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Share-Based Compensation (Tables) | 6 Months Ended
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Jun. 30, 2026
Share-Based Payment Arrangement [Abstract] |
Schedule of Stock Option Activity | The changes for the six months ended June 30, 2026 in the number of Company Options outstanding 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 |  |  | 2,339,540 |  |  | $ | 34.91 |  |  |  |  |  |  |
Exercised |  |  | (2,943,216 | ) |  | $ | 7.78 |  |  |  |  |  |  |
Forfeited |  |  | (149,779 | ) |  | $ | 23.11 |  |  |  |  |  |  |
Outstanding as at June 30, 2026 |  |  | 19,871,913 |  |  | $ | 16.91 |  |  |  | 7.6 |  |  |  | 340,768 |
Options exercisable as at June 30, 2026 |  |  | 10,655,873 |  |  | $ | 12.39 |  |  |  | 6.9 |  |  |  | 229,125 |
Schedule of Weighted Average Assumptions for Stock Options | Weighted average assumptions used to apply this pricing model were as follows:
|  |  |  | Six months ended June 30, |
|  |  |  | 2026 |  |  | 2025 |
Expected life (years) |  |  |  |  | 6.1 |  |  |  | 6.1 |
Risk-free rate |  |  |  |  | 3.8 | % |  |  | 4.4 | %
Volatility |  |  |  |  | 52.2 | % |  |  | 47.5 | %
Dividend yield |  |  |  |  | 0.0 | % |  |  | 0.0 | %
Schedule of Restricted Stock Unit Activity | The changes for the six months ended June 30, 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 |  |  | 514,990 |  |  | $ | 34.89 |
Vested |  |  | (239,784 | ) |  | $ | 25.13 |
Forfeited/Cancelled |  |  | (10,073 | ) |  | $ | 31.41 |
Outstanding as at June 30, 2026 |  |  | 993,416 |  |  | $ | 30.23 |
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 June 30, |  |  | Six months ended June 30, |
(in thousands of USD) |  |  |  | 2026 |  |  | 2025 |  |  | 2026 |  |  | 2025 |
Share-based compensation expense by type of award |  |  |  |  |  |  |  |  |  |  |  |  |  |
Share options |  |  |  |  | 14,365 |  |  |  | 12,518 |  |  |  | 28,375 |  |  |  | 25,090 |
Restricted stock units |  |  |  |  | 4,016 |  |  |  | 2,661 |  |  |  | 8,008 |  |  |  | 5,302 |
Total share-based compensation expense |  |  |  |  | 18,381 |  |  |  | 15,179 |  |  |  | 36,383 |  |  |  | 30,392 |
Share-based compensation expense by line-item |  |  |  |  |  |  |  |  |  |  |  |  |  |
Research and development expenses |  |  |  |  | 5,903 |  |  |  | 5,108 |  |  |  | 12,751 |  |  |  | 10,331 |
Selling, general and administrative expenses |  |  |  |  | 12,478 |  |  |  | 10,071 |  |  |  | 23,632 |  |  |  | 20,061 |
Total share-based compensation expense |  |  |  |  | 18,381 |  |  |  | 15,179 |  |  |  | 36,383 |  |  |  | 30,392 |

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- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Subparagraph (f)(2) -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
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