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

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
Dec. 31, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 94,527,000 $ 70,200,000
Short-term bank deposits 150,000,000 80,500,000
Accounts receivable, net of allowance for credit losses of $0.9 million and $0.5 million as of December 31, 2022 and December 31, 2021, respectively 160,478,000 152,979,000
Inventories 145,238,000 179,809,000
Prepaid expenses 5,500,000 7,630,000
Other current assets 26,241,000 21,843,000
Total current assets 581,984,000 512,961,000
Non-current assets    
Property, plant and equipment, net 192,566,000 184,379,000
Goodwill 101,599,000 99,082,000
Other intangible assets, net 95,842,000 106,253,000
Operating lease right-of-use assets 25,417,000 32,169,000
Long-term investments 63,104,000 80,205,000
Other non-current assets 13,252,000 14,697,000
Total non-current assets 491,780,000 516,785,000
Total assets 1,073,764,000 1,029,746,000
Current liabilities    
Accounts payable 43,021,000 44,977,000
Accrued expenses and other current liabilities 34,284,000 39,749,000
Accrued compensation and related benefits 31,304,000 29,206,000
Deferred revenues - short-term 47,835,000 46,347,000
Operating lease liabilities - short term 6,597,000 6,935,000
Total current liabilities 163,041,000 167,214,000
Non-current liabilities    
Deferred revenues - long-term 19,062,000 19,057,000
Deferred income taxes 312,000 507,000
Operating lease liabilities - long term 19,903,000 25,155,000
Contingent consideration 5,353,000 4,933,000
Other non-current liabilities 23,193,000 19,889,000
Total non-current liabilities 67,823,000 69,541,000
Total liabilities 230,864,000 236,755,000
Equity    
Ordinary shares, NIS 0.01 nominal value, authorized 180,000 shares; 67,086 shares and 65,677 shares issued and outstanding at December 31, 2022 and 2021, respectively 242,000 202,000
Ordinary shares 1,995,000 1,995,000
Additional paid-in capital 3,275,344,000 3,123,024,000
Accumulated other comprehensive loss (6,197,000) (8,031,000)
Total equity 842,900,000 792,991,000
Accumulated deficit (2,424,494,000) (2,320,209,000)
Total liabilities and equity $ 1,073,764,000 $ 1,029,746,000