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CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2024
Dec. 31, 2023
CURRENT ASSETS:    
Cash and cash equivalents $ 660,939,000 $ 609,622,000
Short-term deposits 106,844,000 212,709,000
Restricted deposits 773,000 2,125,000
Marketable securities 338,593,000 140,563,000
Trade receivables 44,674,000 57,394,000
Prepaid expenses and other current assets 128,577,000 47,792,000
Total current assets 1,280,400,000 1,070,205,000
LONG-TERM ASSETS:    
Prepaid expenses and other long-term assets 27,021,000 34,296,000
Property and equipment, net 128,155,000 136,928,000
Marketable securities 6,135,000 64,806,000
Intangible assets, net 22,141,000 28,010,000
Goodwill 49,329,000 49,329,000
Operating lease right-of-use assets 399,861,000 420,562,000
Total long-term assets 632,642,000 733,931,000
TOTAL ASSETS 1,913,042,000 1,804,136,000
CURRENT LIABILITIES:    
Trade payables 47,077,000 38,305,000
Employees and payroll accruals 143,131,000 56,581,000
Deferred revenues 661,171,000 592,608,000
Current portion of convertible notes, net 572,880,000 0
Accrued expenses and other current liabilities 63,246,000 76,556,000
Operating lease liabilities 27,907,000 24,981,000
Total current liabilities 1,515,412,000 789,031,000
LONG-TERM LIABILITIES:    
Convertible Notes Payable, Noncurrent 0 569,714,000
Deferred revenues 89,271,000 83,384,000
Deferred tax liabilities 1,965,000 7,167,000
Other long-term liabilities 16,021,000 7,699,000
Operating lease liabilities 369,159,000 401,626,000
Total long-term liabilities 476,416,000 1,069,590,000
Total liabilities 1,991,828,000 1,858,621,000
Commitments and contingencies 0 0
SHAREHOLDERS' DEFICIENCY:    
Ordinary shares of NIS 0.01 par value - Authorized: 500,000,000 shares at December 31, 2024 and 2023; Issued 64,718,465 and 62,189,407 shares at December 31, 2024 and 2023, respectively; Outstanding: 56,107,932 and 57,172,595 shares at December 31, 2024 and 2023, respectively 107,000 110,000
Additional paid-in capital 1,840,574,000 1,539,952,000
Treasury shares at cost, 8,610,533 ordinary shares as of December 31, 2024 and 5,016,812 as of December 31, 2023 (1,025,167,000) (558,875,000)
Accumulated other comprehensive income 7,242,000 4,192,000
Accumulated deficit (901,542,000) (1,039,864,000)
Total shareholders' deficiency (78,786,000) (54,485,000)
TOTAL LIABILITIES AND SHAREHOLDERS' DEFICIENCY $ 1,913,042,000 $ 1,804,136,000
Common stock, par or stated value per share (in USD per share) $ 0.01 $ 0.01
Common stock, shares authorized (in shares) 500,000,000 500,000,000
Treasury Stock, Common, Shares 8,610,533 5,016,812