Equity (Tables)
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6 Months Ended |
Jun. 30, 2026 |
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| Stockholders' Equity Note [Abstract] |
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| Schedule of stock-based compensation expense |
Share-based compensation expenses for equity-classified share options, restricted share units (“RSUs”) and performance-based restricted share units (“PSUs”), in the aggregate, were allocated as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | | 2026 | | 2025 | | 2026 | | 2025 | | | (U.S. $ in thousands) | | (U.S. $ in thousands) | | Cost of revenues | | $ | 788 | | | $ | 746 | | | $ | 1,448 | | | $ | 1,454 | | | Research and development, net | | 1,238 | | | 1,557 | | | 2,310 | | | 2,798 | | | Selling, general and administrative | | 4,190 | | | 3,835 | | | 7,743 | | | 8,099 | | Total share-based compensation expenses | | $ | 6,216 | | | $ | 6,138 | | | $ | 11,501 | | | $ | 12,351 | |
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| Schedule of stock option activity |
A summary of the Company’s share option activity for the six months ended June 30, 2026 is as follows: | | | | | | | | | | | | | | | | | Number of Options | | Weighted Average Exercise Price | Options outstanding as of January 1, 2026 | | 1,224,196 | | | 17.67 | | | | | | | | | | | | | Forfeited | | (60,550) | | | 23.81 | | Options outstanding as of June 30, 2026 | | 1,163,646 | | | 17.35 | | Options exercisable as of June 30, 2026 | | 1,144,305 | | | 17.45 | |
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| Schedule of RSUs and PSUs activity |
A summary of the Company’s RSUs and PSUs activity for the six months ended June 30, 2026 is as follows: | | | | | | | | | | | | | | | | | Number of RSUs and PSUs | | Weighted Average Grant Date Fair Value | Unvested as of January 1, 2026 | | 4,726,135 | | | 10.84 | | | Granted | | 2,067,768 | | | 9.66 | | | Vested | | (1,048,255) | | | 11.73 | | | Forfeited | | (248,031) | | | 10.70 | | Unvested as of June 30, 2026 | | 5,497,617 | | | 10.23 | |
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| Schedule of accumulated other comprehensive loss |
The following tables present the changes in the components of accumulated other comprehensive income (loss), net of taxes, for the six months ended June 30, 2026 and 2025, respectively: | | | | | | | | | | | | | | | | | | | Six Months Ended June 30, 2026 | | Net Unrealized Gain (Loss) on Cash Flow Hedges | | Foreign Currency Translation Adjustments | | Total | | (U.S. $ in thousands) | Balances as of January 1, 2026 | $ | (624) | | | $ | (5,573) | | | $ | (6,197) | | | Other comprehensive income (loss) before reclassifications | 3,744 | | | (1,651) | | | 2,093 | | | Amounts reclassified from accumulated other comprehensive loss | (457) | | | — | | | (457) | | | Other comprehensive income (loss) | 3,287 | | | (1,651) | | | 1,636 | | | Balances as of June 30, 2026 | $ | 2,663 | | | $ | (7,224) | | | $ | (4,561) | |
| | | | | | | | | | | | | | | | | | | Six Months Ended June 30, 2025 | | Net Unrealized Gain (Loss) on Cash Flow Hedges | | Foreign Currency Translation Adjustments | | Total | | (U.S. $ in thousands) | Balances as of January 1, 2025 | $ | 4,907 | | | $ | (12,938) | | | $ | (8,031) | | Other comprehensive income (loss) before reclassifications | (2,177) | | | 6,772 | | | 4,595 | | | Amounts reclassified from accumulated other comprehensive loss | (2,782) | | | — | | | (2,782) | | | Other comprehensive income (loss) | (4,959) | | | 6,772 | | | 1,813 | | | Balances as of June 30, 2025 | $ | (52) | | | $ | (6,166) | | | $ | (6,218) | |
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