v3.25.2
Interim Consolidated Statement of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flow from operating activities:    
Net income (loss) $ 36,876 $ (95,183)
Adjustments to reconcile net income to net cash provided by operating activities:    
Share-based compensation 17,587 12,251
Amortization of premium, discount and accrued interest on marketable securities (1,725) (1,302)
Depreciation and amortization 5,223 5,256
Interest income from short-term deposits (4,683) (5,470)
Deferred income taxes (1,773) (1,568)
Remeasurement of Warrant liability 39,393
Remeasurement of Restricted Sponsor Shares liability 27,983
Remeasurement of Price Adjustment Shares liability 53,043
(Increase) decrease in trade receivables (9,210) 6,021
Increase (decrease) in deferred revenue 3,302 (15,055)
Decrease (increase) in other non-current assets 995 (883)
Decrease in prepaid expenses and other current assets 2,732 2,752
Changes in Operating lease right-of-use assets 2,226 2,641
Changes in Operating lease liabilities (1,711) (2,542)
(Increase) decrease in inventories (534) 1,151
Decrease in trade payables (1,212) (1,591)
Increase (decrease) in other accounts payable and accrued expenses 5,470 (3,320)
(Decrease) increase in other long-term liabilities (102) 977
Net cash provided by operating activities 53,461 24,554
Cash flows from investing activities:    
Purchases of property and equipment (5,947) (3,568)
Purchase of intangible assets (904)
Investment in marketable securities (183,146) (99,282)
Proceeds from maturities of marketable securities 59,623 35,436
Proceeds from sales of marketable securities 31,166
Investment in short-term deposits (84,000) (122,000)
Redemption of short-term deposits 96,377 75,459
Net cash used in investing activities (85,927) (114,859)
Cash flows from financing activities:    
Exercise of options to shares 15,117 6,887
Proceeds from Employee Share Purchase Plan 2,329 1,506
Net cash provided by financing activities 17,446 8,393
Net decrease in cash and cash equivalents (15,020) (81,912)
Net effect of currency translation on cash and cash equivalents 2,584 (649)
Cash and cash equivalents at beginning of period 191,659 189,517
Cash and cash equivalents at end of period 179,223 106,956
Supplemental cash flow information:    
Income taxes (received) paid (8,073) 2,557
Non-cash activities    
Operating lease liabilities arising from obtaining right-of-use assets $ 13,141 $ 215