v3.26.1
Segment reporting (Tables)
12 Months Ended
Dec. 31, 2025
Segment Reporting [Abstract]  
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,
202320242025
US$US$US$
Total revenues662,226 771,530 847,858 
Total cost of revenues(483,608)(611,431)(686,596)
Gross profit178,618 160,099 161,262 
Operating expenses excluding share-based compensation expense1
(333,500)(302,051)(229,376)
Share-based compensation expense24,866 19,056 13,341 
Total operating expenses(308,634)(282,995)(216,035)
Loss from operation(130,016)(122,896)(54,773)
Interest income4,313 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.