v3.26.3
Consolidated Statements of Changes in Shareholders’ Equity (Unaudited) - USD ($)
$ in Thousands
Class A
Ordinary Shares
Class A
Class V
Ordinary Shares
Treasury shares
Additional paid-in capital
Accumulated Deficit
Accumulated other comprehensive income (loss)
Total
Balance at Dec. 31, 2024 [1]   [1] $ (926) $ 893,225 $ (354,973) $ 163 $ 537,489
Balance (in Shares) at Dec. 31, 2024 144,063,496   48,399,922          
Balance (in Shares) at Dec. 31, 2024       (145,762)        
Net loss   42,378 42,378
Other comprehensive income (loss)   149 149
Share-based compensation   20,574 20,574
Issuance of ordinary shares for exercise of share-based awards [1]   1,665 1,665
Issuance of ordinary shares for exercise of share-based awards (in shares) 535,865            
Repurchase of ordinary shares   $ (30,041) (30,041)
Repurchase of ordinary shares (in Shares)   (2,462,200)        
Cancellation of Class A ordinary shares [1]   $ 29,967 (29,967)
Cancellation of Class A ordinary shares (in Shares) (2,535,762)   2,535,762        
Issuance of shares, net of transaction costs [1]   118,540 118,540
Issuance of shares, net of transaction costs (in shares) 6,076,388            
Issuance of shares in connection with settlement of convertible notes [1]   112,951 112,951
Issuance of shares in connection with settlement of convertible notes (in Shares) 10,062,187            
Purchase of capped call option in connection with convertible senior notes   (129,607) (129,607)
Issuance of shares for exercise of warrant [1]   74,182 74,182
Issuance of shares for exercise of warrant (in Shares) 5,186,627            
Conversion of Class V to Class A ordinary shares [1]   [1]
Conversion of Class V to Class A ordinary shares (in Shares) 4,000,000   (4,000,000)          
Balance at Jun. 30, 2025 [1]   [1] $ (1,000) 1,061,563 (312,595) 312 748,280
Balance (in Shares) at Jun. 30, 2025 167,388,801   44,399,922          
Balance (in Shares) at Jun. 30, 2025       (72,200)        
Balance at Dec. 31, 2025 [1]   [1] $ (35,990) 1,418,111 (534,156) 54 848,019
Balance (in Shares) at Dec. 31, 2025 194,516,873   44,399,922          
Balance (in Shares) at Dec. 31, 2025   3,364,711   (3,364,711)        
Net loss   (251,805) (251,805)
Other comprehensive income (loss)   (48) (48)
Share-based compensation   13,527 13,527
Issuance of ordinary shares for exercise of share-based awards [1]   2,501 2,501
Issuance of ordinary shares for exercise of share-based awards (in shares) 616,071            
Repurchase of ordinary shares   $ (3,975) (3,975)
Repurchase of ordinary shares (in Shares)   (317,501)        
Cancellation of Class A ordinary shares [1]   $ 39,965 (39,965)
Cancellation of Class A ordinary shares (in Shares) (3,682,212)   3,682,212        
Issuance of shares, net of transaction costs [1]   484,501 484,501
Issuance of shares, net of transaction costs (in shares) 30,428,561            
Issuance of shares in connection with settlement of convertible notes [1]   43,804 43,804
Issuance of shares in connection with settlement of convertible notes (in Shares) 5,503,030            
Purchase of capped call option in connection with convertible senior notes   (33,713) (33,713)
Balance at Jun. 30, 2026 [1]   [1] $ 1,888,766 $ (785,961) $ 6 $ 1,102,811
Balance (in Shares) at Jun. 30, 2026 227,382,323   44,399,922          
Balance (in Shares) at Jun. 30, 2026            
[1] Amount less than US$1,000