v3.26.1
CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY - USD ($)
$ in Thousands
Total
Ordinary shares
Additional paid-in capital
Accumulated other comprehensive income (loss)
Retained earnings (accumulated deficit)
Beginning balance (in shares) at Dec. 31, 2024   108,516,819      
Beginning balance at Dec. 31, 2024 $ 360,179   $ 1,519,809 $ (5,500) $ (1,154,130)
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Share-based compensation to employees 29,552   29,552    
Exercise of options and vested RSUs (in shares)   2,965,781      
Exercise of options and vested RSUs 5,247   5,247    
Other comprehensive income (loss), net of tax benefit of $0 1,299     1,299  
Net income (loss) (34,319)       (34,319)
Ending balance (in shares) at Mar. 31, 2025   111,482,600      
Ending balance at Mar. 31, 2025 361,958   1,554,608 (4,201) (1,188,449)
Beginning balance (in shares) at Dec. 31, 2024   108,516,819      
Beginning balance at Dec. 31, 2024 360,179   1,519,809 (5,500) (1,154,130)
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net income (loss) (74,458)        
Ending balance (in shares) at Jun. 30, 2025   111,798,690      
Ending balance at Jun. 30, 2025 349,441   1,583,138 (5,109) (1,228,588)
Beginning balance (in shares) at Dec. 31, 2024   108,516,819      
Beginning balance at Dec. 31, 2024 360,179   1,519,809 (5,500) (1,154,130)
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net income (loss) (136,227)        
Ending balance (in shares) at Dec. 31, 2025   112,492,667      
Ending balance at Dec. 31, 2025 340,466   1,634,264 (3,441) (1,290,357)
Beginning balance (in shares) at Mar. 31, 2025   111,482,600      
Beginning balance at Mar. 31, 2025 361,958   1,554,608 (4,201) (1,188,449)
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Share-based compensation to employees 26,143   26,143    
Proceeds from issuance of shares (in shares)   141,192      
Proceeds from issuance of shares 2,136   2,136    
Exercise of options and vested RSUs (in shares)   174,898      
Exercise of options and vested RSUs 251   251    
Other comprehensive income (loss), net of tax benefit of $0 (908)     (908)  
Net income (loss) (40,139)       (40,139)
Ending balance (in shares) at Jun. 30, 2025   111,798,690      
Ending balance at Jun. 30, 2025 349,441   1,583,138 (5,109) (1,228,588)
Beginning balance (in shares) at Dec. 31, 2025   112,492,667      
Beginning balance at Dec. 31, 2025 340,466   1,634,264 (3,441) (1,290,357)
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Share-based compensation to employees 63,009   63,009    
Exercise of options and vested RSUs (in shares)   3,328,273      
Exercise of options and vested RSUs 390   390    
Tax payment related to net share settlement on equity awards (556)   (556)    
Other comprehensive income (loss), net of tax benefit of $0 (1,454)     (1,454)  
Net income (loss) (71,138)       (71,138)
Ending balance (in shares) at Mar. 31, 2026   115,820,940      
Ending balance at Mar. 31, 2026 330,717   1,697,107 (4,895) (1,361,495)
Beginning balance (in shares) at Dec. 31, 2025   112,492,667      
Beginning balance at Dec. 31, 2025 340,466   1,634,264 (3,441) (1,290,357)
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net income (loss) (86,796)        
Ending balance (in shares) at Jun. 30, 2026   116,442,465      
Ending balance at Jun. 30, 2026 338,092   1,718,667 (3,422) (1,377,153)
Beginning balance (in shares) at Mar. 31, 2026   115,820,940      
Beginning balance at Mar. 31, 2026 330,717   1,697,107 (4,895) (1,361,495)
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Share-based compensation to employees 17,012   17,012    
Proceeds from issuance of shares (in shares)   187,717      
Proceeds from issuance of shares 2,093   2,093    
Exercise of options and vested RSUs (in shares)   433,808      
Exercise of options and vested RSUs 2,455   2,455    
Other comprehensive income (loss), net of tax benefit of $0 1,473     1,473  
Net income (loss) (15,658)       (15,658)
Ending balance (in shares) at Jun. 30, 2026   116,442,465      
Ending balance at Jun. 30, 2026 $ 338,092   $ 1,718,667 $ (3,422) $ (1,377,153)