CASH, CASH EQUIVALENTS AND SHORT-TERM INVESTMENTS (Tables)

3 Months Ended

Mar. 31, 2026

Cash, Cash Equivalents, and Short-Term Investments [Abstract]

Schedule of cash and cash equivalents

As of March 31, 2026 and December 31, 2025, the Company’s cash and cash equivalents and short-term investments were composed of:

	March 31, 2026
	Unaudited
	Fair value level	Adjusted cost basis		Unrealized gains		Unrealized losses		Fair market value		Recorded basis		Cash and cash equivalents		Short-term investments
Cash		$	15,290	$	—	$	—	$	15,290	$	15,290	$	15,290	$	—
Money market funds	Level 1	72,237		—		—		72,237		72,237		72,237		—
Certificate of deposits and term deposits	Level 2	25,390		—		—		25,390		25,390		—		25,390
HTM securities (1)
U.S. Treasury bills	Level 1	$	58,953	$	15	$	(48)	58,920		58,953		$	—	$	58,953
Corporate debt securities	Level 2	$	260,134	$	12	$	(467)	259,679		260,134		$	—	$	260,134
		$	319,087	$	27	$	(515)	$	318,599	$	319,087	$	—	$	319,087
Total		$	432,004	$	27	$	(515)	$	431,516	$	432,004	$	87,527	$	344,477

	December 31, 2025
	Audited
	Fair value level	Adjusted cost basis		Unrealized gains		Unrealized losses		Fair market value		Recorded basis		Cash and cash equivalents		Short-term investments
Cash		$	7,402	$	—	$	—	$	7,402	$	7,402	$	7,402	$	—
Money market funds	Level 1	66,213		—		—		66,213		66,213		66,213		—
Certificate of deposits and term deposits	Level 2	25,186		—		—		25,186		25,186		10,013		15,173
HTM securities (1)
U.S. Treasury bills	Level 1	$	54,096	$	48	$	—	54,144		54,096		$	—	$	54,096
Corporate debt securities	Level 2	$	294,777	$	82	$	(205)	294,654		294,777		$	9,920	$	284,857
		$	348,873	$	130	$	(205)	$	348,798	$	348,873	$	9,920	$	338,953
Total		$	447,674	$	130	$	(205)	$	447,599	$	447,674	$	93,548	$	354,126

(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.

Schedule of amortized cost and recorded basis of T-bills in short-term investments

As of March 31, 2026 and December 31, 2025, the Company’s cash and cash equivalents and short-term investments were composed of:

	March 31, 2026
	Unaudited
	Fair value level	Adjusted cost basis		Unrealized gains		Unrealized losses		Fair market value		Recorded basis		Cash and cash equivalents		Short-term investments
Cash		$	15,290	$	—	$	—	$	15,290	$	15,290	$	15,290	$	—
Money market funds	Level 1	72,237		—		—		72,237		72,237		72,237		—
Certificate of deposits and term deposits	Level 2	25,390		—		—		25,390		25,390		—		25,390
HTM securities (1)
U.S. Treasury bills	Level 1	$	58,953	$	15	$	(48)	58,920		58,953		$	—	$	58,953
Corporate debt securities	Level 2	$	260,134	$	12	$	(467)	259,679		260,134		$	—	$	260,134
		$	319,087	$	27	$	(515)	$	318,599	$	319,087	$	—	$	319,087
Total		$	432,004	$	27	$	(515)	$	431,516	$	432,004	$	87,527	$	344,477

	December 31, 2025
	Audited
	Fair value level	Adjusted cost basis		Unrealized gains		Unrealized losses		Fair market value		Recorded basis		Cash and cash equivalents		Short-term investments
Cash		$	7,402	$	—	$	—	$	7,402	$	7,402	$	7,402	$	—
Money market funds	Level 1	66,213		—		—		66,213		66,213		66,213		—
Certificate of deposits and term deposits	Level 2	25,186		—		—		25,186		25,186		10,013		15,173
HTM securities (1)
U.S. Treasury bills	Level 1	$	54,096	$	48	$	—	54,144		54,096		$	—	$	54,096
Corporate debt securities	Level 2	$	294,777	$	82	$	(205)	294,654		294,777		$	9,920	$	284,857
		$	348,873	$	130	$	(205)	$	348,798	$	348,873	$	9,920	$	338,953
Total		$	447,674	$	130	$	(205)	$	447,599	$	447,674	$	93,548	$	354,126

(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.

Schedule of available-for-sale securities reconciliation

As of March 31, 2026 and December 31, 2025, the Company’s cash and cash equivalents and short-term investments were composed of:

	March 31, 2026
	Unaudited
	Fair value level	Adjusted cost basis		Unrealized gains		Unrealized losses		Fair market value		Recorded basis		Cash and cash equivalents		Short-term investments
Cash		$	15,290	$	—	$	—	$	15,290	$	15,290	$	15,290	$	—
Money market funds	Level 1	72,237		—		—		72,237		72,237		72,237		—
Certificate of deposits and term deposits	Level 2	25,390		—		—		25,390		25,390		—		25,390
HTM securities (1)
U.S. Treasury bills	Level 1	$	58,953	$	15	$	(48)	58,920		58,953		$	—	$	58,953
Corporate debt securities	Level 2	$	260,134	$	12	$	(467)	259,679		260,134		$	—	$	260,134
		$	319,087	$	27	$	(515)	$	318,599	$	319,087	$	—	$	319,087
Total		$	432,004	$	27	$	(515)	$	431,516	$	432,004	$	87,527	$	344,477

	December 31, 2025
	Audited
	Fair value level	Adjusted cost basis		Unrealized gains		Unrealized losses		Fair market value		Recorded basis		Cash and cash equivalents		Short-term investments
Cash		$	7,402	$	—	$	—	$	7,402	$	7,402	$	7,402	$	—
Money market funds	Level 1	66,213		—		—		66,213		66,213		66,213		—
Certificate of deposits and term deposits	Level 2	25,186		—		—		25,186		25,186		10,013		15,173
HTM securities (1)
U.S. Treasury bills	Level 1	$	54,096	$	48	$	—	54,144		54,096		$	—	$	54,096
Corporate debt securities	Level 2	$	294,777	$	82	$	(205)	294,654		294,777		$	9,920	$	284,857
		$	348,873	$	130	$	(205)	$	348,798	$	348,873	$	9,920	$	338,953
Total		$	447,674	$	130	$	(205)	$	447,599	$	447,674	$	93,548	$	354,126

(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.