InspireMD, Inc. Fair Value Disclosure
NOTE 3 – FAIR VALUE MEASUREMENTS
As of December 31, 2025 and 2024, the carrying amounts of accounts payable, accounts receivable and other receivables approximate their fair values due to the short-term maturities of these instruments.
The carrying amount of the long-term deposit approximates its fair value since it is measured at its present value applying prevailing interest rates, see note 7.
The Company’s financial assets subject to fair value measurements on a recurring basis and the level of inputs used in such measurements were as follows:
As of December 31, 2025 ($ in thousands) | ||||||||||||||||
| Total | Level 1 | Level 2 | Level 3 | |||||||||||||
| Assets: | ||||||||||||||||
| Cash equivalents- | ||||||||||||||||
| Money market funds | $ | 5,116 | $ | 5,116 | $ | $ | ||||||||||
| Marketable securities- | ||||||||||||||||
| U.S government bonds | $ | 45,272 | $ | $ | 45,272 | $ | ||||||||||
As of December 31, 2024 ($ in thousands) | ||||||||||||||||
| Total | Level 1 | Level 2 | Level 3 | |||||||||||||
| Assets: | ||||||||||||||||
| Cash equivalents- | ||||||||||||||||
| Money market funds | $ | 6,281 | $ | 6,281 | $ | $ | ||||||||||
| Marketable securities- | ||||||||||||||||
| U.S. government bonds | $ | 15,721 | $ | $ | 15,721 | $ | ||||||||||
The Company’s cash equivalents and marketable securities are classified within Level 1 and Level 2 because it uses quoted market prices or alternative pricing sources and models utilizing market observable inputs to determine their fair value.
The cost of marketable securities as of December 31, 2025, and 2024 is $45,091 and $15,277 thousand, respectively.
INSPIREMD, INC.
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (continued)
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Mar 18, 2026 | Showing above |
| 2024 | Mar 12, 2025 | |
| 2023 | Mar 5, 2024 | |
| 2019 | Mar 10, 2020 | |
| 2018 | Feb 19, 2019 | |
| 2017 | Feb 13, 2018 | |
| 2016 | Feb 16, 2017 | |
| 2015 | Mar 28, 2016 | |
About Fair Value Disclosures
Fair value disclosures classify all assets and liabilities measured at fair value into a three-level hierarchy: Level 1 (quoted market prices), Level 2 (observable inputs like yield curves), and Level 3 (unobservable inputs requiring management estimates). The proportion of Level 3 assets directly reflects how much of the balance sheet depends on internal models rather than market evidence.
Key signals: a growing Level 3 balance relative to total fair-value assets increases valuation uncertainty and earnings volatility risk. Watch for transfers between levels — assets moving from Level 2 to Level 3 often signal deteriorating market liquidity. Unrealized gains and losses on Level 3 positions flow through earnings or other comprehensive income, so large swings deserve scrutiny. For financial institutions, examine the sensitivity disclosures that show how Level 3 valuations change under alternative assumptions. Compare the fair value of debt against its carrying amount to gauge hidden leverage.