v3.26.1
Condensed Consolidated Statements of Shareholders' Equity - USD ($)
$ in Thousands
Total
Ordinary Shares
Additional Paid-in Capital
Accumulated Deficit
Beginning balance (in shares) at Dec. 31, 2024   53,826,982    
Beginning balance at Dec. 31, 2024 $ 486,926 $ 538 $ 1,588,729 $ (1,102,341)
Share-based compensation 10,949   10,949  
Net income (loss) (60,195)     (60,195)
Ending balance (in shares) at Mar. 31, 2025   53,826,982    
Ending balance at Mar. 31, 2025 437,680 $ 538 1,599,678 (1,162,536)
Beginning balance (in shares) at Dec. 31, 2024   53,826,982    
Beginning balance at Dec. 31, 2024 486,926 $ 538 1,588,729 (1,102,341)
Net income (loss) (185,962)      
Ending balance (in shares) at Jun. 30, 2025   53,826,982    
Ending balance at Jun. 30, 2025 324,331 $ 538 1,612,096 (1,288,303)
Beginning balance (in shares) at Mar. 31, 2025   53,826,982    
Beginning balance at Mar. 31, 2025 437,680 $ 538 1,599,678 (1,162,536)
Share-based compensation 12,418   12,418  
Net income (loss) (125,767)     (125,767)
Ending balance (in shares) at Jun. 30, 2025   53,826,982    
Ending balance at Jun. 30, 2025 324,331 $ 538 1,612,096 (1,288,303)
Beginning balance (in shares) at Dec. 31, 2025   53,832,982    
Beginning balance at Dec. 31, 2025 280,474 $ 538 1,626,369 (1,346,433)
Share-based compensation 6,915   6,915  
Issuance of ordinary shares upon vesting of restricted stock units (in shares)   33,233    
Issuance of ordinary shares upon vesting of restricted stock units 0 $ 0 0  
Repurchase of ordinary shares (in shares)   (788,990)    
Repurchase of ordinary shares (7,494) $ (8) (7,486)  
Net income (loss) 32,721     32,721
Ending balance (in shares) at Mar. 31, 2026   53,077,225    
Ending balance at Mar. 31, 2026 312,616 $ 530 1,625,798 (1,313,712)
Beginning balance (in shares) at Dec. 31, 2025   53,832,982    
Beginning balance at Dec. 31, 2025 280,474 $ 538 1,626,369 (1,346,433)
Net income (loss) 14,138      
Ending balance (in shares) at Jun. 30, 2026   51,744,327    
Ending balance at Jun. 30, 2026 286,891 $ 517 1,618,669 (1,332,295)
Beginning balance (in shares) at Mar. 31, 2026   53,077,225    
Beginning balance at Mar. 31, 2026 312,616 $ 530 1,625,798 (1,313,712)
Share-based compensation 7,878   7,878  
Issuance of ordinary shares upon vesting of restricted stock units (in shares)   122,000    
Issuance of ordinary shares upon vesting of restricted stock units 0 $ 1 (1)  
Repurchase of ordinary shares (in shares)   (1,454,898)    
Repurchase of ordinary shares (15,020) $ (14) (15,006)  
Net income (loss) (18,583)     (18,583)
Ending balance (in shares) at Jun. 30, 2026   51,744,327    
Ending balance at Jun. 30, 2026 $ 286,891 $ 517 $ 1,618,669 $ (1,332,295)