Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2024

Schedule of Cash, Cash Equivalents, Marketable Securities and Short-Term Deposits

Cash equivalents, marketable securities and deposits consist of the following (in thousands):


	As of December 31, 2024
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
Cash equivalents
Money market funds	$	133,113	$	—	$	—	$	133,113
Total	$	133,113	$	—	$	—	$	133,113

Marketable securities
US Treasury securities	$	342,751	$	632	$	—	$	343,383



Total	$	342,751	$	632	$	—	$	343,383

Short-term deposits
Term bank deposits	$	39,450	$	—	$	—	$	39,450
Total	$	39,450	$	—	$	—	$	39,450

Long-term marketable securities
US Treasury securities	$	661,955	$	104	$	(3,163)	$	658,896

Total	$	661,955	$	104	$	(3,163)	$	658,896


	As of December 31, 2023
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
Cash equivalents
Money market funds	$	164,848	$	—	$	—	$	164,848
Total	$	164,848	$	—	$	—	$	164,848

Marketable securities
US Treasury securities	$	242,633	$	530	$	(1)	$	243,162
US Government Agency securities	9,972		41		—		10,013


Total	$	252,605	$	571	$	(1)	$	253,175

Short-term deposits
Term bank deposits	$	49,800	$	—	$	—	$	49,800
Total	$	49,800	$	—	$	—	$	49,800

Long-term marketable securities
US Treasury securities	$	209,961	$	1,102	$	—	$	211,063
Total	$	209,961	$	1,102	$	—	$	211,063

Property, Plant and Equipment Estimated Useful Life

Depreciation is calculated using the straight-line method over the estimated useful lives of the assets at the following annual rates:


Computer equipment		33%
Office furniture and equipment	14%	—	15%
Leasehold improvements		Over the shorter of the expected lease term or estimated useful life

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value

Derivative instruments measured at fair value and their classification on the consolidated balance sheets are presented in the following table (in thousands):


	Assets (liabilities) as of				Assets (liabilities) as of
	December 31, 2024				December 31, 2023
	Notional Amount		Fair Value		Notional Amount		Fair Value
Foreign exchange forward contract derivatives in cash flow hedging relationships for operating expenses included in prepaid expenses and other short-term assets	$	131,363	$	773	$	128,411	$	3,372
Foreign exchange forward contract derivatives in cash flow hedging relationships for operating expenses included in accrued expenses and other short-term liabilities	$	56,256	$	(2,902)	$	—	$	—
Foreign exchange forward contract derivatives in cash flow hedging relationships for operating expenses included in long-term other assets	$	96,950	$	3,083	$	33,233	$	519
Foreign exchange forward contract derivatives in cash flow hedging relationships for operating expenses included in long-term other liabilities	$	—	$	—	$	102,216	$	(1,624)
Foreign exchange forward contract derivatives in cash flow hedging relationships for revenues included in prepaid expenses and other short-term assets	$	142,051	$	7,326	$	—	$	—

Foreign exchange forward contract derivatives for monetary items included in prepaid expenses and other short-term assets	$	—	$	—	$	39,155	$	36
Foreign exchange forward contract derivatives for monetary items included in accrued expenses and other short-term liabilities	$	—	$	—	$	5,213	$	(7)