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

SEGMENT INFORMATION (Tables)

v3.25.4
SEGMENT INFORMATION (Tables)
12 Months Ended
Dec. 31, 2025
Segment Reporting [Abstract]  
Summary of Segment Information
   
Year ended December 31,
 
   
2025
   
2024
    2023  
Revenues from external customers
 
$
55,089
   
$
24,268
   
$
20,876
 
Less:
                       
Cost of revenues
   
42,184
     
25,429
     
32,490
 
Research and development expenses
   
56,478
     
73,817
     
92,676
 
Sales and marketing expenses
   
5,751
     
7,474
     
8,777
 
General and administrative expenses
   
18,409
     
19,466
     
19,535
 
Financial income, net
   
(109
)
   
(7,328
)
   
(9,790
)
Taxes on income
   
171
     
167
     
642
 
                         
Segment loss
 
$
67,795
   
$
94,757
   
$
123,454
 
                         
Other segment disclosures:
                       
Depreciation and amortization expenses
 
$
5,873
   
$
7,786
   
$
9,192
 
Share-based compensation expenses
 
$
15,954
   
$
19,682
   
$
22,320
 
Interest income
 
$
3,340
   
$
5,107
   
$
6,227
 
                         
Assets:
                       
Segment assets
 
$
138,452
   
$
132,049
   
$
219,234
 
Expenditures for segment assets
 
$
4,250
   
$
4,412
   
$
6,579
 
Summary of Reportable Segments
   
Year ended December 31,
 
   
2025
   
2024
   
2023
 
                   
Europe, Middle East and Africa (*)
 
$
45,155
   
$
20,755
   
$
18,903
 
North America (**)
   
7,260
     
1,188
     
1,496
 
Israel
   
2,591
     
2,133
     
83
 
Asia Pacific
   
83
     
192
     
394
 
                         
   
$
55,089
   
$
24,268
   
$
20,876
 
Summary of Long-Lived Assets Based on Location
   
Year ended December 31,
 
   
2025
   
2024
 
             
Israel
 
$
43,503
   
$
45,883
 
Germany
   
503
     
724
 
Others
   
936
     
19
 
 
               
   
$
44,942
   
$
46,626