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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Cash flows from operating activities      
Net income (loss) $ 42,284 $ (3,760) $ (82,040)
Adjustments to reconcile net loss to net cash flows provided by operating activities:      
Depreciation, amortization and write-off 83,484 100,928 96,512
Share-based compensation expenses 63,936 67,098 64,331
Net loss (gain) from financing expenses (4,170) 3,764 (816)
Revaluation of the Warrant liability (2,867) (2,761) (627)
Amortization of Loan and Credit Facility Issuance Costs 1,058 1,536 1,619
Amortization of premium and accretion of discount on short-term investments, net 0 177 (914)
Gain (Loss) on Extinguishment of Debt (6,597) 0 0
Commercial agreement asset amortization 16,371 2,832 0
Loss from disposal of property and equipment 339 0 1,571
Change in operating assets and liabilities:      
Decrease (increase) in trade receivables, net [1] 9,944 (63,803) (49,599)
Decrease (increase) in prepaid expenses and other current assets and long-term prepaid expenses (8,620) 28,663 5,934
Increase in trade payables [2] 11,829 25,920 36,563
Increase in accrued expenses and other current liabilities and other long-term liabilities 8,977 35,577 25,202
Increase in deferred taxes, net (25,493) (9,318) (15,496)
Change in operating lease right of use assets 25,804 19,914 16,830
Change in operating lease liabilities (21,109) (22,436) (14,697)
Net cash provided by operating activities 208,364 184,331 84,373
Cash flows from investing activities      
Purchase of property and equipment, including intangible assets (44,918) (35,155) (32,133)
Cash paid in connection with acquisitions, net of cash acquired 0 (719) 0
Investment in restricted deposits 0 0 (730)
Proceeds from maturities of short-term investments and restricted deposits 3,980 5,765 114,494
Purchase of short-term investments 0 0 (21,991)
Net cash provided by (used in) investing activities (40,938) (30,109) 59,640
Cash flows from financing activities      
Issuance expenses (938) (695) 0
Exercise of options 8,851 7,564 6,953
Payment of tax withholding for share-based compensation expenses (5,965) (3,085) (3,804)
Repurchase of Ordinary shares and non-voting ordinary shares (255,369) (73,602) (55,513)
Payments on account of repurchase of Ordinary shares (942) (165) 0
Repayment of Long term loan (122,736) (30,000) (82,250)
Proceeds from revolving credit line, net of issuance costs 123,985 0 0
Repayment of revolving credit line (406,700) 0 0
Additional proceeds from revolving credit line 382,500 0 0
Net cash used in financing activities (277,314) (99,983) (134,614)
Exchange rate differences on balances of cash and cash equivalents 4,170 (3,764) 816
Increase (decrease) in cash and cash equivalents (105,718) 50,475 10,215
Cash and cash equivalents - at the beginning of the period 226,583 176,108 165,893
Cash and cash equivalents - at the end of the period 120,865 226,583 176,108
Cash paid during the year for:      
Income taxes 29,695 19,878 18,011
Interest 5,577 14,313 18,488
Non-cash investing and financing activities:      
Purchase of property and equipment 10,925 1,080 639
Share-based compensation included in capitalized internal-use software 1,601 2,156 2,253
Creation and modification of operating lease right-of-use assets and operating lease liability 48,457 17,165 11,730
Creation of operating lease liability 2,483 17,165 11,730
Reclassification Of Restricted Deposit To Short-Term Deposit 0 3,780 0
Issuance of Ordinary Shares and Non-Voting Ordinary Shares Related to Commercial Agreement $ 0 $ 0 $ 288,063
[1] Includes an (increase) decrease in related party trade receivables of $37,467, $(64,380) and $(12,297), as of December 31, 2025, 2024 and 2023, respectively.
[2] Includes an increase in related party trade payables of $2,394, $29,899 and $38,657, as of December 31, 2025, 2024 and 2023, respectively.