v3.25.4
Share-Based Compensation (Tables)
 12 Months Ended
Dec. 31, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of Option Activity
The following table presents a summary of option activity and related information in 2025:
Number of
options 		Weighted
average exercise
price
($)		Weighted
average
remaining
contractual term (years)		Aggregate
intrinsic value
($ in thousands)
Outstanding at December 31, 2024101,015,4702.82 5.8183,381 
Granted7,716,2103.54 
Exercised(20,261,540)0.67 
Forfeited(7,502,320)3.90 
Outstanding at December 31, 202580,967,8203.32 5.9017,029 
Vested and exercisable as of December 31, 202547,469,8403.47 4.4915,750 
Schedule of Assumptions Used to Estimate Fair Values of Share Options Granted
The following table presents the assumptions used to estimate the fair values of the share options granted:
202520242023
Risk-free rate of return
3.7%-4.1%
3.5%-4.5%
3.5%-4.7%
Expected term (in years)
6.25
6.25
6, 6.25 or 6.5
Estimated volatility rate
70%-71%
70%70%
Expected dividend rate0%0%0%
Schedule of Non-vested Restricted Share Activity
The following table summarized the Company’s non-vested restricted share activity in 2025:
Numbers
of non-vested
restricted shares 		Aggregate
intrinsic value
($ in thousands)
Non-vested as of December 31, 202431,951,71083,682 
Granted9,715,750
Vested(10,946,270)
Forfeited(4,594,000)
Non-vested as of December 31, 202526,127,19046,088 
Schedule of Share-Based Compensation expense
The following table presents the share-based compensation expense which has been reported in the Company’s consolidated statements of operations ($ in thousands):
Year Ended December 31,
202520242023
Selling, general and administrative42,725 42,532 48,017 
Research and development22,873 28,119 31,617 
Total65,598 70,651 79,634