v3.26.1
Condensed Consolidated Statements of Changes in Redeemable Noncontrolling Interest and Shareholders’ Equity (Unaudited) - USD ($)
$ in Thousands
Total
At The Market Offering
Pre-Funded Warrants
Class A Ordinary Shares
Class A Ordinary Shares
At The Market Offering
Class A Ordinary Shares
Pre-Funded Warrants
Additional Paid-in Capital
Additional Paid-in Capital
At The Market Offering
Additional Paid-in Capital
Pre-Funded Warrants
Accumulated Deficit
Noncontrolling Interest
Beginning Balance at Dec. 31, 2024 $ 11,663                    
Ending Balance at Jun. 30, 2025 11,663                    
Beginning Balance (in shares) at Dec. 31, 2024       65,297,530              
Beginning Balance at Dec. 31, 2024 148,356     $ 7     $ 302,705     $ (155,897) $ 1,541
Increase (Decrease) in Stockholders' Deficit                      
Issuance of Class A ordinary shares (in shares)         3,000,000            
Issuance of Class A ordinary shares   $ 5,093           $ 5,093      
Issuance of Pre-Funded Warrants in exchange for Class A Ordinary Shares (in shares)           (6,500,000)          
Issuance of Pre-Funded Warrants in exchange for Class A Ordinary Shares     $ 0     $ (1)     $ 1    
Issuance of Class A Ordinary Shares for share option exercises and restricted stock units, net of shares withheld for taxes (in Shares)       266,740              
Issuance of Class A Ordinary Shares for share option exercises and restricted stock units, net of shares withheld for taxes 56           56        
Share-based compensation 7,376           7,376        
Net loss (33,435)                 (33,435)  
Ending Balance (in Shares) at Jun. 30, 2025       62,064,270              
Ending Balance at Jun. 30, 2025 127,446     $ 6     315,231     (189,332) 1,541
Beginning Balance at Mar. 31, 2025 11,663                    
Ending Balance at Jun. 30, 2025 11,663                    
Beginning Balance (in shares) at Mar. 31, 2025       68,374,998              
Beginning Balance at Mar. 31, 2025 139,741     $ 7     311,532     (173,339) 1,541
Increase (Decrease) in Stockholders' Deficit                      
Issuance of Class A Ordinary Shares for share option exercises and restricted stock units, net of shares withheld for taxes (in shares)       189,272              
Issuance of Class A Ordinary Shares for share option exercises and restricted stock units, net of shares withheld for taxes (34)           (34)        
Issuance of Pre-Funded Warrants in exchange for Class A Ordinary Shares (in shares)           (6,500,000)          
Issuance of Pre-Funded Warrants in exchange for Class A Ordinary Shares     $ 0     $ (1)     $ 1    
Share-based compensation 3,732           3,732        
Net loss (15,993)                 (15,993)  
Ending Balance (in Shares) at Jun. 30, 2025       62,064,270              
Ending Balance at Jun. 30, 2025 127,446     $ 6     315,231     (189,332) 1,541
Beginning Balance at Dec. 31, 2025 0                    
Ending Balance at Jun. 30, 2026 $ 0                    
Beginning Balance (in shares) at Dec. 31, 2025 73,680,710     73,680,710              
Beginning Balance at Dec. 31, 2025 $ 101,538     $ 7     326,078     (224,547) 0
Increase (Decrease) in Stockholders' Deficit                      
Issuance of Class A ordinary shares (in shares)         21,200,000            
Issuance of Class A ordinary shares   $ 123,371   $ 2       $ 123,369      
Issuance of Pre-funded Warrants in connection with the February 2026 Equity Offering, net of underwriters’ fees and discounts and transaction costs 11,202           11,202        
Issuance of Class A Ordinary Shares for share option exercises and restricted stock units, net of shares withheld for taxes (in shares)       541,742              
Issuance of Class A Ordinary Shares for share option exercises and restricted stock units, net of shares withheld for taxes 2,036     $ 1     2,035        
Share-based compensation 9,465           9,465        
Net loss $ (50,527)                 (50,527)  
Ending Balance (in Shares) at Jun. 30, 2026 95,422,452     95,422,452              
Ending Balance at Jun. 30, 2026 $ 197,085     $ 10     472,149     (275,074) 0
Beginning Balance at Mar. 31, 2026 0                    
Ending Balance at Jun. 30, 2026 0                    
Beginning Balance (in shares) at Mar. 31, 2026       94,880,710              
Beginning Balance at Mar. 31, 2026 216,896     $ 9     465,657     (248,770) 0
Increase (Decrease) in Stockholders' Deficit                      
Issuance of Class A Ordinary Shares for share option exercises and restricted stock units, net of shares withheld for taxes (in shares)       541,742              
Issuance of Class A Ordinary Shares for share option exercises and restricted stock units, net of shares withheld for taxes 2,036     $ 1     2,035        
Share-based compensation 4,457           4,457        
Net loss $ (26,304)                 (26,304)  
Ending Balance (in Shares) at Jun. 30, 2026 95,422,452     95,422,452              
Ending Balance at Jun. 30, 2026 $ 197,085     $ 10     $ 472,149     $ (275,074) $ 0