v3.26.1
INTERIM CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
CURRENT ASSETS:    
Cash and cash equivalents $ 10,280 $ 90,597
Short-term bank deposits 75,338 45,759
Investment in marketable securities 39,682 9,284
Accounts receivable 680 0
Other accounts receivable and prepaid expenses 3,429 2,382
Total current assets 129,409 148,022
NON-CURRENT ASSETS:    
Restricted long-term bank deposit 448 410
Long-term prepaid expenses 1,314 1,293
Severance pay fund 4,082 3,643
Operating lease right to use asset 2,422 2,521
Property and equipment, net 690 681
Total non-current assets 8,956 8,548
Total assets 138,365 156,570
CURRENT LIABILITIES:    
Trade payables 2,155 2,353
Deferred revenues 11,456 10,970
Current maturity of operating lease liability 623 521
Accrued expenses 5,255 5,676
Employees and related accruals 3,144 3,050
Total current liabilities 22,633 22,570
NON- CURRENT LIABILITIES:    
Deferred revenues 20,360 24,943
Operating lease liability 2,400 2,439
Accrued severance pay 4,238 3,887
Total non-current liabilities 26,998 31,269
COMMITMENTS AND CONTINGENT LIABILITIES
SHAREHOLDERS' EQUITY:    
Ordinary shares of NIS 0.01 par value: 200,000,000 shares authorized on June 30, 2026, and December 31, 2025; 94,724,146 and 94,553,191 shares issued and outstanding on June 30, 2026, and December 31, 2025, respectively 262 262
Additional paid-in capital 556,593 555,876
Accumulated other comprehensive income (loss) (31) 8
Accumulated deficit (468,090) (453,415)
Total shareholders' equity 88,734 102,731
Total liabilities and shareholders' equity $ 138,365 $ 156,570