Segment and Geographic Information (Tables)
|
3 Months Ended |
12 Months Ended |
Mar. 31, 2026 |
Dec. 31, 2025 |
| Segment Reporting [Abstract] |
|
|
| Summary of Disaggregation of Operating Expenses |
The following table sets forth the Company’s disaggregation of operating expenses that were reviewed by the CODM for the three months ended March 31, 2026 and 2025 (in thousands):
|
|
|
|
|
|
|
|
|
| |
|
Three months ended
March 31, |
|
| |
|
|
|
|
|
|
Research and development |
|
$ |
12,832 |
|
|
$ |
8,687 |
|
Sales and marketing |
|
|
3,296 |
|
|
|
2,549 |
|
General and administrative |
|
|
6,452 |
|
|
|
5,894 |
|
|
|
|
|
|
|
|
|
|
Total operating expenses |
|
$ |
22,580 |
|
|
$ |
17,130 |
|
|
|
|
|
|
|
|
|
|
|
The following table sets forth the Company’s disaggregation of operating expenses which were reviewed by the CODM for the years ended December 31, 2025 and 2024 (in thousands):
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
Research and development |
|
$ |
38,486 |
|
|
$ |
37,168 |
|
Sales and marketing |
|
|
10,570 |
|
|
|
10,731 |
|
General and administrative |
|
|
22,582 |
|
|
|
17,005 |
|
|
|
|
|
|
|
|
|
|
Total operating expenses |
|
$ |
71,638 |
|
|
$ |
64,904 |
|
|
|
|
|
|
|
|
|
|
|
| Summary of Geographic Locations of the Ultimate End Customers |
The following is a summary of net sales for the three months ended March 31, 2026 and 2025, based on the country to which the Company’s products were shipped, which may be different from the geographic locations of the ultimate end customers (in thousands):
|
|
|
|
|
|
|
|
|
| |
|
Three months ended
March 31, |
|
| |
|
|
|
|
|
|
Taiwan |
|
|
6,099 |
|
|
|
6,032 |
|
China |
|
|
11,646 |
|
|
|
5,590 |
|
Singapore |
|
|
— |
|
|
|
3,599 |
|
North America |
|
|
5,129 |
|
|
|
25 |
|
Rest of the World* |
|
|
2,186 |
|
|
|
486 |
|
|
|
|
|
|
|
|
|
|
Total |
|
$ |
25,060 |
|
|
$ |
15,732 |
|
|
|
|
|
|
|
|
|
|
| * |
Other countries individually less than 10% |
|
The following is a summary of net sales for the years ended December 31, 2025 and 2024, based on the country to which the Company’s products were shipped, which may be different from the geographic locations of the ultimate end customers (in thousands):
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
China |
|
|
30,664 |
|
|
|
54,728 |
|
Taiwan |
|
|
25,835 |
|
|
|
18,190 |
|
Singapore |
|
|
7,306 |
|
|
|
— |
|
Rest of the World* |
|
|
8,709 |
|
|
|
3,149 |
|
|
|
|
|
|
|
|
|
|
Total |
|
$ |
72,514 |
|
|
$ |
76,067 |
|
|
|
|
|
|
|
|
|
|
| * |
Other countries individually less than 10% |
|
| Summary of Property, Equipment and Software, Net, and Right-of-use Assets, Net |
The following illustrates property, equipment and software, net, and assets, net by geographic location based on physical location (in thousands):
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
Taiwan |
|
$ |
3,438 |
|
|
$ |
3,515 |
|
China |
|
|
567 |
|
|
|
633 |
|
North America |
|
|
836 |
|
|
|
593 |
|
Rest of the World* |
|
|
1,163 |
|
|
|
34 |
|
|
|
|
|
|
|
|
|
|
Total |
|
$ |
6,004 |
|
|
$ |
4,775 |
|
|
|
|
|
|
|
|
|
|
| * |
Other countries individually less than 10% |
|
The following illustrates property, equipment and software, net, and assets, net by geographic locations based on physical location (in thousands):
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
Taiwan |
|
$ |
3,515 |
|
|
$ |
2,139 |
|
China |
|
|
633 |
|
|
|
593 |
|
North America |
|
|
593 |
|
|
|
786 |
|
Rest of the World* |
|
|
34 |
|
|
|
26 |
|
|
|
|
|
|
|
|
|
|
Total |
|
$ |
4,775 |
|
|
$ |
3,544 |
|
|
|
|
|
|
|
|
|
|
| * |
Other countries individually less than 10% |
|