Basic and diluted net income (loss) per ordinary share

3 Months Ended

Mar. 31, 2026

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 March 31,			Year ended December 31, 2025
		2026				2025
	Unaudited			Audited
Net income (loss) attributable to ordinary shares as reported used in computing basic and diluted net income (loss) per share		$	(71,138)	$	(34,319)		$	(136,227)






Weighted average number of ordinary shares used in computing diluted net income (loss) per share		114,149,838		110,281,832			111,471,991

Potentially anti-dilutive shares that were excluded from the computation of basic net income (loss) per share:
Options		8,673,393		5,736,344			9,297,875
RSUs and PSUs		5,208,096		5,474,032			4,781,731
ESPP		105,815		72,059			208,854
Weighted anti-dilutive shares outstanding which were not included in the diluted calculation		13,987,304		11,282,435			14,288,460

Basic and diluted net income (loss) per ordinary share		$	(0.62)	$	(0.31)		$	(1.22)