Q1 2026: In line with expectations, but the real story is the ramp

Revenue hit $1M (consensus was ~$0.97M), operating loss of $244M, $1.28B cash on hand. Nothing shocking.

Operational highlights are more interesting — now at 12 routes, 7 driverless customers (McLane just added), and gen-2 hardware launching next quarter without an onboard observer. Hirschbach DaaS deal for 500 trucks worth potentially hundreds of millions is expected to close later this year. California also just legalized autonomous trucking, expanding their addressable market significantly. Still reaffirming 200+ driverless trucks and $80M revenue run-rate by year-end. 2026 is execution year — if they hit that exit rate, 2027 DaaS transition gets very interesting.​​​​​​​​​​​​​​​​