Private company
Innovid Corp.
Innovid is a leading enterprise software platform for the creation, delivery, measurement, and optimization of advertising across connected TV (“CTV”), linear TV, mobile, and desktop environments.1
Last updated Oct 19, 2026.
Overview
- IndustryServices-Prepackaged Software1
- HeadquartersNew York, New York1
- Incorporated inDE2
- Business address116 East 16Th Street, 6Th Floor, New York, Ny 100032
- Filer category, Emerging growth company2
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Innovid is a leading enterprise software platform for the creation, delivery, measurement, and optimization of advertising across connected TV (“CTV”), linear TV, mobile, and desktop environments. We provide critical technology infrastructure for many of the world’s largest brands, agencies, and publishers, and empower them to create ad-supported TV experiences people love. Our vision—that television should be open for everyone, and controlled by no one—is at the heart of how we operate our business as an independent platform, and as a strategic, trusted partner for our clients.3 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2023
Where the money goes
Where each dollar of revenue went, fiscal 2023
- Cost of revenue24¢$33.8M
- Research and development19¢$26.9M
- Other costs55¢$76.8M
- Income tax2¢$2.4M
Out of $139.9M in revenue.4 The company lost money this year.
Where each dollar of operating cash went, fiscal 2023
- Capital spending5¢$684.0K
- Kept or used elsewhere95¢$11.8M
Out of $12.4M of cash from operations.4
Financial statements
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Revenue | $56.3M5 | $68.8M6 | $90.3M4 | $127.1M4 | $139.9M4 | |
| Cost of revenue | $10.6M5 | $12.3M6 | $17.7M4 | $30.2M4 | $33.8M4 | |
| Gross profit | $45.8M5 | $56.4M5 | $72.5M5 | |||
| Research and development | $14.8M5 | $18.0M6 | $24.3M4 | $31.1M4 | $26.9M4 | |
| Operating expenses | $78.4M5 | |||||
| Operating income | -$6.0M5 | $1.1M6 | -$5.8M4 | -$29.7M4 | -$33.0M4 | |
| Income before tax | -$10.2M4 | -$16.4M4 | -$29.5M4 | |||
| Income tax | $902.0K5 | $1.2M6 | $1.2M4 | $2.0M4 | $2.4M4 | |
| Net income | -$7.3M5 | -$812.0K6 | -$11.5M4 | -$18.4M4 | -$31.9M4 | |
| Earnings per share | -$0.595 | -$0.516 | -$3.314 | -$0.144 | -$0.234 | |
| Earnings per share (diluted) | -$0.595 | -$0.516 | -$3.314 | -$0.144 | -$0.234 | |
| Shares (weighted, basic) | 26.7M shares4 | 130.8M shares4 | 138.6M shares4 | |||
| Shares (weighted, diluted) | 26.7M shares4 | 130.8M shares4 | 138.6M shares4 |
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Cash | $3.6M5 | $11.6M5 | $15.6M6 | $156.7M4 | $37.5M4 | $49.6M4 |
| Receivables | $35.4M6 | $43.7M4 | $46.4M4 | |||
| Current assets | $51.6M5 | $195.2M6 | $93.8M4 | $101.6M4 | ||
| Property, plant and equipment | $4.8M6 | $14.3M4 | $18.4M4 | |||
| Goodwill | $4.6M4 | $117.0M4 | $102.5M4 | |||
| Intangible assets | $06 | $29.9M4 | $24.3M4 | |||
| Total assets | $59.5M5 | $205.5M6 | $259.6M4 | $250.0M4 | ||
| Accounts payable | $5.0M6 | $3.4M4 | $2.8M4 | |||
| Short-term debt | $6.0M6 | $06 | ||||
| Current liabilities | $11.0M5 | $21.9M6 | $21.2M4 | $25.5M4 | ||
| Long-term debt | $7.5M5 | $06 | $20.0M4 | $20.0M4 | ||
| Long-term liabilities | $22.4M6 | $32.5M4 | $28.5M4 | |||
| Total liabilities | $22.2M5 | $44.3M6 | $53.7M4 | $54.0M4 | ||
| Retained earnings | -$132.5M6 | -$150.9M4 | -$182.8M4 | |||
| Shareholders’ equity | -$33.9M5 | -$42.8M6 | -$49.7M4 | $161.3M4 | $205.9M4 | $196.0M4 |
| Shares outstanding | 16.3M shares5 | 119.0M shares6 | 133.9M shares4 | 141.2M shares4 |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Cash from operations | -$9.0M5 | -$4.2M6 | -$2.4M4 | -$11.6M4 | $12.4M4 | |
| Depreciation and amortization | $661.0K4 | $6.1M4 | $13.0M4 | |||
| Stock-based compensation | $3.3M4 | $13.8M4 | $20.0M4 | |||
| Capital spending | $1.7M5 | $1.0M6 | $549.0K4 | $488.0K4 | $684.0K4 | |
| Free cash flow | -$10.6M | -$5.2M | -$3.0M | -$12.0M | $11.8M | |
| Cash from investing | -$3.7M4 | -$119.4M4 | -$479.0K4 | |||
| Cash from financing | $147.2M4 | $11.8M4 | $794.0K4 |
Leadership
Who has led Innovid Corp., and when. Pick a name to see everywhere that person has worked.
Chief executive
President
Chief financial officer
Chief operating officer
- Chief executive officerGilad Shany Feb 10, 2021 to Feb 10, 202110
- Chief executive officerZvika Netter Dec 2, 2021 to Feb 13, 202511
- PresidentAvrom Gilbert Feb 10, 2021 to Feb 10, 202112
- Chief financial officerAnthony Callini Oct 20, 2023 to Feb 13, 202513
- Chief financial officerAnthony Reich Feb 10, 2021 to Feb 10, 202114
- Chief financial officerTanya Andreev-Kaspin Dec 2, 2021 to Apr 3, 202315
- Chief operating officerKenneth Markus Mar 7, 2023 to Feb 13, 202516
- Chief operating officerAvrom Gilbert Feb 10, 2021 to Feb 10, 202112
Board members and other officers (15)
- Chief Commercial OfficerDavid Helmreich Mar 6, 2023 to Aug 8, 202417
- See Explanation of ResponsesGilad Shany Feb 10, 2021 to Feb 10, 202118
- Chief Technology OfficerTal Chalozin Dec 2, 2021 to Jan 5, 202319
- Board memberGenevieve Juillard Apr 20, 2023 to Feb 13, 202520
- Board memberBrian F. Hughes Jul 12, 2022 to Feb 13, 202521
- Board memberGabi Seligsohn Feb 10, 2021 to Feb 10, 202122
- Board memberGilad Shany Feb 10, 2021 to Feb 14, 202518
- Board memberJonathan Kolber Feb 10, 2021 to Feb 10, 202123
- Board memberLior Shemesh Feb 10, 2021 to Feb 10, 202124
- Board memberRinat Gazit Feb 10, 2021 to Feb 10, 202125
- Board memberJonathan Saacks Dec 2, 2021 to Jun 8, 202326
- Board memberMichael A. Dipiano Dec 2, 2021 to Feb 13, 202527
- Board memberRachel Lam Dec 2, 2021 to Aug 16, 202328
- Board memberSteven Cakebread Dec 2, 2021 to Jun 9, 202229
- Board memberZvika Netter Dec 2, 2021 to Feb 13, 202511
Former names
- ION Acquisition Corp 2 Ltd.Dec 15, 2020 to Nov 26, 20212
Timeline
Filings
270 filings to the SEC since October 2021: 3 annual reports, 11 quarterly reports, 46 major events, 102 insider forms, 23 large holders, 85 other. The latest 20:
- May 15, 2025SCHEDULE 13G/A EDGAR
- May 15, 2025SCHEDULE 13G/A EDGAR
- May 14, 2025SCHEDULE 13G/A EDGAR
- Feb 24, 202515-12G EDGAR
- Feb 21, 2025EFFECT EDGAR
- Feb 21, 2025POS AM EDGAR
- Feb 14, 2025RW EDGAR
- Feb 14, 2025S-8 POS EDGAR
- Feb 14, 20254 EDGAR
- Feb 13, 20254 EDGAR
- Feb 13, 20254 EDGAR
- Feb 13, 20254 EDGAR
- Feb 13, 20254 EDGAR
- Feb 13, 20254 EDGAR
- Feb 13, 20254 EDGAR
- Feb 13, 20258-K EDGAR
- Feb 11, 20258-K EDGAR
- Feb 11, 2025SCHEDULE 13G EDGAR
- Feb 5, 2025SCHEDULE 13G/A EDGAR
- Feb 3, 2025DEFA14A DEFA 14A EDGAR
The 270 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
23 open-market trades by officers, directors and large owners since October 2021: 18 buys and 5 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| May 22, 2024 | Helmreich DavidChief Commercial Officer | Sale | 50,000 | $2.09 | $104.5K | Form 4 |
| May 22, 2024 | SC ISRAEL IV GENPAR, LTD.10% owner | Sale | 8,000,000 | $2.10 | $16.8M | Form 4 |
| May 21, 2024 | Netter ZvikaChief Executive Officer | Buy | 20,000 | $2.07 | $41.4K | Form 4 |
| Feb 29, 2024 | Callini AnthonyChief Financial Officer | Buy | 11,000 | $1.82 | $20.0K | Form 4 |
| Feb 28, 2024 | Netter ZvikaChief Executive Officer | Buy | 25,000 | $1.84 | $46.0K | Form 4 |
| Nov 22, 2023 | Callini AnthonyChief Financial Officer | Buy | 18,000 | $1.34 | $24.1K | Form 4 |
| Nov 21, 2023 | Callini AnthonyChief Financial Officer | Buy | 20,000 | $1.31 | $26.2K | Form 4 |
| Nov 20, 2023 | Callini AnthonyChief Financial Officer | Buy | 750 | $1.29 | $968 | Form 4 |
| Nov 20, 2023 | Helmreich DavidChief Commercial Officer | Buy | 20,000 | $1.31 | $26.2K | Form 4 |
| Nov 10, 2023 | Netter ZvikaChief Executive Officer | Buy | 50,000 | $1.29 | $64.5K | Form 4 |
| Aug 18, 2023 | Helmreich DavidChief Commercial Officer | Buy | 20,000 | $1.14 | $22.8K | Form 4 |
| Aug 16, 2023 | Shany GiladDirector | Buy | 17,340 | $1.09 | $18.9K | Form 4 |
| Aug 15, 2023 | Shany GiladDirector | Buy | 45,000 | $1.10 | $49.5K | Form 4 |
| Aug 15, 2023 | Netter ZvikaChief Executive Officer | Buy | 50,000 | $1.09 | $54.5K | Form 4 |
| Aug 15, 2023 | Lam RachelDirector | Buy | 10,000 | $1.09 | $10.9K | Form 4 |
| Aug 11, 2023 | Helmreich DavidChief Commercial Officer | Buy | 50,000 | $1.09 | $54.5K | Form 4 |
| May 25, 2023 | Shany GiladDirector | Buy | 28,328 | $1.19 | $33.7K | Form 4 |
| May 25, 2023 | Helmreich DavidChief Commercial Officer | Buy | 100,000 | $1.24 | $124.0K | Form 4 |
| May 23, 2023 | Shany GiladDirector | Buy | 32,660 | $1.07 | $34.9K | Form 4 |
| May 19, 2023 | Netter ZvikaChief Executive Officer | Buy | 100,000 | $0.97 | $97.0K | Form 4 |
All 23 trades can be filtered by person here when JavaScript is on.
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- GLAZER CAPITAL, LLCSCHEDULE 13G/A, 2 filings Feb 11, 2025 to May 15, 202530
- ION Crossover Partners LtdSCHEDULE 13G/A, 3 filings May 28, 2024 to May 15, 202531
- SEQUOIA CAPITAL ISRAEL IV, L.P.SCHEDULE 13G/A, 3 filings Dec 10, 2021 to May 14, 202532
- Phoenix Financial Ltd.SCHEDULE 13G/A, 3 filings Aug 1, 2024 to Feb 5, 202533
- BlackRockSCHEDULE 13G, 1 filing Jan 30, 202534
- Vintage Fund 5 Ltd.SC 13G/A, 4 filings Dec 30, 2021 to Apr 1, 202435
- ION Holdings 2, LPSC 13G, 2 filings Dec 20, 2021 to May 17, 202336
- GENESIS PARTNERS III LPSC 13D/A, 2 filings Dec 10, 2021 to Mar 29, 202337
- Lauderdale GmbH & Co. KGSC 13G, 1 filing Feb 9, 202238
- GOLDMAN SACHS & CO. LLCSC 13G, 1 filing Dec 10, 202139
- Zvika NetterSC 13D, 1 filing Dec 10, 202140
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1SEC EDGARInnovid Corp. filings on SEC EDGAR
- 2SEC EDGARInnovid Corp. filings on SEC EDGAR
- 3
- 4SEC EDGARInnovid Corp. 10-K for fiscal 2023
- 5SEC EDGARInnovid Corp. 10-K for fiscal 2019
- 6SEC EDGARInnovid Corp. 10-K for fiscal 2020
- 7SEC EDGARInnovid Corp. 10-Q for fiscal 2024
- 8SEC EDGARInnovid Corp. 10-Q for fiscal 2024
- 9SEC EDGARInnovid Corp. 10-Q for fiscal 2024
- 10SEC EDGARGilad Shany, Chief executive officer
- 11
- 12SEC EDGARAvrom Gilbert, President
- 13
- 14
- 15
- 16
- 17
- 18
- 19
- 20SEC EDGARGenevieve Juillard, Board member
- 21SEC EDGARBrian F. Hughes, Board member
- 22SEC EDGARGabi Seligsohn, Board member
- 23SEC EDGARJonathan Kolber, Board member
- 24SEC EDGARLior Shemesh, Board member
- 25SEC EDGARRinat Gazit, Board member
- 26SEC EDGARJonathan Saacks, Board member
- 27SEC EDGARMichael A. Dipiano, Board member
- 28SEC EDGARRachel Lam, Board member
- 29SEC EDGARSteven Cakebread, Board member
- 30
- 31
- 32
- 33
- 34
- 35
- 36
- 37
- 38
- 39
- 40SEC EDGARZvika Netter SC 13D on Innovid Corp.