-
-
-
0
Other investing activities
-
-
-86
-1,968
Purchases of investments (including nil and (30,000) from a related party for the six months ended june30, 2026 and 2025, respectively)
28,512
0
0
0
Net cash provided by investing activities
-282,339
875,186
-84,713
255,118
Proceeds from issuance of redeemable convertible preferred stock to a related party-Series ARedeemable Convertible Preferred Stock
-
-
0
0
Payments of issuance costs for redeemable convertible preferred stock-Series ARedeemable Convertible Preferred Stock
-
-
0
0
Proceeds from issuance of redeemable convertible preferred stock to a related party-Series BRedeemable Convertible Preferred Stock
-
-
0
0
Proceeds from issuance of common stock-A2026Underwriting Agreement
292,500
-
-
-
Payments of issuance costs for redeemable convertible preferred stock-Series BRedeemable Convertible Preferred Stock
-
-
0
0
Payments of issuance costs-A2026Underwriting Agreement
579
-
-
-
Proceeds from issuance of common stock-A2025Subscription Agreement
-
-
0
300,000
Proceeds from issuance of common stock-A2026Subscription Agreement
200,000
-
-
-
Payments of issuance costs for the 2025 subscription agreement-A2025Subscription Agreement
-
-
0
278
Proceeds from issuance of series c redeemable convertible preferred stock to a related party-Series CRedeemable Convertible Preferred Stock
550,000
-
-
-
Proceeds from convertible debt-A2031Notes
-
-
975,000
-
Payments of issuance costs for series c redeemable convertible preferred stock-Series CRedeemable Convertible Preferred Stock
750
-
-
-
Payments of transaction costs-A2031Notes
1,165
-
11,675
-
Proceeds from issuance of 2030 notes
-1,100,000
-
-
0
Proceeds from convertible debt-A2030Notes
-
-
1,100,000
-
Payments of transaction costs and credit facility issuance costs to a related party-Nonrelated Party
-
-
-
166
Payments of transaction costs-A2030Notes
0
-
18,090
-
Purchase of capped calls
0
-
0
0
Repurchase of 2026 notes
0
-
748,176
0
Proceeds from issuance of common stock-A2024Underwriting Agreement
-
-
0
-
Proceeds from issuance of common stock-A2024Subscription Agreement
-
-
0
-
Proceeds from issuance of common stock-A2023Underwriting Agreement
-
-
0
-
Proceeds from issuance of common stock-A2023Subscription Agreement
-
-
0
-
Proceeds from borrowings from related parties
500,000
35,994
154,619
79,976
Repayment of borrowings to a related party
-
-
0
0
Proceeds from exercise of stock options
17
2,768
442
626
Proceeds from employee stock purchase plan
9,833
-
10,112
0
Tax withholding payments for net settlement of employee awards
206
1,105
402
3,060
Payment for finance lease liabilities
1,249
1,212
1,088
1,046
Payment for credit facility issuance costs to a related party
-
0
9,723
-
Payments of transaction costs and credit facility issuance costs to a related party-Related Party
-
-
-
0
Payments of transaction costs for the issuance of 2031 notes
-
1,165
-
-
Payments for credit facility issuance costs to related parties-Related Party
3,750
-
-
-
Net cash provided by financing activities
1,545,816
35,280
369,616
376,052
Net increase (decrease) in cash, cash equivalents, and restricted cash
41,246
-275,193
-631,505
-125,480
Beginning cash, cash equivalents, and restricted cash
765,720
1,040,913
1,855,191
1,855,191
Ending cash, cash equivalents, and restricted cash
806,966
765,720
1,040,913
1,672,418
Unit: Thousand (K) dollars (except for numbers of shares and EPS). Numbers labeled with * are estimated quarterly values.
Time Plot
Show the time plot by selecting a row from the table.