| Segments and Geographic Information |
| Note 11: |
Segments and Geographic Information
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A. |
The Company applies ASC topic 280, "Segment Reporting", ("ASC 280"). The Company operates in one reportable segment (see Note 1 for a brief description of the Company's business). Reportable segments are defined as components of an enterprise about which separate financial information is evaluated regularly by the chief operating decision maker (“CODM”). The Company’s CODM is its chief executive officer. The Company’s CODM manages the business and evaluates operating performance based on consolidated net income (loss). The Company’s CODM does not regularly review asset information and, therefore, the Company does not report asset information. The CODM uses consolidated net income to monitor actual operating results to forecasts and prior periods.
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B. |
The following table summarizes the Company’s segment revenue, significant segment expenses, and segment net income (loss):
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Revenues:
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178,917
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170,914
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Cost of revenues
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119,114
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113,375
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Gross profit
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59,803
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57,539
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Less:
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Employee-related (1)
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34,264
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31,484
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Other segment items (2)
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23,217
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24,928
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Financial and other expenses, net
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4,519
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1,906
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Taxes on income
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1,237
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1,468
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(3,434
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(2,247
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(1) Employee-related includes employee salaries and commissions, payroll taxes, benefits, and outsourced labor costs.
(2) Other segment items include consulting and professional services, depreciation of property and equipment, amortization of intangible assets, share-based compensation expenses, acquisition and integration-related charges, marketing expenses, finance and legal expenses, travel expenses, subcontractors costs, software and subscription costs, overhead expenses and restructuring and related charges.
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C. |
The following table presents the total revenues for the six months ended June 30, 2026, and 2025, allocated to the geographic areas in which they were generated. Revenues are attributed to geographic areas based on the location of the end-users.
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North America (*)
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52,224
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44,444
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EMEA (**)
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24,879
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26,543
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Asia-Pacific
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12,683
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17,205
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India
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74,968
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67,689
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Latin America
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14,163
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15,033
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178,917
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170,914
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(*) As of June 30, 2026, and 2025, 91% and 95%, respectively, represent revenues in the United States.
(**) Including Europe, Middle East and Africa.
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June 30,
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December 31,
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Long-lived assets, net:
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Israel
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44,412
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44,012
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Others
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Total long-lived assets, net (*)
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(*) |
Long-lived assets are comprised of property and equipment, net and operating lease right-of-use assets.
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