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CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Revenues $ 1,993,044 $ 1,760,650 $ 1,561,665
Cost of Revenues 636,353 564,635 512,528
Gross profit 1,356,691 1,196,015 1,049,137
Research and development, net 645,501 495,281 481,293
Selling and marketing 514,280 425,457 399,577
General and administrative 195,158 175,136 160,033
Restructuring, Settlement and Impairment Provisions 0 0 32,614
Total operating expenses 1,354,939 1,095,874 1,073,517
Operating income (loss) 1,752 100,141 (24,380)
Financial income (expenses), net (5,015) 51,820 62,474
Other income (expenses) 4,352 (36) (255)
Income before taxes on income 1,089 151,925 37,839
Income tax expense 51,047 (13,603) (4,702)
Loss from equity method investment (1,490) 0 0
Net income 50,646 138,322 33,137
Other comprehensive income:      
Unrealized gain from marketable securities, net 290 2,770 8,593
Unrealized gain on cash flow hedge, net 10,007 280 29,054
Other comprehensive income for the year, net 10,297 3,050 37,647
Total comprehensive loss $ 60,943 $ 141,372 $ 70,784
Basic net loss per ordinary share (in USD per share) $ 0.91 $ 2.49 $ 0.58
Diluted net loss per ordinary share (in USD per share) $ 0.88 $ 2.36 $ 0.57
Creative Subscriptions      
Revenues $ 1,409,727 $ 1,264,975 $ 1,152,007
Cost of Revenues 237,288 213,422 215,515
Business Solutions      
Revenues 583,317 495,675 409,658
Cost of Revenues $ 399,065 $ 351,213 $ 297,013