Innoviz Technologies Ltd. Annual and transition report of foreign private issuers [Sections 13 or 15(d)]

Annual and transition report of foreign private issuers [Sections 13 or 15(d)]

Cover
- Cover Page
Financial Statements
Notes to Financial Statements
Accounting Policies
- SIGNIFICANT ACCOUNTING POLICIES (Policies)
Notes Tables
Notes Details

SHARE-BASED COMPENSATION (Tables)

v3.25.4

SHARE-BASED COMPENSATION (Tables)

12 Months Ended

Dec. 31, 2025

Share-Based Payment Arrangement [Abstract]

Summary of Share-Based Payment Award, Employee Stock Purchase Plan, Valuation Assumptions

	Year ended December 31,
	2025	2024	2023

Expected term, in years	4.57	4.57	4.59
Expected volatility	67%	69%	67%
Risk-free interest rate	3.74%-4.10%	3.72%-4.40%	4.30%-4.55%
Expected dividend yield	0%	0%	0%

Summary of Share-Based Compensation Arrangements by Share-based Payment Award

	Number of options		Weighted-average exercise price		Weighted- average remaining contractual term (in years)		Aggregate intrinsic value

Outstanding at January 1, 2025		10,857,287	$	4.76		4.20	$	4,343

Granted		550,016	$	1.55
Exercised		1,094,849	$	0.73			$	705
Forfeited		120,716	$	3.66
Expired		646,042	$	5.1

Outstanding at December 31, 2025		9,545,696	$	5.03		3.36	$	539

Exercisable at December 31, 2025		8,496,180	$	5.41		3.06	$	507

Summary of Restricted Stock Units granted

	Number of shares		Weighted average grant date fair value per share

Unvested as of January 1, 2025		16,859,323	$	2.15
Granted		17,509,288	$	1.27
Vested		5,569,484	$	2.24
Forfeited		3,374,691	$	2.99
Unvested as of December 31, 2025		25,424,436	$	1.41

Summary of Share Based Payment Award Equity Instruments Other Than Options Valuation Assumptions

	Year ended December, 31,2025

Share price	$	1.20
Expected volatility		86.61%
Risk-free interest rate		3.69%
Expected dividend yield		0%
Expected term (years)		2.67-2.98

Summary of Share-Based Payment Arrangement, Expensed and Capitalized, Amount

	Year ended December 31,
	2025		2024		2023

Cost of revenues	$	5,211	$	2,720	$	1,587
Research and development		6,243		11,221		13,690
Sales and marketing		790		1,228		1,409
General and administrative		3,710		4,513		5,634

	$	15,954	$	19,682	$	22,320

- Definition

Tabular disclosure of the significant assumptions used during the year to estimate the fair value of equity instruments other than options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.

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Tabular disclosure of share-based payment arrangement.

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Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement.

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Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year.

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