$ALAR

Alarum Technologies Ltd.

CIK:0001725332|SEC Filings

Consolidated Statements of Profit or Loss and Other Comprehensive Income (Loss) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Continuing operations
Revenue	$ 40,755	$ 31,824	$ 26,521
Cost of revenue	16,916	7,915	7,711
Gross profit	23,839	23,909	18,810
Operating expenses:
Research and development	7,526	4,495	3,557
Selling and marketing	9,129	7,033	10,035
General and administrative	6,977	5,661	4,406
Impairment of goodwill			6,311
Total operating expenses	23,632	17,189	24,309
Operating profit (loss)	207	6,720	(5,499)
Financial expense	(266)	(514)	(786)
Financial income	1,532	795	196
Financial income (expense), net	1,266	281	(590)
Profit (loss) from continuing operations, before income tax	1,473	7,001	(6,089)
Tax benefit (expense)	(510)	(1,221)	482
Profit (loss) from continuing operations, net of income tax	963	5,780	(5,607)
Discontinued operations
Profit from discontinued operations, net of income tax			82
Net profit (loss) for the year	963	5,780	(5,525)
Other comprehensive income (loss) for the year:
Change in fair value of debt investments at fair value through other comprehensive income, net of tax	206	(80)
Total comprehensive income (loss) for the year	$ 1,169	$ 5,700	$ (5,525)
Basic profit (loss) per share:
Continuing operations (in Dollars per share)	$ 0.01	$ 0.09	$ (0.14)
Discontinued operations (in Dollars per share)			0
Basic profit (loss) per share (in Dollars per share)	0.01	0.09	(0.14)
Diluted profit (loss) per share:
Continuing operations (in Dollars per share)	0.01	0.08	(0.14)
Discontinued operations (in Dollars per share)			0
Diluted profit (loss) per share (in Dollars per share)	$ 0.01	$ 0.08	$ (0.14)

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Cash flows from operating activities
Net profit (loss) for the year	$ 963	$ 5,780	$ (5,525)
Adjustments for:
Effect of exchange rate differences on cash and cash equivalents and restricted deposits balances	447	37	(41)
Issuance costs			123
Change in fair value of derivative financial instruments	(148)	39	2
Interest income related to debt investments at fair value through other comprehensive income	(512)	(32)
Change in fair value of debt investments at fair value through profit or loss	(37)	2
Interest and other financial expense related to long-term loan	101	262	239
Interest expense related to short-term bank loans			102
Interest income related to cash equivalents	(484)	(763)	(103)
Interest expense of lease payments	102	132	88
Finance expense related to other non-current liability	15
Depreciation and amortization	1,138	912	1,152
Impairment of goodwill and intangible assets			8,991
Gain from sale of discontinued operations			(82)
Loss on disposal of property and equipment	9		8
Share-based payments	3,445	2,017	933
Total adjustments	4,076	2,606	11,412
Changes in asset and liability items:
Trade receivables, net	(8,565)	(1,237)	(204)
Other receivables	(819)	18	353
Trade payables	51	(118)	(1,798)
Other payables	4,564	2,079	55
Deferred tax assets	(444)	(241)	(482)
Contract liabilities	444	4	813
Changes in operating asset and liability, total	(4,769)	505	(1,263)
Cash generated from operations	270	8,891	4,624
Income taxes paid	(2,284)
Net cash provided by (used in) operating activities	(2,014)	8,891	4,624
Cash flows from investing activities
Purchase of debt investments at fair value through other comprehensive income	(273)	(9,437)
Sale of debt investments at fair value through other comprehensive income	264
Interest received related to debt investments at fair value through other comprehensive income	483	9
Purchase of debt investments at fair value through profit or loss		(557)
Interest received related to cash equivalents	484	763	103
Investment in long-term deposits and restricted deposits	(344)	(21)	(72)
Withdrawal of long-term deposits and restricted deposits		7	154
Withdrawal of short-term restricted deposits	110		560
Purchase of property and equipment	(143)	(99)	(55)
Purchase of intangible asset	(270)
Proceeds from sale of property and equipment	3		5
Net cash provided by (used in) investing activities	314	(9,335)	695
Cash flows from financing activities
Proceeds from public and private offerings			4,256
Issuance costs in connection with public and private offerings		(102)	(478)
Proceeds from at-the-market offering			768
Issuance costs in connection with at-the-market offering			(164)
Proceeds from exercise of options and warrants	147	5,521	352
Short-term bank loans received			4,800
Repayment of short-term bank loans			(6,400)
Interest paid related to short-term bank loans			(108)
Long-term loans received			888
Long-term loans interest payments	(93)	(202)	(276)
Long-term loans principal payments		(122)	(639)
Other payments related to long-term loans			(500)
Interest portion of lease payments	(102)	(132)	(88)
Principal portion of lease payments	(588)	(273)	(198)
Net cash provided by (used in) financing activities	(636)	4,690	2,213
Changes in cash and cash equivalents	(2,336)	4,246	7,532
Effect of exchange rate changes on cash and cash equivalents	(478)	(37)	50
Cash and cash equivalents at beginning of the year	15,081	10,872	3,290
Cash and cash equivalents at end of the year	12,267	15,081	10,872
Supplemental disclosure of non-cash investing and financing activities:
Addition of right-of-use assets	3,001	16	903
Proceeds for sale of discontinued operations			82
Decrease of right-of-use assets and lease liabilities	346
Long-term loan settled by share issuance	978
Addition of intangible assets	$ 1,650

Consolidated Statements of Financial Position - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Current assets:
Cash and cash equivalents	$ 12,267	$ 15,081
Accounts receivable:
Trade, net	11,796	3,231
Other	1,271	503
Total current assets	25,334	18,815
Non-current assets:
Long-term deposits and restricted deposits	400	124
Other non-current assets	82	82
Property and equipment, net	190	130
Right-of-use assets	2,750	498
Deferred tax assets	866	422
Debt investments at fair value through other comprehensive income	9,496	9,256
Debt investments at fair value through profit or loss	592	555
Intangible assets, net	2,064	811
Goodwill	4,118	4,118
Total non current assets	20,558	15,996
Total assets	45,892	34,811
Current liabilities:
Trade	427	251
Other	7,930	4,484
Current maturities of long-term loans		938
Contract liabilities	2,431	1,987
Derivative financial instruments		148
Short-term lease liabilities	692	359
Total current liabilities	11,480	8,167
Non-current liabilities:
Other non-current liability	375
Long-term lease liabilities	1,947	261
Long-term loans, net of current maturities		32
Total non current liabilities	2,322	293
Total liabilities	13,802	8,460
Equity:
Ordinary shares
Share premium	114,792	111,892
Other equity reserves	12,888	11,012
Accumulated deficit	(95,590)	(96,553)
Total equity	32,090	26,351
Total liabilities and equity	$ 45,892	$ 34,811