Wix.com(NASDAQ:WIX)

Wix.com Ltd., together with its subsidiaries, develops and markets cloud-based platform products and services in North America, Europe, Latin America, Asia, and internationally. The company offers Wix Editor, a drag-and-drop visual development and website editing environment platform; Wix ADI that e...
Website: http://www.wix.com
Founded: 2006
IPO Price: $16.5 (Nov 06, 2013)
Full Time Employees: 5,500 (Dec 2022)
CEO: Avishai Abrahami
Sector: Technology
Industry: Software-Infrastructure
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At a glance:
- AI-Powered Website Creation and Business Tools Remain Core Differentiators: Wix continues to position itself as an all-in-one platform for website building, e-commerce, and business management, with increasing emphasis on AI-assisted site creation and workflow automation to reduce time-to-launch and improve user outcomes.
- Shift Toward Higher-Value Subscriptions and Services: Growth is driven by encouraging users to upgrade into premium plans and attach additional products (e.g., payments, bookings, marketing, domains), increasing average revenue per user through bundling and upsell.
- Partner and Ecosystem Expansion Supports Distribution: Wix leverages agencies, freelancers, and app integrations to broaden reach and improve retention, positioning the platform as both a DIY tool and a professional-grade solution for small businesses.
- Profitability and Efficiency Focus Continues: Management has emphasized operating discipline—improving margins via cost control and more efficient marketing spend—while still investing in product innovation to sustain long-term growth.
Bull Thesis:
- Strong Product Innovation and AI Integration: Wix continues to invest heavily in product development, regularly releasing new features and tools. Their integration of AI capabilities (e.g., AI website builder, AI text/image generation) enhances user experience, simplifies website creation, and keeps the platform competitive against emerging technologies and rivals. This innovation drives user acquisition and retention.
- Expanding Addressable Market with Wix Studio: The launch of Wix Studio targets agencies, freelancers, and larger businesses, significantly expanding Wix's addressable market beyond individual SMBs. This move allows Wix to capture higher-value clients, potentially increasing average revenue per user (ARPU) and opening new growth avenues in the professional and enterprise segments.
- Improving Profitability and Free Cash Flow Trajectory: Wix has demonstrated a clear focus on efficiency and profitability, showing consistent improvements in its operating margins and a positive trend towards sustainable free cash flow generation. This financial discipline indicates a maturing business model capable of balancing growth with financial health, which is attractive to investors.
- Global SMB Digitalization Trend: The fundamental trend of small and medium-sized businesses (SMBs) needing an online presence remains robust globally. Wix is well-positioned to capitalize on this ongoing digitalization, especially in emerging markets, providing an accessible and comprehensive platform for businesses to establish and grow their digital footprint.
Bear Thesis:
- Intense Competition and Pricing Pressure: The website builder and e-commerce platform market is highly competitive, with strong players like Squarespace, Shopify, WordPress, and various no-code/low-code solutions. This intense competition can lead to pricing pressure, higher customer acquisition costs, and challenges in maintaining market share and growth rates.
- Macroeconomic Sensitivity of SMBs: Wix's primary customer base consists of SMBs, which are often more susceptible to economic downturns. A global economic slowdown, rising interest rates, or reduced consumer spending could lead to lower demand for new websites, increased churn among existing subscribers, or reduced spending on premium features, impacting Wix's revenue growth.
- Slower Growth and Path to Significant Profitability: While profitability is improving, Wix's revenue growth rate has decelerated from its peak. Achieving substantial and consistent net profitability and free cash flow generation at scale, especially given ongoing investments in R&D and marketing, might be a longer and more challenging path than anticipated by some investors.
- Customer Acquisition Costs (CAC) and Marketing Spend: In a crowded market, acquiring new customers and retaining existing ones can be expensive. Wix's continued need for significant marketing and sales expenditure to drive growth could put pressure on its margins, making it harder to achieve the desired level of profitability and free cash flow.
Main Competitors:
- Squarespace, Inc. ($SQSP) (Squarespace Website Builder), A direct competitor offering an all-in-one platform for website building, e-commerce, and marketing tools. Squarespace is known for its elegant, design-forward templates and appeals to creatives and small businesses seeking a polished online presence, often emphasizing aesthetic quality over sheer feature breadth.
- Automattic Inc. (WordPress.com), Offers a hosted version of the popular WordPress platform, providing an accessible way for users to create websites and blogs without managing hosting. It competes with Wix on ease of use for basic sites while offering greater extensibility and flexibility through plugins and themes for users who need more control.
- GoDaddy Inc. ($GDDY) (GoDaddy Website Builder), Leverages its massive domain registration and hosting customer base to offer an integrated website builder. GoDaddy competes by providing a simple, quick solution for small businesses and individuals, often bundled with other GoDaddy services like domains and email, appealing to users looking for an all-in-one provider.
- Shopify Inc. ($SHOP) (Shopify Platform), While primarily focused on e-commerce, Shopify directly competes with Wix's e-commerce capabilities (Wix Stores). It offers a comprehensive platform for online selling, inventory management, payment processing, and shipping, appealing to businesses whose primary goal is to sell products online and scale their e-commerce operations.
- Webflow, Inc. (Webflow), Targets a slightly more professional and designer-oriented audience. Webflow offers a powerful no-code/low-code platform that provides greater design freedom and control over responsive layouts and animations than Wix, bridging the gap between traditional website builders and custom coding.
Moat:
Wix operates in a highly competitive and fragmented market for website builders, primarily targeting small businesses, entrepreneurs, and individuals. Its main competitive moat lies in its user-friendly drag-and-drop interface, extensive template library, and all-in-one solution that bundles hosting, domain, and various business tools (e.g., e-commerce, booking, marketing). Competition is fierce, with rivals differentiating on factors like design aesthetic (Squarespace), extensibility (WordPress.com), integration with other services (GoDaddy), e-commerce specialization (Shopify), or advanced design control (Webflow). The ongoing challenge for Wix is to balance ease of use with powerful features, cater to diverse user needs, and maintain competitive pricing in a rapidly evolving digital landscape.
Income Statements:
Quarterly
Annual
| Unit: USD | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-11-20 | 2024-08-07 | 2024-05-20 | 2024-02-21 | 2023-12-31 | 2023-11-09 | 2023-08-03 | 2023-05-17 | 2022-12-31 | 2022-09-30 | 2022-08-10 | 2022-05-16 | 2022-02-16 | 2021-12-31 | 2021-11-12 | 2021-08-11 | 2021-05-12 | 2021-02-17 | 2020-12-31 | 2020-11-12 | 2020-08-10 | 2020-08-06 | 2020-05-14 | 2020-02-20 | 2019-12-31 | 2019-11-14 | 2019-07-24 | 2019-05-16 | 2019-02-20 | 2018-12-31 | 2018-11-13 | 2018-07-25 | 2018-05-09 | 2018-02-14 | 2017-12-31 | 2017-11-08 | 2017-07-27 | 2017-05-10 | 2017-02-15 | 2016-12-31 | 2016-11-10 | 2016-07-27 | 2016-05-04 | 2016-02-10 | 2015-12-31 | 2015-11-04 | 2015-08-05 | 2015-05-06 | 2015-02-11 | 2014-12-31 | 2014-11-05 | 2014-08-06 | 2014-05-13 | 2014-02-12 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
revenues | 143,991,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
creative subscriptions | 356,174,000 | 345,456,000 | 337,676,000 | 233,810,750 | 318,825,000 | 312,125,000 | 304,293,000 | 296,154,000 | 213,963,250 | 290,634,000 | 287,089,000 | 278,130,000 | 193,552,750 | 261,066,000 | 258,177,000 | 254,968,000 | 246,669,000 | 226,436,000 | 213,745,000 | 142,427,750 | 202,996,000 | 190,169,000 | 176,546,000 | 171,355,000 | ||||||||||||||||||||||||||||||||||
business solutions | 149,020,000 | 144,474,000 | 135,975,000 | 91,238,000 | 125,848,000 | 123,621,000 | 115,483,000 | 107,617,000 | 75,510,250 | 103,207,000 | 102,888,000 | 95,946,000 | 64,603,750 | 84,739,000 | 87,047,000 | 86,629,000 | 81,673,000 | 77,676,000 | 68,789,000 | 34,128,750 | 51,184,000 | 85,331,000 | 45,890,000 | 39,441,000 | 33,233,000 | |||||||||||||||||||||||||||||||||
cost of revenues | 29,535,000 | 380 | 34,969,027 | 428 | 247 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
gross profit | 345,266,000 | 336,590,000 | 321,859,000 | 219,799,000 | 302,645,000 | 294,072,000 | 282,479,000 | 277,658,000 | 192,869,750 | 264,798,000 | 262,083,000 | 244,598,000 | 158,790,750 | 217,948,000 | 210,367,000 | 206,848,000 | 199,543,000 | 188,280,000 | 179,227,000 | 123,458,500 | 174,340,000 | 319,494,000 | 165,577,000 | 153,917,000 | 147,353,000 | 147,353,000 | 143,496,000 | 138,757,000 | 134,575,000 | 129,708,000 | 129,708,000 | 122,623,000 | 114,456,000 | 108,731,000 | 100,869,000 | 100,869,000 | 92,204,000 | 85,497,000 | 77,675,000 | 71,438,000 | 71,438,000 | 64,587,000 | 57,712,000 | 51,079,000 | 47,224,000 | 47,224,000 | 44,420,000 | 40,191,000 | 36,713,000 | 33,999,000 | 33,999,000 | 30,594,000 | 27,533,000 | 23,607,000 | 20,297,000 | |||
yoy | 14.08% | 14.46% | 13.94% | -20.84% | 56.92% | 11.06% | 7.78% | 13.52% | 21.46% | 21.50% | 24.58% | 18.25% | -20.42% | 5.98% | -41.07% | 8.24% | -19.79% | 18.31% | 116.82% | 15.39% | 10.93% | 9.50% | 13.60% | 10.63% | 13.16% | 17.58% | 19.29% | 28.59% | 21.57% | 24.13% | 27.18% | 29.86% | 41.20% | 29.07% | 32.37% | 34.59% | 39.86% | 51.27% | 36.77% | 29.92% | 27.09% | 28.63% | 38.90% | 30.65% | 31.37% | 33.34% | 44.02% | 67.51% | ||||||||||
qoq | 2.58% | 4.58% | 46.43% | -27.37% | 2.92% | 4.10% | 1.74% | 43.96% | -27.16% | 1.04% | 7.15% | 54.04% | -27.14% | 3.60% | 1.70% | 3.66% | 5.05% | 45.17% | -29.19% | -45.43% | 92.96% | 7.58% | 4.45% | 0.00% | 2.69% | 3.42% | 3.11% | 3.75% | 0.00% | 5.78% | 7.14% | 5.27% | 7.79% | 0.00% | 9.40% | 7.84% | 10.07% | 8.73% | 0.00% | 10.61% | 11.91% | 12.99% | 8.16% | 0.00% | 6.31% | 10.52% | 9.47% | 7.98% | 0.00% | 11.13% | 11.12% | 16.63% | 16.31% | |||||
gross margin % | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | 0% | 0% | 0% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | 105.91% | 72.92% | 74.83% | 77.21% | 79.00% | 118.05% | 78.81% | Infinity% | 78.92% | 85.09% | 131.39% | 83.04% | 82.59% | 83.94% | 84.87% | 138.76% | 85.42% | 83.97% | 82.94% | 83.10% | 128.77% | 82.90% | 82.73% | 82.46% | 81.81% | 135.61% | 81.58% | 81.14% | 81.84% | 81.37% |
operating expenses: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
research and development | 172,025,000 | 134,735,000 | 127,497,000 | -241,633,000 | 124,593,000 | 119,257,000 | 124,245,000 | 125,743,000 | -236,068,000 | 125,117,000 | 115,490,000 | 114,943,000 | -361,746,419 | 120,384,000 | 121,618,000 | 119,865,000 | 116,329,000 | 95,086,000 | -153,771,000 | 84,473,000 | 146,180,000 | 75,464,000 | 70,716,000 | 66,634,000 | 66,634,000 | 64,488,000 | 61,486,000 | 58,183,000 | 54,558,000 | 54,558,000 | 49,360,000 | 48,492,000 | 46,502,000 | 43,965,000 | 43,965,000 | 40,252,000 | 36,749,000 | 32,669,000 | 28,877,000 | 28,877,000 | 26,536,000 | 25,483,000 | 24,472,000 | 21,901,000 | 21,901,000 | 20,065,000 | 18,233,000 | 17,448,000 | 16,564,000 | 16,564,000 | 15,573,000 | 13,729,000 | 11,966,000 | 10,444,000 | ||||
selling and marketing | 137,428,000 | 113,155,000 | 111,563,000 | -280,073,000 | 109,096,000 | 102,498,000 | 107,234,000 | 103,642,000 | -254,658,000 | 100,765,000 | 96,037,000 | 99,133,000 | -394,903,286 | 117,448,000 | 120,780,000 | 156,714,000 | 124,560,000 | 144,455,000 | 109,629,000 | 82,145,250 | 113,092,000 | 215,489,000 | 119,333,000 | 96,156,000 | 74,809,000 | 74,809,000 | 75,862,000 | 71,329,000 | 85,718,000 | 61,065,000 | 61,065,000 | 62,247,000 | 67,011,000 | 50,906,000 | 50,906,000 | 51,184,000 | 48,016,000 | 54,329,000 | 40,022,000 | 40,022,000 | 40,010,000 | 36,026,000 | 40,454,000 | 30,330,000 | 30,330,000 | 29,437,000 | 28,237,000 | 32,006,000 | 27,068,000 | 27,068,000 | 24,788,000 | 23,708,000 | 22,178,000 | 16,542,000 | ||||
general and administrative | 43,184,000 | 44,394,000 | 45,394,000 | -66,794,000 | 43,110,000 | 43,712,000 | 41,330,000 | 43,401,000 | -67,779,000 | 40,865,000 | 37,250,000 | 38,517,000 | -131,044,269 | 42,427,000 | 42,991,000 | 45,686,000 | 56,926,000 | 34,394,000 | 35,433,000 | -38,024,000 | 26,515,000 | 49,967,000 | 24,531,000 | 25,436,000 | 23,602,000 | 23,602,000 | 23,751,000 | 20,103,000 | 18,466,000 | 16,258,000 | 16,258,000 | 14,514,000 | 14,855,000 | 13,670,000 | 13,521,000 | 13,521,000 | 12,222,000 | 11,295,000 | 11,148,000 | 7,281,000 | 7,281,000 | 7,073,000 | 6,693,000 | 5,921,000 | 5,156,000 | 5,156,000 | 5,288,000 | 4,495,000 | 4,587,000 | 4,221,000 | 4,221,000 | 4,011,000 | 3,611,000 | 3,960,000 | 3,149,000 | |||
total operating expenses | 352,637,000 | 292,284,000 | 284,454,000 | 203,768,750 | 276,799,000 | 265,467,000 | 272,809,000 | 275,889,000 | 199,407,000 | 270,590,000 | 249,107,000 | 277,931,000 | 221,978,250 | 280,259,000 | 285,389,000 | 322,265,000 | 297,815,000 | 273,935,000 | 234,687,000 | 158,929,000 | 224,080,000 | 411,636,000 | 219,328,000 | 192,308,000 | 165,045,000 | 165,045,000 | 164,101,000 | 152,918,000 | 162,367,000 | 131,881,000 | 131,881,000 | 126,121,000 | 122,202,000 | 127,183,000 | 108,392,000 | 108,392,000 | 103,658,000 | 96,060,000 | 98,146,000 | 76,180,000 | 76,180,000 | 73,619,000 | 68,202,000 | 70,847,000 | 57,387,000 | 57,387,000 | 54,790,000 | 50,965,000 | 54,041,000 | 47,853,000 | 47,853,000 | 44,372,000 | 41,048,000 | 38,104,000 | 30,135,000 | |||
operating income | -7,371,000 | 44,306,000 | 37,405,000 | 16,030,250 | 25,846,000 | 28,605,000 | 9,670,000 | 1,769,000 | -6,537,250 | -5,792,000 | 12,976,000 | -33,333,000 | -63,187,500 | -62,311,000 | -75,022,000 | -115,417,000 | -98,272,000 | -85,655,000 | -55,460,000 | -35,470,500 | -49,740,000 | -92,142,000 | -53,751,000 | -38,391,000 | -17,692,000 | -17,692,000 | -20,605,000 | -14,161,000 | -27,792,000 | -2,173,000 | -2,173,000 | -3,498,000 | -7,746,000 | -18,452,000 | -7,523,000 | -7,523,000 | -11,454,000 | -10,563,000 | -20,471,000 | -4,742,000 | -4,742,000 | -9,032,000 | -10,490,000 | -19,768,000 | -10,163,000 | -10,163,000 | -10,370,000 | -10,774,000 | -17,328,000 | -13,854,000 | -13,854,000 | -13,778,000 | -13,515,000 | -14,497,000 | -9,838,000 | |||
yoy | -128.52% | 54.89% | 286.81% | 806.18% | -495.37% | -593.87% | -25.48% | -105.31% | -89.65% | -90.70% | -117.30% | -71.12% | -35.70% | 14.73% | -7.04% | 3.18% | -7.61% | 181.14% | 420.81% | 160.86% | 171.10% | -36.34% | 714.17% | 848.23% | 304.83% | 258.79% | -88.22% | -71.12% | -53.50% | -32.37% | 74.69% | -63.25% | 58.65% | 141.54% | 16.95% | 95.15% | -76.01% | -53.34% | -11.13% | 1.16% | 83.48% | -41.35% | -26.64% | -25.15% | -21.80% | 28.21% | -4.44% | 40.82% | ||||||||||
qoq | -116.64% | 18.45% | 133.34% | -37.98% | -9.65% | 195.81% | 446.64% | -127.06% | 12.87% | -144.64% | -138.93% | -47.25% | 1.41% | -16.94% | -35.00% | 17.45% | 54.44% | 56.36% | -28.69% | -46.02% | 71.42% | 40.01% | 117.00% | 0.00% | -14.14% | 45.51% | -49.05% | 1178.97% | 0.00% | -37.88% | -54.84% | -58.02% | 145.27% | 0.00% | -34.32% | 8.44% | -48.40% | 331.70% | 0.00% | -47.50% | -13.90% | -46.93% | 94.51% | 0.00% | -2.00% | -3.75% | -37.82% | 25.08% | 0.00% | 0.55% | 1.95% | -6.77% | 47.36% | |||||
operating margin % | -Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | -Infinity% | -Infinity% | Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | 0% | 0% | 0% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -12.72% | -10.47% | -7.64% | -15.95% | -1.32% | -1.98% | -2.25% | -Infinity% | -13.39% | -6.35% | -9.80% | -10.32% | -10.20% | -22.12% | -5.63% | -9.21% | -11.95% | -15.26% | -32.10% | -17.88% | -27.71% | -19.35% | -22.18% | -38.92% | -33.34% | -55.26% | -36.74% | -39.83% | -50.25% | -39.44% |
financial income (expenses) | 14,926,000 | -38,377,000 | 6,461,000 | 14,003,250 | 14,583,000 | 20,053,000 | 21,377,000 | -42,564,250 | 21,142,000 | -46,926,000 | -144,473,000 | -16,868,000 | -28,013,000 | 1,532,000 | -1,142,000 | -451,000 | -450,000 | 297,000 | -105,000 | 505,000 | -364,000 | -364,000 | -656,000 | -760,000 | 1,857,000 | 538,000 | 538,000 | 1,463,000 | 59,000 | |||||||||||||||||||||||||||||
other income (expenses) | 4,136,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income before taxes on income | 11,691,000 | 6,052,000 | 43,301,000 | 24,911,000 | 29,853,000 | 41,026,000 | 28,765,000 | 8,274,000 | 7,391,250 | 8,317,000 | 33,147,000 | -105,693,000 | -41,038,000 | -121,890,000 | -259,844,000 | -114,749,000 | -6,151,000 | -13,457,000 | ||||||||||||||||||||||||||||||||||||||||
income tax expenses | 12,280,000 | -51,651,000 | 9,535,000 | 2,336,500 | 3,075,000 | 1,508,000 | 4,763,000 | 5,320,000 | -154,500 | 1,342,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
net income | -589,000 | 57,703,000 | 33,766,000 | 22,574,500 | 26,778,000 | 39,518,000 | 24,002,000 | 2,954,000 | 7,545,750 | 6,975,000 | 33,577,000 | -10,369,000 | -96,472,000 | -47,361,000 | -111,238,000 | -227,289,000 | -111,019,000 | -121,752,000 | -62,789,000 | -38,432,750 | -56,842,000 | -96,889,000 | -57,736,000 | -39,153,000 | -21,573,000 | -21,573,000 | -17,367,000 | -16,734,000 | -30,740,000 | -5,753,000 | -5,753,000 | -5,916,000 | -6,879,000 | -19,811,000 | -6,605,000 | -6,605,000 | -14,519,000 | -14,264,000 | -20,885,000 | -6,182,000 | -5,921,000 | -9,643,000 | -11,420,000 | -19,912,000 | -11,305,000 | -11,305,000 | -11,724,000 | -12,279,000 | -16,026,000 | -15,076,000 | -15,076,000 | -12,772,000 | -13,801,000 | -14,917,000 | -10,918,000 | |||
yoy | -102.20% | 46.02% | 40.68% | 664.20% | 254.88% | 466.57% | -28.52% | -128.49% | -107.82% | -114.73% | -130.18% | -95.44% | -13.10% | -8.82% | 25.66% | 8.75% | -1.84% | 163.49% | 349.12% | 232.45% | 133.97% | -29.82% | 274.99% | 201.88% | 182.86% | 346.87% | -70.96% | -12.90% | -10.43% | -52.62% | 38.89% | -68.37% | 6.84% | 145.21% | 47.92% | 82.88% | -68.95% | -47.62% | -14.70% | -2.59% | 62.16% | -29.46% | -25.01% | -22.23% | -3.86% | 16.12% | 1.07% | 38.08% | ||||||||||
qoq | -101.02% | 70.89% | 49.58% | -15.70% | -32.24% | 64.64% | 712.53% | -60.85% | 8.18% | -79.23% | -423.82% | -89.25% | 103.70% | -57.42% | -51.06% | 104.73% | 93.91% | 63.37% | -32.39% | -41.33% | 67.81% | 47.46% | 81.49% | 0.00% | 24.22% | 3.78% | -45.56% | 434.33% | 0.00% | -2.76% | -14.00% | -65.28% | 199.94% | 0.00% | -54.51% | 1.79% | -31.70% | 237.84% | 4.41% | -38.60% | -15.56% | -42.65% | 76.13% | 0.00% | -3.57% | -4.52% | -23.38% | 6.30% | 0.00% | 18.04% | -7.46% | -7.48% | 36.63% | |||||
net income margin % | -Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | 0% | 0% | 0% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -15.51% | -8.83% | -9.02% | -17.64% | -3.50% | -5.24% | -3.80% | -Infinity% | -14.38% | -5.57% | -8.60% | -13.08% | -13.78% | -22.57% | -7.34% | -11.50% | -12.75% | -16.62% | -32.33% | -19.89% | -30.83% | -21.88% | -25.28% | -35.99% | -36.28% | -60.13% | -34.06% | -40.67% | -51.71% | -43.77% |
basic net income per share | -0.01 | 1.03 | 0.61 | 0.408 | 0.49 | 0.71 | 0.43 | 0.05 | 0.133 | 0.12 | 0.59 | -1.665 | -0.81 | -1.92 | ||||||||||||||||||||||||||||||||||||||||||||
basic weighted-average shares used to compute net income per share | 55,651,271 | 55,905,451 | 55,708,670 | 55,099,939 | 55,361,595 | 56,098,997 | 57,317,815 | 56,837,917 | 56,744,007 | 58,355,542 | 57,943,140 | |||||||||||||||||||||||||||||||||||||||||||||||
diluted net income per share | -0.01 | 0.98 | 0.57 | 0.388 | 0.46 | 0.68 | 0.41 | 0.05 | 0.13 | 0.12 | 0.56 | -1.665 | -0.81 | -1.92 | ||||||||||||||||||||||||||||||||||||||||||||
diluted weighted-average shares used to compute net income per share | 55,651,271 | 59,650,008 | 60,384,510 | 58,166,801 | 59,526,418 | 58,647,238 | 59,085,757 | 58,497,072 | 62,186,895 | 58,355,542 | 57,943,140 | |||||||||||||||||||||||||||||||||||||||||||||||
other income | 123,000 | 64,000 | 14,500 | -191,000 | 38,000 | 211,000 | 44,000 | -74,750 | -474,000 | 118,000 | 57,000 | 58,750 | 131,000 | 58,000 | 46,000 | 391,000 | 65,000 | 34,000 | 21,000 | 25,000 | 59,000 | 28,000 | 31,000 | -94,000 | -94,000 | 117,000 | 8,000 | 24,000 | -590,000 | -590,000 | 17,000 | 21,000 | 79,000 | 79,000 | -4,000 | 1,000 | -5,000 | 250 | 1,000 | -6,000 | -1,250 | -4,000 | -2,000 | 1,000 | -9,000 | 2,000 | ||||||||||||
financial income | 5,832,000 | 8,866,250 | 4,198,000 | 12,383,000 | 18,884,000 | -968,250 | -1,978,000 | -2,043,000 | 148,000 | 84,000 | -502,000 | |||||||||||||||||||||||||||||||||||||||||||||||
impairment, restructuring and other costs | 3,103,000 | 7,377,750 | 3,843,000 | 330,000 | 25,338,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
income tax benefit | -430,000 | -1,530,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss before taxes on income | -11,899,000 | -113,603,000 | -65,584,000 | -37,822,500 | -57,013,000 | -94,277,000 | -57,062,000 | -37,215,000 | -20,339,000 | -15,869,250 | -19,246,000 | -14,733,000 | -29,498,000 | -4,451,000 | -7,365,500 | -5,990,000 | -18,560,000 | -8,586,000 | -11,591,000 | -13,436,000 | -12,605,000 | -20,323,000 | -5,198,000 | -9,648,000 | -8,735,000 | -10,594,000 | -19,263,000 | -10,533,000 | -10,533,000 | -11,030,000 | -11,536,000 | -15,470,000 | -13,325,000 | -10,047,250 | -12,316,000 | -14,416,000 | -10,338,000 | |||||||||||||||||||||
basic and diluted net loss per share | -0.18 | -3.95 | -1.94 | -2.16 | -1.13 | -0.713 | -1.03 | -1.06 | -0.76 | -0.42 | -0.323 | -0.34 | -0.33 | -0.62 | -0.12 | -0.165 | -0.12 | -0.42 | -0.14 | -0.275 | -0.32 | -0.31 | -0.47 | -0.14 | -0.248 | -0.23 | -0.28 | -0.49 | -0.28 | -0.255 | -0.3 | -0.31 | -0.41 | -0.39 | -0.275 | -0.34 | -0.4 | -0.45 | ||||||||||||||||||||
basic and diluted weighted-average shares used to compute net loss per share | 56,408,677 | 57,479,429 | 57,103,278 | 56,280,561 | 55,809,471 | 55,356,961 | 53,266,895 | 54,695,477 | 51,838,314 | 51,321,155 | 50,862,253 | 50,273,017 | 49,562,367 | 49,053,599 | 48,498,392 | 46,827,425 | 46,267,701 | 45,843,390 | 45,390,479 | 44,695,951 | 43,907,388 | 42,678,140 | 41,166,589 | 40,378,899 | 40,116,511 | 39,729,159 | 39,155,148 | 38,634,897 | 38,237,739 | 37,984,341 | 37,508,624 | 25,240,388 | ||||||||||||||||||||||||||
taxes on income | -9,221,000 | 6,323,000 | -10,652,000 | -32,555,000 | -3,730,000 | 8,149,000 | -2,795,000 | 610,250 | -171,000 | -2,612,000 | 674,000 | 1,938,000 | 1,234,000 | 1,234,000 | -1,879,000 | 2,001,000 | 1,242,000 | 1,302,000 | 1,302,000 | -74,000 | 728,000 | 1,251,000 | -1,981,000 | -1,981,000 | 1,083,000 | 1,659,000 | 562,000 | 984,000 | 724,000 | 908,000 | 826,000 | 649,000 | 772,000 | 772,000 | 694,000 | 743,000 | 556,000 | 1,751,000 | 1,751,000 | 456,000 | 344,000 | 501,000 | 580,000 | |||||||||||||||
revenue | 316.25 | 1,265 | 1,255 | 139,125,000 | 196,791,000 | 185,419,000 | 174,290,000 | 164,197,000 | 109,876,750 | 155,600,000 | 137,775,000 | 118,545,000 | 76,772,750 | 111,031,000 | 103,522,000 | 92,538,000 | 84,176,000 | 51,481,750 | 75,611,000 | 68,730,000 | 61,586,000 | 56,831,000 | 36,671,750 | 53,582,000 | 48,581,000 | 44,524,000 | 41,559,000 | 25,070,500 | 37,504,000 | 33,931,000 | 28,847,000 | 24,943,000 | ||||||||||||||||||||||||||
yoy | -15.27% | 79.10% | 19.16% | 19.18% | -7.31% | 102.68% | 33.09% | 28.10% | -8.79% | 115.67% | 36.91% | 34.64% | 36.68% | -9.41% | 106.18% | 28.27% | 26.77% | 27.64% | -11.76% | 113.73% | 29.54% | 31.22% | 44.07% | 0.51% | ||||||||||||||||||||||||||||||||||
qoq | -75.00% | 0.80% | -29.30% | 6.13% | 6.39% | 6.15% | 49.44% | -29.39% | 16.22% | 54.41% | -30.85% | 7.25% | 11.87% | 9.93% | 63.51% | -31.91% | 10.01% | 11.60% | 8.37% | 54.97% | -31.56% | 10.29% | 9.11% | 7.13% | 65.77% | -33.15% | 10.53% | 17.62% | 15.65% | |||||||||||||||||||||||||||||
cost of revenue | 34,918,000 | 53,295,000 | 46,662,000 | 39,715,000 | 34,489,000 | 23,114,500 | 32,977,000 | 29,044,000 | 17,676,000 | 12,928,750 | 18,827,000 | 18,025,000 | 14,863,000 | 12,738,000 | 8,137,250 | 11,024,000 | 11,018,000 | 10,507,000 | 9,607,000 | 6,340,750 | 9,162,000 | 8,390,000 | 7,811,000 | 7,560,000 | 4,637,000 | 6,910,000 | 6,398,000 | 5,240,000 | 4,646,000 | |||||||||||||||||||||||||||||
collections | 353.75 | 1,415 | 1,400 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
free cash flow | 11.25 | 45 | 60 | 23,857,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
research and development,net | 89,625,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
financial expenses | -10,158,000 | -2,373,000 | -7,298,000 | -2,194,000 | -3,339,000 | 1,145,000 | -2,553,000 | -267,000 | 1,242,000 | -580,000 | -1,730,000 | -1,688,000 | -276,500 | -2,509,000 | ||||||||||||||||||||||||||||||||||||||||||||
creative subscription | 366,715,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other comprehensive loss: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unrealized gains from marketable securities | 3,696,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unrealized gains on cash flow hedge | 5,944,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other comprehensive income for the period | 9,640,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total comprehensive loss | -87,249,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic and diluted net loss per ordinary share | -1,820 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash from operating activities | 27,268,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
capital expenditures | -3,411,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
projected revenues | 153,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
projected change in deferred revenues | 9,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
projected collections | 162,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(*) guidance under asc 606 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic and diluted weighted-average number of shares outstanding | 47,689,337,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
the following items have been excluded from the diluted weighted-average number of shares outstanding because they are anti-dilutive: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
stock options | 8,040,188,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
restricted share units | 2,117,774,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proforma weighted avg number of shares outstanding , net of cashless net exercise of options | 56,390,273,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
y/y% | 39,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
marketing | 58,855,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other incomes | 63,000 | -1,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic and diluted net income per share | -0.14 | -0.37 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic and diluted weighted-average shares used to compute net income per share | 47,689,337 | 37,657,668 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to non gaap | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total adjustments | 19,446 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non gaap operating income | 11,700 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-gaap net income/ | 12,567 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic non gaap net income/(loss) per share | 0.26 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
financial income | -129,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
share based compensation expenses: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total share based compensation expenses | 5,576 | 3,289.25 | 5,322 | 3,883 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization | 170 | 116.5 | 155 | 119 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
withdrawn secondary offering expenses | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition related expenses | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total adjustments of gaap to non gaap | 5,908 | 3,518 | 5,636 | 5,472 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
other expenses | -1,250 | -1,000 | -3,000 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2022-12-31 | 2022-09-30 | 2022-08-10 | 2022-06-30 | 2022-05-16 | 2022-03-31 | 2022-02-16 | 2021-12-31 | 2021-11-12 | 2021-09-30 | 2021-08-11 | 2021-05-12 | 2021-02-17 | 2020-12-31 | 2020-11-12 | 2020-08-10 | 2020-08-06 | 2020-06-30 | 2020-05-14 | 2020-03-31 | 2020-02-20 | 2019-12-31 | 2019-11-14 | 2019-07-24 | 2019-06-30 | 2019-05-16 | 2019-03-31 | 2019-02-20 | 2018-12-31 | 2018-11-13 | 2018-09-30 | 2018-05-09 | 2018-02-14 | 2017-12-31 | 2017-11-08 | 2017-09-30 | 2017-07-27 | 2017-06-30 | 2016-02-10 | 2015-12-31 | 2015-11-04 | 2015-09-30 | 2015-08-05 | 2015-05-06 | 2015-03-31 | 2015-02-11 | 2014-12-31 | 2014-11-05 | 2014-08-06 | 2014-06-30 | 2014-05-13 | 2014-03-31 | 2014-02-12 | 2013-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
current assets: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents | 244,686,000 | 299,940,000 | 241,886,000 | 241,886,000 | 386,609,000 | 386,609,000 | 451,355,000 | 451,355,000 | 287,167,000 | 287,167,000 | 362,253,000 | 415,843,000 | 168,858,000 | 168,858,000 | 158,456,000 | 173,950,000 | 173,950,000 | 173,950 | 191,258,000 | 191,258,000 | 268,103,000 | 268,103,000 | 283,158,000 | 351,462,000 | 351,462,000 | 348,088,000 | 348,088,000 | 331,057,000 | 331,057,000 | 319,966,000 | 319,966,000 | 103,487,000 | 85,230,000 | 85,230,000 | 123,903,000 | 123,903,000 | 124,132,000 | 124,132,000,000 | 39,226,000 | 39,226,000 | 40,409,000 | 40,409,000,000 | 43,884,000 | 49,371,000 | 49,371,000 | 40,200,000 | 40,200,000 | 44,598,000 | 68,392,000 | 68,392,000 | 81,493,000 | 81,493,000 | 101,258,000 | 101,258,000 |
short-term deposits | 526,328,000 | 516,770,000 | 568,840,000 | 568,840,000 | 456,644,000 | 456,644,000 | 411,687,000 | 577,138,000 | 406,033,000 | 294,096,000 | 349,619,000 | 115,382,000 | 70,773,000 | 45,811,000 | ||||||||||||||||||||||||||||||||||||||||
restricted deposits | 13,669,000 | 13,644,000 | 7,012,000 | 925,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
marketable securities | 292,449,000 | 400,084,000 | 353,350,000 | 353,350,000 | 356,380,000 | 356,380,000 | 456,515,000 | 456,515,000 | 417,136,000 | 417,136,000 | 351,624,000 | 269,260,000 | 289,927,000 | 289,927,000 | 299,743,000 | 174,624,000 | 174,624,000 | 174,624 | 168,642,000 | 168,642,000 | 164,301,000 | 164,301,000 | 187,451,000 | 104,863,000 | 104,863,000 | 49,863,000 | 49,863,000 | 22,992,000 | 22,992,000 | 69,237,000 | 69,237,000 | 32,985,000 | 32,730,000 | |||||||||||||||||||||
trade receivables | 42,086,000 | 35,796,000 | 40,800,000 | 40,800,000 | 42,016,000 | 42,016,000 | 30,367,000 | 30,367,000 | 27,988,000 | 27,988,000 | 29,418,000 | 29,915,000 | 23,670,000 | 23,670,000 | 23,159,000 | 18,830,000 | 18,830,000 | 18,830 | 17,065,000 | 17,065,000 | 16,987,000 | 16,987,000 | 16,201,000 | 18,230,000 | 18,230,000 | 18,391,000 | 18,391,000 | 13,528,000 | 13,528,000 | 14,405,000 | 14,405,000 | 11,212,000 | 11,400,000 | 11,400,000 | 11,538,000 | 11,538,000 | 8,704,000 | 8,704,000,000 | 6,461,000 | 6,461,000 | 6,857,000 | 6,857,000,000 | 4,498,000 | 3,125,000 | 3,125,000 | 1,050,000 | 1,050,000 | 1,040,000 | 525,000 | 525,000 | 202,000 | 202,000 | 736,000 | 736,000 |
prepaid expenses and other current assets | 28,519,000 | 40,769,000 | 34,059,000 | 34,059,000 | 55,264,000 | 55,264,000 | 32,877,000 | 32,877,000 | 36,373,000 | 36,373,000 | 37,294,000 | 75,853,000 | 40,666,000 | 40,666,000 | 57,481,000 | 49,888,000 | 49,888,000 | 49,888 | 40,560,000 | 40,560,000 | 20,859,000 | 19,211,000 | 27,229,000 | 25,774,000 | 25,774,000 | 19,530,000 | 19,530,000 | 11,939,000 | 11,939,000 | 18,304,000 | 18,304,000 | 17,595,000 | 19,246,000 | 19,246,000 | 21,939,000 | 21,939,000 | 24,414,000 | 24,414,000,000 | 11,989,000 | 11,989,000 | 11,647,000 | 11,647,000,000 | 14,335,000 | 12,283,000 | 12,283,000 | 10,155,000 | 10,155,000 | 8,510,000 | 6,678,000 | 6,678,000 | 5,389,000 | 5,389,000 | 4,730,000 | 4,730,000 |
total current assets | 1,147,737,000 | 1,307,003,000 | 1,248,672,000 | 1,248,672,000 | 1,303,923,000 | 1,303,923,000 | 1,389,813,000 | 1,389,813,000 | 1,316,948,000 | 1,316,948,000 | 1,352,816,000 | 1,231,506,000 | 1,101,184,000 | 1,101,184,000 | 1,080,043,000 | 824,250,000 | 824,250,000 | 824,250 | 784,723,000 | 784,723,000 | 765,495,000 | 763,847,000 | 819,301,000 | 794,728,000 | 794,728,000 | 785,376,000 | 785,376,000 | 730,284,000 | 730,284,000 | 749,286,000 | 749,286,000 | 294,967,000 | 264,937,000 | 264,937,000 | 243,129,000 | 243,129,000 | 219,398,000 | 219,398,000,000 | 132,300,000 | 132,300,000 | 122,859,000 | 122,859,000,000 | 115,760,000 | 106,111,000 | 106,111,000 | 103,125,000 | 103,125,000 | 106,551,000 | 107,100,000 | 107,100,000 | 108,634,000 | 108,634,000 | 110,030,000 | 110,030,000 |
long-term assets: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
prepaid expenses and other long-term assets | 23,027,000 | 33,476,000 | 23,320,000 | 23,320,000 | 44,045,000 | 44,045,000 | 41,554,000 | 41,554,000 | 23,922,000 | 23,922,000 | 19,585,000 | 118,898,000 | 20,971,000 | 87,680,000 | 13,290,000 | 13,243,000 | 13,243,000 | 13,243 | 13,148,000 | 13,148,000 | 8,278,000 | 9,926,000 | 4,093,000 | 2,623,000 | 2,623,000 | 3,021,000 | 3,021,000 | 3,065,000 | 3,065,000 | 1,724,000 | 1,724,000 | 1,127,000 | 5,753,000 | 3,823,000 | 3,012,000 | 3,012,000 | 3,088,000 | 3,088,000,000 | 2,200,000 | 2,200,000 | 2,077,000 | 2,077,000,000 | 1,946,000 | 1,852,000 | 1,852,000 | 1,882,000 | 1,882,000 | 1,655,000 | 1,436,000 | 1,436,000 | 1,238,000 | 1,238,000 | 1,094,000 | 1,094,000 |
property and equipment | 108,738,000 | 72,637,000 | 64,955,000 | 64,955,000 | 57,081,000 | 57,081,000 | 50,437,000 | 50,437,000 | 53,414,000 | 53,414,000 | 42,522,000 | 37,281,000 | 35,863,000 | 35,863,000 | 35,028,000 | 32,926,000 | 32,926,000 | 32,926 | 32,951,000 | 32,951,000 | 31,706,000 | 31,706,000 | 30,634,000 | 27,079,000 | 27,079,000 | 23,707,000 | 23,707,000 | 21,947,000 | 21,947,000 | 20,638,000 | 20,638,000 | 18,163,000 | 16,201,000 | 16,201,000 | 12,612,000 | 12,612,000 | 10,566,000 | 10,566,000,000 | 8,734,000 | 8,734,000 | 8,924,000 | 8,924,000,000 | 9,004,000 | 8,540,000 | 8,540,000 | 7,205,000 | 7,205,000 | 7,179,000 | 6,206,000 | 6,206,000 | 5,131,000 | 5,131,000 | 4,231,000 | 4,231,000 |
intangible assets | 33,964,000 | 40,247,000 | 19,281,000 | 18,710,000 | 19,841,000 | 24,429,000 | 27,252,000 | 4,463,000 | 4,474,000 | |||||||||||||||||||||||||||||||||||||||||||||
goodwill | 49,329,000 | 49,300,000 | 24,235,000 | 25,799,000 | 17,800,000 | 17,800,000 | 17,800,000 | 1,736,000 | 1,736,000 | |||||||||||||||||||||||||||||||||||||||||||||
operating lease right-of-use assets | 200,608,000 | 235,794,000 | 243,526,000 | 243,526,000 | 108,929,000 | 108,929,000 | 101,095,000 | 101,095,000 | 100,728,000 | 100,728,000 | 84,813,000 | 84,904,000 | 88,406,000 | 81,112,000 | 79,249,000 | |||||||||||||||||||||||||||||||||||||||
total long-term assets | 610,630,000 | 662,708,000 | 709,757,000 | 709,757,000 | 631,872,000 | 631,872,000 | 669,974,000 | 669,974,000 | 738,187,000 | 738,187,000 | 763,988,000 | 753,703,000 | 725,633,000 | 792,342,000 | 715,082,000 | 417,001,000 | 417,001,000 | 417,001 | 380,093,000 | 380,093,000 | 334,172,000 | 335,820,000 | 216,838,000 | 202,346,000 | 202,346,000 | 167,957,000 | 167,957,000 | 114,466,000 | 114,466,000 | 65,323,000 | 65,323,000 | 63,715,000 | 67,006,000 | 65,076,000 | 64,047,000 | 64,047,000 | 63,367,000 | 63,367,000,000 | 17,133,000 | 17,133,000 | 16,745,000 | 16,745,000,000 | 16,849,000 | 16,447,000 | 16,447,000 | 15,297,000 | 15,297,000 | 10,095,000 | 8,917,000 | 8,917,000 | 7,664,000 | 7,664,000 | 5,325,000 | 5,325,000 |
total assets | 1,758,367,000 | 1,969,711,000 | 1,958,429,000 | 1,958,429,000 | 1,935,795,000 | 1,935,795,000 | 2,059,787,000 | 2,059,787,000 | 2,055,135,000 | 2,055,135,000 | 2,116,804,000 | 1,985,209,000 | 1,826,817,000 | 1,893,526,000 | 1,795,125,000 | 1,241,251,000 | 1,241,251,000 | 1,241,251 | 1,164,816,000 | 1,164,816,000 | 1,099,667,000 | 1,099,667,000 | 1,036,139,000 | 997,074,000 | 997,074,000 | 953,333,000 | 953,333,000 | 844,750,000 | 844,750,000 | 814,609,000 | 814,609,000 | 358,682,000 | 331,943,000 | 330,013,000 | 307,176,000 | 307,176,000 | 282,765,000 | 282,765,000,000 | 149,433,000 | 149,433,000 | 139,604,000 | 139,604,000,000 | 132,609,000 | 122,558,000 | 122,558,000 | 118,422,000 | 118,422,000 | 116,646,000 | 116,017,000 | 116,017,000 | 116,298,000 | 116,298,000 | 115,355,000 | 115,355,000 |
liabilities and shareholders' equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
current liabilities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
trade payables | 96,071,000 | 118,788,000 | 127,113,000 | 127,113,000 | 134,754,000 | 134,754,000 | 114,584,000 | 114,584,000 | 89,330,000 | 89,330,000 | 81,334,000 | 77,781,000 | 79,881,000 | 79,881,000 | 70,346,000 | 73,059,000 | 73,059,000 | 73,059 | 46,639,000 | 46,639,000 | 37,687,000 | 37,687,000 | 48,214,000 | 46,074,000 | 46,074,000 | 49,465,000 | 49,465,000 | 45,567,000 | 45,567,000 | 39,864,000 | 39,864,000 | 34,297,000 | 34,240,000 | 34,240,000 | 41,622,000 | 41,622,000 | 28,933,000 | 28,933,000,000 | 12,280,000 | 12,280,000 | 12,591,000 | 12,591,000,000 | 10,212,000 | 10,913,000 | 10,913,000 | 4,611,000 | 4,611,000 | 5,567,000 | 4,943,000 | 4,943,000 | 4,672,000 | 4,672,000 | 4,091,000 | 4,091,000 |
employees and payroll accruals | 86,113,000 | 68,145,000 | 78,169,000 | 78,169,000 | 78,503,000 | 78,503,000 | 83,251,000 | 83,251,000 | 76,379,000 | 76,379,000 | 86,721,000 | 103,692,000 | 70,814,000 | 70,814,000 | 74,642,000 | 66,306,000 | 66,306,000 | 66,306 | 48,408,000 | 48,408,000 | 41,938,000 | 41,938,000 | 40,725,000 | 45,452,000 | 45,452,000 | 36,145,000 | 36,145,000 | 32,036,000 | 32,036,000 | 31,101,000 | 31,101,000 | 33,188,000 | 28,067,000 | 28,067,000 | 22,987,000 | 22,987,000 | 25,938,000 | 25,938,000,000 | 15,210,000 | 15,210,000 | 12,635,000 | 12,635,000,000 | 15,102,000 | 10,348,000 | 10,348,000 | 13,645,000 | 13,645,000 | 11,218,000 | 9,270,000 | 9,270,000 | 7,200,000 | 7,200,000 | 5,881,000 | 5,881,000 |
deferred revenues | 529,205,000 | 526,764,000 | 522,570,000 | 522,570,000 | 517,550,000 | 517,550,000 | 484,446,000 | 484,446,000 | 436,306,000 | 436,306,000 | 432,606,000 | 412,368,000 | 373,521,000 | 373,521,000 | 359,761,000 | 344,515,000 | 344,515,000 | 344,515 | 319,531,000 | 319,531,000 | 289,148,000 | 289,148,000 | 269,379,000 | 262,259,000 | 262,259,000 | 250,495,000 | 250,495,000 | 227,226,000 | 227,226,000 | 219,555,000 | 219,555,000 | 201,498,000 | 202,482,000 | 202,482,000 | 190,082,000 | 190,082,000 | 182,220,000 | 182,220,000,000 | 100,561,000 | 100,561,000 | 90,736,000 | 90,736,000,000 | 83,064,000 | 74,605,000 | 74,605,000 | 64,058,000 | 64,058,000 | 56,561,000 | 49,803,000 | 49,803,000 | 44,089,000 | 44,089,000 | 35,784,000 | 35,784,000 |
current portion of convertible notes | 361,621,000 | 361,100,000 | 360,579,000 | 360,579,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
accrued expenses and other current liabilities | 88,194,000 | 86,226,000 | 83,053,000 | 83,053,000 | 61,334,000 | 61,334,000 | 62,816,000 | 62,816,000 | 87,499,000 | 87,499,000 | 84,075,000 | 85,348,000 | 70,429,000 | 70,429,000 | 68,699,000 | 65,036,000 | 65,036,000 | 65,036 | 65,665,000 | 65,665,000 | 56,464,000 | 56,464,000 | 47,410,000 | 42,972,000 | 42,972,000 | 39,509,000 | 39,509,000 | 35,564,000 | 35,564,000 | 43,444,000 | 43,444,000 | 43,668,000 | 37,592,000 | 37,592,000 | 28,407,000 | 28,407,000 | 26,650,000 | 26,650,000,000 | 20,281,000 | 20,281,000 | 19,255,000 | 19,255,000,000 | 14,669,000 | 13,655,000 | 13,655,000 | 14,186,000 | 14,186,000 | 10,472,000 | 9,634,000 | 9,634,000 | 7,985,000 | 7,985,000 | 5,903,000 | 5,903,000 |
operating lease liabilities | 29,268,000 | 29,294,000 | 25,052,000 | 25,052,000 | 31,477,000 | 31,477,000 | 29,201,000 | 29,201,000 | 30,849,000 | 30,849,000 | 26,667,000 | 22,140,000 | 22,336,000 | 22,336,000 | 19,111,000 | 17,372,000 | 17,372,000 | 17,372 | 15,944,000 | 15,944,000 | 18,949,000 | 18,949,000 | 14,267,000 | 15,259,000 | 15,259,000 | 15,344,000 | 15,344,000 | |||||||||||||||||||||||||||
total current liabilities | 1,190,472,000 | 1,190,317,000 | 1,196,536,000 | 1,196,536,000 | 823,618,000 | 823,618,000 | 774,298,000 | 774,298,000 | 720,363,000 | 720,363,000 | 711,403,000 | 701,329,000 | 616,981,000 | 616,981,000 | 592,559,000 | 566,288,000 | 566,288,000 | 566,288 | 496,187,000 | 496,187,000 | 444,186,000 | 444,186,000 | 419,995,000 | 412,016,000 | 412,016,000 | 390,958,000 | 390,958,000 | 340,393,000 | 340,393,000 | 333,964,000 | 333,964,000 | 312,651,000 | 302,381,000 | 302,381,000 | 283,098,000 | 283,098,000 | 263,741,000 | 263,741,000,000 | 148,332,000 | 148,332,000 | 135,217,000 | 135,217,000,000 | 123,047,000 | 109,521,000 | 109,521,000 | 96,500,000 | 96,500,000 | 83,818,000 | 73,650,000 | 73,650,000 | 63,946,000 | 63,946,000 | 51,659,000 | 51,659,000 |
long-term liabilities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
convertible notes | 566,566,000 | 565,782,000 | 564,998,000 | 564,998,000 | 924,275,000 | 924,275,000 | 922,974,000 | 922,974,000 | 921,676,000 | 921,676,000 | 920,379,000 | 919,084,000 | 834,440,000 | 369,664,000 | 358,715,000 | 337,777,000 | ||||||||||||||||||||||||||||||||||||||
long-term deferred revenues | 70,594,000 | 68,954,000 | 67,125,000 | 67,125,000 | 64,414,000 | 64,414,000 | 59,966,000 | 50,867,000 | 29,265,000 | 12,494,000 | 14,329,000 | 4,206,000 | 2,540,000 | |||||||||||||||||||||||||||||||||||||||||
long-term deferred tax liabilities | 14,902,000 | 72,803,000 | 15,343,000 | 1,574,000 | 1,585,000 | 602,000 | 764,000 | 625,000 | 732,000 | |||||||||||||||||||||||||||||||||||||||||||||
other long-term liabilities | 6,093,000 | 1,991,000 | 2,090,000 | 2,090,000 | 2,282,000 | 2,282,000 | 2,267,000 | 75,000 | ||||||||||||||||||||||||||||||||||||||||||||||
long-term operating lease liabilities | 172,982,000 | 180,227,000 | 192,735,000 | 192,735,000 | 86,513,000 | 86,513,000 | 81,764,000 | 74,187,000 | ||||||||||||||||||||||||||||||||||||||||||||||
total long-term liabilities | 831,137,000 | 843,810,000 | 851,457,000 | 851,457,000 | 1,114,660,000 | 1,114,660,000 | 1,139,774,000 | 974,837,000 | 470,124,000 | 447,732,000 | 352,092,000 | 10,982,000 | 18,242,000 | 16,312,000 | 19,698,000 | 19,698,000 | 18,253,000 | 18,253,000,000 | 4,906,000 | 4,906,000 | 4,643,000 | 4,643,000,000 | 4,344,000 | 4,043,000 | 4,043,000 | 3,272,000 | 3,272,000 | |||||||||||||||||||||||||||
total liabilities | 2,021,609,000 | 2,034,127,000 | 2,047,993,000 | 2,047,993,000 | 1,938,278,000 | 1,938,278,000 | 1,914,072,000 | 1,914,072,000 | 1,859,381,000 | 1,859,381,000 | 1,811,959,000 | 1,771,381,000 | 1,576,475,000 | 1,591,818,000 | 1,527,628,000 | 1,036,412,000 | 1,036,412,000 | 1,036,412 | 953,892,000 | 953,892,000 | 891,918,000 | 891,918,000 | 837,372,000 | 824,446,000 | 824,446,000 | 794,631,000 | 794,631,000 | 692,485,000 | 692,485,000 | 680,486,000 | 680,486,000 | 323,633,000 | 320,623,000 | 318,693,000 | 302,796,000 | 302,796,000 | 281,994,000 | 281,994,000,000 | 153,238,000 | 153,238,000 | 139,860,000 | 139,860,000,000 | 127,391,000 | 113,564,000 | 113,564,000 | 99,772,000 | 99,772,000 | 86,135,000 | 75,643,000 | 75,643,000 | 65,709,000 | 65,709,000 | 53,059,000 | 53,059,000 |
commitments and contingencies | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
shareholders' equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
ordinary shares of nis 0.01 par value - authorized: 500,000,000 shares at december 31, 2022 and 2021; issued 59,973,409 and 58,149,325 shares at december 31, 2022 and 2021, respectively; outstanding: 56,305,462 and 57,254,189 shares at december 31, 2022 and 2021, respectively | 108,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
additional paid-in capital | 1,274,968,000 | 1,214,441,000 | 1,137,242,000 | 1,137,242,000 | 1,077,536,000 | 1,077,536,000 | 994,795,000 | 994,795,000 | 916,966,000 | 916,966,000 | 842,244,000 | 851,065,000 | 862,134,000 | 862,134,000 | 817,006,000 | 695,412,000 | 695,412,000 | 695,412 | 654,454,000 | 654,454,000 | 611,083,000 | 611,083,000 | 580,519,000 | 537,799,000 | 537,799,000 | 507,767,000 | 507,767,000 | 472,239,000 | 472,239,000 | 451,345,000 | 451,345,000 | 340,417,000 | 311,113,000 | 311,107,000 | 295,720,000 | 295,720,000 | 275,414,000 | 275,414,000,000 | 192,791,000 | 192,791,000 | 185,549,000 | 185,549,000,000 | 177,676,000 | 172,580,000 | 172,580,000 | 166,615,000 | 166,615,000 | 161,913,000 | 157,843,000 | 157,843,000 | 154,213,000 | 154,213,000 | 151,011,000 | 151,011,000 |
treasury shares at cost, 3,667,947 ordinary shares as of december 31, 2022 and 895,136 as of december 31, 2021 | -431,862,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive income | -33,455,000 | -44,949,000 | -40,258,000 | -40,258,000 | -4,708,000 | -4,708,000 | -1,056,000 | -1,056,000 | 1,277,000 | 1,277,000 | 9,406,000 | 10,997,000 | 1,357,000 | |||||||||||||||||||||||||||||||||||||||||
accumulated deficit | -1,073,001,000 | -1,034,026,000 | -986,665,000 | -986,665,000 | -875,427,000 | -875,427,000 | -648,138,000 | -648,138,000 | -522,602,000 | -522,602,000 | -539,269,000 | -638,164,000 | -621,305,000 | -569,939,000 | -558,516,000 | -501,674,000 | -501,674,000 | -501,674 | -443,938,000 | -443,938,000 | -404,785,000 | -404,785,000 | -383,212,000 | -365,845,000 | -365,845,000 | -349,111,000 | -349,111,000 | -318,371,000 | -318,371,000 | -316,237,000 | -316,237,000 | -304,681,000 | -299,581,000 | -299,581,000 | -292,976,000 | -292,976,000 | -278,457,000 | -278,457,000,000 | -196,412,000 | -196,412,000 | -185,107,000 | -185,107,000,000 | -173,383,000 | -161,104,000 | -161,104,000 | -145,078,000 | -145,078,000 | -130,002,000 | -117,230,000 | -117,230,000 | -103,429,000 | -103,429,000 | -88,512,000 | -88,512,000 |
total shareholders' equity | -263,242,000 | -64,416,000 | -89,564,000 | -89,564,000 | -2,483,000 | -2,483,000 | 145,715,000 | 145,715,000 | 195,754,000 | 195,754,000 | 304,845,000 | 213,828,000 | 250,342,000 | 267,497,000 | 204,839,000 | 204,839 | 210,924,000 | 210,924,000 | 207,749,000 | 198,767,000 | 172,628,000 | 172,628,000 | 158,702,000 | 158,702,000 | 152,265,000 | 152,265,000 | 134,123,000 | 134,123,000 | 35,049,000 | 11,320,000 | 11,320,000 | 4,380,000 | 4,380,000 | 771,000 | 771,000,000 | -3,805,000 | -3,805,000 | -256,000 | -256,000,000 | 5,218,000 | 8,994,000 | 8,994,000 | 18,650,000 | 18,650,000 | 30,511,000 | 40,374,000 | 40,374,000 | 50,589,000 | 50,589,000 | 62,296,000 | 62,296,000 | |||
total liabilities and shareholders' equity | 1,758,367,000 | 1,969,711,000 | 1,958,429,000 | 1,958,429,000 | 1,935,795,000 | 1,935,795,000 | 2,059,787,000 | 2,059,787,000 | 2,055,135,000 | 2,055,135,000 | 2,116,804,000 | 1,985,209,000 | 1,826,817,000 | 1,795,125,000 | 1,241,251,000 | 1,241,251 | 1,164,816,000 | 1,164,816,000 | 1,099,667,000 | 1,036,139,000 | 997,074,000 | 997,074,000 | 953,333,000 | 953,333,000 | 844,750,000 | 844,750,000 | 814,609,000 | 814,609,000 | 358,682,000 | 331,943,000 | 330,013,000 | 307,176,000 | 307,176,000 | 282,765,000 | 282,765,000,000 | 149,433,000 | 149,433,000 | 139,604,000 | 139,604,000,000 | 132,609,000 | 122,558,000 | 122,558,000 | 118,422,000 | 118,422,000 | 116,646,000 | 116,017,000 | 116,017,000 | 116,298,000 | 116,298,000 | 115,355,000 | 115,355,000 | |||
intangible assets and goodwill | 84,804,000 | 86,384,000 | 86,384,000 | 87,964,000 | 87,964,000 | 89,547,000 | 89,975,000 | 89,975,000 | 90,228,000 | 49,070,000 | 43,516,000 | 44,135,000 | 44,509,000 | 44,509 | 45,075,000 | 45,075,000 | 37,641,000 | 40,726,000 | 41,459,000 | 41,459,000 | 41,497,000 | 41,497,000 | 42,229,000 | 42,961,000 | 42,961,000 | 44,425,000 | 45,052,000 | 48,423,000 | 48,423,000 | 49,713,000 | 49,713,000,000 | 6,199,000 | 5,744,000 | 5,744,000,000 | 5,899,000 | 6,055,000 | 6,055,000 | 6,210,000 | 1,261,000 | 1,275,000 | 1,275,000 | 1,295,000 | 1,295,000 | |||||||||||
long term liabilities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
long-term deferred tax liability | 26,856,000 | 24,509,000 | 24,509,000 | 37,176,000 | 37,176,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
ordinary shares | 115,000 | 114,000 | 114,000 | 113,000 | 113,000 | 111,000 | 110,000 | 110,000 | 111,000 | 110,000 | 107,000 | 106,000 | 104,000 | 104 | 96,000 | 96,000 | 94,000 | 94,000 | 93,000 | 93,000 | 90,000 | 90,000 | 88,000 | 87,000 | 87,000 | 80,000 | 74,000 | 74,000 | 74,000 | 74,000 | 74,000,000 | 64,000 | 64,000 | 64,000,000 | 64,000 | 64,000 | 64,000 | 63,000 | 62,000 | 60,000 | 60,000 | 60,000 | 60,000 | 60,000 | 60,000 | |||||||||
treasury stock | -199,997,000 | -199,997,000 | -199,997,000 | -199,997,000 | -199,997,000 | -199,997,000 | -199,997,000 | -199,997,000 | ||||||||||||||||||||||||||||||||||||||||||||||
restricted cash and deposits | 9,737,000 | 9,737,000 | 7,010,000 | 7,010,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
short term deposits | 411,687,000 | 541,324,000 | 541,324,000 | 565,267,000 | 439,123,000 | 577,138,000 | 540,069,000 | 406,033,000 | 406,033 | 366,048,000 | 366,048,000 | 294,096,000 | 304,113,000 | 293,250,000 | 293,250,000 | 348,355,000 | 348,355,000 | 349,619,000 | 326,425,000 | 326,425,000 | 128,739,000 | 148,112,000 | 84,800,000 | 84,800,000 | 61,055,000 | 61,055,000,000 | 70,773,000 | 60,111,000 | 60,111,000,000 | 48,372,000 | 35,439,000 | 35,439,000 | 45,811,000 | 49,138,000 | 28,617,000 | 28,617,000 | 18,600,000 | 18,600,000 | ||||||||||||||||
restricted cash and deposit | 7,012,000 | 6,960,000 | 6,960,000 | 6,960,000 | 1,512,000 | 925,000 | 1,135,000 | 925,000 | 925 | 1,150,000 | 1,150,000 | 1,149,000 | 1,149,000 | 1,149,000 | 1,149,000 | 1,149,000 | 1,149,000 | 1,149,000 | 949,000 | 949,000 | 949,000 | 949,000 | 949,000 | 949,000 | 1,093,000 | 1,093,000,000 | 3,851,000 | 3,835,000 | 3,835,000,000 | 4,671,000 | ||||||||||||||||||||||||
long term assets: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities and shareholder's equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
long term deferred revenues | 59,966,000 | 60,336,000 | 60,336,000 | 58,583,000 | 59,059,000 | 50,867,000 | 40,780,000 | 29,265,000 | 29,265 | 24,457,000 | 24,457,000 | 21,969,000 | 19,643,000 | 17,694,000 | 17,694,000 | 15,314,000 | 15,314,000 | 12,494,000 | 11,923,000 | 11,923,000 | 9,040,000 | 14,329,000 | 14,012,000 | 14,012,000 | 13,126,000 | 13,126,000,000 | 4,206,000 | 3,992,000 | 3,992,000,000 | 3,666,000 | 3,338,000 | 3,338,000 | 2,540,000 | 2,317,000 | 1,993,000 | 1,993,000 | 1,763,000 | 1,763,000 | 1,400,000 | 1,400,000 | ||||||||||||||
long term deferred tax liability | 72,803,000 | 79,718,000 | 79,718,000 | 55,884,000 | 22,382,000 | 693,000 | 1,574,000 | 1,574 | 1,598,000 | 1,598,000 | 1,585,000 | 425,000 | 570,000 | 570,000 | 824,000 | 824,000 | 602,000 | 642,000 | 642,000 | 723,000 | 2,694,000 | 4,467,000 | 4,467,000 | 3,908,000 | 3,908,000,000 | 625,000 | 651,000 | 651,000,000 | 678,000 | 705,000 | 705,000 | 732,000 | ||||||||||||||||||||||
other long term liabilities | 2,267,000 | 2,482,000 | 2,074,000 | 2,074,000 | 75,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
long term operating lease liabilities | 81,764,000 | 77,288,000 | 77,288,000 | 65,710,000 | 69,527,000 | 74,187,000 | 69,348,000 | 68,402,000 | 68,402,000 | 68,402 | 66,283,000 | 66,283,000 | 64,244,000 | 40,246,000 | 42,784,000 | 42,784,000 | 43,421,000 | 43,421,000 | ||||||||||||||||||||||||||||||||||||
total long term liabilities | 1,139,774,000 | 1,139,018,000 | 1,139,018,000 | 1,100,556,000 | 1,070,052,000 | 959,494,000 | 935,069,000 | 470,124,000 | 470,124 | 457,705,000 | 457,705,000 | 447,732,000 | 417,377,000 | 412,430,000 | 412,430,000 | 403,673,000 | 403,673,000 | 352,092,000 | 346,522,000 | 346,522,000 | ||||||||||||||||||||||||||||||||||
consolidated balance sheets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
u.s. dollars in thousands | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
shareholders' equity: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
ordinary shares of nis 0.01 par value - authorized: 500,000,000 shares at december 31, 2020 and 2021; issued 56,027,758 and 58,149,325 shares at december 31, 2020 and 2021, respectively; outstanding: 56,027,758 and 57,254,189 shares at december 31, 2020 and 2021, respectively | 111,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
treasury shares at cost, 895,136 ordinary shares | -199,997,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated ther comprehensive income | 1,759,000 | 817,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
operating lease assets | 88,406,000 | 82,582,000 | 81,112,000 | 81,112 | 78,617,000 | 78,617,000 | 79,249,000 | 53,979,000 | 57,327,000 | 57,327,000 | 58,467,000 | 58,467,000 | ||||||||||||||||||||||||||||||||||||||||||
convertible senior notes | 834,440,000 | 823,029,000 | 369,664,000 | 369,664 | 364,148,000 | 364,148,000 | 358,715,000 | 353,362,000 | 348,089,000 | 348,089,000 | 342,895,000 | 342,895,000 | 337,777,000 | 332,738,000 | 332,738,000 | |||||||||||||||||||||||||||||||||||||||
other comprehensive loss | 9,406,000 | 8,901,000 | 10,997,000 | 10,997 | 312,000 | 312,000 | 1,357,000 | 1,366,000 | 581,000 | 581,000 | -44,000 | -44,000 | -1,691,000 | -1,072,000 | -1,072,000 | -767,000 | -286,000 | -248,000 | -248,000 | -762,000 | -762,000,000 | 861,000 | -2,546,000 | -2,546,000 | -2,950,000 | -2,950,000 | -1,462,000 | -299,000 | -299,000 | -255,000 | -255,000 | -263,000 | -263,000 | |||||||||||||||||||||
liabilities and shareholders’ equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
long-term loan | 1,219,000 | 1,219,000 | 1,219,000 | 1,219,000 | 1,219,000 | 1,219,000 | 1,219,000 | 1,219,000 | 1,219,000,000 | |||||||||||||||||||||||||||||||||||||||||||||
shareholders’ equity: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
ordinary shares of nis 0.01 par value – authorized: 500,000,000 shares at december 31, 2019 and 2020; issued and outstanding: 51,525,919 and 56,027,758 shares at december 31, 2019 and 2020, respectively | 107,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
total shareholders’ equity | 301,708,000 | 204,839,000 | 207,749,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities and shareholders’ equity | 1,893,526,000 | 1,241,251,000 | 1,099,667,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
long term loan | 1,219,000 | 1,219,000 | 1,219 | 1,219,000 | 1,219,000 | 1,219,000 | 1,219,000 | 1,219,000 | 1,219,000 | 1,219,000 | 1,219,000 | 1,219,000 | 1,219,000 | 1,219,000 | 1,219,000 | |||||||||||||||||||||||||||||||||||||||
restricted deposit | 925,000 | 1,149,000 | 1,149,000 | 949,000 | 3,851,000 | 5,893,000 | 5,893,000 | 5,909,000 | 5,909,000 | 3,265,000 | 2,888,000 | 2,888,000 | 2,950,000 | 2,950,000 | 3,306,000 | 3,306,000 | ||||||||||||||||||||||||||||||||||||||
ordinary shares of nis 0.01 par value – authorized: 500,000,000 shares as of december 31, 2019 and as of june 30, 2020; issued and outstanding: 51,525,919 and 55,117,101 shares as of december 31, 2019 and june 30, 2020, respectively | 104,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
long-term deferred revenues, net of current portion | 21,969,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
long term operating lease liabilities. net of current portion | 64,244,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
ordinary shares of nis 0.01 par value – authorized: 500,000,000 shares at december 31, 2018 and 2019; issued and outstanding: 49,269,626 and 51,525,919 shares at december 31, 2018 and 2019, respectively | 94,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
ordinary shares of nis 0.01 par value – authorized: 500,000,000 shares at december 31, 2017 and 2018; issued and outstanding: 46,453,583 and 49,269,626 shares at december 31, 2017 and 2018, respectively; | 88,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive loss | -1,691,000 | -286,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
property, equipment and software | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities and shareholder's deficiency | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
ordinary shares of nis 0.01 par value – authorized: 500,000,000 shares at december 31, 2016 and 2017; issued and outstanding: 44,297,761 and 46,453,583 shares at december 31, 2016 and 2017, respectively; | 80,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
other comprehensive income | 1,562,000 | 1,562,000 | 3,740,000 | 3,740,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
ordinary shares of nis 0.01 par value – authorized: 500,000,000 shares at december 31, 2014 and 2015; issued and outstanding: 38,419,193 and 40,272,846 shares at december 31, 2014 and 2015, respectively; | 64,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
ordinary shares of nis 0.01 par value – authorized: 500,000,000 shares at december 31, 2013 and 2014; issued and outstanding: 37,493,217 and 38,419,193 shares at december 31, 2013 and 2014, respectively; | 63,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred shares |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-05-20 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-05-17 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-08-10 | 2022-05-16 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-05-12 | 2020-12-31 | 2020-11-12 | 2020-08-06 | 2020-05-14 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-05-16 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-05-09 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-05-10 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-07-27 | 2016-06-30 | 2016-05-04 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-05-06 | 2015-03-31 | 2014-12-31 | 2014-09-30 | 2014-06-30 | 2014-05-13 | 2014-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
operating activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income | -58,292,000 | 23,937,000 | 33,766,000 | 21,246,000 | -12,740,000 | 15,516,000 | 24,002,000 | 24,002,000 | 26,162,000 | -26,602,000 | -10,369,000 | 63,877,000 | -227,289,000 | -39,153,000 | -30,740 | -19,811,000 | -20,885,000 | -14,917,000 | |||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net loss to net cash from operating activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
depreciation | 91,000 | -38,000 | 6,137,000 | 179,000 | -328,000 | -15,000 | 6,442,000 | 6,442,000 | 16,144,000 | -149,000 | -425,000 | 4,922,000 | 4,922,000 | 12,766,000 | -177,000 | 487,000 | 3,535,000 | 3,535,000 | 10,334,000 | 217,000 | -54,000 | 3,432,000 | 10,898,000 | -3,397,000 | -35,000 | 3,572,000 | 3,572,000 | 8,932,000 | 267,000 | 269,000 | 2,658,000 | 2,658 | 6,511,000 | 17,000 | 299,000 | 1,897,000 | 1,897,000 | 4,456,000 | 1,244,000 | 1,297,000 | 3,340,000 | -8,000 | 925,000 | 3,216,000 | 472,000 | 1,807,000 | 472,000 | 472,000 | |||||||||
amortization | 124,000 | -215,000 | 1,461,000 | -1,000 | -4,000 | -18,000 | 1,483,000 | 1,483,000 | 4,465,000 | 0 | 1,000 | 1,488,000 | 1,488,000 | 1,000 | 6,000 | 1,574,000 | 1,574,000 | 2,199,000 | 247,000 | 599,000 | 0 | 566,000 | 566,000 | -5,000 | 6,000 | 732,000 | 732 | 2,000 | 143,000 | 588,000 | 588,000 | 187,000 | 320,000 | 560,000 | 1,000 | 155,000 | 602,000 | -155,000 | 187,000 | ||||||||||||||||||
share based compensation expenses | 126,000 | -822,000 | 60,261,000 | 909,000 | 1,006,000 | 1,744,000 | 58,142,000 | 58,142,000 | 166,376,000 | 4,589,000 | -861,000 | 54,521,000 | 54,521,000 | 180,040,000 | -2,343,000 | -1,845,000 | 60,984,000 | 60,984,000 | 168,321,000 | 2,674,000 | 3,765,000 | 46,631,000 | 108,391,000 | -26,763,000 | 4,249,000 | 30,718,000 | 30,718,000 | 80,945,000 | 827,000 | 2,658,000 | 24,907,000 | 24,907 | 53,570,000 | 991,000 | 2,095,000 | 15,674,000 | 15,674,000 | 40,536,000 | 6,137,000 | 8,982,000 | 20,884,000 | 237,000 | 4,048,000 | 8,696,000 | 2,945,000 | 10,582,000 | 2,945,000 | 2,945,000 | |||||||||
amortization of debt discount and debt issuance costs | 164,000 | 1,000 | 794,000 | 1,000 | 1,000 | 1,000 | 790,000 | 790,000 | -523,000 | 2,000 | 1,308,000 | 1,308,000 | 3,908,000 | 3,000 | 1,000 | 1,301,000 | 1,301,000 | 4,001,000 | 1,000 | -61,049,000 | 62,345,000 | 22,360,000 | -3,355,000 | 83,000 | 5,433,000 | 5,433,000 | 15,664,000 | 80,000 | 77,000 | 5,117,000 | 5,117 | 5,039,000 | |||||||||||||||||||||||||
changes in accrued interest and exchange rate on short term and long term deposits | -630,000 | 350,000 | -224,000 | -352,000 | -1,173,000 | 10,000 | 880,000 | 880,000 | -2,070,000 | 158,000 | -25,000 | -25,000 | 382,000 | -255,000 | 45,000 | 45,000 | |||||||||||||||||||||||||||||||||||||||||
amortization of premium and discount and accrued interest on marketable securities | 18,759,000 | -27,966,000 | 3,557,000 | 2,239,000 | -14,014,000 | 3,340,000 | 597,000 | 597,000 | -4,695,000 | 3,592,000 | 540,000 | 540,000 | -256,000 | -293,000 | 1,549,000 | 1,549,000 | -286,000 | -241,000 | 2,323,000 | 505,000 | 159,000 | 279,000 | 279,000 | -206,000 | -130,000 | -61,000 | 51,000 | 51 | -173,000 | 29,000 | 78,000 | -33,000 | -33,000 | ||||||||||||||||||||||||
remeasurement loss on marketable equity securities and investments in privately held companies | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
changes in deferred income taxes | 62,720,000 | -64,818,000 | 1,000 | 238,000 | 4,803,000 | -5,011,000 | -5,011,000 | -12,497,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
changes in operating lease right-of-use assets | 42,000 | -3,000 | 4,803,000 | -5,234,000 | 4,299,000 | 262,000 | 5,024,000 | 5,024,000 | 18,326,000 | 3,549,000 | -440,000 | 5,796,000 | 5,796,000 | 37,299,000 | -1,596,000 | 899,000 | 8,838,000 | 8,838,000 | 22,534,000 | -2,472,000 | 3,698,000 | 4,681,000 | 13,960,000 | -5,539,000 | 870,000 | 4,288,000 | 4,288,000 | ||||||||||||||||||||||||||||||
changes in operating lease liabilities | -23,326,000 | 42,825,000 | -8,763,000 | 15,932,000 | -10,893,000 | -4,208,000 | -3,652,000 | -3,652,000 | -17,628,000 | 12,503,000 | -18,087,000 | -8,121,000 | -8,121,000 | -36,376,000 | 6,850,000 | -5,878,000 | -9,647,000 | -9,647,000 | -20,626,000 | 1,516,000 | -1,543,000 | -6,035,000 | -12,430,000 | 6,440,000 | 641,000 | -5,229,000 | -5,229,000 | ||||||||||||||||||||||||||||||
loss on foreign exchange | -8,044,000 | -1,826,000 | -2,006,000 | 3,187,000 | -2,314,000 | 1,045,000 | 553,000 | 553,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
decrease in trade receivables | 8,622,000 | -5,302,000 | -2,654,000 | -1,502,000 | 1,119,000 | 3,788,000 | -6,176,000 | -1,913,000 | 148,000 | -4,693,000 | -8,265,000 | 2,348,000 | 188,000 | 978,000 | -2,100,000 | 615,000 | 615,000 | ||||||||||||||||||||||||||||||||||||||||
decrease in prepaid expenses and other current and long-term assets | -10,583,000 | -64,379,000 | 58,289,000 | -91,168,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in trade payables | 19,488,000 | -3,243,000 | -9,338,000 | -12,379,000 | -2,123,000 | -2,123,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
increase in employees and payroll accruals | -10,083,000 | 58,649,000 | -5,932,000 | -36,281,000 | 12,424,000 | -9,220,000 | 4,398,000 | -4,740,000 | -4,740,000 | 20,019,000 | 26,779,000 | -67,961,000 | 40,554,000 | 11,312,000 | -9,680,000 | -524,000 | 12,109,000 | 12,109,000 | 7,672,000 | -4,114,000 | -3,789,000 | 8,012,000 | 8,012 | 10,211,000 | -12,346,000 | -3,475,000 | 8,453,000 | 8,453,000 | 2,730,000 | 222,000 | 4,955,000 | 60,000 | -193,000 | -3,299,000 | -3,772,000 | 1,316,000 | 6,287,000 | 1,316,000 | 1,316,000 | ||||||||||||||||||
increase in short term and long term deferred revenues | -7,895,000 | -18,151,000 | 44,362,000 | -4,487,000 | -19,330,000 | -15,893,000 | 41,319,000 | 41,319,000 | -11,656,000 | -48,932,000 | 60,975,000 | 60,975,000 | -1,708,000 | -29,821,000 | 37,552,000 | 37,552,000 | -16,474,000 | -25,187,000 | 46,997,000 | -3,079,000 | 32,871,000 | 32,871,000 | -5,075,000 | -11,945,000 | 26,089,000 | 26,089 | 47,504,000 | -6,586,000 | -8,117,000 | 21,880,000 | 21,880,000 | 46,694,000 | 14,108,000 | 22,008,000 | 40,307,000 | -1,064,000 | 11,694,000 | 16,365,000 | 8,506,000 | 17,086,000 | 8,506,000 | 8,506,000 | |||||||||||||||
increase in accrued expenses and other current liabilities | -12,877,000 | 38,937,000 | 19,193,000 | -779,000 | -16,470,000 | 8,754,000 | 2,635,000 | 2,635,000 | 5,198,000 | 12,202,000 | -10,663,000 | 5,178,000 | 5,178,000 | -17,905,000 | 22,132,000 | -1,158,000 | -1,158,000 | 4,230,000 | -16,335,000 | 14,701,000 | 11,101,000 | -5,853,000 | -3,629,000 | 6,916,000 | 6,916,000 | 17,418,000 | -1,235,000 | 659,000 | 4,970,000 | 4,970 | -5,872,000 | 7,643,000 | -9,916,000 | 6,109,000 | 6,109,000 | 13,364,000 | -1,871,000 | -1,659,000 | 5,293,000 | 1,965,000 | 4,099,000 | 1,965,000 | 1,965,000 | ||||||||||||||
net cash from operating activities | -21,636,000 | 4,844,000 | 145,491,000 | 3,922,000 | 9,785,000 | 6,193,000 | 113,836,000 | 113,836,000 | 184,102,000 | 16,383,000 | 1,800,000 | 45,961,000 | 45,961,000 | 36,885,000 | 2,954,000 | 10,975,000 | -13,662,000 | -13,662,000 | 61,362,000 | -17,510,000 | 3,345,000 | 18,488,000 | 123,535,000 | -70,471,000 | 4,931,000 | 45,027,000 | 45,027,000 | 113,491,000 | -1,107,000 | 2,106,000 | 35,074,000 | 35,074 | 88,102,000 | 339,000 | 2,489,000 | 24,779,000 | 24,779,000 | 72,582,000 | 10,749,000 | 20,576,000 | -925,000 | 16,397,000 | 30,103,000 | -844,000 | 0 | 11,314,000 | -581,000 | 22,743,000 | 6,687,000 | 4,151,000 | 1,097,000 | -581,000 | -2,612,000 | -2,507,000 | -2,835,000 | 1,097,000 | 1,097,000 |
investing activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from short-term deposits and restricted deposits | 107,780,000 | -81,610,000 | 178,499,000 | -661,000 | 823,000 | 823,000 | -297,570,000 | 311,519,000 | 56,091,000 | 56,091,000 | -21,088,000 | 21,259,000 | 105,000,000 | 105,000,000 | 229,000,000 | -98,015,000 | 138,015,000 | -7,775,000 | 17,000,000 | 17,000,000 | 109,000,000 | 28,225,000 | 26,775,000 | 26,775 | 90,678,000 | -8,437,000 | 13,774,000 | 13,774,000 | 4,766,000 | 16,386,000 | -6,099,000 | 11,906,000 | 602,000 | ||||||||||||||||||||||||
investment in short-term deposits and restricted deposits | -112,810,000 | 89,079,000 | -114,608,000 | 30,151,000 | -30,162,000 | -30,162,000 | -130,252,000 | 54,500,000 | -58,980,000 | -58,980,000 | 183,792,000 | -90,972,000 | -150,000,000 | -150,000,000 | -73,471,000 | -170,927,000 | -602,000 | 40,000,000 | -89,000,000 | -89,000,000 | -26,000,000 | -26,000 | -47,998,000 | -98,222,000 | -26,779,000 | -26,779,000 | -7,000,000 | -10,650,000 | -5,893,000 | -1,686,000 | -18,846,000 | ||||||||||||||||||||||||||
proceeds from available-for-sale marketable debt securities | -12,190,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment in trading marketable debt securities | 76,281,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceed from trading marketable debt securities | -75,493,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase of property and equipment and lease prepayment | 1,121,000 | 364,000 | -2,629,000 | 103,000 | 5,206,000 | 844,000 | -7,715,000 | -7,715,000 | -44,331,000 | -3,515,000 | 4,399,000 | -19,574,000 | -19,574,000 | ||||||||||||||||||||||||||||||||||||||||||||
capitalization of internal use of software | 132,000 | 16,000 | -421,000 | -13,000 | -64,000 | 86,000 | -410,000 | -410,000 | -2,342,000 | -110,000 | 782,000 | -1,358,000 | -1,358,000 | -1,444,000 | -78,000 | 53,000 | -641,000 | -641,000 | |||||||||||||||||||||||||||||||||||||||
proceeds from (investment in) other assets | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of equity securities | 22,148,000 | 22,148,000 | -14,254,000 | 31,861,000 | 31,861,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
payment for businesses acquired, net of acquired cash | 37,406,000 | -31,631,000 | -5,586,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceed from realization of investments in privately held companies | 417,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchases of investments in privately held companies | 408,000 | -1,608,000 | -750,000 | 150,000 | -690,000 | 90,000 | -550,000 | -550,000 | -7,576,000 | -7,500,000 | -7,500,000 | -1,200,000 | 900,000 | -840,000 | -160,000 | -160,000 | -1,681,000 | -500,000 | |||||||||||||||||||||||||||||||||||||||
net cash from investing activities | -255,089,000 | -36,305,000 | 22,186,000 | 79,352,000 | 136,498,000 | -141,394,000 | 9,092,000 | 9,092,000 | 612,033,000 | -526,173,000 | 421,924,000 | 58,930,000 | 58,930,000 | -92,666,000 | 180,476,000 | -69,802,000 | -72,666,000 | -72,666,000 | 268,030,000 | 195,642,000 | -304,878,000 | 218,075,000 | -237,517,000 | -354,288,000 | 49,269,000 | -128,847,000 | -128,847,000 | -130,184,000 | -72,511,000 | -16,597,000 | -24,721,000 | -24,721 | -170,368,000 | 6,434,000 | -106,829,000 | -16,826,000 | -16,826,000 | -102,001,000 | -3,443,000 | -25,714,000 | 4,480,000 | -11,909,000 | 8,139,000 | 26,473,000 | -20,942,000 | -59,076,000 | -20,942,000 | -20,942,000 | |||||||||
financing activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from exercise of options and espp shares | 31,244,000 | -22,294,000 | 22,654,000 | -21,949,000 | 27,026,000 | -21,013,000 | 22,628,000 | 22,628,000 | 21,729,000 | 16,755,000 | -18,479,000 | 19,655,000 | 19,655,000 | 22,931,000 | 19,347,000 | -21,150,000 | 21,582,000 | 21,582,000 | 28,191,000 | 372,000 | 958,000 | 10,422,000 | 30,231,000 | -9,869,000 | 5,337,000 | 6,975,000 | 6,975,000 | 22,043,000 | 1,940,000 | 834,000 | 6,678,000 | 6,678 | 26,814,000 | -5,505,000 | 1,283,000 | 10,304,000 | 10,304,000 | 16,586,000 | 3,321,000 | 7,320,000 | 14,086,000 | 3,322,000 | 1,780,000 | 31,000 | |||||||||||||
purchase of treasury stock | -75,000,000 | 100,000,000 | -200,000,000 | 16,302,000 | -241,302,000 | -241,302,000 | -31,681,000 | -18,319,000 | -18,319,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of convertible senior notes | 0 | 385,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
repayment of convertible notes | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments of debt issuance costs | 0 | -10,010,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase of capped call | 0 | -39,424,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash from financing activities | 433,435,000 | 77,706,000 | -177,346,000 | -21,949,000 | 252,026,000 | -4,711,000 | -218,674,000 | -218,674,000 | -467,955,000 | 429,422,000 | -412,827,000 | 1,336,000 | 1,336,000 | -208,942,000 | 19,347,000 | -21,150,000 | 21,582,000 | 21,582,000 | 28,191,000 | -199,628,000 | 958,000 | 10,422,000 | 30,231,000 | 503,418,000 | 5,337,000 | 6,975,000 | 6,975,000 | 22,043,000 | 1,940,000 | 834,000 | 6,678,000 | 6,678 | 362,380,000 | -291,826,000 | 336,849,000 | 10,304,000 | 10,304,000 | 16,416,000 | 3,321,000 | 7,150,000 | 14,086,000 | 3,322,000 | 1,780,000 | 6,427,000 | -99,000 | -4,380,000 | -99,000 | -99,000 | |||||||||
effect of exchange rates on cash, cash equivalent and restricted cash | -12,872,000 | 12,284,000 | 2,006,000 | -3,187,000 | 2,314,000 | -1,045,000 | -553,000 | -553,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
increase in cash, cash equivalents and restricted cash | 143,838,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents and restricted cash—beginning of period | 50,866,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents and restricted cash—end of period | 194,704,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
remeasurement gain on marketable equity | -3,367,000 | -3,367,000 | -13,898,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
remeasurement loss on marketable equity | -13,898,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in employees and payroll accruals | -64,148,000 | -2,429,000 | -2,429,000 | -7,890,000 | -10,042,000 | -10,042,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
investment in marketable securities | -27,693,000 | 88,034,000 | -135,851,000 | -27,847,000 | -27,847,000 | -164,563,000 | 54,360,000 | -20,253,000 | -72,155,000 | -72,155,000 | -295,108,000 | -238,305,000 | 28,434,000 | -129,301,000 | -129,301,000 | -274,807,000 | -19,274,000 | -80,770,000 | -27,923,000 | -27,923 | -21,285,000 | -26,102,000 | -8,173,000 | -3,403,000 | -3,403,000 | ||||||||||||||||||||||||||||||||
proceeds from marketable securities | 58,292,000 | -4,021,000 | -19,329,000 | -14,455,000 | 52,805,000 | 52,805,000 | -73,078,000 | 57,589,000 | 58,390,000 | 58,390,000 | 238,494,000 | -27,251,000 | 17,490,000 | 61,380,000 | 61,380,000 | 231,292,000 | -9,653,000 | 465,000 | 90,097,000 | 232,231,000 | -109,807,000 | -23,599,000 | 89,255,000 | 89,255,000 | 100,659,000 | 10,645,000 | 14,146,000 | 7,455,000 | 7,455 | 19,697,000 | -10,139,000 | 8,556,000 | 2,940,000 | 2,940,000 | |||||||||||||||||||||||
decrease in cash and cash equivalents | -7,663,000 | -1,047,000 | -2,167,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents—beginning of period | 660,939,000 | 163,367,000 | -237,256,000 | -96,299,000 | 609,622,000 | 609,622,000 | 117,124,000 | 106,227,000 | 244,686,000 | 244,686,000 | -144,723,000 | -64,746,000 | 451,355,000 | 451,355,000 | -53,590,000 | 246,985,000 | 168,858,000 | -76,845,000 | 268,103,000 | 268,103,000 | 3,374,000 | 17,031,000 | 331,057,000 | 331,057 | 250,766,000 | 18,257,000 | 85,230,000 | 85,230,000 | 39,226,000 | 93,064,000 | 14,600,000 | 40,200,000 | 101,258,000 | 101,258,000 | 101,258,000 | ||||||||||||||||||||||
cash and cash equivalents—end of period | 653,276,000 | 221,505,000 | 163,367,000 | -237,256,000 | 513,323,000 | 513,323,000 | 36,756,000 | 117,124,000 | 350,913,000 | 350,913,000 | 58,054,000 | -144,723,000 | 386,609,000 | 386,609,000 | -75,086,000 | -53,590,000 | 415,843,000 | -17,308,000 | 191,258,000 | 191,258,000 | -68,304,000 | 3,374,000 | 348,088,000 | 348,088 | -34,287,000 | 250,766,000 | 103,487,000 | 103,487,000 | 38,179,000 | 90,897,000 | 5,169,000 | 49,371,000 | 81,493,000 | 81,493,000 | 81,493,000 | ||||||||||||||||||||||
non-cash impairment, restructuring and other costs | 24,731,000 | 1,638,000 | -20,504,000 | 20,834,000 | 20,834,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in trade payables | 5,140,000 | -37,851,000 | -3,303,000 | 30,369,000 | -41,670,000 | -41,670,000 | -10,554,000 | 1,613,000 | -31,259,000 | 21,686,000 | 21,686,000 | 19,868,000 | 4,493,000 | 5,496,000 | -3,262,000 | 45,298,000 | -38,305,000 | 17,370,000 | 8,802,000 | 8,802,000 | -9,838,000 | 5,500,000 | -7,772,000 | 4,550,000 | 4,550 | 8,749,000 | -1,642,000 | 4,270,000 | -444,000 | -444,000 | 11,013,000 | 4,624,000 | 4,508,000 | 7,469,000 | 1,411,000 | 6,123,000 | 5,933,000 | 803,000 | -1,419,000 | 803,000 | 803,000 | ||||||||||||||||
investment in other assets | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from investment in other assets | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in cash and cash equivalents | 58,138,000 | 400,623,000 | -140,957,000 | -96,299,000 | -96,299,000 | 328,180,000 | -80,368,000 | 10,897,000 | 106,227,000 | 106,227,000 | -264,723,000 | 202,777,000 | -79,977,000 | -64,746,000 | -64,746,000 | 357,583,000 | -21,496,000 | -300,575,000 | 246,985,000 | -83,751,000 | 78,659,000 | 59,537,000 | -76,845,000 | -76,845,000 | 5,350,000 | -71,678,000 | -13,657,000 | 17,031,000 | 17,031 | 280,114,000 | -285,053,000 | 232,509,000 | 18,257,000 | 18,257,000 | -13,003,000 | 48,669,000 | -9,431,000 | 9,171,000 | 55,686,000 | -19,765,000 | -66,217,000 | -19,765,000 | -19,765,000 | ||||||||||||||
adjustments to reconcile net income to net cash from operating activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease (increase) in trade receivables | 1,119,000 | 148,000 | -4,693 | 188,000 | -364,000 | 615,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
decrease (increase) in prepaid expenses and other current and long-term assets | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in prepaid expenses and other current and long-term assets | -12,568,000 | -12,568,000 | -13,703,000 | -10,858,000 | -10,858,000 | -632,000 | 9,752,000 | -2,719,000 | -12,313,000 | -12,313,000 | -97,816,000 | 29,652,000 | 43,612,000 | -73,916,000 | -82,203,000 | 14,422,000 | 7,743,000 | -14,674,000 | -14,674,000 | 3,257,000 | -7,199,000 | -7,199 | -9,272,000 | -9,272,000 | -1,589,000 | -3,913,000 | -2,032,000 | 1,982,000 | -846,000 | -4,136,000 | -846,000 | -846,000 | |||||||||||||||||||||||||
increase in trade receivables | -10,474,000 | -10,474,000 | -11,649,000 | -11,649,000 | -1,315,000 | -1,197,000 | 889,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
cash flows from operating activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of debt issuance costs | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
changes in accrued interest and exchange rate on short-term and long-term deposits | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of premium and discount and accrued interest on marketable debt securities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in short-term and long-term deferred revenues | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash flows from investing activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from short-term and restricted deposits | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment in short-term and restricted deposits | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment in marketable debt securities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from marketable debt securities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments for businesses acquired, net of acquired cash | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of marketable equity securities | 3,193,000 | 3,193,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash flows from financing activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase of treasury shares | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents at the beginning of the year | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents at the end of the year | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
supplemental disclosure of cash flow activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash paid during the year for taxes | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest received during the year | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
supplemental information for non-cash transactions | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
right-of-use assets obtained in exchange for operating lease liabilities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-cash purchase of property and equipment | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
conversion of convertible notes | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred income taxes | -2,174,000 | -4,144,000 | -4,144,000 | 14,995,000 | 22,931,000 | -35,575,000 | -35,575,000 | -11,641,000 | 25,401,000 | 7,351,000 | 1,611,000 | -1,666,000 | -1,666,000 | -748,000 | 271,000 | 131,000 | 131 | -34,000 | -209,000 | -98,000 | -98,000 | -26,000 | -213,000 | -6,000 | -28,000 | 9,000 | 9,000 | 9,000 | |||||||||||||||||||||||||||||
net loss | -10,369,000 | -227,289,000 | -133,876,000 | -121,752,000 | -108,312,000 | 40,047,000 | -18,583,000 | -39,153,000 | -69,047,000 | -30,740,000 | -31,204,000 | -19,811,000 | -46,630,000 | -19,912,000 | -37,253,000 | -16,026,000 | -9,844,000 | -14,917,000 | -38,764,000 | -14,917,000 | |||||||||||||||||||||||||||||||||||||
amortization of intangible assets | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of premium, discount and accrued interest on marketable securities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
remeasurement gain on marketable equity securities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred taxes | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in accrued expenses and other current and long-term liabilities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from realization of investments in privately held company | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
right-of-use asset recognized with corresponding lease liability | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase of property and equipment and payment of prepaid expenses | -9,579,000 | 6,654,000 | -19,283,000 | -19,283,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
investment in other long-term assets | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from equity securities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
revaluation on marketable equity securities | -96,725,000 | 151,645,000 | 151,645,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in accrued interest and exchange rate on short term and long term deposits | -78,000 | 15,000 | -32,000 | 47,000 | 47,000 | 489,000 | 328,000 | -328,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
gain on equity securities | -37,669,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase of property and equipment | -5,947,000 | -2,937,000 | -3,720,000 | -13,475,000 | 3,279,000 | 1,679,000 | -4,943,000 | -4,943,000 | -14,715,000 | -477,000 | -1,405,000 | -4,830,000 | -4,830 | -9,819,000 | -569,000 | -85,000 | -3,211,000 | -3,211,000 | -10,603,000 | -1,209,000 | -1,616,000 | -3,369,000 | 83,000 | -2,081,000 | -1,661,000 | -1,468,000 | -3,974,000 | -1,468,000 | -1,468,000 | ||||||||||||||||||||||||||||
capitalization of software development costs | 36,000 | -333,000 | -129,000 | -74,000 | -132,000 | -132,000 | -505,000 | 57,000 | 7,000 | -198,000 | -198 | -341,000 | 64,000 | 32,000 | -147,000 | -147,000 | |||||||||||||||||||||||||||||||||||||||||
proceed from equity securities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceed from investments in privately held companies | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
consolidated statements of cash flows | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
u.s. dollars in thousands | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
wix.com ltd. and its subsidiaries | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease (increase) in accrued interest and exchange rate on short term and long term deposits | 489 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment in other short and long-term assets | 2,857,000 | -3,500,000 | -3,500,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
payment for businesses acquired | -6,626,000 | -6,626,000 | -29,834,000 | -1,230,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from investments in privately-held companies | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchases of investments in privately-held companies | -585,000 | -100,000 | -100,000 | -3,600,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in accrued interest and exchange rate on short-term and long-term deposits | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from realization of investments in privately-held company | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
supplemental information for non- cash transactions | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in accrued interest and exchange rate on short-term and long-term deposits | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments for businesses acquired | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents at the beginning of the period | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents at the end of the period | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash paid during the period for taxes | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of intangible assets | -1,500,000 | -1,500,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
credit line repayment | -170,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
tax benefit related to exercise of share options | 175,000 | 523,000 | 11,000 | 138,000 | 280,000 | 226,000 | 549,000 | 226,000 | 226,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
increase in accrued interest and exchange rate on short term and long term deposits | -90,000 | 52,000 | -193,000 | -352,000 | -352,000 | -230,000 | -114,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from convertible notes,net | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest and exchange rate on short-term and long-term deposits | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
projected revenues | 8,000,000 | 101,000,000 | 73,000,000 | 66,000,000 | 56,000,000 | 48,000,000 | 49,000,000 | 5,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
projected change in deferred revenues | 2,000,000 | 15,000,000 | 11,000,000 | 11,000,000 | 11,000,000 | 9,000,000 | 9,000,000 | 2,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
projected collections | 10,000,000 | 116,000,000 | 84,000,000 | 77,000,000 | 67,000,000 | 57,000,000 | 58,000,000 | 7,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
wix.com ltd. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
condensed consolidated statements of cash flows | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
revenues | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
collections | 55,869,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
free cash flow | 10,185,000 | 5,402,000 | -2,662,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
number of registered users at period end | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
number of premium subscriptions at period end | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
reconciliation of revenues to collections | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
change in deferred revenues | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
reconciliation of net cash from operating activities to free cash flow | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
capital expenditures | 1,253,000 | 380,000 | -3,050,000 | 90,000 | 5,142,000 | 930,000 | -8,125,000 | -8,125,000 | -46,673,000 | -3,625,000 | 5,181,000 | -20,932,000 | -20,932,000 | -1,444,000 | -9,657,000 | 6,707,000 | -19,924,000 | -19,924,000 | 0 | -5,947,000 | -2,937,000 | -3,720,000 | -13,475,000 | 3,279,000 | 1,679,000 | -4,943,000 | -4,943,000 | -14,715,000 | -477,000 | -1,405,000 | -4,830,000 | -4,830 | -9,819,000 | -569,000 | -85,000 | -3,211,000 | -3,211,000 | -10,603,000 | 0 | 0 | -1,209,000 | -1,616,000 | -3,369,000 | 83,000 | 0 | -1,129,000 | -2,081,000 | -1,661,000 | -1,285,000 | 0 | -1,468,000 | -2,081,000 | -3,974,000 | 0 | 0 | -1,468,000 | -1,468,000 |
free cash flows | -20,383,000 | 5,224,000 | 142,441,000 | 4,012,000 | 14,927,000 | 7,123,000 | 105,711,000 | 105,711,000 | 137,429,000 | 12,758,000 | 6,981,000 | 25,029,000 | 25,029,000 | 35,441,000 | -6,703,000 | 17,682,000 | -33,586,000 | -33,586,000 | 61,362,000 | -23,457,000 | 408,000 | 14,768,000 | 110,060,000 | -67,192,000 | 6,610,000 | 40,084,000 | 40,084,000 | 98,776,000 | -1,584,000 | 701,000 | 30,244,000 | 30,244 | 78,283,000 | -230,000 | 2,404,000 | 21,568,000 | 21,568,000 | 61,979,000 | 10,749,000 | 20,576,000 | -2,134,000 | 14,781,000 | 26,734,000 | -761,000 | 0 | 10,185,000 | -2,662,000 | 21,082,000 | 5,402,000 | 4,151,000 | -371,000 | -2,662,000 | -6,586,000 | -2,507,000 | -2,835,000 | -371,000 | -371,000 |
reconciliation of net cash from operating activities to free cash flow excluding deviantart acquisition costs | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deviantart acquisition costs | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
free cash flow excluding deviantart acquisition costs | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
reconciliation of projected revenues to projected collections | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in accrued expenses and other current liabilities | -6,843,000 | -184,000 | -507,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
other | 3,000 | -6,000 | 3,000 | 3,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of ordinary shares in ipo | -130,000 | -130,000 | -130,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
effect of exchange rate change on cash and cash equivalents | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
effect of exchange rate changes on cash and cash equivalents | -167,000 | 179,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
share-based compensation expenses related to warrants granted in connection with credit line | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from exercise of options | 750,000 | 31,000 | 31,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from credit line utilization | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
f/x impact on q1/15 using q1/14 rates | 3,739,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
collections excluding fx impact | 59,608,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
y/y% | 59,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
f/x impact on q1/15 using q4/14 rates | 1,829,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
q/q% | 17,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
share based compensation expenses related to warrants granted in connection with credit line | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from short-term and long-term deposits | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment in short-term and long-term deposits | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
credit line utilization | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of property and equipment | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from short-term deposits | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment in short-term deposits | -18,600,000 | -18,600,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from restricted deposits | 602,000 | 602,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment in restricted deposits | -246,000 | -246,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment in long-term deposits | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of appixia | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquistion of appixia | -1,230,000 | -1,230,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
effect of exchange rate changes on cash and equivalents | 179,000 | 179,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
compensation expenses related to warrants granted in connection with credit line | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale property and equipment |

