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CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Revenues:      
Subscription $ 280,649 $ 134,628 $ 56,425
Perpetual license 49,964 115,738 176,061
Maintenance and professional services 261,097 252,551 231,945
Revenues 591,710 502,917 464,431
Cost of revenues:      
Subscription 46,249 25,837 17,513
Perpetual license 2,893 3,904 4,925
Maintenance and professional services 76,904 63,566 60,133
Cost of revenues 126,046 93,307 82,571
Gross profit 465,664 409,610 381,860
Operating expenses:      
Research and Development Expense 190,321 142,121 95,426
Selling and Marketing Expense 345,273 274,401 219,999
General and Administrative Expense 82,520 71,425 60,429
Total operating expenses 618,114 487,947 375,854
Operating income (loss) (152,450) (78,337) 6,006
Financial income (expense), net 15,432 (12,992) (6,395)
Loss before taxes on income (137,018) (91,329) (389)
Tax benefit (taxes on income) 6,650 7,383 (5,369)
Net loss $ (130,368) $ (83,946) $ (5,758)
Basic net loss per ordinary share $ (3.21) $ (2.12) $ (0.15)
Diluted net loss per ordinary share $ (3.21) $ (2.12) $ (0.15)
Change in net unrealized gains (losses) on marketable securities:      
Net unrealized gains (losses) arising during the year $ (11,733) $ (3,405) $ 2,152
Change in unrealized losses on marketable securities, total (11,733) (3,405) 2,152
Change in unrealized net gain (loss) on cash flow hedges:      
Net unrealized gains (losses) arising during the year (11,418) 1,702 2,676
Net gains (losses) reclassified into net loss 7,194 (2,075) (1,471)
Change in unrealized gain (loss) on cash flow hedges, Total (4,224) (373) 1,205
Other comprehensive income (loss), net of taxes of $(458), $(516) and $(2,176) for 2020, 2021 and 2022, respectively (15,957) (3,778) 3,357
Total comprehensive loss $ (146,325) $ (87,724) $ (2,401)