Annual report [Section 13 and 15(d), not S-K Item 405]

Segment Information (Tables)

v3.26.1
Segment Information (Tables)
12 Months Ended
Dec. 31, 2025
Segment Information  
Schedule of operations of the company's reportable segment

The following table reflects consolidated results of operations of the Company’s reportable segment (in thousands):

  ​ ​ ​

For the year ended

December 31, 

  ​ ​ ​

2025

  ​ ​ ​

2024

Net revenue

$

39,089

$

2,674

Cost of net revenue

 

8,689

 

2,298

Salaries, benefits, and stock based compensation expense

 

23,780

 

11,176

Other segment expenses

 

28,757

 

10,267

Depreciation and amortization expense

 

10,338

 

70

Interest expense, net

 

40,490

 

1,272

Other, net

 

6,024

 

29,000

Income tax expense

 

5

 

Net Loss

$

(78,994)

$

(51,409)

Schedule of net revenue by geographic region

For the year ended

December 31, 

(in thousands)

  ​ ​ ​

2025

  ​ ​ ​

2024

North America

$

36,450

$

523

Asia Pacific

 

2,144

 

1,469

Europe

495

683

Other

 

 

Total

$

39,089

$

2,674