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Share-Based Compensation (Tables)

3 Months Ended

Mar. 31, 2026

Share-Based Payment Arrangement [Abstract]

Schedule of Stock Option Activity

The changes for the three months ended March 31, 2026 in the number of Company Options outstanding related to Ordinary Shares and their related weighted average exercise prices are as follows:

		Number of options				Weighted average exercise price				Weighted average remaining contractual term (in years)				Aggregate intrinsic value (in thousands of USD)
Outstanding as at December 31, 2025			20,625,368			$	13.62
Granted			2,274,140			$	35.07
Exercised			(1,971,548	)		$	5.60
Forfeited			(47,410	)		$	28.63
Outstanding as at March 31, 2026			20,880,550			$	16.68				7.8				327,595
Options exercisable as at March 31, 2026			10,182,441			$	12.02				7.1				203,541

Schedule of Weighted Average Assumptions for Stock Options

Weighted average assumptions used to apply this pricing model were as follows:

				Three months ended March 31,
				2026				2025
Expected life (years)					6.1				6.1
Risk-free rate					3.8	%			4.4	%
Volatility					52.1	%			47.3	%
Dividend yield					0.0	%			0.0	%

Schedule of Restricted Stock Unit Activity

The changes for the three months ended March 31, 2026 in the number of RSUs outstanding are as follows:

		Number of RSUs				Weighted average Fair Value Per Share
Outstanding as at December 31, 2025			728,283			$	25.28
Granted			496,390			$	35.10
Vested			(214,163	)		$	25.93
Forfeited/Cancelled			(2,980	)		$	35.45
Outstanding as at March 31, 2026			1,007,530			$	29.95

Summary of Share-Based Payment Expense

The following summarizes the share-based compensation expense recognized by type of award and line-item:

				Three months ended March 31,
(in thousands of USD)				2026				2025
Share-based compensation expense by type of award
Share options					14,010				12,572
Restricted stock units					3,992				2,641
Total share-based compensation expense					18,002				15,213
Share-based compensation expense by line-item
Research and development expenses					6,848				5,223
Selling, general and administrative expenses					11,154				9,990
Total share-based compensation expense					18,002				15,213

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Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement.

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Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value.

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Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.

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Tabular disclosure of the change in restricted stock units (RSUs).

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