$RVSNW

Rail Vision Ltd.

CIK:0001743905|SEC Filings

Statements of Comprehensive Loss - USD ($)
$ in Thousands

12 Months Ended

Dec. 31, 2025

Dec. 31, 2024

Dec. 31, 2023

Income Statement [Abstract]

Revenues

$ 1,487

$ 1,300

$ 142

Cost of revenues

(935)

(850)

(61)

Gross profit (loss)

552

450

Research and development expenses

(6,864)

(5,279)

(7,145)

General and administrative expenses

(5,423)

(4,175)

(4,339)

Operating loss

(11,735)

(9,004)

(11,403)

Financial (expenses) income:

Revaluation of derivatives, warrants liabilities and others

(380)

(20,181)

Other financing income (expenses), net

1,015

(1,523)

255

Net loss

$ (11,100)

$ (30,708)

$ (11,148)

Basic loss per ordinary share

^[1]

$ (6.15)

$ (55.41)

$ (129.26)

Diluted loss per ordinary share

^[1]

$ (6.15)

$ (55.41)

$ (129.26)

Weighted average number of ordinary shares outstanding used in computing basic loss per ordinary share

^[1]

1,805,364

554,185

86,243

Weighted average number of ordinary shares outstanding used in computing diluted loss per ordinary share

^[1]

1,805,364

554,185

86,243

[1]	Retroactively adjusted to reflect a reverse share split of the Company’s ordinary shares effected on February 4, 2026 (see Note 1B).

Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
Statements of Cash Flows - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Cash flows from operating activities
Loss for the year	$ (11,100)	$ (30,708)	$ (11,148)
Adjustments to reconcile loss to net cash used in operating activities:
Depreciation	132	148	171
Share-based payment	1,460	398	273
Exchange rate changes on cash and cash equivalents	(219)	27	(70)
Revaluation of derivatives and warrants liabilities	380	20,181
Amortization of a discount related to a convertible loan credit facility		1,229
Changes in operating assets and liabilities:
Decrease (increase) in accounts receivable	280	(495)	115
Decrease (increase) in other current assets	104	(100)	(111)
Increase in inventory	97	(327)	(977)
Change in operating lease liability, net.	54	20	(8)
Increase (decrease) in trade accounts payable	112	(78)	129
Increase (decrease) in other accounts payable	(422)	23	1,108
Net cash used in operating activities	(9,122)	(9,682)	(10,518)
Cash flows from investing activities
Purchase of fixed assets	(125)	(30)	(152)
Net cash used in investing activities	(125)	(30)	(152)
Cash flows from financing activities:
Proceeds from a convertible loan credit facility and issuance of warrants		1,500
Payments on convertible loan credit facility		(1,000)
Proceeds from exercise of warrants, net of issuance expenses	2,204	9,687
Issuance of ordinary shares and warrants, net of issuance costs	9,585	13,731	5,397
Net cash provided by financing activities	11,789	23,918	5,397
Effect of exchange rate changes on cash and cash equivalents	219	(27)	70
Increase (decrease) in cash, cash equivalents and restricted cash	2,761	14,179	(5,203)
Cash, cash equivalents and restricted cash at the beginning of the period	17,468	3,289	8,492
Cash, cash equivalents and restricted cash at the end of the period	20,229	17,468	3,289
Non-Cash Activities:
Conversion of a convertible loan credit facility to ordinary shares		500
Issuance expenses recorded in other accounts payables		$ 103

Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Current assets
Cash and cash equivalents	$ 19,957	$ 17,238
Restricted cash	272	230
Accounts receivable	215	495
Inventories	1,207	1,304
Other current assets	342	436
Total current assets	21,993	19,703
Operating lease - right of use asset	254	582
Fixed assets, net	296	312
Total non current assets	550	894
TOTAL ASSETS	22,543	20,597
Current liabilities
Trade accounts payable	219	107
Current operating lease liability	248	305
Other accounts payable	1,742	2,266
Total current liabilities	2,209	2,678
Non-current operating lease liability		217
TOTAL LIABILITIES	2,209	2,895
Shareholders’ equity
Ordinary shares, no par value (*); Authorized: 100,000,000 shares as of December 31, 2025, and 2024; Issued and outstanding: 2,014,263 and 1,264,757 shares as of December 31, 2025, and 2024
Additional paid in capital	128,104	114,372
Accumulated deficit	(107,770)	(96,670)
Total shareholders’ equity	20,334	17,702
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$ 22,543	$ 20,597