v3.26.1
CONDENSED CONSOLIDATED STATEMENT OF SHAREHOLDERS' EQUITY - USD ($)
$ in Thousands
Ordinary Shares
Capital in Excess of Par Value
Treasury Shares
Accumulated Other Comprehensive Gain
Accumulated Deficit
Non-Controlling Interest
Total
Beginning Equity Balance at Dec. 31, 2024 $ 3 $ 773,565   $ (3,719) $ (702,022)   $ 67,827
Beginning Equity Balance (shares) at Dec. 31, 2024 78,397,380            
Share-based compensation activity   2,130         2,130
Share-based compensation activity (shares) 457,679            
Issuance of ordinary shares in at-the-market offering   4,482         4,482
Issuance of ordinary shares in at-the-market offering (shares) 563,379            
Issuance costs in connection with ordinary shares   (12)         (12)
Other comprehensive gain (loss)       (1,347)     (1,347)
Net income (loss)         (39,981)   (39,981)
Ending Equity Balance at Mar. 31, 2025 $ 3 780,165   (5,066) (742,003)   33,099
Ending Equity Balance (shares) at Mar. 31, 2025 79,418,438            
Beginning Equity Balance at Dec. 31, 2024 $ 3 773,565   (3,719) (702,022)   67,827
Beginning Equity Balance (shares) at Dec. 31, 2024 78,397,380            
Net income (loss)             (78,776)
Ending Equity Balance at Jun. 30, 2025 $ 3 791,280   (7,525) (780,798)   2,960
Ending Equity Balance (shares) at Jun. 30, 2025 80,446,284            
Beginning Equity Balance at Mar. 31, 2025 $ 3 780,165   (5,066) (742,003)   33,099
Beginning Equity Balance (shares) at Mar. 31, 2025 79,418,438            
Share-based compensation activity   5,696         5,696
Share-based compensation activity (shares) 80,925            
Issuance of ordinary shares in at-the-market offering   5,433         5,433
Issuance of ordinary shares in at-the-market offering (shares) 946,921            
Issuance costs in connection with ordinary shares   (14)         (14)
Other comprehensive gain (loss)       (2,459)     (2,459)
Net income (loss)         (38,795)   (38,795)
Ending Equity Balance at Jun. 30, 2025 $ 3 791,280   (7,525) (780,798)   2,960
Ending Equity Balance (shares) at Jun. 30, 2025 80,446,284            
Beginning Equity Balance at Dec. 31, 2025 $ 3 808,021   2,406 (816,223)   $ (5,793)
Beginning Equity Balance (shares) at Dec. 31, 2025 81,120,931           81,120,931
Share-based compensation activity   (2,244)         $ (2,244)
Share-based compensation activity (shares) 824,466            
Issuance of ordinary shares in at-the-market offering   14,027         14,027
Issuance of ordinary shares in at-the-market offering (shares) 1,770,729            
Issuance costs in connection with ordinary shares   (35)         (35)
Repurchase of treasury shares     $ (18,193)       (18,193)
Repurchase of treasury shares (shares) (2,300,000)            
Issuance of ordinary shares in connection with license agreement   249         249
Issuance of ordinary shares in connection with license agreement (shares) 30,000            
Other comprehensive gain (loss)       172     172
Net income (loss)         (46,313)   (46,313)
Ending Equity Balance at Mar. 31, 2026 $ 3 820,018 (18,193) 2,578 (862,536)   (58,130)
Ending Equity Balance (shares) at Mar. 31, 2026 81,446,126            
Beginning Equity Balance at Dec. 31, 2025 $ 3 808,021   2,406 (816,223)   $ (5,793)
Beginning Equity Balance (shares) at Dec. 31, 2025 81,120,931           81,120,931
Net income (loss)             $ 114,356
Ending Equity Balance at Jun. 30, 2026 $ 3 932,323 (18,193) 3,255 (701,816) $ 209 $ 215,781
Ending Equity Balance (shares) at Jun. 30, 2026 94,188,118           94,188,118
Beginning Equity Balance at Mar. 31, 2026 $ 3 820,018 (18,193) 2,578 (862,536)   $ (58,130)
Beginning Equity Balance (shares) at Mar. 31, 2026 81,446,126            
Share-based compensation activity   4,545         4,545
Share-based compensation activity (shares) 237,245            
Issuance of ordinary shares in at-the-market offering   14,180         14,180
Issuance of ordinary shares in at-the-market offering (shares) 1,393,636            
Issuance of shares in connection with registered offering   100,000         100,000
Issuance of shares in connection with registered offering (shares) 11,111,111            
Contributions from non-controlling interest           3 3
Sale of non-controlling interest   412       261 673
Issuance costs in connection with private placement   (6,832)         (6,832)
Other comprehensive gain (loss)       677   (4) 673
Net income (loss)         160,720 (51) 160,669
Ending Equity Balance at Jun. 30, 2026 $ 3 $ 932,323 $ (18,193) $ 3,255 $ (701,816) $ 209 $ 215,781
Ending Equity Balance (shares) at Jun. 30, 2026 94,188,118           94,188,118