v3.26.1
Condensed Consolidated Statements of Changes in Shareholders’ Equity - USD ($)
$ in Thousands
Total
Ordinary Shares
Deferred Shares
Deferred B Shares
Deferred C Shares
Common Shares
Ordinary Shares
Common Shares
Deferred Shares
Common Shares
Deferred B Shares
Common Shares
Deferred C Shares
Additional Paid in Capital
Accumulated other comprehensive loss
Accumulated deficit
Beginning balance (in shares) at Dec. 31, 2024           266,121,689 34,425 88,893,548 1      
Beginning balance at Dec. 31, 2024 $ 427,325         $ 12 $ 0 $ 118 $ 0 $ 1,555,593 $ (29,174) $ (1,099,224)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Share-based compensation expense 2,876                 2,876    
Vesting of restricted stock unit awards net of shares withheld to cover tax withholding (in shares)           3,648            
Other comprehensive income (loss) 11,068                   11,068  
Net loss (70,161)                     (70,161)
Ending balance (in shares) at Mar. 31, 2025           266,125,337 34,425 88,893,548 1      
Ending balance at Mar. 31, 2025 371,108         $ 12 $ 0 $ 118 $ 0 1,558,469 (18,106) (1,169,385)
Beginning balance (in shares) at Dec. 31, 2024           266,121,689 34,425 88,893,548 1      
Beginning balance at Dec. 31, 2024 $ 427,325         $ 12 $ 0 $ 118 $ 0 1,555,593 (29,174) (1,099,224)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Exercise of share options (in shares) 0                      
Other comprehensive income (loss) $ 30,036                      
Net loss (118,081)                      
Ending balance (in shares) at Jun. 30, 2025           266,137,837 34,425 88,893,548 1      
Ending balance at Jun. 30, 2025 346,464         $ 12 $ 0 $ 118 $ 0 1,562,774 862 (1,217,302)
Beginning balance (in shares) at Mar. 31, 2025           266,125,337 34,425 88,893,548 1      
Beginning balance at Mar. 31, 2025 371,108         $ 12 $ 0 $ 118 $ 0 1,558,469 (18,106) (1,169,385)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Share-based compensation expense 4,305                 4,305    
Vesting of restricted stock unit awards net of shares withheld to cover tax withholding (in shares)           12,500            
Other comprehensive income (loss) 18,968                   18,968  
Net loss (47,917)                     (47,917)
Ending balance (in shares) at Jun. 30, 2025           266,137,837 34,425 88,893,548 1      
Ending balance at Jun. 30, 2025 346,464         $ 12 $ 0 $ 118 $ 0 1,562,774 862 (1,217,302)
Beginning balance (in shares) at Dec. 31, 2025   266,143,286 34,425 88,893,548 1 266,143,286 34,425 88,893,548 1      
Beginning balance at Dec. 31, 2025 178,129         $ 12 $ 0 $ 118 $ 0 1,570,107 (5,356) (1,386,752)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Share-based compensation expense 3,566                 3,566    
Other comprehensive income (loss) (1,271)                   (1,271)  
Net loss (71,598)                     (71,598)
Ending balance (in shares) at Mar. 31, 2026           266,143,286 34,425 88,893,548 1      
Ending balance at Mar. 31, 2026 108,826         $ 12 $ 0 $ 118 $ 0 1,573,673 (6,627) (1,458,350)
Beginning balance (in shares) at Dec. 31, 2025   266,143,286 34,425 88,893,548 1 266,143,286 34,425 88,893,548 1      
Beginning balance at Dec. 31, 2025 $ 178,129         $ 12 $ 0 $ 118 $ 0 1,570,107 (5,356) (1,386,752)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Exercise of share options (in shares) 6,754                      
Other comprehensive income (loss) $ (745)                      
Net loss (110,709)                      
Ending balance (in shares) at Jun. 30, 2026   266,162,540 34,425 88,893,548 1 266,150,040 34,425 88,893,548 1      
Ending balance at Jun. 30, 2026 74,839         $ 12 $ 0 $ 118 $ 0 1,578,271 (6,101) (1,497,461)
Beginning balance (in shares) at Mar. 31, 2026           266,143,286 34,425 88,893,548 1      
Beginning balance at Mar. 31, 2026 108,826         $ 12 $ 0 $ 118 $ 0 1,573,673 (6,627) (1,458,350)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Share-based compensation expense 4,595                 4,595    
Exercise of share options (in shares)           6,754            
Exercise of share options 3                 3    
Other comprehensive income (loss) 526                   526  
Net loss (39,111)                     (39,111)
Ending balance (in shares) at Jun. 30, 2026   266,162,540 34,425 88,893,548 1 266,150,040 34,425 88,893,548 1      
Ending balance at Jun. 30, 2026 $ 74,839         $ 12 $ 0 $ 118 $ 0 $ 1,578,271 $ (6,101) $ (1,497,461)