v3.26.3
Derivative Financial Instruments and Hedging (Tables)
 9 Months Ended
Sep. 30, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Disclosure of Notional Amount of Derivatives by Hedging Designation

The notional amounts of outstanding foreign currency contracts in U.S. dollar as of the periods presented were as follows:

 

 

September 30, 2026

 

 

December 31, 2025

 

 

 

(in thousands)

 

Derivatives Designated as Hedging Instruments:

 

 

 

 

 

 

Foreign currency contracts

 

$

165,754

 

 

$

95,063

 

Derivatives Not Designated as Hedging Instruments:

 

 

 

 

 

 

Foreign currency contracts

 

 

111,107

 

 

 

19,041

 

Total derivative instruments

 

$

276,861

 

 

$

114,104

 

 
Derivative Instruments, Gain (Loss)

The gains (losses) on foreign currency contracts were presented on the Condensed Consolidated Statements of Operations as follows:

 

 

Derivatives Designated as Hedging Instruments

 

 

Derivatives Not Designated as Hedging Instruments

 

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Condensed Statement of Operations Location:

 

(in thousands)

 

Cost of revenue: subscription–self-managed and SaaS

 

$

153

 

 

$

225

 

 

$

878

 

 

$

329

 

 

$

—

 

 

$

—

 

 

$

—

 

 

$

—

 

Research and development

 

 

1,174

 

 

 

1,778

 

 

 

6,417

 

 

 

2,608

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Sales and marketing

 

 

279

 

 

 

347

 

 

 

1,559

 

 

 

519

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

General and administrative

 

 

217

 

 

 

478

 

 

 

1,225

 

 

 

703

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Interest and other income, net

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(3,134

)

 

 

212

 

 

 

(1,893

)

 

 

1,231

 

Total gains (losses) recognized in earnings

 

$

1,823

 

 

$

2,828

 

 

$

10,079

 

 

$

4,159

 

 

$

(3,134

)

 

$

212

 

 

$

(1,893

)

 

$

1,231