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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 199,163 $ 142,712
Marketable securities (note 5) 349,723 484,193
Other receivables 1,371 1,469
Prepaid expenses and other current assets 10,392 6,890
Total current assets 560,649 635,264
Marketable securities, long-term (note 5) 37,152 127,496
Operating lease right-of-use asset, net (note 7) 6,626 7,939
Property, plant and equipment, net (note 6) 8,721 10,278
Deferred tax assets (note 14) 12,864 9,666
Prepaid expenses, long-term 7,151 7,496
Total assets 633,163 798,139
Current liabilities:    
Accounts payable and accrued liabilities (note 8) 40,260 34,221
Operating lease liability (note 7) 1,532 1,369
Total current liabilities 41,792 35,590
Operating lease liability, long-term (note 7) 6,412 7,646
Other liabilities, long-term 3,199 0
Total liabilities 51,403 43,236
Shareholders’ equity:    
Common shares, without par value; unlimited shares authorized; issued and outstanding: 80,010,790 (December 31, 2024 - 76,413,086) (note 9) 1,598,571 1,456,836
Additional paid-in capital 228,234 199,149
Accumulated deficit (1,245,380) (899,470)
Accumulated other comprehensive income (loss) 335 (1,612)
Total shareholders' equity 581,760 754,903
Total liabilities and shareholders’ equity 633,163 798,139
Commitments and contingencies (note 12)