v3.26.1
SHARE-BASED COMPENSATION - Assumptions used to estimate the fair values of the share options granted (Details) - 2022 Option Incentive Plan
12 Months Ended
Dec. 31, 2025
$ / shares
Dec. 31, 2024
$ / shares
Dec. 31, 2023
$ / shares
Share-Based Compensation Arrangement by Share-Based Payment Award      
Expected volatility, minimum 99.00% 84.00% 82.00%
Expected volatility, maximum 103.00% 89.00% 85.00%
Risk-free interest rate, minimum (per annum) 3.92% 3.74% 3.57%
Risk-free interest rate, maximum (per annum) 4.22% 4.50% 4.47%
Expected dividend yield 0.00% 0.00% 0.00%
Exercise multiples 2.5 2.5 2.5
Expected term 7 years 7 years 7 years
Minimum      
Share-Based Compensation Arrangement by Share-Based Payment Award      
Employee forfeiture rate (per annum) 14.20% 7.50% 2.40%
Fair value of underlying ordinary share (per share) $ 13.09 $ 3.62 $ 7.95
Fair value of awards on valuation date $ 11.65 $ 3.11 $ 5.38
Maximum      
Share-Based Compensation Arrangement by Share-Based Payment Award      
Employee forfeiture rate (per annum) 15.63% 13.30% 7.50%
Fair value of underlying ordinary share (per share) $ 25.77 $ 5.06 $ 15.47
Fair value of awards on valuation date $ 23.23 $ 4.74 $ 10.51