v3.25.2
CONSOLIDATED INTERIM BALANCE SHEETS - USD ($)
Jun. 30, 2025
Dec. 31, 2024
CURRENT ASSETS    
Cash and cash equivalents $ 115,241,000 $ 226,583,000
Short-term investments 0 3,780,000
Restricted deposits 200,000 200,000
Trade receivables (net of allowance for credit losses of $12,997 and $11,815 as of June 30, 2025 and December 31, 2024, respectively) [1] 295,778,000 370,110,000
Prepaid expenses and other current assets 61,758,000 55,328,000
Total current assets 472,977,000 656,001,000
NON-CURRENT ASSETS    
Long-term prepaid expenses 24,500,000 25,193,000
Commercial agreement asset 278,501,000 286,619,000
Restricted deposits 1,462,000 1,462,000
Operating lease right of use assets 78,430,000 58,997,000
Property and equipment, net 79,207,000 69,388,000
Intangible assets, net 37,573,000 65,067,000
Goodwill 555,931,000 555,931,000
Total non-current assets 1,055,604,000 1,062,657,000
Total assets 1,528,581,000 1,718,658,000
CURRENT LIABILITIES    
Trade payables [2] 290,883,000 309,229,000
Short-term operating lease liabilities 27,748,000 21,881,000
Accrued expenses and other current liabilities 121,360,000 154,472,000
Total current liabilities 439,991,000 485,582,000
LONG-TERM LIABILITIES    
Long-term loan and revolving credit facility [3] 88,000,000 116,452,000
Long-term operating lease liabilities 59,702,000 42,561,000
Warrants liability 2,545,000 3,368,000
Deferred tax liabilities, net 688,000 5,497,000
Other long-term liabilities 12,622,000 13,292,000
Total long-term liabilities 163,557,000 181,170,000
COMMITMENTS AND CONTINGENCIES (Note 11)
SHAREHOLDERS' EQUITY    
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) (130,117,000)
Additional paid-in capital 1,369,870,000 1,335,825,000
Accumulated other comprehensive income 2,768,000 418,000
Accumulated deficit (167,315,000) (154,220,000)
Total shareholders' equity 925,033,000 1,051,906,000
Total liabilities and shareholders' equity 1,528,581,000 1,718,658,000
Ordinary shares    
SHAREHOLDERS' EQUITY    
Ordinary shares 0 0
Non-voting Ordinary shares    
SHAREHOLDERS' EQUITY    
Ordinary shares $ 0 $ 0
[1] Includes related party trade receivables of $34,552 and $76,677, as of June 30, 2025 and December 31, 2024, respectively.
[2] Includes related party trade payables of $60,916 and $68,556, as of June 30, 2025 and December 31, 2024, respectively.
[3] The balance as of June 30, 2025, reflects $88,000 outstanding under the revolving credit facility. The December 31, 2024, balance reflects $116,452 under the long-term loan. See Note 8 of Notes to the Unaudited Consolidated Interim Financial Statements.