ORDINARY SHARES |
12 Months Ended |
|---|---|
Dec. 31, 2025 | |
| Stockholders' Equity Note [Abstract] | |
| ORDINARY SHARES | 13. ORDINARY SHARES
The ordinary shares of the Company are classified as Class A and Class B. Holders of Class A ordinary shares and Class B ordinary shares have the same rights except for voting and conversion rights. Each Class A ordinary share is entitled to one vote, and each Class B ordinary share is entitled to ten votes . Class A ordinary shares are not convertible into Class B ordinary shares under any circumstances.
In November 2022, the Company’s board of directors authorized a share repurchase program(“2022 Share Repurchase Program”), under which the Company may repurchase up to USD30,000 of its ordinary shares, including shares represented by American depositary shares, effective until November 2025. In November 2023, the Company's board of directors authorized modifications to its existing share repurchase program, by increasing the aggregate value of shares that may be repurchased from USD30,000 to USD80,000, effective until November 22, 2025.
In May 2025, the Company's board of directors authorized a new share repurchase program (“2025 Share Repurchase Program”), under which the Company may repurchase up to an aggregate value of USD100,000 of its shares during the three-year period beginning upon the completion of the Company's 2022 Share Repurchase Program. In 2025, the Company had cumulatively repurchased 10,548,253 shares for approximately USD47,493 under its existing share repurchase programs.
During the year ended December 31, 2025, the Company reissued 1,904,192 shares of treasury stock in connection with the exercise of options and the vesting of RSUs. |