Fiverr(NYSE:FVRR)

Fiverr International Ltd. operates an online marketplace worldwide. Its platform enables sellers to sell their services and buyers to buy them. The company's platform includes approximately 500 categories in eight verticals, including graphic and design, digital marketing, writing and translation, v...
Website: http://www.fiverr.com
Founded: 2010
IPO Price: $21 (Jun 13, 2019)
Full Time Employees: 419
CEO / Founder: Micha Kaufman
Sector: Communication Services
Industry: Internet Content & Information
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At a glance:
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Quarterly
Annual
| Unit: USD | 2025-11-05 | 2025-07-30 | 2025-06-30 | 2025-05-07 | 2025-02-19 | 2024-12-31 | 2024-10-30 | 2024-07-31 | 2024-05-09 | 2024-02-22 | 2023-12-31 | 2023-11-09 | 2023-08-03 | 2023-05-11 | 2023-02-22 | 2022-12-31 | 2022-11-09 | 2022-08-04 | 2022-05-11 | 2022-02-17 | 2021-12-31 | 2021-11-10 | 2021-08-05 | 2021-05-06 | 2021-02-18 | 2020-12-31 | 2020-10-28 | 2020-10-07 | 2020-08-05 | 2020-05-31 | 2020-02-19 | 2019-12-31 | 2019-11-13 | 2019-08-08 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
revenue | 107,903,000 | 108,648,000 | 215,832,000 | 107,184,000 | 103,666,000 | 103,666,000 | 99,628,000 | 94,663,000 | 93,524,000 | 91,502,000 | 91,502,000 | 92,532,000 | 89,385,000 | 87,956,000 | 83,130,000 | 83,130,000 | 82,541,000 | 85,010,000 | 86,685,000 | 79,755,000 | 79,755,000 | 74,324,000 | 75,263,000 | 68,320,000 | 55,885,000 | 55,885,000 | 52,345,000 | 81,280,000 | 47,130,000 | 34,150,000 | 29,531,000 | 29,531,000 | 27,867,000 | 25,912,000 |
yoy | 4.09% | 4.81% | 116.64% | 13.23% | 10.84% | 13.29% | 8.88% | 2.30% | 4.63% | 4.03% | 10.07% | 11.31% | 8.29% | 3.47% | -4.10% | 4.23% | 3.49% | 14.38% | 15.18% | 16.74% | 42.71% | 32.99% | 43.78% | -15.94% | 18.58% | 63.65% | 77.25% | 175.24% | 69.12% | 31.79% | ||||
qoq | -0.69% | -49.66% | 101.37% | 3.39% | 0.00% | 4.05% | 5.24% | 1.22% | 2.21% | 0.00% | -1.11% | 3.52% | 1.62% | 5.81% | 0.00% | 0.71% | -2.90% | -1.93% | 8.69% | 0.00% | 7.31% | -1.25% | 10.16% | 22.25% | 0.00% | 6.76% | -35.60% | 72.46% | 38.01% | 15.64% | 0.00% | 5.97% | 7.54% | |
cost of revenue | 19,766,000 | 20,384,000 | 40,780,000 | 20,396,000 | 20,201,000 | 20,201,000 | 18,893,000 | 16,024,000 | 15,448,000 | 15,473,000 | 15,473,000 | 15,075,000 | 15,632,000 | 15,666,000 | 15,814,000 | 15,814,000 | 15,631,000 | 17,526,000 | 16,977,000 | 15,213,000 | 15,213,000 | 12,436,000 | 12,528,000 | 11,546,000 | 9,703,000 | 9,703,000 | 8,708,000 | 14,777,000 | 7,957,000 | 6,820,000 | 6,120,000 | 6,120,000 | 5,863,000 | 5,305,000 |
gross profit | 88,137,000 | 88,264,000 | 175,052,000 | 86,788,000 | 83,465,000 | 83,465,000 | 80,735,000 | 78,639,000 | 78,076,000 | 76,029,000 | 76,029,000 | 77,457,000 | 73,753,000 | 72,290,000 | 67,316,000 | 67,316,000 | 66,910,000 | 67,484,000 | 69,708,000 | 64,542,000 | 64,542,000 | 61,888,000 | 62,735,000 | 56,774,000 | 46,182,000 | 46,182,000 | 43,637,000 | 66,503,000 | 39,173,000 | 27,330,000 | 23,411,000 | 23,411,000 | 22,004,000 | 20,607,000 |
yoy | 5.60% | 5.75% | 116.82% | 10.36% | 6.90% | 9.78% | 6.19% | 1.53% | 5.86% | 5.17% | 12.94% | 15.06% | 10.23% | 7.12% | -3.43% | 4.30% | 3.67% | 9.04% | 11.12% | 13.68% | 39.76% | 34.01% | 43.77% | -14.63% | 17.89% | 68.98% | 86.40% | 184.07% | 78.03% | 32.62% | ||||
qoq | -0.14% | -49.58% | 101.70% | 3.98% | 0.00% | 3.38% | 2.67% | 0.72% | 2.69% | 0.00% | -1.84% | 5.02% | 2.02% | 7.39% | 0.00% | 0.61% | -0.85% | -3.19% | 8.00% | 0.00% | 4.29% | -1.35% | 10.50% | 22.94% | 0.00% | 5.83% | -34.38% | 69.77% | 43.33% | 16.74% | 0.00% | 6.39% | 6.78% | |
gross margin % | 81.68% | 81.24% | 81.11% | 80.97% | 80.51% | 80.51% | 81.04% | 83.07% | 83.48% | 83.09% | 83.09% | 83.71% | 82.51% | 82.19% | 80.98% | 80.98% | 81.06% | 79.38% | 80.42% | 80.93% | 80.93% | 83.27% | 83.35% | 83.10% | 82.64% | 82.64% | 83.36% | 81.82% | 83.12% | 80.03% | 79.28% | 79.28% | 78.96% | 79.53% |
operating expenses: | ||||||||||||||||||||||||||||||||||
research and development | 25,150,000 | 23,994,000 | 47,621,000 | 23,627,000 | 22,329,000 | 22,329,000 | 22,424,000 | 21,855,000 | 23,633,000 | 22,054,000 | 22,054,000 | 23,490,000 | 23,289,000 | 21,887,000 | 21,328,000 | 21,328,000 | 22,938,000 | 24,523,000 | 23,774,000 | 21,829,000 | 21,829,000 | 20,490,000 | 20,106,000 | 16,873,000 | 13,570,000 | 13,570,000 | 11,642,000 | 20,507,000 | 10,533,000 | 9,974,000 | 9,322,000 | 9,322,000 | 9,088,000 | 8,457,000 |
sales and marketing | 40,669,000 | 44,844,000 | 92,234,000 | 47,390,000 | 45,232,000 | 45,232,000 | 42,970,000 | 41,324,000 | 42,152,000 | 39,767,000 | 39,767,000 | 40,521,000 | 38,870,000 | 42,050,000 | 40,448,000 | 40,448,000 | 41,959,000 | 44,325,000 | 47,867,000 | 40,244,000 | 40,244,000 | 38,298,000 | 38,184,000 | 42,639,000 | 27,403,000 | 27,403,000 | 25,548,000 | 41,428,000 | 23,207,000 | 18,221,000 | 15,663,000 | 15,663,000 | 15,859,000 | 15,852,000 |
general and administrative | 22,214,000 | 21,415,000 | 42,381,000 | 20,966,000 | 21,782,000 | 21,782,000 | 18,817,000 | 17,764,000 | 16,451,000 | 15,816,000 | 15,816,000 | 15,791,000 | 15,604,000 | 15,499,000 | 7,762,000 | 7,762,000 | 14,489,000 | 13,658,000 | 15,252,000 | 16,345,000 | 16,345,000 | 12,395,000 | 12,789,000 | 11,087,000 | 8,983,000 | 8,983,000 | 7,430,000 | 11,621,000 | 6,031,000 | 5,590,000 | 6,495,000 | 6,495,000 | 5,894,000 | 5,621,000 |
total operating expenses | 88,033,000 | 90,253,000 | 182,236,000 | 91,983,000 | 89,343,000 | 89,343,000 | 84,211,000 | 80,943,000 | 82,236,000 | 77,637,000 | 77,637,000 | 79,802,000 | 77,763,000 | 79,436,000 | 69,538,000 | 69,538,000 | 79,386,000 | 110,135,000 | 86,893,000 | 78,418,000 | 78,418,000 | 71,183,000 | 71,079,000 | 70,599,000 | 49,956,000 | 49,956,000 | 44,620,000 | 73,556,000 | 39,771,000 | 33,785,000 | 31,480,000 | 31,480,000 | 30,841,000 | 29,930,000 |
operating income | 104,000 | -1,989,000 | -7,184,000 | -5,195,000 | -5,878,000 | -5,878,000 | -3,476,000 | -2,304,000 | -4,160,000 | -1,608,000 | -1,608,000 | -2,345,000 | -4,010,000 | -7,146,000 | -2,222,000 | -2,222,000 | -12,476,000 | -42,651,000 | -17,185,000 | -13,876,000 | -13,876,000 | -9,295,000 | -8,344,000 | -13,825,000 | -3,774,000 | -3,774,000 | -983,000 | -7,053,000 | -598,000 | -6,455,000 | -8,069,000 | |||
yoy | -101.77% | -66.16% | 106.67% | 125.48% | 41.30% | 265.55% | 116.17% | -1.75% | 3.74% | -77.50% | -27.63% | 5.54% | -67.86% | -83.25% | -87.07% | -83.99% | -10.09% | 358.86% | 105.96% | 0.37% | 267.67% | 146.29% | 748.83% | 96.02% | 531.10% | -41.53% | -87.82% | |||||||
qoq | -105.23% | -72.31% | 38.29% | -11.62% | 0.00% | 69.10% | 50.87% | -44.62% | 158.71% | 0.00% | -31.43% | -41.52% | -43.88% | 221.60% | 0.00% | -82.19% | -70.75% | 148.19% | 23.85% | 0.00% | 49.28% | 11.40% | -39.65% | 266.32% | 0.00% | 283.93% | -86.06% | 1079.43% | -90.74% | -20.00% | ||||
operating margin % | 0.10% | -1.83% | -3.33% | -4.85% | -5.67% | -5.67% | -3.49% | -2.43% | -4.45% | -1.76% | -1.76% | -2.53% | -4.49% | -8.12% | -2.67% | -2.67% | -15.11% | -50.17% | -19.82% | -17.40% | -17.40% | -12.51% | -11.09% | -20.24% | -6.75% | -6.75% | -1.88% | -8.68% | -1.27% | -18.90% | -27.32% | 0% | 0% | 0% |
financial income | 6,815,000 | 6,554,000 | 13,879,000 | 5,511,000 | 6,881,000 | 8,502,000 | 6,661,000 | 6,914,000 | 348,000 | 570,000 | 822,000 | 491,000 | 331,000 | 684,000 | 684,000 | 483,000 | ||||||||||||||||||
income before taxes on income | 6,919,000 | 4,565,000 | 6,695,000 | 2,130,000 | -216,000 | |||||||||||||||||||||||||||||
taxes on income | -1,382,000 | -1,377,000 | -2,709,000 | |||||||||||||||||||||||||||||||
net income attributable to ordinary shareholders | 5,537,000 | 3,188,000 | 798,000 | 12,838,000 | 1,352,000 | 1,353,000 | 3,267,000 | 788,000 | 4,701,000 | -255,000 | 3,025,000 | 227,000 | ||||||||||||||||||||||
basic net income per share attributable to ordinary shareholders | 0.15 | 0.09 | 0.11 | 0.02 | 0.36 | 0.35 | 0.04 | 0.09 | 0.02 | 0.12 | 0.13 | 0.08 | 0.01 | |||||||||||||||||||||
basic weighted-average ordinary shares | 36,415,189 | 36,585,998 | 36,523,934 | 36,019,143 | 35,658,287 | 36,984,757 | 35,435,532 | 38,089,060 | 38,756,151 | 38,501,155 | 38,066,203 | 38,164,996 | 37,906,971 | |||||||||||||||||||||
diluted net income per share attributable to ordinary shareholders | 0.15 | 0.09 | 0.11 | 0.02 | 0.33 | 0.34 | 0.04 | 0.08 | 0.02 | 0.12 | 0.12 | 0.07 | 0.01 | |||||||||||||||||||||
diluted weighted-average ordinary shares | 37,237,699 | 37,499,304 | 37,617,438 | 37,292,846 | 38,947,644 | 37,840,154 | 36,205,992 | 38,755,863 | 39,604,979 | 39,286,967 | 39,151,047 | 41,389,621 | 41,192,132 | |||||||||||||||||||||
net income | 3,986,000 | -8,077,000 | -8,077,000 | -454,000 | -6,279,000 | -124,000 | -6,155,000 | -7,439,000 | ||||||||||||||||||||||||||
yoy | 6413.71% | 31.23% | -93.90% | |||||||||||||||||||||||||||||||
qoq | 0.00% | 1679.07% | -92.77% | 4963.71% | -97.99% | -17.26% | ||||||||||||||||||||||||||||
net income margin % | 0% | 0% | 1.85% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | -14.45% | -14.45% | -0.87% | -7.73% | -0.26% | -18.02% | -25.19% | 0% | 0% | 0% |
financial income (expenses) | 7,325,000 | 5,662,000 | 6,914,000 | 5,678,000 | 4,487,000 | 3,084,000 | 1,391,000 | 1,391,000 | 1,162,000 | 841,000 | 230,000 | -5,636,000 | -4,959,000 | -4,944,000 | -3,974,000 | -4,192,000 | ||||||||||||||||||
tax benefit | -1,332,000 | 13,054,000 | ||||||||||||||||||||||||||||||||
income before income taxes | 3,026,000 | 3,405,000 | 6,198,000 | 2,501,000 | 5,306,000 | 5,306,000 | 3,333,000 | 477,000 | -4,062,000 | -831,000 | -831,000 | -11,314,000 | -41,810,000 | -16,955,000 | -19,512,000 | -19,512,000 | -14,254,000 | -13,288,000 | -17,799,000 | -7,966,000 | -7,966,000 | -413,000 | -6,231,000 | -107,000 | -6,124,000 | -7,385,000 | ||||||||
income taxes | -1,674,000 | -2,052,000 | -2,931,000 | -1,713,000 | -605,000 | -605,000 | -308,000 | -250,000 | -210,000 | -468,000 | -468,000 | -36,000 | -53,000 | -20,000 | -8,000 | -8,000 | -95,000 | -11,000 | -45,000 | -111,000 | -111,000 | -41,000 | -48,000 | -17,000 | -31,000 | -54,000 | ||||||||
impairment of intangible assets | 27,629,000 | |||||||||||||||||||||||||||||||||
net loss attributable to ordinary shareholders | -4,272,000 | -1,299,000 | -17,547,000 | -11,350,000 | -41,863,000 | -16,975,000 | -19,520,000 | -19,520,000 | -14,349,000 | -13,299,000 | -17,844,000 | -8,077,000 | -8,077,000 | -454,000 | -6,279,000 | -124,000 | -6,155,000 | -7,439,000 | ||||||||||||||||
basic and diluted net loss per share attributable to ordinary shareholders | -0.11 | -0.03 | -0.03 | -0.31 | -1.13 | -0.46 | -0.53 | -0.54 | -0.39 | -0.37 | -0.49 | -0.23 | -0.25 | -0.01 | -0.19 | -0.19 | -0.23 | -0.06 | -0.26 | -0.88 | ||||||||||||||
basic and diluted weighted-average ordinary shares | 37,691,691 | 37,411,657 | 36,856,140 | 37,205,489 | 37,027,317 | 36,842,342 | 36,666,637 | 35,955,014 | 36,512,243 | 36,338,172 | 36,057,885 | 35,643,919 | 32,323,636 | 35,278,996 | 32,484,425 | 33,172,593 | 32,076,421 | 31,900 | 20,503,893 | 31,867 | ||||||||||||||
financial expenses | -5,636,000 | |||||||||||||||||||||||||||||||||
deemed dividend to protected ordinary shareholders | ||||||||||||||||||||||||||||||||||
basic and diluted weighted average ordinary shares | 10,664 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2025-11-05 | 2025-09-30 | 2025-07-30 | 2025-06-30 | 2025-05-07 | 2025-03-31 | 2025-02-19 | 2024-12-31 | 2024-10-30 | 2024-09-30 | 2024-07-31 | 2024-06-30 | 2024-05-09 | 2024-03-31 | 2024-02-22 | 2023-12-31 | 2023-11-09 | 2023-09-30 | 2023-08-03 | 2023-06-30 | 2023-05-11 | 2023-03-31 | 2023-02-22 | 2022-12-31 | 2022-11-09 | 2022-09-30 | 2022-08-04 | 2022-06-30 | 2022-05-11 | 2022-03-31 | 2022-02-17 | 2021-12-31 | 2021-11-10 | 2021-09-30 | 2021-08-05 | 2021-06-30 | 2021-05-06 | 2021-03-31 | 2021-02-18 | 2020-12-31 | 2020-10-28 | 2020-10-07 | 2020-09-30 | 2020-08-05 | 2020-06-30 | 2020-05-31 | 2020-03-31 | 2020-02-19 | 2019-12-31 | 2019-11-13 | 2019-09-30 | 2019-08-08 | 2019-06-30 |
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assets | |||||||||||||||||||||||||||||||||||||||||||||||||||||
current assets: | |||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents | 559,661,000 | 559,661,000 | 313,520,000 | 313,520,000 | 187,104,000 | 187,104,000 | 133,472,000 | 133,472,000 | 159,245,000 | 159,245,000 | 188,729,000 | 188,729,000 | 190,074,000 | 190,074,000 | 183,674,000 | 183,674,000 | 129,885,000 | 129,885,000 | 162,247,000 | 162,247,000 | 93,652,000 | 93,652,000 | 86,752,000 | 86,752,000 | 152,936,000 | 152,936,000 | 98,122,000 | 98,122,000 | 65,446,000 | 65,446,000 | 71,151,000 | 71,151,000 | 145,641,000 | 145,641,000 | 146,722,000 | 146,722,000 | 183,355,000 | 183,355,000 | 268,030,000 | 268,030,000 | 105,964,000 | 127,542,000 | 105,964,000 | 127,542,000 | 127,542,000 | 28,210,000 | 28,210,000 | 24,171,000 | 24,171,000 | 22,741,000 | 22,741,000 | 29,112,000 | 29,112,000 |
marketable securities | 152,809,000 | 152,809,000 | 264,884,000 | 264,884,000 | 315,025,000 | 315,025,000 | 288,947,000 | 288,947,000 | 215,649,000 | 215,649,000 | 182,609,000 | 182,609,000 | 188,882,000 | 188,882,000 | 147,806,000 | 147,806,000 | 151,731,000 | 151,731,000 | 191,492,000 | 191,492,000 | 235,343,000 | 235,343,000 | 241,293,000 | 241,293,000 | 222,630,000 | 222,630,000 | 209,060,000 | 209,060,000 | 146,796,000 | 146,796,000 | 118,150,000 | 118,150,000 | 147,173,000 | 147,173,000 | 166,117,000 | 166,117,000 | 160,540,000 | 160,540,000 | 129,372,000 | 129,372,000 | 68,441,000 | 44,300,000 | 68,441,000 | 44,300,000 | 44,300,000 | 96,337,000 | 96,337,000 | 88,559,000 | 88,559,000 | 109,945,000 | 109,945,000 | 109,417,000 | 109,417,000 |
user funds | 168,291,000 | 168,291,000 | 164,119,000 | 164,119,000 | 167,049,000 | 167,049,000 | 153,309,000 | 153,309,000 | 159,326,000 | 159,326,000 | 156,294,000 | 156,294,000 | 163,222,000 | 163,222,000 | 151,602,000 | 151,602,000 | 160,482,000 | 160,482,000 | 156,976,000 | 156,976,000 | 158,926,000 | 158,926,000 | 143,020,000 | 143,020,000 | 145,297,000 | 145,297,000 | 142,575,000 | 142,575,000 | 147,016,000 | 147,016,000 | 127,713,000 | 127,713,000 | 126,746,000 | 126,746,000 | 121,613,000 | 121,613,000 | 120,327,000 | 120,327,000 | 97,984,000 | 97,984,000 | 93,153,000 | 84,610,000 | 93,153,000 | 84,610,000 | 84,610,000 | 63,873,000 | 63,873,000 | 55,945,000 | 55,945,000 | 54,700,000 | 54,700,000 | 50,003,000 | 50,003,000 |
bank deposits | 39,000,000 | 39,000,000 | 146,000,000 | 145,500,000 | 145,500,000 | 144,843,000 | 124,835,000 | 124,835,000 | 115,862,000 | 115,862,000 | 109,754,000 | 109,754,000 | 85,893,000 | 85,893,000 | 117,138,000 | 117,138,000 | 74,000,000 | 74,000,000 | 134,000,000 | 134,000,000 | 134,000,000 | 134,000,000 | 95,000,000 | 95,000,000 | 110,000,000 | 110,000,000 | 134,000,000 | 134,000,000 | 134,000,000 | 134,000,000 | 134,000,000 | 134,000,000 | 129,000,000 | 129,000,000 | 90,000,000 | 90,000,000 | 90,000,000 | 90,000,000 | 40,000,000 | 30,000,000 | 40,000,000 | 30,000,000 | 30,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 20,000,000 | 20,000,000 | 20,000,000 | 20,000,000 | ||
restricted deposit | 1,502,000 | 1,502,000 | 1,315,000 | 1,315,000 | 1,315,000 | 1,315,000 | 1,315,000 | 1,315,000 | 1,315,000 | 1,315,000 | 1,203,000 | 1,203,000 | 1,284,000 | 1,284,000 | 1,284,000 | 1,284,000 | 1,284,000 | 1,284,000 | 1,284,000 | 1,284,000 | 1,172,000 | 1,172,000 | 1,172,000 | 1,172,000 | 1,172,000 | 1,172,000 | 35,000 | 35,000 | 346,000 | 346,000 | 346,000 | 346,000 | 346,000 | 346,000 | 346,000 | 346,000 | 324,000 | 324,000 | 324,000 | 324,000 | 324,000 | 324,000 | 324,000 | 324,000 | 324,000 | 310,000 | 310,000 | 310,000 | 310,000 | ||||
other receivables | 35,269,000 | 35,269,000 | 40,392,000 | 40,392,000 | 31,179,000 | 31,179,000 | 34,198,000 | 34,198,000 | 36,248,000 | 36,248,000 | 29,366,000 | 29,366,000 | 26,953,000 | 26,953,000 | 24,217,000 | 24,217,000 | 25,735,000 | 25,735,000 | 22,160,000 | 22,160,000 | 20,573,000 | 20,573,000 | 19,019,000 | 19,019,000 | 18,545,000 | 18,545,000 | 16,095,000 | 16,095,000 | 14,532,000 | 14,532,000 | 14,250,000 | 14,250,000 | 8,612,000 | 8,612,000 | 7,667,000 | 7,667,000 | 6,549,000 | 6,549,000 | 5,418,000 | 5,418,000 | 4,066,000 | 3,570,000 | 4,066,000 | 3,570,000 | 3,570,000 | 2,871,000 | 2,871,000 | 3,117,000 | 3,117,000 | 2,889,000 | 2,889,000 | 2,997,000 | 2,997,000 |
total current assets | 956,532,000 | 956,532,000 | 930,230,000 | 930,230,000 | 847,172,000 | 847,172,000 | 756,084,000 | 756,084,000 | 696,618,000 | 696,618,000 | 674,063,000 | 674,063,000 | 680,169,000 | 680,169,000 | 594,476,000 | 594,476,000 | 586,255,000 | 586,255,000 | 608,159,000 | 608,159,000 | 643,631,000 | 643,631,000 | 625,221,000 | 625,221,000 | 635,580,000 | 635,580,000 | 577,024,000 | 577,024,000 | 508,962,000 | 508,962,000 | 468,218,000 | 468,218,000 | 562,518,000 | 562,518,000 | 571,465,000 | 571,465,000 | 561,117,000 | 561,117,000 | 591,150,000 | 591,150,000 | 311,948,000 | 290,346,000 | 311,948,000 | 290,346,000 | 290,346,000 | 206,615,000 | 206,615,000 | 187,116,000 | 187,116,000 | 210,585,000 | 210,585,000 | 211,839,000 | 211,839,000 |
long-term assets: | |||||||||||||||||||||||||||||||||||||||||||||||||||||
property and equipment | 3,562,000 | 3,562,000 | 3,883,000 | 3,883,000 | 4,208,000 | 4,208,000 | 4,271,000 | 4,271,000 | 4,394,000 | 4,394,000 | 4,526,000 | 4,526,000 | 4,705,000 | 4,705,000 | 4,735,000 | 4,735,000 | 4,992,000 | 4,992,000 | 5,256,000 | 5,256,000 | 5,369,000 | 5,369,000 | 5,660,000 | 5,660,000 | 6,034,000 | 6,034,000 | 6,253,000 | 6,253,000 | 6,569,000 | 6,569,000 | 6,555,000 | 6,555,000 | 6,415,000 | 6,415,000 | 6,367,000 | 6,367,000 | 6,176,000 | 6,176,000 | 6,265,000 | 6,265,000 | 5,724,000 | 5,499,000 | 5,724,000 | 5,499,000 | 5,499,000 | 5,379,000 | 5,379,000 | 5,321,000 | 5,321,000 | 5,418,000 | 5,418,000 | 5,309,000 | 5,309,000 |
operating lease right of use asset | 3,179,000 | 3,179,000 | 3,829,000 | 4,481,000 | 4,481,000 | 5,122,000 | 5,761,000 | 5,761,000 | 6,393,000 | 6,393,000 | 6,121,000 | 6,121,000 | 6,720,000 | 7,525,000 | 7,525,000 | 8,115,000 | 8,115,000 | 8,376,000 | 8,376,000 | 9,077,000 | 9,893,000 | 9,893,000 | 10,612,000 | 10,612,000 | 11,351,000 | 11,351,000 | 11,727,000 | 13,394,000 | 13,394,000 | 14,136,000 | 14,136,000 | 14,875,000 | 14,875,000 | 15,611,000 | |||||||||||||||||||
intangible assets | 30,014,000 | 30,014,000 | 35,077,000 | 35,077,000 | 38,742,000 | 38,742,000 | 41,882,000 | 41,882,000 | 44,175,000 | 44,175,000 | 13,755,000 | 13,755,000 | 10,043,000 | 10,043,000 | 10,722,000 | 10,722,000 | 11,566,000 | 11,566,000 | 12,387,000 | 12,387,000 | 13,547,000 | 13,547,000 | 14,770,000 | 14,770,000 | 16,305,000 | 16,305,000 | 17,624,000 | 17,624,000 | 47,131,000 | 47,131,000 | 49,221,000 | 49,221,000 | 9,227,000 | 9,227,000 | 9,767,000 | 9,767,000 | 10,520,000 | 10,520,000 | 5,884,000 | 5,884,000 | 6,700,000 | 6,048,000 | 6,700,000 | 6,048,000 | 6,048,000 | 6,594,000 | 6,594,000 | 7,188,000 | 7,188,000 | 7,396,000 | 7,396,000 | 7,917,000 | 7,917,000 |
goodwill | 110,218,000 | 110,218,000 | 110,218,000 | 110,218,000 | 110,218,000 | 110,218,000 | 110,218,000 | 110,218,000 | 110,218,000 | 110,218,000 | 81,992,000 | 81,992,000 | 77,270,000 | 77,270,000 | 77,270,000 | 77,270,000 | 77,270,000 | 77,270,000 | 77,270,000 | 77,270,000 | 77,270,000 | 77,270,000 | 77,270,000 | 77,270,000 | 77,270,000 | 77,270,000 | 77,270,000 | 77,270,000 | 77,270,000 | 77,270,000 | 77,270,000 | 77,270,000 | 15,900,000 | 15,900,000 | 15,900,000 | 15,900,000 | 15,844,000 | 15,844,000 | 11,240,000 | 11,240,000 | 11,240,000 | 11,240,000 | 11,240,000 | 11,240,000 | 11,240,000 | 11,240,000 | 11,240,000 | 11,240,000 | 11,240,000 | 11,240,000 | 11,240,000 | 11,240,000 | 11,240,000 |
other non-current assets | 32,136,000 | 32,136,000 | 31,593,000 | 31,593,000 | 31,023,000 | 31,023,000 | 30,388,000 | 30,388,000 | 9,495,000 | 9,495,000 | 1,254,000 | 1,254,000 | 1,304,000 | 1,304,000 | 1,349,000 | 1,349,000 | 1,337,000 | 1,337,000 | 1,393,000 | 1,393,000 | 1,548,000 | 1,548,000 | 1,965,000 | 1,965,000 | 2,072,000 | 2,072,000 | 2,113,000 | 2,113,000 | 1,130,000 | 1,130,000 | 1,040,000 | 1,040,000 | 709,000 | 709,000 | 528,000 | 528,000 | 1,044,000 | 1,044,000 | 415,000 | 415,000 | 454,000 | 471,000 | 454,000 | 471,000 | 471,000 | 473,000 | 473,000 | 522,000 | 522,000 | 493,000 | 493,000 | 463,000 | 463,000 |
total long-term assets | 179,109,000 | 179,109,000 | 208,370,000 | 208,370,000 | 258,388,000 | 258,388,000 | 313,890,000 | 313,890,000 | 338,192,000 | 338,192,000 | 324,831,000 | 324,831,000 | |||||||||||||||||||||||||||||||||||||||||
total assets | 1,135,641,000 | 1,135,641,000 | 1,138,600,000 | 1,138,600,000 | 1,105,560,000 | 1,105,560,000 | 1,069,974,000 | 1,069,974,000 | 1,034,810,000 | 1,034,810,000 | 998,894,000 | 998,894,000 | 1,057,449,000 | 1,057,449,000 | 1,023,604,000 | 1,023,604,000 | 1,000,601,000 | 1,000,601,000 | 971,619,000 | 971,619,000 | 956,625,000 | 956,625,000 | 923,802,000 | 923,802,000 | 916,445,000 | 916,445,000 | 912,032,000 | 912,032,000 | 944,213,000 | 944,213,000 | 931,570,000 | 931,570,000 | 906,143,000 | 906,143,000 | 895,615,000 | 895,615,000 | 892,547,000 | 892,547,000 | 861,202,000 | 861,202,000 | 419,787,000 | 404,613,000 | 419,787,000 | 404,613,000 | 404,613,000 | 247,465,000 | 247,465,000 | 236,360,000 | 236,360,000 | 238,314,000 | 238,314,000 | 239,950,000 | 239,950,000 |
liabilities and shareholders' equity | |||||||||||||||||||||||||||||||||||||||||||||||||||||
current liabilities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||
trade payables | 4,873,000 | 4,873,000 | 6,922,000 | 6,922,000 | 6,947,000 | 6,947,000 | 5,533,000 | 5,533,000 | 2,851,000 | 2,851,000 | 5,368,000 | 5,368,000 | 4,671,000 | 4,671,000 | 5,494,000 | 5,494,000 | 3,308,000 | 3,308,000 | 2,268,000 | 2,268,000 | 4,835,000 | 4,835,000 | 8,630,000 | 8,630,000 | 5,814,000 | 5,814,000 | 3,957,000 | 3,957,000 | 3,371,000 | 3,371,000 | 8,699,000 | 8,699,000 | 4,225,000 | 4,225,000 | 3,962,000 | 3,962,000 | 4,728,000 | 4,728,000 | 3,622,000 | 3,622,000 | 6,100,000 | 5,963,000 | 6,100,000 | 5,963,000 | 5,963,000 | 3,193,000 | 3,193,000 | 3,749,000 | 3,749,000 | 1,995,000 | 1,995,000 | 4,518,000 | 4,518,000 |
user accounts | 155,704,000 | 155,704,000 | 152,047,000 | 152,047,000 | 154,626,000 | 154,626,000 | 141,691,000 | 141,691,000 | 148,288,000 | 148,288,000 | 145,494,000 | 145,494,000 | 152,126,000 | 152,126,000 | 142,203,000 | 142,203,000 | 149,343,000 | 149,343,000 | 146,387,000 | 146,387,000 | 147,995,000 | 147,995,000 | 133,032,000 | 133,032,000 | 134,965,000 | 134,965,000 | 132,442,000 | 132,442,000 | 136,346,000 | 136,346,000 | 118,616,000 | 118,616,000 | 118,171,000 | 118,171,000 | 113,723,000 | 113,723,000 | 112,320,000 | 112,320,000 | 92,027,000 | 92,027,000 | 87,374,000 | 79,933,000 | 87,374,000 | 79,933,000 | 79,933,000 | 60,151,000 | 60,151,000 | 53,013,000 | 53,013,000 | 54,700,000 | 54,700,000 | 50,003,000 | 50,003,000 |
deferred revenue | 19,624,000 | 19,624,000 | 20,839,000 | 20,839,000 | 22,002,000 | 22,002,000 | 20,090,000 | 20,090,000 | 19,606,000 | 19,606,000 | 12,165,000 | 12,165,000 | 12,942,000 | 12,942,000 | 11,047,000 | 11,047,000 | 13,036,000 | 13,036,000 | 12,184,000 | 12,184,000 | 12,972,000 | 12,972,000 | 11,353,000 | 11,353,000 | 11,616,000 | 11,616,000 | 12,291,000 | 12,291,000 | 13,528,000 | 13,528,000 | 12,145,000 | 12,145,000 | 9,113,000 | 9,113,000 | 8,375,000 | 8,375,000 | 8,254,000 | 8,254,000 | 5,957,000 | 5,957,000 | 5,837,000 | 5,054,000 | 5,837,000 | 5,054,000 | 5,054,000 | 4,258,000 | 4,258,000 | 3,248,000 | 3,248,000 | ||||
other account payables and accrued expenses | 74,643,000 | 74,643,000 | 64,930,000 | 64,930,000 | 59,096,000 | 59,096,000 | 57,167,000 | 57,167,000 | 59,591,000 | 59,591,000 | 47,074,000 | 47,074,000 | 48,288,000 | 48,288,000 | 44,110,000 | 44,110,000 | 48,015,000 | 48,015,000 | 44,559,000 | 44,559,000 | 43,490,000 | 43,490,000 | 41,328,000 | 41,328,000 | 58,011,000 | 58,011,000 | 62,022,000 | 62,022,000 | 61,630,000 | 61,630,000 | 44,260,000 | 44,260,000 | 42,871,000 | 42,871,000 | 43,591,000 | 43,591,000 | 50,206,000 | 50,206,000 | 40,396,000 | 40,396,000 | 26,972,000 | 25,601,000 | 26,972,000 | 25,601,000 | 25,601,000 | 28,288,000 | 28,288,000 | 21,426,000 | 21,426,000 | 22,097,000 | 22,097,000 | 20,120,000 | 20,120,000 |
operating lease liabilities | 2,917,000 | 2,917,000 | 2,827,000 | 2,827,000 | 2,567,000 | 2,567,000 | 2,608,000 | 2,608,000 | 2,570,000 | 2,570,000 | 2,575,000 | 2,575,000 | 2,541,000 | 2,541,000 | 2,571,000 | 2,571,000 | 2,453,000 | 2,453,000 | 2,447,000 | 2,447,000 | 2,505,000 | 2,505,000 | 2,755,000 | 2,755,000 | 3,014,000 | 3,014,000 | 3,140,000 | 3,140,000 | 3,393,000 | 3,393,000 | 3,055,000 | 3,055,000 | 3,397,000 | 3,397,000 | 3,340,000 | 3,340,000 | 3,255,000 | 3,255,000 | 3,307,000 | 3,307,000 | |||||||||||||
convertible notes | 459,786,000 | 459,786,000 | 459,143,000 | 459,143,000 | 458,501,000 | 458,501,000 | 457,860,000 | 457,860,000 | 457,220,000 | 457,220,000 | 456,580,000 | 456,580,000 | 455,942,000 | 455,942,000 | 455,305,000 | 455,305,000 | 454,668,000 | 454,668,000 | 454,033,000 | 454,033,000 | 453,398,000 | 453,398,000 | 452,764,000 | 452,764,000 | 452,131,000 | 452,131,000 | 451,499,000 | 451,499,000 | 450,868,000 | 450,868,000 | 372,076,000 | 372,076,000 | 366,964,000 | 366,964,000 | 361,923,000 | 361,923,000 | 356,950,000 | 356,950,000 | 352,034,000 | 352,034,000 | |||||||||||||
total current liabilities | 717,547,000 | 717,547,000 | 706,708,000 | 706,708,000 | 703,739,000 | 703,739,000 | 684,949,000 | 684,949,000 | 232,906,000 | 232,906,000 | 212,676,000 | 212,676,000 | 220,568,000 | 220,568,000 | 205,425,000 | 205,425,000 | 216,155,000 | 216,155,000 | 207,845,000 | 207,845,000 | 211,797,000 | 211,797,000 | 197,098,000 | 197,098,000 | 213,420,000 | 213,420,000 | 213,852,000 | 213,852,000 | 218,268,000 | 218,268,000 | 189,044,000 | 189,044,000 | 180,093,000 | 180,093,000 | 173,498,000 | 173,498,000 | 179,293,000 | 179,293,000 | 145,869,000 | 145,869,000 | 126,801,000 | 117,059,000 | 126,801,000 | 117,059,000 | 117,059,000 | 96,380,000 | 96,380,000 | 81,939,000 | 81,939,000 | 79,288,000 | 79,288,000 | 75,124,000 | 75,124,000 |
long-term liabilities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||
other non-current liabilities | 18,586,000 | 18,586,000 | 25,481,000 | 25,481,000 | 21,139,000 | 21,139,000 | 19,628,000 | 19,628,000 | 16,861,000 | 16,861,000 | 4,111,000 | 4,111,000 | 2,641,000 | 2,641,000 | 2,618,000 | 2,618,000 | 2,411,000 | 2,411,000 | 2,201,000 | 2,201,000 | |||||||||||||||||||||||||||||||||
total long-term liabilities | 19,446,000 | 19,446,000 | 27,028,000 | 27,028,000 | 23,213,000 | 23,213,000 | 22,375,000 | 22,375,000 | 477,418,000 | 477,418,000 | 464,573,000 | 464,573,000 | 462,398,000 | 462,398,000 | 462,405,000 | 462,405,000 | 461,915,000 | 461,915,000 | 461,817,000 | 461,817,000 | 461,432,000 | 461,432,000 | 460,972,000 | 460,972,000 | 460,293,000 | 460,293,000 | 460,409,000 | 460,409,000 | 461,719,000 | 461,719,000 | 395,658,000 | 395,658,000 | 378,773,000 | 378,773,000 | 376,367,000 | 376,367,000 | 371,968,000 | 371,968,000 | 369,930,000 | 369,930,000 | |||||||||||||
total liabilities | 736,993,000 | 736,993,000 | 733,736,000 | 733,736,000 | 726,952,000 | 726,952,000 | 707,324,000 | 707,324,000 | 710,324,000 | 710,324,000 | 677,249,000 | 677,249,000 | 682,966,000 | 682,966,000 | 667,830,000 | 667,830,000 | 678,070,000 | 678,070,000 | 669,662,000 | 669,662,000 | 673,229,000 | 673,229,000 | 658,070,000 | 658,070,000 | 673,713,000 | 673,713,000 | 674,261,000 | 674,261,000 | 679,987,000 | 679,987,000 | 584,702,000 | 584,702,000 | 558,866,000 | 558,866,000 | 549,865,000 | 549,865,000 | 551,261,000 | 551,261,000 | 515,799,000 | 515,799,000 | 130,955,000 | 121,029,000 | 130,955,000 | 121,029,000 | 121,029,000 | 100,312,000 | 100,312,000 | 87,551,000 | 87,551,000 | 84,677,000 | 84,677,000 | ||
shareholders' equity: | |||||||||||||||||||||||||||||||||||||||||||||||||||||
share capital and additional paid-in capital | 772,916,000 | 772,916,000 | 760,995,000 | 743,289,000 | 743,289,000 | 727,176,000 | 701,490,000 | 701,490,000 | 681,887,000 | 681,887,000 | 660,276,000 | 660,276,000 | 640,846,000 | 621,881,000 | 621,881,000 | 604,106,000 | 604,106,000 | 584,303,000 | 584,303,000 | 565,834,000 | 545,752,000 | 545,752,000 | 527,494,000 | 527,494,000 | 505,710,000 | 505,710,000 | 585,548,000 | 565,266,000 | 565,266,000 | 549,372,000 | 549,372,000 | 532,466,000 | 532,466,000 | 517,444,000 | 452,550,000 | 452,550,000 | 446,819,000 | 446,819,000 | 311,096,000 | 311,096,000 | 306,334,000 | 303,664,000 | 303,664,000 | 301,100,000 | 301,100,000 | ||||||||
accumulated deficit | -379,190,000 | -379,190,000 | -362,207,000 | -362,207,000 | -365,395,000 | -365,395,000 | -366,193,000 | -366,193,000 | -379,031,000 | -379,031,000 | -357,404,000 | -357,404,000 | -283,570,000 | -283,570,000 | -284,358,000 | -284,358,000 | -289,059,000 | -289,059,000 | -292,084,000 | -292,084,000 | -292,311,000 | -292,311,000 | -288,039,000 | -288,039,000 | -286,740,000 | -286,740,000 | -275,390,000 | -275,390,000 | -233,527,000 | -233,527,000 | -237,585,000 | -237,585,000 | -218,065,000 | -218,065,000 | -203,716,000 | -203,716,000 | -190,417,000 | -190,417,000 | -172,573,000 | -172,573,000 | -164,496,000 | -164,042,000 | -164,496,000 | -164,042,000 | -164,042,000 | -163,918,000 | -163,918,000 | -157,763,000 | -157,763,000 | ||||
accumulated other comprehensive income | 4,922,000 | 4,922,000 | 6,076,000 | 6,076,000 | 714,000 | 714,000 | 1,667,000 | 1,667,000 | 2,027,000 | 2,027,000 | -2,838,000 | -2,838,000 | -2,223,000 | -2,223,000 | -714,000 | -714,000 | -10,291,000 | -10,291,000 | -10,065,000 | -10,065,000 | -8,596,000 | -8,596,000 | -12,063,000 | -16,280,000 | -16,280,000 | -14,333,000 | -14,333,000 | -7,957,000 | -7,957,000 | -1,095,000 | -1,095,000 | 76,000 | 76,000 | 94,000 | 94,000 | -763,000 | -763,000 | 532,000 | 532,000 | 778,000 | 807,000 | 778,000 | 807,000 | 807,000 | -25,000 | -25,000 | 238,000 | 238,000 | 297,000 | 297,000 | 316,000 | 316,000 | |
total shareholders' equity | 398,648,000 | 398,648,000 | 404,864,000 | 378,608,000 | 378,608,000 | 362,650,000 | 324,486,000 | 324,486,000 | 321,645,000 | 321,645,000 | 374,483,000 | 374,483,000 | 355,774,000 | 322,531,000 | 322,531,000 | 301,957,000 | 301,957,000 | 283,396,000 | 283,396,000 | 265,732,000 | 242,732,000 | 242,732,000 | 237,771,000 | 237,771,000 | 264,226,000 | 264,226,000 | 346,868,000 | 347,277,000 | 347,277,000 | 345,750,000 | 345,750,000 | 341,286,000 | 341,286,000 | 345,403,000 | 288,832,000 | 288,832,000 | 283,584,000 | 283,584,000 | 147,153,000 | 147,153,000 | 148,809,000 | 148,809,000 | |||||||||||
total liabilities and shareholders' equity | 1,135,641,000 | 1,135,641,000 | 1,138,600,000 | 1,105,560,000 | 1,105,560,000 | 1,069,974,000 | 1,034,810,000 | 1,034,810,000 | 998,894,000 | 998,894,000 | 1,057,449,000 | 1,057,449,000 | 1,023,604,000 | 1,000,601,000 | 1,000,601,000 | 971,619,000 | 971,619,000 | 956,625,000 | 956,625,000 | 923,802,000 | 916,445,000 | 916,445,000 | 912,032,000 | 912,032,000 | 944,213,000 | 944,213,000 | 931,570,000 | 906,143,000 | 906,143,000 | 895,615,000 | 895,615,000 | 892,547,000 | 892,547,000 | 861,202,000 | 419,787,000 | 419,787,000 | 404,613,000 | 404,613,000 | 247,465,000 | 247,465,000 | 236,360,000 | 236,360,000 | |||||||||||
short-term bank deposits | 146,000,000 | 144,843,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
operating lease right-of-use assets | 3,829,000 | 5,122,000 | 6,720,000 | 9,077,000 | 11,727,000 | 15,611,000 | |||||||||||||||||||||||||||||||||||||||||||||||
liabilities and shareholders’ equity | |||||||||||||||||||||||||||||||||||||||||||||||||||||
commitments and contingencies | |||||||||||||||||||||||||||||||||||||||||||||||||||||
shareholders’ equity: | |||||||||||||||||||||||||||||||||||||||||||||||||||||
shares authorized: 127,400,000 ordinary shares with no par value as of june 30, 2025 and december 31, 2024. shares issued and outstanding: 36,864,434 and 35,844,114 ordinary shares as of june 30, 2025 and december 31, 2024, respectively | |||||||||||||||||||||||||||||||||||||||||||||||||||||
additional paid-in capital | 760,995,000 | 727,176,000 | 640,846,000 | 565,834,000 | 585,548,000 | 517,444,000 | |||||||||||||||||||||||||||||||||||||||||||||||
total shareholders’ equity | 404,864,000 | 362,650,000 | 355,774,000 | 265,732,000 | 346,868,000 | 345,403,000 | 283,584,000 | 153,637,000 | 153,637,000 | 159,524,000 | 159,524,000 | ||||||||||||||||||||||||||||||||||||||||||
total liabilities and shareholders’ equity | 1,138,600,000 | 1,069,974,000 | 1,023,604,000 | 923,802,000 | 931,570,000 | 861,202,000 | 404,613,000 | 238,314,000 | 238,314,000 | 239,950,000 | 239,950,000 | ||||||||||||||||||||||||||||||||||||||||||
shares authorized: 127,400,000 ordinary shares with no par value as of december 31, 2024 and 2023. shares issued and outstanding: 35,844,114 and 38,653,958 ordinary shares as of december 31, 2024 and 2023, respectively | |||||||||||||||||||||||||||||||||||||||||||||||||||||
restricted cash | 1,137,000 | 1,137,000 | 1,137,000 | 1,137,000 | 2,919,000 | 2,919,000 | |||||||||||||||||||||||||||||||||||||||||||||||
shares authorized: 127,400,000 and 75,000,000 ordinary shares with no par value as of december 31, 2023 and 2022, respectively | |||||||||||||||||||||||||||||||||||||||||||||||||||||
shares issued and outstanding: 38,653,958 and 37,537,563 ordinary shares as of december 31, 2023 and 2022, respectively | |||||||||||||||||||||||||||||||||||||||||||||||||||||
long-term loan and other non-current liabilities | 2,084,000 | 2,084,000 | 1,559,000 | 1,559,000 | 1,019,000 | 1,019,000 | 1,057,000 | 1,057,000 | 1,410,000 | 1,410,000 | 13,099,000 | 13,099,000 | 426,000 | 426,000 | 2,348,000 | 2,348,000 | 2,370,000 | 2,370,000 | 4,035,000 | 4,035,000 | 4,154,000 | 3,970,000 | 4,154,000 | 3,970,000 | 3,970,000 | 3,932,000 | 3,932,000 | 5,612,000 | 5,612,000 | 5,389,000 | 5,389,000 | 5,302,000 | 5,302,000 | ||||||||||||||||||||
current maturities of long-term loan | 2,269,000 | 2,269,000 | 2,316,000 | 2,316,000 | 507,000 | 507,000 | 530,000 | 530,000 | 560,000 | 560,000 | 518,000 | 508,000 | 518,000 | 508,000 | 508,000 | 490,000 | 490,000 | 503,000 | 503,000 | 496,000 | 496,000 | 483,000 | 483,000 | ||||||||||||||||||||||||||||||
shares authorized: 75,000,000 ordinary shares with no par value as of december 31, 2022 and 2021 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
shares issued and outstanding: 37,537,563 and 36,761,108 ordinary shares as of december 31, 2022 and 2021, respectively | |||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive loss | -12,063,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
shares authorized: 75,000,000 ordinary shares with no par value as of december 31, 2021 and 2020 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
shares issued and outstanding: 36,761,108 and 35,842,980 ordinary shares as of december 31, 2021 and 2020, respectively | |||||||||||||||||||||||||||||||||||||||||||||||||||||
shareholder’ equity: | |||||||||||||||||||||||||||||||||||||||||||||||||||||
shares authorized: 75,000,000 ordinary shares with no par value as of december 31, 2020 and 2019 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
shares issued and outstanding: 35,842,980 and 31,937,772 ordinary shares as of december 31, 2020 and 2019, respectively | |||||||||||||||||||||||||||||||||||||||||||||||||||||
share capital and additional paid-in capital: | |||||||||||||||||||||||||||||||||||||||||||||||||||||
shares authorized: 75,000,000 ordinary shares with no par value as of june 30, 2020 (unaudited), and december 31, 2019 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
shares issued and outstanding: 35,039,067 ordinary shares as of june 30, 2020 (unaudited) and 31,937,772 ordinary shares as of december 31, 2019 | 446,819,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
shares authorized: 75,000,000 ordinary shares with no par value as of december 31, 2019, 31,390,135 ordinary shares and protected ordinary shares with no par value as of december 31, 2018 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
shares issued and outstanding: 31,937,772 ordinary shares as of december 31, 2019, 7,063,458 ordinary shares and 18,461,912 protected ordinary shares as of december 31, 2018. | 306,334,000 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2025-09-30 | 2025-06-30 | 2025-05-07 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-05-09 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-05-11 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-05-11 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-05-06 | 2021-03-31 | 2020-12-31 | 2020-10-28 | 2020-09-30 | 2020-06-30 | 2020-05-31 | 2020-03-31 | 2019-12-31 | 2019-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
cash flows from operating activities: | ||||||||||||||||||||||||||||||||
net income | 2,349,000 | 3,188,000 | 798,000 | 798,000 | 16,893,000 | -1,914,000 | 2,479,000 | 788,000 | 788,000 | 656,000 | 2,798,000 | -4,272,000 | -16,975,000 | -17,844,000 | -6,155,000 | |||||||||||||||||
adjustments to reconcile net income to net cash from operating activities: | ||||||||||||||||||||||||||||||||
depreciation and amortization | -1,015,000 | 4,089,000 | 4,284,000 | 4,284,000 | 7,084,000 | 1,786,000 | 456,000 | 1,150,000 | 1,150,000 | 4,666,000 | -333,000 | -71,000 | 1,725,000 | 1,725,000 | 8,247,000 | -1,204,000 | 32,000 | 3,110,000 | 3,110,000 | 5,463,000 | 40,000 | 55,000 | 1,318,000 | 1,318,000 | 3,208,000 | -851,000 | 114,000 | 51,000 | 965,000 | 965,000 | 2,610,000 | 51,000 |
amortization of premium and accretion of discount of marketable securities | 2,302,000 | -67,000 | -67,000 | 296,000 | -60,000 | -1,094,000 | -1,094,000 | |||||||||||||||||||||||||
amortization of discount and issuance costs of convertible notes | 1,000 | 642,000 | 641,000 | 641,000 | 1,915,000 | 2,000 | 1,000 | 637,000 | 637,000 | 1,906,000 | 0 | 1,000 | 634,000 | 634,000 | 1,895,000 | 1,000 | 0 | 631,000 | 631,000 | 14,989,000 | 67,000 | 69,000 | 4,904,000 | 4,904,000 | ||||||||
shared-based compensation | -2,130,000 | 15,754,000 | 15,754,000 | 26,000 | -582,000 | 19,020,000 | 19,020,000 | -73,000 | 911,000 | 16,719,000 | 16,719,000 | -1,502,000 | 1,111,000 | 18,003,000 | 18,003,000 | 1,930,000 | 2,691,000 | 10,483,000 | 10,483,000 | 694,000 | 300,000 | 2,762,000 | 2,762,000 | |||||||||
exchange rate fluctuations and other items | 176,000 | -345,000 | 1,000 | 1,000 | 332,000 | -161,000 | -56,000 | 111,000 | 111,000 | |||||||||||||||||||||||
impairment of intangible assets | ||||||||||||||||||||||||||||||||
revaluation of earn out | ||||||||||||||||||||||||||||||||
changes in assets and liabilities: | ||||||||||||||||||||||||||||||||
user funds | -7,102,000 | 2,930,000 | -13,740,000 | -13,740,000 | 1,325,000 | -9,960,000 | 18,548,000 | -11,620,000 | -11,620,000 | -5,076,000 | -5,456,000 | 17,856,000 | -15,906,000 | -15,906,000 | -12,585,000 | -7,163,000 | 23,744,000 | -19,303,000 | -19,303,000 | -24,596,000 | -3,847,000 | 21,057,000 | -22,343,000 | -22,343,000 | -33,496,000 | 20,122,000 | 12,194,000 | -12,809,000 | -7,928,000 | -7,928,000 | ||
operating lease rou assets and liabilities | -332,000 | 385,000 | -73,000 | -73,000 | -186,000 | 259,000 | -79,000 | -98,000 | -98,000 | -54,000 | 13,000 | 84,000 | -248,000 | -248,000 | -1,368,000 | 984,000 | -772,000 | -329,000 | -329,000 | 167,000 | -186,000 | 801,000 | -529,000 | -529,000 | ||||||||
other receivables | 5,740,000 | -3,942,000 | 431,000 | 431,000 | -17,423,000 | 1,304,000 | 779,000 | -2,976,000 | -2,976,000 | 632,000 | -1,736,000 | -799,000 | -974,000 | -974,000 | -2,445,000 | 275,000 | -2,919,000 | 242,000 | 242,000 | -5,176,000 | -505,000 | 149,000 | -708,000 | -708,000 | -1,333,000 | -557,000 | -109,000 | -783,000 | 448,000 | 448,000 | ||
trade payables | -2,062,000 | 58,000 | 1,304,000 | 1,304,000 | 2,073,000 | -2,730,000 | 1,076,000 | -828,000 | -828,000 | -4,255,000 | 3,629,000 | 1,216,000 | -3,785,000 | -3,785,000 | -1,986,000 | 1,211,000 | 6,081,000 | -5,419,000 | -5,419,000 | 4,305,000 | 1,199,000 | -1,927,000 | 1,090,000 | 1,090,000 | -224,000 | -2,083,000 | -2,667,000 | 3,348,000 | -584,000 | -584,000 | ||
deferred revenue | -52,000 | -1,163,000 | 1,912,000 | 1,912,000 | 1,602,000 | 1,450,000 | -2,672,000 | 1,895,000 | 1,895,000 | -1,158,000 | 1,640,000 | -2,407,000 | 1,619,000 | 1,619,000 | -117,000 | 562,000 | -2,620,000 | 1,383,000 | 1,383,000 | 3,385,000 | 617,000 | -2,153,000 | 2,274,000 | 2,274,000 | 1,926,000 | -1,052,000 | -42,000 | -214,000 | 1,010,000 | 1,010,000 | ||
user accounts | 6,236,000 | -2,579,000 | 12,935,000 | 12,935,000 | -3,306,000 | 9,426,000 | -16,555,000 | 9,923,000 | 9,923,000 | 6,215,000 | 4,564,000 | -16,571,000 | 14,963,000 | 14,963,000 | 11,893,000 | 6,427,000 | -21,634,000 | 17,730,000 | 17,730,000 | 22,141,000 | 3,045,000 | -18,890,000 | 20,293,000 | 20,293,000 | 31,573,000 | -19,479,000 | -12,341,000 | 12,644,000 | 7,138,000 | 7,138,000 | 8,580,000 | 2,755,000 |
payment of earn out | ||||||||||||||||||||||||||||||||
escrow payment for contingent consideration | 0 | |||||||||||||||||||||||||||||||
other accounts payable and accrued expenses | 2,123,000 | |||||||||||||||||||||||||||||||
non-current liabilities | -125,000 | 85,000 | -156,000 | -156,000 | 2,861,000 | -729,000 | 836,000 | 23,000 | 23,000 | 93,000 | -408,000 | 525,000 | 525,000 | 315,000 | -922,000 | 569,000 | 569,000 | 247,000 | -241,000 | -241,000 | 207,000 | -161,000 | -163,000 | 166,000 | -2,000 | -2,000 | 231,000 | |||||
net cash from operating activities | 4,002,000 | 25,204,000 | 28,309,000 | 28,309,000 | 72,201,000 | -10,104,000 | -225,000 | 21,196,000 | 21,196,000 | 59,787,000 | 4,664,000 | 5,232,000 | 13,503,000 | 13,503,000 | 24,406,000 | -1,385,000 | -619,000 | 7,710,000 | 7,710,000 | 28,295,000 | -5,773,000 | 10,980,000 | 4,535,000 | 4,535,000 | 10,318,000 | 1,277,000 | 1,579,000 | 302,000 | ||||
capital expenditures | 108,000 | -185,000 | -948,000 | -948,000 | -1,013,000 | 19,000 | 69,000 | -398,000 | -398,000 | -846,000 | 108,000 | -42,000 | -333,000 | -333,000 | -1,802,000 | 446,000 | 155,000 | -892,000 | -892,000 | -1,674,000 | -335,000 | -116,000 | -453,000 | -453,000 | -2,090,000 | 273,000 | -143,000 | -416,000 | ||||
free cash flows | 4,110,000 | 25,019,000 | 27,361,000 | 27,361,000 | 71,188,000 | -10,085,000 | -156,000 | 20,798,000 | 20,798,000 | 58,941,000 | 4,772,000 | 5,190,000 | 13,170,000 | 13,170,000 | 22,604,000 | -939,000 | -464,000 | 6,818,000 | 6,818,000 | 26,621,000 | -6,108,000 | 10,864,000 | 4,082,000 | 4,082,000 | 8,228,000 | 1,550,000 | 1,436,000 | -114,000 | ||||
investing activities: | ||||||||||||||||||||||||||||||||
investment in marketable securities | 0 | -55,652,000 | -55,652,000 | -30,734,000 | -30,734,000 | -227,402,000 | 36,697,000 | -55,892,000 | -62,558,000 | -62,558,000 | -313,000 | -44,847,000 | -44,847,000 | -213,343,000 | -28,274,000 | 85,165,000 | -125,998,000 | -125,998,000 | -407,051,000 | 147,697,000 | 110,911,000 | -98,250,000 | -36,786,000 | -36,786,000 | ||||||||
proceeds from maturities of marketable securities | 39,403,000 | 97,102,000 | 83,169,000 | 83,169,000 | 133,958,000 | -43,254,000 | ||||||||||||||||||||||||||
investment in short-term bank deposits | 313,000 | -500,000 | -1,500,000 | -1,500,000 | -56,245,000 | -1,112,000 | ||||||||||||||||||||||||||
proceeds from short-term bank deposits | 0 | 843,000 | 843,000 | 6,351,000 | -1,112,000 | |||||||||||||||||||||||||||
acquisition of business, net of cash acquired | -9,546,000 | -21,029,000 | 8,468,000 | -8,878,000 | -8,878,000 | |||||||||||||||||||||||||||
purchase of property and equipment | 108,000 | -185,000 | -287,000 | -287,000 | -1,013,000 | 19,000 | 69,000 | -378,000 | -378,000 | -830,000 | 144,000 | -39,000 | -328,000 | -328,000 | -918,000 | 58,000 | 155,000 | -493,000 | -493,000 | -1,030,000 | -265,000 | -78,000 | -311,000 | -311,000 | -1,578,000 | 21,000 | -110,000 | -275,000 | -131,000 | -131,000 | ||
capitalization of internal-use software | 0 | -661,000 | -661,000 | -399,000 | -399,000 | -644,000 | -70,000 | -38,000 | -142,000 | -142,000 | -512,000 | 252,000 | -33,000 | 119,000 | -285,000 | -285,000 | ||||||||||||||||
other receivables and non-current assets | 90,000 | -37,000 | 15,000 | -50,000 | 52,000 | 52,000 | -151,000 | |||||||||||||||||||||||||
net cash from investing activities | 146,824,000 | 96,417,000 | 25,912,000 | 25,912,000 | -15,044,000 | -66,788,000 | 67,922,000 | -14,908,000 | -14,908,000 | 65,449,000 | -104,250,000 | 57,198,000 | -8,621,000 | -8,621,000 | -63,303,000 | 22,119,000 | 39,905,000 | -13,345,000 | -13,345,000 | -219,784,000 | 32,061,000 | 53,652,000 | -95,399,000 | -95,399,000 | -297,155,000 | 8,015,000 | 7,953,000 | -37,093,000 | -62,000 | -62,000 | ||
financing activities | ||||||||||||||||||||||||||||||||
repurchases of common stock | 54,121,000 | |||||||||||||||||||||||||||||||
proceeds from exercise of share options | -1,469,000 | 2,101,000 | 478,000 | 478,000 | 2,819,000 | -858,000 | 946,000 | 442,000 | 442,000 | 2,547,000 | -215,000 | -1,317,000 | 1,750,000 | 1,750,000 | 3,168,000 | -403,000 | 289,000 | 711,000 | 711,000 | 7,379,000 | -648,000 | -3,225,000 | 4,788,000 | 4,788,000 | ||||||||
proceeds from withholding tax related to employees' exercises of share options and rsus | -4,422,000 | |||||||||||||||||||||||||||||||
repayment of debt to previous shareholder of the acquired business | 0 | |||||||||||||||||||||||||||||||
net cash from financing activities | 4,450,000 | -583,000 | -583,000 | -77,540,000 | 48,590,000 | -75,493,000 | 221,000 | 221,000 | 2,654,000 | 152,000 | -2,035,000 | 2,081,000 | 2,081,000 | -2,078,000 | 1,102,000 | -3,132,000 | -3,132,000 | -1,437,000 | 9,677,000 | -17,203,000 | 6,566,000 | 6,566,000 | 551,350,000 | -134,831,000 | -130,731,000 | 127,094,000 | 4,100,000 | 4,100,000 | ||||
effect of exchange rate fluctuations on cash and cash equivalents | -204,000 | 345,000 | -6,000 | -6,000 | 163,000 | 51,000 | -109,000 | -109,000 | -386,000 | 163,000 | -63,000 | -63,000 | 302,000 | -457,000 | 143,000 | 143,000 | 47,000 | -413,000 | 613,000 | -377,000 | -377,000 | 924,000 | 590,000 | 289,000 | 356,000 | -301,000 | -301,000 | |||||
increase in cash, cash equivalents | 119,725,000 | 53,632,000 | 53,632,000 | |||||||||||||||||||||||||||||
cash, cash equivalents at the beginning of period | 126,416,000 | 133,472,000 | 133,472,000 | |||||||||||||||||||||||||||||
cash and cash equivalents at the end of period | 246,141,000 | 187,104,000 | 187,104,000 | -29,484,000 | -1,345,000 | 190,074,000 | 190,074,000 | -32,362,000 | 54,814,000 | 32,676,000 | 65,446,000 | 65,446,000 | -1,081,000 | -36,633,000 | 183,355,000 | 183,355,000 | -21,578,000 | 99,332,000 | 28,210,000 | 28,210,000 | -6,371,000 | |||||||||||
net cash (used in) financing activities | ||||||||||||||||||||||||||||||||
revaluation of earn-out | 4,067,000 | 3,262,000 | 3,262,000 | 3,059,000 | ||||||||||||||||||||||||||||
repurchases of ordinary shares | ||||||||||||||||||||||||||||||||
amortization of premium and accretion of discount on marketable securities | ||||||||||||||||||||||||||||||||
share-based compensation | ||||||||||||||||||||||||||||||||
financing activities: | ||||||||||||||||||||||||||||||||
proceeds from withholding tax related to employees’ exercises of share options and rsus | ||||||||||||||||||||||||||||||||
increase in cash and cash equivalents | 35,552,000 | 48,042,000 | -84,675,000 | -84,675,000 | 265,437,000 | -124,949,000 | -120,910,000 | 95,293,000 | 4,039,000 | 4,039,000 | ||||||||||||||||||||||
cash and cash equivalents at the beginning of the period | ||||||||||||||||||||||||||||||||
cash and cash equivalents at the end of the period | ||||||||||||||||||||||||||||||||
account payable, accrued expenses and other | 1,023,000 | 1,023,000 | 2,866,000 | -4,396,000 | 4,265,000 | 4,265,000 | -360,000 | 1,583,000 | 1,558,000 | 1,558,000 | -5,958,000 | -2,560,000 | 6,524,000 | 6,524,000 | ||||||||||||||||||
proceeds from (payments of) withholding tax related to employees' exercises of share options and rsus | -1,061,000 | -1,061,000 | ||||||||||||||||||||||||||||||
impairment of lease rou asset | ||||||||||||||||||||||||||||||||
acquisition of intangible asset | 0 | |||||||||||||||||||||||||||||||
share -based compensation | ||||||||||||||||||||||||||||||||
payment of earn-out | ||||||||||||||||||||||||||||||||
account payables, accrued expenses and other | ||||||||||||||||||||||||||||||||
proceeds from (payments of) withholding tax related to employees’ exercises of share options and rsus | ||||||||||||||||||||||||||||||||
repayment of long-term loan | -2,269,000 | -2,269,000 | -422,000 | -4,000 | -5,000 | -134,000 | -134,000 | -4,000 | -4,000 | -120,000 | -120,000 | |||||||||||||||||||||
effect of exchange rate fluctuations on cash, cash equivalents and restricted cash | ||||||||||||||||||||||||||||||||
increase in cash, cash equivalents and restricted cash | -20,718,000 | -28,139,000 | -7,745,000 | 6,400,000 | 6,400,000 | 128,147,000 | -99,820,000 | 60,558,000 | 6,900,000 | 6,900,000 | -40,995,000 | |||||||||||||||||||||
cash, cash equivalents and restricted cash at the beginning of the year | ||||||||||||||||||||||||||||||||
cash, cash equivalents and restricted cash at the end of the year | ||||||||||||||||||||||||||||||||
supplemental non-cash disclosure: | ||||||||||||||||||||||||||||||||
share-based compensation capitalized in internal-use software | ||||||||||||||||||||||||||||||||
other expenses capitalized in internal-use software | ||||||||||||||||||||||||||||||||
lease liabilities arising from obtaining right-of-use assets | ||||||||||||||||||||||||||||||||
supplemental cash flow disclosure: | ||||||||||||||||||||||||||||||||
cash paid for income taxes | ||||||||||||||||||||||||||||||||
cash paid for interest | ||||||||||||||||||||||||||||||||
operating activities | ||||||||||||||||||||||||||||||||
adjustments to reconcile net loss to net cash from operating activities: | ||||||||||||||||||||||||||||||||
investing activities | ||||||||||||||||||||||||||||||||
capitalization of internal-use software and other | -20,000 | -20,000 | -16,000 | -36,000 | -3,000 | -5,000 | -5,000 | -884,000 | 388,000 | |||||||||||||||||||||||
other non-current assets | 900,000 | -922,000 | -78,000 | -78,000 | ||||||||||||||||||||||||||||
tax withholding in connection with employees' options exercises and vested rsus | -681,000 | 662,000 | -221,000 | -221,000 | 367,000 | -718,000 | 331,000 | 331,000 | 400,000 | 1,018,000 | -1,574,000 | -1,574,000 | 9,219,000 | -13,273,000 | 2,322,000 | 2,322,000 | ||||||||||||||||
cash, cash equivalents and restricted cash at the beginning of period | -1,345,000 | 6,400,000 | 183,674,000 | 183,674,000 | 67,458,000 | 6,900,000 | 87,889,000 | 87,889,000 | 32,676,000 | -8,624,000 | 74,070,000 | 74,070,000 | ||||||||||||||||||||
proceeds from sale of marketable securities | 40,085,000 | 40,085,000 | -39,136,000 | 54,321,000 | 54,300,000 | 54,300,000 | -15,562,000 | 16,128,000 | 33,609,000 | 33,609,000 | 26,260,000 | -865,000 | 39,930,000 | 39,930,000 | -143,688,000 | -106,600,000 | 76,363,000 | 37,088,000 | 37,088,000 | |||||||||||||
bank and restricted deposits | -23,861,000 | -23,861,000 | 89,996,000 | -101,919,000 | 58,811,000 | -30,000 | -30,000 | -9,000,000 | 25,137,000 | -1,137,000 | -1,137,000 | |||||||||||||||||||||
revaluation of contingent consideration | -11,304,000 | 2,207,000 | ||||||||||||||||||||||||||||||
payment of contingent consideration | ||||||||||||||||||||||||||||||||
● | ||||||||||||||||||||||||||||||||
account payables, accrued expenses, and other non- current liabilities | ||||||||||||||||||||||||||||||||
proceeds from issuance of convertible notes | ||||||||||||||||||||||||||||||||
tax withholding in connection with employees’ exercises of share options and vested rsus | ||||||||||||||||||||||||||||||||
contingent consideration | ||||||||||||||||||||||||||||||||
cash paid for taxes | ||||||||||||||||||||||||||||||||
gain from disposal of property and equipment | 0 | |||||||||||||||||||||||||||||||
amortization of premium and discount of marketable securities | -501,000 | -478,000 | 856,000 | 856,000 | 5,017,000 | -629,000 | ||||||||||||||||||||||||||
net loss from exchange rate fluctuations | 63,000 | 194,000 | ||||||||||||||||||||||||||||||
net gain from exchange rate fluctuations | 63,000 | -302,000 | -143,000 | -143,000 | 194,000 | |||||||||||||||||||||||||||
net loss | -4,272,000 | -60,137,000 | -16,975,000 | -50,663,000 | -17,844,000 | 5,825,000 | -6,155,000 | -25,105,000 | ||||||||||||||||||||||||
loss from disposal of property and equipment | 26,000 | -17,000 | ||||||||||||||||||||||||||||||
cash, cash equivalents and restricted cash at the end of period | 94,789,000 | 94,789,000 | ||||||||||||||||||||||||||||||
income from disposal of property and equipment | 26,000 | |||||||||||||||||||||||||||||||
account payable, accrued expenses and other non-current liabilities | ||||||||||||||||||||||||||||||||
payment of convertible notes deferred issuance costs | -34,000 | -34,000 | ||||||||||||||||||||||||||||||
deferred issuance cost | ||||||||||||||||||||||||||||||||
proceeds from follow-on offering | ||||||||||||||||||||||||||||||||
purchase of capped call | ||||||||||||||||||||||||||||||||
effect of exchange rate fluctuations on cash and cash equivalents and restricted cash | ||||||||||||||||||||||||||||||||
supplemental cash flow disclosure | ||||||||||||||||||||||||||||||||
reconciliation of cash, cash equivalents and restricted cash | ||||||||||||||||||||||||||||||||
cash and cash equivalents | ||||||||||||||||||||||||||||||||
restricted cash | ||||||||||||||||||||||||||||||||
total cash, cash equivalents and restricted cash | ||||||||||||||||||||||||||||||||
payment of deferred issuance costs related to follow on offering | 371,000 | -376,000 | -376,000 | |||||||||||||||||||||||||||||
increase/(decrease) in cash, cash equivalents and restricted cash | ||||||||||||||||||||||||||||||||
net gain/(loss) from exchange rate fluctuations | ||||||||||||||||||||||||||||||||
increase/ (decrease) in cash, cash equivalents and restricted cash | ||||||||||||||||||||||||||||||||
amortization of discount of marketable securities | 1,687,000 | 1,687,000 | 5,768,000 | 477,000 | -165,000 | 1,823,000 | 1,823,000 | |||||||||||||||||||||||||
decrease in cash, cash equivalents and restricted cash | -8,624,000 | -8,624,000 | ||||||||||||||||||||||||||||||
loss from disposal of property plant and equipment | ||||||||||||||||||||||||||||||||
proceeds from follow on offering | -131,447,000 | -131,447,000 | ||||||||||||||||||||||||||||||
cash and cash equivalents at the beginning of period | -36,633,000 | -84,675,000 | 268,030,000 | 268,030,000 | 99,332,000 | 4,039,000 | 24,171,000 | 24,171,000 | -5,524,000 | |||||||||||||||||||||||
proceeds from initial public offering | ||||||||||||||||||||||||||||||||
proceeds from issuance of protected ordinary shares | ||||||||||||||||||||||||||||||||
cash and cash equivalents at the beginning of the year | ||||||||||||||||||||||||||||||||
net income from exchange rate fluctuations | -367,000 | 484,000 | -91,000 | -91,000 | -515,000 | -321,000 | ||||||||||||||||||||||||||
other account payables and accrued expenses | -7,662,000 | 4,524,000 | 4,106,000 | 4,106,000 | 7,788,000 | -696,000 | 2,029,000 | -1,868,000 | 2,725,000 | 2,725,000 | 3,721,000 | 2,357,000 | ||||||||||||||||||||
bank deposits | 34,000,000 | 5,000,000 | 5,000,000 | |||||||||||||||||||||||||||||
income from disposal of property plant and equipment | ||||||||||||||||||||||||||||||||
acquisition of business | ||||||||||||||||||||||||||||||||
proceeds from exercise of options | -2,811,000 | -863,000 | 756,000 | 1,948,000 | 1,948,000 | 741,000 | -453,000 | |||||||||||||||||||||||||
tax withholding in connection with employees' options exercises | -457,000 | -2,288,000 | 2,272,000 | 2,272,000 | ||||||||||||||||||||||||||||
proceeds from convertible notes | ||||||||||||||||||||||||||||||||
repayment of a long-term loan | ||||||||||||||||||||||||||||||||
cash and cash equivalents at the end of the year | ||||||||||||||||||||||||||||||||
other incomes capitalized in internal-use software | ||||||||||||||||||||||||||||||||
ordinary shares and protected ordinary shares issuance costs | ||||||||||||||||||||||||||||||||
issuance of protected ordinary shares for acquisition of business | ||||||||||||||||||||||||||||||||
exercise of share options | ||||||||||||||||||||||||||||||||
convertible notes deferred issuance costs | ||||||||||||||||||||||||||||||||
cash paid for amounts included in the measurement of operating lease liabilities | ||||||||||||||||||||||||||||||||
under operating cash flows | ||||||||||||||||||||||||||||||||
amortization of discount on marketable securities | 832,000 | 561,000 | 205,000 | -271,000 | -271,000 | |||||||||||||||||||||||||||
stock-based compensation | 6,299,000 | 384,000 | ||||||||||||||||||||||||||||||
tax withholding in connection with employees’ options exercises | ||||||||||||||||||||||||||||||||
payment of deferred issuance costs related to ipo | ||||||||||||||||||||||||||||||||
payment of deferred issuance costs related to initial public offering | ||||||||||||||||||||||||||||||||
adjustments to reconcile net loss to net cash provided by (used in) operating activities: | ||||||||||||||||||||||||||||||||
net cash from (used in) operating activities | 302,000 | |||||||||||||||||||||||||||||||
restricted deposit | ||||||||||||||||||||||||||||||||
acquisition of business, net of cash acquired* | ||||||||||||||||||||||||||||||||
proceeds from a long-term loan | ||||||||||||||||||||||||||||||||
stock-based compensation capitalized in internal-use software | ||||||||||||||||||||||||||||||||
issuance of protected ordinary shares for acquisition of business* | ||||||||||||||||||||||||||||||||
exercise of options | ||||||||||||||||||||||||||||||||
contingent consideration* | ||||||||||||||||||||||||||||||||
decrease in cash and cash equivalents |

