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Geographic Information and Major Customer Data
6 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
Geographic Information and Major Customer Data GEOGRAPHIC INFORMATION AND MAJOR CUSTOMER DATA
 
ASC No. 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 SaaS revenues, term license subscriptions and maintenance and services fees (see Note 1 for a brief description of the Company’s business and 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 condensed consolidated statements of operations. The measure of segment assets that is reviewed by the CODM is reported within the condensed consolidated balance sheets 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):

 Three Months Ended
June 30,
Six Months Ended
June 30,
 2025202420252024
 (unaudited)(unaudited)
Total revenues$152,163 $130,346 $288,586 $244,368 
Less:
Stock based compensation
33,859 30,089 66,114 62,182 
Other segment items (*)154,128 124,205 294,079 246,624 
Net loss$(35,824)$(23,948)$(71,607)$(64,438)

(*) Other segment expense items included within net loss include payroll, financial income, net (inclusive of interest income of $12,354 and $25,399 for the three and six months ended June 30, 2025, respectively and $9,350 and $18,502 for the three and six months ended June 30, 2024, respectively, and interest expense of $1,939 and $3,877 for the three and six months ended June 30, 2025, respectively, and $791 and $1,582 for the three and six months ended June 30, 2024, respectively), marketing activities, overhead and depreciation ($2,400 and $4,792 for the three and six months ended June 30, 2025, respectively, and $2,477 and $5,005 for the three and six months ended June 30, 2024, respectively), travel and entertainment, income taxes, information technology and communication, department activities, amortization of acquired intangibles and other miscellaneous expenses. See the condensed consolidated financial statements for other financial information regarding the Company’s operating segment.

The following is a summary of revenues within geographic areas (in thousands):
 
 Three Months Ended
June 30,
Six Months Ended
June 30,
 2025202420252024
 (unaudited)(unaudited)
Revenues based on customer’s location:  
United States$108,656 $91,957 $201,942 $172,787 
EMEA (*)
31,755 29,070 61,294 53,223 
Rest of the World11,752 9,319 25,350 18,358 
Total revenues$152,163 $130,346 $288,586 $244,368 
    
(*) Revenues to customers in France accounted for 10.1% of total revenues for the three months ended June 30, 2024.

During the three and six months ended June 30, 2025 and 2024, 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):
As ofAs of
 June 30, 2025December 31, 2024
 (unaudited) 
Long-lived assets by geographic region:  
Israel$32,658 $32,026 
United States30,880 31,725 
Ireland10,306 11,326 
Other987 1,311 
 $74,831 $76,388