v3.26.1
Other revenues and expenses (Tables)
 12 Months Ended
Dec. 31, 2025
Analysis of income and expense [abstract]  
Schedule of Financial Income and Expenses
Financial income:
 Year ended December 31,
 202320242025
 (in thousands)
Income from short-term investments and term deposits and other finance revenue$177 $850 $1,401 
Gain on debt extinguishment (Note 17.1)247 13,952 — 
Change in fair value of derivative financial instruments (Note 17.1)3,200 3 45,000 
Foreign exchange gain1,166 3,037 4,161 
Total financial income$4,790 $17,842 $50,562 
Financial expenses:
 Year ended December 31,
 202320242025
 (in thousands)
Interest on loans$9,584 $22,465 $11,140 
Interest on lease contracts (see Note 18)479 321 229 
Interest on financing component of revenue contracts (see Notes 21 and 22)115 69 715 
Loss on debt extinguishment (Note 17.1)— — 29,348 
Interest on supplier payable with extended payment terms286 142 — 
Other bank fees and financial charges946 731 414 
Foreign exchange loss1,858 2,543 5,271 
Total financial expenses$13,268 $26,271 $47,117 
Schedule of Cost of Revenue and Operating Expenses
The tables below present the cost of revenue and operating expenses by nature of expense:
  Year ended December 31,
 Note202320242025
  (in thousands)
Included in cost of revenue:
Cost of components$5,071 $5,846 $7,519 
Depreciation and impairment9395 289 527 
Amortization of intangible assets10118 164 170 
Wages and benefits2,059 1,341 1,224 
Share-based payment expense16131 84 19 
Assembly services, royalties and other1,702 1,368 2,754 
$9,476 $9,092 $12,213 
Year ended December 31,
 Note202320242025
  (in thousands)
Included in operating expenses (income) (between gross profit and operating result):
Gain on sale of 4G intangible and tangible assets, net4— (153,129)$— 
Depreciation and impairment9$4,082 $2,814 2,197 
Amortization of intangible assets107,346 4,145 2,784 
Impairment of 5G broadband platform intangible and tangible assets— 56,633 — 
Digital assets impairment losses11— — 67,375 
Digital assets losses on sales, net11— — 6,102 
Wages and benefits36,014 39,637 29,642 
Share-based payment expense166,973 4,006 2,992 
Foreign exchange (gains) losses related to hedges of euro(180)(47)144 
Rent, supplies, external services and other, net of capitalization of research and developments costs(257)4,147 14,768 
$53,978 $(41,794)$126,004 
  Year ended December 31,
 Note202320242025
  (in thousands)
Wages and salaries$28,863 $31,458 $23,972 
Social security costs and other payroll taxes9,087 9,270 6,895 
Other benefits159 171 112 
Pension costs(36)79 (113)
Share-based payment expenses167,104 4,090 3,011 
Total employee benefits expense$45,177 $45,068 $33,877 
Schedule of Research and Development Expense
The impact of the reduction of research and development expense due to government grants, research tax credit and development costs capitalized was as follows:
 Year ended December 31,
 202320242025
 (in thousands)
Research and development costs$53,018 $47,566 $37,018 
Research tax credit(5,374)(3,821)(1,714)
Government and other grants(1,834)(1,939)(4,062)
Development costs capitalized (*)(22,328)(15,485)(120)
Amortization of capitalized development costs2,642 2,206 61 
Total research and development expense$26,124 $28,527 $31,183