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FAIR VALUE MEASURMENTS
 12 Months Ended
Dec. 31, 2024
Fair Value Disclosures [Abstract]  
FAIR VALUE MEASURMENTS
NOTE 18:-
FAIR VALUE MEASURMENTS
 
The Company measured the Holdback Amount fair value by multiplying the closing market share price of the Company in the held-back number of ordinary shares and classified it within Level 1. Hedging contracts are classified within Level 2 as the valuation inputs are based on quoted prices and market observable data of similar instruments. The Earn-Out Consideration is classified within Level 3, as this liability is valued using valuation techniques.
 
In 2022, the Company invested in the convertible debt of a Canadian company. The Company elected to measure the convertible debt at fair value with changes in fair value recognized in financial income (expenses), net in the consolidated statement of income (loss). The fair value of the convertible debt is classified within Level 2 as the valuation inputs are based on quoted prices and market observable data of similar instruments. As of December 31, 2024 and 2023 the fair value of the convertible debt was determined to be zero. The Company recorded loss in the amount of $1,401 for the year ended December 31, 2023, related to revaluation of the convertible debt. 
 
   
December 31, 2024
  
   
Fair value measurements using input type
  
   
Level 1
    
Level 2
    
Level 3
    
Total
  
Assets:
                        
Derivative assets
    
-
      
1,068
      
-
      
1,068
  
                                 
Total financial assets
  
$
-
    
$
1,068
    
$
-
    
$
1,068
  
                                 
Liabilities:
                                
Holdback Amount
    
800
      
-
      
-
      
800
  
Earn-Out Consideration
    
-
      
-
      
9,018
      
9,018
  
                                 
Total financial liabilities
  
$
800
    
$
-
    
$
9,018
    
$
9,818
  
 
   
December 31, 2023
  
   
Fair value measurements using input type
  
   
Level 1
    
Level 2
    
Level 3
    
Total
  
Assets:
                        
Derivative assets
    
-
      
680
      
-
      
680
  
                                 
Total financial assets
  
$
-
    
$
680
    
$
-
    
$
680
  
                                 
Liabilities:
                                
Holdback Amount
    
795
      
-
      
-
      
795
  
Earn-Out Consideration
    
-
      
-
      
10,826
      
10,826
  
                                 
Total financial liabilities
  
$
795
    
$
-
    
$
10,826
    
$
11,621
  

 

The table below presents the changes in the Earn-Out Consideration which was classified as  Level 3 and measured at fair value on a recurring basis, in the year ended December 31, 2024:
 
Fair value at the beginning of the year
  
$
10,826
  
Income from changes in fair value
    
(1,808
)
Fair value at the end of the year
  
$
9,018
  
 
The Company estimated the fair value of the Earn-out Consideration by utilizing a Monte Carlo simulation. The significant assumptions used in the model mainly relate to the projected revenues and adjusted EBITDA in the forecasted years, including revenue growth rate range of 13.0%-15.8% and adjusted EBITDA margin range of 13.7%-16.2%. Changes in the Earn-out Consideration fair value are recorded in the consolidated statements of income (loss) under Other operating expenses (income), net.