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Net Income (Loss) Per Share (Tables) | 3 Months Ended
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Mar. 31, 2026
Earnings Per Share [Abstract] |
Schedule of Earnings Per Share, Basic and Diluted | The following table sets forth the computation of the Company’s basic and diluted net income (loss) per share:
| Three Months Ended March 31,
| 2026 |  | 2025
Numerator: |  |  |
Net income (loss), as reported | $ | 91,202 |  |  | $ | (17,864) |
Less: Income attributable to participating pre-funded warrant liabilities | (13,567) |  |  | — |
Numerator for net income (loss) attributable to ordinary shareholders - basic | $ | 77,635 |  |  | $ | (17,864) |
Effect of dilutive securities |  |  |
Add: Income attributable to participating pre-funded warrant liabilities | 13,567 |  |  | — |
Less: Change in fair value of warrant liabilities | (130,916) |  |  | (5,633) |
Numerator for net loss attributable to ordinary shareholders - diluted | $ | (39,714) |  |  | $ | (23,497) |
Denominator: |  |  |
Weighted-average number of ordinary shares used in net income (loss) per share - basic | 110,064,581 |  |  | 89,192,252 |
Add: Weighted-average pre-funded warrants | 20,202,112 |  |  | 9,449,371 |
Weighted-average number of ordinary shares used in net loss per share - diluted | 130,266,693 |  |  | 98,641,623 |
Net income (loss) per share - basic | $ | 0.71 |  |  | $ | (0.20) |
Net loss per share - diluted | $ | (0.30) |  |  | $ | (0.24) |
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share | The following table sets forth the potential ordinary shares excluded from the calculation of diluted net loss per share, because including them would have had an anti-dilutive effect:
| Three Months Ended March 31,
| 2026 |  | 2025
Employee share purchase plan | 29,943 |  |  | 37,755 |
Unvested restricted share units | 1,577,522 |  |  | 1,003,044 |
Share options | 9,959,251 |  |  | 9,093,492 |
Warrants - equity-classified | 12,418,922 |  | 12,418,922 |
Warrants - liability-classified | — |  | 36,654,797 |
| 23,985,638 |  | 59,208,010

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- Definition Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 + Details
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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 + Details
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