Innovid Corp.
CTVDelisted Feb 13, 2025- Industry
- Services-Prepackaged Software
- SEC CIK
- 0001835378
Innovid Corp. was delisted on Feb 13, 2025; its insiders filed their last Form 4 on Feb 14, 2025; 104 institutions reported holding it in 13F filings for Q4 2024, worth $238.0M in total; no superinvestor held it.
- Currency
- USD
- Source
- SEC XBRL data (10-K, 10-Q, 20-F, 40-F)
- Updated
- Oct 8, 2026, 2:35 PM ET
Revenue flow, FY2023
Where the revenue went in FY2023, from the income statement below. Green is profit; orange is costs, expenses and taxes. Percentages are shares of revenue; hover over a band or a bar for the exact amount.
Net loss for FY2023: $31.9M (22.8% of revenue).
Income statement
Each column is one fiscal year, newest first.
| Line item | FY2023 | FY2022 | FY2021 |
|---|---|---|---|
| Period end | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K |
| Reported | Feb 27, 2024 | Feb 24, 2023 | Feb 7, 2022 |
| Revenue | $139.9M | $127.1M | $90.3M |
| Cost of revenue | $33.8M | $30.2M | $17.8M |
| Gross profit | – | – | $72.5M |
| Operating expenses | – | – | $78.4M |
| Research and development | $26.9M | $31.1M | $24.6M |
| Selling, general and administrative | $39.1M | $39.1M | $20.7M |
| Operating income | -$33.0M | -$29.7M | -$5.85M |
| Interest expense | $1.45M | – | – |
| Income tax | $2.37M | $2.02M | $1.24M |
| Net income | -$31.9M | -$18.4M | -$11.5M |
| EPS, basic | $-0.23 | $-0.14 | $-3.31 |
| EPS, diluted | $-0.23 | $-0.14 | $-3.31 |
| Weighted shares, basic | 138.6M | 130.8M | 26.7M |
| Weighted shares, diluted | 138.6M | 130.8M | 26.7M |
| Margins and growth | |||
| Gross margin | – | – | 80.3% |
| Operating margin | -23.6% | -23.4% | -6.5% |
| Net margin | -22.8% | -14.5% | -12.7% |
| Revenue growth, year over year | +10.0% | +40.8% | – |
Balance sheet
Each column is one fiscal year, newest first.
| Line item | FY2023 | FY2022 | FY2021 |
|---|---|---|---|
| Period end | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K |
| Reported | Feb 27, 2024 | Feb 24, 2023 | Feb 7, 2022 |
| Cash and equivalents | $49.6M | $37.5M | $156.7M |
| Accounts receivable | $46.4M | $43.7M | $35.4M |
| Total current assets | $101.6M | $93.8M | $195.2M |
| Property, plant and equipment | $18.4M | $14.3M | $4.84M |
| Goodwill | $102.5M | $117.0M | $4.55M |
| Intangible assets | $24.3M | $29.9M | $0 |
| Total assets | $250.0M | $259.6M | $205.5M |
| Accounts payable | $2.81M | $3.36M | $5.03M |
| Short-term debt | – | $0 | $6.00M |
| Total current liabilities | $25.5M | $21.2M | $21.9M |
| Long-term debt | $20.0M | $20.0M | $0 |
| Total liabilities | $54.0M | $53.7M | $44.3M |
| Shareholders' equity | $196.0M | $205.9M | $161.3M |
Cash flow statement
Each column is one fiscal year, newest first. Free cash flow is operating cash flow minus capital expenditures.
| Line item | FY2023 | FY2022 | FY2021 |
|---|---|---|---|
| Period end | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K |
| Reported | Feb 27, 2024 | Feb 24, 2023 | Feb 7, 2022 |
| Operating cash flow | $12.4M | -$11.6M | -$2.42M |
| Capital expenditures | $684.0K | $488.0K | $549.0K |
| Free cash flow | $11.8M | -$12.0M | -$2.97M |
| Depreciation and amortization | $13.0M | $6.14M | $661.0K |
| Stock-based compensation | $20.0M | $13.8M | $3.27M |
| Investing cash flow | -$479.0K | -$119.4M | -$3.69M |
| Financing cash flow | $794.0K | $11.8M | $147.2M |
| Net change in cash | $12.0M | -$119.2M | $141.1M |
| Ratio | |||
| Stock-based compensation, % of revenue | 14.3% | 10.8% | 3.6% |
Shares outstanding
Common shares outstanding as stated on the cover of each 10-K and 10-Q. The date is the cover date, not the period end; a rising count means dilution.
Notes and known gaps
How these numbers are put together, and what they can't tell you.
- Numbers come from the XBRL data in each period's original 10-K, 10-Q, 20-F or 40-F, or its amendment. They are shown as filed: later filings don't restate earlier periods here.
- Reported is the filing date of the first 8-K with Item 2.02 (results of operations) after the period ended, no later than the 10-Q or 10-K and within 120 days. Companies that release results only in the 10-Q, and foreign companies, which use Form 6-K, have none.
Known gaps
- Foreign companies that file Form 20-F or 40-F have annual statements only: their quarterly results are furnished on Form 6-K, which has no XBRL data.
- EPS and share counts are as reported at the time, not adjusted for later stock splits.
- For ADRs, EPS is per ordinary share, not per ADS (one TSMC ADS is five ordinary shares).
- For banks, revenue may be interest income only, depending on how the bank tags its filings; cost of revenue and gross profit are usually blank.
- Companies with several share classes, such as Berkshire Hathaway, may have no EPS and no cover share count.
- Depreciation and amortization is missing for some companies that report it under their own XBRL tags.