v3.26.1
DESCRIPTION OF BUSINESS AND ORGANIZATION - Summarized Income and Cash Flow Statement (Details) - USD ($)
$ in Thousands
6 Months Ended 12 Months Ended
Jun. 30, 2023
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
VIEs        
Net Income (Loss)   $ (464,220) $ (1,104,925) $ (742,001)
Net cash used in operating activities   (333,907) (848,520) (386,932)
Net cash generated from (used in) investing activities   277,559 (579,440) (197,985)
Net cash used in financing activities   128,453 1,459,527 284,708
Cash, cash equivalents and restricted cash at beginning of the year $ 739,533 484,937 427,135 739,533
Cash, cash equivalents and restricted cash at end of the year   $ 550,277 $ 484,937 427,135
VIEs        
VIEs        
Net Income (Loss) (74,137)      
Net cash used in operating activities (8,281)      
Net cash generated from (used in) investing activities (38,400)      
Net cash used in financing activities (107,317)      
Effect of exchange rate changes on cash (2,573)      
Net increase in cash (156,571)      
Cash, cash equivalents and restricted cash at beginning of the year 156,571     $ 156,571
VIEs | Consolidation, eliminations        
VIEs        
Other expenses 56,752      
Net cash used in operating activities 88,423      
Net cash provided by operating activities 86,697      
Net cash used in financing activities 158,509      
Net cash provided by financing activities $ 32,715