Income taxes (Tables)

12 Months Ended

Dec. 31, 2024

Income Tax Disclosure [Abstract]

Schedule of Income Before Income Taxes

a. For financial reporting purposes, income (loss) before income taxes includes the following components:

	December 31,
	2022		2023		2024
Canadian	$	279,771	$	(146,322)	$	(189,474)
Foreign	(40,672)		(27,707)		(10,921)
Total	$	239,099	$	(174,029)	$	(200,395)

Schedule of Expense (Benefit) for Income Taxes

The expense (recovery) for income taxes consists of:

	December 31,
	2022		2023		2024
Current
Canadian	$	81,392	$	(29,591)	$	(18,460)
Foreign	1,300		—		671
	82,692		(29,591)		(17,789)
Deferred and other
Canadian	2,322		4,526		749
Foreign	(4,434)		(2,566)		(20,498)
	(2,112)		1,960		(19,749)
Income tax expense (recovery)	$	80,580	$	(27,631)	$	(37,538)

	December 31,
	2022		2023		2024
Current tax expense (recovery)	$	82,692	$	(29,591)	$	(17,789)
Deferred tax expense (recovery)	(2,112)		1,960		(19,749)
Total tax expense (recovery)	$	80,580	$	(27,631)	$	(37,538)

Schedule of Reconciliation Between Expected Tax Rate on Income From Operations and Statutory Tax Rate

b. The consolidated effective income tax rate differs from the expected Canadian statutory tax rate of 27% (2022, 2023, 2024: 27%). Reconciliation between the expected tax rate on income from operations and the statutory tax rate was as follows:

	December 31,
	2022			2023			2024
Net earnings (loss) before income taxes	$	239,099		$	(174,029)		$	(200,395)
Combined statutory tax rate	27		%	27		%	27		%
Expected income tax expense (recovery) at statutory rates	64,557			(46,988)			(54,107)
Stock-based compensation	11,710			17,081			18,226
Change in valuation allowance	8,318			11,485			15,205
Tax rate differential	(1,911)			(1,042)			1,077
Prior year tax assessments and adjustments	3,529			(344)			774
Change due to SR&ED	(5,908)			(7,428)			(8,224)
Gain on contingent consideration	—			—			(12,771)
Capital treatment of items	—			—			2,205
Other	285			(395)			77
Income tax expense (recovery)	$	80,580		$	(27,631)		$	(37,538)

Schedule of Deferred Income Tax Assets and Liabilities

c. Deferred income tax assets (“DTAs”) and liabilities (“DTLs”) result from the temporary differences between assets and liabilities recognized for financial statement and income tax purposes. The significant components of the Company’s deferred income tax assets and liabilities were as follows:

	December 31,
	2023		2024
Deferred tax assets
Government contributions	$	25,630	$	33,308
Financing fee	3,092		1,352
Operating lease liability	17,211		15,648
Net operating losses carried forward	7,256		15,631
Research and development expenditures and related credits	24,303		33,566
Other	3,725		4,036
	81,217		103,541
Deferred tax liabilities
Property and equipment	$	(17,303)	$	(20,777)
Intangibles	(30,117)		(9,592)
Operating lease right-of-use assets	(16,569)		(15,862)
Other	(13,186)		(17,453)
	(77,175)		(63,684)
	4,042		39,857
Less: valuation allowance	(33,840)		(49,909)
Net deferred tax liability	(29,798)		(10,052)
Deferred tax asset	814		—
Deferred tax liability	(30,612)		(10,052)
Net deferred tax assets (liability)	$	(29,798)	$	(10,052)