Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v3.22.4
Consolidated Statements of Operations - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Revenues:      
Total revenues $ 244,660 $ 190,544 $ 90,105
Cost of revenues:      
Depreciation on sharing vehicles 59,485 47,335  
Impairment of product sales inventory 31,769 0 0
Total cost of revenues 209,955 167,879 115,992
Gross margin:      
Total gross margin 34,705 22,665 (25,887)
Other operating expenses:      
General and administrative [1] 233,810 208,536 154,372
Selling and marketing [1] 16,318 17,906 18,404
Research and development [1] 40,111 31,426 34,376
Tariff reimbursement [1] 0 0 (24,986)
Impairment of assets [1] 215,822 0 0
Total operating expenses [1] 506,061 257,868 182,166
Loss from operations (471,356) (235,203) (208,053)
Interest expense, net (10,773) (6,073) (6,562)
Other income, net 125,398 26,561 5,946
Loss before income taxes (356,731) (214,715) (208,669)
Provision for income taxes 2,010 209 64
Net loss $ (358,741) $ (214,924) $ (208,733)
Net loss per share attributable to common stockholders, basic (in dollars per share) $ (1.29) $ (2.74) $ (5.59)
Net loss per share attributable to common stockholders, diluted (in dollars per share) $ (1.29) $ (2.74) $ (5.59)
Weighted-average shares of common stock, basic (in shares) [2] 277,997,031 84,260,800 37,366,609
Weighted-average shares of common stock, diluted (in shares) [2] 277,997,031 84,260,800 37,366,609
Sharing      
Revenues:      
Total revenues $ 231,334 $ 172,729 $ 75,445
Cost of revenues:      
Cost of revenue 106,547 103,204 69,485
Depreciation on sharing vehicles 59,485 47,335 23,791
Gross margin:      
Total gross margin 65,302 22,190 (17,831)
Product sales      
Revenues:      
Total revenues 13,326 17,815 14,660
Cost of revenues:      
Cost of revenue 12,154 17,340 22,716
Impairment of product sales inventory 31,769 0 0
Gross margin:      
Total gross margin $ (30,597) $ 475 $ (8,056)
[1]
(1) Includes stock-based compensation expense as follows:
December 31,
2022 2021 2020
Cost of revenue $ —  $ —  $ 15 
General and administrative 80,148  78,735  4,372 
Selling and marketing 2,352  2,714  895 
Research and development 12,835  5,182  892 
Stock-based compensation expense $ 95,335  $ 86,631  $ 6,174 
[2] (2) Weighted-average shares have been retroactively restated to give effect to the Business Combination.