v3.25.2
Interim Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 179,223 $ 191,659
Short-term deposits 146,053 153,746
Marketable securities 146,908 101,818
Trade receivables (net of allowance for credit losses of $574 and $594 as of June 30, 2025 and December 31, 2024, respectively) 93,127 82,358
Prepaid expenses and other current assets 23,489 23,246
Contract acquisition costs 7,772 5,827
Inventories 9,537 8,939
Total current assets 606,109 567,593
Non-current assets    
Other non-current assets 6,687 7,682
Marketable securities 85,661 36,601
Deferred tax assets, net 12,586 11,072
Property and equipment, net 19,962 16,995
Operating lease right-of-use assets, net 17,464 10,604
Intangible assets, net 10,242 11,306
Goodwill 28,714 28,714
Total non-current assets 181,316 122,974
Total assets 787,425 690,567
Current Liabilities    
Trade payables 10,587 11,077
Other accounts payable and accrued expenses 67,969 63,330
Deferred revenues 227,177 216,970
Operating lease liabilities 4,236 4,125
Total current liabilities 309,969 295,502
Long-term liabilities    
Other long-term liabilities 6,852 6,954
Deferred revenues 44,096 45,247
Operating lease liabilities 18,095 6,844
Total long-term liabilities 69,043 59,045
Total liabilities 379,012 354,547
Shareholders’ equity    
Share capital, NIS 0.00001 par value; 3,454,112,863 shares authorized, 244,510,882 and 234,566,473 shares issued and 244,469,106 and 234,524,697 shares outstanding as of June 30, 2025 and December 31, 2024, respectively [1]
Additional paid-in capital 533,847 498,883
Treasury share, NIS 0.00001 par value; 41,776 ordinary shares (85) (85)
Accumulated other comprehensive income 2,639 2,086
Accumulated deficit (127,988) (164,864)
Total shareholders’ equity 408,413 336,020
Total liabilities and shareholders’ equity $ 787,425 $ 690,567
[1] Less than 1 USD