| Schedule of segment reporting information, by segment |
The following table presents financial information with respect to the Group’s single reportable segment: | | | | | | | | | | | | | | | | | | | Year ended December 31, | | 2023 | | 2024 | | 2025 | | US$ | | US$ | | US$ | | Total revenues | 662,226 | | | 771,530 | | | 847,858 | | | Total cost of revenues | (483,608) | | | (611,431) | | | (686,596) | | | Gross profit | 178,618 | | | 160,099 | | | 161,262 | | Operating expenses excluding share-based compensation expense1 | (333,500) | | | (302,051) | | | (229,376) | | | Share-based compensation expense | 24,866 | | | 19,056 | | | 13,341 | | | Total operating expenses | (308,634) | | | (282,995) | | | (216,035) | | | Loss from operation | (130,016) | | | (122,896) | | | (54,773) | | | Interest income | 4,313 | | | 3,078 | | | 3,710 | | | Interest expense | (11,239) | | | (18,568) | | | (23,772) | | | (Loss) gain from equity method investments | (6,142) | | | 5,611 | | | 1,236 | | | Other non-operating (expenses) income , net | (1,340) | | | (4,766) | | | 5,904 | | | Loss before income taxes | (144,424) | | | (137,541) | | | (67,695) | | | Income tax benefit (expense) | 525 | | | (210) | | | (1,244) | | | Net loss | (143,899) | | | (137,751) | | | (68,939) | |
1 This measure is not in accordance with, or an alternative to GAAP. The Group excludes share-based compensation expense since it is non-cash in nature and its valuation and measurement depends on factors such as volatility not reflective of the Group’s operating performance.
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