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CASH, CASH EQUIVALENTS AND SHORT-TERM INVESTMENTS (Tables)
 3 Months Ended
Mar. 31, 2025
Cash, Cash Equivalents, and Short-Term Investments [Abstract]  
Schedule of cash and cash equivalents As of March 31, 2025 and December 31, 2024, the Company’s cash and cash equivalents and short-term investments were composed of:
March 31, 2025
Unaudited
Fair value levelAdjusted cost basisUnrealized gainsUnrealized lossesFair market valueRecorded basisCash and cash equivalentsShort-term investments (2)
Cash$14,347 $— $— $14,347 $14,347 $14,347 $— 
Money market fundsLevel 1111,032 — — 111,032 111,032 111,032 — 
Certificate of deposits and term depositsLevel 2174,291 — — 174,291 174,291 1,900 172,391 
HTM securities (1)
U.S. Treasury billsLevel 1$117,961 $45 $(1)118,005 117,961 $— $117,961 
Corporate debt securitiesLevel 2$511,500 $570 $(25)512,045 511,500 $— $511,500 
$629,461 $615 $(26)$630,050 $629,461 $— $629,461 
Total$929,131 $615 $(26)$929,720 $929,131 $127,279 $801,852 

December 31, 2024
Audited
Fair value levelAdjusted cost basisUnrealized gainsUnrealized lossesFair market valueRecorded basisCash and cash equivalentsShort-term investments (2)
Cash$11,848 $— $— $11,848 $11,848 $11,848 $— 
Money market fundsLevel 1151,919 — — 151,919 151,919 151,919 — 
Certificate of deposits and term depositsLevel 2170,120 — — 170,120 170,120 — 170,120 
HTM securities (1)
U.S. Treasury billsLevel 1$118,618 $93 $(1)118,710 118,618 $— $118,618 
Government and governmental agenciesLevel 2$— $— $— — — $— $— 
Corporate debt securitiesLevel 2$507,368 $920 $(119)508,169 507,368 $— $507,368 
$625,986 $1,013 $(120)$626,879 $625,986 $— $625,986 
Total$959,873 $1,013 $(120)$960,766 $959,873 $163,767 $796,106 
(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.
(2)    Pursuant to a bank guaranty agreement, $16,231 of short-term investments are pledged. See Note 4.
Schedule of amortized cost and recorded basis of T-bills in short-term Investments As of March 31, 2025 and December 31, 2024, the Company’s cash and cash equivalents and short-term investments were composed of:
March 31, 2025
Unaudited
Fair value levelAdjusted cost basisUnrealized gainsUnrealized lossesFair market valueRecorded basisCash and cash equivalentsShort-term investments (2)
Cash$14,347 $— $— $14,347 $14,347 $14,347 $— 
Money market fundsLevel 1111,032 — — 111,032 111,032 111,032 — 
Certificate of deposits and term depositsLevel 2174,291 — — 174,291 174,291 1,900 172,391 
HTM securities (1)
U.S. Treasury billsLevel 1$117,961 $45 $(1)118,005 117,961 $— $117,961 
Corporate debt securitiesLevel 2$511,500 $570 $(25)512,045 511,500 $— $511,500 
$629,461 $615 $(26)$630,050 $629,461 $— $629,461 
Total$929,131 $615 $(26)$929,720 $929,131 $127,279 $801,852 

December 31, 2024
Audited
Fair value levelAdjusted cost basisUnrealized gainsUnrealized lossesFair market valueRecorded basisCash and cash equivalentsShort-term investments (2)
Cash$11,848 $— $— $11,848 $11,848 $11,848 $— 
Money market fundsLevel 1151,919 — — 151,919 151,919 151,919 — 
Certificate of deposits and term depositsLevel 2170,120 — — 170,120 170,120 — 170,120 
HTM securities (1)
U.S. Treasury billsLevel 1$118,618 $93 $(1)118,710 118,618 $— $118,618 
Government and governmental agenciesLevel 2$— $— $— — — $— $— 
Corporate debt securitiesLevel 2$507,368 $920 $(119)508,169 507,368 $— $507,368 
$625,986 $1,013 $(120)$626,879 $625,986 $— $625,986 
Total$959,873 $1,013 $(120)$960,766 $959,873 $163,767 $796,106 
(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.
(2)    Pursuant to a bank guaranty agreement, $16,231 of short-term investments are pledged. See Note 4.
Schedule of available-for-sale securities reconciliation As of March 31, 2025 and December 31, 2024, the Company’s cash and cash equivalents and short-term investments were composed of:
March 31, 2025
Unaudited
Fair value levelAdjusted cost basisUnrealized gainsUnrealized lossesFair market valueRecorded basisCash and cash equivalentsShort-term investments (2)
Cash$14,347 $— $— $14,347 $14,347 $14,347 $— 
Money market fundsLevel 1111,032 — — 111,032 111,032 111,032 — 
Certificate of deposits and term depositsLevel 2174,291 — — 174,291 174,291 1,900 172,391 
HTM securities (1)
U.S. Treasury billsLevel 1$117,961 $45 $(1)118,005 117,961 $— $117,961 
Corporate debt securitiesLevel 2$511,500 $570 $(25)512,045 511,500 $— $511,500 
$629,461 $615 $(26)$630,050 $629,461 $— $629,461 
Total$929,131 $615 $(26)$929,720 $929,131 $127,279 $801,852 

December 31, 2024
Audited
Fair value levelAdjusted cost basisUnrealized gainsUnrealized lossesFair market valueRecorded basisCash and cash equivalentsShort-term investments (2)
Cash$11,848 $— $— $11,848 $11,848 $11,848 $— 
Money market fundsLevel 1151,919 — — 151,919 151,919 151,919 — 
Certificate of deposits and term depositsLevel 2170,120 — — 170,120 170,120 — 170,120 
HTM securities (1)
U.S. Treasury billsLevel 1$118,618 $93 $(1)118,710 118,618 $— $118,618 
Government and governmental agenciesLevel 2$— $— $— — — $— $— 
Corporate debt securitiesLevel 2$507,368 $920 $(119)508,169 507,368 $— $507,368 
$625,986 $1,013 $(120)$626,879 $625,986 $— $625,986 
Total$959,873 $1,013 $(120)$960,766 $959,873 $163,767 $796,106 
(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.
(2)    Pursuant to a bank guaranty agreement, $16,231 of short-term investments are pledged. See Note 4.