v3.25.1
FAIR VALUE MEASUREMENTS
 3 Months Ended
Mar. 31, 2025
Fair Value Disclosures [Abstract]  
FAIR VALUE MEASUREMENTS
NOTE 5: FAIR VALUE MEASUREMENTS
In accordance with ASC 820, the Company measures its cash equivalents and marketable securities at fair value using the market approach valuation technique. Cash equivalents and marketable securities are classified within Level 1 or Level 2 because these assets are valued using quoted market prices or alternative pricing sources and models utilizing market observable inputs. Foreign currency derivative contracts are classified within the Level 2 value hierarchy, as the valuation inputs are based on quoted prices and market observable data of similar instruments. The following table sets forth the Company’s assets and liabilities that were measured at fair value as of March 31, 2025 and December 31, 2024 by level within the fair value hierarchy:
Fair Value Measurements As Of
DescriptionFair Value HierarchyMarch 31, 2025December 31, 2024
Measured at fair value on a recurring basis:
Assets:
Cash equivalents:
Money market fundsLevel 1$15,712 $12,212 
Short-term marketable securities:
Corporate bondsLevel 2$14,660 $27,309 
U.S. TreasuryLevel 2$10,930 $16,956 
Commercial paperLevel 2$3,742 $1,941 
Agency bondsLevel 2$1,891 $2,069 
Long-term marketable securities:
Corporate bondsLevel 2$12,988 $2,423 
U.S. TreasuryLevel 2$3,013 $956 
Agency bondsLevel 2$2,003 $— 
Prepaid expenses and other current assets:
Restricted bank depositsLevel 2$3,507 $3,507 
Options and forward contracts designated as hedging instruments  Level 2$265 $960 
Other assets, noncurrent:
Restricted bank deposit$1,000 $1,020 
Liabilities:
Derivative instruments liability included in accrued expenses and other current liabilities:
Options and forward contracts designated as hedging instruments  Level 2$253 $24