v3.25.2
SHAREHOLDERS' EQUITY AND SHARE INCENTIVE PLANS (Tables)
 6 Months Ended
Jun. 30, 2025
SHAREHOLDERS' EQUITY AND SHARE INCENTIVE PLANS [Abstract]  
Schedule of Share Option Activity The following is a summary of share option activity and related information for the six months ended June 30, 2025 (including employees, directors, officers and consultants of the Company):
Outstanding Share OptionsWeighted Average Exercise PriceWeighted Average Remaining Contractual Life (Years)Aggregate Intrinsic Value
Balance as of January 1, 202525,157,131 $3.50 4.74$36,594
Exercised(1,245,820)2.57 —994
Forfeited(549,298)5.08——
Balance as of June 30, 2025 (unaudited)23,362,013 $3.51 4.36$35,106
Exercisable as of June 30, 2025 (unaudited)22,278,129 $3.38 4.28 years$34,116
Schedule of Nonvested Restricted Stock Units Activity The following is a summary of the RSU activity and related information for the six months ended June 30, 2025:
Outstanding Restricted Shares UnitsWeighted Average Grant Date Fair Value
Balance as of January 1, 202525,440,611$4.78 
Granted 16,644,7003.28 
Vested (*)(6,725,338)4.83 
Forfeited(2,157,894)4.44 
Balance as of June 30, 2025 (unaudited)33,202,079$4.04 
(*) A portion of the shares that vested were netted out to satisfy the tax obligations of the recipients. During the six months ended June 30, 2025, a total of 554,174 RSUs were canceled to satisfy tax obligations, resulting in net issuance of 517,787 Ordinary shares.
Schedule of Share-Based Payment Arrangement, Cost by Plan
The total share-based compensation expense related to all of the Company’s share-based awards recognized for the three and six months ended June 30, 2025 and 2024, was comprised as follows:
Three months ended June 30,Six months ended June 30,
2025202420252024
Unaudited
Cost of revenues$956 $1,096 $1,823 $2,107 
Research and development 6,735 6,852 13,128 13,230 
Sales and marketing4,602 4,532 8,823 8,855 
General and administrative4,279 5,825 8,315 10,514 
Total share-based compensation expense$16,572 $18,305 $32,089 $34,706