Geographic Information And Major Customer Data

12 Months Ended

Dec. 31, 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 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 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):

	Year ended
	December 31,
	2025		2024		2023
Total revenues	$	623,532	$	550,950	$	499,160
Less:
Stock-based compensation	130,242		126,682		139,819
Other segment items (*)	622,614		520,033		460,257
Net loss	$	(129,324)	$	(95,765)	$	(100,916)

(*) 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 (in thousands):

 

	Year ended
	December 31,
	2025		2024		2023
Revenues based on customer’s location:
United States	$	440,468	$	400,778	$	358,258
EMEA	133,591		114,355		109,587
Rest of the World	49,473		35,817		31,315
Total revenues	$	623,532	$	550,950	$	499,160

During the years ended December 31, 2025, 2024 and 2023, 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,
	2025		2024
Long-lived assets by geographic region:
Israel	$	49,914	$	32,026
United States	33,112		31,725
Ireland	6,784		11,326
Other	3,899		1,311
	$	93,709	$	76,388