Equity (Tables)
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6 Months Ended |
Jun. 30, 2026 |
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| Stockholders' Equity Note [Abstract] |
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| Schedule of stock-based compensation expense |
Share-based compensation expenses for equity-classified share options, restricted share units (“RSUs”) and performance-based restricted share units (“PSUs”), in the aggregate, were allocated as follows:
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Three Months Ended June 30, |
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Six Months Ended June 30, |
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2026 |
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2025 |
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2026 |
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2025 |
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(U.S. $ in thousands) |
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(U.S. $ in thousands) |
| Cost of revenues |
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$ |
788 |
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$ |
746 |
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$ |
1,448 |
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$ |
1,454 |
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| Research and development, net |
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1,238 |
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1,557 |
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2,310 |
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2,798 |
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| Selling, general and administrative |
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4,190 |
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3,835 |
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7,743 |
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8,099 |
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Total share-based compensation expenses |
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$ |
6,216 |
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$ |
6,138 |
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$ |
11,501 |
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$ |
12,351 |
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| Schedule of stock option activity |
A summary of the Company’s share option activity for the six months ended June 30, 2026 is as follows:
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Number of Options |
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Weighted Average Exercise Price |
Options outstanding as of January 1, 2026 |
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1,224,196 |
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17.67 |
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| Forfeited |
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(60,550) |
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23.81 |
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Options outstanding as of June 30, 2026 |
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1,163,646 |
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17.35 |
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Options exercisable as of June 30, 2026 |
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1,144,305 |
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17.45 |
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| Schedule of RSUs and PSUs activity |
A summary of the Company’s RSUs and PSUs activity for the six months ended June 30, 2026 is as follows:
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Number of RSUs and PSUs |
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Weighted Average Grant Date Fair Value |
Unvested as of January 1, 2026 |
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4,726,135 |
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10.84 |
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| Granted |
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2,067,768 |
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9.66 |
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| Vested |
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(1,048,255) |
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11.73 |
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| Forfeited |
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(248,031) |
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10.70 |
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Unvested as of June 30, 2026 |
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5,497,617 |
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10.23 |
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| Schedule of accumulated other comprehensive loss |
The following tables present the changes in the components of accumulated other comprehensive income (loss), net of taxes, for the six months ended June 30, 2026 and 2025, respectively:
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Six Months Ended June 30, 2026 |
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Net Unrealized Gain (Loss) on Cash Flow Hedges |
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Foreign Currency Translation Adjustments |
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Total |
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(U.S. $ in thousands) |
Balances as of January 1, 2026 |
$ |
(624) |
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$ |
(5,573) |
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$ |
(6,197) |
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| Other comprehensive income (loss) before reclassifications |
3,744 |
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(1,651) |
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2,093 |
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| Amounts reclassified from accumulated other comprehensive loss |
(457) |
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— |
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(457) |
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| Other comprehensive income (loss) |
3,287 |
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(1,651) |
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1,636 |
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| Balances as of June 30, 2026 |
$ |
2,663 |
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$ |
(7,224) |
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$ |
(4,561) |
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Six Months Ended June 30, 2025 |
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Net Unrealized Gain (Loss) on Cash Flow Hedges |
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Foreign Currency Translation Adjustments |
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Total |
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(U.S. $ in thousands) |
Balances as of January 1, 2025 |
$ |
4,907 |
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$ |
(12,938) |
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$ |
(8,031) |
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Other comprehensive income (loss) before reclassifications |
(2,177) |
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6,772 |
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4,595 |
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| Amounts reclassified from accumulated other comprehensive loss |
(2,782) |
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— |
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(2,782) |
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| Other comprehensive income (loss) |
(4,959) |
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6,772 |
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1,813 |
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| Balances as of June 30, 2025 |
$ |
(52) |
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$ |
(6,166) |
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$ |
(6,218) |
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