XML 35 R10.htm IDEA: XBRL DOCUMENT
v3.25.4

Financial Instruments | 12 Months Ended
--- | ---
Dec. 31, 2025
Investments, All Other Investments [Abstract] |
Financial Instruments | Financial Instruments Cash, Cash Equivalents and Marketable Securities The following tables summarize our cash and cash equivalents, and marketable securities balances recorded in our Consolidated Balance Sheets as of December 31, 2025 and 2024 (in thousands):
|  |  |  |  |  |  |  |  |  | Reported as: |  |  |  |  |  |
December 31, 2025 |  | Amortized Cost |  | Gross Unrealized Gains |  | Gross Unrealized Losses |  | Fair Value |  | Cash and cash equivalents |  |  |  |  |  |
Cash |  | $ | 770,051 |  |  | $ | — |  |  | $ | — |  |  | $ | 770,051 |  |  | $ | 770,051 |  |  |  |  |  |  |
Money market funds |  | 308,940 |  |  | — |  |  | — |  |  | 308,940 |  |  | 308,940 |  |  |  |  |  |  |
Certificates of deposit |  | 15,917 |  |  | — |  |  | — |  |  | 15,917 |  |  | 15,917 |  |  |  |  |  |  |
Total |  | $ | 1,094,908 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,094,908 |  |  | $ | 1,094,908 |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  | Reported as: |  |  |  |
December 31, 2024 |  | Amortized Cost |  | Gross Unrealized Gains |  | Gross Unrealized Losses |  | Fair Value |  | Cash and cash equivalents |  |  |  |
Cash |  | $ | 752,423 |  |  | $ | — |  |  | $ | — |  |  | $ | 752,423 |  |  | $ | 752,423 |  |  |  |  |
Money market funds |  | 291,464 |  |  | — |  |  | — |  |  | 291,464 |  |  | 291,464 |  |  |  |  |
Total |  | $ | 1,043,887 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,043,887 |  |  | $ | 1,043,887 |  |  |  |  |
We had no short-term or long-term marketable securities as of December 31, 2025 or 2024. Fair Value Measurements The following tables summarize our financial assets measured at fair value as of December 31, 2025 and 2024 (in thousands):
Description |  | Balance as of December 31, 2025 |  | Level 1 |  |  |  |  |  |
Cash equivalents: |  |  |  |  |  |  |  |  |  |
Money market funds |  | $ | 308,940 |  |  | $ | 308,940 |  |  |  |  |  |  |
Certificate of deposits |  | 15,917 |  |  | 15,917 |  |  |  |  |  |  |
|  | $ | 324,857 |  |  | $ | 324,857 |  |  |  |  |  |  |
Description |  | Balance as of December 31, 2024 |  | Level 1 |  |  |  |
Cash equivalents: |  |  |  |  |  |  |  |
Money market funds |  | $ | 291,464 |  |  | $ | 291,464 |  |  |  |  |
|  | $ | 291,464 |  |  | $ | 291,464 |  |  |  |  |
We had no financial assets that were categorized as level 2 or level 3 in the fair value hierarchy for the years ended December 31, 2025 or 2024. Derivatives Not Designated as Hedging Instruments Recurring foreign currency forward contracts We enter into foreign currency forward contracts to minimize the short-term impact of foreign currency exchange rate fluctuations on certain assets and liabilities. These forward contracts are classified within Level 2 of the fair value hierarchy. As a result of the settlement of foreign currency forward contracts, we recognized a net loss of $34.2 million during the year ended December 31, 2025, a net gain of $35.2 million during the year ended December 31, 2024 and a net loss of $15.9 million during the year ended December 31, 2023. Recognized gains and losses from the settlement of foreign currency forward contracts are recorded in Other income (expense), net in our Consolidated Statements of Operations. As of December 31, 2025 and 2024, the fair value of foreign exchange forward contracts outstanding was not material. The following tables present the gross notional value of all our foreign exchange forward contracts outstanding as of December 31, 2025 and 2024 (in thousands):
|  | December 31, 2025
|  | Local Currency Amount |  | Notional Contract Amount (USD)
Euro |  | €183,700 |  | $ | 215,895 |
Canadian Dollar |  | C$90,000 |  | 65,802 |
British Pound |  | £38,500 |  | 51,782 |
Polish Zloty |  | PLN174,800 |  | 48,605 |
Israeli Shekel |  | ILS80,500 |  | 25,283 |
Japanese Yen |  | ¥3,200,000 |  | 20,447 |
Brazilian Real |  | R$63,500 |  | 11,440 |
Chinese Yuan |  | ¥52,000 |  | 7,461 |
Swiss Franc |  | CHF4,200 |  | 5,316 |
New Taiwan Dollar |  | NT$121,500 |  | 3,851 |
New Zealand Dollar |  | NZ$6,020 |  | 3,474 |
Korean Won |  | ₩4,600,000 |  | 3,207 |
Australian Dollar |  | A$3,500 |  | 2,337 |
Czech Koruna |  | Kč26,000 |  | 1,262 |
Total notional contract amount |  |  |  | $ | 466,162 |
|  | December 31, 2024
|  | Local Currency Amount |  | Notional Contract Amount (USD)
Euro |  | €176,080 |  | $ | 183,172 |
Polish Zloty |  | PLN283,000 |  | 68,633 |
Canadian Dollar |  | C$97,000 |  | 67,446 |
British Pound |  | £37,600 |  | 47,090 |
Israeli Shekel |  | ILS90,055 |  | 24,740 |
Chinese Yuan |  | ¥164,500 |  | 22,417 |
Brazilian Real |  | R$83,100 |  | 13,327 |
Japanese Yen |  | ¥2,000,000 |  | 12,778 |
Swiss Franc |  | CHF5,700 |  | 6,314 |
New Zealand Dollar |  | NZ$7,000 |  | 3,924 |
Czech Koruna |  | Kč72,800 |  | 3,004 |
Australian Dollar |  | A$3,800 |  | 2,355 |
New Taiwan Dollar |  | NT$58,700 |  | 1,786 |
Korean Won |  | ₩2,000,000 |  | 1,361 |
Total notional contract amount |  |  |  | $ | 458,347 |

X
- Definition The entire disclosure for financial instruments. This disclosure includes, but is not limited to, fair value measurements of short and long term marketable securities, international currencies forward contracts, and auction rate securities. Financial instruments may include hedging and non-hedging currency exchange instruments, derivatives, securitizations and securities available for sale at fair value. Also included are investment results, realized and unrealized gains and losses as well as impairments and risk management disclosures. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 825 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/825/tableOfContent + Details
Name: | us-gaap_FinancialInstrumentsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_InvestmentsAllOtherInvestmentsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration