v3.26.1
TAXES ON INCOME - Schedule of components of deferred tax assets and liabilities (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Income Tax Disclosure [Abstract]    
Carry forward tax losses $ 30.9 $ 38.2
Employee stock based compensation 33.0 29.7
Deferred revenues 3.0 3.1
Tax credits 40.6 37.9
Unrealized loss on marketable securities 0.0 3.5
Accrued employee costs 13.3 15.7
Other 16.2 19.2
Deferred tax assets before valuation allowance 137.0 147.3
Valuation allowance - mainly in respect to carryforward losses (1.0) (5.5)
Deferred tax asset 136.0 141.8
Intangible assets (24.3) (29.6)
Deferred commission (7.2) (10.4)
Unrealized gain on marketable securities (2.9) 0.0
Other (13.1) (8.8)
Deferred tax liability (47.5) (48.8)
Deferred tax asset, net [1] $ 88.5 $ 93.0
[1] As of December 31, 2025 and 2024 unrecognized tax benefit in the amounts of $20.2 and $18.3 was presented net from deferred tax asset.