0001178913-24-001148 | 20-F | XBRL Viewer

Leases

12 Months Ended

Dec. 31, 2023

10.

Leases

The Company`s leases include offices worldwide, as well as car leases, which are all classified as operating leases. Certain leases include renewal options that are under the Company`s sole discretion. The renewal options were included in the ROU and liability calculation if it was reasonably certain that the Company will exercise the option.

For short-term leases with a term of 12 months or less, operating lease ROU assets and liabilities are not recognized and the Company records lease payments in the Consolidated Statements of Operations on a straight-line basis over the lease term.

The components of lease expense and supplemental cash flow information related to leases for the years ended December 31, 2021, 2022 and 2023 were as follows:

	Year ended December 31,
	2021		2022		2023

Components of lease expenses
Operating lease cost	$	1,406	$	3,318	$	3,833
Short-term lease	$	51	$	462	$	861
Total lease expenses	$	1,457	$	3,780	$	4,694

	Year ended December 31,
	2021		2022		2023

Supplemental cash flow information
Cash paid for amounts included in the measurement of lease liabilities	$	1,015	$	2,212	$	3,391

Supplemental non-cash information related to lease liabilities from obtaining ROU assets	$	17,329	$	2,862	$	6,565

For the year ended December 31, 2022 and 2023, the weighted average remaining lease term is 8.04 and 6.88 years, respectively and the weighted average discount rate is 3.82 percent and 4.16 percent, respectively. The discount rate was determined based on the estimated collateralized borrowing rate of the Company, adjusted to the specific lease term and location of each lease.

Maturities of lease liabilities as of December 31, 2023 were as follows:

	December 31, 2023
	(in thousands)

Year Ending December 31,
2024	$	4,104
2025		3,869
2026		3,905
2027		3,816
2028		3,717
Thereafter		7,240
Total operating lease payments	$	26,651
Less: imputed interest		3,329
Total	$	23,322

Leases (Details 2) $ in Thousands	Dec. 31, 2023 USD ($)
Leases [Abstract]
2024	$ 4,104
2025	3,869
2026	3,905
2027	3,816
2028	3,717
Thereafter	7,240
Total operating lease payments	26,651
Less: imputed interest	3,329
Total	$ 23,322

Shareholders' Equity and Equity incentive Plan (Tables)

12 Months Ended

Dec. 31, 2023

Convertible Preferred Shares, Shareholders’ Deficit And Equity Incentive Plan [Abstract]

Schedule of share option activity of equity incentive plan

	Options Outstanding
	Outstanding Share Options			Weighted-Average Exercise Price		Weighted-Average Remaining Contractual Life (Years)		Aggregate Intrinsic Value
	(in thousands, except share, life and per share data)

Balance as of December 31, 2022		9,054,293		$	2.38		6.20	$	165,347
Granted		-
Exercised		(1,258,511	)	$	1.24			$	48,312
Forfeited		(34,125	)	$	2.07
Balance as of December 31, 2023		7,761,657		$	2.56		5.44	$	287,694
Exercisable as of December 31, 2023		7,368,603		$	2.47		5.37	$	294,894

Schedule of restricted stock unit activity

	Amount of RSU’s			Weighted average grant date fair value

Unvested as of December 31, 2022		1,348,682		$	36.18
Granted		1,515,673			28.55
Vested		(757,613	)		34.38
Forfeited		(149,685	)		30.08

Unvested as of December 31, 2023		1,957,057		$	31.15

Schedule of share-based compensation expense

	Year Ended December 31,
	2021		2022		2023
	(in thousands)

Cost of revenue	$	85	$	262	$	639
Research and development		4,192		21,970		26,266
Sales and marketing		1,287		3,877		4,259
General and administrative		6,437		12,800		13,796
Total share-based compensation expense	$	12,001	$	38,909	$	44,960

Schedule of ordinary shares reserved for future issuance

	December 31,
	2022		2023

Outstanding share options		9,054,293		7,761,657
Unvested RSU’s		1,348,682		1,957,057
Remaining shares available for future issuance under the Incentive Plan		19,705,622		18,370,826

Total shares of Ordinary Shares reserved		30,108,597		28,089,540

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 200,081	$ 165,033
Short-term deposits	96,939	46,353
Accounts receivable (net of allowance for credit losses of $724 and $681 as of December 31, 2022 and 2023, respectively)	27,841	16,424
Prepaid expenses and other current assets	63,967	51,904
Marketable securities	20,403	16,813
Funds receivable, including cash in banks	111,232	78,125
Total current assets	520,463	374,652
Property and equipment, net	10,236	10,283
Operating lease right-of-use assets	23,052	19,718
Long term deposits	3,552	3,225
Deferred contract acquisition and fulfillment costs, noncurrent	2,668	1,825
Deferred tax assets	0	171
Other assets, noncurrent	4,078	3,739
Commercial agreement asset	192,721	282,963
Goodwill	367,566	367,566
Intangible assets	78,024	98,458
Total long-term assets	681,897	787,948
Total assets	1,202,360	1,162,600
Current liabilities:
Accounts payable (including related party payables of $30,809 and $31,520 as of December 31, 2022 and 2023, respectively)	50,943	52,220
Accrued expenses and other current liabilities (including related party payables of $5,719 and $6,892 as of December 31, 2022 and 2023, respectively)	107,306	75,990
Funds payable to Customers	111,232	78,125
Short term operating lease liabilities	4,031	3,245
Total current liabilities	273,512	209,580
Long-term liabilities:
Deferred tax liabilities, net	6,507	6,558
Long term operating lease liabilities	19,291	16,579
Other long-term liabilities	1,071	1,762
Total liabilities	300,381	234,479
Shareholders’ equity:
Ordinary Shares, with no par value, 300,000,000 and 300,000,000 shares authorized as of December 31, 2022 and 2023, respectively; 161,316,543 and 165,773,914, shares issued and outstanding as of December 31, 2022 and 2023, respectively;	0	0
Additional paid-in capital	1,360,250	1,253,093
Accumulated comprehensive loss	(1,420)	(1,926)
Accumulated deficit	(456,851)	(323,046)
Total shareholders’ equity	901,979	928,121
Total liabilities, and shareholders’ equity	$ 1,202,360	$ 1,162,600

CONSOLIDATED STATEMENTS OF COMREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Statement of Comprehensive Income [Abstract]
Net loss	$ (133,805)	$ (195,405)	$ (74,933)
Other comprehensive income:
Unrealized gain (loss) on available-for-sale marketable securities, net	506	(1,767)	(270)
Other comprehensive income (loss)	506	(1,767)	(270)
Comprehensive loss	$ (133,299)	$ (197,172)	$ (75,203)

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(ii))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 323
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481687/323-10-50-3

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 28
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482907/825-10-50-28

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482765/220-10-50-6

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483443/250-10-50-3

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483443/250-10-50-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480175/815-40-65-1

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 8
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483443/250-10-50-8

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483443/250-10-50-9

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483443/250-10-50-11

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483443/250-10-50-11

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483443/250-10-50-4

Reference 13: http://www.xbrl.org/2003/role/exampleRef
-Topic 946
-SubTopic 830
-Name Accounting Standards Codification
-Section 55
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480167/946-830-55-10

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section 45
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483581/946-220-45-7

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(18))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483586/944-220-S99-1

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-22

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(9))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483575/946-220-S99-1

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.6-09(1)(d))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483575/946-220-S99-3

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(i))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A

Reference 20: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(ii))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iii)(A))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iv))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(5))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(i))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B

Reference 25: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iii)(A))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B

Reference 26: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iii)(B))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B

Reference 27: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iv))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B

Reference 28: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(5))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B

Reference 29: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 30
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-30

Reference 30: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

Reference 31: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 60B
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482689/260-10-45-60B

Reference 32: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 31
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-31

Reference 33: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

Reference 34: http://www.xbrl.org/2003/role/disclosureRef
-Topic 205
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483499/205-20-50-7

Reference 35: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 230
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 28
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482740/230-10-45-28

Reference 36: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 1A
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482790/220-10-45-1A

Reference 37: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 1B
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482790/220-10-45-1B

Reference 38: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(20))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2

Reference 39: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 942
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(22))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483589/942-220-S99-1

+ Details

Summary of Significant Accounting Policies (Details 9) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Unrealized loss (gain) on foreign currency	$ (1,901)	$ 7,843	$ 2,403
Net cash provided by operating activities	108,222	89,328	18,151
Exchange rate differences on balances of cash, cash equivalents and restricted cash	$ 1,901	(7,843)	(2,403)
Previously Reported [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Unrealized loss (gain) on foreign currency		0	0
Net cash provided by operating activities		81,485	15,748
Exchange rate differences on balances of cash, cash equivalents and restricted cash		0	0
Revision of Prior Period, Adjustment [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Unrealized loss (gain) on foreign currency		(7,843)	(2,403)
Net cash provided by operating activities		7,843	2,403
Exchange rate differences on balances of cash, cash equivalents and restricted cash		$ (7,843)	$ (2,403)

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 405
-SubTopic 50
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147477123/405-50-65-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 13
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482477/820-10-65-13

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 13
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482477/820-10-65-13

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 326
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 5
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479654/326-10-65-5

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 326
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 5
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479654/326-10-65-5

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 326
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 5
-Subparagraph (b)(1)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479654/326-10-65-5

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 326
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 5
-Subparagraph (c)(2)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479654/326-10-65-5

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 20
-Name Accounting Standards Codification
-Section 65
-Paragraph 6
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480528/815-20-65-6

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 20
-Name Accounting Standards Codification
-Section 65
-Paragraph 6
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480528/815-20-65-6

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 20
-Name Accounting Standards Codification
-Section 65
-Paragraph 6
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480528/815-20-65-6

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 20
-Name Accounting Standards Codification
-Section 65
-Paragraph 6
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480528/815-20-65-6

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 20
-Name Accounting Standards Codification
-Section 65
-Paragraph 6
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480528/815-20-65-6

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 20
-Name Accounting Standards Codification
-Section 65
-Paragraph 6
-Subparagraph (h)(1)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480528/815-20-65-6

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 20
-Name Accounting Standards Codification
-Section 65
-Paragraph 6
-Subparagraph (h)(1)(i)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480528/815-20-65-6

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 20
-Name Accounting Standards Codification
-Section 65
-Paragraph 6
-Subparagraph (h)(1)(iii)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480528/815-20-65-6

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 20
-Name Accounting Standards Codification
-Section 65
-Paragraph 6
-Subparagraph (h)(1)(iv)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480528/815-20-65-6

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 20
-Name Accounting Standards Codification
-Section 65
-Paragraph 6
-Subparagraph (i)(2)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480528/815-20-65-6

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 20
-Name Accounting Standards Codification
-Section 65
-Paragraph 6
-Subparagraph (i)(3)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480528/815-20-65-6

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 832
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483482/832-10-65-1

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 832
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483482/832-10-65-1

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 65
-Paragraph 3
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479845/805-20-65-3

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 65
-Paragraph 3
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479845/805-20-65-3

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 65
-Paragraph 3
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479845/805-20-65-3

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 842
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 5
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479832/842-10-65-5

Reference 25: http://www.xbrl.org/2003/role/disclosureRef
-Topic 842
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 5
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479832/842-10-65-5

Reference 26: http://www.xbrl.org/2003/role/disclosureRef
-Topic 842
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 5
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479832/842-10-65-5

Reference 27: http://www.xbrl.org/2003/role/disclosureRef
-Topic 842
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 5
-Subparagraph (d)(1)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479832/842-10-65-5

Reference 28: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480175/815-40-65-2

Reference 29: http://www.xbrl.org/2003/role/disclosureRef
-Topic 848
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483550/848-10-65-2

Reference 30: http://www.xbrl.org/2003/role/disclosureRef
-Topic 848
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (a)(1)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483550/848-10-65-2

Reference 31: http://www.xbrl.org/2003/role/disclosureRef
-Topic 848
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (a)(2)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483550/848-10-65-2

Reference 32: http://www.xbrl.org/2003/role/disclosureRef
-Topic 848
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (a)(3)(iii)(01)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483550/848-10-65-2

Reference 33: http://www.xbrl.org/2003/role/disclosureRef
-Topic 848
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (a)(3)(iii)(03)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483550/848-10-65-2

Reference 34: http://www.xbrl.org/2003/role/disclosureRef
-Topic 105
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 6
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479343/105-10-65-6

Reference 35: http://www.xbrl.org/2003/role/disclosureRef
-Topic 105
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 6
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479343/105-10-65-6

Reference 36: http://www.xbrl.org/2003/role/disclosureRef
-Topic 105
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 6
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479343/105-10-65-6

Reference 37: http://www.xbrl.org/2003/role/disclosureRef
-Topic 105
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 6
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479343/105-10-65-6

Reference 38: http://www.xbrl.org/2003/role/disclosureRef
-Topic 105
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 6
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479343/105-10-65-6

Reference 39: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480016/944-40-65-2

Reference 40: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480016/944-40-65-2

Reference 41: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480016/944-40-65-2

Reference 42: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (f)(1)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480016/944-40-65-2

Reference 43: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (f)(2)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480016/944-40-65-2

Reference 44: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (g)(1)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480016/944-40-65-2

Reference 45: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (g)(2)(i)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480016/944-40-65-2

Reference 46: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (g)(2)(ii)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480016/944-40-65-2

Reference 47: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (g)(2)(iii)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480016/944-40-65-2

Reference 48: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (g)(2)(iv)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480016/944-40-65-2

Reference 49: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (h)(1)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480016/944-40-65-2

Reference 50: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (h)(2)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480016/944-40-65-2

Reference 51: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 5
-Subparagraph (SAB Topic 11.M.Q2)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480530/250-10-S99-5

Reference 52: http://www.xbrl.org/2003/role/disclosureRef
-Topic 326
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 4
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479654/326-10-65-4

Reference 53: http://www.xbrl.org/2003/role/disclosureRef
-Topic 326
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 4
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479654/326-10-65-4

Reference 54: http://www.xbrl.org/2003/role/disclosureRef
-Topic 326
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 4
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479654/326-10-65-4

Reference 55: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 8
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482615/740-10-65-8

Reference 56: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 8
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482615/740-10-65-8

Reference 57: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 8
-Subparagraph (d)(2)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482615/740-10-65-8

Reference 58: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 8
-Subparagraph (d)(3)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482615/740-10-65-8

Reference 59: http://www.xbrl.org/2003/role/disclosureRef
-Topic 326
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 4
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479654/326-10-65-4

Reference 60: http://www.xbrl.org/2003/role/disclosureRef
-Topic 326
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 4
-Subparagraph (e)(3)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479654/326-10-65-4

Reference 61: http://www.xbrl.org/2003/role/disclosureRef
-Topic 326
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 4
-Subparagraph (e)(4)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479654/326-10-65-4

Reference 62: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 15
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480336/718-10-65-15

Reference 63: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 15
-Subparagraph (f)(1)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480336/718-10-65-15

Reference 64: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 15
-Subparagraph (f)(2)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480336/718-10-65-15

Reference 65: http://www.xbrl.org/2003/role/disclosureRef
-Topic 926
-SubTopic 20
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483194/926-20-65-2

Reference 66: http://www.xbrl.org/2003/role/disclosureRef
-Topic 926
-SubTopic 20
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483194/926-20-65-2

Reference 67: http://www.xbrl.org/2003/role/disclosureRef
-Topic 926
-SubTopic 20
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483194/926-20-65-2

Reference 68: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483443/250-10-50-3

Reference 69: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483443/250-10-50-1

Reference 70: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)(3)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483443/250-10-50-1

Reference 71: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)(4)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483443/250-10-50-1

Reference 72: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)(2)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483443/250-10-50-1

Reference 73: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482635/260-10-55-15

Reference 74: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483421/250-10-45-6

Reference 75: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 6
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482833/825-10-65-6

Reference 76: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 6
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482833/825-10-65-6

Reference 77: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 6
-Subparagraph (c)(1)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482833/825-10-65-6

Reference 78: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 6
-Subparagraph (c)(2)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482833/825-10-65-6

Reference 79: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (a)(1)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480175/815-40-65-1

Reference 80: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (a)(2)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480175/815-40-65-1

Reference 81: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (a)(3)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480175/815-40-65-1

Reference 82: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (b)(1)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480175/815-40-65-1

Reference 83: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480175/815-40-65-1

Reference 84: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480175/815-40-65-1

Reference 85: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480175/815-40-65-1

Reference 86: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (e)(2)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480175/815-40-65-1

Reference 87: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (e)(3)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480175/815-40-65-1

Reference 88: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (e)(4)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480175/815-40-65-1

Reference 89: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480175/815-40-65-1

Reference 90: http://www.xbrl.org/2003/role/disclosureRef
-Topic 310
-SubTopic 20
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481925/310-20-65-2

Reference 91: http://www.xbrl.org/2003/role/disclosureRef
-Topic 310
-SubTopic 20
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481925/310-20-65-2

Reference 92: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480424/946-10-50-3

+ Details

Income Taxes

12 Months Ended

Dec. 31, 2023

Income Tax Disclosure [Abstract]

Income Taxes

11.	Income Taxes

Israeli taxation:

Industry Encouragement (Taxes) Law, 1969

In accordance with this status and by virtue of published regulations, the Company is entitled to claim a depreciation deduction at increased rates in respect of equipment used in industrial activity, as stipulated in regulations by virtue of the Adjustments Law. In addition, the Company is entitled to a reduction in respect of a patent or the right to utilize a patent or knowledge, used for the development or promotion of the plant, to deduct expenses for the issuance of shares listed on the stock exchange and to file a consolidated report under certain conditions.

Ordinary taxable income in Israel is subject to a corporate tax rate of 23%.

The Company has not received any final tax assessments since inception. As of December 31, 2023, the Company’s tax years until December 31, 2016 are subject to statutes of limitation in Israel.

	4.	The Company has net operating losses from prior tax periods which may be subjected to examination in future periods.

Measurement of taxable income in U.S. dollars:

The Company has elected to measure its taxable income and file its tax return under the Israeli Income Tax Regulations (Principles Regarding the Management of Books of Account of Foreign Invested Companies and Certain Partnerships and the Determination of Their Taxable Income), 1986. Accordingly, results for tax purposes are measured in terms of earnings in dollars.

Income taxes of non-Israeli subsidiaries:

Non-Israeli subsidiaries are taxed according to the tax laws in their respective countries of residence.

As of December 31, 2023, certain foreign subsidiaries of the Company had undistributed earnings of $25,585, which were designated as indefinitely reinvested. If these earnings were repatriated to Israel, it would be subject to income taxes and to an adjustment for foreign tax credits and foreign withholding taxes. The Company has estimated the amount of unrecognized deferred tax liability related to these earnings to be approximately $5,885.

The components of the net profit (loss) before the provision for income taxes were as follows:

	Year Ended December 31,
	2021			2022			2023
	(in thousands)

Israel		(83,028	)		(170,138	)		(120,835	)
Foreign		8,800			(31,279	)		(10,961	)

Total		(74,228	)		(201,417	)		(131,797	)

The provision for income taxes was as follows:

	Year Ended December 31,
	2021			2022			2023
	(in thousands)

Current:
Israel	$	-		$	-		$	-
Foreign	$	795		$	1,512		$	2,059

Total current income tax expense	$	795		$	1,512		$	2,059

Deferred:
Israel		-			-			-
Foreign		(90	)		(7,524	)		(51	)

Total deferred income tax (benefit) expense		(90	)		(7,524	)		(51	)

Total provision for income taxes	$	705		$	(6,012	)	$	2,008

Reconciliation of the theoretical tax expenses:

A reconciliation of the Company’s theoretical income tax expense to actual income tax expense is as follows:

	Year Ended December 31,
	2021			2022			2023
	(in thousands)

Theoretical income tax expense (benefit)		(17,072	)	$	(46,326	)	$	(30,313	)
Change in valuation allowance		26,822			43,134			28,471
Return to provision true ups		(2,490	)		395			884
Foreign tax rate differentials		(76	)		311			352
Shared Based Compensations non-deductible (taxable)		(8,148	)		(929	)		2,402
Non-deductible expenses		1,517			820			512
Tax rate change impact		-			(1,883	)		(139	)
Foreign exchange impact		273			874			(430	)
State Taxes		63			(316	)		170
Valuation allowance on acquisition balances		-			(3,482	)		-
R&D credits		-			-			(208	)
Other		(184	)		1,390			307

Total	$	705		$	(6,012	)	$	2,008

	f.	Deferred tax assets and liabilities: Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes.

The following table presents the significant components of the Company’s deferred tax assets and liabilities:

	December 31,
	2022			2023
	(in thousands)

Deferred tax assets:
Net operating loss carryforwards *)		75,766			88,395
Research and development expenses		9,186			21,056
Leasing liabilities		4,588			5,350
Accruals and reserves		848			460
Share-based compensation		7,758			8,902
Deferred IPO costs		346			-
R&D tax credits		351			351
Bad debt		157			149
Unrealized Losses from marketable securities		482			-
Gross deferred tax assets		99,482			124,663
Valuation allowance		(79,211	)		(107,682	)
Total deferred tax assets		20,271			16,981

Deferred tax liabilities:
Deferred contract acquisition costs		391			570
Leasing assets		4,570			4,944
Property and equipment		42			171
Intangibles		21,577			17,790
Other		78			13
Gross deferred tax liabilities		26,658			23,488

Deferred taxes assets (liabilities),net		(6,387	)		(6,507	)

*) Refer to note 8g.

A valuation allowance is provided when it is more likely than not that the deferred tax assets will not be realized. The Company has established a valuation allowance to offset the deferred tax assets at December 31, 2022 and 2023 due to the uncertainty of realizing future tax benefits from its net operating loss carryforwards and other deferred tax assets. The net change in the total valuation allowance for the year ended December 31, 2023 was a increase of $ 28,471.

As of December 31, 2023, the Company had approximately $301,013, $46,148 and $24,530 in net operating loss carryforwards in Israel, UK and US that can be carried forward indefinitely.

Uncertain tax position

The Company operates its business in various countries, and accordingly attempts to utilize an efficient operating model to structure its tax payments based on the laws in the countries in which the Company operates. This can cause disputes between the Company and various tax authorities in different parts of the world.

A reconciliation of the beginning and ending amount of unrecognized tax benefits related to uncertain tax positions is as follows:

	December 31,
	2022		2023
	(in thousands)

Beginning balance		19,389		53,670
Increases related to tax positions taken during the current year *)		34,281		-
Decrease related to tax positions taken during the current year		-		(53,670	)
Ending balance		53,670		-

*) As of December 31, 2022 unrecognized tax benefit in amount of $53.7 million was related to Net operating loss carryforwards for which the Company has recognized valuation allowance.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480990/946-20-50-13

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h)(2))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//740/tableOfContent

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-14

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-21

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 270
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482526/740-270-50-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 17
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-17

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB TOPIC 6.I.5.Q1)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479360/740-10-S99-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 11.C)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479360/740-10-S99-2

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482603/740-30-50-2

+ Details

Marketable Securities (Details 1) $ in Thousands	Dec. 31, 2023 USD ($)
Marketable Securities [Abstract]
Within one year	$ 3,477
After one year through five years	5,091
After 5 years through 10 years	2,695
After 10 years	918
marketable securities by contractual maturities, Total	$ 12,181

Leases (Details) - USD ($) $ in Thousands	12 Months Ended
Leases (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Components of lease expenses
Operating lease cost	$ 3,833	$ 3,318	$ 1,406
Short-term lease	861	462	51
Total lease expenses	$ 4,694	$ 3,780	$ 1,457

Shareholders' Equity and Equity incentive Plan (Details 3) - 2021 Plan - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Convertible Preferred Shares Shareholders Deficit And Equity Incentive Plan [Line Items]
Total share-based compensation expense	$ 44,960	$ 38,909	$ 12,001
Cost of revenue
Convertible Preferred Shares Shareholders Deficit And Equity Incentive Plan [Line Items]
Total share-based compensation expense	639	262	85
Research and development
Convertible Preferred Shares Shareholders Deficit And Equity Incentive Plan [Line Items]
Total share-based compensation expense	26,266	21,970	4,192
Sales and marketing
Convertible Preferred Shares Shareholders Deficit And Equity Incentive Plan [Line Items]
Total share-based compensation expense	4,259	3,877	1,287
General and administrative
Convertible Preferred Shares Shareholders Deficit And Equity Incentive Plan [Line Items]
Total share-based compensation expense	$ 13,796	$ 12,800	$ 6,437

Organization and Description of Business

12 Months Ended

Dec. 31, 2023

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Organization and Description of Business

1.	Organization and Description of Business

Global-E Online Ltd. was incorporated on February 21, 2013 under the laws of the state of Israel and commenced operations at that time.

The company and its subsidiaries (together, "Global-E", the "Company") offer a leading platform to enable and accelerate global, direct-to-consumer (“D2C”) e-commerce. The platform was purpose-built for international shoppers to buy seamlessly online and for merchants to sell from, and to, anywhere in the world. The Company’s platform localizes the shopper experience in effort to make international transactions as seamless as domestic ones. The platform increases the conversion of international traffic into sales by removing much of the complexity associated with international e-commerce. The platform provides an integrated solution that creates a localized and frictionless shopper experience and is simple to manage, flexible to adjust and smart in its local market insights and best practices. The vast capabilities of the Company’s end-to-end platform include interaction with shoppers in their native languages, market-adjusted pricing, payment options tailored to local market preferences, compliance with local consumer regulations and requirements such as customs duties and taxes, shipping services, after-sales support and returns management. These elements are unified under the Global-e platform to enhance the shopper experience and enable merchants to capture the global opportunity.

On January 3, 2022, the Company completed the acquisition of Flow Inc and its subsidiaries (“Flow”) (“Flow Acquisition”). Flow’s technology is a software solution for emerging brands to accelerate and optimize their global expansion and drive international sales in over 200 countries worldwide. The solution allows merchants to use the tools and services they need — whether it is localization, experience optimization, currency exchange, and payments, or Flow’s global infrastructure for shipping and tax and duty compliance. Flow was founded in 2015 and is based in Hoboken, NJ with a globally distributed workforce.

On July 1, 2022, the Company completed the acquisition of Borderfree Inc, Borderfree UK and Pitney Bowes Payco Ireland and their subsidiaries (“Borderfree”) (“Borderfree Acquisition”). Borderfree’s technology provides an end-to-end solution to individual retailers to facilitate international e-commerce transactions for consumer goods between such individual retailers and their consumers located in different countries, from initial consumer orders to the ultimate delivery to the consignee.

The Flow and Borderfree acquisitions were accounted for by the acquisition method of accounting, and, accordingly, the purchase price has been allocated according to the fair value of the assets acquired and liabilities assumed (See Note 6).

Property and Equipment, Net (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 14,643	$ 12,902
Less: accumulated depreciation and amortization	(4,407)	(2,619)
Property and equipment, net	10,236	10,283
Computer and software [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	3,176	2,637
Furniture and office equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	1,836	1,382
Leasehold improvements [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 9,631	$ 8,883

Goodwill and intangible assets, net (Details 3) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Finite-Lived Intangible Assets [Line Items]
Amortization expense of intangible assets	$ 20,434	$ 27,833	$ 0
Cost of revenue
Finite-Lived Intangible Assets [Line Items]
Amortization expense of intangible assets	11,183	9,743
Sales and marketing
Finite-Lived Intangible Assets [Line Items]
Amortization expense of intangible assets	$ 9,251	$ 18,090

Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2023

Fair Value Disclosures [Abstract]

Schedule of financial instruments measured at fair value on a recurring basis

	December 31, 2023
	Fair value measurements using input type
	Level 1		Level 2		Level 3		Total

Assets:
Mutual Funds	$	1,344	$	-	$	-	$	1,344
Government debentures		-		718				718
Corporate debentures		-		18,341				18,341

Total financials assets	$	1,344	$	19,059	$	-	$	20,403

Schedule of change in fair value of preferred share warrants liability

	December 31, 2022
	Fair value measurements using input type
	Level 1		Level 2		Level 3		Total

Assets:
Mutual Funds	$	1,258	$	-	$	-	$	1,258
Government debentures		-		789		-		789
Corporate debentures		-		14,766		-		14,766

Total financials assets	$	1,258	$	15,555	$	-	$	16,813

Prepaid expenses and other current assets (Tables)

12 Months Ended

Dec. 31, 2023

Prepaid Expense and Other Assets, Current [Abstract]

Schedule of prepaid expenses and other current assets

Prepaid expenses and other current assets consisted of the following:

	December 31,
	2022		2023
	(in thousands)

Indirect tax receivables and related prepaid expenses	$	43,293	$	46,802
Prepaid expenses		7,847		14,805
Other		764		2,360
Prepaid expenses and other current assets	$	51,904	$	63,967

Summary of Significant Accounting Policies (Details 4) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Concentration Risk [Line Items]
Revenue	$ 569,946	$ 409,049	$ 245,274
Percentage of revenue	100.00%	100.00%	100.00%
Service fees
Concentration Risk [Line Items]
Revenue	$ 262,255	$ 181,887	$ 96,659
Percentage of revenue	46.00%	44.00%	39.00%
Fulfillment services
Concentration Risk [Line Items]
Revenue	$ 307,692	$ 227,162	$ 148,615
Percentage of revenue	54.00%	56.00%	61.00%

- Definition

Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 924
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 11.L)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479941/924-10-S99-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-5

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 30
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-30

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 42
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-42

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-22

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 40
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-40

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-22

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 41
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-41

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-4

+ Details

Income Taxes (Details 3) - USD ($)
$ in Thousands

Dec. 31, 2023

Dec. 31, 2022

Deferred tax assets:

Net operating loss carryforwards

^[1]

$ 88,395

$ 75,766

Research and development expenses

21,056

9,186

Leasing liabilities

5,350

4,588

Accruals and reserves

460

848

Share-based compensation

8,902

7,758

Deferred IPO costs

346

R and D tax credits

351

Bad debt

149

157

Unrealized Losses from marketable securities

482

Gross deferred tax assets

124,663

99,482

Valuation allowance

(107,682)

(79,211)

Total deferred tax assets

16,981

20,271

Deferred tax liabilities:

Deferred contract acquisition costs

570

391

Leasing assets

4,944

4,570

Property and equipment

171

Intangibles

17,790

21,577

Other

Gross deferred tax liabilities

23,488

26,658

Net deferred taxes

$ (6,507)

$ (6,387)

[1]	Refer to note 8g.

Subsequent Events

12 Months Ended

Dec. 31, 2023

Subsequent Events [Abstract]

Subsequent Events [Text Block]

16. Subsequent Events

In March 2024, Shopify became entitled to the second performance-based vesting of 246,027 warrants to Ordinary Shares at the exercise price of $0.01 per share.

Income Taxes (Detail Textuals) - USD ($) $ in Thousands	12 Months Ended
Income Taxes (Detail Textuals) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Income Tax Disclosure [Line Items]
Undistributed earnings of foreign subsidiaries	$ 25,585
Unrecognized deferred tax liability	$ 5,885
Israel corporate tax rate	23.00%
Change in valuation allowance	$ 28,471
Unrecognized tax benefit	0	$ 53,670	$ 19,389
Israel [Member]
Income Tax Disclosure [Line Items]
Operating loss carryforwards	301,013
UNITED KINGDOM
Income Tax Disclosure [Line Items]
Operating loss carryforwards	46,148
UNITED STATES
Income Tax Disclosure [Line Items]
Operating loss carryforwards	$ 24,530

Summary of Significant Accounting Policies

12 Months Ended

Dec. 31, 2023

Accounting Policies [Abstract]

Summary of Significant Accounting Policies

2.	Summary of Significant Accounting Policies

Basis of Presentation

The accompanying consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and include the accounts of Global-E Online Ltd. and its wholly owned subsidiaries. All intercompany balances and transactions have been eliminated in consolidation.

Reclassifications

Certain prior period amounts have been reclassified in order to conform to the current period presentation.

Use of Estimates

The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenue and expenses during the reporting periods. Significant items subject to such estimates and assumptions include, but are not limited to, the allocation of transaction price among various performance obligations, the estimated customer life on deferred contract acquisition costs, the allowance for credit losses, the fair value of financial assets and liabilities; the fair value of acquired intangible assets and goodwill, the useful lives of acquired intangible assets and property and equipment, share-based compensation, until the Company’s IPO, including the determination of the fair value of the Company’s Ordinary Shares, and the valuation of deferred tax assets and uncertain tax positions. The Company bases these estimates on historical and anticipated results, trends and various other assumptions that it believes are reasonable under the circumstances, including assumptions as to future events. Actual results could differ from those estimates.

Foreign Currency

The functional currency of the Company is the U.S. dollar. Accordingly, foreign currency assets and liabilities are remeasured into U.S. dollars at the end-of-period exchange rates except for non-monetary assets and liabilities, which are measured at historical exchange rates. Revenue and expenses are remeasured each day at the exchange rate in effect on the day the transaction occurred or at the average exchange rate for the relevant period.

Concentration of Risks

Financial instruments that potentially subject the Company to a concentration of credit risk consist of cash and cash equivalents, restricted cash, short-term deposits, accounts receivable and marketable securities. The Company maintains its cash, cash equivalents, restricted cash, and short-term deposits with high-quality financial institutions mainly in the U.S., UK and Israel, the composition and maturities of which are regularly monitored by the Company.

In the years ended December 31, 2021, the revenue generated by the Company’s largest customer was $31,346. In the year ended December 31, 2022, and 2023 there aren’t revenues from a single customer which exceed 10% of the Company’s revenues.

Cash, Cash Equivalents, and Restricted Cash

Cash and cash equivalents consist of cash in banks. The Company considers all highly liquid investments, with an original maturity of three months or less at the date of purchase, to be cash equivalents. The Company maintains certain cash amounts restricted as to its withdrawal or use. The Company’s restricted cash primarily consists of security deposits collateralizing the Company’s operating leases.

The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within the consolidated balance sheets that sum to the total of the same such amounts shown in the consolidated statements of cash flows:

	December 31,
	2021		2022		2023
Cash and cash equivalents	$	448,623	$	165,033	$	200,081
Cash and cash equivalents included in funds receivable	$	10,063	$	46,302	$	68,334
Restricted cash included in other assets	$	213	$	187	$	182

Total cash, cash equivalents, and restricted cash	$	458,899	$	211,522	$	268,597

Marketable Securities

The Company classifies its marketable securities as available-for-sale at the time of purchase and re-evaluates such classification at each balance sheet date. The Company may sell these securities at any time for use in current operations even if they have not yet reached maturity. As a result, the Company classifies its marketable securities, including those with maturities beyond 12 months, as current assets in the Consolidated Balance Sheets. The Company carries these securities at fair value and records unrealized gains and losses, net of taxes, in accumulated other comprehensive income, which is reflected as a component of shareholders’ equity. The Company periodically evaluates its marketable securities to assess whether those account for a credit loss. Expected credit losses on available-for-sale debt securities are recognized in financial expenses, net, on the Company’s consolidated statements of operations, and any remaining unrealized losses, net of taxes, are included in accumulated other comprehensive income in stockholders' equity. For the year ended December 31, 2021, the Company has recognized other than temporary impairment in the amount of $140 in its Consolidated Statements of operations as a result of the Company intention to sell specific Marketable securities. The Company has not recorded credit losses for the year ended December 31, 2022 and 2023. The Company periodically evaluates its available-for-sale debt securities for impairment. If the amortized cost of an individual security exceeds its fair value, the Company considers its intent to sell the security or whether it is more likely than not that it will be required to sell the security before recovery of its amortized basis. If either of these criteria are met, the Company writes down the security to its fair value and records the impairment charge in financial expenses (income), net, in the Consolidated Statements of Operations. If neither of these criteria are met, the Company determines whether credit loss exists. Changes in allowance for expected credit losses, is recorded in financial expenses (income), net.

Fair Value Measurements

Fair value is defined as the exchange price that would be received from the sale of an asset or paid to transfer a liability in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. The Company measures financial assets and liabilities at fair value at each reporting period using a fair value hierarchy which requires the Company to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. Three levels of inputs may be used to measure fair value:

Level 1 – Quoted prices in active markets for identical assets or liabilities.

Level 2 – Inputs other than Level 1 that are observable, either directly or indirectly, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities.

Level 3 – Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities.

Financial instruments consist of cash and cash equivalents, restricted cash, short-term deposits, accounts receivables, accounts payables, accrued liabilities, and marketable securities. Short-term deposits, Cash and cash equivalents, accounts receivable, accounts payable, and accrued liabilities are stated at their carrying value, which approximates fair value due to the short time to the expected receipt or payment date. Marketable securities are stated at fair value on a recurring basis. See note 14.

Other Comprehensive Income (loss)

The Company accounts for comprehensive income (loss) in accordance with Accounting Standards Codification No. 220, "Comprehensive Income" ("ASC No. 220"). This statement establishes standards for the reporting and display of comprehensive income and its components in a full set of general-purpose financial statements. Comprehensive income generally represents all changes in shareholders' deficit during the period except those resulting from investments by, or distributions to shareholders.

The total accumulated other comprehensive income was comprised as follows:

	Year ended December 31,
	2021			2022			2023
	Unrealized gain (loss) on marketable securities			Unrealized gain (loss) on marketable securities			Unrealized gain (loss) on marketable securities
Beginning balance	$	111		$	(159	)	$	(1,926	)
Net current period other comprehensive income (loss)		(410	)		(1,840	)		506
reclassification adjustments for losses included in net income		140			73			-
Total accumulated other comprehensive loss	$	(159	)	$	(1,926	)	$	(1,420	)

Accounts Receivable, Net

Accounts receivable are recorded at the invoiced amount and amounts for which revenue has been recognized but not invoiced, net of allowance for credit losses. The allowance for credit losses is based on historical collection experience, customer creditworthiness, current and future economic condition and market condition. Additionally, specific allowance amounts are established to record the appropriate provision for customers that have a higher probability of default. Accounts receivables are written off after all reasonable means to collect the full amount have been exhausted.

Property and Equipment, Net

Property and equipment are stated at cost net of accumulated depreciation. Depreciation is calculated using the straight-line method over the estimated useful lives of the respective assets. Expenditures for maintenance and repairs are expensed as incurred.

The estimated useful lives of the Company’s property and equipment are as follows:

Computer and software	3 years
Furniture and office equipment	3 – 7 years
Leasehold improvements	Shorter of remaining lease
	term or estimated useful life

Business Combinations

The Company accounts for business combinations in accordance with ASC 805, “Business Combinations”. ASC 805 requires recognition of assets acquired, liabilities assumed, and any non-controlling interest at the acquisition date, measured at their fair values as of that date. The Company determines the recognition of intangible assets based on the following criteria: (i) the intangible asset arises from contractual or other rights; or (ii) the intangible asset is separable or divisible from the acquired entity and capable of being sold, transferred, licensed, returned or exchanged.

The excess of the fair value of the purchase price over the fair values of the identifiable assets and liabilities is recorded as goodwill. Determining the fair value of the identifiable assets and liabilities requires management to use significant judgment and estimates including the forecasted revenue and revenues growth rates, discount rates, customer contract renewal rates and customer attrition rates.

Critical estimates in valuing certain intangible assets include, but are not limited to, future expected cash flows from customer relationships, merchant/network affiliate relationships, publisher relationships, technology, tradenames, and discount rates. The Company estimates fair value based upon assumptions that are believed to be reasonable, but which are inherently uncertain and unpredictable and, as a result, actual results may differ from estimates.

Upon the conclusion of the measurement period or final determination of the fair value of assets acquired or liabilities assumed, whichever comes first, any subsequent adjustments are recorded to the Company’s consolidated statement of operations.

Acquisition related costs are expensed in the statement of operations in the period incurred.

Intangible Assets

Acquired identifiable finite-lived intangible assets are amortized on a straight-line basis over the estimated useful lives of the assets. The basis of amortization approximates the pattern in which the assets are utilized, over their estimated useful lives. The Company routinely reviews the remaining estimated useful lives of finite-lived intangible assets. In case the Company reduces the estimated useful life for any asset, the remaining unamortized balance is amortized or depreciated over the revised estimated useful life.

The estimated useful lives of the Company’s intangible assets are as follows:

	Years

Technology	2-7
Partnership Agreement	6
Customer Relationships	1-5
Trademark	2
Marketing Asset	5
GTS Duty Calculator	9

Goodwill

Goodwill reflects the excess of the purchase price over the estimated fair values of the identifiable net assets acquired in business combinations. Goodwill is not amortized and is tested for impairment at least on an annual basis. The Company operates as one reporting unit and the fair value of the reporting unit is estimated using quoted market prices of the Company’s stock in active markets. The Company tests goodwill for impairment annually in the fourth quarter and whenever events or changes in circumstances indicate the carrying amount of goodwill may not be recoverable.

When testing goodwill for impairment, the Company may first perform a qualitative assessment. If the Company determines it is not more likely than not the reporting unit’s fair value is less than its carrying value, then no further analysis is necessary. If the Company determines that it is more likely than not that the fair value of its reporting unit is less than its carrying amount, then the quantitative impairment test will be performed. The Company may elect to bypass the qualitative assessment and proceed directly to performing a quantitative analysis. Under the quantitative impairment test, if the carrying amount of the Company’s reporting unit exceeds its fair value, the Company recognizes an impairment of goodwill for the amount of this excess. There was no impairment of goodwill in the years ended December 31, 2022 and 2023.

Impairment of Long-Lived Assets and intangible assets subject to amortization

The Company evaluates the recoverability of long-lived assets, including property and equipment and intangible assets subject to amortization for possible impairment whenever events or circumstances indicate that the carrying amount of such assets may not be fully recoverable. Such events and changes may include significant changes in performance relative to expected operating results, significant changes in asset use, significant negative industry or economic trends, and changes in the Company’s business strategy. Recoverability of these assets is measured by a comparison of the carrying amounts to the future undiscounted cash flows the assets are expected to generate. If such review indicates that the carrying amount of long-lived assets is not recoverable, the carrying amount of such assets is reduced to fair value. There were no impairment charges to long-lived assets during the periods presented.

Capitalized Software Costs

Costs related to software acquired, developed, or modified solely to meet the Company’s internal requirements, with no substantive plans to market such software at the time of development are capitalized. Costs incurred during the preliminary planning and evaluation stage of the project and during the post implementation operational stage are expensed as incurred. Costs incurred during the application development stage of the project are capitalized. Maintenance costs are expensed as incurred.

Revenue Recognition

The Company’s revenues are comprised of:

Service Fees –The Company provides merchants a global direct-to-consumer e-commerce platform which enables to sell their products to consumers worldwide. Revenue is generated as a percentage of the value of transactions that flow through the Company’s platform.

Fulfillment services – The Company offers shipping, handling, and other global delivery services in order to deliver merchants’ goods to consumers.

In accordance with ASC 606, revenue is recognized when a customer obtains control of promised goods or services are delivered. The amount of revenue recognized reflects the consideration that the Company expects to receive in exchange for these goods or services. To achieve the core principle of this standard, the Company applied the following five steps:

Identification of the contract, or contracts, with the customer

The Company determines that it has a contract with a customer when each party’s rights regarding the products or services to be transferred can be identified, the payment terms for the services can be identified, the Company has determined the customer has the ability and intent to pay, and the contract has commercial substance. At contract inception, the Company evaluates whether two or more contracts should be combined and accounted for as a single contract and whether the combined or single contract includes more than one performance obligation.

Identification of the performance obligations in the contract

Performance obligations promised in a contract are identified based on the products and services that will be transferred to the customer that are both capable of being distinct, whereby the customer can benefit from the products or services either on their own or together with other resources that are readily available from third parties or from the Company, and are distinct in the context of the contract, whereby the transfer of the products and services is separately identifiable from other promises in the contract. The Company identified two distinct performance obligations: service fees and fulfillment services. The Company Offers its platform service solution on a standalone basis (i.e., without the fulfillment services), fulfillment services are offered on an optional basis. Customers may choose to utilize or cease utilizing fulfillment services, either in whole or for select markets, at any time and from time to time.

Determination of the transaction price

The transaction price is determined based on the consideration to which the Company expects to be entitled in exchange for transferring products or delivery of services to the customer. The Company applied the practical expedient in ASC 606 and did not evaluate payment terms of one year or less for the existence of a significant financing component. Revenue is recognized net of any taxes collected from customers which are subsequently remitted to governmental entities (e.g., sales tax and other indirect taxes).

Allocation of the transaction price to the performance obligations in the contract

Contracts that contain multiple performance obligations require an allocation of the transaction price to each performance obligation based on each performance obligation’s relative standalone selling price ("SSP"). To determine SSP, the Company maximizes the use of observable standalone sales and observable data, where available. In instances where performance obligations do not have observable standalone sales, the Company uses the expected cost-plus margin approach to estimate the standalone selling price based on a defined matrix that takes into consideration, among others, the weight, volume and shipping lane of the package. The Company also utilizes available information that may include market conditions, pricing strategies, and other observable inputs. In some cases, the Company provides the platform service solution on a standalone basis. (i.e., without the fulfillment services) since fulfillment service is optional. As for the fulfillment services, the Company provides such services only alongside the platform service solution.

Recognition of the revenue when, or as, a performance obligation is satisfied

Revenue is recognized at the time the related performance obligation is satisfied by transferring the promised product or delivery of service to the customer. Revenue is recognized in an amount that reflects the consideration that the Company expects to receive in exchange for those products or services.

For each performance obligation identified, the Company is required to determine whether control of the good or service transfers to the customer over time or at a point in time. The assessment of whether control transfers over time or at a point in time is critical to the timing of revenue recognition. The control over the promised services for each of the components is transferred as follow:

Service Fees -the revenues are recognized once the transaction is considered completed, when the payment is processed by the Company, and the merchant goods arrive at the Company’s hub. The Company determined it acts as an agent since it does not have control over the goods provided to the shopper, based on the agreement with the merchant. The Company is not primarily responsible for the acceptability of the goods (for example – the quality of the goods provided to the consumer). Furthermore, the Company has no discretion in determining the prices paid by the consumer for the goods. The Company earns a fee based on a fixed percentage of the total amount of the goods. Therefore, revenues derived from the service fees are presented on a net basis.

Fulfillment services - the service is recognized over the shipment time starting upon the dispatch to the carrier until it reaches the consumer. The Company determined it acts as a principal since it is the primary obligor to fulfill its promise to its customers, controls the services (i.e. the Company directs other parties to provide services on its behalf), has discretion in determining the carrier it uses to provide the service and bears the risk of loss if the actual cost of the fulfillment service will exceed the fee. Therefore, revenues derived from the fulfillment services are presented on a gross basis.

The Company elected to apply the optional exemption under ASC 606 not to disclose the remaining performance obligations that relate to contracts with an original expected duration of one year or less.

Disaggregation of Revenue

The following table summarizes revenue by category:

	Year Ended December 31,
	2021					2022					2023
	Amount		Percentage of Revenue			Amount		Percentage of Revenue			Amount		Percentage of Revenue
	(in thousands, except percentages)

Service fees	$	96,659		39	%	$	181,887		44	%	$	262,255		46	%
Fulfillment services		148,615		61	%		227,162		56	%		307,692		54	%

Total revenue	$	245,274		100	%	$	409,049		100	%	$	569,946		100	%

The Company's revenues from service fees provided on a standalone basis were $8,366, $16,515 and $44,461 for the years ended December 31, 2021, 2022 and 2023, respectively.

The following table summarizes revenue by merchant outbound region:

	Year Ended December 31,
	2021					2022					2023
	Amount		Percentage of Revenue			Amount		Percentage of Revenue			Amount		Percentage of Revenue
	(in thousands, except percentages)

United States		71,095		29	%		173,967		43	%		285,619		50	%
United Kingdom	$	113,835		47	%	$	146,562		36	%	$	173,584		30	%
European Union		58,177		23	%		78,491		19	%		92,566		16	%
Israel		1,052		*	)		1,357		*	)		1,806		*	)
Other		1,115		*	)		8,672		2	%		16,371		3	%

Total revenue	$	245,274		100	%	$	409,049		100	%	$	569,946		100	%

*) Less than 1%

Deferred contract acquisition and fulfillment costs

The Company capitalizes sales commissions paid to sales personnel that are incremental to the acquisition of customer contracts. These costs are recorded as deferred contract acquisition costs on the consolidated balance sheets. The Company determines whether costs should be deferred based on its sales compensation plans and if the commissions are incremental and would not have occurred absent the customer contract.

Sales commissions paid upon the initial acquisition of a customer contract for sales personnel and affiliates are amortized mainly over an estimated period of benefit of five years. The Company determines the period of benefit for sales commissions paid for the acquisition of the initial customer contract by taking into consideration the estimated technological life of the Company’s solution.

Amortization of sales commissions are consistent with each performance obligation and are included in sales and marketing expense in the consolidated statements of operations. The Company has applied the practical expedient in ASC 606 to expense costs as incurred for costs to obtain a contract with a customer when the amortization period would have been one year or less.

The Company capitalizes costs incurred to fulfill its contracts when the costs relate directly to a contract and are expected to generate resources that will be used to satisfy the performance obligation under the contract and are expected to be recovered through revenues generated under the contract. Costs to fulfill contracts are expensed to cost of revenue on a straight-line basis over the estimated technological useful life of the Company's solution which are estimated to be five years.

The Company periodically reviews these deferred contract acquisition costs to determine whether events or changes in circumstances have occurred that could impact the period of benefit. There were no impairment losses recorded during the periods presented.

The following tables represent a roll forward of deferred contract acquisition costs:

Cost to obtain a contract:

	Year Ended December 31,
	2021			2022			2023
	(in thousands)

Beginning balance	$	987		$	1,801		$	2,562
Additions to deferred contract acquisition costs		1,188			1,378			1,463
Amortization of deferred contract acquisition costs		(374	)		(617	)		(868	)
Ending balance	$	1,801		$	2,562		$	3,157

Deferred contract acquisition costs (to be recognized in next 12 months included in other current assets)	$	487		$	737		$	970
Deferred contract acquisition costs, noncurrent		1,314			1,825			2,187
Total deferred contract acquisition costs	$	1,801		$	2,562		$	3,157

Cost to fulfill a contract:

	Year Ended December 31,
	2023
	(in thousands)

Beginning balance	$	-
Additions to deferred contract acquisition costs		659
Amortization of deferred contract acquisition costs		(46	)
Ending balance	$	613

Deferred contract acquisition costs (to be recognized in next 12 months included in other current assets)	$	133
Deferred contract acquisition costs, noncurrent		481
Total deferred contract acquisition costs	$	613

Cost of Revenue

Cost of revenue primarily consists of expenses related to fulfillment of its services, which mainly include shipping costs, acquiring costs, payroll, hosting and allocated overhead. Overhead is allocated to cost of revenue based on applicable headcount.

Research and Development

Research and development costs include personnel-related expenses associated with the Company’s development personnel responsible for the design, development and testing of its products, cost of development environments and tools, and allocated overhead. Overhead is allocated to research and development based on applicable headcount. Research and development costs are expensed as incurred.

Sales and Marketing Costs

Sales and Marketing costs include mainly personnel-related expenses, sales commissions, direct marketing, events, public relations, commercial agreement amortization (See note 7), amortization of intangible assets and allocated overhead. Overhead is allocated to sales and marketing based on applicable headcount.

General and Administrative

General and administrative expenses primarily consist of personnel-related expenses and merger-related contingent consideration, associated primarily with the Company’s finance, legal, human resources and other operational and administrative functions, professional fees for external legal, accounting and other consulting services, and allocated overhead.

Share-Based Compensation

The Company account for share-based compensation in accordance with ASC No. 718, “Compensation - Stock Compensation” (“ASC No. 718”). Share-based compensation expense related to share awards is recognized based on the fair value of the awards granted. The fair value of restricted stock units (“RSU”) is based on the closing market value of the underlying shares at the date of grant. The fair value of each option award is estimated on the grant date using the Black-Scholes option pricing model. The Black-Scholes option pricing model requires the input of highly subjective assumptions, including the fair value of the underlying Ordinary Shares, the expected term of the option, the expected volatility of the price of the Company’s Ordinary Shares, risk-free interest rates, and the expected dividend yield of Ordinary Shares. The assumptions used to determine the fair value of the option awards represent management’s best estimates. These estimates involve inherent uncertainties and the application of management’s judgment. The related share-based compensation expense is recognized on a straight-line basis over the requisite service period of the awards, including awards with graded vesting and no additional conditions for vesting other than service conditions. Forfeitures are accounted for as they occur.

Income Taxes

The Company is subject to income taxes in Israel, the U.S., U.K and other foreign jurisdictions. These foreign jurisdictions may have different statutory rates than in Israel. Income taxes are accounted in accordance with ASC 740, Income Taxes (“ASC 740”). Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statements carrying amounts of existing assets and liabilities and their respective tax basis as well as operating loss and tax credit carryforwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The financial effect of changes in tax laws or rates is accounted for in the period of enactment. Valuation allowances are provided when necessary to reduce deferred tax assets to the amount expected to be realized.

The Company recognizes income tax benefits from uncertain tax positions only if it believes that it is more likely than not that the tax position will be sustained upon examination by the taxing authorities based on the technical merits of the position. The tax benefits recognized in the financial statements from such uncertain tax positions are then measured based on the largest benefit that is more likely than not to be realized upon the ultimate settlement. Although the Company believes that it has adequately reserved for its uncertain tax positions (including net interest and penalties), it can provide no assurance that the final tax outcome of these matters will not be materially different. The Company makes adjustments to these reserves when facts and circumstances change, such as the closing of a tax audit or the refinement of an estimate. To the extent that the final tax outcome of these matters is different from the amounts recorded, such differences will affect the provision for income taxes in the period in which such determination is made.

Net Earnings (Loss) Per Share Attributable to Ordinary Shareholders

The Company calculates basic net income (loss) per share by dividing the net income (loss) by the weighted-average number of Ordinary Shares outstanding during the period. Diluted net income (loss) per share is computed by giving effect to all potentially dilutive Ordinary Share equivalents outstanding for the period, including share options and restricted share units. Diluted net income (loss) per share was the same as basic net income (loss) per share in periods when the effects of potentially dilutive shares of Ordinary Shares were anti-dilutive. For periods before the Company’s shares began trading on May 12, 2021, the Company calculated basic net income (loss) per share using the two-class method required for participating securities. These participating securities did not contractually require the holders of such shares to participate in the Company’s losses. As such, net loss for the periods presented was not allocated to the Company’s participating securities.

Segment Information

The Company operates in one operating and reportable segment. Operating segments are defined as components of an enterprise about which separate financial information is evaluated regularly by the chief operating decision maker, who is the Company’s chief executive officer (“CEO”), in deciding how to allocate resources and assessing performance. The Company’s chief operating decision maker allocates resources and assesses performance based upon discrete financial information at the consolidated level.

Revenue by geographical region can be found in the revenue recognition disclosures in Note 2 above. The following table presents the Company’s property and equipment, net of depreciation and amortization as well as the Company’s operating lease ROU assets by geographic region:

	December 31,
	2021		2022		2023
	(in thousands)

Israel	$	18,383	$	22,823	$	23,113
United Kingdom		2,642		3,279		2,799
United States		2,326		3,828		7,265
Rest of world		26		71		111
Total assets, net	$	23,377	$	30,001	$	33,288

Legal Proceedings

In the ordinary course of business, the Company may be subject from time to time to various proceedings, lawsuits, disputes, or claims. The Company investigates these claims as they arise. Although claims are inherently unpredictable, the Company is currently not aware of any matters that, if determined adversely to the Company, would individually or taken together, have a material adverse effect on its business, financial position, results of operations, or cash flows.

Israeli Severance Pay

Pursuant to Israel’s Severance Pay Law, Israeli employees are entitled to severance pay equal to one month’s salary for each year of employment, or a portion thereof. The Company has elected to include its employees in Israel under Section 14 of the Severance Pay Law, under which these employees are entitled only to monthly deposits made in their name with insurance companies, at a rate of 8.33% of their monthly salary. These payments release the Company from any future obligation under the Israeli Severance Pay Law to make severance payments in respect of those employees; therefore, for these employees any liability for severance pay due to these employees, and the deposits under Section 14 are not recorded as an asset in the consolidated balance sheets. For employees which are not under Section 14 of the Severance Pay Law, as of December 31, 2022 and 2023 there is an asset and a liability in the consolidated balance sheets in the total of $1,227 and 1,762 and $733 and $1,071, respectively. During the years ended December 31, 2022 and 2023, the Company recorded $2,167and $691, respectively, in severance expenses related to these employees.

Warrants to preferred shares

Prior to the IPO, the Company issued warrants to purchase the Company's convertible preferred shares which were classified as a liability on the balance sheet and measured at fair value. The Company measured the warrants at fair value by applying the Option Pricing Method ("OPM") in each reporting period until they were converted. Changes in the fair value being recognized in the Company's statement of operations as financial income or expense, as appropriate.

	Year Ended December 31
	2021			2022		2023
	(in thousands)
Beginning of the year	$	5,738		$	-	$	-
Change in fair value		5,872			-		-
Conversion to shares		(11,610	)		-		-
End of year	$	-		$	-	$	-

Funds receivable and payable to customers

Funds receivable represent cash received or settled from end-customers via third-party payment service providers, which flows through a Company bank account for payment to the Company’s customers. This cash and related receivables represent the total amount due to the Company’s customers and as such, a liability for the same amount is recorded to funds payable to customers.

Accounting Pronouncements Not Yet Adopted

In November 2023, the Financial Accounting Standards Board (FASB) issued ASU No. 2023-07, Reportable Segments (Topic 280): Improvements to Reportable Segment Disclosures, which expands annual and interim disclosure requirements for reportable segments, primarily through enhanced disclosures about significant segment expenses, including public entities with a single operating or reportable segment. The updated standard will be effective for annual periods beginning in fiscal 2024 and interim periods beginning in the first quarter of fiscal 2025. Early adoption is permitted. The Company expect this ASU to only impact its disclosures with no impacts to the results of operations, cash flows, and financial condition.

In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures, which expands disclosures in an entity’s income tax rate reconciliation table and regarding cash taxes paid both in the U.S. and foreign jurisdictions. The updated standard will be effective for annual periods beginning in fiscal 2026. The Company expect this ASU to only impact its disclosures with no impacts to the results of operations, cash flows, and financial condition.

Immaterial Prior Period Error Correction

During the year ended December 31, 2023, the Company has voluntarily corrected retrospectively an immaterial error related to the presentation of “Exchange rate differences on balances of cash, cash equivalents” as a separate part of the reconciliation of the change in the "Total cash, cash equivalents and restricted cash” in the consolidated statements of Cash Flows, which was not included in previously issued consolidated financial statements.

The following tables summarize the effects of the corrections on the Company’s consolidated statements of Cash Flows for the years ended December 31, 2022, and 2021:

	Year Ended December 31, 2022
	As Previously Stated		Adjustment			As Revised
	(in thousands)

Unrealized loss (gain) on foreign currency	$	-	$	7,843		$	7,843
Net cash provided by operating activities	$	81,485	$	7,843		$	89,328
Exchange rate differences on balances of cash, cash equivalents and restricted cash	$	-	$	(7,843	)	$	(7,843	)

	Year Ended December 31, 2021
	As Previously Stated		Adjustment			As Revised
	(in thousands)

Unrealized loss (gain) on foreign currency	$	-	$	2,403		$	2,403
Net cash provided by operating activities	$	15,748	$	2,403		$	18,151
Exchange rate differences on balances of cash, cash equivalents and restricted cash	$	-	$	(2,403	)	$	(2,403	)

Income Taxes (Details 4) - USD ($)
$ in Thousands

12 Months Ended

Dec. 31, 2023

Dec. 31, 2022

Unrecognized tax benefits

Beginning balance

$ 53,670

$ 19,389

^[1]

34,281

^[1]

53,670

Ending balance

$ 0

$ 53,670

[1]	As of December 31, 2022 unrecognized tax benefit in amount of $53.7 million was related to Net operating loss carryforwards for which the Company has recognized valuation allowance.

Summary of Significant Accounting Policies (Details 1) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Accounting Policies [Abstract]
Beginning balance	$ (1,926)	$ (159)	$ 111
Net current period other comprehensive income (loss)	(506)	(1,840)	(410)
reclassification adjustments for losses included in net income	0	73	140
Total accumulated other comprehensive loss	$ (1,420)	$ (1,926)	$ (159)

- Definition

Amount, after tax, of accumulated increase (decrease) in equity from transaction and other event and circumstance from nonowner source.

+ References + Details

Goodwill and intangible assets, net (Details 2) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
2024	$ 18,812
2025	17,607
2026	17,607
2027	14,165
2028	8,840
Thereafter	993
Intangible assets, net	$ 78,024	$ 98,458

Summary of Significant Accounting Policies (Details 7) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Revenues from External Customers and Long-Lived Assets [Line Items]
Total property and equipment, net	$ 10,236	$ 10,283
Reportable Geographical Components
Revenues from External Customers and Long-Lived Assets [Line Items]
Total property and equipment, net	33,288	30,001	$ 23,377
Israel \| Reportable Geographical Components
Revenues from External Customers and Long-Lived Assets [Line Items]
Total property and equipment, net	23,113	22,823	18,383
United Kingdom \| Reportable Geographical Components
Revenues from External Customers and Long-Lived Assets [Line Items]
Total property and equipment, net	2,799	3,279	2,642
United States \| Reportable Geographical Components
Revenues from External Customers and Long-Lived Assets [Line Items]
Total property and equipment, net	7,265	3,828	2,326
Rest of world \| Reportable Geographical Components
Revenues from External Customers and Long-Lived Assets [Line Items]
Total property and equipment, net	$ 111	$ 71	$ 26

Goodwill and intangible assets, net (Details 1) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Finite-Lived Intangible Assets [Line Items]
Cost	$ 126,291	$ 126,291
Less - accumulated amortization	48,267	27,833
Intangible assets, net	78,024	98,458
Technology
Finite-Lived Intangible Assets [Line Items]
Cost	63,677	63,677
Customer relations
Finite-Lived Intangible Assets [Line Items]
Cost	27,856	27,856
Partnership Agreement
Finite-Lived Intangible Assets [Line Items]
Cost	11,366	11,366
Marketing Asset
Finite-Lived Intangible Assets [Line Items]
Cost	19,263	19,263
Trademark
Finite-Lived Intangible Assets [Line Items]
Cost	731	731
GTS Duty Calculator
Finite-Lived Intangible Assets [Line Items]
Cost	$ 3,398	$ 3,398

Marketable Securities

12 Months Ended

Dec. 31, 2023

Marketable Securities [Abstract]

Marketable Securities

15. Marketable Securities

As of December 31, 2022 and 2023 the Company’s held marketable securities classified as available-for-sale securities as follows:

	December 31, 2023
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value

Mutual funds	$	1,279	$	65	$	-		$	1,344
Government debentures		1,158		-		(440	)		718
Corporate debentures		19,386		118		(1,163	)		18,341
	$	21,823	$	183	$	(1,603	)	$	20,403

	December 31, 2022
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value

Mutual funds	$	1,274	$	3	$	(19	)	$	1,258
Government debentures		1,157		-		(368	)		789
Corporate debentures		16,307		13		(1,554	)		14,766
	$	18,738	$	16	$	(1,941	)	$	16,813

The Following table summarizes the Compnay's marketable securities by contractual maturities:

	December 31, 2023
	(in thousands )

Within one year		3,477
After one year through five years		5,091
After 5 years through 10 years		2,695
After 10 years		918
		12,181

As of December 31, 2023 the Company invests in marketable securities without a single maturity date in the amount of $8,222.

The following table presents fair value and gross unrealized losses of the Company's marketable securities, which have been in a continuous loss position for less than 12 months:

	December 31, 2022					December 31, 2023
	Fair Value		Unrealized Loss			Fair Value		Unrealized Loss

Mutual Funds	$	1,258	$	(19	)	$	-	$	-
Government debentures		789		(368	)		-		-
Corporate debentures		3,308		(315	)		488		(5	)
Total	$	5,355	$	(702	)	$	488	$	(5	)

The following table presents fair value and gross unrealized losses of the Company's marketable securities, which have been in a continuous loss position for 12 months or longer:

	December 31, 2022					December 31, 2023
	Fair Value		Unrealized Loss			Fair Value		Unrealized Loss

Mutual Funds	$	-	$	-		$	-	$	-
Government debentures		-		-			1,157		(440	)
Corporate debentures		10,447		(1,239	)		18,866		(1,157	)
Total	$	10,447	$	(1,239	)	$	20,023	$	(1,597	)

For the year ended December 31,2023 the unrealized losses related to marketable securities were as a result of market fluctuations and not due to credit related losses, therefore, the Company did not record an allowance for credit losses for its available-for-sales marketable securities.

Marketable Securities (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Marketable Securities [Line Items]
Amortized Cost	$ 21,823	$ 18,738
Gross Unrealized Gains	183	16
Gross Unrealized Losses	(1,603)	(1,941)
Fair Value	20,403	16,813
Mutual funds
Marketable Securities [Line Items]
Amortized Cost	1,279	1,274
Gross Unrealized Gains	65	3
Gross Unrealized Losses	0	(19)
Fair Value	1,344	1,258
Government debentures
Marketable Securities [Line Items]
Amortized Cost	1,158	1,157
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(440)	(368)
Fair Value	718	789
Corporate debentures
Marketable Securities [Line Items]
Amortized Cost	19,386	16,307
Gross Unrealized Gains	118	13
Gross Unrealized Losses	(1,163)	(1,554)
Fair Value	$ 18,341	$ 14,766

Shareholders' Equity and Equity incentive Plan (Details 2)	12 Months Ended
	Dec. 31, 2023 $ / shares shares
Convertible Preferred Shares Shareholders Deficit And Equity Incentive Plan [Line Items]
Unvested, beginning balance	1,348,682
Unvested, ending balance	1,957,057
RSU
Convertible Preferred Shares Shareholders Deficit And Equity Incentive Plan [Line Items]
Unvested, beginning balance	1,348,682
Granted	1,515,673
Vested	(757,613)
Forfeited	(149,685)
Unvested, ending balance	1,957,057
Weighted average grant date fair value, beginning balance \| $ / shares	$ 36.18
Weighted average grant date fair value Granted \| $ / shares	28.55
Weighted average grant date fair value, Vested \| $ / shares	34.38
Weighted average grant date fair value, Forfeited \| $ / shares	30.08
Weighted average grant date fair value, ending balance \| $ / shares	$ 31.15

CONSOLIDATED STATEMENTS OF CONVERTIBLE PREFERRED SHARES AND SHAREHOLDERS' EQUITY (DEFICIT) - USD ($) $ in Thousands	Convertible Preferred Shares	Ordinary Shares	Additional Paid-in Capital	Accumulated Other Comprehensive Income	Accumulated Deficit	Total
Preferred Stock, Value, Issued, Beginning Balance at Dec. 31, 2020	$ 112,553
Preferred Stock, Shares Outstanding, Beginning Balance (Shares) at Dec. 31, 2020	162,101
Beginning balance at Dec. 31, 2020		$ 0	$ 8,087	$ 111	$ (52,708)	$ (44,510)
Beginning balance (Shares) at Dec. 31, 2020		21,761,400
Conversion of preferred shares to ordinary shares	$ (112,553)
Conversion of preferred shares to ordinary shares (Shares)	(162,101)
Conversion of preferred shares to ordinary shares			112,553			112,553
Conversion of preferred shares to ordinary shares (Shares)		97,260,600
Issuance of warrants to ordinary shares			280,842			280,842
Exercise of options and vested RSUs granted to employees		$ 0	1,584			1,584
Exercise of options and vested RSUs granted to employees (Shares)		2,018,942
Other comprehensive loss				(270)		(270)
Unrealized gain on available-for-sale marketable securities, net						(270)
Share-based compensation expense			12,001			12,001
Issuance of Ordinary shares in IPO, net			396,344			396,344
Issuance of Ordinary shares in IPO, net (Shares)		17,250,000
Exercise of Warrants to ordinary shares			12,139			12,139
Exercise of Warrants to ordinary shares (Shares)		12,165,559
Net loss					(74,933)	(74,933)
Preferred Stock, Value, Issued, Ending Balance at Dec. 31, 2021	$ 0
Preferred Stock, Shares Outstanding, Ending Balance (Shares) at Dec. 31, 2021	0
Ending balance at Dec. 31, 2021		$ 0	823,550	(159)	(127,641)	695,750
Ending balance (Shares) at Dec. 31, 2021		150,456,501
Issuance of warrants to ordinary shares			235,466			235,466
Exercise of options and vested RSUs granted to employees		$ 0	1,166			1,166
Exercise of options and vested RSUs granted to employees (Shares)		1,314,057
Other comprehensive loss				(1,767)		(1,767)
Unrealized gain on available-for-sale marketable securities, net						(1,767)
Share-based compensation expense			38,909			38,909
Exercise of Warrants to ordinary shares			73			73
Exercise of Warrants to ordinary shares (Shares)		7,215,924
Issuance of ordinary shares in connection with the business combination			153,929			153,929
Issuance of ordinary shares in connection with the business combination (Shares)		2,330,061
Net loss					(195,405)	(195,405)
Preferred Stock, Value, Issued, Ending Balance at Dec. 31, 2022	$ 0
Preferred Stock, Shares Outstanding, Ending Balance (Shares) at Dec. 31, 2022	0
Ending balance at Dec. 31, 2022		$ 0	1,253,093	(1,926)	(323,046)	928,121
Ending balance (Shares) at Dec. 31, 2022		161,316,543
Issuance of warrants to ordinary shares	$ 0		60,206			60,206
Exercise of options and vested RSUs granted to employees			1,969			1,969
Exercise of options and vested RSUs granted to employees (Shares)		2,016,124
Issuance Of Shares Due To Contingent Consideration Value			0			0
Issuance of Shares due to Contingent Consideration (Shares)		219,600
Other comprehensive loss				506		506
Unrealized gain on available-for-sale marketable securities, net						506
Share-based compensation expense			44,960			44,960
Exercise of Warrants to ordinary shares			22			22
Exercise of Warrants to ordinary shares (Shares)		2,221,647
Net loss					(133,805)	(133,805)
Preferred Stock, Value, Issued, Ending Balance at Dec. 31, 2023	$ 0
Preferred Stock, Shares Outstanding, Ending Balance (Shares) at Dec. 31, 2023	0
Ending balance at Dec. 31, 2023		$ 0	$ 1,360,250	$ (1,420)	$ (456,851)	$ 901,979
Ending balance (Shares) at Dec. 31, 2023		165,773,914

Summary of Significant Accounting Policies (Details 6) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Deferred Policy Acquisition Cost [Line Items]
Beginning balance	$ 2,562	$ 1,801	$ 987
Additions to deferred contract acquisition costs	1,463	1,378	1,188
Amortization of deferred contract acquisition costs	(868)	(617)	(374)
Ending balance	3,157	2,562	1,801
Deferred contract acquisition costs (to be recognized in next 12 months included in other current assets)	970	737	487
Deferred contract acquisition costs, noncurrent	2,187	1,825	1,314
Total deferred contract acquisition costs	3,157	2,562	$ 1,801
Cost to fulfill a contract [Member]
Deferred Policy Acquisition Cost [Line Items]
Beginning balance	0
Additions to deferred contract acquisition costs	659
Amortization of deferred contract acquisition costs	(46)
Ending balance	613	0
Deferred contract acquisition costs (to be recognized in next 12 months included in other current assets)	133
Deferred contract acquisition costs, noncurrent	481
Total deferred contract acquisition costs	$ 613	$ 0

Fair Value Measurements (Details) - Recurring basis - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total financials assets	$ 20,403	$ 16,813
Mutual Funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total financials assets	1,344	1,258
Government debentures
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total financials assets	718	789
Corporate debentures
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total financials assets	18,341	14,766
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total financials assets	1,344	1,258
Level 1 \| Mutual Funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total financials assets	1,344	1,258
Level 1 \| Government debentures
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total financials assets	0	0
Level 1 \| Corporate debentures
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total financials assets	0	0
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total financials assets	19,059	15,555
Level 2 \| Mutual Funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total financials assets	0	0
Level 2 \| Government debentures
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total financials assets	718	789
Level 2 \| Corporate debentures
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total financials assets	18,341	14,766
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total financials assets	0	0
Level 3 \| Mutual Funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total financials assets	$ 0	0
Level 3 \| Government debentures
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total financials assets		0
Level 3 \| Corporate debentures
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total financials assets		$ 0

BUSINESS COMBINATIONS (Details 1) - USD ($)
$ in Thousands

1 Months Ended

Jan. 03, 2022

Jul. 01, 2022

Dec. 31, 2023

Borderfree Acquisition [Member]

Business Acquisition [Line Items]

Total Intangible assets acquired

$ 42,832

Borderfree Acquisition [Member] | Customer Relationships [Member]

Business Acquisition [Line Items]

Total Intangible assets acquired

^[1]

$ 15,386

Estimated useful lives

^[1]

5 years

Borderfree Acquisition [Member] | Marketing Assets [Member]

Business Acquisition [Line Items]

Total Intangible assets acquired

^[1]

$ 19,263

Estimated useful lives

^[1]

5 years

Borderfree Acquisition [Member] | Gts Duty [Member]

Business Acquisition [Line Items]

Total Intangible assets acquired

^[1]

$ 3,398

Estimated useful lives

^[1]

9 years

Borderfree Acquisition [Member] | Technology Service [Member]

Business Acquisition [Line Items]

Total Intangible assets acquired

^[1]

$ 4,785

Estimated useful lives

^[1]

2 years

Flow Acquisition [Member]

Business Acquisition [Line Items]

Total Intangible assets acquired

$ 83,459

Flow Acquisition [Member] | Partnership Agreement [Member]

Business Acquisition [Line Items]

Total Intangible assets acquired

^[2]

11,366

Estimated useful lives

^[2]

6 years

Flow Acquisition [Member] | Customer Relationships [Member]

Business Acquisition [Line Items]

Total Intangible assets acquired

^[2]

12,470

Estimated useful lives

^[2]

1 year

Flow Acquisition [Member] | Trademarks [Member]

Business Acquisition [Line Items]

Total Intangible assets acquired

^[2]

731

Estimated useful lives

^[2]

2 years

Flow Acquisition [Member] | Technology Service [Member]

Business Acquisition [Line Items]

Total Intangible assets acquired

^[2]

$ 58,892

Estimated useful lives

^[2]

7 years

[1]	The fair value of the assets above were determined using the income approach.
[2]	Technology, Partnership Agreement, Customer relationships and Trademark's fair values were determined using the income approach.

Net Loss Per Share Attributable to Ordinary Shareholders (Details 1) - shares	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	10,210,768	13,116,676	18,477,652
Unvested RSU’s
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	1,957,057	1,348,682	443,018
Outstanding warrants to Ordinary Shares
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	492,054	2,713,701	7,902,480
Outstanding share options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	7,761,657	9,054,293	10,132,154

BUSINESS COMBINATIONS (Detail Textuals) - USD ($) $ in Thousands		6 Months Ended	12 Months Ended
	Jan. 03, 2022	Dec. 31, 2022	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2022	Dec. 31, 2021	Jul. 01, 2022
Acquired Indefinite-Lived Intangible Assets [Line Items]
Revenues			$ 569,946		$ 409,049	$ 245,274
Borderfree Acquisition [Member]
Acquired Indefinite-Lived Intangible Assets [Line Items]
Total purchase consideration							$ 101,880
Working capital adjustments							$ 101,880
Revenues		$ 22,034
Business acquisition transaction cost		$ 8,492		$ 8,492	$ 8,492
Flow Acquisition [Member]
Acquired Indefinite-Lived Intangible Assets [Line Items]
Total purchase consideration	$ 387,003
Working capital adjustments	233,074
Fair value in share	153,929
Consideration paid	$ 24,323
Issued shares	439,200
Value of issuance of restricted share unit	$ 13,590
Revenues				$ 21,151

Prepaid expenses and other current assets

12 Months Ended

Dec. 31, 2023

Prepaid Expense and Other Assets, Current [Abstract]

Prepaid expenses and other current assets

3.	Prepaid expenses and other current assets

Prepaid expenses and other current assets consisted of the following:

	December 31,
	2022		2023
	(in thousands)

Indirect tax receivables and related prepaid expenses	$	43,293	$	46,802
Prepaid expenses		7,847		14,805
Other		764		2,360
Prepaid expenses and other current assets	$	51,904	$	63,967

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2023

Income Tax Disclosure [Abstract]

Schedule of profit (loss) before the provision for income taxes

	Year Ended December 31,
	2021			2022			2023
	(in thousands)

Israel		(83,028	)		(170,138	)		(120,835	)
Foreign		8,800			(31,279	)		(10,961	)

Total		(74,228	)		(201,417	)		(131,797	)

Schedule of provision for income taxes

	Year Ended December 31,
	2021			2022			2023
	(in thousands)

Current:
Israel	$	-		$	-		$	-
Foreign	$	795		$	1,512		$	2,059

Total current income tax expense	$	795		$	1,512		$	2,059

Deferred:
Israel		-			-			-
Foreign		(90	)		(7,524	)		(51	)

Total deferred income tax (benefit) expense		(90	)		(7,524	)		(51	)

Total provision for income taxes	$	705		$	(6,012	)	$	2,008

Schedule of effective income tax rate reconciliation

	Year Ended December 31,
	2021			2022			2023
	(in thousands)

Theoretical income tax expense (benefit)		(17,072	)	$	(46,326	)	$	(30,313	)
Change in valuation allowance		26,822			43,134			28,471
Return to provision true ups		(2,490	)		395			884
Foreign tax rate differentials		(76	)		311			352
Shared Based Compensations non-deductible (taxable)		(8,148	)		(929	)		2,402
Non-deductible expenses		1,517			820			512
Tax rate change impact		-			(1,883	)		(139	)
Foreign exchange impact		273			874			(430	)
State Taxes		63			(316	)		170
Valuation allowance on acquisition balances		-			(3,482	)		-
R&D credits		-			-			(208	)
Other		(184	)		1,390			307

Total	$	705		$	(6,012	)	$	2,008

Schedule of deferred tax assets and liabilities

	December 31,
	2022			2023
	(in thousands)

Deferred tax assets:
Net operating loss carryforwards *)		75,766			88,395
Research and development expenses		9,186			21,056
Leasing liabilities		4,588			5,350
Accruals and reserves		848			460
Share-based compensation		7,758			8,902
Deferred IPO costs		346			-
R&D tax credits		351			351
Bad debt		157			149
Unrealized Losses from marketable securities		482			-
Gross deferred tax assets		99,482			124,663
Valuation allowance		(79,211	)		(107,682	)
Total deferred tax assets		20,271			16,981

Deferred tax liabilities:
Deferred contract acquisition costs		391			570
Leasing assets		4,570			4,944
Property and equipment		42			171
Intangibles		21,577			17,790
Other		78			13
Gross deferred tax liabilities		26,658			23,488

Deferred taxes assets (liabilities),net		(6,387	)		(6,507	)

*) Refer to note 8g.

Schedule of unrecognized tax benefits

	December 31,
	2022		2023
	(in thousands)

Beginning balance		19,389		53,670
Increases related to tax positions taken during the current year *)		34,281		-
Decrease related to tax positions taken during the current year		-		(53,670	)
Ending balance		53,670		-

*) As of December 31, 2022 unrecognized tax benefit in amount of $53.7 million was related to Net operating loss carryforwards for which the Company has recognized valuation allowance.

Accrued Expenses and Other Current Liabilities (Tables)

12 Months Ended

Dec. 31, 2023

Accrued Liabilities and Other Liabilities [Abstract]

Schedule of accrued expenses and other current liabilities

Accrued expenses and other current liabilities consisted of the following:

	December 31,
	2022		2023
	(in thousands)

Accrued Expenses	$	16,185	$	25,806
Accrued indirect taxes and related liabilities		26,347		37,654
Accrued compensation and benefits		19,918		26,821
Advancements from customers		9,163		10,522
Other current liabilities		4,377		6,503
Accrued expenses and other current liabilities	$	75,990	$	107,306

Summary of Significant Accounting Policies (Details 8) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Accounting Policies [Abstract]
Beginning of the year	$ 0	$ 0	$ 5,738
Change in fair value	0	0	5,872
Conversion to shares	0	0	(11,610)
End of year	$ 0	$ 0	$ 0

Leases (Tables)

12 Months Ended

Dec. 31, 2023

Leases [Abstract]

Schedule of lease expense

	Year ended December 31,
	2021		2022		2023

Components of lease expenses
Operating lease cost	$	1,406	$	3,318	$	3,833
Short-term lease	$	51	$	462	$	861
Total lease expenses	$	1,457	$	3,780	$	4,694

Schedule of supplemental cash flow information related to leases

	Year ended December 31,
	2021		2022		2023

Supplemental cash flow information
Cash paid for amounts included in the measurement of lease liabilities	$	1,015	$	2,212	$	3,391

Supplemental non-cash information related to lease liabilities from obtaining ROU assets	$	17,329	$	2,862	$	6,565

Schedule of maturities of lease liabilities

	December 31, 2023
	(in thousands)

Year Ending December 31,
2024	$	4,104
2025		3,869
2026		3,905
2027		3,816
2028		3,717
Thereafter		7,240
Total operating lease payments	$	26,651
Less: imputed interest		3,329
Total	$	23,322

Shareholders' Equity and Equity incentive Plan

12 Months Ended

Dec. 31, 2023

Convertible Preferred Shares, Shareholders’ Deficit And Equity Incentive Plan [Abstract]

Shareholders’ Equity and Equity incentive Plan

9.	Shareholders’ Equity and Equity incentive Plan

General:

The Ordinary Shares entitle their holders to receive notice to participate and vote in general meetings of the Company, the right to share in distributions upon liquidation of the Company, and to receive dividends, if declared.

On March 21, 2021, the Company's shareholders approved the change of share capital from NIS 0.01 par value to no par-value.

On March 21, 2021, the Company's shareholders approved a share split of the Company’s Ordinary Shares at a ratio of 1-to 600. As a result of the share split, (i) every one authorized, issued and outstanding ordinary share was increased to six hundred (600) of shares authorized, issued and outstanding Ordinary Shares, (ii) the number of Ordinary Shares into which each outstanding option to purchase an Ordinary Share is exercisable was proportionally increased on a 1-to 600 basis, (iii) all share prices and exercise prices were proportionally decreased. All of the share numbers, share prices, and exercise prices have been adjusted within these consolidated financial statements, on a retroactive basis, to reflect this 1-to 600 shares split, and (iv) the conversion ratio for the convertible preferred shares to Ordinary Shares was updated on a 1-to 600 basis.

All references to ordinary and convertible preferred shares amounts and per share amounts have been retroactively restated to reflect the change in par value as if it had taken place as of the beginning of the earliest period presented.

Share options plans:

In 2013, the Company adopted the Global-e Online Ltd. 2013 Share Incentive Plan (“2013 Plan”), under which the Company may grant various forms of equity incentive compensation at the discretion of the board of directors, including share options. The awards have varying terms, but generally vest over four years. Share options expire between 7 and 10 years after the date of grant. The Company issues new Ordinary Shares upon exercise of share options.

In February 2019, the Company extended the contractual term for all share option grants from 7 years to 10 years. The Company concluded that the extension of the contractual term for all share option grants modified the terms of all outstanding share options held by employees and nonemployees.

The Company no longer grant any awards under the 2013 Plan as it was superseded by the 2021 Plan, although previously granted awards remain outstanding. Ordinary Shares subject to outstanding options granted under the 2013 Plan that expire or become unexercisable without having been exercised in full will become available again for future grant under the 2021 Plan.

The 2021 Share Incentive Plan, or the 2021 Plan, was adopted by the Company’s board of directors on March 1, 2021. The 2021 Plan provides for the grant of equity-based incentive awards to the Company’s employees, directors, office holders, service providers and consultants in order to incentivize them to increase their efforts on behalf of the Company and to promote the success of the Company’s business.

The maximum number Ordinary Shares available for issuance under the 2021 Plan is equal to the sum of (i) 13,500,000 shares, (ii) any shares subject to awards under the 2013 Plan which have expired, or were cancelled, terminated, forfeited or settled in cash in lieu of issuance of shares or became unexercisable without having been exercised, and (iii) an annual increase on the first day of each year beginning in 2022 and on January 1st of each calendar year thereafter during the term of the Plan, equal to five percent (5%) of the outstanding Ordinary Shares of the Company on the last day of the immediately preceding calendar year. No more than 13,500,000 Ordinary Shares may be issued upon the exercise of incentive stock options, or ISOs. If permitted by the Company’s board of directors, shares tendered to pay the exercise price or withholding tax obligations with respect to an award granted under the 2021 Plan or the 2013 Plan may again be available for issuance under the 2021 Plan. The Company’s board of directors may also reduce the number of Ordinary Shares reserved and available for issuance under the 2021 Plan in its discretion.

A summary of share option activity under the Company’s equity incentive plan and related information is as follows:

	Options Outstanding
	Outstanding Share Options			Weighted-Average Exercise Price		Weighted-Average Remaining Contractual Life (Years)		Aggregate Intrinsic Value
	(in thousands, except share, life and per share data)

Balance as of December 31, 2022		9,054,293		$	2.38		6.20	$	165,347
Granted		-
Exercised		(1,258,511	)	$	1.24			$	48,312
Forfeited		(34,125	)	$	2.07
Balance as of December 31, 2023		7,761,657		$	2.56		5.44	$	287,694
Exercisable as of December 31, 2023		7,368,603		$	2.47		5.37	$	294,894

During the year ended December 31, 2021, 2022 and 2023 no share options were granted. For the years ended December 31, 2021, 2022 and 2023 the total intrinsic value of the options exercised were $124,763, $18,991 and $48,312, respectively. As of December 31, 2023, unrecognized share-based compensation cost related to unvested share options was $1,849, which is expected to be recognized over a weighted-average period 0.63 years.

A summary of RSU’s activity under the Company’s equity incentive plan and related information is as follows:

	Amount of RSU’s			Weighted average grant date fair value

Unvested as of December 31, 2022		1,348,682		$	36.18
Granted		1,515,673			28.55
Vested		(757,613	)		34.38
Forfeited		(149,685	)		30.08

Unvested as of December 31, 2023		1,957,057		$	31.15

As of December 31, 2021,2022 and 2023, unrecognized share-based compensation cost related to unvested RSU’s was $23,402, $38,614 and $49,315, respectively, which are expected to be recognized over a weighted-average period of 2.55, 2.17 and 2.38 years.

Share-Based Compensation

The share-based compensation expense by line item in the accompanying consolidated statements of operations is summarized as follows:

	Year Ended December 31,
	2021		2022		2023
	(in thousands)

Cost of revenue	$	85	$	262	$	639
Research and development		4,192		21,970		26,266
Sales and marketing		1,287		3,877		4,259
General and administrative		6,437		12,800		13,796
Total share-based compensation expense	$	12,001	$	38,909	$	44,960

The Company has the following Ordinary Shares reserved for future issuance:

	December 31,
	2022		2023

Outstanding share options		9,054,293		7,761,657
Unvested RSU’s		1,348,682		1,957,057
Remaining shares available for future issuance under the Incentive Plan		19,705,622		18,370,826

Total shares of Ordinary Shares reserved		30,108,597		28,089,540

Ordinary Share warrants

Ordinary Share warrants are included as a component of additional paid in capital within the consolidated balance sheets.

During the year ended December 31, 2021, the Company granted warrants to purchase 19,604,239 shares of Ordinary Shares in connection with a commercial agreement with Shopify Inc. The exercise price was $0.01 per share, and the term of the warrants was 10 years. The Company valued the warrants at the grant date using the Black-Scholes-Merton option pricing model. In connection with these warrants, the Company recognized an asset of $423.1 and $470.5 million as of December 31, 2022, and 2023, respectively associated with the fair value of the warrants, of which 19,604,239 were vested and exercised as of December 31, 2023.

During the year ended December 31, 2022, the Company granted warrants to purchase 1,289,064 shares of Ordinary Shares in connection with a commercial agreement with Shopify Inc which were all vested and exercised. The exercise price was $0.01 per share, and the term of the warrants was 10 years. The Company valued the warrants at the fair market value at the grant date. In connection with these warrants, the Company recognized an asset of $81.7 million as of December 31, 2022 associated with the fair value of the warrants.

During the year ended December 31, 2022 the Company granted warrants of up to an aggregate of 738,081 Ordinary Shares which will vest upon the achievements of certain performance milestones. As of December 31, 2023, the first milestone has been completed and 246,027 warrants to Ordinary Shares were exercised by Shopify Inc for the price of $0.01 per share. As the Company estimates that all predetermined terms will be met, the Company recorded expenses related to this warrant to represent the probable future economic benefits to be realized over a four-year expected benefit period.

This asset is recorded in the Company’s consolidated balance sheets. Refer to Note 7.

Commercial Agreement Assets (Detail Textuals) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($) $ / shares shares	Dec. 31, 2022 USD ($) shares	Dec. 31, 2021 USD ($)	Mar. 31, 2024 ₪ / shares shares
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Number of common shares called by warrants \| shares				246,027
Amortization expense related to the commercial agreement asset \| $	$ 150,451	$ 149,047	$ 84,298
Exercise price of warrants \| ₪ / shares				₪ 0.01
Percentage of shopify owners outstanding shares	13.20%
Percentage of voting power in excess	9.70%
Commercial agreement
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Expected benefit period	four-year
Asset recognized associated with the fair value of the warrants \| $	$ 552,100	$ 504,700	280,800
Number of common shares called by warrants \| shares	246,027
Number of ordinary shares vest \| shares		738,081
Amortization expense related to the commercial agreement asset \| $	$ 150,000	$ 149,000	$ 84,300
Exercise price of warrants \| $ / shares	$ 0.01

CONSOLIDATED STATEMENTS OF OPERATIONS (Parentheticals) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Income Statement [Abstract]
Cost of revenue including related party costs	$ 177,076	$ 129,629	$ 90,315

BUSINESS COMBINATIONS (Details 2) - USD ($) $ in Thousands	12 Months Ended
BUSINESS COMBINATIONS (Details 2) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Business Combinations [Abstract]
Revenues	$ 431,599	$ 332,573
Net income (loss)	$ (201,882)	$ (124,812)

Summary of Significant Accounting Policies (Details 3)	Dec. 31, 2023
Partnership Agreement
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	6 years
Trademark
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	2 years
Marketing Asset
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	5 years
GTS Duty Calculator
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	9 years
Minimum \| Technology
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	2 years
Minimum \| Customer Relationships
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	1 year
Maximum \| Technology
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	7 years
Maximum \| Customer Relationships
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	5 years

BUSINESS COMBINATIONS (Tables)

12 Months Ended

Dec. 31, 2023

Business Acquisition [Line Items]

Schedule of fair value of assets acquired and liabilities

Cash and Cash Equivalents	$	10,334
Funds Receivable		2,755
Accounts Receivables		4,880
Prepaid Expenses and Other Accounts Receivable		1,153
Property and Equipment, net		171
Long Term Lease Deposits		75
Intangible assets		83,459
Goodwill		300,876
Total assets acquired		403,703

Liabilities
Deferred tax liabilities, net		5,560
Accounts Payable		3,762
Accrued Expenses and Other Current Liabilities		4,623
Funds Payable to Customers		2,755
Total liabilities assumed		16,700

Total purchase consideration	$	387,003

Schedule of estimate of intangible assets and estimated useful lives as of acquisition date

	Fair Value		Useful life
			(In years)

Technology (1)	$	58,892		7
Partnership Agreement (1)		11,366		6
Customer Relationships (1)		12,470		1
Trademark (1)		731		2
Total Intangible assets acquired	$	83,459

(1)

Technology, Partnership Agreement, Customer relationships and Trademark's fair values were determined using the income approach.

Schedule of business acquisition, pro forma information

	Year Ended
	December 31,
	(Unaudited)
	2021			2022

Revenues	$	332,573		$	431,599
Net income (loss)	$	(124,812	)	$	(201,882	)

Borderfree Acquisition [Member]

Business Acquisition [Line Items]

Schedule of fair value of assets acquired and liabilities

Cash and Equivalents	$	5,732
Accounts Receivable		5,021
Other receivables		971
Inventory		90
Long term receivables		2,460
Fixed assets, net		76
Intangible assets		42,832
Goodwill		66,690
Total assets acquired		123,872

Liabilities
Deferred tax liabilities, net		9,005
Accounts payable		7,746
Other accounts payable		5,241
Total liabilities assumed		21,992

Total purchase consideration	$	101,880

Schedule of estimate of intangible assets and estimated useful lives as of acquisition date

	Fair Value		Useful life
			(In years)

Marketing Asset (1)	$	19,263		5
Customer Relationships (1)		15,386		5
Technology (1)		4,785		2
GTS Duty Calculator (1)		3,398		9
Total Intangible assets acquired	$	42,832

(1)- The fair value of the assets above were determined using the income approach.

Property and Equipment, Net (Tables)

12 Months Ended

Dec. 31, 2023

Property, Plant and Equipment [Abstract]

Schedule of property and equipment, net

Property and equipment, net consisted of the following:

	December 31,
	2022			2023
	(in thousands)

Computer and software	$	2,637		$	3,176
Furniture and office equipment		1,382			1,836
Leasehold improvements		8,883			9,631

Property and equipment, gross		12,902			14,643
Less: accumulated depreciation and amortization		(2,619	)		(4,407	)

Property and equipment, net	$	10,283		$	10,236

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Cash flows from operating activities:
Net loss	$ (133,805)	$ (195,405)	$ (74,933)
Adjustments to reconcile net profit (loss) to net cash provided by operating activities:
Depreciation and amortization	1,788	1,585	331
Share-based compensation expense	44,960	38,909	12,001
Commercial agreement asset amortization	150,451	149,047	84,298
Intangible assets amortization	20,434	27,833	0
Unrealized loss (gain) on foreign currency	(1,901)	7,843	2,403
Changes in accrued interest and exchange rate on short-term deposits	(416)	(291)	0
Changes in accrued interest and exchange rate on long-term deposits	(255)	(931)	24
Realized losses from marketable securities	0	73	140
Warrants liabilities to preferred shares	0	0	5,872
Changes in operating assets and liabilities:
Decrease (increase) in accounts receivable	(11,417)	2,662	(5,591)
Increase in prepaid expenses and other assets	(11,735)	(2,685)	(23,239)
Decrease (increase) in funds receivable	(11,074)	17,097	(29,272)
Increase in other assets, noncurrent	(339)	(1,279)	0
Increase in funds payable to customers	33,107	17,736	23,143
Decrease in operating lease ROU assets	3,230	3,253	1,382
Increase in deferred contract acquisition costs	(1,207)	(761)	(814)
Increase (decrease) in accounts payable	(1,277)	16,648	5,007
Increase in accrued expenses and other liabilities	30,625	20,531	17,926
Increase (decrease) in deferred tax liabilities	120	(8,178)	(90)
Increase (decrease) operating lease liabilities	(3,067)	(4,359)	(437)
Net cash provided by operating activities	108,222	89,328	18,151
Cash flows from investing activities:
Acquisition of a business, net of cash acquired (see note 6)	0	(317,483)	0
Investment in marketable securities	(3,728)	(8,298)	(2,806)
Proceeds from marketable securities	671	8,110	748
Purchases of short-term investments	(175,319)	(78,478)	(117,205)
Purchases of long-term investments	(125,078)	(74,400)	(81,657)
Purchases of property and equipment	(1,741)	(8,352)	(2,883)
Net cash used in investing activities	(55,039)	(330,101)	(40,489)
Cash flows from financing activities:
Proceeds from exercise of share options	1,969	1,166	1,584
Proceeds from issuance of Ordinary shares in IPO, net of issuance costs	0	0	396,494
Proceeds from exercise of warrants to ordinary shares	22	73	529
Net cash provided by financing activities	1,991	1,239	398,607
Exchange rate differences on balances of cash, cash equivalents and restricted cash	1,901	(7,843)	(2,403)
Net increase (decrease) in cash, cash equivalents, and restricted cash	57,075	(247,377)	373,866
Cash and cash equivalents and restricted cash-beginning of period	211,522	458,899	85,033
Cash and cash equivalents and restricted cash-end of period	268,597	211,522	458,899
Supplemental disclosures of cash flow information:
Cash paid for income taxes	729	249	5
Supplemental disclosures of noncash investing and financing activities:
Purchases of property and equipment during the period included in accounts payable	0	0	1
ROU assets and lease liabilities created during the period	6,565	2,862	17,329
Conversion of warrants liability to ordinary shares	0	0	11,610
Recognition of Commercial agreement asset	$ 60,206	$ 235,467	$ 280,842

Accrued Expenses and Other Current Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Accrued Liabilities and Other Liabilities [Abstract]
Accrued Expenses	$ 25,806	$ 16,185
Accrued indirect taxes and related liabilities	37,654	26,347
Accrued compensation and benefits	26,821	19,918
Advancements from customers	10,522	9,163
Other current liabilities	6,503	4,377
Accrued expenses and other current liabilities	$ 107,306	$ 75,990

Goodwill and intangible assets, net (Tables)

12 Months Ended

Dec. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of goodwill

The following table represents the changes in the carrying amounts of the Company’s total goodwill:

	Carrying Amount

Balance as of December 31, 2022	$	367,566
Addition from acquisitions		-
Balance as of December 31, 2023	$	367,566

Schedule of intangible assets, net

	December 31,
	2022		2023

Cost:

Technology	$	63,677	$	63,677
Customer relations		27,856		27,856
Partnership Agreement		11,366		11,366
Marketing Asset		19,263		19,263
Trademark		731		731
GTS Duty Calculator		3,398		3,398

	$	126,291	$	126,291

Less - accumulated amortization	$	27,833	$	48,267

Intangible assets, net	$	98,458	$	78,024

Schedule of future estimated amortization expense

Estimated amortization expense for the years ended:

2024	$	18,812
2025		17,607
2026		17,607
2027		14,165
2028		8,840
Thereafter		993

	$	78,024

Schedule of amortization expense

Amortization expense related to intangible assets, net was included in the following line items in the consolidated statements of comprehensive loss:

	December 31,
	2022		2023

Cost of revenues	$	9,743	$	11,183
Selling and marketing		18,090		9,251

	$	27,833	$	20,434

- Definition

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 24
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482548/350-20-55-24

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1A
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1A

Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-2

+ Details

Related Party Transactions	12 Months Ended
Related Party Transactions	Dec. 31, 2023
Related Party Transactions [Abstract]
Related Party Transactions	13. Related Party Transactions The Company is party to a Commercial Letter with DHL International GmbH (“DHL International”), dated March 27, 2017 and amended on December 7, 2020, pursuant to which the Company has undertaken to use DHL International exclusively for the provision of express shipping services to the Company’s customers, subject to certain exclusions described therein, and DHL International has undertaken certain commitments relating to the prices under which its services are offered to the Company. The current term of the Commercial Letter ends on March 27, 2022 and shall renew automatically thereafter until terminated by either the Company or DHL International upon twelve (12) months’ notice. In addition, the Company is party to a services agreement with DHL International (UK) Limited (“DHL UK”), dated May 21, 2019, under which DHL UK provides the Company with express shipping services relating to the purchase and sale of the Company’s customers’ products. The service agreement continues until terminated by either the Company or DHL UK in accordance with its terms. The consideration paid by the Company to DHL UK pursuant to the service agreement is contingent upon the extent of the shipping services provided. The Company entered similar arrangements with other DHL affiliated entities in the Netherlands, France and Spain. On November 17, 2022, the Company extended this agreement with DHL UK to be in effect until 2025. In connection with these arrangements, the Company recorded expenses included in Cost of revenue in the total amount of $90,315, $129,629 and $177,076 to DHL affiliated entities in the years ended December 31, 2021, 2022 and 2023, respectively. As of December 31, 2022 and 2023, the balances of accounts payable and accrued expenses in regards to DHL and its affiliated entities were $36,529and $ 38,412, respectively (including duties charged by DHL).

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480990/946-20-50-2

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480990/946-20-50-5

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480990/946-20-50-6

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 235
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481062/946-235-50-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 235
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481062/946-235-50-2

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483326/850-10-50-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(g)(3))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483575/946-220-S99-1

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(c))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483575/946-220-S99-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(e))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483575/946-220-S99-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//850/tableOfContent

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483326/850-10-50-6

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483326/850-10-50-1

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483326/850-10-50-1

+ Details

Net Loss Per Share Attributable to Ordinary Shareholders

12 Months Ended

Dec. 31, 2023

Earnings Per Share [Abstract]

Net Loss Per Share Attributable to Ordinary Shareholders

12. Net Loss Per Share Attributable to Ordinary Shareholders

The following table sets forth the computation of basic and diluted net loss per share attributable to ordinary shareholders for the periods presented:

	Year Ended December 31,
	2021			2022			2023
	(in thousands, except share and per share data)

Basic net loss per share
Numerator:
Allocation of net loss		(74,933	)		(195,405	)		(133,805	)

Allocation of net loss attributable to ordinary shareholders		(74,933	)		(195,405	)		(133,805	)
Denominator:
Weighted-average shares used in computing net loss per share attributable to Ordinary shareholders		101,737,026			157,691,173			164,353,909
Basic net loss per share attributable to ordinary shareholders		(0.74	)		(1.24	)		(0.81	)

Diluted net loss per share
Numerator:
Allocation of net loss attributable for diluted computation		(74,933	)		(195,405	)		(133,805	)

Denominator:
Weighted-average shares used in computing net loss per share attributable to ordinary shareholders		101,737,026			157,691,173			164,353,909
Diluted net loss per share attributable to ordinary shareholders		(0.74	)		(1.24	)		(0.81	)

The potential shares of Ordinary Shares that were excluded from the computation of diluted net loss per share attributable to ordinary shareholders for the periods presented because including them would have been anti-dilutive are as follows:

	Year Ended December 31,
	2021		2022		2023

Unvested RSU’s		443,018		1,348,682		1,957,057
Outstanding warrants to Ordinary Shares		7,902,480		2,713,701		492,054
Outstanding share options		10,132,154		9,054,293		7,761,657
Total		18,477,652		13,116,676		10,210,768

Income Taxes (Details 1) - USD ($) $ in Thousands	12 Months Ended
Income Taxes (Details 1) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Income Tax Disclosure [Line Items]
Total current income tax expense	$ 2,059	$ 1,512	$ 795
Total deferred income tax (benefit) expense	(51)	(7,524)	(90)
Total provision for income taxes	2,008	(6,012)	705
Israel [Member]
Income Tax Disclosure [Line Items]
Total current income tax expense	0	0	0
Total deferred income tax (benefit) expense	0	0	0
Foreign [Member]
Income Tax Disclosure [Line Items]
Total current income tax expense	2,059	1,512	795
Total deferred income tax (benefit) expense	$ (51)	$ (7,524)	$ (90)

- Definition

Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

+ References + Details

Leases (Detail Textuals)	Dec. 31, 2023	Dec. 31, 2022
Leases [Abstract]
Weighted average remaining lease term	6 years 10 months 17 days	8 years 14 days
Weighted average discount rate	4.16%	3.82%

Net Loss Per Share Attributable to Ordinary Shareholders (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Numerator:
Allocation of net profit (loss)	$ (133,805)	$ (195,405)	$ (74,933)
Allocation of net profit (loss) attributable to Ordinary shareholders	$ (133,805)	$ (195,405)	$ (74,933)
Denominator:
Weighted-average shares used in computing net loss per share attributable to Ordinary shareholders	164,353,909	157,691,173	101,737,026
Basic net loss per share attributable to ordinary shareholders	$ (0.81)	$ (1.24)	$ (0.74)
Numerator:
Allocation of net loss attributable for diluted computation	$ (133,805)	$ (195,405)	$ (74,933)
Denominator:
Weighted-average shares used in computing net loss per share attributable to ordinary shareholders	164,353,909	157,691,173	101,737,026
Diluted net loss per share attributable to ordinary shareholders	$ (0.81)	$ (1.24)	$ (0.74)

Leases (Details 1) - USD ($) $ in Thousands	12 Months Ended
Leases (Details 1) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Supplemental cash flow information
Cash paid for amounts included in the measurement of lease liabilities	$ 3,391	$ 2,212	$ 1,015
Supplemental non-cash information related to lease liabilities from obtaining ROU assets	$ 6,565	$ 2,862	$ 17,329

DOCUMENT AND ENTITY INFORMATION	12 Months Ended
DOCUMENT AND ENTITY INFORMATION	Dec. 31, 2023 shares
Document Information [Line Items]
Entity Registrant Name	Global-E Online Ltd.
Entity Central Index Key	0001835963
Document Type	20-F
Amendment Flag	false
Document Period End Date	Dec. 31, 2023
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	FY
Entity File Number	001-40408
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	Yes
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Address, Country	IL
Document Registration Statement	false
Document Annual Report	true
Document Transition Report	false
Document Shell Company Report	false
Entity Interactive Data Current	Yes
Entity Voluntary Filers	No
Trading Symbol	GLBE
Title of 12(b) Security	Ordinary shares, no par value
Security Exchange Name	NASDAQ
Entity Common Stock, Shares Outstanding	165,773,914
Entity Incorporation, State or Country Code	L3
Document Accounting Standard	U.S. GAAP
Entity Address, Address Line One	9 HaPsagot Street
Entity Address, Postal Zip Code	4951041
Entity Address, City or Town	Petah Tikva
ICFR Auditor Attestation Flag	true
Auditor Firm ID	1281
Auditor Name	KOST FORER GABBAY & KASIERER
Auditor Location	Tel-Aviv, Israel
Document Financial Statement Error Correction [Flag]	false
Business Contact [Member]
Document Information [Line Items]
Entity Address, Country	IL
Contact Personnel Name	Amir Schlachet
Entity Address, Address Line One	9 HaPsagot Street
Entity Address, Postal Zip Code	4951041
Entity Address, City or Town	Petah Tikva
Local Phone Number	73-2605078
City Area Code	972

Summary of Significant Accounting Policies (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Accounting Policies [Abstract]
Cash and cash equivalents	$ 200,081	$ 165,033	$ 448,623
Cash and cash equivalents included in funds receivable	68,334	46,302	10,063
Restricted cash included in other assets	182	187	213
Total cash, cash equivalents, and restricted cash	$ 268,597	$ 211,522	$ 458,899	$ 85,033

CONSOLIDATED BALANCE SHEETS (Parentheticals) $ in Thousands	Dec. 31, 2023 USD ($) $ / shares shares	Dec. 31, 2022 USD ($) $ / shares shares
Accounts receivable \| $	$ 681	$ 724
Accounts payable and accrued expenses \| $	31,520	30,809
Accrued expenses and other current liabilities \| $	$ 6,892	$ 5,719
Common Stock, No Par Value \| (per share)	$ 0	$ 0
Common Stock, Shares Authorized \| shares	300,000,000	300,000,000
Common Stock, Shares, Issued \| shares	165,773,914	161,316,543
Common Stock, Shares, Outstanding \| shares	165,773,914	161,316,543

Summary of Significant Accounting Policies (Details 5) - USD ($)
$ in Thousands

12 Months Ended

Dec. 31, 2023

Dec. 31, 2022

Dec. 31, 2021

Concentration Risk [Line Items]

Revenue

$ 569,946

$ 409,049

$ 245,274

Percentage of revenue

100.00%

United States

Concentration Risk [Line Items]

Revenue

$ 285,619

$ 173,967

$ 71,095

Percentage of revenue

50.00%

43.00%

29.00%

United Kingdom

Concentration Risk [Line Items]

Revenue

$ 173,584

$ 146,562

$ 113,835

Percentage of revenue

30.00%

36.00%

47.00%

European Union

Concentration Risk [Line Items]

Revenue

$ 92,566

$ 78,491

$ 58,177

Percentage of revenue

16.00%

19.00%

23.00%

Israel

Concentration Risk [Line Items]

Revenue

$ 1,806

$ 1,357

$ 1,052

Percentage of revenue

^[1]

Other

Concentration Risk [Line Items]

Revenue

$ 16,371

$ 8,672

$ 1,115

Percentage of revenue

3.00%

^[1]

[1]	Less than 1%

- Definition

+ References

+ Details

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Income Statement [Abstract]
Revenue	$ 569,946	$ 409,049	$ 245,274
Cost of revenue (including related party costs of $90,315, $129,629 and $177,076 for the years ended December 31, 2021, 2022 and 2023, respectively)	336,343	250,871	153,841
Gross profit	233,603	158,178	91,433
Operating expenses:
Research and development	97,568	81,206	29,761
Sales and marketing	217,035	206,100	104,687
General and administrative	56,059	60,196	22,643
Total operating expenses	370,662	347,502	157,091
Operating loss	(137,059)	(189,324)	(65,658)
Financial expenses (income), net	(5,262)	12,093	8,570
Loss before income taxes	(131,797)	(201,417)	(74,228)
Provision for income taxes (benefits)	2,008	(6,012)	705
Net profit (loss)	(133,805)	(195,405)	(74,933)
Net loss attributable to ordinary shareholders	$ (133,805)	$ (195,405)	$ (74,933)
Net loss per share attributable to ordinary shareholders, basic	$ (0.81)	$ (1.24)	$ (0.74)
Net loss per share attributable to ordinary shareholders, diluted	$ (0.81)	$ (1.24)	$ (0.74)
Weighted-average shares used in computing net loss per share attributable to ordinary shareholders, basic	164,353,909	157,691,173	101,737,026
Weighted-average shares used in computing net loss per share attributable to ordinary shareholders, diluted	164,353,909	157,691,173	101,737,026

Income Taxes (Details 2) - USD ($) $ in Thousands	12 Months Ended
Income Taxes (Details 2) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Theoretical income tax expense (benefit)	$ (30,313)	$ (46,326)	$ (17,072)
Change in valuation allowance	28,471	43,134	26,822
Return to provision true ups	884	395	(2,490)
Foreign tax rate differentials	352	311	(76)
Shared Based Compensations non-deductible (taxable)	2,402	(929)	(8,148)
Non-deductible expenses	512	820	1,517
Tax rate change impact	(139)	(1,883)	0
Foreign exchange impact	(430)	874	273
State Taxes	170	(316)	63
Valuation allowance on acquisition balances	0	(3,482)	0
R&D credits	(208)	0	0
Other	307	1,390	(184)
Total	$ 2,008	$ (6,012)	$ 705

Marketable Securities (Details 2) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Marketable Securities [Line Items]
Less than 12 months, Fair Value	$ 488	$ 5,355
Less than 12 months, Unrealized Loss	(5)	(702)
More than 12 months, Fair Value	20,023	10,447
More than 12 months, Unrealized Loss	(1,597)	(1,239)
Mutual funds
Marketable Securities [Line Items]
Less than 12 months, Fair Value	0	1,258
Less than 12 months, Unrealized Loss	0	(19)
More than 12 months, Fair Value	0	0
More than 12 months, Unrealized Loss	0	0
Government debentures
Marketable Securities [Line Items]
Less than 12 months, Fair Value	0	789
Less than 12 months, Unrealized Loss	0	(368)
More than 12 months, Fair Value	1,157	0
More than 12 months, Unrealized Loss	(440)	0
Corporate debentures
Marketable Securities [Line Items]
Less than 12 months, Fair Value	488	3,308
Less than 12 months, Unrealized Loss	(5)	(315)
More than 12 months, Fair Value	18,866	10,447
More than 12 months, Unrealized Loss	$ (1,157)	$ (1,239)

Property and Equipment, Net (Detail Textuals) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Property, Plant and Equipment [Abstract]
Depreciation and amortization expense	$ 1,788	$ 1,585	$ 331
Wrote-off of depreciated assets	$ 105	$ 76

Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
Income Taxes (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Israel	$ (120,835)	$ (170,138)	$ 83,028
Foreign	(10,961)	31,279	8,800
Profit (loss) before the provision for income taxes	$ (131,797)	$ (201,417)	$ (74,228)

- Definition

Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(11))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483586/944-220-S99-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-22

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 30
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-30

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

Reference 5: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 31
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-31

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 235
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-05(b)(2))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479557/942-235-S99-1

Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 25
-Paragraph 1
-SubTopic 20
-Topic 940
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481913/940-20-25-1

Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(10))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 942
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(15))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483589/942-220-S99-1

+ Details

Property and Equipment, Net

12 Months Ended

Dec. 31, 2023

Property, Plant and Equipment [Abstract]

Property and Equipment, Net

4.	Property and Equipment, Net

Property and equipment, net consisted of the following:

	December 31,
	2022			2023
	(in thousands)

Computer and software	$	2,637		$	3,176
Furniture and office equipment		1,382			1,836
Leasehold improvements		8,883			9,631

Property and equipment, gross		12,902			14,643
Less: accumulated depreciation and amortization		(2,619	)		(4,407	)

Property and equipment, net	$	10,283		$	10,236

Depreciation and amortization expense were $331, $1,585 and $1,788 for the years ended December 31, 2021, 2022 and 2023, respectively. During the year ended December 31, 2022, and 2023, the Company wrote-off $76 and $105, respectively, of fully depreciated assets.

Goodwill and intangible assets, net (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
Balance Beginning	$ 367,566
Addition from acquisitions	0
Balance, Ending	$ 367,566

- Definition

Amount after accumulated impairment loss of an asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized.

+ References + Details

Shareholders' Equity and Equity incentive Plan (Detail Textuals) $ / shares in Units, $ in Thousands	1 Months Ended			12 Months Ended
	Mar. 21, 2021 ₪ / shares	Feb. 28, 2019	Jan. 31, 2019	Dec. 31, 2023 USD ($) $ / shares shares	Dec. 31, 2022 USD ($) $ / shares shares	Dec. 31, 2021 USD ($) $ / shares shares	Mar. 31, 2024 ₪ / shares shares
Convertible Preferred Shares Shareholders Deficit And Equity Incentive Plan [Line Items]
Ordinary shares split ratio	600
Ordinary shares split ratio, description				(i) every one authorized, issued and outstanding ordinary share was increased to six hundred (600) of shares authorized, issued and outstanding Ordinary Shares, (ii) the number of Ordinary Shares into which each outstanding option to purchase an Ordinary Share is exercisable was proportionally increased on a 1-to 600 basis, (iii) all share prices and exercise prices were proportionally decreased. All of the share numbers, share prices, and exercise prices have been adjusted within these consolidated financial statements, on a retroactive basis, to reflect this 1-to 600 shares split, and (iv) the conversion ratio for the convertible preferred shares to Ordinary Shares was updated on a 1-to 600 basis.
Ordinary share, par value per share \| ₪ / shares	₪ 0.01
Convertible preferred shares, par value per share \| ₪ / shares	0.01
Ordinary share, No par value \| (per share)	0			$ 0	$ 0
Temporary equity, No par value \| ₪ / shares	₪ 0
Number of common shares called by warrants							246,027
Exercise price of warrants \| ₪ / shares							₪ 0.01
RSU
Convertible Preferred Shares Shareholders Deficit And Equity Incentive Plan [Line Items]
Recognition period for unrecognized share-based compensation cost				2 years 4 months 17 days	2 years 2 months 1 day	2 years 6 months 18 days
Unrecognized share-based compensation cost related to unvested RSU’s \| $				$ 49,315	$ 38,614	$ 23,402
2013 Plan
Convertible Preferred Shares Shareholders Deficit And Equity Incentive Plan [Line Items]
Share options, award vesting period		10 years	7 years
2021 Plan
Convertible Preferred Shares Shareholders Deficit And Equity Incentive Plan [Line Items]
Plan modification description and terms				(i) 13,500,000 shares, (ii) any shares subject to awards under the 2013 Plan which have expired, or were cancelled, terminated, forfeited or settled in cash in lieu of issuance of shares or became unexercisable without having been exercised, and (iii) an annual increase on the first day of each year beginning in 2022 and on January 1st of each calendar year thereafter during the term of the Plan, equal to five percent (5%) of the outstanding Ordinary Shares of the Company on the last day of the immediately preceding calendar year. No more than 13,500,000 Ordinary Shares may be issued upon the exercise of incentive stock options, or ISOs. If permitted by the Company’s board of directors, shares tendered to pay the exercise price or withholding tax obligations with respect to an award granted under the 2021 Plan or the 2013 Plan may again be available for issuance under the 2021 Plan.
Intrinsic Value \| $				$ 48,312	18,991	$ 124,763
Share options, award vesting period				4 years
Number of maximum number ordinary shares issuance				13,500,000
Unrecognized share-based compensation cost related to unvested share options \| $				$ 1,849
Recognition period for unrecognized share-based compensation cost				7 months 17 days
2021 Plan \| Minimum
Convertible Preferred Shares Shareholders Deficit And Equity Incentive Plan [Line Items]
Expiration of Share options after date of grant				7 years
2021 Plan \| Maximum
Convertible Preferred Shares Shareholders Deficit And Equity Incentive Plan [Line Items]
Expiration of Share options after date of grant				10 years
Warrant1 [Member]
Convertible Preferred Shares Shareholders Deficit And Equity Incentive Plan [Line Items]
Number of common shares called by warrants						19,604,239
Exercise price of warrants \| $ / shares						$ 0.01
Term of warrants						10 years
Fair value of warrants \| $				$ 470,500	$ 423,100
Number of warrants vested and exercised				19,604,239
Warrant2 [Member]
Convertible Preferred Shares Shareholders Deficit And Equity Incentive Plan [Line Items]
Number of common shares called by warrants					1,289,064
Exercise price of warrants \| $ / shares					$ 0.01
Term of warrants					10 years
Fair value of warrants \| $					$ 81,700
Warrant3 [Member]
Convertible Preferred Shares Shareholders Deficit And Equity Incentive Plan [Line Items]
Number of common shares called by warrants					738,081
Exercise price of warrants \| $ / shares				$ 0.01
Number of warrants vested and exercised				246,027

Subsequent Events ( (Detail Textuals))	Mar. 31, 2024 ₪ / shares shares
Subsequent Events [Abstract]
Number of common shares called by warrants \| shares	246,027
Exercise price of warrants \| ₪ / shares	₪ 0.01

Accrued Expenses and Other Current Liabilities

12 Months Ended

Dec. 31, 2023

Accrued Liabilities and Other Liabilities [Abstract]

Accrued Expenses and Other Current Liabilities

8.	Accrued Expenses and Other Current Liabilities

Accrued expenses and other current liabilities consisted of the following:

	December 31,
	2022		2023
	(in thousands)

Accrued Expenses	$	16,185	$	25,806
Accrued indirect taxes and related liabilities		26,347		37,654
Accrued compensation and benefits		19,918		26,821
Advancements from customers		9,163		10,522
Other current liabilities		4,377		6,503
Accrued expenses and other current liabilities	$	75,990	$	107,306

BUSINESS COMBINATIONS (Details) - USD ($) $ in Thousands	Jul. 01, 2022	Jan. 03, 2022
Borderfree Acquisition [Member]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets [Abstract]
Cash and Cash Equivalents	$ 5,732
Accounts Receivables	5,021
Other receivables	971
Inventory	90
Fixed assets, net	76
Long Term Lease Deposits	2,460
Intangible assets	42,832
Goodwill	66,690
Total assets acquired	123,872
Liabilities
Deferred tax liabilities, net	9,005
Accounts Payable	7,746
Other accounts payable	5,241
Total liabilities assumed	21,992
Total purchase consideration	$ 101,880
Flow Acquisition [Member]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets [Abstract]
Cash and Cash Equivalents		$ 10,334
Funds Receivable		2,755
Accounts Receivables		4,880
Prepaid Expenses and Other Accounts Receivable		1,153
Property and Equipment, net		171
Long Term Lease Deposits		75
Intangible assets		83,459
Goodwill		300,876
Total assets acquired		403,703
Liabilities
Deferred tax liabilities, net		5,560
Accounts Payable		3,762
Accrued Expenses and Other Current Liabilities		4,623
Funds Payable to Customers		2,755
Total liabilities assumed		16,700
Total purchase consideration		$ 387,003

Shareholders' Equity and Equity incentive Plan (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Shares Available for Grant
Balance as of December 31, 2020	19,705,622
Balance as of December 31, 2021	18,370,826	19,705,622
Outstanding Share Options
Balance as of December 31, 2020	9,054,293
Balance as of December 31, 2021	7,761,657	9,054,293
2021 Plan
Outstanding Share Options
Balance as of December 31, 2020	9,054,293
Granted	0
Exercised	(1,258,511)
Forfeited	(34,125)
Balance as of December 31, 2021	7,761,657	9,054,293
Exercisable as of December 31, 2021	7,368,603
Weighted Average Exercise Price
Balance as of December 31, 2020	$ 2.38
Exercised	1.24
Forfeited	2.07
Balance as of December 31, 2021	2.56	$ 2.38
Exercisable as of December 31, 2021	$ 2.47
Weighted-Average Remaining Contractual Life (Years)	5 years 5 months 8 days	6 years 2 months 12 days
Weighted- Average Remaining Contractual Life (Years) Exercisable	5 years 4 months 13 days
Aggregate Intrinsic Value
Balance as of December 31, 2020	$ 165,347
Exercised	48,312	$ 18,991	$ 124,763
Balance as of December 31, 2021	287,694	$ 165,347
Exercisable as of December 31, 2021	$ 294,894

Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2023

Accounting Policies [Abstract]

Schedule of reconciliation of cash, cash equivalents, and restricted cash

	December 31,
	2021		2022		2023
Cash and cash equivalents	$	448,623	$	165,033	$	200,081
Cash and cash equivalents included in funds receivable	$	10,063	$	46,302	$	68,334
Restricted cash included in other assets	$	213	$	187	$	182

Total cash, cash equivalents, and restricted cash	$	458,899	$	211,522	$	268,597

Schedule of accumulated other comprehensive income

	Year ended December 31,
	2021			2022			2023
	Unrealized gain (loss) on marketable securities			Unrealized gain (loss) on marketable securities			Unrealized gain (loss) on marketable securities
Beginning balance	$	111		$	(159	)	$	(1,926	)
Net current period other comprehensive income (loss)		(410	)		(1,840	)		506
reclassification adjustments for losses included in net income		140			73			-
Total accumulated other comprehensive loss	$	(159	)	$	(1,926	)	$	(1,420	)

Schedule of estimated useful lives of property plant and equipment

Computer and software	3 years
Furniture and office equipment	3 – 7 years
Leasehold improvements	Shorter of remaining lease
	term or estimated useful life

Schedule of estimated useful lives intangible assets

	Years

Technology	2-7
Partnership Agreement	6
Customer Relationships	1-5
Trademark	2
Marketing Asset	5
GTS Duty Calculator	9

Schedule of revenue by category

	Year Ended December 31,
	2021					2022					2023
	Amount		Percentage of Revenue			Amount		Percentage of Revenue			Amount		Percentage of Revenue
	(in thousands, except percentages)

Service fees	$	96,659		39	%	$	181,887		44	%	$	262,255		46	%
Fulfillment services		148,615		61	%		227,162		56	%		307,692		54	%

Total revenue	$	245,274		100	%	$	409,049		100	%	$	569,946		100	%

	Year Ended December 31,
	2021					2022					2023
	Amount		Percentage of Revenue			Amount		Percentage of Revenue			Amount		Percentage of Revenue
	(in thousands, except percentages)

United States		71,095		29	%		173,967		43	%		285,619		50	%
United Kingdom	$	113,835		47	%	$	146,562		36	%	$	173,584		30	%
European Union		58,177		23	%		78,491		19	%		92,566		16	%
Israel		1,052		*	)		1,357		*	)		1,806		*	)
Other		1,115		*	)		8,672		2	%		16,371		3	%

Total revenue	$	245,274		100	%	$	409,049		100	%	$	569,946		100	%

*) Less than 1%

Schedule of deferred contract acquisition costs

	Year Ended December 31,
	2021			2022			2023
	(in thousands)

Beginning balance	$	987		$	1,801		$	2,562
Additions to deferred contract acquisition costs		1,188			1,378			1,463
Amortization of deferred contract acquisition costs		(374	)		(617	)		(868	)
Ending balance	$	1,801		$	2,562		$	3,157

Deferred contract acquisition costs (to be recognized in next 12 months included in other current assets)	$	487		$	737		$	970
Deferred contract acquisition costs, noncurrent		1,314			1,825			2,187
Total deferred contract acquisition costs	$	1,801		$	2,562		$	3,157

	Year Ended December 31,
	2023
	(in thousands)

Beginning balance	$	-
Additions to deferred contract acquisition costs		659
Amortization of deferred contract acquisition costs		(46	)
Ending balance	$	613

Deferred contract acquisition costs (to be recognized in next 12 months included in other current assets)	$	133
Deferred contract acquisition costs, noncurrent		481
Total deferred contract acquisition costs	$	613

Schedule of property and equipment, net by geographical region

	December 31,
	2021		2022		2023
	(in thousands)

Israel	$	18,383	$	22,823	$	23,113
United Kingdom		2,642		3,279		2,799
United States		2,326		3,828		7,265
Rest of world		26		71		111
Total assets, net	$	23,377	$	30,001	$	33,288

Schedule of warrants to preferred shares

	Year Ended December 31
	2021			2022		2023
	(in thousands)
Beginning of the year	$	5,738		$	-	$	-
Change in fair value		5,872			-		-
Conversion to shares		(11,610	)		-		-
End of year	$	-		$	-	$	-

Schedule of error corrections and prior period adjustments

	Year Ended December 31, 2022
	As Previously Stated		Adjustment			As Revised
	(in thousands)

Unrealized loss (gain) on foreign currency	$	-	$	7,843		$	7,843
Net cash provided by operating activities	$	81,485	$	7,843		$	89,328
Exchange rate differences on balances of cash, cash equivalents and restricted cash	$	-	$	(7,843	)	$	(7,843	)

	Year Ended December 31, 2021
	As Previously Stated		Adjustment			As Revised
	(in thousands)

Unrealized loss (gain) on foreign currency	$	-	$	2,403		$	2,403
Net cash provided by operating activities	$	15,748	$	2,403		$	18,151
Exchange rate differences on balances of cash, cash equivalents and restricted cash	$	-	$	(2,403	)	$	(2,403	)

Marketable Securities (Detail Textuals) $ in Thousands	Dec. 31, 2023 USD ($)
Marketable Securities [Abstract]
Marketable securities without a single maturity date	$ 8,222

Marketable Securities (Tables)

12 Months Ended

Dec. 31, 2023

Marketable Securities [Abstract]

Schedule of marketable securities classified as available-for-sale securities

	December 31, 2023
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value

Mutual funds	$	1,279	$	65	$	-		$	1,344
Government debentures		1,158		-		(440	)		718
Corporate debentures		19,386		118		(1,163	)		18,341
	$	21,823	$	183	$	(1,603	)	$	20,403

	December 31, 2022
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value

Mutual funds	$	1,274	$	3	$	(19	)	$	1,258
Government debentures		1,157		-		(368	)		789
Corporate debentures		16,307		13		(1,554	)		14,766
	$	18,738	$	16	$	(1,941	)	$	16,813

Schedule of marketable securities by contractual maturities

	December 31, 2023
	(in thousands )

Within one year		3,477
After one year through five years		5,091
After 5 years through 10 years		2,695
After 10 years		918
		12,181

Schedule of fair value and gross unrealized losses of marketable securities

	December 31, 2022					December 31, 2023
	Fair Value		Unrealized Loss			Fair Value		Unrealized Loss

Mutual Funds	$	1,258	$	(19	)	$	-	$	-
Government debentures		789		(368	)		-		-
Corporate debentures		3,308		(315	)		488		(5	)
Total	$	5,355	$	(702	)	$	488	$	(5	)

	December 31, 2022					December 31, 2023
	Fair Value		Unrealized Loss			Fair Value		Unrealized Loss

Mutual Funds	$	-	$	-		$	-	$	-
Government debentures		-		-			1,157		(440	)
Corporate debentures		10,447		(1,239	)		18,866		(1,157	)
Total	$	10,447	$	(1,239	)	$	20,023	$	(1,597	)

- Definition

Tabular disclosure of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale).

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481800/320-10-50-9

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481800/320-10-50-3

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481800/320-10-50-2

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481800/320-10-50-2

Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481800/320-10-50-2

Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (aa)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481800/320-10-50-2

Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (aaa)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481800/320-10-50-2

Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481800/320-10-50-2

Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481800/320-10-50-3

Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481800/320-10-50-3

Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481800/320-10-50-3

Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481800/320-10-50-3

+ Details

Related Party Transactions (Detail Textuals) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Related Party Transaction [Line Items]
Accounts payable and accrued expenses	$ 31,520	$ 30,809
DHL International GmbH
Related Party Transaction [Line Items]
Expenses included in cost of revenue	177,076	129,629	$ 90,315
Accounts payable and accrued expenses	$ 38,412	$ 36,529

Goodwill and intangible assets, net

12 Months Ended

Dec. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and intangible assets, net

5.	Goodwill and intangible assets, net

Goodwill

The following table represents the changes in the carrying amounts of the Company’s total goodwill:

	Carrying Amount

Balance as of December 31, 2022	$	367,566
Addition from acquisitions		-
Balance as of December 31, 2023	$	367,566

Intangible assets, net

	December 31,
	2022		2023

Cost:

Technology	$	63,677	$	63,677
Customer relations		27,856		27,856
Partnership Agreement		11,366		11,366
Marketing Asset		19,263		19,263
Trademark		731		731
GTS Duty Calculator		3,398		3,398

	$	126,291	$	126,291

Less - accumulated amortization	$	27,833	$	48,267

Intangible assets, net	$	98,458	$	78,024

As of December 31, 2021 the Company did not have any acquired intangible assets

Estimated amortization expense for the years ended:

2024	$	18,812
2025		17,607
2026		17,607
2027		14,165
2028		8,840
Thereafter		993

	$	78,024

Amortization expense related to intangible assets, net was included in the following line items in the consolidated statements of comprehensive loss:

	December 31,
	2022		2023

Cost of revenues	$	9,743	$	11,183
Selling and marketing		18,090		9,251

	$	27,833	$	20,434

For the year ended December 31, 2021 the Company did not recognize amortization expense related to acquired intangible assets.

BUSINESS COMBINATIONS

12 Months Ended

Dec. 31, 2023

Business Combinations [Abstract]

BUSINESS COMBINATIONS

6.	BUSINESS COMBINATIONS

On January 3, 2022, the Company consummated the Flow Acquisition, a private Company. Flow’s technology is a software solution for emerging brands to accelerate and optimize their global expansion and drive international sales in over 200 countries worldwide. The solution allows merchants to use the tools and services they need - whether it is localization, experience optimization, currency exchange, and payments, or Flow’s global infrastructure for shipping and tax and duty compliance. Flow was founded in 2015 and is based in Hoboken, NJ with a globally distributed workforce.

In accordance with the acquisition method of accounting, the total purchase price for the Flow Acquisition was $387,003, subject to working capital adjustments, comprised of $233,074 in cash and $153,929 in shares, based on the fair value in shares of the Company’s Ordinary Shares at the closing date.

In addition to the purchase consideration and pursuant to holdback agreements with certain Flow employees, the Company is committed to pay an amount of $24,323 and to issuing 439,200 of the Company’s Ordinary Shares, to be released over the period of two years after the acquisition date, subject to their continued service and expensed over the applicable service periods. In addition, the Company issued approximately $13,590 in RSUs to Flow employees in accordance with the terms of the Company’s equity incentive plan, which is expected to vest and be expensed over up to four years.

Under the purchase price allocation, the Company allocates the purchase price to tangible and identified intangible assets acquired and liabilities assumed based on the estimates of their fair values, which were determined using generally accepted valuation techniques based on estimates and assumptions made by management at the time of the acquisition.

Goodwill represents the purchase price paid in excess of the fair value of net tangible and intangible assets acquired, and is attributable primarily to expected synergies, economies of scale and the assembled workforce of Flow. Goodwill is not deductible for income tax purposes.

The following table summarizes the fair value of assets acquired and liabilities assumed as of the acquisition date:

Cash and Cash Equivalents	$	10,334
Funds Receivable		2,755
Accounts Receivables		4,880
Prepaid Expenses and Other Accounts Receivable		1,153
Property and Equipment, net		171
Long Term Lease Deposits		75
Intangible assets		83,459
Goodwill		300,876
Total assets acquired		403,703

Liabilities
Deferred tax liabilities, net		5,560
Accounts Payable		3,762
Accrued Expenses and Other Current Liabilities		4,623
Funds Payable to Customers		2,755
Total liabilities assumed		16,700

Total purchase consideration	$	387,003

The following table summarizes the estimate of the intangible assets and their estimated useful lives as of the acquisition date:

	Fair Value		Useful life
			(In years)

Technology (1)	$	58,892		7
Partnership Agreement (1)		11,366		6
Customer Relationships (1)		12,470		1
Trademark (1)		731		2
Total Intangible assets acquired	$	83,459

(1)

Technology, Partnership Agreement, Customer relationships and Trademark's fair values were determined using the income approach.

The results of operations of Flow have been included in the consolidated financial statements since the acquisition date of January 3, 2022. Flow's revenue included in the Company’s consolidated statement of operations from January 3, 2022 through December 31, 2022 was $21,151. There is no practical way to determine net income attributable to Flow due to integration.

On July 1, 2022, the Company consummated the Borderfree Acquisition. Borderfree's technology is a software solution for emerging brands to accelerate and optimize their global expansion and drive international sales in over 200 countries worldwide. The solution allows merchants to use the tools and services they need — whether it is localization, experience optimization, currency exchange, and payments, or Borderfree’s global infrastructure for shipping and tax and duty compliance.

In accordance with the acquisition method of accounting, the total purchase price for the Borderfree Acquisition was $101,880, subject to working capital adjustments, comprised only of cash.

Under the preliminary purchase price allocation, the Company allocates the purchase price to tangible and identified intangible assets acquired and liabilities assumed based on the preliminary estimates of their fair values, which were determined using generally accepted valuation techniques based on estimates and assumptions made by management at the time of the acquisition. Such estimates are subject to change during the measurement period which is not expected to exceed one year. No adjustments to the preliminary purchase price allocation were made during the measurement period.

Goodwill represents the purchase price paid in excess of the fair value of net tangible and intangible assets acquired, and is attributable primarily to expected synergies, economies of scale and the assembled workforce of Borderfree. Goodwill is not deductible for income tax purposes.

Acquisition-related transaction costs are not included as components of consideration transferred but are accounted for as expenses in the period in which the costs are incurred. The Company incurred transaction costs of $8,492 during the year ended December 31, 2022 which were included in general and administrative expenses in the consolidated statements of income (loss).

The following table summarizes the preliminary fair value of assets acquired and liabilities assumed as of the acquisition date:

Cash and Equivalents	$	5,732
Accounts Receivable		5,021
Other receivables		971
Inventory		90
Long term receivables		2,460
Fixed assets, net		76
Intangible assets		42,832
Goodwill		66,690
Total assets acquired		123,872

Liabilities
Deferred tax liabilities, net		9,005
Accounts payable		7,746
Other accounts payable		5,241
Total liabilities assumed		21,992

Total purchase consideration	$	101,880

The following table summarizes the preliminary estimate of the intangible assets and their estimated useful lives as of the acquisition date:

	Fair Value		Useful life
			(In years)

Marketing Asset (1)	$	19,263		5
Customer Relationships (1)		15,386		5
Technology (1)		4,785		2
GTS Duty Calculator (1)		3,398		9
Total Intangible assets acquired	$	42,832

(1)- The fair value of the assets above were determined using the income approach.

The results of operations of Bordrefree have been included in the consolidated financial statements since the acquisition date of July 1, 2022. Borderfree's revenue included in the Company’s consolidated statement of operations from July 1, 2022 through December 31, 2022 was $22,034. There is no practical way to determine net income attributable to Borderfree due to integration.

The following unaudited pro forma financial information is for illustrative purposes only and summarizes the combined results of operations for the Company, Flow, and Borderfree, as though the companies were combined as of January 1, 2021. The unaudited pro forma financial information was as follows (in thousands):

	Year Ended
	December 31,
	(Unaudited)
	2021			2022

Revenues	$	332,573		$	431,599
Net income (loss)	$	(124,812	)	$	(201,882	)

The pro forma financial information for all periods presented above has been calculated after adjusting the results of Flow and Borderfree to reflect the business combinations accounting effects resulting from these acquisitions. It includes pro forma adjustments related to the amortization of acquired intangible assets, share-based compensation expense and alignment of accounting policies.

The unaudited pro forma results have been prepared based on estimates and assumptions, which the Company believe are reasonable; however, they are not necessarily indicative of the consolidated results of operations had the acquisition occurred on January 1, 2021, or of future results of operations.

Fair Value Measurements

12 Months Ended

Dec. 31, 2023

Fair Value Disclosures [Abstract]

Fair Value Measurements

14. Fair Value Measurements

Financial instruments measured at fair value on a recurring basis.

The following table presents information about the Company’s financial instruments that are measured at fair value on a recurring basis:

	December 31, 2023
	Fair value measurements using input type
	Level 1		Level 2		Level 3		Total

Assets:
Mutual Funds	$	1,344	$	-	$	-	$	1,344
Government debentures		-		718				718
Corporate debentures		-		18,341				18,341

Total financials assets	$	1,344	$	19,059	$	-	$	20,403

	December 31, 2022
	Fair value measurements using input type
	Level 1		Level 2		Level 3		Total

Assets:
Mutual Funds	$	1,258	$	-	$	-	$	1,258
Government debentures		-		789		-		789
Corporate debentures		-		14,766		-		14,766

Total financials assets	$	1,258	$	15,555	$	-	$	16,813

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Prepaid expenses and other current assets (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Prepaid Expense and Other Assets, Current [Abstract]
Indirect tax receivables and related prepaid expenses	$ 46,802	$ 43,293
Prepaid expenses	14,805	7,847
Other	2,360	764
Prepaid expenses and other current assets	$ 63,967	$ 51,904

Shareholders' Equity and Equity incentive Plan (Details 5) - shares	Dec. 31, 2023	Dec. 31, 2022
Convertible Preferred Shares, Shareholders’ Deficit And Equity Incentive Plan [Abstract]
Outstanding share options	7,761,657	9,054,293
Unvested RSU’s	1,957,057	1,348,682
Remaining shares available for future issuance under the 2021 Plan	18,370,826	19,705,622
Total shares of ordinary shares reserved	28,089,540	30,108,597

Summary of Significant Accounting Policies (Policies)

12 Months Ended

Dec. 31, 2023

Accounting Policies [Abstract]

Basis of Presentation

Reclassifications

Certain prior period amounts have been reclassified in order to conform to the current period presentation.

Use of Estimates

Foreign Currency

Concentration of Risks

Cash, Cash Equivalents, and Restricted Cash

	December 31,
	2021		2022		2023
Cash and cash equivalents	$	448,623	$	165,033	$	200,081
Cash and cash equivalents included in funds receivable	$	10,063	$	46,302	$	68,334
Restricted cash included in other assets	$	213	$	187	$	182

Total cash, cash equivalents, and restricted cash	$	458,899	$	211,522	$	268,597

Marketable Securities

Fair Value Measurements

Level 1 – Quoted prices in active markets for identical assets or liabilities.

Level 3 – Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities.

Other Comprehensive Income (loss)

The total accumulated other comprehensive income was comprised as follows:

	Year ended December 31,
	2021			2022			2023
	Unrealized gain (loss) on marketable securities			Unrealized gain (loss) on marketable securities			Unrealized gain (loss) on marketable securities
Beginning balance	$	111		$	(159	)	$	(1,926	)
Net current period other comprehensive income (loss)		(410	)		(1,840	)		506
reclassification adjustments for losses included in net income		140			73			-
Total accumulated other comprehensive loss	$	(159	)	$	(1,926	)	$	(1,420	)

Accounts Receivable, Net

Property and Equipment, Net

The estimated useful lives of the Company’s property and equipment are as follows:

Computer and software	3 years
Furniture and office equipment	3 – 7 years
Leasehold improvements	Shorter of remaining lease
	term or estimated useful life

Business Combinations

Acquisition related costs are expensed in the statement of operations in the period incurred.

Intangible Assets

The estimated useful lives of the Company’s intangible assets are as follows:

	Years

Technology	2-7
Partnership Agreement	6
Customer Relationships	1-5
Trademark	2
Marketing Asset	5
GTS Duty Calculator	9

Goodwill

Impairment of Long-Lived Assets and intangible assets subject to amortization

Capitalized Software Costs

Revenue Recognition

The Company’s revenues are comprised of:

Fulfillment services – The Company offers shipping, handling, and other global delivery services in order to deliver merchants’ goods to consumers.

Identification of the contract, or contracts, with the customer

Identification of the performance obligations in the contract

Determination of the transaction price

Allocation of the transaction price to the performance obligations in the contract

Recognition of the revenue when, or as, a performance obligation is satisfied

Disaggregation of Revenue

The following table summarizes revenue by category:

	Year Ended December 31,
	2021					2022					2023
	Amount		Percentage of Revenue			Amount		Percentage of Revenue			Amount		Percentage of Revenue
	(in thousands, except percentages)

Service fees	$	96,659		39	%	$	181,887		44	%	$	262,255		46	%
Fulfillment services		148,615		61	%		227,162		56	%		307,692		54	%

Total revenue	$	245,274		100	%	$	409,049		100	%	$	569,946		100	%

The Company's revenues from service fees provided on a standalone basis were $8,366, $16,515 and $44,461 for the years ended December 31, 2021, 2022 and 2023, respectively.

The following table summarizes revenue by merchant outbound region:

	Year Ended December 31,
	2021					2022					2023
	Amount		Percentage of Revenue			Amount		Percentage of Revenue			Amount		Percentage of Revenue
	(in thousands, except percentages)

United States		71,095		29	%		173,967		43	%		285,619		50	%
United Kingdom	$	113,835		47	%	$	146,562		36	%	$	173,584		30	%
European Union		58,177		23	%		78,491		19	%		92,566		16	%
Israel		1,052		*	)		1,357		*	)		1,806		*	)
Other		1,115		*	)		8,672		2	%		16,371		3	%

Total revenue	$	245,274		100	%	$	409,049		100	%	$	569,946		100	%

*) Less than 1%

Deferred contract acquisition and fulfillment costs

The following tables represent a roll forward of deferred contract acquisition costs:

Cost to obtain a contract:

	Year Ended December 31,
	2021			2022			2023
	(in thousands)

Beginning balance	$	987		$	1,801		$	2,562
Additions to deferred contract acquisition costs		1,188			1,378			1,463
Amortization of deferred contract acquisition costs		(374	)		(617	)		(868	)
Ending balance	$	1,801		$	2,562		$	3,157

Deferred contract acquisition costs (to be recognized in next 12 months included in other current assets)	$	487		$	737		$	970
Deferred contract acquisition costs, noncurrent		1,314			1,825			2,187
Total deferred contract acquisition costs	$	1,801		$	2,562		$	3,157

Cost to fulfill a contract:

	Year Ended December 31,
	2023
	(in thousands)

Beginning balance	$	-
Additions to deferred contract acquisition costs		659
Amortization of deferred contract acquisition costs		(46	)
Ending balance	$	613

Deferred contract acquisition costs (to be recognized in next 12 months included in other current assets)	$	133
Deferred contract acquisition costs, noncurrent		481
Total deferred contract acquisition costs	$	613

Cost of Revenue

Research and Development

Sales and Marketing Costs

General and Administrative

Share-Based Compensation

Income Taxes

Net Earnings (Loss) Per Share Attributable to Ordinary Shareholders

Segment Information

	December 31,
	2021		2022		2023
	(in thousands)

Israel	$	18,383	$	22,823	$	23,113
United Kingdom		2,642		3,279		2,799
United States		2,326		3,828		7,265
Rest of world		26		71		111
Total assets, net	$	23,377	$	30,001	$	33,288

Legal Proceedings

Israeli Severance Pay

Warrants to preferred shares

	Year Ended December 31
	2021			2022		2023
	(in thousands)
Beginning of the year	$	5,738		$	-	$	-
Change in fair value		5,872			-		-
Conversion to shares		(11,610	)		-		-
End of year	$	-		$	-	$	-

Funds receivable and payable to customers

Accounting Pronouncements Not Yet Adopted

Immaterial Prior Period Error Correction

The following tables summarize the effects of the corrections on the Company’s consolidated statements of Cash Flows for the years ended December 31, 2022, and 2021:

	Year Ended December 31, 2022
	As Previously Stated		Adjustment			As Revised
	(in thousands)

Unrealized loss (gain) on foreign currency	$	-	$	7,843		$	7,843
Net cash provided by operating activities	$	81,485	$	7,843		$	89,328
Exchange rate differences on balances of cash, cash equivalents and restricted cash	$	-	$	(7,843	)	$	(7,843	)

	Year Ended December 31, 2021
	As Previously Stated		Adjustment			As Revised
	(in thousands)

Unrealized loss (gain) on foreign currency	$	-	$	2,403		$	2,403
Net cash provided by operating activities	$	15,748	$	2,403		$	18,151
Exchange rate differences on balances of cash, cash equivalents and restricted cash	$	-	$	(2,403	)	$	(2,403	)

Summary of Significant Accounting Policies (Details 2)	Dec. 31, 2023
Computer and software
Property, Plant and Equipment [Line Items]
Estimated useful lives	3 years
Furniture and office equipment \| Minimum
Property, Plant and Equipment [Line Items]
Estimated useful lives	3 years
Furniture and office equipment \| Maximum
Property, Plant and Equipment [Line Items]
Estimated useful lives	7 years
Leasehold improvements
Property, Plant and Equipment [Line Items]
Estimated useful lives	us-gaap:UsefulLifeTermOfLeaseMember

Net Loss Per Share Attributable to Ordinary Shareholders (Tables)

12 Months Ended

Dec. 31, 2023

Earnings Per Share [Abstract]

Schedule of earnings per share, basic and diluted

	Year Ended December 31,
	2021			2022			2023
	(in thousands, except share and per share data)

Basic net loss per share
Numerator:
Allocation of net loss		(74,933	)		(195,405	)		(133,805	)

Allocation of net loss attributable to ordinary shareholders		(74,933	)		(195,405	)		(133,805	)
Denominator:
Weighted-average shares used in computing net loss per share attributable to Ordinary shareholders		101,737,026			157,691,173			164,353,909
Basic net loss per share attributable to ordinary shareholders		(0.74	)		(1.24	)		(0.81	)

Diluted net loss per share
Numerator:
Allocation of net loss attributable for diluted computation		(74,933	)		(195,405	)		(133,805	)

Denominator:
Weighted-average shares used in computing net loss per share attributable to ordinary shareholders		101,737,026			157,691,173			164,353,909
Diluted net loss per share attributable to ordinary shareholders		(0.74	)		(1.24	)		(0.81	)

Schedule of antidilutive securities excluded from computation of diluted net loss per share

	Year Ended December 31,
	2021		2022		2023

Unvested RSU’s		443,018		1,348,682		1,957,057
Outstanding warrants to Ordinary Shares		7,902,480		2,713,701		492,054
Outstanding share options		10,132,154		9,054,293		7,761,657
Total		18,477,652		13,116,676		10,210,768

Summary of Significant Accounting Policies (Detail Textuals) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Concentration Risk [Line Items]
Other than temporary impairment recognized in earnings			$ 140
Assets	$ 733	$ 1,227
Liability	1,071	1,762
Severance expenses	$ 691	2,167
Severance pay description	Pursuant to Israel’s Severance Pay Law, Israeli employees are entitled to severance pay equal to one month’s salary for each year of employment, or a portion thereof. The Company has elected to include its employees in Israel under Section 14 of the Severance Pay Law, under which these employees are entitled only to monthly deposits made in their name with insurance companies, at a rate of 8.33% of their monthly salary.
Service fees
Concentration Risk [Line Items]
Revenue	$ 44,461	$ 16,515	8,366
Largest customer
Concentration Risk [Line Items]
Revenue			$ 31,346

- Definition

Amount of asset, recognized in statement of financial position, for overfunded defined benefit pension and other postretirement plans.

+ References + Details

Commercial Agreement Assets

12 Months Ended

Dec. 31, 2023

Commercial Agreement Assets [Abstract]

Commercial Agreement Assets

7.	Commercial Agreement Assets

During the years ended December, 2021 and 2022, the Company recognized assets in connection with commercial agreements with Shopify , in which the Company granted warrants in exchange for the benefit of being an exclusive third-party provider of an end-to-end cross-border solution and for providing a white label solution for Shopify Markets Pro These assets represent the probable future economic benefits to be realized over a four-year expected benefit period and are valued based on the fair value of the vested warrants on the grant date. As of December 31, 2021, 2022 and 2023 the Company recognized assets of $280.8 million, $504.7 million $552.1 million associated with the fair value of the vested warrants.

During the year ended December 31, 2022 the Company granted Shopify warrants of up to an aggregate of 738,081 Ordinary Shares which will vest upon the achievements of certain performance milestones.

As at December 31, 2023, the first milestone has been completed and 246,027 warrants to Ordinary Shares were exercised by Shopify Inc. for the price of $0.01 per share. As the Company estimates that all predetermined terms will be met, the Company recorded expenses related to this warrant to represent the probable future economic benefits to be realized over a four-year expected benefit period. See note 16 for additional information.

For the years ended December 31, 2021, 2022 and 2023, the Company recorded amortization expenses related to the commercial agreement assets of $84.3 million, $149 million and $150 million, respectively, in the Company’s consolidated statements of operations as a component of sales and marketing expense.

Shopify are owners of 13.2% of Global-e outstanding shares as of December 31, 2023. Shopify has undertaken, on behalf of itself and its affiliates, to not cast any votes with respect to Ordinary Shares which provide Shopify with voting power in excess of 9.7% of the Company’s issued and outstanding equity as of December 31, 2023.