LFWD on Nasdaq

Lifeward Ltd.

Orthopedic company that raised $52.5 million in 2026 (SEC Form D). Summary from the record

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Last updated Oct 19, 2026.

Overview

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  • TickerLFWD on Nasdaq1
  • IndustryOrthopedic, Prosthetic & Surgical Appliances & Supplies1
  • HeadquartersHudson, Massachusetts1
  • Incorporated inIsrael2
  • Business address2 Cabot Road, Hudson, Ma 017492
  • Filer categoryNon-accelerated filer, Smaller reporting company2
  • Legal formOther

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December 2025, we announced a distribution agreement with Verita Neuro, a provider of intensive neurological rehabilitation services.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 2025

602.0%Gross margin4
-1405.3%Operating margin4
-1422.4%Net margin4
-17.6%Revenue growth, 20254
-236.8%Return on equity4
-$16.8MFree cash flow4

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Service And Warranty brought in 63% of the revenue Lifeward Ltd. broke down this way in fiscal 2025.

  1. Service And Warranty$3.1M463%down 3% from 2024
  2. Lease Of Products$1.8M437%down 30% from 2024
Products and services by year
Products and services202320242025
Service And Warranty$2.1M$3.2M$3.1M
Lease Of Products$1.0M$2.6M$1.8M

Regions

United States brought in 60% of the revenue Lifeward Ltd. broke down this way in fiscal 2025.

  1. United States$13.2M460%down 8% from 2024
  2. DEMember$4.0M418%down 9% from 2024
  3. Europe$2.9M413%down 43% from 2024
  4. Rest of World$1.4M46%up 63% from 2024
  5. Asia Pacific$460.0K42%down 44% from 2024
Regions by year
Regions202320242025
United States$7.6M$14.4M$13.2M
DEMember$2.7M$4.4M$4.0M
Europe$2.3M$5.1M$2.9M
Rest of World$787.0K$867.0K$1.4M
Asia Pacific$387.0K$825.0K$460.0K

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue80¢$13.6M
  • Research and development19¢$3.2M
  • Income tax0¢$55.0K

Out of $1.4M in revenue.4 The company lost money this year.

Financial statements

Revenue567894$1.4M in 2025−71% since 2019
0$2.0M$4.0M$6.0M2019: $4.9M$4.9M20192020: $330.0K$330.0K2020−93%2021: $432.0K$432.0K2021+31%2022: $352.0K$352.0K2022−19%2023: $435.0K$435.0K2023+24%2024: $1.7M$1.7M2024+291%2025: $1.4M$1.4M2025−18%
Gross profit57894$8.4M in 2025+209% since 2019
0$2.5M$5.0M$7.5M$10.0M2019: $2.7M$2.7M20192020: $2.2M$2.2M2020−20%2021: $2.9M$2.9M2021+33%2022: $1.9M$1.9M2022−34%2023: $4.5M$4.5M2023+134%2024: $8.2M$8.2M2024+85%2025: $8.4M$8.4M2025+3%
Operating income57894-$19.7M in 2025+40% since 2019
-$30.0M-$20.0M-$10.0M02019: -$14.0M-$14.0M20192020: -$12.0M-$12.0M2020−15%2021: -$12.7M-$12.7M2021+5%2022: -$19.1M-$19.1M2022+51%2023: -$23.6M-$23.6M2023+24%2024: -$29.3M-$29.3M2024+24%2025: -$19.7M-$19.7M2025−33%
Net income57894-$19.9M in 2025+28% since 2019
-$30.0M-$20.0M-$10.0M02019: -$15.6M-$15.6M20192020: -$13.0M-$13.0M2020−17%2021: -$12.7M-$12.7M2021−2%2022: -$19.6M-$19.6M2022+54%2023: -$22.1M-$22.1M2023+13%2024: -$28.9M-$28.9M2024+31%2025: -$19.9M-$19.9M2025−31%

Every line of the income statement as filed: the last 3 fiscal years, latest first.4

Period ending2025-12-312024-12-312023-12-31
Revenue$22.0M$25.7M$13.9M
Cost of revenue$13.6M$17.4M$9.4M
Gross profit$8.4M$8.2M$4.5M
Research and development, net$3.2M$4.6M$4.1M
Sales and marketing$13.9M$17.9M$13.9M
General and administrative$8.2M$5.2M$10.0M
Impairment charges$2.8M$9.8M$0
Total operating expenses$28.1M$37.6M$28.1M
Operating loss-$19.7M-$29.3M-$23.6M
Financial (expense) income, net-$295.0K$448.0K$1.5M
Loss before income taxes-$20.0M-$28.9M-$22.1M
Taxes on income (benefit)-$55.0K$43.0K-$12.0K
Net loss-$19.9M-$28.9M-$22.1M
Net loss per ordinary share, basic-$17.16-$39.96-$31.13
Net loss per ordinary share, diluted-$17.16-$39.96-$31.13
Weighted average number of shares used in computing net loss per ordinary share, basic1.2M shares724.3K shares710.9K shares
Weighted average number of shares used in computing net loss per ordinary share, diluted1.2M shares724.3K shares710.9K shares

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Leadership

Who has led Lifeward Ltd., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Lawrence J. Jasinski2015–now

Chief financial officer

  1. Kevin Hershberger2015–2017
  2. Ori Gon2018–2021
  3. Michael A. Lawless2022–2024
  4. Almog Adar2025–now
20202025
Board members and other officers (32)

Named in SEC Form D filings

People the company listed in its private-offering notices.

  • Executive Officer, DirectorWilliam Mark Grant named Apr 2, 2026 to Jul 8, 202648
  • DirectorArik B. Dan named Oct 6, 202149

Former names

  • ReWalk Robotics Ltd.Jun 13, 2014 to Sep 16, 20242
  • Argo Medical Technologies Ltd.May 16, 2014 to May 16, 20142

Timeline

  1. Dec 31, 2015New chief executive Lawrence J. Jasinski becomes CEO12

Filings

353 filings to the SEC since October 2021: 8 annual reports, 15 quarterly reports, 91 major events, 134 insider forms, 13 large holders, 4 private raises, 88 other. The latest 20:

  1. Oct 8, 20268-K EDGAR
  2. Oct 1, 20268-K EDGAR
  3. Sep 25, 2026ARS EDGAR
  4. Sep 25, 2026DEF 14A EDGAR
  5. Sep 15, 2026PRE 14A EDGAR
  6. Sep 15, 20268-K EDGAR
  7. Sep 10, 20264 EDGAR
  8. Sep 10, 20263 EDGAR
  9. Sep 8, 20268-K EDGAR
  10. Sep 1, 20263 EDGAR
  11. Aug 31, 20268-K EDGAR
  12. Aug 28, 20264 EDGAR
  13. Aug 28, 20263 EDGAR
  14. Aug 24, 20264 EDGAR
  15. Aug 24, 20263 EDGAR
  16. Aug 20, 20268-K EDGAR
  17. Aug 14, 202610-Q EDGAR
  18. Aug 14, 20268-K EDGAR
  19. Aug 10, 2026EFFECT EDGAR
  20. Aug 3, 2026S-3 EDGAR

The 353 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

103 open-market trades by officers, directors and large owners since October 2021: 80 buys and 23 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Sep 2, 2025Lynch JeannineVP of Market Access & StrategySale1,591$0.64$1.0KForm 4
May 21, 2025Jasinski Lawrence JChief Executive OfficerSale1,909$1.26$2.4KForm 4
Jan 7, 2025Lind Global Fund II LP10% ownerSale191,434$1.94$371.9KForm 4
Jan 6, 2025Lind Global Fund II LP10% ownerSale381,676$3.36$1.3MForm 4
Dec 13, 2024Richner RandelDirectorSale4,285$1.68$7.2KForm 4
Dec 13, 2024Turk Joseph E JrDirectorBuy6,000$1.69$10.1KForm 4
Nov 25, 2024Swinford MichaelDirectorBuy21,622$2.03$43.9KForm 4
Nov 22, 2024Swinford MichaelDirectorBuy16,907$1.83$30.9KForm 4
Nov 20, 2024Swinford MichaelDirectorBuy16,471$1.84$30.3KForm 4
Sep 13, 2024Jasinski Lawrence JChief Executive OfficerSale2,672$3.26$8.7KForm 4
Sep 3, 2024Lynch JeannineVP of Market Access & StrategySale1,625$3.30$5.4KForm 4
Aug 2, 2024Jasinski Lawrence JChief Executive OfficerSale2,665$3.84$10.2KForm 4
Aug 2, 2024Lynch JeannineVP of Market Access & StrategySale1,783$3.84$6.8KForm 4
Jul 1, 2024Lynch JeannineVP of Market Access & StrategySale1,834$3.83$7.0KForm 4
Jun 18, 2024Jasinski Lawrence JChief Executive OfficerSale3,466$4.22$14.6KForm 4
May 23, 2024Lawless Michael AChief Financial OfficerBuy2,000$4.97$9.9KForm 4
May 23, 2024Turk Joseph E JrDirectorBuy7,916$5.01$39.7KForm 4
May 22, 2024Turk Joseph E JrDirectorBuy84$5.01$421Form 4
May 21, 2024Jasinski Lawrence JChief Executive OfficerSale1,620$4.91$8.0KForm 4
Nov 20, 2023Lind Global Fund II LP10% ownerBuy12,000$0.73$8.8KForm 4

All 103 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.

Money raised

Private offerings the company reported to the SEC on Form D.

  1. Jul 6, 2026Raised $11.2 million in a private offering of securities Form D: 5 investors so far Form D
  2. Mar 25, 2026Raised $20 million in a private offering of securities Form D: 2 investors so far Form D
  3. Jan 7, 2025Raised $5 million in a private offering of equity Form D: 4 investors so far Form D
  4. Sep 27, 2021Raised $16.3 million in a private offering of equity Form D: 9 investors so far Form D

Sources

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