General (Tables)
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6 Months Ended |
Jun. 30, 2026 |
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| Organization, Consolidation and Presentation of Financial Statements [Abstract] |
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| Schedule of Derivative Instruments in Statement of Financial Position, Fair Value |
Derivative instruments measured at fair value and their classification in the condensed consolidated balance sheets are presented in the following table (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | | Assets (liabilities) as of June 30, 2026 (unaudited) | | Assets (liabilities) as of December 31, 2025 | | | Notional
Amount | | Fair
Value | | Notional
Amount | | Fair
Value | | Foreign exchange forward contract derivatives in cash flow hedging relationships for operating expenses included in prepaid expenses and other short-term assets | $ | 137,796 | | | $ | 24,978 | | | $ | 187,767 | | | $ | 21,605 | | | Foreign exchange forward contract derivatives in cash flow hedging relationships for operating expenses included in accrued expenses and other short-term liabilities | $ | 47,689 | | | $ | (668) | | | $ | — | | | $ | — | | | Foreign exchange forward contract derivatives in cash flow hedging relationships for operating expenses included in long-term other assets | $ | 52,534 | | | $ | 2,722 | | | $ | 123,959 | | | $ | 6,465 | | | Foreign exchange forward contract derivatives in cash flow hedging relationships for operating expenses included in long-term other liabilities | $ | 58,981 | | | $ | (871) | | | $ | — | | | $ | — | | | Foreign exchange forward contract derivatives in cash flow hedging relationships for revenues included in prepaid expenses and other short-term assets | $ | 105,697 | | | $ | 1,526 | | | $ | — | | | $ | — | | | Foreign exchange forward contract derivatives in cash flow hedging relationships for revenues included in accrued expenses and other short-term liabilities | $ | 23,312 | | | $ | (49) | | | $ | 128,132 | | | $ | (2,515) | | | Foreign exchange forward contract derivatives in cash flow hedging relationships for revenues included in long-term other assets | $ | 130,852 | | | $ | 1,923 | | | $ | — | | | $ | — | | | Foreign exchange forward contract derivatives in cash flow hedging relationships for revenues included in long-term other liabilities | $ | — | | | $ | — | | | $ | 185,688 | | | $ | (1,691) | | | | | | | | | | | | | | | | | |
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| Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income |
Net gains (losses) related to cash flow hedges that were reclassified from accumulated other comprehensive income to the condensed consolidated statements of operations are presented in the following table (in thousands):
| | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended | Six Months Ended | | | | June 30, | | June 30, | | | | 2026 | | 2025 | | 2026 | | 2025 | | | | (unaudited) | | | | Revenues | $ | (800) | | | $ | 305 | | | $ | (1,468) | | | $ | 884 | | | | | Cost of revenues | 37 | | | 81 | | | 117 | | | (111) | | | | | Research and development | 6,394 | | | (869) | | | 11,122 | | | (1,605) | | | | | Sales and marketing | 76 | | | 172 | | | 228 | | | (309) | | | | | General and administrative | 1,917 | | | (231) | | | 3,302 | | | (427) | | | | | Financial income (expense), net | (28) | | | (795) | | | 201 | | | (431) | | | | Total net gain (loss) related to cash flow hedges | $ | 7,596 | | | $ | (1,337) | | | $ | 13,502 | | | $ | (1,999) | | | |
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| Schedule of Cash, Cash Equivalents and Investments |
Cash equivalents and marketable securities consist of the following (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | | As of June 30, 2026 | | (unaudited) | | | Amortized
Cost | | Gross
Unrealized
Gains | | Gross
Unrealized Losses | | Fair
Value | | Cash equivalents | | | | | | | | | Money market funds | $ | 165,885 | | | $ | — | | | $ | — | | | $ | 165,885 | | | | | | | | | | | | | | | | | | | Total | $ | 165,885 | | | $ | — | | | $ | — | | | $ | 165,885 | | | | | | | | | | | Marketable securities | | | | | | | | | US Treasury securities | $ | 426,882 | | | $ | 144 | | | $ | (552) | | | $ | 426,474 | | | | | | | | | | | | | | | | | | | | | | | | | | | Total | $ | 426,882 | | | $ | 144 | | | $ | (552) | | | $ | 426,474 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Long-term marketable securities | | | | | | | | | US Treasury securities | $ | 213,911 | | | $ | — | | | $ | (651) | | | $ | 213,260 | | | | | | | | | | | Total | $ | 213,911 | | | $ | — | | | $ | (651) | | | $ | 213,260 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | As of December 31, 2025 | | | Amortized
Cost | | Gross
Unrealized
Gains | | Gross
Unrealized Losses | | Fair
Value | | Cash equivalents | | | | | | | | | Money market funds | $ | 120,155 | | | $ | — | | | $ | — | | | $ | 120,155 | | | | | | | | | | | | | | | | | | | Total | $ | 120,155 | | | $ | — | | | $ | — | | | $ | 120,155 | | | | | | | | | | | Marketable securities | | | | | | | | | US Treasury securities | $ | 679,959 | | | $ | 1,267 | | | $ | (1) | | | $ | 681,225 | | | | | | | | | | | | | | | | | | | | | | | | | | | Total | $ | 679,959 | | | $ | 1,267 | | | $ | (1) | | | $ | 681,225 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Long-term marketable securities | | | | | | | | | US Treasury securities | $ | 186,971 | | | $ | 231 | | | $ | — | | | $ | 187,202 | | | Total | $ | 186,971 | | | $ | 231 | | | $ | — | | | $ | 187,202 | |
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