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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 31,494 $ 28,998
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 7,815 6,625
Share-based compensation 70,501 87,603
Restructuring charges 21,436 0
Amortization of discount and accretion of interest on marketable securities (1,693) (95)
Changes in operating assets and liabilities:    
Accounts receivable, net (2,336) (10,392)
Prepaid expenses and other assets (47,251) (26,757)
Deferred taxes 3,848 0
Accounts payable 11,359 6,224
Accrued expenses and other liabilities 22,810 24,098
Deferred revenue 42,058 62,503
Net cash provided by operating activities 160,041 178,807
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of property and equipment (6,237) (9,571)
Capitalized software development costs (1,590) (1,703)
Acquisition of a business operation (13,200) 0
Purchase of securities of privately held companies (6,000) 0
Investment in affiliated company (4,332)  
Purchase of marketable securities (112,915) (10,049)
Maturities of marketable securities 55,917 0
Net cash used in investing activities (88,357) (21,323)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from exercise of share options and employee share purchase plan 15,369 26,501
Repayment of tax advance relating to exercises of share options and RSUs, net (1,829) (5,072)
Repurchase of ordinary shares (734,971) 0
Net cash provided by (used in) financing activities (721,431) 21,429
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (649,747) 178,913
CASH AND CASH EQUIVALENTS - Beginning of period 1,503,149 1,411,602
CASH AND CASH EQUIVALENTS - End of period 853,402 1,590,515
NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Non-cash purchases of property and equipment 0 0
Capitalized share-based compensation costs 432 1,055
Right-of-use asset recognized with corresponding lease liability 76,354 27,111
Deferred payment in connection with an acquisition of a business operation $ 900 $ 0