v3.26.1
Operating Leases
12 Months Ended
Dec. 31, 2025
Operating Leases  
Operating Leases

10.  Operating Leases

The Company has operating leases primarily for office and operation space. The Company’s operating lease arrangements have remaining terms below four years with no variable lease costs.

Operating lease costs were US$4,530, US$3,845 and US$4,224 for the years ended December 31, 2023, 2024 and 2025, respectively. The components of lease expenses were as follows:

Year Ended December 31, 

  ​ ​ ​

2023

  ​ ​ ​

2024

  ​ ​ ​

2025

US$

US$

US$

Lease cost:

 

 

 

Amortization of right-of-use assets

 

4,100

 

3,469

 

3,967

Interest of lease liabilities

 

354

 

295

 

205

Expenses for short-term lease within 12 months

 

76

 

81

 

52

Total lease cost

 

4,530

 

3,845

 

4,224

Supplemental cash flow information related to leases were as follows:

Year Ended December 31, 

  ​ ​ ​

2023

  ​ ​ ​

2024

  ​ ​ ​

2025

US$

US$

US$

Cash paid for amounts included in the measurement of lease liabilities

 

4,134

 

3,820

 

4,521

Right-of-use assets obtained in exchange for operating lease liabilities

 

2,727

 

1,069

 

4,797

Supplemental consolidated balance sheet information related to leases were as follows:

  ​ ​ ​

As of December 31, 

  ​ ​ ​

2024

  ​ ​ ​

2025

US$

US$

Right-of-use assets

 

4,550

5,649

Operating lease liabilities, current

 

3,798

1,985

Operating lease liabilities, non-current

 

851

3,329

Total lease liabilities

 

4,649

5,314

Weighted-average remaining lease term

 

Operating leases

 

1.80 years

2.76 years

Weighted-average discount rate

 

Operating leases

 

4.75% per annum

3.75% per annum

Maturities of lease liabilities were as follows:

  ​ ​ ​

As of December 31, 

  ​ ​ ​

2024

  ​ ​ ​

2025

US$

US$

2025

 

3,933

2026

367

2,148

2027

246

1,950

2028

203

1,388

2029

97

108

Total undiscounted lease payments

 

4,846

5,594

Less: imputed interest

 

(197)

(280)

Total lease liabilities

 

4,649

5,314