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SEGMENT INFORMATION
 3 Months Ended
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