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SEGMENT INFORMATION, GEOGRAPHIC INFORMATION AND CUSTOMER CONCENTRATION | 12 Months Ended
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Dec. 31, 2025
Segment Reporting [Abstract] |
SEGMENT INFORMATION, GEOGRAPHIC INFORMATION AND CUSTOMER CONCENTRATION | NOTE 13: SEGMENT INFORMATION, GEOGRAPHIC INFORMATION AND CUSTOMER CONCENTRATION Segment Information Historically, the Company had been managed and operated under two reportable segments: Broadband and Video. As a result of the separation and disposition (as defined in Note 3, Discontinued Operations) of the Video segment, the Company’s continuing operations now consist of a single reportable segment, Broadband. The Chief Executive Officer, who is the Company’s Chief Operating Decision Maker (“CODM”), now evaluates the performance of the Company and makes decisions regarding the allocation of resources based on the Company’s consolidated results. Our CODM does not evaluate operating results using asset or liability information. The following table is a reconciliation of the Company's measure of segment profit or loss, significant segment expenses and other segment items:
| Year Ended December 31,
(in thousands) | 2025 |  | 2024 |  | 2023
Total net revenue | $ | 360,523 |  | $ | 488,200 |  | $ | 388,482
Less significant expenses and other segment items: |  |  |  |  |  |  |  |
Cost of revenue |  | 184,817 |  |  | 247,588 |  |  | 209,384
Research and development expense |  | 71,575 |  |  | 68,115 |  |  | 66,092
Selling, general and administrative |  | 65,458 |  |  | 64,808 |  |  | 66,435
Segment operating income |  | 38,673 |  |  | 107,689 |  |  | 46,571
Stock-based compensation |  | (21,641) |  |  | (19,325) |  |  | (16,419)
Restructuring and related charges |  | (1,315) |  |  | (2,741) |  |  | (123)
Asset impairment and related charges |  | (1,637) |  |  | (10,889) |  |  | —
Segment income from operations |  | 14,080 |  |  | 74,734 |  |  | 30,029
Non-operating expense, net |  | (5,219) |  |  | (3,198) |  |  | (2,184)
Income from continuing operations before income taxes | $ | 8,861 |  | $ | 71,536 |  | $ | 27,845
Together with stock-based compensation, the Company does not allocate restructuring and related charges, lease-related and other charges, asset impairment charges and other non-recurring expenses to the operating income of its reportable segment because management does not include this information in the measurement of the performance of the operating segment. Disaggregation of Revenue The following table provides a summary of total revenues disaggregated by type:
| Year Ended December 31,
(in thousands) | 2025 |  | 2024 |  | 2023
Product sales | $ | 267,048 |  | $ | 410,939 |  | $ | 298,559
Professional services |  | 35,739 |  |  | 22,856 |  |  | 35,470
Total Appliance and integration |  | 302,787 |  |  | 433,795 |  |  | 334,029
Total SaaS and service |  | 57,736 |  |  | 54,405 |  |  | 54,453
Total revenue | $ | 360,523 |  | $ | 488,200 |  | $ | 388,482
The following table provides a summary of total net revenues by geographic region:
Net revenue: | Year Ended December 31,
(in thousands) | 2025 |  | 2024 |  | 2023
United States (1) | $ | 277,049 |  | $ | 421,679 |  | $ | 307,614
Other countries (1) |  | 83,474 |  |  | 66,521 |  |  | 80,868
Total | $ | 360,523 |  | $ | 488,200 |  | $ | 388,482
Americas | $ | 320,570 |  | $ | 449,346 |  | $ | 335,154
EMEA |  | 33,894 |  |  | 36,420 |  |  | 50,994
APAC |  | 6,059 |  |  | 2,434 |  |  | 2,334
Total | $ | 360,523 |  | $ | 488,200 |  | $ | 388,482
(1) Revenue is attributed to countries based on the location of the customer. No single country other than the United States, accounted for 10% or more of the Company’s net revenues for the years ended December 31, 2025, 2024 and 2023.
Property and equipment, net: |  |  |  | As of December 31,
(in thousands) |  |  |  | 2025 |  | 2024
United States |  |  |  | $ | 14,817 |  | $ | 15,476
Israel |  |  |  |  | 5,926 |  |  | 7,257
France |  |  |  |  | 4,656 |  |  | 2,182
Other countries |  |  |  |  | 249 |  |  | 247
Total |  |  |  | $ | 25,648 |  | $ | 25,162
Customer Concentration
Net revenue: | Year Ended December 31,
(in thousands) | 2025 |  | 2024 |  | 2023
Top 2 customers (2) | $ | 221,787 |  | $ | 393,234 |  | $ | 284,178
Rest-of-world |  | 138,736 |  |  | 94,966 |  |  | 104,304
Total | $ | 360,523 |  | $ | 488,200 |  | $ | 388,482
(2) Based on largest subscriber footprint One customer accounted for 54% of the Company’s total net revenues during the years ended December 31, 2025. Two customers accounted for 57% and 24% of the Company’s total net revenues during the year ended December 31, 2024, respectively. One customer accounted for 64% of the Company’s total net revenues during the years ended December 31, 2023.

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