v3.26.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities:    
Net loss $ (68,752) $ (18,805)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 968 533
Share-based compensation 6,700 5,331
Non-cash financial expense (income), net 412 (991)
Increase in prepaid expenses and other receivables (664) (1,151)
Increase in long-term prepaid expenses (46) (31)
Decrease in trade payables (703) (1,134)
Increase (decrease) in other payables and accrued expenses (357) 546
Increase in deferred revenue 18,878
Increase in deferred tax liability 215 160
Change in the fair value of warrants liability 42,183 443
Change in operating lease liabilities 29 90
Change in operating lease right-of-use assets 392 397
Net cash used in operating activities (745) (14,612)
Cash flows from investing activities:    
Investment in short-term deposits (82,064) (32,962)
Investment in restricted deposits (48)
Proceeds from short-term deposits 65,172 11,977
Purchase of property and equipment (434) (3,209)
Net cash used in investing activities (17,374) (24,194)
Cash flows from financing activities:    
Proceeds from exercise of options 2,886
Proceeds from issuance of Ordinary shares, net 26,122 36,756
Net cash provided by financing activities 29,008 36,756
Effect of exchange rate changes on cash and cash equivalents (98) 29
Increase (decrease) in cash and cash equivalents 10,791 (2,021)
Cash and cash equivalents at beginning of period 12,202 13,724
Cash and cash equivalents at end of period 22,993 11,703
Supplemental disclosures of cash flow information:    
Cash paid during the period for income tax 16 4
Cash paid during the period for interest 169 137
Supplemental disclosure of noncash investing and financing activities:    
Operating lease liabilities arising from obtaining right of use assets 945 216
Purchases of property, plant and equipment in exchange for Ordinary shares $ 675