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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash Flows from Operating Activities    
Net income $ 40,057 $ 61,399
Adjustment to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 29,943 20,120
Deferred taxes (7,957) (3,640)
Stock-based compensation expenses 38,814 28,742
Gain from change in fair value of Warrants   (2,767)
Interest and amortization of discount on investments (1,896) (3,275)
Foreign currency re-measurement (gain) loss (5,840) 2,311
Changes in operating assets and liabilities:    
Other current assets 11,449 (12,728)
Trade payables 5,943 4,606
Deferred revenue 211 273
Accounts receivable, net (1,958) 1,413
Capital advance extended to customers (167,223) (154,357)
Capital advance collected from customers 191,655 150,372
Other payables (10,918) (17,664)
Other long-term liabilities 3,571 1,168
Operating lease right-of-use assets 5,777 4,370
Other assets (7,227) 571
Net cash provided by operating activities 124,401 80,914
Cash Flows from Investing Activities    
Purchase of property, equipment and software (7,304) (2,802)
Capitalization of internal use software (29,993) (27,345)
Severance pay fund distributions, net (40) 22
Customer funds in transit, net (45,619) (988)
Purchases of investments in available-for-sale debt securities (272,974) (739,185)
Maturities of investments in available-for-sale debt securities 180,500 105,000
Purchases of investments in term deposits   (300,000)
Maturities of investments in term deposits 75,000  
Cash paid in connection with acquisition, net of cash and customer funds acquired (refer to Note 3 for further information) (33,081)  
Net cash used in investing activities (133,511) (965,298)
Cash Flows from Financing Activities    
Proceeds from issuance of common stock in connection with stock-based compensation plan, net of taxes paid related to settlement of equity awards and proceeds from employee equity transactions to be remitted to employees (2,183) 12,027
Outstanding operating balances, net 47,549 (353,421)
Borrowings under related party facility   11,920
Repayments under related party facility   (15,347)
Receipts of collateral on interest rate derivatives 68,130  
Payments of collateral on interest rate derivatives (61,500)  
Common stock repurchased (49,756) (98,654)
Net cash provided by (used in) financing activities 2,240 (443,475)
Effect of exchange rate changes on cash and cash equivalents 6,045 (2,311)
Net change in cash, cash equivalents, restricted cash and customer funds (825) (1,330,170)
Cash, cash equivalents, restricted cash and customer funds at beginning of period 5,658,210 7,018,367
Cash, cash equivalents, restricted cash and customer funds at end of period 5,657,385 5,688,197
Supplemental information of investing and financing activities not involving cash flows:    
Property, equipment, and software acquired but not paid 142 1,237
Internal use software capitalized but not paid 5,229 7,408
Common stock repurchased but not paid 700 602
Right of use assets obtained in exchange for new operating lease liabilities $ 28,614 $ 2,594