v3.26.3
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 379,704 $ 334,517
Short-term marketable debt securities 118,758 59,451
Prepaid expenses 25,933 22,857
Other current assets 8,948 4,869
Total current assets 533,343 421,694
Non-current assets    
Operating lease right-of-use assets 1,713 1,566
Property and equipment, net 443 577
Other non-current assets 5,216 596
Total non-current assets 7,372 2,739
Total assets 540,715 424,433
Current liabilities    
Trade and other payables 13,850 29,553
Accrued expenses and other current liabilities 43,621 14,691
Short-term portion of operating lease liabilities 959 1,234
Total current liabilities 58,430 45,478
Non-current liabilities    
Long-term debt 100,010 74,100
Long-term portion of operating lease liabilities 647 374
Total non-current liabilities 100,657 74,474
Total liabilities 159,087 119,952
Commitments and contingencies (Note 15)
Shareholders' equity    
Additional paid-in capital 1,053,301 766,781
Accumulated deficit (673,968) (462,911)
Accumulated other comprehensive income 2,287 604
Total shareholders’ equity 381,628 304,481
Total liabilities and shareholders' equity 540,715 424,433
Common Class A    
Shareholders' equity    
Common shares $ 8 $ 7