Basic and diluted net income (loss) per ordinary share

6 Months Ended

Jun. 30, 2025

Basic and diluted net income (loss) per ordinary share

Basic net income (loss) per share is computed based on the weighted average number of ordinary shares outstanding during each period. Diluted net income per share is computed based on the weighted average number of ordinary shares outstanding during the period, plus potential dilutive shares (deriving from options, RSUs, PSUs, Notes and the ESPP) considered outstanding during the period, in accordance with ASC 260-10 "Earnings Per Share", as determined under the treasury stock or if-converted method, as applicable.

The following table sets forth the computation of the Company’s basic and diluted net income (loss) per ordinary share:


	Three months ended June 30,				Six months ended June 30,				Year ended December 31, 2024
	2025		2024		2025		2024
	Unaudited				Unaudited				Audited
Net income (loss) attributable to ordinary shares as reported used in computing basic and diluted net income (loss) per share	$	(40,139)	$	(33,375)	$	(74,458)	$	(72,135)	$	(168,627)






Weighted average number of ordinary shares used in computing diluted net income (loss) per share	111,572,191		107,700,284		110,930,576		107,483,241		107,834,368

Potentially anti-dilutive shares that were excluded from the computation of basic net income (loss) per share:
Options	9,069,460		9,931,469		8,902,549		9,112,573		9,558,506
RSUs and PSUs	4,365,034		3,918,515		4,899,273		3,284,521		4,560,415
ESPP	141,192		178,668		141,192		178,668		222,451
Weighted anti-dilutive shares outstanding which were not included in the diluted calculation	13,575,686		14,028,652		13,943,014		12,575,762		14,341,372

Basic and diluted net income (loss) per ordinary share	$	(0.36)	$	(0.31)	$	(0.67)	$	(0.67)	$	(1.56)