v3.26.1
Taxation - Schedule of Reconciliation of Effective Tax Rate (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Taxation [Abstract]      
US federal statutory rate $ (23,295) $ 4,994 $ (7,573)
US federal statutory rate 21.00% 21.00% 21.00%
State taxes, net of federal effect $ (5,664) $ 1,026 $ (3,974)
State taxes, net of federal effect 5.11% 4.32% 11.01%
Tax credits $ (1,772) $ (2,517) $ (9,167)
Tax credits 1.60% (10.59%) 25.39%
Stock-based compensation $ 777 $ 2,123 $ 589
Stock-based compensation (0.70%) 8.93% (1.63%)
Finance income/(costs) – fair value accounting $ 769 $ 1,640 $ (556)
Finance income/(costs) – fair value accounting (0.69%) 6.90% 1.54%
Loss with respect to associate for which no deferred tax asset is recognized $ 639 $ 210 $ 249
Loss with respect to associate for which no deferred tax asset is recognized (0.58%) 0.88% (0.69%)
Revaluation of deferred due to rate change $ (271) $ (3,419) $ 0
Revaluation of deferred due to rate change 0.24% (14.38%) 0.00%
Nondeductible compensation $ 505 $ 1,534 $ 872
Nondeductible compensation (0.46%) 6.45% (2.42%)
Recognition of deferred tax assets and tax benefits not previously recognized $ (962) $ (12,396) $ (433)
Recognition of deferred tax assets and tax benefits not previously recognized 0.87% (52.14%) 1.20%
Unrecognized deferred tax asset $ 0 $ 0 $ 83,984
Unrecognized deferred tax asset 0.00% 0.00% (232.63%)
Deconsolidation of subsidiary $ 0 $ 3,863 $ (17,506)
Deconsolidation of subsidiary 0.00% 16.25% 48.49%
Cancellation of Debt Income $ 0 $ (987) $ 0
Cancellation of Debt Income 0 0.0415 0
Current year losses and credits for which no deferred tax asset is recognized $ 27,288 $ 0 $ 0
Current year losses and credits for which no deferred tax asset is recognized (24.60%) 0.00% 0.00%
Uncertain tax positions $ 1,208 $ 0 $ 0
Uncertain tax positions (1.09%) 0.00% 0.00%
Other $ (66) $ 755 $ 1,321
Other 0.06% 3.16% (3.65%)
Worthless stock deduction $ 0 $ (833) $ (17,281)
Worthless stock deduction 0.00% (3.50%) 47.87%
Income tax expense/(benefit) $ (842) $ (4,008) $ 30,525
Average effective tax rate 0.76% (16.86%) (84.52%)