v3.25.2
Unaudited Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities    
Net loss $ (97,347) $ (64,481)
Adjustments to reconcile net loss to net cash used in operating activities:    
Amortization of right-of-use assets 2,620 2,308
Depreciation of property and equipment 1,740 2,041
Share-based compensation expense 11,149 6,366
Changes in operating assets and liabilities:    
Accounts receivable (195) 19,796
Prepaid expenses 2,844 (2,235)
Other assets (81) (1,400)
Accounts payable (1,776) 5,039
Accrued expenses and other current liabilities (8,055) (6,151)
Deferred revenue (16,257) (18,940)
Operating lease liabilities (3,693) (3,243)
Net cash used in operating activities (109,051) (60,900)
Cash flows from investing activities    
Purchases of property and equipment (471) (469)
Net cash used in investing activities (471) (469)
Cash flows from financing activities    
Proceeds from the issuance of ordinary shares, net of offering costs   14,038
Proceeds from issuance of ordinary shares pursuant to the at-the-market equity program, net of offering costs 12,361 547
Proceeds from the exercise of share options 3,045 229
Proceeds from the ESPP 442 349
Net cash provided by financing activities 15,848 15,163
Effect of foreign exchange rates on cash, cash equivalents, and restricted cash 101 (155)
Net decrease in cash, cash equivalents, and restricted cash (93,573) (46,361)
Cash, cash equivalents, and restricted cash, beginning of period 305,838 204,050
Cash, cash equivalents, and restricted cash, end of period $ 212,265 $ 157,689