v3.25.4
Net Profit (Loss) Per Share Attributable to Ordinary Shareholders
12 Months Ended
Dec. 31, 2025
Earnings Per Share [Abstract]  
Net Profit (Loss) Per Share Attributable to Ordinary Shareholders
13. Net Profit (Loss) Per Share Attributable to Ordinary Shareholders
The following table sets forth the computation of basic and diluted net profit (loss) per share attributable to ordinary shareholders for the periods presented:
Year Ended December 31,
202520242023
Class AClass BClass AClass BClass AClass B
(in thousands, except share and per share data)
Numerator:
Net profit (loss) attributable to ordinary shareholders, basic and diluted$(19,440)$(8,125)$(24,901)$(10,021)$(38,407)$(20,628)
Denominator:
Weighted-average shares used in computing net profit (loss) per share
attributable to ordinary shareholders, basic and diluted
111,049,902 46,410,797 121,867,011 49,040,148 115,005,250 61,768,148 
Net profit (loss) per share attributable to ordinary shareholders, basic and diluted$(0.18)$(0.18)$(0.20)$(0.20)$(0.33)$(0.33)
Basic and diluted net profit (loss) per share attributable to ordinary shareholders are the same for each class of ordinary shares as they are entitled to the same liquidation and dividend rights. The weighted-average potential ordinary shares that were excluded from the computation of diluted net profit (loss) per share attributable to ordinary shareholders for the periods presented because including them
would have been anti-dilutive, or whose issuance is contingent upon the satisfaction of certain market conditions, are as follows:
Year Ended December 31,
202520242023
Class AClass BClass AClass BClass AClass B
Warrants to purchase ordinary shares(1)
— — 146,557 — 725,334 753,565 
Outstanding share options6,600,456 — 9,122,598 — 11,654,082 — 
Unvested RSUs16,547,989 — 21,711,292 — 23,375,114 — 
Total23,148,445 — 30,980,447 — 35,754,530 753,565 
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(1)In 2024, includes warrants issued to customers. In 2023, includes the warrants to purchase ordinary shares and warrants issued to customers.