Equity (Tables)
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9 Months Ended |
Sep. 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 September 30, |
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Nine Months Ended September 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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$ |
743 |
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$ |
819 |
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$ |
2,191 |
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$ |
2,273 |
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| Research and development, net |
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1,153 |
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1,540 |
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3,462 |
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4,338 |
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| Selling, general and administrative |
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3,837 |
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3,276 |
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11,581 |
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11,375 |
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Total share-based compensation expenses |
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$ |
5,733 |
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$ |
5,635 |
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$ |
17,234 |
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$ |
17,986 |
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| Schedule of stock option activity |
A summary of the Company’s share option activity for the nine months ended September 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 September 30, 2026 |
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1,163,646 |
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17.35 |
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Options exercisable as of September 30, 2026 |
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1,157,199 |
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17.38 |
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| Schedule of RSUs and PSUs activity |
A summary of the Company’s RSUs and PSUs activity for the nine months ended September 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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2,547,478 |
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9.48 |
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| Vested |
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(1,552,731) |
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11.00 |
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| Forfeited |
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(394,007) |
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10.62 |
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Unvested as of September 30, 2026 |
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5,326,875 |
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10.16 |
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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 nine months ended September 30, 2026 and 2025, respectively:
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Nine Months Ended September 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 |
3,664 |
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(2,353) |
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1,311 |
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| Amounts reclassified from accumulated other comprehensive loss |
(1,288) |
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— |
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(1,288) |
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| Other comprehensive income (loss) |
2,376 |
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(2,353) |
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23 |
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| Balances as of September 30, 2026 |
$ |
1,752 |
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$ |
(7,926) |
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$ |
(6,174) |
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Nine Months Ended September 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 |
(1,144) |
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6,466 |
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5,322 |
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| Amounts reclassified from accumulated other comprehensive loss |
(3,861) |
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— |
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(3,861) |
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| Other comprehensive income (loss) |
(5,005) |
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6,466 |
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1,461 |
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| Balances as of September 30, 2025 |
$ |
(98) |
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$ |
(6,472) |
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$ |
(6,570) |
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