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Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2024

Investments, Debt and Equity Securities [Abstract]

Schedule of Notional and Fair Values of All Derivative Instruments

The notional and fair values of all derivative instruments were as follows (in thousands):

				December 31,
		Location in Balance Sheet		2024				2023
Derivative instruments designated as cash flow hedges:
Fair value—foreign exchange contract assets, net amount		Prepaid expenses and other current assets		$	—			$	1,184
Fair value—foreign exchange contract liabilities, net amount		Accrued liabilities		$	1,858			$	—
Notional value held to buy U.S. dollars in exchange for other currencies				$	5,074			$	738
Notional value held to sell U.S. dollars in exchange for other currencies				$	57,329			$	45,468

Schedule of Gross Amounts of Foreign Currency Forward Contracts

The gross amounts of the Company’s foreign currency forward contracts and the net amounts recorded in the Company’s consolidated balance sheets were as follows (in thousands):

		December 31,
		2024				2023
Gross amount of recognized assets		$	173			$	1,300
Gross amount of recognized liabilities			(2,031	)			(116	)
Net (liabilities) assets		$	(1,858	)		$	1,184

Schedule of Accumulated Other Comprehensive Loss (AOCL)

The changes in AOCL related to the cash flow hedges consisted of the following (in thousands):

		Year Ended December 31,
		2024				2023				2022
Beginning balance		$	1,034			$	(94	)		$	—
Other comprehensive (loss) gain before reclassification			(2,107	)			1,190				(94	)
Amounts reclassified from accumulated other comprehensive loss into net loss			(785	)			(62	)			—
Net current period other comprehensive (loss) gain			(2,892	)			1,128				(94	)
Ending balance		$	(1,858	)		$	1,034			$	(94	)

Summary of the Gains Recognized upon Settlement of the Hedged Transactions

The following table summarizes the gains recognized upon settlement of the hedged transactions in the consolidated statement of operations for the years ended December 31, 2024 and 2023 (in thousands):

		Year Ended December 31,
		2024				2023
Research and development		$	690			$	841
Selling, general and administrative			74				192
Total		$	764			$	1,033

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Tabular disclosure of the components of accumulated other comprehensive income (loss).

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Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments.

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Tabular disclosure of the presentation of foreign exchange contracts on the statement of financial position, including the fair value amounts and location of such amounts.

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