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Fair Value Measurements
 12 Months Ended
Dec. 31, 2024
Fair Value Disclosures [Abstract]  
Fair Value Measurements FAIR VALUE MEASUREMENTS
The Company evaluates assets and liabilities subject to fair value measurements on a recurring basis to determine the appropriate level to classify them for each reporting period. There have been no transfers between fair value measurements levels during the years ended December 31, 2024 and 2023. The carrying amounts of cash and cash equivalents, marketable securities, trade receivables, short-term deposits and trade payables approximate their fair value due to the short-term maturity of such instruments.

The following table sets forth the Company’s assets and liabilities that were measured at fair value as of December 31, 2024 and 2023 by level within the fair value hierarchy (in thousands):
 
 As of December 31, 2024As of December 31, 2023
 Level ILevel
II		Level
III		Total Fair
Value		Level ILevel
II		Level
III		Total Fair
Value
Financial assets:        
Cash equivalents:        
Money market funds$133,113 $— $— $133,113 $164,848 $— $— $164,848 
Marketable securities:
US Treasury securities— 343,383 — 343,383 — 243,162 — 243,162 
US Government Agency securities— — — — — 10,013 — 10,013 
Prepaid expenses and other short-term assets:
Forward foreign exchange contracts— 8,099 — 8,099 — 3,408 — 3,408 
Long-term marketable securities:
US Treasury securities— 658,896 — 658,896 — 211,063 — 211,063 
Long-term other assets:
Forward foreign exchange contracts— 3,083 — 3,083 — 519 — 519 
Financial liabilities:
Accrued expenses and other short-term liabilities:
Forward foreign exchange contracts— (2,902)— (2,902)— (7)— (7)
Long-term other liabilities:
Forward foreign exchange contracts— — — — — (1,624)— (1,624)
Total financial assets (liabilities), net$133,113 $1,010,559 $— $1,143,672 $164,848 $466,534 $— $631,382 

See Note 7 “Convertible Senior Notes and Capped Call Transactions” for the carrying amount and estimated fair value of the Company's Notes as of December 31, 2024. Marketable securities are classified within Level 2 as these assets are valued using alternative pricing sources utilizing market observable inputs.