v3.26.1
PARENT COMPANY ONLY CONDENSED FINANCIAL INFORMATION - Parent Company Condensed Statements of Comprehensive Loss (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
PARENT COMPANY ONLY CONDENSED FINANCIAL INFORMATION      
Total operating expenses $ (468,408) $ (815,948) $ (838,120)
Interest expenses 63,338 58,218 10,200
Foreign currency exchange gains (losses), net 25,709 (11,664) 42
Changes in fair values of liabilities, excluding impact of instrument-specific credit risk 751 (7,985) 4,448
Loss before income taxes and share of results of equity method investments (450,263) (1,105,106) (748,094)
Income tax expense 15,946 2,012 1,113
Net loss attributable to ordinary shareholders (464,220) (1,104,925) (742,001)
Other comprehensive loss:      
Total comprehensive loss attributable to ordinary shareholders (479,567) (1,075,027) (734,441)
Parent Company      
PARENT COMPANY ONLY CONDENSED FINANCIAL INFORMATION      
Total operating expenses (4,816) (24,322) (2,983)
Interest income 4,891 4,725 6,979
Interest expenses (4,172) (12,876)  
Investment income (loss), net 10,685 13,320 (5,084)
Foreign currency exchange gains (losses), net 6,010 614 (171)
Changes in fair values of liabilities, excluding impact of instrument-specific credit risk (25,778) (285,322) (3,124)
Share of losses from subsidiaries and former consolidated VIEs (451,040) (801,064) (737,618)
Loss before income taxes and share of results of equity method investments (464,220) (1,104,925) (742,001)
Net loss attributable to ordinary shareholders (464,220) (1,104,925) (742,001)
Other comprehensive loss:      
Fair value changes of liabilities due to instrument-specific credit risk, net of nil income taxes 13,875 13,547 (8,650)
Foreign currency translation adjustment, net of nil income taxes (29,222) 16,351 16,210
Total comprehensive loss attributable to ordinary shareholders $ (479,567) $ (1,075,027) $ (734,441)