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FAIR VALUE MEASUREMENTS
 3 Months Ended
Mar. 31, 2026
Fair Value Disclosures [Abstract]  
FAIR VALUE MEASUREMENTS 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, 2026 and December 31, 2025 by level within the fair value hierarchy:
Fair Value Measurements As Of
DescriptionFair Value HierarchyMarch 31, 2026December 31, 2025
Measured at fair value on a recurring basis:
Assets:
Cash equivalents:
Money market fundsLevel 1$46,031 $15,783 
Short-term marketable securities:
Corporate bondsLevel 2$2,349 $15,494 
U.S. TreasuryLevel 2$1,001 $6,503 
Municipal bondsLevel 2$59 $237 
Agency bondsLevel 2$— $1,137 
Commercial paperLevel 2$— $987 
Long-term marketable securities:
Corporate bondsLevel 2$— $8,347 
U.S. TreasuryLevel 2$— $2,029 
Agency bondsLevel 2$— $507 
Prepaid expenses and other current assets:
Restricted bank depositsLevel 2$3,644 $3,644 
Options and forward contracts designated as hedging instruments  Level 2$1,092 $2,697 
Other assets, noncurrent:
Restricted bank deposit$1,175 $1,166 
Liabilities:
Contingent considerationLevel 3$6,810 $6,493 
Under the eSelf purchase agreement, the former shareholders of eSelf are entitled to contingent earn out payments based on the Company’s achievement of certain revenue metrics for 2026 to 2028. If all targets are achieved (100%), the payments would total $12,500.
We recorded $6,493 as the initial fair value of contingent earn-out consideration. The fair value was estimated using a Monte-Carlo simulation model, which included significant unobservable Level 3 inputs, such as projected revenue over the earn-out period along with estimates for market volatility and the discount rate applicable to potential cash payouts.
The following table presents changes in the fair value of the earn-out consideration, which were recognized in general and administrative expenses in the condensed consolidated statements of operations for the three months ended March 31, 2026:
Balance as of December 31, 2025 $6,493 
Expense from changes in the fair value 317 
Balance as of March 31, 2026 $6,810