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Derivative Financial Instruments and Hedging (Tables)
12 Months Ended
Dec. 31, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Disclosure of Notional Amount of Derivatives by Hedging Designation

The notional amounts of outstanding foreign currency contracts in U.S. dollar as of the periods presented were as follows:

 

 

December 31,

 

 

 

2025

 

 

2024

 

 

 

(in thousands)

 

Derivatives Designated as Hedging Instruments:

 

 

 

 

 

 

Foreign currency contracts

 

$

95,063

 

 

$

84,156

 

Derivatives Not Designated as Hedging Instruments:

 

 

 

 

 

 

Foreign currency contracts

 

 

19,041

 

 

 

16,737

 

Total derivative instruments

 

$

114,104

 

 

$

100,893

 

 

 

Derivative Instruments, Gain (Loss)

The gains (losses) on foreign currency contracts were presented on the Consolidated Statements of Operations as follows:

 

 

Derivatives Designated as Hedging Instruments

 

 

Derivatives Not Designated as Hedging Instruments

 

 

 

December 31,

 

 

December 31,

 

 

 

2025

 

 

2024

 

 

2023

 

 

2025

 

 

2024

 

 

2023

 

Statement of Operations Location:

 

(in thousands)

 

Cost of revenue: subscription–self-managed and SaaS

 

$

603

 

 

$

3

 

 

$

(359

)

 

$

 

 

$

 

 

$

 

Research and development

 

 

4,833

 

 

 

32

 

 

 

(2,982

)

 

 

 

 

 

 

 

 

 

Sales and marketing

 

 

957

 

 

 

11

 

 

 

(693

)

 

 

 

 

 

 

 

 

 

General and administrative

 

 

1,330

 

 

 

11

 

 

 

(798

)

 

 

 

 

 

 

 

 

 

Interest and other income, net

 

 

 

 

 

 

 

 

 

 

 

1,671

 

 

 

(180

)

 

 

(593

)

Total gains (losses) recognized in earnings

 

$

7,723

 

 

$

57

 

 

$

(4,832

)

 

$

1,671

 

 

$

(180

)

 

$

(593

)