Loss per share (Tables)

6 Months Ended

Jun. 30, 2026

The basic loss per share is calculated by dividing the net loss attributable to shareholders by the weighted average number of shares in issue during the period, excluding common shares owned by the Company and held as treasury shares, as follows:


	Three Months Ended June 30,				Six Months Ended June 30,
(in thousands, except share and per share amounts)	2026		2025		2026		2025
Net loss	$	(16,565)	$	(56,646)	$	(49,533)	$	(95,248)
Weighted average number of shares outstanding	155,016,023		113,743,358		154,581,598		110,490,935
Basic and diluted loss per share	$	(0.11)	$	(0.50)	$	(0.32)	$	(0.86)

Schedule of Potentially Dilutive Securities Excluded from Earnings Per Share Calculation

Potentially dilutive securities that were not included in the diluted per share calculations because the effect of including them would be anti-dilutive were as follows:


	As of June 30,
	2026	2025
2019 Equity Incentive Plan - Share Options	8,720,930	9,869,002
Inducement Plan - Share Options	1,270,471	776,100
2019 Equity Incentive Plan - RSUs	8,297,993	3,131,764
Conditional Share Capital Plan - RSUs	3,093,194	4,270,904
Outstanding warrants	10,362,071	527,295
2022 ESPP	224,834	—
	31,969,493	18,575,065