XML 19 R3.htm IDEA: XBRL DOCUMENT v3.25.4
Consolidated balance sheets - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 93,548 $ 163,767
Short-term investments 354,126 796,106
Restricted cash 9,842 2,327
Trade receivables, net 89,435 74,226
Receivables and prepaid expenses 58,669 35,063
Inventories 41,111 35,086
Total current assets 646,731 1,106,575
Long-term assets:    
Property and equipment, net 77,606 77,660
Field equipment, net 22,066 14,811
Right-of-use assets 47,327 27,120
Other long-term assets 10,596 14,618
Total long-term assets 157,595 134,209
Total assets 804,326 1,240,784
Current liabilities:    
Convertible note 0 558,160
Trade payables 122,231 105,086
Other payables, lease liabilities and accrued expenses 100,997 93,148
Total current liabilities 223,228 756,394
Long-term liabilities:    
Senior secured credit facility, net 195,047 97,300
Long term leases 41,647 19,971
Employee benefit liabilities 3,938 6,940
Total long-term liabilities 240,632 124,211
Total liabilities 463,860 880,605
Commitments and contingencies
Shareholders’ equity:    
Ordinary shares - No par value, Unlimited shares authorized; Issued and outstanding: 112,492,667 shares and 108,516,819 shares at December 31, 2025 and December 31, 2024 respectively; 0 0
Additional paid-in capital 1,634,264 1,519,809
Accumulated other comprehensive income (loss) (3,441) (5,500)
Retained earnings (accumulated deficit) (1,290,357) (1,154,130)
Total shareholders’ equity 340,466 360,179
Total liabilities and shareholders’ equity $ 804,326 $ 1,240,784