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CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - USD ($)
shares in Thousands, $ in Thousands
Ordinary shares
Additional Paid-In Capital
Accumulated Other Comprehensive Income (Loss)
Accumulated Deficit
Total
Beginning balance at Dec. 31, 2024 $ 17 $ 1,193,010 $ 914 $ (329,098) $ 864,843
Beginning balance (in shares) at Dec. 31, 2024 171,860        
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Issuance of ordinary shares upon exercise of vested share options   965     965
Issuance of ordinary shares upon exercise of vested share options (in shares) 644        
Issuance of ordinary shares upon vesting of restricted share units (in shares) 134        
Shares withheld for taxes   (156)     (156)
Shares withheld for taxes (in shares) (28)        
Share-based compensation expense   5,918     5,918
Unrealized loss on investments, net     (99)   (99)
Net loss       (46,833) (46,833)
Ending balance at Mar. 31, 2025 $ 17 1,199,737 815 (375,931) 824,638
Ending balance (in shares) at Mar. 31, 2025 172,610        
Beginning balance at Dec. 31, 2025 $ 21 1,985,602 1,054 (470,300) 1,516,377
Beginning balance (in shares) at Dec. 31, 2025 212,513        
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Issuance of ordinary shares upon exercise of vested share options   869     869
Issuance of ordinary shares upon exercise of vested share options (in shares) 231        
Issuance of ordinary shares upon vesting of restricted share units (in shares) 586        
Shares withheld for taxes   (2,574)     (2,574)
Shares withheld for taxes (in shares) (122)        
Share-based compensation expense   11,639     11,639
Unrealized loss on investments, net     (3,249)   (3,249)
Net loss       (75,968) (75,968)
Ending balance at Mar. 31, 2026 $ 21 $ 1,995,536 $ (2,195) $ (546,268) $ 1,447,094
Ending balance (in shares) at Mar. 31, 2026 213,208