Basic net income (loss) per share is computed based on the weighted average number of ordinary shares outstanding during each period. Diluted net income per share is computed based on the weighted average number of ordinary shares outstanding during the period, plus potential dilutive shares (deriving from options, RSUs, PSUs, Notes and the ESPP) considered outstanding during the period, in accordance with ASC 260-10 "Earnings Per Share", as determined under the treasury stock or if-converted method, as applicable.

The following table sets forth the computation of the Company’s basic and diluted net income (loss) per ordinary share:


	Three months ended June 30,				Six months ended June 30,				Year ended December 31, 2025
	2026		2025		2026		2025
	Unaudited				Unaudited				Audited
Net income (loss) attributable to ordinary shares as reported used in computing basic and diluted net income (loss) per share	$	(15,658)	$	(40,139)	$	(86,796)	$	(74,458)	$	(136,227)






Weighted average number of ordinary shares used in computing diluted net income (loss) per share	116,012,397		111,572,191		115,106,850		110,930,576		111,471,991

Potentially anti-dilutive shares that were excluded from the computation of basic net income (loss) per share:
Options	8,345,038		9,069,460		8,945,746		8,902,549		9,297,875
RSUs and PSUs	4,293,924		4,365,034		3,964,327		4,899,273		4,781,731
ESPP	187,717		141,192		187,717		141,192		208,854
Weighted anti-dilutive shares outstanding which were not included in the diluted calculation	12,826,679		13,575,686		13,097,790		13,943,014		14,288,460

Basic and diluted net income (loss) per ordinary share	$	(0.13)	$	(0.36)	$	(0.75)	$	(0.67)	$	(1.22)