XML 14 R2.htm IDEA: XBRL DOCUMENT v3.26.1
Unaudited Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 651,316 $ 679,573
Restricted cash, current 100,000 100,000
Short-term investments 10,000 10,000
Accounts receivable (net of allowance for credit losses of $16 and $31 as of March 31, 2026 and December 31, 2025, respectively) 54,069 106,116
Notes receivable 7,929 12,169
Inventories, net 85,961 74,745
Prepayments and other current assets 35,454 36,683
Total current assets 944,729 1,019,286
Restricted cash, non-current 1,117 1,116
Property and equipment, net 47,067 47,389
Operating lease right-of-use assets 17,585 19,152
Land use rights, net 2,868 2,853
Intangible assets, net 75,759 76,144
Deferred tax assets 3,444 3,390
Other non-current assets 3,168 3,054
Total assets 1,095,737 1,172,384
Current liabilities    
Accounts payable 126,169 141,608
Current operating lease liabilities 5,983 6,344
Short-term debt 213,819 204,530
Other current liabilities 47,011 63,684
Total current liabilities 392,982 416,166
Deferred income 28,627 27,333
Non-current operating lease liabilities 12,107 13,385
Other non-current liabilities 40 0
Total liabilities 433,756 456,884
Commitments and contingencies (Note 17)
Shareholders’ equity    
Ordinary shares (par value of $0.000006 per share; 5,000,000,000 shares authorized; 1,118,835,190 and 1,113,822,550 shares issued as of March 31, 2026 and December 31, 2025, respectively; 1,110,232,620 and 1,106,389,340 shares outstanding as of March 31, 2026 and December 31, 2025, respectively) 7 7
Additional paid-in capital 3,357,826 3,343,469
Accumulated deficit (2,679,636) (2,628,620)
Accumulated other comprehensive income 15,105 29,697
Treasury Stock (at cost, 8,602,570 and 7,433,210 shares as of March 31, 2026 and December 31, 2025, respectively) (31,321) (29,053)
Total shareholders’ equity 661,981 715,500
Total liabilities and shareholders’ equity $ 1,095,737 $ 1,172,384