v3.26.3
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' DEFICIT - USD ($)
$ in Thousands
Total
Class A Ordinary Shares
Class B Ordinary Shares
Total deficit attributable to ordinary shareholders of the Company
Ordinary Shares
Class A Ordinary Shares
Ordinary Shares
Class B Ordinary Shares
Treasury Shares
Additional paid-in capital
Accumulated deficit
Accumulated other comprehensive loss
Noncontrolling interests
Beginning balance (in shares) at Dec. 31, 2024         291,166,110 48,960,916          
Beginning balance at Dec. 31, 2024 $ (237,703)     $ (239,668) $ 2 $ 0 $ (1,019) $ 895,010 $ (1,124,452) $ (9,209) $ 1,965
Beginning balance, treasury (in shares) at Dec. 31, 2024             5,003,000        
CHANGES IN SHAREHOLDERS' DEFICIT                      
Net loss (72,639)     (69,056)         (69,056)   (3,583)
Share-based compensation 6,504     6,504       6,504      
Issuance of Class A ordinary shares under 2022 Share Incentive Plan (in shares)         5,562,000            
Issuance of Class A ordinary shares under 2022 Share Incentive Plan 163     163       163      
Issuance of ordinary shares upon follow-on public offering (in shares)         25,000,000            
Issuance of ordinary shares upon follow-on public offering 42,578     42,578       42,578      
Re-designated ordinary shares from Class B to Class A (in shares)         3,000,000 (3,000,000)          
Repurchase of ordinary shares (in shares)         (20,897,751)   20,897,751        
Repurchase of ordinary shares (28,985)     (28,985)     $ (28,985)        
Foreign currency translation adjustment, net of nil income taxes (5,191)     (5,244)           (5,244) 53
Ending balance (in shares) at Jun. 30, 2025         303,830,359 45,960,916          
Ending balance at Jun. 30, 2025 (295,273)     (293,708) $ 2 $ 0 $ (30,004) 944,255 (1,193,508) (14,453) (1,565)
Ending balance, treasury (in shares) at Jun. 30, 2025             25,900,751        
Beginning balance (in shares) at Dec. 31, 2025   310,505,777 45,960,916   310,505,777 45,960,916          
Beginning balance at Dec. 31, 2025 $ (283,475)     (282,664) $ 2 $ 0 $ (30,004) 958,052 (1,190,495) (20,219) (811)
Beginning balance, treasury (in shares) at Dec. 31, 2025 25,900,751           25,900,751        
CHANGES IN SHAREHOLDERS' DEFICIT                      
Net loss $ (21,315)     (20,988)         (20,988)   (327)
Share-based compensation 1,467     1,467       1,467      
Issuance of Class A ordinary shares under 2022 Share Incentive Plan (in shares)         279,455            
Issuance of Class A ordinary shares under 2022 Share Incentive Plan 185     185       185      
Issuance of ordinary shares upon follow-on public offering (in shares)         27,297,002            
Issuance of ordinary shares upon follow-on public offering 45,586     45,586       45,586      
Repurchase of ordinary shares (in shares)         (4,871,121)   4,871,121        
Repurchase of ordinary shares (9,907)     (9,907)     $ (9,907)        
Issuance of Class A ordinary shares for convertible notes conversion (in shares)   13,818,840     13,818,840            
Issuance of Class A ordinary shares for convertible notes conversion (Note 16) 14,255 $ 14,255   14,255       14,255      
Accretion to redemption value of redeemable noncontrolling interests (Note 21) (1,809)     (1,809)         (1,809)    
Fair value change of available-for-sale debt investment (Note 7) (2,799)     (2,799)           (2,799)  
Foreign currency translation adjustment, net of nil income taxes (8,070)     (8,101)           (8,101) 31
Ending balance (in shares) at Jun. 30, 2026   347,029,953 45,960,916   347,029,953 45,960,916          
Ending balance at Jun. 30, 2026 $ (265,882)     $ (264,775) $ 2 $ 0 $ (39,911) $ 1,019,545 $ (1,213,292) $ (31,119) $ (1,107)
Ending balance, treasury (in shares) at Jun. 30, 2026 30,771,872           30,771,872