v3.26.1
Summary of Significant Accounting Policies (Tables)
6 Months Ended
Jun. 30, 2026
Accounting Policies [Abstract]  
Effect of Retrospective Recast Resulting from Common-Control Merger .

 

 

Three Months Ended June 30,

 

Six Months Ended June 30,

 

 

2025

 

2026

 

2025

 

Effect on net loss*

$

(3,812

)

$

(8,719

)

$

(2,608

)

Effect on net loss attributable to common stockholders

 

(2,485

)

 

(4,453

)

 

(3,014

)

Effect on other comprehensive (loss) income

 

37

 

 

163

 

 

79

 

Effect on basic net loss per share attributable to common stockholders

$

(0.03

)

$

(0.05

)

$

(0.03

)

Effect on diluted net loss per share attributable to common stockholders

$

(0.03

)

$

(0.05

)

$

(0.03

)

*The effect of the retrospective recast resulting from the common-control Merger did not have a separate impact on operating income, as operating income was equal to net income for the periods presented. Accordingly, the effects of the change are reflected in net income.

Schedule of Cash Balances By Investment Type and Applicable Deposit Insurance Coverage The following table presents the Company's cash balances maintained in mainland China by investment type and the amount (in millions) that exceeded applicable deposit insurance coverage as of June 30, 2026 and December 31, 2025:

 

 

June 30, 2026

 

 

December 31, 2025
(As Recast)

 

Cash and cash equivalents

13.6

 

 

15.3

 

Long-term certificates of deposit

 

28.4

 

 

 

23.5

 

Short-term bank deposits

14.1

 

 

15.4

 

Total cash, cash equivalents and bank deposits

 

56.1

 

 

 

54.2

 

 

 

 

 

 

 

Amount exceeding PRC DIS coverage

55.5

 

 

53.5