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
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Cash Flow
🚨 Price Alert: The stock price jumped by 19.69% after the earning call.