v3.26.1
SEGMENT INFORMATION
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
SEGMENT INFORMATION

NOTE 19:     SEGMENT INFORMATION

The Company operates as one operating segment that constitutes consolidated results.
 
The Company's Chief Executive Officer, who is the chief operating decision maker (the “CODM”), makes resource allocation decisions and assesses performance based on financial information presented on a consolidated net loss, accompanied by disaggregated information about significant expenses.
 
The CODM does not regularly review asset information and, therefore, the Company does not report asset information.
 
The segment includes the design, development, manufacturing, and sales of an intelligent inverter solution designed to maximize power generation at the individual PV module level and batteries. The segment solution consists mainly of the Company’s power optimizers, inverters, batteries and other smart energy management solutions.
 
The following tables present information on reportable loss for the period presented:
 
   
Three Months Ended June 30,
    
Six Months Ended June 30,
  
   
2026
    
2025
    
2026
    
2025
  
Revenues
  
$
346,245
    
$
289,429
    
$
656,746
    
$
508,909
  
Less:
                                
Direct costs of goods
    
140,249
      
171,307
      
326,446
      
302,236
  
Salaries1
    
117,603
      
103,665
      
228,908
      
226,110
  
Inventory costs
    
30,312
      
(1,809
)
    
38,954
      
110
  
Shipment and logistics
    
17,123
      
7,378
      
28,847
      
18,512
  
Warranty
    
16,566
      
11,821
      
6,178
      
11,375
  
Depreciation and amortization
    
5,746
      
16,028
      
11,687
      
29,131
  
Directly related overhead costs
    
16,982
      
14,945
      
31,807
      
26,633
  
Other2
    
17,710
      
77,570
      
55,008
      
108,856
  
Financial (income) expense, net
    
12,378
      
7,323
      
13,415
      
(2,745
)
Income taxes
    
2,329
      
5,657
      
3,615
      
11,383
  
Net loss from equity method investments
    
-
      
288
      
-
      
575
  
Net loss
  
$
(30,753
)
  
$
(124,744
)
  
$
(88,119
)
  
$
(223,267
)
 
1   Including stock-based compensation expenses.
 
2   Represents indirect costs of goods, consultants and sub-contractors, marketing, bad debt, impairments and dispositions.
 
The following table presents revenues disaggregated by geographical location:
 
   
Three Months Ended June 30,
    
Six Months Ended June 30,
  
   
2026
    
2025
    
2026
    
2025
  
United States
  
$
154,858
    
$
185,126
    
$
312,952
    
$
317,230
  
Europe
    
154,459
      
65,258
      
267,970
      
117,760
  
International markets
    
36,928
      
39,045
      
75,824
      
73,919
  
Total revenues
  
$
346,245
    
$
289,429
    
$
656,746
    
$
508,909
  
 
The following table presents revenues disaggregated by type:
 
 
   
Three Months Ended June 30,
    
Six Months Ended June 30,
  
   
2026
    
2025
    
2026
    
2025
  
Power optimizers
  
$
116,514
    
$
121,251
    
$
245,382
    
$
214,249
  
Batteries
    
125,986
      
67,639
      
215,970
      
107,531
  
Inverters
    
71,468
      
80,645
      
134,738
      
151,689
  
Battery accessories
    
13,330
      
8,644
      
21,094
      
14,517
  
Energy storage systems
    
-
      
8,132
      
-
      
15,230
  
Other
    
18,947
      
3,118
      
39,562
      
5,693
  
Total revenues
  
$
346,245
    
$
289,429
    
$
656,746
    
$
508,909