CASH, CASH EQUIVALENTS AND SHORT-TERM INVESTMENTS (Tables)
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9 Months Ended |
Sep. 30, 2026 |
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| Cash, Cash Equivalents, and Short-Term Investments [Abstract] |
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| Schedule of cash and cash equivalents |
As of September 30, 2026 and December 31, 2025, the Company’s cash and cash equivalents and short-term investments were composed of: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | September 30, 2026 | | Unaudited | | Fair value level | | Adjusted cost basis | | Unrealized gains | | Unrealized losses | | Fair market value | | Recorded basis | | Cash and cash equivalents | | Short-term investments | | Cash | | | $ | 11,227 | | | $ | — | | | $ | — | | | $ | 11,227 | | | $ | 11,227 | | | $ | 11,227 | | | $ | — | | | Money market funds | Level 1 | | 85,507 | | | — | | | — | | | 85,507 | | | 85,507 | | | 85,507 | | | — | | | Certificate of deposits and term deposits | Level 2 | | 65,804 | | | — | | | — | | | 65,804 | | | 65,804 | | | — | | | 65,804 | | | HTM securities (1) | | | | | | | | | | | | | | | | | U.S. Treasury bills | Level 1 | | $ | 58,880 | | | $ | — | | | $ | (125) | | | 58,755 | | | 58,880 | | | $ | — | | | $ | 58,880 | | | | | | | | | | | | | | | | | | | Corporate debt securities | Level 2 | | $ | 242,061 | | | $ | 5 | | | $ | (1,048) | | | 241,018 | | | 242,061 | | | $ | — | | | $ | 242,061 | | | | | | | | | | | | | | | | | | | | | $ | 300,941 | | | $ | 5 | | | $ | (1,173) | | | $ | 299,773 | | | $ | 300,941 | | | $ | — | | | $ | 300,941 | | | | | | | | | | | | | | | | | | | Total | | | $ | 463,479 | | | $ | 5 | | | $ | (1,173) | | | $ | 462,311 | | | $ | 463,479 | | | $ | 96,734 | | | $ | 366,745 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2025 | | Audited | | Fair value level | | Adjusted cost basis | | Unrealized gains | | Unrealized losses | | Fair market value | | Recorded basis | | Cash and cash equivalents | | Short-term investments | | Cash | | | $ | 7,402 | | | $ | — | | | $ | — | | | $ | 7,402 | | | $ | 7,402 | | | $ | 7,402 | | | $ | — | | | Money market funds | Level 1 | | 66,213 | | | — | | | — | | | 66,213 | | | 66,213 | | | 66,213 | | | — | | | Certificate of deposits and term deposits | Level 2 | | 25,186 | | | — | | | — | | | 25,186 | | | 25,186 | | | 10,013 | | | 15,173 | | | HTM securities (1) | | | | | | | | | | | | | | | | | U.S. Treasury bills | Level 1 | | $ | 54,096 | | | $ | 48 | | | $ | — | | | 54,144 | | | 54,096 | | | $ | — | | | $ | 54,096 | | | | | | | | | | | | | | | | | | | Corporate debt securities | Level 2 | | $ | 294,777 | | | $ | 82 | | | $ | (205) | | | 294,654 | | | 294,777 | | | $ | 9,920 | | | $ | 284,857 | | | | | | | | | | | | | | | | | | | | | $ | 348,873 | | | $ | 130 | | | $ | (205) | | | $ | 348,798 | | | $ | 348,873 | | | $ | 9,920 | | | $ | 338,953 | | | | | | | | | | | | | | | | | | | Total | | | $ | 447,674 | | | $ | 130 | | | $ | (205) | | | $ | 447,599 | | | $ | 447,674 | | | $ | 93,548 | | | $ | 354,126 | |
(1) Changes in fair value of held-to-maturity ("HTM") securities are presented for disclosure purposes as required by ASC 320 "Investments — Debt Securities" and are recorded as finance expenses only if the unrealized loss is identified as a credit loss.
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| Schedule of amortized cost and recorded basis of T-bills in short-term investments |
As of September 30, 2026 and December 31, 2025, the Company’s cash and cash equivalents and short-term investments were composed of: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | September 30, 2026 | | Unaudited | | Fair value level | | Adjusted cost basis | | Unrealized gains | | Unrealized losses | | Fair market value | | Recorded basis | | Cash and cash equivalents | | Short-term investments | | Cash | | | $ | 11,227 | | | $ | — | | | $ | — | | | $ | 11,227 | | | $ | 11,227 | | | $ | 11,227 | | | $ | — | | | Money market funds | Level 1 | | 85,507 | | | — | | | — | | | 85,507 | | | 85,507 | | | 85,507 | | | — | | | Certificate of deposits and term deposits | Level 2 | | 65,804 | | | — | | | — | | | 65,804 | | | 65,804 | | | — | | | 65,804 | | | HTM securities (1) | | | | | | | | | | | | | | | | | U.S. Treasury bills | Level 1 | | $ | 58,880 | | | $ | — | | | $ | (125) | | | 58,755 | | | 58,880 | | | $ | — | | | $ | 58,880 | | | | | | | | | | | | | | | | | | | Corporate debt securities | Level 2 | | $ | 242,061 | | | $ | 5 | | | $ | (1,048) | | | 241,018 | | | 242,061 | | | $ | — | | | $ | 242,061 | | | | | | | | | | | | | | | | | | | | | $ | 300,941 | | | $ | 5 | | | $ | (1,173) | | | $ | 299,773 | | | $ | 300,941 | | | $ | — | | | $ | 300,941 | | | | | | | | | | | | | | | | | | | Total | | | $ | 463,479 | | | $ | 5 | | | $ | (1,173) | | | $ | 462,311 | | | $ | 463,479 | | | $ | 96,734 | | | $ | 366,745 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2025 | | Audited | | Fair value level | | Adjusted cost basis | | Unrealized gains | | Unrealized losses | | Fair market value | | Recorded basis | | Cash and cash equivalents | | Short-term investments | | Cash | | | $ | 7,402 | | | $ | — | | | $ | — | | | $ | 7,402 | | | $ | 7,402 | | | $ | 7,402 | | | $ | — | | | Money market funds | Level 1 | | 66,213 | | | — | | | — | | | 66,213 | | | 66,213 | | | 66,213 | | | — | | | Certificate of deposits and term deposits | Level 2 | | 25,186 | | | — | | | — | | | 25,186 | | | 25,186 | | | 10,013 | | | 15,173 | | | HTM securities (1) | | | | | | | | | | | | | | | | | U.S. Treasury bills | Level 1 | | $ | 54,096 | | | $ | 48 | | | $ | — | | | 54,144 | | | 54,096 | | | $ | — | | | $ | 54,096 | | | | | | | | | | | | | | | | | | | Corporate debt securities | Level 2 | | $ | 294,777 | | | $ | 82 | | | $ | (205) | | | 294,654 | | | 294,777 | | | $ | 9,920 | | | $ | 284,857 | | | | | | | | | | | | | | | | | | | | | $ | 348,873 | | | $ | 130 | | | $ | (205) | | | $ | 348,798 | | | $ | 348,873 | | | $ | 9,920 | | | $ | 338,953 | | | | | | | | | | | | | | | | | | | Total | | | $ | 447,674 | | | $ | 130 | | | $ | (205) | | | $ | 447,599 | | | $ | 447,674 | | | $ | 93,548 | | | $ | 354,126 | |
(1) Changes in fair value of held-to-maturity ("HTM") securities are presented for disclosure purposes as required by ASC 320 "Investments — Debt Securities" and are recorded as finance expenses only if the unrealized loss is identified as a credit loss.
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| Schedule of available-for-sale securities reconciliation |
As of September 30, 2026 and December 31, 2025, the Company’s cash and cash equivalents and short-term investments were composed of: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | September 30, 2026 | | Unaudited | | Fair value level | | Adjusted cost basis | | Unrealized gains | | Unrealized losses | | Fair market value | | Recorded basis | | Cash and cash equivalents | | Short-term investments | | Cash | | | $ | 11,227 | | | $ | — | | | $ | — | | | $ | 11,227 | | | $ | 11,227 | | | $ | 11,227 | | | $ | — | | | Money market funds | Level 1 | | 85,507 | | | — | | | — | | | 85,507 | | | 85,507 | | | 85,507 | | | — | | | Certificate of deposits and term deposits | Level 2 | | 65,804 | | | — | | | — | | | 65,804 | | | 65,804 | | | — | | | 65,804 | | | HTM securities (1) | | | | | | | | | | | | | | | | | U.S. Treasury bills | Level 1 | | $ | 58,880 | | | $ | — | | | $ | (125) | | | 58,755 | | | 58,880 | | | $ | — | | | $ | 58,880 | | | | | | | | | | | | | | | | | | | Corporate debt securities | Level 2 | | $ | 242,061 | | | $ | 5 | | | $ | (1,048) | | | 241,018 | | | 242,061 | | | $ | — | | | $ | 242,061 | | | | | | | | | | | | | | | | | | | | | $ | 300,941 | | | $ | 5 | | | $ | (1,173) | | | $ | 299,773 | | | $ | 300,941 | | | $ | — | | | $ | 300,941 | | | | | | | | | | | | | | | | | | | Total | | | $ | 463,479 | | | $ | 5 | | | $ | (1,173) | | | $ | 462,311 | | | $ | 463,479 | | | $ | 96,734 | | | $ | 366,745 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2025 | | Audited | | Fair value level | | Adjusted cost basis | | Unrealized gains | | Unrealized losses | | Fair market value | | Recorded basis | | Cash and cash equivalents | | Short-term investments | | Cash | | | $ | 7,402 | | | $ | — | | | $ | — | | | $ | 7,402 | | | $ | 7,402 | | | $ | 7,402 | | | $ | — | | | Money market funds | Level 1 | | 66,213 | | | — | | | — | | | 66,213 | | | 66,213 | | | 66,213 | | | — | | | Certificate of deposits and term deposits | Level 2 | | 25,186 | | | — | | | — | | | 25,186 | | | 25,186 | | | 10,013 | | | 15,173 | | | HTM securities (1) | | | | | | | | | | | | | | | | | U.S. Treasury bills | Level 1 | | $ | 54,096 | | | $ | 48 | | | $ | — | | | 54,144 | | | 54,096 | | | $ | — | | | $ | 54,096 | | | | | | | | | | | | | | | | | | | Corporate debt securities | Level 2 | | $ | 294,777 | | | $ | 82 | | | $ | (205) | | | 294,654 | | | 294,777 | | | $ | 9,920 | | | $ | 284,857 | | | | | | | | | | | | | | | | | | | | | $ | 348,873 | | | $ | 130 | | | $ | (205) | | | $ | 348,798 | | | $ | 348,873 | | | $ | 9,920 | | | $ | 338,953 | | | | | | | | | | | | | | | | | | | Total | | | $ | 447,674 | | | $ | 130 | | | $ | (205) | | | $ | 447,599 | | | $ | 447,674 | | | $ | 93,548 | | | $ | 354,126 | |
(1) Changes in fair value of held-to-maturity ("HTM") securities are presented for disclosure purposes as required by ASC 320 "Investments — Debt Securities" and are recorded as finance expenses only if the unrealized loss is identified as a credit loss.
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