v3.26.1
Condensed Consolidated Statements of Shareholders' Equity (Unaudited) - USD ($)
$ in Thousands
Total
Common Shares [Member]
Treasury Shares [Member]
Additional Paid-in Capital [Member]
Accumulated Deficit [Member]
Accumulated Other Comprehensive Income/(Loss)
Beginning balance at Dec. 31, 2024 $ 1,932,080 $ 2,698 $ (62) $ 3,293,556 $ (1,365,952) $ 1,840
Beginning balance, Shares at Dec. 31, 2024   85,741,981        
Treasury stock, Beginning balance (in shares) at Dec. 31, 2024     170,316      
Issuance of common shares, net of issuance costs 8,637 $ 5   8,632    
Issuance of common shares, net of issuance costs (in shares)   162,482        
Vesting of restricted shares 15 $ 15        
Vesting of restricted shares (in shares)   396,943        
Exercise of vested options, net of issuance costs 1,264 $ 3   1,261    
Exercise of vested options, net of issuance costs (in shares)   39,996        
Purchase of common stock under ESPP 653     653    
Purchase of common stock under ESPP (in shares)   19,522        
Stock-based compensation expense 20,212     20,212    
Other comprehensive gain (loss) 2,295         2,295
Net Income (Loss) (135,996)       (135,996)  
Ending balance at Mar. 31, 2025 1,829,160 $ 2,721 $ (62) 3,324,314 (1,501,948) 4,135
Treasury Stock, Ending balance (in shares) at Mar. 31, 2025     170,316      
Ending balance, Shares at Mar. 31, 2025   86,360,924        
Beginning balance at Dec. 31, 2024 1,932,080 $ 2,698 $ (62) 3,293,556 (1,365,952) 1,840
Beginning balance, Shares at Dec. 31, 2024   85,741,981        
Treasury stock, Beginning balance (in shares) at Dec. 31, 2024     170,316      
Net Income (Loss) (344,545)          
Ending balance at Jun. 30, 2025 1,711,125 $ 2,794 $ (62) 3,414,849 (1,710,497) 4,041
Treasury Stock, Ending balance (in shares) at Jun. 30, 2025     170,316      
Ending balance, Shares at Jun. 30, 2025   88,376,439        
Beginning balance at Mar. 31, 2025 1,829,160 $ 2,721 $ (62) 3,324,314 (1,501,948) 4,135
Beginning balance, Shares at Mar. 31, 2025   86,360,924        
Treasury stock, Beginning balance (in shares) at Mar. 31, 2025     170,316      
Issuance of common shares, net of issuance costs 70,605 $ 65   70,540    
Issuance of common shares, net of issuance costs (in shares)   1,842,105        
Vesting of restricted shares 5 $ 5        
Vesting of restricted shares (in shares)   104,941        
Exercise of vested options, net of issuance costs 2,391 $ 3   2,388    
Exercise of vested options, net of issuance costs (in shares)   68,469        
Stock-based compensation expense 17,607     17,607    
Other comprehensive gain (loss) (94)         (94)
Net Income (Loss) (208,549)       (208,549)  
Ending balance at Jun. 30, 2025 1,711,125 $ 2,794 $ (62) 3,414,849 (1,710,497) 4,041
Treasury Stock, Ending balance (in shares) at Jun. 30, 2025     170,316      
Ending balance, Shares at Jun. 30, 2025   88,376,439        
Beginning balance at Dec. 31, 2025 $ 1,921,813 $ 3,087 $ (60) 3,861,516 (1,947,551) 4,821
Beginning balance, Shares at Dec. 31, 2025   95,894,341        
Treasury stock, Beginning balance (in shares) at Dec. 31, 2025 115,316   115,316      
Vesting of restricted shares $ 22 $ 22        
Vesting of restricted shares (in shares)   349,508        
Exercise of vested options, net of issuance costs 5,619 $ 6   5,613    
Exercise of vested options, net of issuance costs (in shares)   130,231        
Purchase of common stock under ESPP 471     471    
Purchase of common stock under ESPP (in shares)   11,426        
Stock-based compensation expense 16,324     16,324    
Other comprehensive gain (loss) (6,762)         (6,762)
Net Income (Loss) (122,931)       (122,931)  
Ending balance at Mar. 31, 2026 1,814,556 $ 3,115 $ (60) 3,883,924 (2,070,482) (1,941)
Treasury Stock, Ending balance (in shares) at Mar. 31, 2026     115,316      
Ending balance, Shares at Mar. 31, 2026   96,385,506        
Beginning balance at Dec. 31, 2025 $ 1,921,813 $ 3,087 $ (60) 3,861,516 (1,947,551) 4,821
Beginning balance, Shares at Dec. 31, 2025   95,894,341        
Treasury stock, Beginning balance (in shares) at Dec. 31, 2025 115,316   115,316      
Exercise of vested options, net of issuance costs (in shares) 326,058          
Net Income (Loss) $ (214,085)          
Ending balance at Jun. 30, 2026 $ 1,746,551 $ 3,130 $ (60) 3,909,746 (2,161,636) (4,629)
Treasury Stock, Ending balance (in shares) at Jun. 30, 2026 100,316   100,316      
Ending balance, Shares at Jun. 30, 2026   96,660,959        
Beginning balance at Mar. 31, 2026 $ 1,814,556 $ 3,115 $ (60) 3,883,924 (2,070,482) (1,941)
Beginning balance, Shares at Mar. 31, 2026   96,385,506        
Treasury stock, Beginning balance (in shares) at Mar. 31, 2026     115,316      
Vesting of restricted shares 9 $ 9        
Vesting of restricted shares (in shares)   79,626        
Exercise of vested options, net of issuance costs 8,512 $ 6   8,506    
Exercise of vested options, net of issuance costs (in shares)   195,827 (15,000)      
Stock-based compensation expense 17,316     17,316    
Other comprehensive gain (loss) (2,688)         (2,688)
Net Income (Loss) (91,154)       (91,154)  
Ending balance at Jun. 30, 2026 $ 1,746,551 $ 3,130 $ (60) $ 3,909,746 $ (2,161,636) $ (4,629)
Treasury Stock, Ending balance (in shares) at Jun. 30, 2026 100,316   100,316      
Ending balance, Shares at Jun. 30, 2026   96,660,959