Cash and Cash Equivalents (Tables)

3 Months Ended

Mar. 31, 2025

Cash and Cash Equivalents [Abstract]

Schedule of Cash and Cash Equivalents

The following table presents the Company’s cash and cash equivalents ($ in thousands):

	March 31, 2025	December 31, 2024
Cash	756,089	448,508
Cash equivalents (i)	1,174	1,159
	757,263	449,667
Denominated in:
US$	734,857	429,887
Renminbi (“RMB”) (ii)	21,245	18,979
Hong Kong dollar (“HK$”)	306	114
Australian dollar (“A$”)	521	522
Taiwan dollar (“TW$”)	334	165
	757,263	449,667

(i)Cash equivalents represent short-term and highly liquid investments in a money market fund.

(ii)Certain cash and bank balances denominated in RMB were deposited with banks in mainland China. The conversion of these RMB-denominated balances into foreign currencies is subject to the rules and regulations of foreign exchange control promulgated by the Chinese government.