For the quarter ending 2026-03-31, PCTBP had -$67,918K decrease in cash & cash equivalents over the period. -$46,086K in free cash flow.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 |
|---|---|---|---|
| Net (loss)/income | -33,441 | -18,787 | -163,778 |
| Loss on extinguishment of debt | - | -4,394 | 0 |
| Equity-based compensation | 2,544 | 2,267 | 12,668 |
| Change in fair value of warrants | -22,997 | -63,623 | 1,881 |
| Change in fair value of derivative | - | 0 | 3,443 |
| Change in fair value of put option | -1,563 | - | - |
| Depreciation expense | 7,379 | 7,245 | 21,875 |
| Loss on disposal of equipment | - | -167 | -3,765 |
| Amortization of debt issuance costs and debt discounts | 6,572 | 6,427 | 17,335 |
| Impairment of operating right-of-use asset | - | - | 0 |
| Deferred taxes | - | 970 | - |
| Accretion of discount on debt securities | - | - | 0 |
| Write-down of long-lead equipment | - | 15,070 | - |
| Other | - | 144 | -938 |
| Operating lease amortization expense | 1,169 | 1,148 | 3,398 |
| Accounts receivable, net | 1,818 | 412 | 1,595 |
| Inventory | -1,489 | -1,355 | 2,638 |
| Prepaid expenses and other current assets | -701 | -1,547 | 1,779 |
| Prepaid expenses and other noncurrent assets | -291 | 1,241 | -968 |
| Accounts payable | -2,280 | 4,599 | -2,062 |
| Accrued expenses and other current liabilities | -2,218 | 8,852 | -578 |
| Accrued interest | -689 | 2,465 | 1,820 |
| Other noncurrent liabilities | - | - | 0 |
| Operating lease right-of-use liabilities | -919 | -987 | -2,827 |
| Net cash used in operating activities | -42,654 | -28,688 | -114,052 |
| Purchase of property, plant and equipment | 3,432 | 13,343 | 27,504 |
| Purchase of debt securities, available for sale | 31,668 | 13,621 | 0 |
| Sale and maturity of debt securities, available for sale | 14,450 | 0 | 0 |
| Net cash used in investing activities | -20,650 | -26,964 | -27,504 |
| Proceeds from issuance of series b convertible perpetual preferred stock-Series B | - | 0 | 300,000 |
| Proceeds from issuance of series a preferred shares, inclusive of put option-Series APreferred Stock | - | 0 | 0 |
| Proceeds from issuance of common stock | 0 | 0 | 33,462 |
| Proceeds from issuance of revenue bonds | 0 | 0 | 16,808 |
| Proceeds from issuance of revenue bonds-Related Party | - | 10,032 | 10,063 |
| Payments on related party revenue bonds | - | 9,820 | 535 |
| Payment to purchase revenue bonds | - | 0 | 0 |
| Proceeds from revolving credit facility and related party note payable-Related Party | - | 0 | 14,900 |
| Payments on revolving credit facility and related party note payable-Related Party | - | 0 | 14,900 |
| Proceeds from issuance and exercise of warrants | - | 0 | 6,616 |
| Proceeds from equipment lease financing | - | 0 | 0 |
| Proceeds from exercise and issuance of warrants | 230 | - | - |
| Payments on equipment financing | 1,136 | 21,059 | 7,663 |
| Debt and preferred stock issuance costs | - | 1,096 | 7,624 |
| Payments to repurchase shares | 2,223 | 401 | 4,527 |
| Proceeds from convertible note offering | - | 0 | - |
| Other financing activities | -1,485 | -1,223 | 698 |
| Net cash (used in)/provided by financing activities | -4,614 | -23,567 | 347,298 |
| Net decrease in cash and restricted cash | -67,918 | -79,219 | 205,742 |
| Cash and cash equivalents and restricted cash, beginning of period | 168,034 | 247,253 | 41,511 |
| Cash and cash equivalents and restricted cash, end of period | 100,116 | 168,034 | 247,253 |