v3.26.1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
12 Months Ended
Dec. 31, 2025
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES  
Schedule of financial assets measured at fair value on a recurring basis

As of December 31, 2024

  ​ ​ ​

Level 1

  ​ ​ ​

Level 2

  ​ ​ ​

Level 3

  ​ ​ ​

Total Fair Value

Available-for-sale investments:

Liquidity fund

4,549

4,549

Held-to-maturity investments:

U.S. treasury bills

90,430

90,430

Time deposit

 

 

18,493

 

 

18,493

Total

 

4,549

 

108,923

 

113,472

As of December 31, 2025

  ​ ​ ​

Level 1

  ​ ​ ​

Level 2

  ​ ​ ​

Level 3

  ​ ​ ​

Total Fair Value

Cash equivalents:

 

  ​

 

  ​

 

  ​

 

  ​

Money Market fund

 

15,641

 

 

 

15,641

Held-to-maturity investments:

 

  ​

 

  ​

 

  ​

 

  ​

U.S. treasury bills

 

 

139,490

 

 

139,490

U.S. treasury notes

 

 

280,166

 

 

280,166

Total

 

15,641

 

419,656

 

 

435,297

Schedule of suppliers accounted for 10% or more of research and development expenses

Supplier

  ​ ​ ​

2023

  ​ ​ ​

2024

  ​ ​ ​

2025

A

$

7,941

$

5,010

$

*

B

6,926

 

5,846

 

10,802

C

*

 

*

 

4,987

*

Represents less than 10% of research and development expenses for the years ended December 31, 2023, 2024 and 2025.