v3.26.1
Earnings (Loss) Per Share
 6 Months Ended
Jun. 30, 2026
Earnings (Loss) Per Share [Abstract]  
EARNINGS (LOSS) PER SHARE

15. EARNINGS (LOSS) PER SHARE

 

    For the Three Months Ended
June 30,		     For the Six Months Ended
June 30,		  
    2026     2025     2026     2025  
                         
Net loss   $ (14,976 )   $ (8,833 )   $ (27,018 )   $ (7,406 )
Weighted average number of ordinary share outstanding                                
Basic     38,662,914       27,043,750       38,395,942       27,043,750  
Diluted     38,662,914       27,043,750       38,395,942       27,043,750  
                                 
Loss per share                                
Basic   $ (0.39 )   $ (0.33 )   $ (0.70 )   $ (0.27 )
Diluted   $ (0.39 )   $ (0.33 )   $ (0.70 )   $ (0.27 )

 

Basic earnings (loss) per share is computed by dividing net income (loss) attributable to ordinary shareholders by the weighted average number of ordinary shares outstanding during the period. The computation of diluted net loss per share does not include dilutive ordinary share equivalents in the weighted average shares outstanding, as they would be anti-dilutive.

 

For the three months ended June 30, 2026, 124,349 unvested RSUs and 8.9 million ordinary shares issuable upon conversion of the 2031 Notes (based on the initial conversion rate of approximately $25.91 per ordinary share) were excluded from the calculation of diluted earnings per share because they were anti-dilutive.

 

For the six months ended June 30, 2026, 124,349 unvested RSUs and 8.9 million ordinary shares issuable upon conversion of the 2031 Notes (based on the initial conversion rate of approximately $25.91 per ordinary share) were excluded from the calculation of diluted earnings per share because they were anti-dilutive.

 

For the three and six months ended June 30, 2025, the Company had no potentially dilutive ordinary share equivalents outstanding, as all outstanding shares were held by its parent and no equity awards or other convertible instruments were issued.