v3.26.1
Interim Consolidated Statement of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flow from operating activities:    
Net income $ 17,309 $ 36,876
Adjustments to reconcile net income to net cash provided by operating activities:    
Share-based compensation 29,633 17,587
Amortization of premium, accretion of discount and accrued interest on marketable securities (1,385) (1,725)
Depreciation and amortization 15,920 5,223
Interest income from short-term deposits (3,529) (4,683)
Deferred income taxes (765) (1,773)
Increase in trade receivables (5,629) (9,210)
(Decrease) increase in deferred revenue (12,874) 3,302
Decrease in other non-current assets 299 995
(Increase) decrease in prepaid expenses and other current assets (613) 2,732
Changes in Operating lease right-of-use assets 2,113 2,226
Changes in Operating lease liabilities (1,660) (1,711)
Increase in inventories (715) (534)
Increase (decrease) in trade payables 1,194 (1,212)
(Decrease) increase in other accounts payable and accrued expenses (3,495) 5,470
Increase (decrease) in other long-term liabilities 1,671 (102)
Net cash provided by operating activities 37,474 53,461
Cash flows from investing activities:    
Capital expenditures (6,109) (5,947)
Cash paid in conjunction with acquisitions, net of acquired cash (15,278)
Purchase of intangible assets (15,619)
Investment in marketable securities (124,625) (183,146)
Proceeds from maturities of marketable securities 60,945 59,623
Proceeds from sales of marketable securities 55,546 31,166
Investment in short-term deposits (82,000) (84,000)
Redemption of short-term deposits 99,819 96,377
Net cash used in investing activities (27,321) (85,927)
Cash flows from financing activities:    
Exercise of options to shares 4,251 15,117
Proceeds from Employee Share Purchase Plan 2,868 2,329
Net cash provided by financing activities 7,119 17,446
Net increase (decrease) in cash and cash equivalents 17,272 (15,020)
Net effect of currency translation on cash and cash equivalents (479) 2,584
Cash and cash equivalents at beginning of period 124,457 191,659
Cash and cash equivalents at end of period 141,250 179,223
Supplemental cash flow information:    
Income taxes paid (received) 10,535 (8,073)
Non-cash activities    
Operating lease liabilities arising from obtaining right-of-use assets $ 2,219 $ 13,141