Geographic Information And Major Customer Data

12 Months Ended

Dec. 31, 2024

Segment Reporting [Abstract]

Geographic Information And Major Customer Data

GEOGRAPHIC INFORMATION AND MAJOR CUSTOMER DATA

ASC 280, “Segment Reporting,” establishes standards for reporting information about operating segments. Operating segments are defined as components of an enterprise about which separate financial information is available that is evaluated regularly by the chief operating decision maker ("CODM") in deciding how to allocate resources and in assessing performance. The Company manages its business on the basis of one reportable segment and unit and derives revenues mainly from term license subscriptions, SaaS revenues and maintenance and services fees (see Note 1 for a brief description of the Company’s business and Note 2n for details on the Company's revenue recognition).

The CODM of the Company is the Chief Executive Officer. The CODM assesses the performance of the Company and decides how to allocate resources based upon consolidated net loss that is also reported within the Consolidated Statements of Operations. The measure of segment assets that is reviewed by the CODM is reported within the Consolidated Balance Sheet as consolidated Total assets. The CODM uses consolidated net loss to monitor period-over-period results and decides where to allocate and invest additional resources within the business to continue growth. The following is a summary of the significant expense categories and consolidated net loss details provided to the CODM (in thousands):

	Year ended
	December 31,
	2024		2023		2022
Total revenues	$	550,950	$	499,160	$	473,634
Less:
Stock-based compensation	126,682		139,819		142,862
Other segment items (*)	520,033		460,257		455,290
Net loss	$	(95,765)	$	(100,916)	$	(124,518)

(*) Other segment expense items included within net loss include payroll, financial income, net, marketing activities, overhead and depreciation, travel and entertainment, income taxes, information technology and communication, department activities, amortization of acquired intangibles and other miscellaneous expenses. See the consolidated financial statements for other financial information regarding the Company’s operating segment.

Summary information about geographic areas:

 

	Year ended
	December 31,
	2024		2023		2022
Revenues based on customer’s location:
United States	$	400,778	$	358,258	$	337,269
EMEA	114,355		109,587		107,848
Rest of the World	35,817		31,315		28,517
Total revenues	$	550,950	$	499,160	$	473,634

During the years ended December 31, 2024, 2023 and 2022, respectively, there were no revenues to a single customer exceeding 10% of the Company’s total revenues.

The following is a summary of long-lived assets, including property and equipment, net and operating lease right-of-use assets, within geographic areas (in thousands):

 

	December 31,
	2024		2023
Long-lived assets by geographic region:
Israel	$	32,026	$	34,755
United States	31,725		35,791
Ireland	11,326		13,240
Other	1,311		2,016
	$	76,388	$	85,802