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SEGMENT INFORMATION | 3 Months Ended
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Mar. 31, 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 cloud‑based monitoring platform. The following tables present information on reportable loss for the period presented:
|  | Three Months Ended March 31, |
|  | 2026 |  |  | 2025 |
Revenues |  | $ | 310,501 |  |  | $ | 219,480 |
Less: |  |  |  |  |  |  |  |
Direct costs of goods |  |  | 186,197 |  |  |  | 130,929 |
Salaries1 |  |  | 111,305 |  |  |  | 122,445 |
Inventory costs |  |  | 8,642 |  |  |  | 1,919 |
Shipment and logistics |  |  | 11,724 |  |  |  | 11,134 |
Warranty |  |  | (10,388 | ) |  |  | (446 | )
Depreciation and amortization |  |  | 5,941 |  |  |  | 13,103 |
Directly related overhead costs |  |  | 14,825 |  |  |  | 11,688 |
Other2 |  |  | 37,298 |  |  |  | 31,286 |
Financial (income) expense, net |  |  | 1,037 |  |  |  | (10,068 | )
Income taxes |  |  | 1,286 |  |  |  | 5,726 |
Net loss from equity method investments |  |  | - |  |  |  | 287 |
Net loss |  | $ | (57,366 | ) |  | $ | (98,523 | )
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 March 31, |
|  | 2026 |  |  | 2025 |
United States |  | $ | 158,094 |  |  | $ | 132,104 |
Europe |  |  | 113,511 |  |  |  | 52,502 |
International markets |  |  | 38,896 |  |  |  | 34,874 |
Total revenues |  | $ | 310,501 |  |  | $ | 219,480 |
The following table presents revenues disaggregated by type:
|  | Three Months Ended March 31, |
|  | 2026 |  |  | 2025 |
Power optimizers |  | $ | 128,868 |  |  | $ | 92,998 |
Batteries |  |  | 94,885 |  |  |  | 41,927 |
Inverters |  |  | 63,270 |  |  |  | 71,044 |
Communication |  |  | 5,335 |  |  |  | 191 |
Energy storage systems |  |  | 64 |  |  |  | 7,098 |
Other |  |  | 18,079 |  |  |  | 6,222 |
Total revenues |  | $ | 310,501 |  |  | $ | 219,480 |

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- Definition The entire disclosure for reporting segments including data and tables. 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