Lifeward Ltd.
For the period ended Dec 31, 2025. Filed Mar 18, 2026.
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FY2025 · Filed Mar 18, 2026
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Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
| Year ended December 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Cash flows used in operating activities: | |||
| Net loss | $(19,914) | $(28,942) | $(22,133) |
| Adjustments to reconcile net loss to net cash used in operating activities: | |||
| Depreciation | 333 | 494 | 239 |
| Amortization of intangible assets | - | 3,347 | 1,608 |
| Impairment of intangible and tangible assets | 2,783 | 9,794 | - |
| Share-based compensation | 743 | 1,281 | 1,328 |
| Remeasurement of earnout liability | (608) | (2,684) | (315) |
| Accrued interest | 442 | - | (11) |
| Change in fair value of derivative liability | (197) | - | - |
| Exchange rate fluctuations | (110) | (34) | (45) |
| Changes in assets and liabilities: | |||
| Trade receivables, net | (134) | (2,884) | (311) |
| Prepaid expenses and other assets | 192 | 188 | (656) |
| Operating lease right-of-use assets | 439 | 1,195 | 125 |
| Inventories | 896 | (920) | (277) |
| Trade payables | (347) | (47) | 1,037 |
| Employees and payroll accruals | 110 | (702) | (14) |
| Deferred revenues | (419) | (438) | (269) |
| Operating lease liabilities | (731) | (1,216) | (144) |
| Other liabilities | (304) | (150) | (829) |
| Net cash used in operating activities | (16,826) | (21,718) | (20,667) |
| Cash flows used in investing activities: | |||
| Acquisition of a business, net of cash acquired | - | - | (18,068) |
| Purchase of property and equipment | (16) | - | (81) |
| Net cash used in investing activities | (16) | - | (18,149) |
| Cash flows used in financing activities: | |||
| Issuance of ordinary shares in a Registered Direct offering, net of issuance expenses in the amount of $558 (1) | 4,442 | - | - |
| Issuance of ordinary shares under at-the-market offering, net of issuance costs of $192 (1) | 2,578 | - | - |
| Issuance of ordinary shares in a public offering, net of issuance expenses in the amount of $432 (1) | 2,183 | - | - |
| Purchase of treasury shares | - | - | (992) |
| Proceeds from short term loan | 1,437 | - | - |
| Proceeds from bifurcated embedded derivatives | 1,563 | - | - |
| Net cash provided by (used in) financing activities | 12,203 | - | (992) |
| Effect of Exchange rate changes on Cash, Cash Equivalents and Restricted Cash | 110 | 34 | 45 |
| Decrease in cash, cash equivalents, and restricted cash | (4,529) | (21,684) | (39,763) |
| Cash, cash equivalents, and restricted cash at beginning of period | 7,108 | 28,792 | 68,555 |
| Cash, cash equivalents, and restricted cash at end of period | $2,579 | $7,108 | $28,792 |
(1) See Note 8b to the condensed consolidated financial statements.
F - 8
CONSOLIDATED STATEMENTS OF CASH FLOWS
| Year ended December 31, | |||||
|---|---|---|---|---|---|
| 2025 · 2024 · 2023 | |||||
| Supplemental disclosures of non-cash flow information | |||||
| Classification of inventory to property and equipment, net | $35 | $404 | $481 | ||
| Expenses related to offerings not yet paid (1) | $473 | $ | - | $ | - |
| ROU assets obtained from lease liabilities | $1,435 | $193 | $513 | ||
| Supplemental disclosures of cash flow information: | |||||
| Cash paid (received) for income taxes | $36 | $(7) | $126 | ||
| Cash received from interest | $81 | $654 | 1,341 | ||
| Reconciliation of cash, cash equivalents and restricted cash as shown in the consolidated statements of cash flows | |||||
| Cash and cash equivalents | $2,169 | $6,746 | $28,083 | ||
| Restricted cash | $410 | $362 | $709 | ||
| Total Cash, cash equivalents, and restricted cash | $2,579 | $7,108 | $28,792 | ||
(1) See Note 8b to the condensed consolidated financial statements
F - 9
**LIFEWARD LTD. AND SUBSIDIARIES
Notes to Consolidated Financial Statements
U.S. dollars in thousands
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