v3.26.1
CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS (Parenthetical) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Total revenues $ 519,098 $ 924,349 $ 679,008
Cost of revenues 473,888 894,723 576,827
Research and development expenses (including related parties amounts of US$63,011, US$107,669 and US$135,334 for the years ended December 31, 2025, 2024 and 2023, respectively) 170,960 274,801 368,729
Selling and marketing expenses (including related parties amounts of US$20,125, US$52,636 and US$40,531 for the years ended December 31, 2025, 2024 and 2023, respectively) 148,261 322,310 328,935
General and administrative expenses (including related parties amounts of US$4,227, US$10,873 and US$13,085 for the years ended December 31, 2025, 2024 and 2023, respectively) 135,850 227,475 144,533
Fair value changes of liabilities due to instrument-specific credit risk, income taxes 0 0 0
Foreign currency translation adjustment, income taxes 0 0 0
Interest expenses (including related parties amounts of US$39,109, US$19,504 and nil for the years ended December 31, 2025, 2024 and 2023, respectively) 63,338 58,218 10,200
Interest income (including related parties amounts of US$20,725, US$13,661 and US$122 for the years ended December 31, 2025, 2024 and 2023, respectively) 28,143 22,289 9,204
Net of income taxes 0 0 0
Goods      
Total revenues 462,802 891,061 660,158
Cost of revenues 430,031 867,061 564,741
Service      
Total revenues 56,296 33,288 18,850
Cost of revenues 43,857 27,662 12,086
Related party      
Research and development expenses (including related parties amounts of US$63,011, US$107,669 and US$135,334 for the years ended December 31, 2025, 2024 and 2023, respectively) 63,011 107,669 135,334
Selling and marketing expenses (including related parties amounts of US$20,125, US$52,636 and US$40,531 for the years ended December 31, 2025, 2024 and 2023, respectively) 20,125 52,636 40,531
General and administrative expenses (including related parties amounts of US$4,227, US$10,873 and US$13,085 for the years ended December 31, 2025, 2024 and 2023, respectively) 4,227 10,873 13,085
Interest expenses (including related parties amounts of US$39,109, US$19,504 and nil for the years ended December 31, 2025, 2024 and 2023, respectively) 39,109 19,504 0
Interest income (including related parties amounts of US$20,725, US$13,661 and US$122 for the years ended December 31, 2025, 2024 and 2023, respectively) 20,725 13,661 122
Related party | Goods      
Total revenues 5,933 18,162 3,432
Cost of revenues 349,247 774,002 549,893
Related party | Service      
Total revenues $ 29,045 $ 24,358 $ 12,573