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Income Tax - Reconciliation of the Effective Income Tax Rate to Statutory Rate (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Amount      
Tax at federal statutory rate $ (226,702) $ (46,476) $ (129,048)
State income tax, net of federal tax benefit 0 (17) 0
Research and development credits (6,828) (4,782) (2,275)
Nontaxable or nondeductible Items      
Stock-based compensation 134,033 (130) 2,978
Other 299 77 521
Foreign Tax Effects      
Changes in unrecognized tax benefits 1,357 956 800
Change in valuation allowance 29,228 8,573 22,064
Total $ 0 $ 0 $ 0
Percent      
Tax at federal statutory rate 21.00% 21.00% 21.00%
State income tax, net of federal tax benefit 0.00% 0.00% 0.00%
Research and development credits 0.60% 2.20% 0.40%
Nontaxable or nondeductible Items      
Stock-based compensation (12.40%) 0.10% (0.50%)
Other 0.00% 0.00% (0.10%)
Foreign Tax Effects      
Changes in unrecognized tax benefits (0.10%) (0.40%) (0.10%)
Change in valuation allowance (2.70%) (4.00%) (3.60%)
Total 0.00% 0.00% 0.00%
CAYMAN ISLANDS      
Foreign Tax Effects      
Foreign Tax Effects $ 67,969 $ 41,570 $ 104,282
Foreign Tax Effects      
Foreign Tax Effects (6.30%) (18.80%) (17.00%)
Other foreign jurisdictions      
Foreign Tax Effects      
Foreign Tax Effects $ 644 $ 229 $ 678
Foreign Tax Effects      
Foreign Tax Effects (0.10%) (0.10%) (0.10%)