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Income taxes (Tables) | 12 Months Ended
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Dec. 31, 2025
Income Tax Disclosure [Abstract] |
Schedule of Income Before Income Taxes | For financial reporting purposes, loss before income taxes includes the following components:
| December 31,
| 2023 |  | 2024 |  | 2025
Canadian | $ | (146,322) |  |  | $ | (189,474) |  |  | $ | (188,462) |
Foreign | (27,707) |  |  | (10,921) |  |  | 10,867 |
Total | $ | (174,029) |  |  | $ | (200,395) |  |  | $ | (177,595) |
Schedule of Expense (Benefit) for Income Taxes | The recovery for income taxes consists of:
| December 31,
| 2023 |  | 2024 |  | 2025
Current |  |  |  |  |
Canadian | $ | (29,591) |  |  | $ | (18,460) |  |  | $ | (30,044) |
Foreign | — |  |  | 671 |  |  | (201) |
| (29,591) |  |  | (17,789) |  |  | (30,245) |
Deferred and other |  |  |  |  |
Canadian | 4,526 |  |  | 749 |  |  | — |
Foreign | (2,566) |  |  | (20,498) |  |  | (938) |
| 1,960 |  |  | (19,749) |  |  | (938) |
Income tax recovery | $ | (27,631) |  |  | $ | (37,538) |  |  | $ | (31,183) |
| December 31,
| 2023 |  | 2024 |  | 2025
Current tax recovery | $ | (29,591) |  |  | $ | (17,789) |  |  | $ | (30,245) |
Deferred tax expense (recovery) | 1,960 |  |  | (19,749) |  |  | (938) |
Total tax recovery | $ | (27,631) |  |  | $ | (37,538) |  |  | $ | (31,183) |
Schedule of Reconciliation Between Expected Tax Rate on Income From Operations and Statutory Tax Rate | A reconciliation of the Canadian federal statutory income tax rate to our effective tax rate pursuant to the disclosure requirements for the year ended December 31, 2025 is as follows:
| Year ended December 31, 2025
Loss before income taxes | $ | (177,595) |  |  |
Canadian Federal statutory income tax rate (i) | (44,399) |  |  | 25.0 | %
Domestic Federal |  |  |
Change due to SR&ED | (6,002) |  |  | 3.4 | %
Changes in valuation allowance | 12,321 |  |  | (6.9) | %
Stock-based compensation | 11,863 |  |  | (6.6) | %
Other | 252 |  |  | (0.1) | %
Provincial taxes net of Federal benefit (ii) | (1,134) |  |  | 0.6 | %
Foreign Tax Effects |  |  |
United States |  |  |
Change in valuation allowance | (2,775) |  |  | 1.6 | %
Other | 1,101 |  |  | (0.6) | %
Other Foreign Jurisdictions |  |  |
Change in valuation allowance and other | (2,410) |  |  | 1.2 | %
Effective tax rate | $ | (31,183) |  |  | 17.5 | %
(i)The federal tax rate of 25% which is the federal statutory rate of Canada, net of the general rate reduction. (ii)Provincial taxes in British Columbia and Quebec contributed to the majority of the tax effect in this category. Cash taxes paid net of refund received by the Company during 2025 in all jurisdictions was immaterial. A reconciliation of the combined Canadian federal and provincial statutory income tax rates to our effective tax rate for the years ended December 31, 2023 and 2024 is as follows :
| December 31,
| 2023 |  | 2024
Net loss before income taxes | $ | (174,029) |  | $ | (200,395)
Combined statutory tax rate | 27 | % |  | 27 | %
Expected income tax recovery at statutory rates | (46,988) |  | (54,107)
Stock-based compensation | 17,081 |  | 18,226
Change in valuation allowance | 11,485 |  | 15,205
Tax rate differential | (1,042) |  | 1,077
Prior year tax assessments and adjustments | (344) |  | 774
Change due to SR&ED | (7,428) |  | (8,224)
Gain on contingent consideration | — |  | (12,771)
Capital treatment of items | — |  | 2,205
Other | (395) |  | 77
Income tax recovery | $ | (27,631) |  | $ | (37,538)
Schedule of Deferred Income Tax Assets and Liabilities | The significant components of the Company’s deferred income tax assets and liabilities were as follows:
| December 31,
| 2024 |  | 2025
Deferred tax assets |  |  |
Government contributions | $ | 33,308 |  |  | $ | 36,928 |
Operating lease liability | 15,648 |  |  | 38,662 |
Net operating losses carried forward | 15,631 |  |  | 2,130 |
Research and development expenditures and related credits | 33,566 |  |  | 56,049 |
Other | 5,388 |  |  | 1,064 |
| 103,541 |  |  | 134,833 |
Deferred tax liabilities |  |  |
Property and equipment | $ | (20,777) |  |  | $ | (30,594) |
Intangibles | (9,592) |  |  | (8,645) |
Operating lease right-of-use assets | (15,862) |  |  | (36,740) |
Other | (17,453) |  |  | (11,738) |
| (63,684) |  |  | (87,717) |
| 39,857 |  |  | 47,116 |
Less: valuation allowance | (49,909) |  |  | (56,231) |
Net deferred tax liability | (10,052) |  |  | (9,115) |
Deferred tax asset | — |  |  | — |
Deferred tax liability | (10,052) |  |  | (9,115) |
Net deferred tax liability | $ | (10,052) |  |  | $ | (9,115) |

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