Shareholders’ Equity (Tables)
|
12 Months Ended |
Dec. 31, 2025 |
|---|
| Shareholders’ Equity [Abstract] |
|
| Schedule of Stock Option Activity |
A summary of the stock
option activity under the Company’s equity plans during the years ended December 31, 2025, 2024 and 2023 is as follows:
| |
| Outstanding
share options |
|
| Weighted-
average
exercise
price ($) |
|
| Weighted
average
remaining
contractual
life (years) |
|
| Aggregate
intrinsic
value
($ in thousands) |
|
| Options: |
| |
|
| |
|
| |
|
| |
|
| Outstanding as of December 31, 2022 |
| |
6,052,214 |
|
| |
4.166 |
|
| |
5.570 |
|
| |
7,761,705 |
|
| |
| |
|
|
| |
|
|
| |
|
|
| |
|
|
| Granted |
| |
430,874 |
|
| |
2.728 |
|
| |
|
|
| |
|
|
| Forfeited |
| |
(351,671 |
) |
| |
7.767 |
|
| |
|
|
| |
|
|
| Exercised |
| |
(1,074,162 |
) |
| |
0.654 |
|
| |
|
|
| |
|
|
| Outstanding as of December 31, 2023 |
| |
5,057,255 |
|
| |
4.543 |
|
| |
5.662 |
|
| |
2,352,517 |
|
| |
| |
|
|
| |
|
|
| |
|
|
| |
|
|
| Granted |
| |
80,000 |
|
| |
1.91 |
|
| |
|
|
| |
|
|
| Forfeited |
| |
(291,124 |
) |
| |
6.08 |
|
| |
|
|
| |
|
|
| Exercised |
| |
(255,756 |
) |
| |
0.81 |
|
| |
|
|
| |
|
|
| Outstanding as of December 31, 2024 |
| |
4,590,375 |
|
| |
4.62 |
|
| |
5.87 |
|
| |
1,364,975 |
|
| |
| |
|
|
| |
|
|
| |
|
|
| |
|
|
| Granted |
| |
360,000 |
|
| |
|
|
| |
|
|
| |
|
|
| Forfeited |
| |
(471,914 |
) |
| |
|
|
| |
|
|
| |
|
|
| Exercised |
| |
(394,964 |
) |
| |
|
|
| |
|
|
| |
|
|
| Outstanding as of December 31, 2025 |
| |
4,083,497 |
|
| |
4.38 |
|
| |
5.53 |
|
| |
326,730 |
|
| |
| |
|
|
| |
|
|
| |
|
|
| |
|
|
| Exercisable as of December 31, 2025 |
| |
3,577,070 |
|
| |
4.71 |
|
| |
5.04 |
|
| |
326,730 |
|
| |
| |
|
|
| |
|
|
| |
|
|
| |
|
|
| Options available for future grants |
| |
1,976,527 |
|
| |
|
|
| |
|
|
| |
|
|
|
| Schedule of RSUs Activity |
A summary of the Company’s
RSUs activity during the years ended December 31, 2025, 2024 and 2023 is as follows:
| |
|
Numbers of
RSUs |
|
| RSUs: |
|
|
|
| Outstanding as of December 31,
2022 |
|
|
2,598,084 |
|
| Granted |
|
|
2,908,983 |
|
| Forfeited |
|
|
(370,067 |
) |
| Vested |
|
|
(895,170 |
) |
| Outstanding as of December 31, 2023 |
|
|
4,241,830 |
|
| Granted |
|
|
4,377,834 |
|
| Forfeited |
|
|
(432,018 |
) |
| Vested |
|
|
(3,274,523 |
) |
| Outstanding as of December 31, 2024 |
|
|
4,913,123 |
|
| Granted |
|
|
2,755,887 |
|
| Forfeited |
|
|
(389,665 |
) |
| Vested |
|
|
(4,135,927 |
) |
| Outstanding as of December 31, 2025 |
|
|
3,143,418 |
|
|
| Schedule of Compensation to Employees |
The following table
sets forth the parameters used in computation of the options compensation to employees and service providers:
| |
| Year ended December 31 |
|
| |
| 2025 |
|
| 2024 |
|
| 2023 |
|
| |
| |
|
| |
|
| |
|
| Expected term, in years |
| |
5.81 |
|
| |
6.11 |
|
| |
5.82 |
|
| Expected volatility |
| |
50.38 |
% |
| |
51.75 |
% |
| |
47%-51.75 |
% |
| Risk-free interest rate |
| |
3.7 |
% |
| |
4.23 |
% |
| |
4.15%-4.55 |
% |
| Expected dividend yield |
| |
0 |
% |
| |
0 |
% |
| |
0 |
% |
|
| Schedule of Stock-Based Compensation Expense to Employees |
The following table
presents stock-based compensation expense to employees included in the Company’s consolidated statements of operations:
| |
|
Year ended December 31, |
|
| |
|
2025 |
|
|
2024 |
|
|
2023 |
|
| |
|
|
|
|
|
|
|
|
|
| Research and development |
|
$ |
6,025 |
|
|
$ |
9,684 |
|
|
$ |
8,721 |
|
| Sales and marketing |
|
|
1,594 |
|
|
|
2,384 |
|
|
|
2,229 |
|
| General and administrative |
|
|
1,375 |
|
|
|
2,187 |
|
|
|
1,786 |
|
| Cost of revenues |
|
|
148 |
|
|
|
287 |
|
|
|
276 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Total stock-based compensation expense |
|
$ |
9,142 |
|
|
$ |
14,542 |
|
|
$ |
13,012 |
|
|