v3.26.1
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)
3 Months Ended
Mar. 31, 2026
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES  
Schedule of impact of derivative financial instrument on condensed consolidated statement of operations

The impact of the Company’s derivative financial instruments designated as cash flow hedges on the Company’s condensed consolidated statements of operations and condensed consolidated statements of comprehensive loss for the three months ended March 31, 2026 was as follows (in thousands):

  ​ ​ ​

Three months ended

March 31, 

  ​ ​ ​

2026

Amount recognized in other comprehensive income (loss) on the derivative (effective portion)

$

(304)

Amount reclassified from accumulated other comprehensive income to Research and development

 

7

Unrealized loss on cash flow hedges, net of reclassifications into earnings

$

(297)

Schedule of Derivative Instruments in Statement of condensed consolidated balance sheet

The Company's derivative liability designated as a hedging instrument and the related fair values and locations in the condensed consolidated balance sheet at March 31, 2026 are as follows (in thousands):

March 31, 

Balance sheet location

  ​ ​ ​

2026

Accrued expenses and other

$

297

Schedule of notional amounts and maturities of Company's outstanding foreign exchange rate forward contracts

The aggregate notional amounts and maturities of the Company’s outstanding foreign exchange rate forward contracts at March 31, 2026 were as follows:

Notional

Notional

Derivative Instrument

  ​ ​ ​

  ​ ​ ​

Amount

  ​ ​ ​

  ​ ​ ​

Amount

Maturity

Foreign exchange rate forward contracts (cash flow hedges)

USD

24,554

ILS

76,179

April 2026 - September 2026