Back
20-F2026-03-17· merged:deepseek-v4-flash

ODD · Oddity Tech Ltd.

0001104659-26-029490

SEC filing

Summary

The MD&A section covers major shareholders, related party transactions, and ownership changes.

Key takeaways

Full analysis

Business

The provided text does not contain the Business description section. Instead, it contains the Risk Factors section (Item 3.D) and other items. Therefore, no analysis of the Business section can be performed.

Period Performance

Period Performance

This section does not include financial performance. It focuses on ownership and related party transactions.

Segment Dynamics

No segment information is provided.

Forward View

No guidance or management outlook is included.

Notes & Operating Detail

Balance Sheet & Liquidity

As of December 31, 2025, Oddity Tech Ltd. reported total assets of $1.138B, including cash and cash equivalents of $402.2M and marketable securities of $373.7M (short-term $11.2M, long-term $362.6M). Total liabilities were $741.3M, predominantly composed of exchangeable notes of $584.4M (net) and operating lease liabilities. Shareholders' equity stood at $396.5M. Inventory increased to $135.2M from $99.8M in 2024.

Commitments & Contractual Obligations

No purchase commitments or contractual obligations were explicitly disclosed in the notes section. The filing references a commitments and contingencies note (Note 10), but its content was not provided in the extracted text. Therefore, this section is omitted.

Capital Allocation (buybacks, dividends, debt, capex)

In FY2025, the company issued $582.5M (net of issuance costs) of exchangeable notes and used $63.4M to purchase capped calls. No share repurchases occurred during the year, compared to $147.3M in FY2024. No dividends were declared or paid. Capital expenditures totaled $16.2M, consisting of $3.9M for property, plant, and equipment and $12.3M for capitalized software development costs, representing 2.0% of net revenue.

Segment / Geographic Mix

Segment-level financial data was not presented in the notes section. The company operates as a single reporting segment; no disaggregated revenue or operating income by segment or geography was disclosed in the provided notes content.

Cash Flow Quality

Cash Flow Quality

The provided document excerpt does not include the Consolidated Statements of Cash Flows table. Therefore, no analysis of cash flow quality can be performed. The excerpt only contains the audit report and index. Please provide the actual cash flow statement data for analysis.