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Hub Cyber Security Ltd.

SIC 3576 · Computer Communications Equipment
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Hub Cyber Security Ltd.

CIK:0001905660|SEC Filings
v3.26.1
Consolidated Statements of Profit or Loss - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Profit or loss [abstract]      
Revenues $ 31,662 $ 29,562 $ 42,657
Cost of revenues 26,372 24,515 41,907
Gross profit 5,290 5,047 750
Research and development expenses, net 2,745 2,002 5,886
Sales and marketing expenses 10,200 4,182 [1] 10,694
General and administrative expenses 66,724 24,905 [1] 49,172
Other expenses (income), net (4,094) 181 12,723
Operating loss (70,285) (26,223) (77,725)
Finance income (2,227) (2,220) (484)
Finance expenses 49,248 12,586 7,194
Loss before taxes on income (117,306) (36,589) (84,435)
Taxes on income (tax benefit) 743 557 171
Loss from continuing operation (118,049) (37,146) (84,606)
Net income (loss) from discontinued operation (1,741) (1,885) (2,030)
Attributable to:      
Equity holders of the Company (119,787) (39,757) (87,446)
Non-controlling interests (3) 726 810
Profit (loss) $ (119,790) $ (39,031) $ (86,636)
Basic loss per share from continuing operation (in Dollars per share) [2] $ (105.2) $ (214,500) $ (1,320,000)
Diluted loss per share from continuing operation (in Dollars per share) (in Dollars per share) [2] (105.2) (214,500) (1,320,000)
Basic loss per share from discontinued operation (in Dollars per share) [2] (1.6) (10,500) (31,500)
Diluted loss per share from discontinued operation (in Dollars per share) (in Dollars per share) [2] $ (1.6) $ (10,500) $ (31,500)
Weighted average number of shares outstanding used in computation of basic loss per share (in Shares) [2] 1,122 176 64
Weighted average number of shares outstanding used in computation of Diluted loss per share (in Shares) (in Shares) [2] 1,122 176 64
[1] Expenses related to the Company’s public listing and capital raising activities in 2024 were reclassified from sales and marketing expenses to general and administrative expenses.
[2] Shares and per share amounts have been retroactively adjusted to reflect the reverse share splits at a ratio of 1:10 in March 2025, 1:15 in January 2026, 1:50 in April 2026 and 1:20 in June 2026.