Skip to main content

Allot Ltd.

For the period ended Dec 31, 2025. Filed Mar 26, 2026.

View on SEC.gov

About this filing

The yearly report of a company based outside the US. It covers much of what a 10-K does, and may follow accounting rules other than US ones.

FY2025 · Filed Mar 26, 2026

ALLT$8.56+4.6%Stored close · as of Nov 6, 2026
See the whole filing, with its images and exhibits
Contents

Cover page

Show cover page

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 20-F

(Mark One)

☐REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934

OR

For the fiscal year ended December 31,2025

OR

☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

OR

☐SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

Date of event requiring this shell company report..........................................

For the transition period from ____________ to ____________

Commission File Number 001-33129

(Exact Name of Registrant as specified in its charter)

N/A

(Translation of Registrant’s name into English)

ISRAEL

(Jurisdiction of incorporation or organization)

22 Hanagar Street

Neve Ne’eman Industrial Zone B

Hod-Hasharon 4501317

Israel

(Address of principal executive offices)

Inbar Charash, Adv.

VP Legal Affairs & General Counsel

Allot Ltd

22 Hanagar Street

Neve Ne’eman Industrial Zone B

Hod-Hasharon 4501317, Israel

Tel/Fax: +972 (9) 762-8419

(Name, Telephone, E-mail and/or Facsimile number and Address of Company Contact Person)

Securities registered or to be registered pursuant to Section 12(b) of the Act:

Title of each classTrading Symbol(s)Name of each exchange on which registered
Ordinary Shares, par value ILS 0.10 per shareALLTThe Nasdaq Stock Market, LLC

Securities registered or to be registered pursuant to Section 12(g) of the Act: None

Securities for which there is a reporting obligation pursuant to Section 15(d) of the Act: None

Indicate the number of outstanding shares of each of the issuer’s classes of capital stock or ordinary shares as of December 31, 2025:

48,645,282 ordinary shares, ILS 0.10 par value per share

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.

Yes ☐No ☒

If this report is an annual or transition report, indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.

Yes ☐No ☒

Note - Checking the box above will not relieve any registrant required to file reports pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 from their obligations under those Sections.

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).

Yes ☒ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or an emerging growth company. See definition of “large accelerated filer,” “accelerated filer,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer ☐Accelerated filer ☒Non-accelerated filer ☐
Emerging growth company ☐

If an emerging growth company that prepares its financial statements in accordance with U.S. GAAP, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards† provided pursuant to Section 13(a) of the Exchange Act. ☐

† The term “new or revised financial accounting standard” refers to any update issued by the Financial Accounting Standards Board to its Accounting Standards Codification after April 5, 2012.

Indicate by check mark whether the registrant has filed a report on the attestation to its management’s assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report.☒

If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an error to previously issued financial statements.☐

Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive- based compensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b).☐

Indicate by check mark which basis of accounting the registrant has used to prepare the financial statements included in this filing:

U.S. GAAP ☒International Financial Reporting Standards as issued by the International Accounting Standards Board ☐Other ☐

If “Other” has been checked in response to the previous question, indicate by check mark which financial statement item the registrant has elected to follow.

Item 17 ☐ Item 18 ☐

If this is an annual report, indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

Yes ☐ No☒

TABLE OF CONTENTS

PART I6
ITEM 1: Identity of Directors, Senior Management and Advisers6
ITEM 2: Offer Statistics and Expected Timetable6
ITEM 3: Key Information6
A. [Reserved]6
B. Capitalization and Indebtedness6
C. Reasons for Offer and Use of Proceeds6
D. Risk Factors6
ITEM 4: Information on Allot32
A. History and Development of Allot32
B. Business Overview33
C. Organizational Structure44
D. Property, Plant and Equipment44
ITEM 4A: Unresolved Staff Comments44
ITEM 5: Operating and Financial Review and Prospects45
A. Operating Results45
B. Liquidity and Capital Resources52
C. Research and Development, Patents and Licenses54
D. Trend Information55
E. Critical Accounting Estimates55
ITEM 6: Directors, Senior Management and Employees57
A. Directors and Senior Management57
B. Compensation of Officers and Directors60
C. Board Practices64
D. Employees*70
E. Share Ownership71
ITEM 7: Major Shareholders and Related Party Transactions73
A. Major Shareholders73
B. Related Party Transactions74
C. Interests of Experts and Counsel75
ITEM 8: Financial Information75
A. Consolidated Financial Statements and Other Financial Information.75
B. Significant Changes76
ITEM 9: The Offer and Listing76
ITEM 10: Additional Information76
A. Share Capital76
B. Memorandum and Articles of Association76
C. Material Contracts81
D. Exchange Controls81
E. Taxation81
F. Dividends and Paying Agents93
G. Statement by Experts93
H. Documents on Display93
I. Subsidiary Information93
ITEM 11: Quantitative and Qualitative Disclosures About Market Risk94
ITEM 12: Description of Securities Other Than Equity Securities95
PART II95
ITEM 13: Defaults, Dividend Arrearages and Delinquencies95
ITEM 14: Material Modifications to the Rights of Security Holders and Use of Proceeds95
A. Material Modifications to the Rights of Security Holders95
B. Use of Proceeds95
ITEM 15: Controls and Procedures95
ITEM 16: Reserved96
ITEM 16A: Audit Committee Financial Expert96
ITEM 16B: Code of Ethics96
ITEM 16C: Principal Accountant Fees and Services97
ITEM 16D: Exemptions from the Listing Standards for Audit Committees97
ITEM 16E: Purchase of Equity Securities by the Company and Affiliated Purchasers98
ITEM 16F: Change in Registrant’s Certifying Accountant98
ITEM 16G: Corporate Governance98
ITEM 16H: Mine Safety Disclosure98
ITEM 16I: Disclosure Regarding Foreign Jurisdictions that Prevent Inspections98
ITEM 16J: Insider Trading Policies99
ITEM 16K: Cybersecurity99
PART III100
ITEM 17: Financial Statements100
ITEM 18: Financial Statements100
ITEM 19: Exhibits101

PRELIMINARY NOTES

Terms

As used herein, and unless the context suggests otherwise, the terms “Allot,” “Company,” “we,” “us” or “ours” refer to Allot Ltd.

Cautionary Note Regarding Forward-Looking Statements

In addition to historical facts, this annual report on Form 20-F contains forward-looking statements within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended (the “Securities Act”), Section 21E of the U.S. Securities Exchange Act of 1934, as amended (the “Exchange Act”), and the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. We have based these forward-looking statements on our current expectations and projections about future events. Forward-looking statements include information concerning our possible or assumed future results of operations, business strategies, financing plans, competitive position, industry environment, potential growth opportunities, potential market opportunities and the effects of competition. Forward-looking statements include all statements that are not historical facts and can be identified by terms such as “anticipates,” “believes,” “could,” “seeks,” “estimates,” “expects,” “intends,” “may,” “plans,” “potential,” “predicts,” “projects,” “should,” “will,” “forecast,” “would” or similar expressions that convey uncertainty of future events or outcomes and the negatives of those terms. These statements include but are not limited to:

•statements regarding competitive pressures;
•statements regarding expected revenue growth and profitability;
•statements regarding future expansion of and strategy for our SECaaS business;
•statements regarding expected tax benefits;
•statements regarding new market and technology trends, including the need to manage mobile network traffic and cloud computing, among others;
•statements regarding our ability to develop technologies to meet our customer demands and expand our product and service offerings, including introducing innovative products;
•statements regarding artificial intelligence and its use;
•statements regarding the acceptance and growth of our services by our customers;
•statements regarding the expected growth in the use of particular broadband applications;
•statements as to our ability to meet anticipated cash needs based on our current business plan;
•statements as to the impact of the rate of inflation, tariffs (and related retaliatory measures) and the global and local political and security situation on our business;
•statements regarding the price and market liquidity of our ordinary shares;
•statements as to our ability to retain our current suppliers and subcontractors; and
•statements regarding our future performance, sales, gross margins, expenses (including share-based compensation expenses) and cost of revenues.

These statements may be found in the sections of this annual report on Form 20-F entitled “ITEM 3: Key Information-Risk Factors,” “ITEM 4: Information on Allot,” “ITEM 5: Operating and Financial Review and Prospects,” “ITEM 10: Additional Information-Taxation-United States Federal Income Taxation-Passive Foreign Investment Company Considerations” and elsewhere in this annual report, including the section of this annual report entitled “ITEM 4: Information on Allot-Business Overview-Overview” and “ITEM 4: Information on Allot-Business Overview-Industry Background,” which contain information obtained from independent industry sources. Actual results could differ materially from those anticipated in these forward-looking statements due to various factors, including all the risks discussed in “ITEM 3: Key Information-Risk Factors” and elsewhere in this annual report.

All forward-looking statements in this annual report reflect our current views about future events and are based on assumptions and are subject to risks and uncertainties that could cause our actual results to differ materially from future results expressed or implied by the forward-looking statements. Many of these factors are beyond our ability to control or predict. You should not put undue reliance on any forward-looking statements. Unless we are required to do so under U.S. federal securities laws or other applicable laws, we do not intend to update or revise any forward-looking statements.

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.