Cash and Cash Equivalents (Tables)

12 Months Ended

Dec. 31, 2025

Cash and Cash Equivalents [Abstract]

The following table presents the Company’s cash and cash equivalents ($ in thousands):


	December 31,
	2025	2024

Cash	678,358	448,508
Cash equivalents (i)	1,215	1,159
	679,573	449,667
Denominated in:
US$	651,196	429,887
RMB (ii)	25,358	18,979
Hong Kong dollar (“HK$”)	2,020	114
Australian dollar (“A$”)	538	522
Taiwan dollar (“TW$”)	461	165
	679,573	449,667

(i)Cash equivalents represent short-term and highly liquid investments in a money market fund.

(ii)Certain cash and bank balances denominated in RMB were deposited with banks in mainland China. The conversion of these RMB-denominated balances into foreign currencies is subject to the rules and regulations of foreign exchange control promulgated by the Chinese government.