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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net Income (Loss) $ 118,742 $ 32,372 $ (1,877)
Adjustments to reconcile net income (loss) to cash provided by operating activities:      
Depreciation and amortization 13,805 11,858 9,023
Loss from sale of property and equipment 290 576 0
Share-based compensation 177,011 129,209 100,186
Charitable share contribution to Foundation 0 17,908 0
Amortization of discount and accretion of interest on marketable securities (2,139) (227) 0
Changes in operating assets and liabilities:      
Accounts receivable, net (4,748) (7,893) (4,685)
Prepaid expenses and other assets (45,602) 16,280 11,840
Accounts payable 8,453 10,406 17,397
Accrued expenses and other liabilities 59,953 27,459 14,588
Deferred taxes, net (61,150) 0 0
Deferred revenue 69,029 73,117 68,932
Net cash provided by operating activities 333,644 311,065 215,404
CASH FLOWS FROM INVESTING ACTIVITIES:      
Purchase of property and equipment (20,362) (13,211) (7,901)
Purchase of marketable securities (187,829) (49,570) 0
Maturities of marketable securities 77,855 0 0
Investments in affiliated company 0 (6,000) 0
Capitalized software development costs (3,380) (2,024) (2,558)
Net cash used in investing activities (133,716) (70,805) (10,459)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from exercise of share options and employee share purchase plan 41,865 43,341 21,243
Receipt (repayment) of tax advance relating to exercises of share options and RSUs, net (15,218) 11,873 4,046
Repurchases of ordinary shares (135,028) 0 0
Net cash provided by (used in) financing activities (108,381) 55,214 25,289
INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS 91,547 295,474 230,234
CASH, CASH EQUIVALENTS – Beginning of year 1,411,602 1,116,128 885,894
CASH, CASH EQUIVALENTS – End of year 1,503,149 1,411,602 1,116,128
SUPPLEMENTAL DISCLOSURE:      
Cash paid for income taxes, net 4,858 6,210 7,560
Cash paid for interest 0 0 25
NON-CASH INVESTING AND FINANCING ACTIVITIES:      
Non-cash purchases of property and equipment 937 368 105
Capitalized share-based compensation costs 1,814 1,144 1,997
Right-of-use asset recognized with corresponding lease liability $ 79,189 $ 68,743 $ 93