v3.26.1
Condensed Consolidated Statements of Changes in Stockholders' Equity (Deficit) - USD ($)
$ in Thousands
Common Shares
Exchangeable Shares
Additional Paid-In-Capital
Accumulated Other Comprehensive Income (Loss)
Accumulated Deficit
Total
Beginning balance at Dec. 31, 2024 $ 4 $ 2 $ 82,774 $ 337 $ (96,608) $ (13,491)
Beginning balance (in shares) at Dec. 31, 2024 [1] 39,159,901 24,011,017        
Consolidated Statements of Changes in Stockholders' Equity (Deficit)            
Stock-based compensation     180     180
Currency translation adjustments       (827)   (827)
Issuance of warrants in connection with convertible notes, net of tax     2,595     2,595
Net loss         (6,252) (6,252)
Ending balance at Mar. 31, 2025 $ 4 $ 2 85,549 (490) (102,860) (17,795)
Ending balance (in shares) at Mar. 31, 2025 [1] 39,159,901 24,011,017        
Beginning balance at Dec. 31, 2024 $ 4 $ 2 82,774 337 (96,608) $ (13,491)
Beginning balance (in shares) at Dec. 31, 2024 [1] 39,159,901 24,011,017        
Consolidated Statements of Changes in Stockholders' Equity (Deficit)            
Conversion of exchangeable shares to common shares           0
Currency translation adjustments           $ (265)
Net loss           (12,501)
Ending balance at Jun. 30, 2025 $ 4 $ 2 85,763 72 (109,109) (23,268)
Ending balance (in shares) at Jun. 30, 2025 [1] 39,159,901 24,011,017        
Beginning balance at Mar. 31, 2025 $ 4 $ 2 85,549 (490) (102,860) (17,795)
Beginning balance (in shares) at Mar. 31, 2025 [1] 39,159,901 24,011,017        
Consolidated Statements of Changes in Stockholders' Equity (Deficit)            
Stock-based compensation     214     $ 214
Conversion of exchangeable shares to common shares           0
Currency translation adjustments       562   $ 562
Net loss         (6,249) (6,249)
Ending balance at Jun. 30, 2025 $ 4 $ 2 85,763 72 (109,109) (23,268)
Ending balance (in shares) at Jun. 30, 2025 [1] 39,159,901 24,011,017        
Beginning balance at Dec. 31, 2025 $ 8 $ 2 418,815 1,206 (124,625) 295,406
Beginning balance (in shares) at Dec. 31, 2025 81,771,422 24,011,017        
Consolidated Statements of Changes in Stockholders' Equity (Deficit)            
Stock-based compensation     2,761     2,761
Shares issued upon exercise of options     158     158
Shares issued upon exercise of options (in shares) 140,815          
Conversion of exchangeable shares to common shares 318,197 (318,197)        
Issuance of shares for private placement (in shares) 12,000          
Currency translation adjustments       (64)   (64)
Change in net unrealized gains on short-term and long-term investments       838   838
Net loss         (10,503) (10,503)
Ending balance at Mar. 31, 2026 $ 8 $ 2 421,734 1,980 (135,128) 288,596
Ending balance (in shares) at Mar. 31, 2026 82,242,434 23,692,820        
Beginning balance at Dec. 31, 2025 $ 8 $ 2 418,815 1,206 (124,625) $ 295,406
Beginning balance (in shares) at Dec. 31, 2025 81,771,422 24,011,017        
Consolidated Statements of Changes in Stockholders' Equity (Deficit)            
Conversion of exchangeable shares to common shares           794,330
Currency translation adjustments           $ (353)
Change in net unrealized gains on short-term and long-term investments           698
Net loss           (19,902)
Ending balance at Jun. 30, 2026 $ 8 $ 2 424,620 1,551 (144,527) 281,654
Ending balance (in shares) at Jun. 30, 2026 82,718,567 23,216,687        
Beginning balance at Mar. 31, 2026 $ 8 $ 2 421,734 1,980 (135,128) 288,596
Beginning balance (in shares) at Mar. 31, 2026 82,242,434 23,692,820        
Consolidated Statements of Changes in Stockholders' Equity (Deficit)            
Stock-based compensation     2,886     $ 2,886
Conversion of exchangeable shares to common shares 476,133 (476,133)       476,133
Currency translation adjustments       (289)   $ (289)
Change in net unrealized gains on short-term and long-term investments       (140)   (140)
Net loss         (9,399) (9,399)
Ending balance at Jun. 30, 2026 $ 8 $ 2 $ 424,620 $ 1,551 $ (144,527) $ 281,654
Ending balance (in shares) at Jun. 30, 2026 82,718,567 23,216,687        
[1] The shares of the Company’s common stock prior to the Recapitalization have been retrospectively recast to reflect the change in the capital structure as a result of the Recapitalization as described in Note 1