Taboola.com Ltd.(NASDAQ:TBLA) 
Taboola.com Ltd., together with its subsidiaries, operates an artificial intelligence-based algorithmic engine platform in Israel, the United Kingdom, the United States, Germany, France, and internationally. It offers Taboola, a platform that partners with websites, devices, and mobile apps to recom...
Website: https://www.taboola.com
Founded: 2007
Full Time Employees: 1,800
Sector: Communication Services
Industry: Internet Content & Information
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At a glance:
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Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-11-16 | 2022-11-09 | 2022-05-20 | 2022-05-12 | 2022-02-22 | 2021-12-31 | 2021-11-22 | 2021-09-30 | 2021-08-10 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
revenues | 466,395,000 | 522,309,000 | 496,764,000 | 465,474,000 | 427,493,000 | 491,040,000 | 433,012,000 | 428,160,000 | 414,008,000 | 419,774,000 | 360,221,000 | 332,004,000 | 327,686,000 | 371,267,000 | 332,462,000 | 332,462,000 | 354,726,000 | 354,726,000 | 407,668,000 | 407,668,000 | 338,768,000 | 329,072,000 | 329,072,000 |
yoy | 9.10% | 6.37% | 14.72% | 8.71% | 3.26% | 16.98% | 20.21% | 28.96% | 26.34% | 13.07% | 8.35% | -0.14% | -7.62% | 4.66% | -18.45% | -18.45% | 4.71% | 7.80% | 23.88% | ||||
qoq | -10.71% | 5.14% | 6.72% | 8.88% | -12.94% | 13.40% | 1.13% | 3.42% | -1.37% | 16.53% | 8.50% | 1.32% | -11.74% | 11.67% | 0.00% | -6.28% | 0.00% | -12.99% | 0.00% | 20.34% | 2.95% | 0.00% | |
cost of revenues: | |||||||||||||||||||||||
traffic acquisition cost | 302,379,000 | 313,602,000 | 324,079,000 | 297,423,000 | 279,797,000 | 279,819,000 | 267,997,000 | 278,620,000 | 275,120,000 | 251,264,000 | 231,786,000 | 208,870,000 | 211,946,000 | 212,399,000 | 203,125,000 | 203,125,000 | 216,498,000 | 216,498,000 | 238,458,000 | 238,458,000 | 211,899,000 | 212,202,000 | 212,202,000 |
other cost of revenues | 34,439,000 | 33,134,000 | 33,666,000 | 32,440,000 | 28,389,000 | 33,611,000 | 32,138,000 | 34,762,000 | 29,935,000 | 30,260,000 | 27,776,000 | 26,077,000 | 26,148,000 | 25,694,000 | 26,649,000 | 26,649,000 | 26,198,000 | 26,198,000 | 25,568,000 | 25,568,000 | 19,184,000 | 16,625,000 | 16,625,000 |
total cost of revenues | 336,818,000 | 346,736,000 | 357,745,000 | 329,863,000 | 308,186,000 | 313,430,000 | 300,135,000 | 313,382,000 | 305,055,000 | 281,524,000 | 259,562,000 | 234,947,000 | 238,094,000 | 238,093,000 | 229,774,000 | 229,774,000 | 242,696,000 | 242,696,000 | 264,026,000 | 264,026,000 | 231,083,000 | 228,827,000 | 228,827,000 |
gross profit | 129,577,000 | 175,573,000 | 139,019,000 | 135,611,000 | 119,307,000 | 177,610,000 | 132,877,000 | 114,778,000 | 108,953,000 | 138,250,000 | 100,659,000 | 97,057,000 | 89,592,000 | 133,174,000 | 102,688,000 | 102,688,000 | 112,030,000 | 112,030,000 | 143,642,000 | 143,642,000 | 107,685,000 | 100,245,000 | 100,245,000 |
yoy | 8.61% | -1.15% | 4.62% | 18.15% | 9.50% | 28.47% | 32.01% | 18.26% | 21.61% | 3.81% | -1.98% | -5.48% | -20.03% | 18.87% | -28.51% | -28.51% | 4.03% | 11.76% | 43.29% | ||||
qoq | -26.20% | 26.29% | 2.51% | 13.67% | -32.83% | 33.66% | 15.77% | 5.35% | -21.19% | 37.34% | 3.71% | 8.33% | -32.73% | 29.69% | 0.00% | -8.34% | 0.00% | -22.01% | 0.00% | 33.39% | 7.42% | 0.00% | |
gross margin % | 27.78% | 33.61% | 27.98% | 29.13% | 27.91% | 36.17% | 30.69% | 26.81% | 26.32% | 32.93% | 27.94% | 29.23% | 27.34% | 35.87% | 30.89% | 30.89% | 31.58% | 31.58% | 35.24% | 35.24% | 31.79% | 30.46% | 30.46% |
operating expenses: | |||||||||||||||||||||||
research and development | 39,580,000 | 36,739,000 | 37,867,000 | 37,482,000 | 35,956,000 | 36,174,000 | 36,727,000 | 33,288,000 | 36,249,000 | 34,379,000 | 35,890,000 | 34,001,000 | 31,985,000 | 28,548,000 | 36,237,000 | 36,237,000 | |||||||
sales and marketing | 72,565,000 | 67,982,000 | 70,090,000 | 71,248,000 | 65,890,000 | 68,273,000 | 67,808,000 | 64,837,000 | 67,608,000 | 64,911,000 | 59,664,000 | 61,198,000 | 60,569,000 | 55,814,000 | 63,216,000 | 63,216,000 | |||||||
general and administrative | 25,048,000 | 27,082,000 | 24,557,000 | 26,837,000 | 23,723,000 | 25,940,000 | 23,784,000 | 24,284,000 | 23,329,000 | 30,165,000 | 23,839,000 | 26,858,000 | 25,836,000 | 23,777,000 | 24,685,000 | 24,685,000 | |||||||
other income | -77,000,000 | ||||||||||||||||||||||
total operating expenses | 60,193,000 | 131,803,000 | 132,514,000 | 135,567,000 | 125,569,000 | 130,387,000 | 128,319,000 | 122,409,000 | 127,186,000 | 129,455,000 | 119,393,000 | 122,057,000 | 118,390,000 | 108,139,000 | 124,138,000 | 124,138,000 | 119,729,000 | 119,729,000 | 124,997,000 | 124,996,000 | 107,809,000 | 153,654,000 | 153,654,000 |
operating income | 69,384,000 | 43,770,000 | 6,505,000 | -6,262,000 | 47,223,000 | 4,558,000 | -7,631,000 | -18,233,000 | 8,795,000 | -18,734,000 | -25,000,000 | -28,798,000 | 25,035,000 | -21,450,000 | -21,450,000 | -7,699,000 | |||||||
yoy | -1208.02% | -7.31% | 42.72% | -65.66% | 436.93% | -124.33% | -69.48% | -36.69% | -64.87% | -12.66% | 16.55% | 274.05% | |||||||||||
qoq | 58.52% | 572.87% | -113.26% | 936.05% | -159.73% | -58.15% | -307.31% | -146.95% | -25.06% | -13.19% | -215.03% | -216.71% | 0.00% | 178.61% | |||||||||
operating margin % | 14.88% | 8.38% | 1.31% | 0% | -1.46% | 9.62% | 1.05% | -1.78% | -4.40% | 2.10% | -5.20% | -7.53% | -8.79% | 6.74% | -6.45% | -6.45% | -2.17% | 0% | 0% | 0% | 0% | 0% | 0% |
finance expenses | -245,000 | -4,500,000 | -935,000 | -1,106,000 | -3,638,000 | -85,000 | -85,000 | ||||||||||||||||
income before income taxes | 69,139,000 | -1,551,000 | 7,005,000 | -2,447,000 | -10,762,000 | -6,261,500 | 3,452,000 | -6,627,000 | -21,871,000 | -31,952,000 | 21,859,000 | -25,020,000 | -25,020,000 | 3,496,000 | 3,496,000 | 16,862,000 | 16,862,000 | 13,836,000 | -53,494,000 | -53,494,000 | |||
income tax benefit | -10,073,000 | -1,898,000 | 2,012,000 | 2,336,000 | -4,287,000 | -2,487,000 | 639,000 | -212,000 | -1,006,000 | -1,006,000 | |||||||||||||
net income | 59,066,000 | 50,135,000 | 5,244,000 | -4,345,000 | -8,750,000 | 33,143,000 | -6,454,000 | -4,291,000 | -26,158,000 | 3,723,000 | -23,136,000 | -31,314,000 | -31,313,000 | 15,184,000 | -26,026,000 | -26,026,000 | 3,888,000 | 3,888,000 | 585,000 | 585,000 | 17,296,000 | -61,416,000 | -61,416,000 |
yoy | -775.04% | 51.27% | -181.25% | 1.26% | -66.55% | 790.22% | -72.10% | -86.30% | -16.46% | -75.48% | -11.10% | 20.32% | -905.38% | 290.53% | -4548.89% | -4548.89% | -77.52% | -106.33% | -100.95% | ||||
qoq | 17.81% | 856.05% | -220.69% | -50.34% | -126.40% | -613.53% | 50.41% | -83.60% | -802.61% | -116.09% | -26.12% | 0.00% | -306.22% | -158.34% | 0.00% | -769.39% | 0.00% | 564.62% | 0.00% | -96.62% | -128.16% | 0.00% | |
net income margin % | 12.66% | 9.60% | 1.06% | -0.93% | -2.05% | 6.75% | -1.49% | -1.00% | -6.32% | 0.89% | -6.42% | -9.43% | -9.56% | 4.09% | -7.83% | -7.83% | 1.10% | 1.10% | 0.14% | 0.14% | 5.11% | -18.66% | -18.66% |
net income per share | 0.21 | 0.16 | 0.02 | -0.01 | -0.03 | 0.1 | -0.02 | -0.01 | -0.08 | 0.01 | -0.07 | -0.09 | -0.09 | 0.06 | -0.1 | -0.1 | 0.02 | 0.02 | 0.09 | 0.08 | -1.39 | -1.39 | |
weighted-average shares used for eps calculation | 282,244,774 | 300,723,658 | 313,572,282 | 341,960,999 | 342,886,216 | 342,566,112 | 345,502,643 | 333,424,276 | 254,284,781 | 255,160,597 | 255,160,597 | 247,378,428 | 247,378,428 | 243,850,858 | 142,883,475 | 229,024,803 | 48,518,124 | 48,518,124 | |||||
finance income (expenses) | -1,622,750 | 500,000 | -2,491,000 | 1,004,000 | -1,421,000 | -4,402,000 | -3,827,000 | -3,154,000 | -3,176,000 | -3,570,000 | -3,570,000 | 11,195,000 | 11,195,000 | -1,783,000 | -1,784,000 | 13,960,000 | |||||||
income tax expenses | -411,750 | -1,761,000 | -5,840,000 | -9,906,000 | -3,651,000 | ||||||||||||||||||
operating profit | 44,000 | ||||||||||||||||||||||
income before income taxes expenses | 7,374,000 | -23,136,000 | |||||||||||||||||||||
income before income taxes benefit | -28,827,000 | ||||||||||||||||||||||
less: undistributed earnings allocated to participating securities | -6,029,000 | -6,029,000 | |||||||||||||||||||||
net income attributable to ordinary shares – basic and diluted | -6,789,750 | -26,026,000 | -26,026,000 | 3,888,000 | 3,888,000 | 585,000 | -67,445,000 | ||||||||||||||||
research and development expenses | 30,412,000 | 30,412,000 | 34,044,000 | 34,044,000 | 29,946,000 | 30,050,000 | 30,050,000 | ||||||||||||||||
sales and marketing expenses | 61,368,000 | 61,368,000 | 59,127,000 | 59,127,000 | 43,518,000 | 69,136,000 | 69,136,000 | ||||||||||||||||
general and administrative expenses | 27,949,000 | 27,949,000 | 31,826,000 | 31,825,000 | 34,345,000 | 54,468,000 | 54,468,000 | ||||||||||||||||
benefit for income taxes | 392,000 | 392,000 | |||||||||||||||||||||
operating income before finance expenses | -7,699,000 | 18,645,000 | -7,977,750 | -124,000 | -53,409,000 | -53,409,000 | |||||||||||||||||
provision for income taxes | -16,277,000 | 29,675,000 | 3,460,000 | -7,922,000 | -7,922,000 | ||||||||||||||||||
net income attributable to ordinary shareholders, basic and diluted | -9,369,250 | 17,296,000 | -67,445,000 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-11-16 | 2022-11-09 | 2022-08-19 | 2022-08-09 | 2022-05-20 | 2022-05-12 | 2022-02-22 | 2021-12-31 | 2021-11-22 | 2021-09-30 | 2021-08-10 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets | |||||||||||||||||||||||||
current assets | |||||||||||||||||||||||||
cash and cash equivalents | 150,275,000 | 120,865,000 | 115,475,000 | 115,241,000 | 216,223,000 | 226,583,000 | 217,230,000 | 182,198,000 | 178,534,000 | 176,108,000 | 238,259,000 | 204,595,000 | 218,849,000 | 165,893,000 | 188,477,000 | 188,477,000 | 233,740,000 | 233,740,000 | 277,927,000 | 277,927,000 | 319,319,000 | 319,319,000 | 311,768,000 | 585,243,000 | 585,243,000 |
trade receivables | 309,909,000 | 360,166,000 | 308,900,000 | 295,778,000 | 304,914,000 | 370,110,000 | 297,330,000 | 281,674,000 | 284,239,000 | 306,307,000 | 232,118,000 | 217,437,000 | 212,346,000 | 256,708,000 | 184,794,000 | 184,794,000 | 199,619,000 | 199,619,000 | 199,300,000 | 199,300,000 | 245,235,000 | 245,235,000 | 190,667,000 | 139,019,000 | 139,019,000 |
prepaid expenses and other current assets | 60,909,000 | 77,000,000 | 67,721,000 | 61,758,000 | 56,577,000 | 55,328,000 | 61,995,000 | 69,598,000 | 77,485,000 | 69,865,000 | 71,549,000 | 70,817,000 | 73,531,000 | 73,643,000 | 70,743,000 | 70,743,000 | 75,105,000 | 75,105,000 | 73,165,000 | 73,165,000 | 63,394,000 | 63,394,000 | 47,324,000 | 37,636,000 | 37,636,000 |
total current assets | 521,093,000 | 558,031,000 | 492,096,000 | 472,977,000 | 577,914,000 | 656,001,000 | 577,867,000 | 534,804,000 | 544,013,000 | 559,412,000 | 555,880,000 | 536,275,000 | 561,399,000 | 593,908,000 | 564,604,000 | 564,604,000 | 583,947,000 | 583,947,000 | 591,418,000 | 591,418,000 | 628,948,000 | 628,948,000 | 550,824,000 | 762,959,000 | 762,959,000 |
non-current assets | |||||||||||||||||||||||||
long-term prepaid expenses | 13,934,000 | 15,116,000 | 17,666,000 | 24,500,000 | 24,385,000 | 25,193,000 | 24,470,000 | 25,584,000 | 27,351,000 | 39,602,000 | 40,854,000 | 40,230,000 | 41,262,000 | 42,945,000 | 40,652,000 | 40,652,000 | 30,154,000 | 30,154,000 | 30,017,000 | 30,017,000 | 32,926,000 | 32,926,000 | 19,533,000 | 20,923,000 | 20,923,000 |
commercial agreement asset | 266,211,000 | 270,248,000 | 274,374,000 | 278,501,000 | 282,583,000 | 286,619,000 | 288,061,000 | 289,451,000 | 289,451,000 | 289,451,000 | 289,451,000 | 289,451,000 | 289,451,000 | ||||||||||||
restricted deposits | 1,462,000 | 200,000 | 200,000 | 200,000 | 1,312,000 | 1,334,000 | 1,270,000 | 1,407,000 | 1,487,000 | 1,170,000 | 1,091,000 | 750,000 | 750,000 | 750,000 | 750,000 | 750,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,065,000 | 1,061,000 | 1,061,000 | ||
deferred tax assets | 22,239,000 | 20,624,000 | 3,467,000 | 3,121,000 | 3,218,000 | 2,909,000 | 2,909,000 | 1,455,000 | 1,455,000 | 679,000 | 679,000 | 1,876,000 | 1,876,000 | 1,955,000 | 2,281,000 | 2,281,000 | |||||||||
operating lease right of use assets | 72,528,000 | 79,167,000 | 85,490,000 | 78,430,000 | 81,708,000 | 58,997,000 | 60,329,000 | 56,138,000 | 57,305,000 | 61,746,000 | 65,003,000 | 64,364,000 | 67,740,000 | 66,846,000 | 65,217,000 | 65,217,000 | 60,573,000 | 60,573,000 | 62,210,000 | ||||||
property and equipment | 96,185,000 | 95,335,000 | 77,315,000 | 79,207,000 | 75,479,000 | 69,388,000 | 73,696,000 | 71,846,000 | 72,587,000 | 72,155,000 | 75,792,000 | 71,079,000 | 71,731,000 | 73,019,000 | 73,758,000 | 73,758,000 | 72,883,000 | 72,883,000 | 64,471,000 | 64,471,000 | 63,259,000 | 63,259,000 | 60,201,000 | 58,310,000 | 58,310,000 |
intangible assets | 5,537,000 | 13,925,000 | 25,012,000 | 37,573,000 | 51,320,000 | 65,067,000 | 78,485,000 | 93,565,000 | 109,323,000 | 125,258,000 | 141,235,000 | 157,215,000 | 173,177,000 | 189,156,000 | 205,122,000 | 205,122,000 | 219,315,000 | 219,315,000 | 235,143,000 | 235,143,000 | 252,498,000 | 250,923,000 | 259,042,000 | 2,627,000 | 2,627,000 |
goodwill | 555,931,000 | 555,931,000 | 555,931,000 | 555,931,000 | 555,931,000 | 555,931,000 | 555,931,000 | 555,931,000 | 555,931,000 | 555,931,000 | 555,931,000 | 555,931,000 | 555,931,000 | 555,869,000 | 557,559,000 | 557,559,000 | 550,568,000 | 550,568,000 | 550,568,000 | 550,568,000 | 549,338,000 | 550,380,000 | 553,845,000 | 19,206,000 | 19,206,000 |
total non-current assets | 1,034,027,000 | 1,051,808,000 | 1,037,250,000 | 1,055,604,000 | 1,072,868,000 | 1,062,657,000 | 1,085,050,000 | 1,096,718,000 | 1,116,164,000 | 1,148,390,000 | 1,175,844,000 | 1,185,365,000 | 1,206,508,000 | 935,715,000 | 949,269,000 | 949,269,000 | 939,085,000 | 939,085,000 | 946,985,000 | 946,985,000 | 968,366,000 | 954,942,000 | 165,099,000 | ||
total assets | 1,555,120,000 | 1,609,839,000 | 1,529,346,000 | 1,528,581,000 | 1,650,782,000 | 1,718,658,000 | 1,662,917,000 | 1,631,522,000 | 1,660,177,000 | 1,707,802,000 | 1,731,724,000 | 1,721,640,000 | 1,767,907,000 | 1,529,623,000 | 1,513,873,000 | 1,513,873,000 | 1,523,032,000 | 1,523,032,000 | 1,538,403,000 | 1,538,403,000 | 1,597,847,000 | 1,597,314,000 | 1,505,766,000 | 928,058,000 | 928,058,000 |
liabilities and shareholders' equity | |||||||||||||||||||||||||
current liabilities | |||||||||||||||||||||||||
trade payables | 278,147,000 | 330,684,000 | 301,680,000 | 290,883,000 | 279,510,000 | 309,229,000 | 273,618,000 | 270,406,000 | 279,373,000 | 282,012,000 | 252,727,000 | 222,232,000 | 223,040,000 | 247,504,000 | 207,775,000 | 207,775,000 | 214,487,000 | 214,487,000 | 215,604,000 | 215,604,000 | 261,557,000 | 259,941,000 | |||
short-term operating lease liabilities | 30,652,000 | 30,408,000 | 29,398,000 | 27,748,000 | 26,304,000 | 21,881,000 | 21,873,000 | 19,463,000 | 19,141,000 | 20,264,000 | 19,015,000 | 16,231,000 | 15,663,000 | 14,753,000 | 13,456,000 | 13,456,000 | 14,351,000 | 14,351,000 | 15,396,000 | 15,396,000 | 12,958,000 | ||||
accrued expenses and other current liabilities | 152,077,000 | 159,874,000 | 135,145,000 | 121,360,000 | 131,455,000 | 154,472,000 | 146,732,000 | 118,664,000 | 118,176,000 | 118,689,000 | 108,229,000 | 105,234,000 | 95,182,000 | 102,965,000 | 100,978,000 | 100,978,000 | 104,402,000 | 104,402,000 | 107,738,000 | 107,738,000 | 123,046,000 | 124,662,000 | 108,785,000 | 101,029,000 | 101,029,000 |
total current liabilities | 460,876,000 | 520,966,000 | 466,223,000 | 439,991,000 | 437,269,000 | 485,582,000 | 442,223,000 | 408,533,000 | 416,690,000 | 423,965,000 | 432,971,000 | 346,697,000 | 366,885,000 | 368,222,000 | 325,209,000 | 325,209,000 | 336,240,000 | 336,240,000 | 341,738,000 | 341,738,000 | 400,561,000 | 400,561,000 | 338,428,000 | 273,974,000 | 273,974,000 |
long-term liabilities | |||||||||||||||||||||||||
revolving credit facility | 66,400,000 | ||||||||||||||||||||||||
long-term operating lease liabilities | 54,532,000 | 61,382,000 | 65,238,000 | 59,702,000 | 60,672,000 | 42,561,000 | 44,970,000 | 42,721,000 | 44,992,000 | 49,450,000 | 52,232,000 | 54,583,000 | 58,223,000 | 57,928,000 | 56,075,000 | 56,075,000 | 50,978,000 | 50,978,000 | 54,812,000 | 54,812,000 | 61,526,000 | ||||
warrants liability | 105,000 | 501,000 | 897,000 | 2,545,000 | 1,642,000 | 3,368,000 | 1,504,000 | 2,242,000 | 6,168,000 | 6,129,000 | 6,023,000 | 5,782,000 | 5,080,000 | 6,756,000 | 4,239,000 | 4,239,000 | 5,227,000 | 5,227,000 | 17,185,000 | 17,185,000 | 31,227,000 | ||||
deferred tax liabilities | 736,000 | 628,000 | 17,000 | 688,000 | 2,377,000 | 5,497,000 | 3,853,000 | 6,914,000 | 11,130,000 | 14,815,000 | 25,560,000 | 26,938,000 | 31,319,000 | 42,563,000 | 42,563,000 | 38,130,000 | 38,130,000 | 45,744,000 | 45,744,000 | 51,560,000 | 51,027,000 | 50,432,000 | 27,000 | 27,000 | |
other long-term liabilities | 17,141,000 | 16,867,000 | 11,509,000 | 12,622,000 | 14,113,000 | 13,292,000 | 12,482,000 | 15,101,000 | 14,751,000 | 14,217,000 | 6,000,000 | 5,000,000 | 5,000,000 | ||||||||||||
total long-term liabilities | 138,914,000 | 181,678,000 | 151,661,000 | 163,557,000 | 205,304,000 | 181,170,000 | 208,879,000 | 212,756,000 | 222,496,000 | 226,775,000 | 231,644,000 | 284,610,000 | 292,359,000 | 326,866,000 | 387,147,000 | 387,147,000 | 378,952,000 | 378,952,000 | 402,751,000 | 402,751,000 | 429,715,000 | 429,182,000 | 422,380,000 | 106,746,000 | 106,746,000 |
commitments and contingencies | |||||||||||||||||||||||||
shareholders' equity | |||||||||||||||||||||||||
ordinary shares with no par value- authorized: 700,000,000 as of march 31, 2026 and december 31, 2025; 345,272,825 and 341,610,237 shares issued, and 243,107,545 and 246,330,707 shares outstanding as of march 31, 2026 and december 31, 2025, respectively | |||||||||||||||||||||||||
non-voting ordinary shares with no par value- authorized: 46,000,000 as of march 31, 2026 and december 31, 2025; 45,198,702 shares issued, and 30,039,644 shares outstanding as of march 31, 2026 and december 31, 2025. | |||||||||||||||||||||||||
treasury ordinary shares, at cost - 117,324,338 (102,165,280 ordinary shares and 15,159,058 non-voting ordinary shares) and 110,438,588 (95,279,530 ordinary shares and 15,159,058 non-voting ordinary shares) as of march 31, 2026 and december 31, 2025, respectively | -409,284,000 | ||||||||||||||||||||||||
additional paid-in capital | 1,417,818,000 | 1,404,248,000 | 1,386,921,000 | 1,369,870,000 | 1,351,576,000 | 1,335,825,000 | 1,319,043,000 | 1,301,159,000 | 1,280,715,000 | 1,262,093,000 | 1,244,667,000 | 1,226,572,000 | 1,209,559,000 | 903,789,000 | 887,845,000 | 887,845,000 | 869,201,000 | 869,201,000 | 846,701,000 | 846,701,000 | 824,016,000 | 824,016,000 | 801,988,000 | 621,664,000 | 621,664,000 |
accumulated other comprehensive income | -334,000 | 534,000 | 1,493,000 | 2,768,000 | -773,000 | 418,000 | 165,000 | -39,000 | 165,000 | 942,000 | |||||||||||||||
accumulated deficit | -52,870,000 | -111,936,000 | -162,071,000 | -167,315,000 | -162,970,000 | -154,220,000 | -187,363,000 | -180,909,000 | -176,618,000 | -150,460,000 | -154,183,000 | -131,047,000 | -99,733,000 | -68,420,000 | -83,604,000 | -83,604,000 | -57,578,000 | -57,578,000 | -52,557,000 | -52,557,000 | -56,445,000 | -56,445,000 | -57,030,000 | -74,326,000 | -74,326,000 |
total shareholders' equity | 955,330,000 | 907,195,000 | 911,462,000 | 925,033,000 | 1,008,209,000 | 1,051,906,000 | 801,517,000 | 801,517,000 | 807,840,000 | 807,840,000 | 793,914,000 | 793,914,000 | 767,571,000 | 767,571,000 | 744,958,000 | 547,338,000 | 547,338,000 | ||||||||
total liabilities and shareholders' equity | 1,555,120,000 | 1,609,839,000 | 1,529,346,000 | 1,528,581,000 | 1,650,782,000 | 1,718,658,000 | 1,513,873,000 | 1,513,873,000 | 1,523,032,000 | 1,523,032,000 | 1,538,403,000 | 1,538,403,000 | |||||||||||||
short-term investments | 3,780,000 | 2,485,000 | 5,725,000 | 12,467,000 | 42,256,000 | 55,582,000 | 96,914,000 | 119,840,000 | 119,840,000 | 74,733,000 | 74,733,000 | ||||||||||||||
long-term loan and revolving credit facility | 102,300,000 | 74,000,000 | 88,000,000 | 126,500,000 | |||||||||||||||||||||
ordinary shares with no par value- authorized: 700,000,000 as of december 31, 2025 and 2024; 341,610,237 and 325,674,930 shares issued, and 246,330,707 and 293,134,865 outstanding as of december 31, 2025 and 2024, respectively | |||||||||||||||||||||||||
non-voting ordinary shares with no par value- authorized: 46,000,000 as of december 31, 2025 and 2024; 45,198,702 shares issued, and 30,039,644 and 44,210,406 outstanding as of december 31, 2025 and 2024, respectively | |||||||||||||||||||||||||
treasury ordinary shares, at cost - 110,438,588 (95,279,530 ordinary shares and 15,159,058 non-voting ordinary shares) and 33,528,361 ( 32,540,065 ordinary shares and 988,296 non- voting ordinary shares) as of december 31, 2025 and 2024, respectively | -385,651,000 | ||||||||||||||||||||||||
ordinary shares with no par value - authorized: 700,000,000 as of september 30, 2025 and december 31, 2024; 337,494,088 and 325,674,930 shares issued, and 260,491,794 and 293,134,865 shares outstanding as of september 30, 2025 and december 31, 2024, respectively | |||||||||||||||||||||||||
non-voting ordinary shares with no par value - authorized: 46,000,000 as of september 30, 2025 and december 31, 2024; 45,198,702 shares issued, and 30,401,133 and 44,210,406 shares outstanding as of september 30, 2025 and december 31, 2024, respectively | |||||||||||||||||||||||||
treasury ordinary shares, at cost - 91,799,863 (77,002,294 ordinary shares and 14,797,569 non-voting ordinary shares) and 33,528,361 (32,540,065 ordinary shares and 988,296 non-voting ordinary shares) as of september 30, 2025 and december 31, 2024, respectively | -314,881,000 | ||||||||||||||||||||||||
ordinary shares with no par value- authorized: 700,000,000 as of june 30, 2025 and december 31, 2024; 333,646,088 and 325,674,930 shares issued, and 264,392,831 and 293,134,865 shares outstanding as of june 30, 2025 and december 31, 2024, respectively | |||||||||||||||||||||||||
non-voting ordinary shares with no par value - authorized: 46,000,000 as of june 30, 2025 and december 31, 2024; 45,198,702 shares issued, and 32,692,444 and 44,210,406 shares outstanding as of june 30, 2025 and december 31, 2024, respectively | |||||||||||||||||||||||||
treasury ordinary shares, at cost - 81,759,515 (69,253,257 ordinary shares and 12,506,258 non-voting ordinary shares) and 33,528,361 (32,540,065 ordinary shares and 988,296 non-voting ordinary shares) as of june 30, 2025 and december 31, 2024, respectively | -280,290,000 | ||||||||||||||||||||||||
ordinary shares with no par value- authorized: 700,000,000 as of march 31, 2025 and december 31, 2024; 329,070,716 and 325,674,930 shares issued, and 284,444,554 and 293,134,865 shares outstanding as of march 31, 2025 and december 31, 2024, respectively | |||||||||||||||||||||||||
non-voting ordinary shares with no par value- authorized: 46,000,000 as of march 31, 2025 and december 31, 2024; 45,198,702 shares issued, and 40,054,344 and 44,210,406 shares outstanding as of march 31, 2025 and december 31, 2024, respectively | |||||||||||||||||||||||||
treasury ordinary shares, at cost - 49,770,520 (44,626,162 ordinary shares and 5,144,358 non-voting ordinary shares) and 33,528,361 (32,540,065 ordinary shares and 988,296 non-voting ordinary shares) as of march 31, 2025 and december 31, 2024, respectively | -179,624,000 | ||||||||||||||||||||||||
current maturities of long-term loan | 3,000,000 | 53,000,000 | 3,000,000 | 33,000,000 | 3,000,000 | ||||||||||||||||||||
long-term loan, net of current maturities | 116,452,000 | 146,070,000 | 145,778,000 | 145,455,000 | 142,164,000 | 141,829,000 | 192,307,000 | 192,737,000 | 223,049,000 | ||||||||||||||||
ordinary shares with no par value- authorized: 700,000,000 as of december 31, 2024 and 2023; 325,674,930 and 310,911,091 shares issued, and 293,134,865 and 295,670,620 outstanding as of december 31, 2024 and 2023, respectively | |||||||||||||||||||||||||
non-voting ordinary shares with no par value- authorized: 46,000,000 as of december 31, 2024 and 2023; 45,198,702 shares issued, and 44,210,406 and 45,198,702 outstanding as of december 31, 2024 and 2023, respectively | |||||||||||||||||||||||||
treasury ordinary shares, at cost - 33,528,361 (32,540,065 ordinary shares and 988,296 non-voting ordinary shares) and 15,240,471 shares as of december 31, 2024 and 2023, respectively | -130,117,000 | ||||||||||||||||||||||||
liabilities and shareholders’ equity | |||||||||||||||||||||||||
shareholders’ equity | |||||||||||||||||||||||||
ordinary shares with no par value - authorized: 700,000,000 as of september 30, 2024 and december 31, 2023; 322,370,752 and 310,911,091 shares issued, and 292,633,697 and 295,670,620 shares outstanding as of september 30, 2024 and december 31, 2023, respectively | |||||||||||||||||||||||||
non-voting ordinary shares with no par value - authorized: 46,000,000 as of september 30, 2024 and december 31, 2023; 45,198,702 shares issued, and 44,210,406 and 45,198,702 shares outstanding as of september 30, 2024 and december 31, 2023, respectively | |||||||||||||||||||||||||
treasury ordinary shares, at cost - 30,725,351 (29,737,055 ordinary shares and 988,296 non-voting ordinary shares) and 15,240,471 ordinary shares as of september 30, 2024 and december 31, 2023, respectively | -120,030,000 | ||||||||||||||||||||||||
total shareholders’ equity | 1,011,815,000 | 1,010,233,000 | 1,020,991,000 | 1,057,062,000 | 1,067,109,000 | 1,090,333,000 | 1,108,663,000 | 834,535,000 | |||||||||||||||||
total liabilities and shareholders’ equity | 1,662,917,000 | 1,631,522,000 | 1,660,177,000 | 1,707,802,000 | 1,731,724,000 | 1,721,640,000 | 1,767,907,000 | 1,529,623,000 | |||||||||||||||||
ordinary shares with no par value- authorized: 700,000,000 as of june 30, 2024 and december 31, 2023; 291,715,209 and 295,670,620 shares issued and outstanding as of june 30, 2024 and december 31, 2023, respectively | |||||||||||||||||||||||||
non-voting ordinary shares with no par value- authorized: 46,000,000 as of june 30, 2024 and december 31, 2023; 44,210,406 and 45,198,702 shares issued and outstanding as of june 30, 2024 and december 31, 2023, respectively | |||||||||||||||||||||||||
treasury ordinary shares, at cost - 27,775,351 (26,787,055 ordinary shares and 988,296 non-voting ordinary shares) and 15,240,471 ordinary shares as of june 30, 2024 and december 31, 2023, respectively | -109,978,000 | ||||||||||||||||||||||||
ordinary shares with no par value- authorized: 700,000,000 as of march 31, 2024 and december 31, 2023; 293,413,305 and 295,670,620 shares issued and outstanding as of march 31, 2024 and december 31, 2023, respectively | |||||||||||||||||||||||||
non-voting ordinary shares with no par value- authorized: 46,000,000 as of march 31, 2024 and december 31, 2023; 45,198,702 shares issued and outstanding as of march 31, 2024 and december 31, 2023, respectively | |||||||||||||||||||||||||
treasury ordinary shares, at cost - 21,463,642 and 15,240,471 shares as of march 31, 2024 and december 31, 2023, respectively | -83,271,000 | ||||||||||||||||||||||||
ordinary shares with no par value- authorized: 700,000,000 as of december 31, 2023 and 2022; 295,670,620 and 254,133,863 shares issued and outstanding as of december 31, 2023 and 2022, respectively | |||||||||||||||||||||||||
non-voting ordinary shares with no par value- authorized: 46,000,000 as of december 31, 2023 and 2022; 45,198,702 and 0 shares issued and outstanding as of december 31, 2023 and 2022, respectively | |||||||||||||||||||||||||
treasury ordinary shares, at cost - 15,240,471 and 0 shares as of december 31, 2023 and 2022, respectively | -55,513,000 | ||||||||||||||||||||||||
ordinary shares with no par value- authorized: 700,000,000 as of september 30, 2023 and december 31, 2022; 300,692,928 and 254,133,863 shares issued and outstanding as of september 30, 2023 and december 31, 2022, respectively | |||||||||||||||||||||||||
non-voting ordinary shares with no par value- authorized: 46,000,000 as of september 30, 2023 and december 31, 2022; 45,198,702 and 0 shares issued and outstanding as of september 30, 2023 and december 31, 2022, respectively | |||||||||||||||||||||||||
treasury ordinary shares, at cost - 6,672,915 and 0 shares as of september 30, 2023 and december 31, 2022, respectively | -23,157,000 | ||||||||||||||||||||||||
accumulated other comprehensive loss | -218,000 | -834,000 | -1,163,000 | -834,000 | -2,724,000 | -2,724,000 | -3,783,000 | -3,783,000 | -230,000 | -230,000 | |||||||||||||||
ordinary shares with no par value- authorized: 700,000,000 as of june 30, 2023 and december 31, 2022; 300,637,035 and 254,133,863 shares issued and outstanding as of june 30, 2023 and december 31, 2022, respectively. | |||||||||||||||||||||||||
non-voting ordinary shares with no par value- authorized: 46,000,000 as of june 30, 2023 and december 31, 2022; 45,198,702 and 0 shares issued and outstanding as of june 30, 2023 and december 31, 2022, respectively. | |||||||||||||||||||||||||
treasury ordinary shares, at cost - 1,442,000 and 0 ordinary shares as of june 30, 2023 and december 31, 2022, respectively | -4,358,000 | ||||||||||||||||||||||||
ordinary shares with no par value- authorized: 700,000,000 as of march 31, 2023 and december 31, 2022; 297,822,375 and 254,133,863 shares issued and outstanding as of march 31, 2023 and december 31, 2022, respectively. | |||||||||||||||||||||||||
non-voting ordinary shares with no par value- authorized: 46,000,000 as of march 31, 2023 and december 31, 2022; 45,198,702 and 0 shares issued and outstanding as of march 31, 2023 and december 31, 2022, respectively. | |||||||||||||||||||||||||
deferred tax assets,net | 3,821,000 | ||||||||||||||||||||||||
other long-term and deferred tax liabilities | 39,133,000 | ||||||||||||||||||||||||
ordinary shares with no par value- authorized: 700,000,000 as of december 31, 2022 and 2021; 254,133,863 and 234,031,749 shares issued and outstanding as of december 31, 2022 and 2021, respectively. | |||||||||||||||||||||||||
current portion of long-term loan | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | ||||||||||||||||||
long-term loan, net of current portion | 284,270,000 | 284,270,000 | 284,617,000 | 284,617,000 | 285,010,000 | 285,010,000 | 285,402,000 | ||||||||||||||||||
ordinary shares with no par value- authorized: 700,000,000 as of september 30, 2022 and december 31, 2021; 247,348,424 and 234,031,749 shares issued and outstanding as of september 30, 2022 and december 31, 2021, respectively. | |||||||||||||||||||||||||
ordinary shares with no par value- authorized: 700,000,000 as of june 30, 2022 and december 31, 2021; 240,679,908 and 234,031,749 shares issued and outstanding as of june 30, 2022 and december 31, 2021, respectively | |||||||||||||||||||||||||
ordinary shares with no par value- authorized: 700,000,000 as of june 30, 2022 and december 31, 2021; 240,679,908 and 234,031,749 shares issued and outstanding as of june 30, 2022 and december 31, 2021, respectively. | |||||||||||||||||||||||||
short-term deposits | 40,026,000 | 40,026,000 | |||||||||||||||||||||||
ordinary shares with no par value - authorized: 700,000,000 shares as of march 31, 2022 and december 31, 2021; shares issued and outstanding: 238,816,867 and 234,031,749 as of march 31, 2022 and december 31, 2021, respectively. | |||||||||||||||||||||||||
right of use assets | 62,210,000 | 65,105,000 | 65,105,000 | 56,792,000 | 58,385,000 | 58,385,000 | |||||||||||||||||||
long term liabilities | |||||||||||||||||||||||||
ordinary shares with no par value- authorized: 700,000,000 as of march 31, 2022 and december 31, 2021; 238,816,867 and 234,031,749 shares issued and outstanding as of march 31, 2022 and december 31, 2021, respectively. | |||||||||||||||||||||||||
total long-term assets | 968,899,000 | ||||||||||||||||||||||||
liabilities, convertible preferred shares and shareholders' equity | |||||||||||||||||||||||||
lease liability | 12,958,000 | 16,531,000 | 15,287,000 | 15,287,000 | |||||||||||||||||||||
loan | 3,000,000 | 3,000,000 | |||||||||||||||||||||||
warrant liability | 31,227,000 | 36,792,000 | 54,155,000 | 54,155,000 | |||||||||||||||||||||
convertible preferred shares | |||||||||||||||||||||||||
preferred a, b, b-1, b-2, c, d and e shares with no par value - authorized: 0 and 123,389,750 shares at december 31, 2021 and at december 31, 2020 respectively; issued and outstanding: 0 and 121,472,152 shares at december 31, 2021 and december 31, 2020 respectively. | |||||||||||||||||||||||||
ordinary shares with no par value- authorized: 700,000,000 and 176,535,661 shares as of december 31,2021 and december 31, 2020 respectively; 234,031,897 and 41,357,049 shares issued and outstanding as of december 31, 2021 and december 31, 2020, respectively. | |||||||||||||||||||||||||
total liabilities, convertible preferred shares, and shareholders' equity | 1,597,847,000 | 1,505,766,000 | 928,058,000 | 928,058,000 | |||||||||||||||||||||
preferred a, b, b-1, b-2, c, d and e shares with no par value - authorized: 0 and 123,389,750 shares as of december 31, 2021 and 2020, respectively; issued and outstanding: 0 and 121,472,152 shares as of december 31, 2021 and 2020, respectively. | |||||||||||||||||||||||||
ordinary shares with no par value- authorized:700,000,000 and 176,535,661 shares as of december 31, 2021, and 2020, respectively; shares issued and outstanding: 234,031,749 and 41,357,049 as of december 31, 2021 and 2020, respectively. | |||||||||||||||||||||||||
total liabilities, convertible preferred shares and shareholders' equity | 1,597,314,000 | ||||||||||||||||||||||||
trade payable | 210,112,000 | 157,658,000 | 157,658,000 | ||||||||||||||||||||||
preferred a, b, b-1, b-2, c, d and e shares with no par value - authorized: 0 and 123,389,750 shares at september 30, 2021 and at december 31, 2020 respectively; issued and outstanding: 0 and 121,472,152 shares at september 30, 2021 and december 31, 2020 respectively. | |||||||||||||||||||||||||
ordinary shares with no par value- authorized:700,000,000 and 176,535,661 shares as of september 30, 2021, and december 31, 2020, respectively; shares issued and outstanding of 231,640,546 and 41,357,049 as of september 30, 2021 and december 31, 2020, respectively. | |||||||||||||||||||||||||
preferred a, b, b-1, b-2, c, d and e shares with no par value - authorized: 0 and 123,389,750 shares at june 30, 2021 and at december 31, 2020 respectively; issued and outstanding: 0 and 121,472,152 shares at june 30, 2021 and december 31, 2020 respectively. | |||||||||||||||||||||||||
ordinary shares with no par value- authorized:700,000,000 and 176,535,661 shares as of june 30, 2021, and december 31, 2020, respectively; shares issued and outstanding of 211,198,259 and 41,357,049 as of june 30, 2021 and december 31, 2020, respectively. | |||||||||||||||||||||||||
non-current assets - sum | 165,099,000 | ||||||||||||||||||||||||
preferred a, b, b-1, b-2, c, d and e shares with no par value - authorized: 123,389,750 shares at december 31, 2020; issued and outstanding: 121,472,152 shares at december 31, 2020: aggregate liquidation preference of 308,765 as of december 31, 2020. | |||||||||||||||||||||||||
ordinary shares with no par value- authorized: 700,000,000 and 176,535,661 shares as of june 30 , 2021 and december 31, 2020 respectively; 211,198,259 and 41,357,049 shares issued and outstanding as of june 30, 2021 and december 31, 2020, respectively. |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-08-09 | 2022-05-20 | 2022-05-12 | 2021-12-31 | 2021-11-22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
cash flows from operating activities | ||||||||||||||||||||
net income | 59,066,000 | -6,454,000 | -4,291,000 | -26,158,000 | -31,313,000 | 3,888,000 | 3,888,000 | 585,000 | ||||||||||||
adjustments to reconcile net income to net cash flows from operating activities: | ||||||||||||||||||||
depreciation, amortization and write-offs | 16,072,000 | |||||||||||||||||||
share-based compensation expenses | 14,195,000 | 16,133,000 | 15,714,000 | 16,572,000 | 15,517,000 | 15,206,000 | 17,186,000 | 18,305,000 | 16,401,000 | 15,463,000 | 16,251,000 | 16,535,000 | 16,082,000 | 15,950,000 | 18,710,000 | 603,000 | 19,829,000 | |||
net loss from financing expenses | 209,000 | 564,000 | -328,000 | -3,257,000 | 2,974,000 | 671,000 | 671,000 | |||||||||||||
revaluation of the warrants liability | -396,000 | 903,000 | -1,726,000 | 1,864,000 | -738,000 | -3,926,000 | 39,000 | 106,000 | 241,000 | 702,000 | -1,676,000 | 2,517,000 | -988,000 | -14,042,000 | ||||||
amortization of loan and credit facility issuance costs | 184,000 | 184,000 | 277,000 | 184,000 | 413,000 | 444,000 | 363,000 | 375,000 | 354,000 | 399,000 | 329,000 | 391,000 | 500,000 | |||||||
loss on extinguishment of debt | 0 | 0 | 0 | 6,597,000 | ||||||||||||||||
commercial agreement asset amortization | 4,037,000 | 4,126,000 | 4,126,000 | 4,082,000 | 4,037,000 | 1,442,000 | ||||||||||||||
change in operating assets and liabilities: | ||||||||||||||||||||
decrease in trade receivables | 50,257,000 | -51,266,000 | -13,122,000 | 9,136,000 | 65,196,000 | -11,656,000 | 2,565,000 | 22,068,000 | -14,681,000 | -5,091,000 | 44,362,000 | 15,056,000 | -46,254,000 | 45,935,000 | 45,935,000 | -4,487,000 | ||||
decrease in prepaid expenses and other current assets and long-term prepaid expenses | 16,257,000 | -9,476,000 | -1,861,000 | -1,717,000 | 4,434,000 | 4,876,000 | 8,797,000 | 5,791,000 | 9,199,000 | 7,921,000 | 721,000 | -26,544,000 | -4,622,000 | |||||||
decrease in trade payables | -42,229,000 | 12,126,000 | 12,037,000 | -31,758,000 | -3,635,000 | -8,262,000 | -6,923,000 | -22,807,000 | -2,134,000 | -45,864,000 | -45,864,000 | |||||||||
decrease in accrued expenses and other current liabilities and other long-term liabilities | -7,523,000 | -22,196,000 | -1,476,000 | 15,251,000 | -13,439,000 | |||||||||||||||
increase in deferred taxes | -1,507,000 | -3,685,000 | 2,790,000 | -4,086,000 | -4,086,000 | 3,633,000 | ||||||||||||||
change in operating lease right of use assets | 7,040,000 | 6,459,000 | 6,691,000 | 6,443,000 | 6,211,000 | 5,276,000 | 5,354,000 | 4,831,000 | 4,453,000 | 4,383,000 | 4,372,000 | 3,924,000 | 4,151,000 | 3,992,000 | 3,897,000 | 1,849,000 | 2,895,000 | 2,895,000 | 3,651,000 | 3,587,000 |
change in operating lease liabilities | -7,007,000 | -5,465,000 | -6,565,000 | -2,691,000 | -6,388,000 | -6,345,000 | -4,885,000 | -5,613,000 | -5,593,000 | -2,659,000 | -4,578,000 | -3,621,000 | -3,839,000 | -2,471,000 | -4,700,000 | -3,710,000 | -4,276,000 | -4,276,000 | -3,298,000 | -4,126,000 |
net cash from operating activities | 108,655,000 | 59,653,000 | 53,203,000 | 47,397,000 | 48,111,000 | 61,935,000 | 49,772,000 | 40,229,000 | 32,395,000 | 22,792,000 | 32,459,000 | 11,598,000 | 17,524,000 | 20,058,000 | 23,219,000 | -6,039,000 | 8,123,000 | 8,123,000 | 22,968,000 | 26,573,000 |
capital expenditures | -18,374,000 | 0 | -6,914,000 | -13,236,000 | -12,041,000 | -10,025,000 | -6,908,000 | -12,633,000 | -5,589,000 | -12,294,000 | -9,661,000 | -3,828,000 | -6,350,000 | -6,438,000 | -12,224,000 | -2,448,000 | -5,093,000 | -6,902,000 | 0 | -6,565,000 |
free cash flows | 90,281,000 | 59,653,000 | 46,289,000 | 34,161,000 | 36,070,000 | 51,910,000 | 42,864,000 | 27,596,000 | 26,806,000 | 10,498,000 | 22,798,000 | 7,770,000 | 11,174,000 | 13,620,000 | 10,995,000 | -8,487,000 | 3,030,000 | 1,221,000 | 22,968,000 | 20,008,000 |
cash flows from investing activities | ||||||||||||||||||||
purchase of property and equipment | -18,374,000 | |||||||||||||||||||
proceeds from maturities of short-term investments | 200,000 | 0 | 3,780,000 | 0 | 0 | 2,500,000 | 3,265,000 | |||||||||||||
net cash from investing activities | -18,374,000 | -12,727,000 | -6,714,000 | -13,236,000 | -8,261,000 | -10,025,000 | -6,908,000 | -11,571,000 | -1,605,000 | -5,605,000 | 20,119,000 | 9,816,000 | 35,310,000 | 17,020,000 | -62,764,000 | 5,479,000 | -49,648,000 | -49,648,000 | -10,725,000 | -590,596,000 |
cash flows from financing activities | ||||||||||||||||||||
issuance costs | 0 | 0 | -275,000 | -663,000 | 0 | 0 | -239,000 | -456,000 | ||||||||||||
exercise of options | 997,000 | |||||||||||||||||||
payment of tax withholding for share-based compensation expenses | -2,575,000 | -1,135,000 | -842,000 | -690,000 | -709,000 | -978,000 | -709,000 | -591,000 | -1,305,000 | -1,117,000 | -791,000 | |||||||||
repurchase of ordinary shares and non-voting ordinary shares | -22,691,000 | -70,770,000 | -34,591,000 | -100,666,000 | -49,342,000 | |||||||||||||||
payments on account of repurchase of ordinary shares | -493,000 | 937,000 | 1,181,000 | -705,000 | -2,355,000 | 258,000 | 52,000 | 1,184,000 | -1,658,000 | |||||||||||
repayment of long-term loan | -122,736,000 | -50,000,000 | -750,000 | -30,750,000 | -750,000 | |||||||||||||||
proceeds from revolving credit line, net of issuance costs | 0 | 0 | 0 | 123,985,000 | ||||||||||||||||
additional proceeds from revolving credit line | 109,000,000 | 153,800,000 | 152,700,000 | |||||||||||||||||
repayment of revolving credit line | -144,900,000 | -125,500,000 | -166,700,000 | |||||||||||||||||
net cash from financing activities | -60,662,000 | -40,810,000 | -46,476,000 | -138,780,000 | -51,248,000 | -37,662,000 | -9,741,000 | -23,808,000 | -28,772,000 | -81,423,000 | -17,881,000 | -35,104,000 | -206,000 | -62,919,000 | -2,301,000 | 739,000 | 804,000 | 804,000 | -5,155,000 | 290,048,000 |
exchange rate differences on balances of cash and cash equivalents | -209,000 | -726,000 | 221,000 | 3,637,000 | 1,038,000 | -4,895,000 | 1,909,000 | -1,186,000 | 408,000 | 2,085,000 | -1,033,000 | -564,000 | 328,000 | |||||||
increase in cash and cash equivalents | 29,410,000 | 5,390,000 | 234,000 | -100,982,000 | -10,360,000 | 9,353,000 | 35,032,000 | 3,664,000 | 2,426,000 | -62,151,000 | 33,664,000 | -14,254,000 | 52,956,000 | -22,584,000 | -45,263,000 | |||||
cash and cash equivalents - at the beginning of the period | 120,865,000 | 0 | 0 | 0 | 226,583,000 | 0 | 0 | 0 | 176,108,000 | 0 | 0 | 0 | 165,893,000 | 0 | 0 | -41,392,000 | 319,319,000 | 319,319,000 | 0 | 0 |
cash and cash equivalents - at end of the period | 150,275,000 | 234,000 | -100,982,000 | 216,223,000 | 35,032,000 | 3,664,000 | 178,534,000 | 33,664,000 | -14,254,000 | 218,849,000 | -22,584,000 | -45,263,000 | -44,187,000 | 277,927,000 | 277,927,000 | 7,551,000 | -273,475,000 | |||
adjustments to reconcile net loss to net cash flows from operating activities: | ||||||||||||||||||||
depreciation, amortization and write-off | 18,656,000 | 20,441,000 | ||||||||||||||||||
amortization of premium and accretion of discount on short-term investments | -53,000 | 147,000 | -59,000 | 142,000 | 9,000 | -393,000 | -249,000 | -281,000 | -357,000 | |||||||||||
loss from disposal of property and equipment | ||||||||||||||||||||
increase in trade payables | 38,821,000 | 34,341,000 | ||||||||||||||||||
increase in accrued expenses and other current liabilities and other long-term liabilities | 30,087,000 | 12,672,000 | 12,550,000 | 21,449,000 | 19,825,000 | |||||||||||||||
purchase of property and equipment, including intangible assets | ||||||||||||||||||||
cash paid in connection with acquisitions, net of cash acquired | 0 | |||||||||||||||||||
investment in restricted deposits | ||||||||||||||||||||
proceeds from maturities of short-term investments and restricted deposits | ||||||||||||||||||||
purchase of short-term investments | 0 | 0 | 1,000 | -51,527,000 | ||||||||||||||||
repayment of long term loan | 0 | 0 | ||||||||||||||||||
cash and cash equivalents - at the end of the period | ||||||||||||||||||||
net loss | 5,244,000 | -4,345,000 | -8,750,000 | |||||||||||||||||
net gain from financing expenses | -1,038,000 | -408,000 | ||||||||||||||||||
revaluation of the warrant liability | -17,363,000 | |||||||||||||||||||
decrease in deferred taxes | -671,000 | -1,689,000 | -3,120,000 | 1,644,000 | -3,061,000 | -7,278,000 | -1,724,000 | |||||||||||||
purchase of property and equipment, including capitalized internal-use software | -6,914,000 | -13,236,000 | -12,041,000 | -10,025,000 | -6,908,000 | -12,633,000 | -5,589,000 | -12,294,000 | -9,661,000 | -3,828,000 | -6,350,000 | -6,438,000 | -12,224,000 | -2,448,000 | -6,902,000 | -6,902,000 | ||||
business acquisition deferred payment | 0 | |||||||||||||||||||
exercise of options and vested rsus | 2,090,000 | 2,501,000 | 705,000 | 1,855,000 | 968,000 | 2,932,000 | 1,809,000 | 1,524,000 | 2,973,000 | 1,121,000 | 1,335,000 | 920,000 | 1,435,000 | -766,000 | 3,399,000 | 3,399,000 | 2,539,000 | 2,560,000 | ||
payments of tax withholding for share-based compensation | -1,845,000 | |||||||||||||||||||
depreciation and amortization and write-offs | 20,682,000 | |||||||||||||||||||
proceeds from business acquisition holdback liability | 719,000 | |||||||||||||||||||
increase in trade receivables | ||||||||||||||||||||
proceeds from (investment in) restricted deposits | -136,000 | |||||||||||||||||||
repurchase of ordinary shares | -9,085,000 | -10,052,000 | -26,707,000 | -27,758,000 | -32,356,000 | -18,799,000 | ||||||||||||||
costs associated with entering into a revolving credit facility | -184,000 | |||||||||||||||||||
supplemental disclosures of cash flow information: | ||||||||||||||||||||
cash paid during the year for: | ||||||||||||||||||||
income taxes | 6,437,000 | 2,418,000 | ||||||||||||||||||
interest | 4,721,000 | 3,570,000 | ||||||||||||||||||
non-cash investing and financing activities: | ||||||||||||||||||||
share-based compensation included in capitalized internal-use software | 440,000 | 517,000 | ||||||||||||||||||
creation of operating lease right-of-use assets | 8,541,000 | |||||||||||||||||||
issuance of ordinary shares and non-voting ordinary shares related to commercial agreement | ||||||||||||||||||||
reclassification of restricted deposit to short-term deposit | ||||||||||||||||||||
depreciation and amortization | 24,793,000 | 25,862,000 | 25,321,000 | 25,803,000 | 25,316,000 | 22,792,000 | 22,601,000 | 22,510,000 | 23,222,000 | 137,000 | 22,676,000 | 22,676,000 | 23,061,000 | 13,160,000 | ||||||
net income (income) from financing expenses | ||||||||||||||||||||
investments in restricted deposits | -280,000 | |||||||||||||||||||
net income from financing expenses | ||||||||||||||||||||
issuance of ordinary shares, net of offering costs | ||||||||||||||||||||
proceeds from long-term loan, net of debt issuance costs | ||||||||||||||||||||
issuance of warrants | ||||||||||||||||||||
decrease (increase) in prepaid expenses and other current assets and long-term prepaid expenses | ||||||||||||||||||||
proceeds from sales and maturities of short-term investments | 30,033,000 | 35,696,000 | 41,940,000 | 23,464,000 | ||||||||||||||||
proceeds from (investments in) restricted deposits | ||||||||||||||||||||
payments of cash in escrow for acquisition of a subsidiary | -2,100,000 | -2,100,000 | ||||||||||||||||||
investment in short-term deposits | -40,026,000 | -40,026,000 | ||||||||||||||||||
accrued interest | ||||||||||||||||||||
proceeds from short-term deposits | ||||||||||||||||||||
payments of tax withholding for share-based compensation expenses | -1,641,000 | -1,925,000 | ||||||||||||||||||
amortization of loan issuance costs | 291,000 | |||||||||||||||||||
increase in prepaid expenses and other current assets and long-term prepaid expenses | -7,571,000 | 284,000 | -3,317,000 | -3,317,000 | ||||||||||||||||
increase in accrued expenses and other current liabilities | -2,570,000 | 14,802,000 | -3,904,000 | |||||||||||||||||
proceeds from restricted deposits | 88,000 | |||||||||||||||||||
repayment of current portion of long-term loan | -750,000 | 0 | -750,000 | -750,000 | ||||||||||||||||
exchange differences on balances of cash and cash equivalents | -3,417,000 | -2,974,000 | -671,000 | -671,000 | ||||||||||||||||
purchase of property, plant and equipment and intangible assets | 1,809,000 | |||||||||||||||||||
deferred offering costs incurred during the period included in long-term prepaid expenses | ||||||||||||||||||||
accrued interest on short-term investments | ||||||||||||||||||||
cash paid in connection with acquisitions | -620,000 | |||||||||||||||||||
release of escrow funds in connection with acquisition of subsidiary | ||||||||||||||||||||
purchase of property, plant and equipment | 534,000 | |||||||||||||||||||
adjustment of right-of-use assets upon modification of existing lease | ||||||||||||||||||||
amortization of loan issuance cost | -1,000 | 358,000 | 358,000 | |||||||||||||||||
cash flows from operating activities: | ||||||||||||||||||||
revaluation of warrants liability | -14,042,000 | |||||||||||||||||||
changes in operating assets and liabilities: | ||||||||||||||||||||
decrease in accrued expenses and other current liabilities | -16,544,000 | -16,544,000 | ||||||||||||||||||
cash paid in connection with acquisition of a subsidiary | -620,000 | |||||||||||||||||||
payment of deferred offering costs | ||||||||||||||||||||
decrease in cash and cash equivalents | -41,392,000 | -41,392,000 | ||||||||||||||||||
deferred offering costs incurred during the period included in the long-term prepaid expenses | ||||||||||||||||||||
share based compensation expenses | 19,829,000 | 24,363,000 | 19,940,000 | |||||||||||||||||
payment of deferred offering cost | ||||||||||||||||||||
payments of tax withholding for share based compensation | -1,845,000 | |||||||||||||||||||
purchase of property and equipment, including capitalized platform costs | -7,099,000 | |||||||||||||||||||
decrease in restricted deposits | -211,000 | |||||||||||||||||||
decrease in short-term deposits | ||||||||||||||||||||
issuance of share, net of offering costs | -792,000 | -1,262,000 | ||||||||||||||||||
issuance of warrant | 0 | |||||||||||||||||||
proceeds from long term loans, net of debt issuance cost | ||||||||||||||||||||
repayment of short term loan | ||||||||||||||||||||
net gain from financing | ||||||||||||||||||||
changes in operating assets and liabilities, net of business combinations: | ||||||||||||||||||||
cash flows from investing activities: | ||||||||||||||||||||
cash paid in connection with acquisitions, net of cash received | ||||||||||||||||||||
proceeds from (investment in) short-term deposits | ||||||||||||||||||||
cash flows from financing activities: | ||||||||||||||||||||
proceeds from long-term loan, net of debt issuance cost | ||||||||||||||||||||
decrease in trade payable | 3,840,000 | |||||||||||||||||||
exchange differences on balances of cash, cash equivalents | 500,000 | |||||||||||||||||||
increase in cash, cash equivalents | -273,475,000 | |||||||||||||||||||
supplemental information: | ||||||||||||||||||||
cash paid for income taxes | 1,816,000 | |||||||||||||||||||
noncash activities | ||||||||||||||||||||
unpaid offering cost | -1,262,000 | |||||||||||||||||||
non cash activities | ||||||||||||||||||||
increase in trade payable | ||||||||||||||||||||
cash, cash equivalents - at the beginning of the period | ||||||||||||||||||||
cash, cash equivalents - at end of the period |