Related Party Transactions (Tables)

3 Months Ended

Mar. 31, 2026

The Company entered into the following significant related party transactions during the periods presented:


	Three Months Ended
		March 31, 2026		March 31, 2025
	(in thousands of USD)
Revenue generated		$	18,243	$	17,713
Cost of revenue incurred		27,071		28,131
Marketing expenses incurred (cost reimbursed)		(1,729)		(2,581)
General and administrative expenses incurred		7,817		6,913
Other income, net		408		411

*all expenses are net amounts including reimbursement from its related parties

The Company had the following significant balances due from and due to related parties as of March 31, 2026, and December 31, 2025:


	As of
	March 31, 2026		December 31, 2025
	(in thousands of USD)
Due from related parties
Receivables	$	54,303	$	55,156
Other current assets	$	4,053	$	4,730
Other non-current assets	$	6,784	$	5,496
Loan receivables	$	27,002	$	28,417
Due to related parties
Current portion of operating lease liabilities	$	4,953	$	5,221
Operating lease liabilities	$	3,933	$	5,371

Accounts payable	$	24,207	$	18,765
Accrued expenses	$	6,048	$	6,849