v3.25.4
Segment Information and Operations by Geographic Area (Tables)
 12 Months Ended
Dec. 31, 2025
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
The table below provides information about the Company’s revenue, significant segment expenses and other segment expenses.
Year Ended December 31,
202520242023
(in thousands)
Revenue$326,660 $202,697 $143,993 
Less:
Product costs97,304 61,626 42,612 
Depreciation15,472 8,474 6,718 
Amortization15,460 12,103 681 
Other manufacturing overheads23,438 16,000 11,894 
Gross profit174,986 104,494 82,088 
Less:
Acquisition related costs6,567 10,722 7,728 
Interest income(24,830)(22,883)(26,958)
Other segment items (a)
236,152 210,256 181,853 
Net loss$(42,903)$(93,601)$(80,535)
(a)Other segment items include research and development expenses and selling, general and administrative expenses, primarily in the nature of nonmanufacturing expenses including salaries and stock-based compensation for employees, consulting expenses, certain other expenses, and taxes.
Schedule of Revenue by Country The following table sets forth revenue by country for countries with 10% or more of the Company’s revenue during any of the periods presented:
Year Ended December 31,
202520242023
(in thousands)
Hong Kong$117,082 $64,441 $31,987 
Taiwan84,517 64,836 43,954 
United States22,540 15,853 19,976 
Singapore17,417 16,643 16,466 
Other85,104 40,924 31,610 
Total$326,660 $202,697 $143,993 
Schedule of Property and Equipment Attributable to Operations
The following table sets forth the Company’s total property and equipment attributable to operations by country for countries with 10% or more of the Company’s net property and equipment as of the periods presented:
As of
December 31, 2025December 31, 2024
(in thousands)
United States$35,811 $32,200 
Taiwan23,256 24,294 
Malaysia21,072 16,231 
Singapore18,817 2,419 
Other6,158 7,331 
Total$105,114 $82,475