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Employee benefit obligations (Tables)
12 Months Ended
Dec. 31, 2025
Retirement Benefits [Abstract]  
Schedule of Targeted Allocation for Funds The targeted allocation for these funds is as follows:
Asset Allocation by Category as of December 31, 2025:
Asset
allocation (%)
Asset Category:
Debt Securities23%
Real Estate24%
Equity Securities40%
Others13%
Total100%
Schedule of Change in Benefit Obligations
The following table sets forth the Swiss Plan’s funded status and amounts recognized in the consolidated financial statements for the year ended December 31, 2025 and 2024:
December 31,
 20252024
Change in Benefit Obligation
Projected benefit obligation at beginning of year$61,355 $51,057 
Interest cost646 703 
Company service cost4,887 4,202 
Employee contributions3,551 2,683 
Benefits paid30 2,772 
Actuarial loss10,548 (62)
Projected benefit obligation at end of year$81,017 $61,355 
Change in Plan Assets
Fair value of plan assets at beginning of year$54,816 $43,250 
Actual return on plan assets14,058 2,120 
Employer contributions5,092 3,991 
Employee contributions3,551 2,683 
Benefits paid30 2,772 
Fair value of plan assets at end of year$77,547 $54,816 
Funded Status at End of year
Excess of obligation over assets$3,470 $6,539 
Change in Accrued Benefit Liability
Accrued benefit liability at beginning of year$(6,539)$(7,807)
Company contributions made during year5,092 3,991 
Net periodic benefit cost for year(4,806)(3,308)
Net decrease (increase) in accumulated other comprehensive loss2,783 585 
Accrued benefit liability at end of year$(3,470)$(6,539)
December 31,
 20252024
Non-current plan assets$77,547 $54,816 
Non-current liability81,017 61,355 
Accrued benefit liability at end of year$(3,470)$(6,539)
Projected Benefit Payments
Projected year 1$1,950 $1,204 
Projected year 22,310 1,540 
Projected year 31,277 1,849 
Projected year 41,319 966 
Projected year 52,177 1,748 
Projected years 6-1034,993 24,374 
Schedule of Plan Assets Fair Value
Year ended
December 31,
 20252024
Net Periodic Benefit Cost  
Service cost$4,887 $4,202 
Interest cost (income)646 703 
Expected return on plan assets(1,740)(1,348)
Amortization of actuarial (gain) loss
229 426 
Amortization of prior service costs(144)(126)
Total net periodic benefit cost$3,878 $3,857 
Weighted average assumptions:
Discount rate as of December 311.30%0.90%
Expected long-term rate of return on assets3.10%2.60%
Rate of compensation increase1.00%1.00%
Mortality and disability assumptions   (*)
BVG 2020 GTBVG 2020 GT
(*) Mortality data used for actuarial calculation.