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

Fair Value Measurement (Tables)

v3.25.4
Fair Value Measurement (Tables)
12 Months Ended
Dec. 31, 2025
Fair Value Disclosures [Abstract]  
Schedule of financial assets and liabilities that are carried at fair value on a recurring basis
December 31, 2025
Level 1
Level 2 Level 3
(U.S. $ in thousands)
Assets:
Foreign exchange forward contracts not designated as hedging instruments
$ —  $ 15  $ — 
Foreign exchange forward contracts designated as hedging instruments
—  454  — 
Convertible notes —  —  15,400 
Marketable securities
289  —  — 
Liabilities:
Foreign exchange forward contracts not designated as hedging instruments
—  (175) — 
Foreign exchange forward contracts designated as hedging instruments
—  (235) — 
Contingent consideration1 —  —  (12,513)
$ 289  $ 59  $ 2,887 
 
December 31, 2024
Level 1
Level 2 Level 3
(U.S. $ in thousands)
Assets:
Foreign exchange forward contracts not designated as hedging instruments $ —  $ 71  $ — 
Foreign exchange forward contracts designated as hedging instruments —  4,005  — 
Convertible notes —  —  10,486 
Marketable securities 596  —  — 
Liabilities:
Foreign exchange forward contracts not designated as hedging instruments —  (21) — 
Foreign exchange forward contracts designated as hedging instruments —  (3) — 
Contingent consideration¹ —  —  (12,694)
$ 596  $ 4,052  $ (2,208)
Schedule of fair value measurements are estimated utilizing Level 3 inputs
December 31,
2025 2024
(U.S. $ in thousands)
Fair value at the beginning of the period $ (2,208) $ (11,585)
Acquisitions of Contingent considerations (102) — 
Investments in Convertible notes 10,325  5,368 
Note and accrued interest converted to ordinary shares (6,969) — 
Revaluation of Contingent considerations (1,031) 4,897 
Revaluation of Convertible notes and interest accrued
1,558  (1,900)
Settlements of Contingent considerations 1,314  1,012 
Fair value at the end of the period $ 2,887  $ (2,208)