General (Tables)

3 Months Ended

Mar. 31, 2025

Organization, Consolidation and Presentation of Financial Statements [Abstract]

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

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

 

	Assets (liabilities) as of March 31, 2025 (unaudited)				Assets (liabilities) as of December 31, 2024
	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	$	32,442	$	66	$	131,363	$	773
Foreign exchange forward contract derivatives in cash flow hedging relationships for operating expenses included in accrued expenses and other short-term liabilities	$	140,858	$	(2,298)	$	56,256	$	(2,902)
Foreign exchange forward contract derivatives in cash flow hedging relationships for operating expenses included in long-term other assets	$	64,508	$	694	$	96,950	$	3,083
Foreign exchange forward contract derivatives in cash flow hedging relationships for operating expenses included in long-term other liabilities	$	33,146	$	(361)	$	—	$	—
Foreign exchange forward contract derivatives in cash flow hedging relationships for revenues included in prepaid expenses and other short-term assets	$	114,878	$	2,379	$	142,051	$	7,326

Schedule of Cash, Cash Equivalents and Investments

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

 

	As of March 31, 2025
	(unaudited)
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
Cash equivalents
Money market funds	$	76,308	$	—	$	—	$	76,308
Total	$	76,308	$	—	$	—	$	76,308
Marketable securities
US Treasury securities	$	414,222	$	398	$	(96)	$	414,524
Total	$	414,222	$	398	$	(96)	$	414,524
Short-term deposits
Term bank deposits	$	41,588	$	—	$	—	$	41,588
Total	$	41,588	$	—	$	—	$	41,588
Long-term marketable securities
US Treasury securities	$	592,038	$	984	$	(1,320)	$	591,702
Total	$	592,038	$	984	$	(1,320)	$	591,702

	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