v3.26.1
Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Income Statement [Abstract]      
Revenue $ 247 $ 1,041 $ 764
Cost of revenue 3,111 1,527 1,869
Gross loss (2,864) (486) (1,105)
Research and development, net 3,742 5,062 5,215
Sales and marketing 1,310 1,324 3,041
General and administrative 14,908 3,664 2,850
Unrealized loss on digital assets 30,307 [1]
Operating loss (53,131) (10,536) (12,211)
Interest expenses 160 171
Other finance expenses (income), net 2,298 283 (456)
Net loss $ (55,589) $ (10,990) $ (11,755)
Net loss per ordinary share attributable to shareholders basic $ (0.94) $ (1.09) $ (1.99)
Net loss per ordinary share attributable to shareholders diluted $ (0.94) $ (1.09) $ (1.99)
Weighted average ordinary shares outstanding basic 59,291 10,070 5,912
Weighted average ordinary shares outstanding diluted 59,291 10,070 5,912
[1] Other segment items for the Flywheel Business are primarily related to cost of revenue, payroll and other costs supporting the Company’s research and development activity, patents and certain expenses that are not easily allocatable to specific functions.