v3.26.1
Unaudited Condensed Consolidated Statements of Equity - USD ($)
$ in Thousands
Ordinary Shares
Additional Paid-in capital
Retained Earnings/(Accumulated Deficit)
Accumulated Other Comprehensive (Loss) Income
Total
Balance at Dec. 31, 2024 $ 270 $ 170,878 $ 145 $ (1,566) $ 169,727
Balance (in Shares) at Dec. 31, 2024 27,043,750        
Net Parent Investment 49,975 49,975
Other comprehensive income (loss) (505) (505)
Net Income (Loss) 1,428 1,428
Balance at Mar. 31, 2025 $ 270 220,853 1,573 (2,071) 220,625
Balance (in Shares) at Mar. 31, 2025 27,043,750        
Balance at Dec. 31, 2024 $ 270 170,878 145 (1,566) 169,727
Balance (in Shares) at Dec. 31, 2024 27,043,750        
Net Income (Loss)         (7,406)
Balance at Jun. 30, 2025 $ 270 313,602 (7,260) 1,357 307,969
Balance (in Shares) at Jun. 30, 2025 27,043,750        
Balance at Mar. 31, 2025 $ 270 220,853 1,573 (2,071) 220,625
Balance (in Shares) at Mar. 31, 2025 27,043,750        
Net Parent Investment 92,749 92,749
Other comprehensive income (loss) 3,428 3,428
Net Income (Loss) (8,833)   (8,833)
Balance at Jun. 30, 2025 $ 270 313,602 (7,260) 1,357 307,969
Balance (in Shares) at Jun. 30, 2025 27,043,750        
Balance at Dec. 31, 2025 $ 383 504,732 (24,538) 1,887 482,464
Balance (in Shares) at Dec. 31, 2025 38,344,239        
Share-based compensation expense 53 53
Share-based compensation in connection with issuance of ordinary shares to employees, value $ 1 1,927 1,928
Share-based compensation in connection with issuance of ordinary shares to employees, shares (in Shares) 123,421        
Share-based compensation in connection with issuance of ordinary shares to consultants, value $ 2 2,144 2,146
Share-based compensation in connection with issuance of ordinary shares to consultants, shares (in Shares) 140,678        
Purchase of zero-strike call option in connection with issuance of convertible notes, value (120,000) (120,000)
Other comprehensive income (loss) (1,968) (1,968)
Net Income (Loss) (12,042) (12,042)
Balance at Mar. 31, 2026 $ 386 388,856 (36,580) (81) 352,581
Balance (in Shares) at Mar. 31, 2026 38,608,338        
Balance at Dec. 31, 2025 $ 383 504,732 (24,538) 1,887 482,464
Balance (in Shares) at Dec. 31, 2025 38,344,239        
Net Income (Loss)         (27,018)
Balance at Jun. 30, 2026 $ 388 390,974 (51,556) (2,420) 337,386
Balance (in Shares) at Jun. 30, 2026 38,841,201        
Balance at Mar. 31, 2026 $ 386 388,856 (36,580) (81) 352,581
Balance (in Shares) at Mar. 31, 2026 38,608,338        
Share-based compensation expense (266) (266)
Share-based compensation in connection with issuance of ordinary shares to employees, value $ 1 2,078 2,079
Share-based compensation in connection with issuance of ordinary shares to employees, shares (in Shares) 118,637        
Share-based compensation in connection with issuance of ordinary shares to consultants, value 307 307
Share-based compensation in connection with issuance of ordinary shares to consultants, shares (in Shares) 17,355        
Redemption of exchangeable shares $ 1 (1)
Redemption of exchangeable shares (in Shares) 96,871        
Other comprehensive income (loss) (2,339) (2,339)
Net Income (Loss) (14,976) (14,976)
Balance at Jun. 30, 2026 $ 388 $ 390,974 $ (51,556) $ (2,420) $ 337,386
Balance (in Shares) at Jun. 30, 2026 38,841,201