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LEASES | 12 Months Ended
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Dec. 31, 2025
Disclosure Of Lease [Abstract] |
LEASES |
NOTE 6: | LEASES
| a. | Leases in which the Group is the lessee:
The Group applies IFRS 16, Leases. The Group has lease agreements with respect to the following items:
| - | Offices;
| - | Data centers.
| 1) | Information regarding material lease agreements:
| a) | The Group leases offices mainly in the United States of America (US), Israel, Canada and UK with contractual original lease periods ending between the years 2026 and 2031 from several lessors. A lease liability in the amount of USD 20,149 thousand and USD 20,878 thousand as of December 31, 2025, and December 31, 2024, respectively, and right-of-use asset in the amount of USD 14,951 thousand and USD 13,612 thousand as of December 31, 2025, and December 31, 2024, respectively have been recognized in the statement of financial position in respect of leases of offices.
| b) | The Group leases data center and related network infrastructure with contractual original lease periods ending between the years 2026 and 2028. The Group did not assume renewals in determination of the lease term unless the renewals are deemed to be reasonably assured at lease commencement. A lease liability in the amount of USD 11,782 thousand and USD 16,319 thousand as of December 31, 2025, and December 31, 2024, respectively, and right-of-use asset in the amount of USD 10,822 thousand and USD 15,215 thousand as of December 31, 2025, and December 31, 2024, respectively have been recognized in the statement of financial position in respect of data centers.
| 2) | Lease liability:
Maturity analysis of the Group's lease payments:
|  | December 31 |
|  | 2025 |  |  | 2024 |
|  | USD thousands |
Less than one year (0-1) |  |  | 14,475 |  |  |  | 15,830 |
One to five years (1-5) |  |  | 19,761 |  |  |  | 25,152 |
More than five years (5+) |  |  | 151 |  |  |  | - |
Total |  |  | 34,387 |  |  |  | 40,982 |
| 3) | Right-of-use assets - Composition:
|  | Offices |  |  | Data center |  |  | Total |
|  | USD thousands |
Balance as of January 1, 2024 |  |  | 11,027 |  |  |  | 14,888 |  |  |  | 25,915 |
Depreciation and amortization on right-of-use assets |  |  | (5,417 | ) |  |  | (7,026 | ) |  |  | (12,443 | )
Additions |  |  | 7,257 |  |  |  | 6,910 |  |  |  | 14,167 |
Lease modifications |  |  | 1,000 |  |  |  | 789 |  |  |  | 1,789 |
Terminations |  |  | (259 | ) |  |  | (346 | ) |  |  | (605 | )
Exchange rate differences |  |  | 4 |  |  |  | - |  |  |  | 4 |
Balance as of December 31, 2024 |  |  | 13,612 |  |  |  | 15,215 |  |  |  | 28,827 |
Depreciation and amortization on right-of-use assets |  |  | (6,063 | ) |  |  | (7,548 | ) |  |  | (13,611 | )
Additions |  |  | 7,979 |  |  |  | 4,339 |  |  |  | 12,318 |
Lease modifications |  |  | (21 | ) |  |  | (806 | ) |  |  | (827 | )
Terminations |  |  | (675 | ) |  |  | (378 | ) |  |  | (1,053 | )
Exchange rate differences |  |  | 119 |  |  |  | - |  |  |  | 119 |
Balance as of December 31, 2025 |  |  | 14,951 |  |  |  | 10,822 |  |  |  | 25,773 |
| 4) | Amounts recognized in statement of operation:
|  | Year ended December 31 |
|  | 2025 |  |  | 2024 |  |  | 2023 |
|  | USD thousands |
Interest expenses on lease liability |  |  | (1,703 | ) |  |  | (1,860 | ) |  |  | (1,885 | )
Depreciation and amortization of right-of-use assets |  |  | (13,611 | ) |  |  | (12,443 | ) |  |  | (15,001 | )
Income (loss) recognized in profit or loss |  |  | 151 |  |  |  | (10 | ) |  |  | (119 | )
Total |  |  | (15,163 | ) |  |  | (14,313 | ) |  |  | (17,005 | )
| 5) | Amounts recognized in the statement of cash flows:
|  | Year ended December 31 |
|  | 2025 |  |  | 2024 |  |  | 2023 |
|  | USD thousands |
Cash outflow for leases |  |  | (17,968 | ) |  |  | (17,002 | ) |  |  | (19,147 | )
| b. | Leases in which the Group is a lessor:
| 1) | Information regarding material lease agreements:
The Group subleases offices at the US for periods expiring in 2027. In May 2024, one of the Company’s subtenants in the U.S. decided not to extend its sublease agreement. As a result, the Company remeasured its net investment in financing lease receivable and recorded a loss of USD 1,488 thousand in other expenses.
| 2) | Net investment in the lease:
Presented hereunder is the movement in the net investment in the lease:
|  | Offices |
|  | Year ended December 31 |
|  | 2025 |  |  | 2024 |
|  | USD thousands |
Balance as of January 1, |  |  | 2,673 |  |  |  | 5,985 |
Sublease receipts |  |  | (1,246 | ) |  |  | (1,824 | )
Remeasurement of net investment in a finance lease |  |  | (195 | ) |  |  | (1,488 | )
Balance as of December 31, |  |  | 1,232 |  |  |  | 2,673 |
| 3) | Maturity analysis of net investment in finance leases:
|  | Year ended December 31 |
|  | 2025 |  |  | 2024 |
|  | USD thousands |
Less than one year (0-1) |  |  | 884 |  |  |  | 1,438 |
One to five years (1-5) |  |  | 348 |  |  |  | 1,235 |
Total net investment in the lease as of December 31, |  |  | 1,232 |  |  |  | 2,673 |
| b. | Leases in which the Group is a lessor (Cont.):
| 4) | Amounts recognized in statement of operation:
|  | Offices |
|  | Year ended December 31 |
|  | 2025 |  |  | 2024 |  |  | 2023 |
|  | USD thousands |
Loss from measurement of net investment in a finance lease |  |  | (195 | ) |  |  | (1,488 | ) |  |  | - |
Financing income on the net investment in the lease |  |  | 103 |  |  |  | 208 |  |  |  | 221 |
Total |  |  | (92 | ) |  |  | (1,280 | ) |  |  | 221 |

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