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CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY - USD ($)
$ in Thousands
Total
Ordinary shares
Additional paid-in capital
Accumulated other comprehensive income (loss)
Retained earnings (accumulated deficit)
Beginning balance (in shares) at Dec. 31, 2023   107,075,754      
Beginning balance at Dec. 31, 2023 $ 362,496   $ 1,353,468 $ (5,469) $ (985,503)
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Share-based compensation to employees 34,084   34,084    
Exercise of options and vested RSUs (in shares)   528,020      
Exercise of options and vested RSUs 213   213    
Other comprehensive income (loss), net of tax benefit of $0 1,322     1,322  
Net income (loss) (38,760)       (38,760)
Ending balance (in shares) at Mar. 31, 2024   107,603,774      
Ending balance at Mar. 31, 2024 359,355   1,387,765 (4,147) (1,024,263)
Beginning balance (in shares) at Dec. 31, 2023   107,075,754      
Beginning balance at Dec. 31, 2023 362,496   1,353,468 (5,469) (985,503)
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net income (loss) (72,135)        
Ending balance (in shares) at Jun. 30, 2024   108,013,830      
Ending balance at Jun. 30, 2024 361,750   1,422,903 (3,515) (1,057,638)
Beginning balance (in shares) at Dec. 31, 2023   107,075,754      
Beginning balance at Dec. 31, 2023 362,496   1,353,468 (5,469) (985,503)
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net income (loss) (168,627)        
Ending balance (in shares) at Dec. 31, 2024   108,516,819      
Ending balance at Dec. 31, 2024 360,179   1,519,809 (5,500) (1,154,130)
Beginning balance (in shares) at Mar. 31, 2024   107,603,774      
Beginning balance at Mar. 31, 2024 359,355   1,387,765 (4,147) (1,024,263)
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Share-based compensation to employees 31,830   31,830    
Proceeds from issuance of shares (in shares)   178,668      
Proceeds from issuance of shares 2,187   2,187    
Exercise of options and vested RSUs (in shares)   231,388      
Exercise of options and vested RSUs 1,121   1,121    
Other comprehensive income (loss), net of tax benefit of $0 632     632  
Net income (loss) (33,375)       (33,375)
Ending balance (in shares) at Jun. 30, 2024   108,013,830      
Ending balance at Jun. 30, 2024 361,750   1,422,903 (3,515) (1,057,638)
Beginning balance (in shares) at Dec. 31, 2024   108,516,819      
Beginning balance at Dec. 31, 2024 360,179   1,519,809 (5,500) (1,154,130)
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Share-based compensation to employees 29,552   29,552    
Exercise of options and vested RSUs (in shares)   2,965,781      
Exercise of options and vested RSUs 5,247   5,247    
Other comprehensive income (loss), net of tax benefit of $0 1,299     1,299  
Net income (loss) (34,319)       (34,319)
Ending balance (in shares) at Mar. 31, 2025   111,482,600      
Ending balance at Mar. 31, 2025 361,958   1,554,608 (4,201) (1,188,449)
Beginning balance (in shares) at Dec. 31, 2024   108,516,819      
Beginning balance at Dec. 31, 2024 360,179   1,519,809 (5,500) (1,154,130)
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net income (loss) (74,458)        
Ending balance (in shares) at Jun. 30, 2025   111,798,690      
Ending balance at Jun. 30, 2025 349,441   1,583,138 (5,109) (1,228,588)
Beginning balance (in shares) at Mar. 31, 2025   111,482,600      
Beginning balance at Mar. 31, 2025 361,958   1,554,608 (4,201) (1,188,449)
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Share-based compensation to employees 26,143   26,143    
Proceeds from issuance of shares (in shares)   141,192      
Proceeds from issuance of shares 2,136   2,136    
Exercise of options and vested RSUs (in shares)   174,898      
Exercise of options and vested RSUs 251   251    
Other comprehensive income (loss), net of tax benefit of $0 (908)     (908)  
Net income (loss) (40,139)       (40,139)
Ending balance (in shares) at Jun. 30, 2025   111,798,690      
Ending balance at Jun. 30, 2025 $ 349,441   $ 1,583,138 $ (5,109) $ (1,228,588)