0001107843-26-000035 | 10-Q | XBRL Viewer

Print Document

Intangible Assets, Net- Schedule of Carrying Value of Intangible Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Intangible Asset, Finite-Lived [Line Items]
Cost	$ 40,141	$ 40,141
Accumulated Amortization	(37,205)	(35,926)
Total expected future amortization expense	2,936	4,215
Intangible assets not subject to amortization	40	40
Intangible assets, net	$ 2,976	$ 4,255
Developed technology
Intangible Asset, Finite-Lived [Line Items]
Weighted Average Life (Years)	4 years 7 months 6 days	4 years 7 months 6 days
Cost	$ 40,141	$ 40,141
Accumulated Amortization	(37,205)	(35,926)
Total expected future amortization expense	$ 2,936	$ 4,215

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482558/350-40-50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 985
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481283/985-20-50-2

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (d)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482665/350-30-50-2

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482665/350-30-50-3

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (d)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482665/350-30-50-2

Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 985
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481283/985-20-50-1

Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 985
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481283/985-20-50-1

Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 985
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481283/985-20-50-1

Reference 9: http://www.xbrl.org/2003/role/exampleRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 31
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479876/805-20-55-31

Reference 10: http://www.xbrl.org/2003/role/exampleRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 20
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479876/805-20-55-20

Reference 11: http://www.xbrl.org/2003/role/exampleRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 20
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479876/805-20-55-20

Reference 12: http://www.xbrl.org/2003/role/exampleRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 38
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479876/805-20-55-38

Reference 13: http://www.xbrl.org/2003/role/exampleRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 31
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479876/805-20-55-31

Reference 14: http://www.xbrl.org/2003/role/exampleRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 38
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479876/805-20-55-38

Reference 15: http://www.xbrl.org/2003/role/exampleRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 38
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479876/805-20-55-38

Reference 16: http://www.xbrl.org/2003/role/exampleRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 38
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479876/805-20-55-38

Reference 17: http://www.xbrl.org/2003/role/exampleRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 38
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479876/805-20-55-38

Reference 18: http://www.xbrl.org/2003/role/exampleRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 38
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479876/805-20-55-38

Reference 19: http://www.xbrl.org/2003/role/exampleRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 31
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479876/805-20-55-31

Reference 20: http://www.xbrl.org/2003/role/exampleRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 31
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479876/805-20-55-31

Reference 21: http://www.xbrl.org/2003/role/exampleRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 31
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479876/805-20-55-31

Reference 22: http://www.xbrl.org/2003/role/exampleRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 31
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479876/805-20-55-31

Reference 23: http://www.xbrl.org/2003/role/exampleRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 31
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479876/805-20-55-31

Reference 24: http://www.xbrl.org/2003/role/exampleRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 31
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479876/805-20-55-31

Reference 25: http://www.xbrl.org/2003/role/exampleRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 31
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479876/805-20-55-31

Reference 26: http://www.xbrl.org/2003/role/exampleRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 31
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479876/805-20-55-31

Reference 27: http://www.xbrl.org/2003/role/exampleRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 29
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479876/805-20-55-29

Reference 28: http://www.xbrl.org/2003/role/exampleRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 29
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479876/805-20-55-29

Reference 29: http://www.xbrl.org/2003/role/exampleRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 20
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479876/805-20-55-20

Reference 30: http://www.xbrl.org/2003/role/exampleRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 20
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479876/805-20-55-20

Reference 31: http://www.xbrl.org/2003/role/exampleRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 14
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479876/805-20-55-14

Reference 32: http://www.xbrl.org/2003/role/exampleRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 14
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479876/805-20-55-14

Reference 33: http://www.xbrl.org/2003/role/exampleRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 14
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479876/805-20-55-14

Reference 34: http://www.xbrl.org/2003/role/exampleRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 14
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479876/805-20-55-14

Reference 35: http://www.xbrl.org/2003/role/exampleRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 14
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479876/805-20-55-14

Reference 36: http://www.xbrl.org/2003/role/exampleRef
-Name Accounting Standards Codification
-Section 55
-Paragraph 40
-SubTopic 30
-Topic 350
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482640/350-30-55-40

Reference 37: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 30
-Name Accounting Standards Codification
-Section 45
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482686/350-30-45-1

Reference 38: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482665/350-30-50-2

Reference 39: http://www.xbrl.org/2003/role/disclosureRef
-Topic 926
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483154/926-20-50-5

+ Details

Fair Value of Financial Instruments

6 Months Ended

Jun. 30, 2026

Fair Value Disclosures [Abstract]

Fair Value of Financial Instruments

Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. For certain of the Company’s financial instruments, including certain cash equivalents, accounts receivable, accounts payable and accrued liabilities, the carrying amounts approximate their fair values due to the relatively short maturity of these balances.

The Company measures and reports certain cash equivalents, marketable securities, derivative foreign currency forward contracts at fair value in accordance with the provisions of the authoritative accounting guidance that addresses fair value measurements. This guidance establishes a hierarchy for inputs used in measuring fair value that maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring that the most observable inputs be used when available. The hierarchy is broken down into three levels based on the reliability of inputs as follows:

Level 1 - Valuations based on quoted prices in active markets for identical assets or liabilities.

Level 2 - Valuations based on other than quoted prices in active markets for identical assets and liabilities, including quoted prices for identical assets or liabilities in less active or inactive markets, quoted prices for similar assets or liabilities in active markets, or inputs other than quoted prices that are observable for substantially the full term of the assets or liabilities.

Level 3 - Valuations based on inputs that are generally unobservable and typically reflect management’s estimates of assumptions that market participants would use in pricing the asset or liability.

The Company's financial instruments consist of assets and liabilities measured using Level 1 and 2 inputs. Level 1 assets include a highly liquid money market fund, which is valued using unadjusted quoted prices that are available in an active market for an identical asset. Level 2 assets include fixed-income U.S. Treasury and government agency securities, commercial paper, corporate bonds, asset-backed securities and derivative financial instruments consisting of foreign currency forward contracts. The securities, bonds and commercial paper are valued using prices from independent pricing services based on quoted prices of identical instruments in less active or inactive markets, quoted prices of similar instruments in active markets, or industry models using data inputs such as interest rates and prices that can be directly observed or corroborated in active markets. The foreign currency forward contracts are valued using observable inputs, such as quotations on forward foreign exchange points and foreign interest rates.

The following table sets forth by level within the fair value hierarchy the fair value of the Company's financial assets and liabilities measured at fair value on a recurring basis:


	June 30, 2026
	Level 1		Level 2		Fair Value

	(in thousands)
Money market funds	$	320	$	—	$	320
Commercial paper	—		1,488		1,488
U.S. Treasury and government agencies	—		336,684		336,684
Corporate bonds	—		146,581		146,581
Asset-backed securities	—		368		368
Foreign currency forward contracts	—		2,965		2,965
Total assets	$	320	$	488,086	$	488,406
Foreign currency forward contracts	$	—	$	2,495	$	2,495
Total liabilities	$	—	$	2,495	$	2,495


	December 31, 2025
	Level 1		Level 2		Fair Value

	(in thousands)
Money market funds	$	205	$	—	$	205

U.S. Treasury and government agencies	—		330,163		330,163

Corporate bonds	—		147,101		147,101
Asset-backed securities	—		1,240		1,240
Foreign currency forward contracts	—		58		58
Total assets	$	205	$	478,562	$	478,767
Foreign currency forward contracts	$	—	$	4,697	$	4,697
Total liabilities	$	—	$	4,697	$	4,697

There were no transfers between Level 1, Level 2 and Level 3 categories during the three and six months ended June 30, 2026 and 2025.

Cash equivalent and investments

The Company's cash equivalents and marketable securities consist of the following:


	June 30, 2026
	Amortized Cost		Unrealized Gains		Unrealized Losses		Fair Value

	(in thousands)
Cash equivalents: (1)
Money market funds	$	320	$	—	$	—	$	320

U.S. Treasury and government agencies	31,948		—		(1)		31,947
Total	32,268		—		(1)		32,267
Short-term marketable securities:
Commercial paper	1,489		—		(1)		1,488
Corporate bonds	48,924		71		(15)		48,980

U.S. Treasury and government agencies	125,566		40		(71)		125,535
Total	175,979		111		(87)		176,003
Long-term marketable securities:
Corporate bonds	97,951		30		(380)		97,601
Asset-backed securities	366		2		—		368
U.S. Treasury and government agencies	180,389		5		(1,192)		179,202
Total	278,706		37		(1,572)		277,171
Total	$	486,953	$	148	$	(1,660)	$	485,441

(1)Excludes cash of $218.0 million.


	December 31, 2025
	Amortized Cost		Unrealized Gains		Unrealized Losses		Fair Value

	(in thousands)
Cash equivalents: (2)
Money market funds	$	205	$	—	$	—	$	205

U.S. Treasury and government agencies	31,952		3		—		31,955
Total	32,157		3		—		32,160
Short-term marketable securities:

Corporate bonds	59,531		273		—		59,804

U.S. Treasury and government agencies	135,649		238		(10)		135,877

Total	195,180		511		(10)		195,681
Long-term marketable securities:
Corporate bonds	86,826		483		(12)		87,297
Asset-backed securities	1,227		13		—		1,240
U.S. Treasury and government agencies	162,035		396		(100)		162,331
Total	250,088		892		(112)		250,868
Total	$	477,425	$	1,406	$	(122)	$	478,709

(2)Excludes cash of $218.1 million.

The following table summarizes the gross unrealized losses and fair value of the Company's marketable securities that were in an unrealized loss position aggregated by length of time:


	June 30, 2026
	Less than 12 months				12 months or longer				Total
	Fair Value		Gross Unrealized Losses		Fair Value		Gross Unrealized Losses		Fair Value		Gross Unrealized Losses
	(in thousands)
Commercial paper	$	1,488	$	(1)	$	—	$	—	$	1,488	$	(1)

Corporate bonds	84,449		(395)		—		—		84,449		(395)
U.S. Treasury and government agencies	251,412		(1,253)		9,491		(11)		260,903		(1,264)
Total	$	337,349	$	(1,649)	$	9,491	$	(11)	$	346,840	$	(1,660)


	December 31, 2025
	Less than 12 months				12 months or longer				Total
	Fair Value		Gross Unrealized Losses		Fair Value		Gross Unrealized Losses		Fair Value		Gross Unrealized Losses
	(in thousands)


Corporate bonds	$	10,735	$	(12)	$	1,791	$	—	$	12,526	$	(12)
U.S. Treasury and government agencies	92,419		(110)		—		—		92,419		(110)
Total	$	103,154	$	(122)	$	1,791	$	—	$	104,945	$	(122)

The Company considered the extent to which any unrealized losses on its marketable securities were driven by credit risk and other factors, including market risk, and if it is more-likely-than-not that the Company would have to sell the security before the recovery of the amortized cost basis. At June 30, 2026 and December 31, 2025, the unrealized losses related to its marketable securities were due to market factors other than credit. The Company does not believe the unrealized losses represent credit risk, and the Company does not intend to sell any of the securities in an unrealized loss position and it is not likely that the Company would be required to sell these securities before recovery of their amortized cost basis, which may be at maturity. Thus, no credit loss was recognized for the Company's marketable securities for the three and six months ended June 30, 2026 and 2025.

The following summarizes the fair value of marketable securities by contractual maturity:


	June 30, 2026
	Amortized Cost		Fair Value

	(in thousands)
Due within One Year	$	208,247	$	208,270
Due after One Year through Five Years	278,340		276,803

Asset-backed securities	366		368
Total	$	486,953	$	485,441

Non-Marketable Securities

During the fiscal year ended December 31, 2018, the Company invested $2.5 million in preferred stock of a privately-held company. The fair value of the investment is not readily available, and there are no quoted market prices for the investment. The Company accounts for the investment at cost less impairment and will measure the investment at fair value when the Company identifies observable price changes. The investment is assessed for impairment whenever events or changes in circumstances indicate that the fair value of the investment is less than carrying value. During the second quarter of 2023, the Company identified an observable price change in the investment and recognized an immaterial

unrealized loss in other income (expense), net of the condensed consolidated statement of operations. During the first quarter of 2026, the Company identified indicators of impairment related to the investment and recognized a full impairment charge of $2.0 million in other income (expense), net of the condensed consolidated statement of operations. The investment is included in other noncurrent assets on the condensed consolidated balance sheets. The Company has not received any dividends from the investment.

Derivative Financial Instruments

Designated cash flow hedges

The Company enters into foreign currency forward contracts to reduce the risk of variability in future cash flow due to foreign currency exchange rate fluctuation from certain forecasted subscription revenue orders billed in British Pound (“GBP”) and Euro (“EUR”) and operating expenses incurred in Indian Rupee (“INR”), which are designated as cash flow hedges. Hedge effectiveness is assessed at inception and at each reporting period utilizing regression analysis. Unrealized foreign exchange gains or losses related to those designated cash flow hedge contracts are recorded in accumulated other comprehensive income (“AOCI”) and will be reclassified into revenues or operating expenses, respectively, in the same periods when the hedged transactions are recognized in earnings.

As of June 30, 2026, the Company had designated cash flow hedge forward contracts with notional amounts of €51.7 million, £25.0 million and Rs.6,243.3 million. As of December 31, 2025, the Company had designated cash flow hedge forward contracts with notional amounts of €54.3 million, £24.1 million and Rs.5,526.0 million.

As of June 30, 2026, the amount of net unrealized loss of $1.0 million before tax on the foreign currency forward contracts for GBP and EUR reported in AOCI is expected to be reclassified into revenue within the next 12 months. As of June 30, 2026, the amount of net unrealized loss of $2.0 million before tax on the foreign currency forward contracts for INR reported in AOCI is expected to be reclassified into operating expenses within the next 12 months.

Non-designated forward contracts

The Company also uses foreign currency forward contracts to hedge certain foreign currency denominated assets or liabilities, which are not designated as cash flow hedges. Unrealized foreign exchange gain or losses related to the non-designated forward contracts are recorded in other income (expenses), net and offset the foreign exchange gain or loss on the underlying net monetary assets or liabilities.

As of June 30, 2026, the Company had non-designated forward contracts with notional amounts of €16.5 million, £6.5 million, and Rs.3,440.0 million, Canadian Dollar (“C$” or “CAD”) C$2.5 million and Australian Dollar (“A$” or “AUD”) A$1.5 million. As of December 31, 2025, the Company had non-designated forward contracts with notional amounts of €24.4 million, £6.8 million, Rs.2,723.0 million, and C$2.5 million.

The following summarizes the fair value of derivative financial instruments as of June 30, 2026 and December 31, 2025:


	June 30, 2026		December 31, 2025

	(in thousands)
Assets
Foreign currency forward contracts designated as cash flow hedge	$	2,210	$	55
Foreign currency forward contracts not designated as hedging instruments	755		3
Total	$	2,965	$	58
Liabilities
Foreign currency forward contracts designated as cash flow hedge	$	2,321	$	4,579
Foreign currency forward contracts not designated as hedging instruments	174		118
Total	$	2,495	$	4,697

The Company presents its derivative assets and derivative liabilities at gross fair values in the condensed consolidated balance sheets. However, under the master netting agreements with the respective counterparties of the foreign exchange contracts, subject to applicable requirements, the Company is allowed to net settle transactions of the same currency with a single net amount payable by one party to the other. The potential offset to both assets and liabilities under the right of set-off associated with the Company's foreign currency exchange contracts was $2.4 million as of June 30, 2026 and immaterial as of December 31, 2025. The derivatives held by the Company are not subject to any credit contingent features negotiated with its counterparties. The Company is not required to pledge nor is entitled to receive cash collateral related to the above contracts. The counterparties to these derivatives are large, global financial institutions that the Company believes are creditworthy, and therefore, it does not consider the risk of counterparty nonperformance to be material.

The following summarizes the gains (losses) recognized from forward contracts and other foreign currency transactions in other income (expense), net in the condensed consolidated statements of operations:


	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025

	(in thousands)				(in thousands)
Net gains (losses) from non-designated forward contracts	$	(211)	$	(2,867)	$	2,153	$	(4,484)
Other foreign currency transactions gains (losses)	(877)		3,867		(3,430)		5,744
Total foreign exchange gains (losses), net	$	(1,088)	$	1,000	$	(1,277)	$	1,260

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (bbb)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 107
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482078/820-10-55-107

Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 100
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482078/820-10-55-100

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2E
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2E

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 940
-SubTopic 820
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478119/940-820-50-1

+ Details

Description of Business and Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2026
Accounting Policies [Abstract]
Description of Business and Summary of Significant Accounting Policies	Description of Business and Summary of Significant Accounting Policies Description of Business Qualys, Inc. (the “Company”, “we”, “us”, “our”) was incorporated in the state of Delaware on December 30, 1999. The Company is headquartered in Foster City, California and has wholly-owned subsidiaries throughout the world. The Company is a leading provider of cloud-based information technology (“IT”), security and compliance solutions that enable organizations to identify security risks to their IT infrastructures, help protect their IT systems and applications from ever-evolving cyber-attacks and achieve compliance with internal policies and external regulations. The Company’s cloud solutions address the growing security and compliance complexities and risks that are amplified by the dissolving boundaries between internal and external IT infrastructures and web environments, the rapid adoption of cloud computing and the proliferation of geographically dispersed IT assets. Organizations can use the Company’s integrated suite of solutions delivered on Qualys' Enterprise TruRisk Platform to cost-effectively obtain a unified view of their security and compliance posture across globally-distributed IT infrastructures. Basis of Presentation The accompanying unaudited condensed consolidated financial statements and condensed footnotes have been prepared in accordance with accounting principles generally accepted in the United States (“U.S. GAAP”) for interim financial information as well as the instructions to Form 10-Q and the rules and regulations of the U.S. Securities and Exchange Commission (“SEC”). Certain information and disclosures normally included in the financial statements prepared in accordance with U.S. GAAP have been condensed or omitted pursuant to such rules and regulations. The condensed consolidated balance sheet as of December 31, 2025, included herein, was derived from the audited financial statements as of that date but does not include all disclosures, including notes required by U.S. GAAP. In the opinion of management, the accompanying unaudited condensed consolidated financial statements reflect all adjustments, which include only normal recurring adjustments, necessary for the fair statement of the financial position, results of operations and cash flows for the interim periods. The results of operations for the three and six months ended June 30, 2026 are not necessarily indicative of the results of operations expected for the entire year ending December 31, 2026 or for any other future annual or interim periods. These condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and related notes included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025 filed with the SEC on February 20, 2026. Use of Estimates The preparation of the unaudited condensed consolidated financial statements in conformity with U.S. GAAP requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of assets and liabilities at the date of the condensed consolidated financial statements and the reported results of operations during the reporting period. The Company’s management regularly assesses these estimates, which primarily affect revenue recognition, allowance for credit loss, the valuation of goodwill and intangible assets, leases, stock-based compensation and income tax provision. Actual results could differ from those estimates and such differences may be material to the accompanying unaudited condensed consolidated financial statements. Recently Adopted Accounting Pronouncements In July 2025, the FASB issued ASU 2025-05, Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses for Accounts Receivable and Contract Assets, which amends ASC 326-20 to provide a practical expedient (for all entities) and an accounting policy election (for all entities, other than public business entities that elect the practical expedient) related to the estimation of expected credit losses for current accounts receivable and current contract assets that arise from transactions accounted for under ASC 606. The standard should be applied prospectively, and is effective for annual periods, including interim reporting periods, beginning after December 15, 2025. The Company adopted this ASU during the first quarter of fiscal year 2026 on a prospective basis. The adoption of this ASU did not have a material impact on its consolidated financial statements. Recently Issued Accounting Pronouncements Not Yet Adopted In November 2024, the FASB issued ASU 2024-03 - Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses, requiring more detailed information about the types of expenses included in certain expense captions presented on the consolidated statements of operations. Additionally, this amendment requires the disclosure of a qualitative description of the amounts remaining in relevant expense captions that are not separately disaggregated quantitatively and the disclosure of the total amount of selling expenses. The requirements of the ASU are effective for annual periods beginning after December 15, 2026, and for interim periods within fiscal years beginning after December 15, 2027 and are to be applied on a retrospective or prospective basis, with early adoption permitted. The Company's annual reporting requirements will be effective for fiscal year 2027. The Company is in the process of analyzing the impact of the ASU on related disclosures. In September 2025, the FASB issued ASU 2025-06 - Intangibles—Goodwill and Other Internal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use Software, which simplifies the capitalization guidance by removing references to software development project stage so that the guidance is neutral to different software development methods. The requirements of the ASU are effective for annual periods beginning after December 15, 2027, and interim reporting periods within those annual reporting periods and are to be applied on a prospective, modified retrospective or retrospective basis, with early adoption permitted. The Company's interim and annual reporting requirements will be effective for the Company beginning in the first quarter of fiscal year 2028. The Company is in the process of analyzing the impact of the ASU on its consolidated financial statements. There have been no material changes to the Company’s significant accounting policies set forth in “Note 1” of Notes to Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025.

Net Income Per Share - Schedule of Anti-dilutive Net Income Per Share (Details) - shares shares in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total anti-dilutive shares (in shares)	1,908	1,048	1,771	1,041
Stock options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total anti-dilutive shares (in shares)	1,133	832	1,077	823
Restricted stock units
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total anti-dilutive shares (in shares)	745	192	678	206
Employee stock purchase plan
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total anti-dilutive shares (in shares)	30	24	16	12

Intangible Assets, Net - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Intangible Asset, Goodwill and Other [Abstract]
Intangible asset amortization expense	$ 0.7	$ 0.7	$ 1.3	$ 1.3

- Definition

Amount of amortization expense for finite-lived intangible asset. Excludes goodwill and capitalized cost for software to be sold, leased, or marketed.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 45
-Paragraph 28
-Subparagraph (b)
-SubTopic 10
-Topic 230
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482740/230-10-45-28

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482558/350-40-50-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482665/350-30-50-2

Reference 4: http://www.xbrl.org/2003/role/exampleRef
-Topic 220
-SubTopic 40
-Name Accounting Standards Codification
-Section 55
-Paragraph 11
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476153/220-40-55-11

Reference 5: http://www.xbrl.org/2003/role/exampleRef
-Topic 220
-SubTopic 40
-Name Accounting Standards Codification
-Section 55
-Paragraph 18
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476153/220-40-55-18

Reference 6: http://www.xbrl.org/2003/role/exampleRef
-Topic 220
-SubTopic 40
-Name Accounting Standards Codification
-Section 55
-Paragraph 24
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476153/220-40-55-24

Reference 7: http://www.xbrl.org/2003/role/exampleRef
-Topic 220
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476148/220-40-50-12

Reference 8: http://www.xbrl.org/2003/role/exampleRef
-Name Accounting Standards Codification
-Section 55
-Paragraph 40
-SubTopic 30
-Topic 350
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482640/350-30-55-40

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 30
-Name Accounting Standards Codification
-Section 45
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482686/350-30-45-2

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476148/220-40-50-6

+ Details

Leases

6 Months Ended

Jun. 30, 2026

Leases [Abstract]

Leases

The Company leases certain offices, computer equipment and its shared cloud platform facilities under non-cancelable operating leases for varying periods through 2034. While under the Company's lease agreements the Company has options to extend its certain leases, the Company has not included renewal options in determining the lease terms for calculating its lease liabilities, as these options are not reasonably certain of being exercised. Lease expense was $3.6 million and $4.5 million for the three months ended June 30, 2026 and 2025, respectively, and $6.8 million and $8.7 million for the six months ended June 30, 2026 and 2025, respectively.

Supplemental cash flow information related to operating leases was as follows:


	Six Months Ended June 30,
	2026		2025

	(in thousands)
Cash payments included in the measurement of lease liabilities	$	6,504	$	6,393
Lease liabilities arising from obtaining right-of-use assets	$	6,558	$	13,334

The weighted average remaining lease term and the weighted average discount rate of the Company's operating leases were as follows:


	June 30, 2026		December 31, 2025
Weighted average remaining lease term (years)	5.3		5.8
Weighted average discount rate	7.7	%	8.0	%

Maturities of the Company's operating lease liabilities as of June 30, 2026 are as follows:


	(in thousands)
2026 (remaining six months)	$	5,333
2027	14,076
2028	13,871
2029	12,196
2030	6,549
2031 and thereafter	13,597
Total minimum lease payments	65,622
Less: interest	(12,223)
Present value of net minimum lease payments	$	53,399

Revenue from Contracts with Customers (Tables)

6 Months Ended

Jun. 30, 2026

Revenue Recognition [Abstract]

Schedule of Expected Revenue from Performance Obligations

The following table sets forth the expected revenue from all remaining performance obligations as of June 30, 2026:


	(in thousands)
2026 (remaining six months)	$	162,204
2027	220,362
2028	96,031
2029	16,445
2030	4,102
2031 and thereafter	765
Total	$	499,909

Schedule of Revenue by Sales Channel

Revenues by sales channel are as follows:


	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2026		2025		2026		2025

	(in thousands)				(in thousands)
Direct	$	84,199	$	83,854	$	168,097	$	165,582
Partner	97,976		80,208		189,716		158,379
Total	$	182,175	$	164,062	$	357,813	$	323,961

Schedule of Deferred Costs to Obtain Contracts

Deferred costs to obtain contracts are as follows:


	June 30, 2026		December 31, 2025

	(in thousands)
Current	$	9,200	$	8,705
Noncurrent	$	18,043	$	17,560

Net Income Per Share (Tables)

6 Months Ended

Jun. 30, 2026

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

The computations for basic and diluted net income per share are as follows:


	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025

	(in thousands, except per share data)				(in thousands, except per share data)
Numerator:
Net income	$	52,405	$	47,290	$	103,048	$	94,824
Denominator:
Basic weighted average shares	34,989		36,253		35,297		36,359
Effect of potentially dilutive shares:
Stock options	20		172		30		191
Restricted stock units	21		94		23		99
Employee stock purchase plan	—		—		3		2
Diluted weighted average shares	35,030		36,519		35,353		36,651
Net income per share:
Basic	$	1.50	$	1.30	$	2.92	$	2.61
Diluted	$	1.50	$	1.29	$	2.91	$	2.59

Schedule of Potentially Dilutive Shares Excluded from Diluted Net Income Per Share Calculation

Potentially dilutive shares not included in the calculation of diluted net income per share because doing so would be anti-dilutive are as follows:


	Three Months Ended June 30,		Six Months Ended June 30,
	2026	2025	2026	2025

	(in thousands)		(in thousands)
Stock options	1,133	832	1,077	823
Restricted stock units	745	192	678	206
Employee stock purchase plan	30	24	16	12
Total anti-dilutive shares	1,908	1,048	1,771	1,041

Revenue from Contracts with Customers - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025	Dec. 31, 2025	Dec. 31, 2024
Revenue Recognition [Abstract]
Revenue from contract with customer, revenue recognized	$ 122,800	$ 111,400	$ 280,600	$ 254,100
Deferred revenue					$ 417,400	$ 395,700
Amortization expense related to deferred costs	2,600	2,100	5,000	$ 4,100
Impairment loss related to deferred contract costs	0	$ 0
Carrying value of accounts receivable						164,600
Deferred revenues, current	388,075		388,075		401,127	371,500
Deferred revenues, noncurrent	$ 14,237		$ 14,237		$ 16,285	$ 24,300

Fair Value of Financial Instruments - Schedule of Fair Value of Marketable Securities (Details) - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Amortized Cost
Due within One Year	$ 208,247
Due after One Year through Five Years	278,340
Asset-backed securities	366
Amortized Cost	486,953	$ 477,425
Fair Value
Due within One Year	208,270
Due after One Year through Five Years	276,803
Asset-backed securities	368
Fair Value	$ 485,441	$ 478,709

Accumulated Other Comprehensive Income (Loss) - Narrative (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other income (expense), net	$ (1,080,000)	$ 999,000	$ (3,151,000)	$ 1,316,000
Reclassification out of Accumulated Other Comprehensive Income \| Available-for-Sale Debt Securities
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other income (expense), net	$ 0	$ 0	$ 0	$ 0

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480870/815-30-50-2

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480870/815-30-50-2

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480870/815-30-50-2

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480870/815-30-50-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482765/220-10-50-4

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482765/220-10-50-5

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 830
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481674/830-30-50-1

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 830
-SubTopic 30
-Name Accounting Standards Codification
-Section 45
-Paragraph 17
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481694/830-30-45-17

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 830
-SubTopic 30
-Name Accounting Standards Codification
-Section 45
-Paragraph 20
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481694/830-30-45-20

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 830
-SubTopic 30
-Name Accounting Standards Codification
-Section 45
-Paragraph 20
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481694/830-30-45-20

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 830
-SubTopic 30
-Name Accounting Standards Codification
-Section 45
-Paragraph 20
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481694/830-30-45-20

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 830
-SubTopic 30
-Name Accounting Standards Codification
-Section 45
-Paragraph 20
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481694/830-30-45-20

+ Details

Fair Value of Financial Instruments - Schedule of Amounts Recognized In Statement of Operations (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Fair Value Disclosures [Abstract]
Net gains (losses) from non-designated forward contracts	$ (211)	$ (2,867)	$ 2,153	$ (4,484)
Other foreign currency transactions gains (losses)	(877)	3,867	(3,430)	5,744
Total foreign exchange gains (losses), net	$ (1,088)	$ 1,000	$ (1,277)	$ 1,260

Fair Value of Financial Instruments - Schedule of Derivative Financial Instruments (Details) - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Fair Value Disclosure, Asset and Liability, Not Measured at Fair Value [Line Items]
Assets	$ 2,965	$ 58
Liabilities	2,495	4,697
Foreign currency forward contracts designated as cash flow hedge
Fair Value Disclosure, Asset and Liability, Not Measured at Fair Value [Line Items]
Assets	2,210	55
Liabilities	2,321	4,579
Foreign currency forward contracts not designated as hedging instruments
Fair Value Disclosure, Asset and Liability, Not Measured at Fair Value [Line Items]
Assets	755	3
Liabilities	$ 174	$ 118

Accumulated Other Comprehensive Income (Loss)

6 Months Ended

Jun. 30, 2026

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Accumulated Other Comprehensive Income (Loss)

The components and changes in accumulated other comprehensive income (loss) for the three and six months ended June 30, 2026 and 2025 were as follows:


	Available-for-Sale Debt Securities		Cash Flow Hedges		Total

	(in thousands)
Balances at December 31, 2025	$	990	$	(5,002)	$	(4,012)
Change in unrealized losses during the period	(1,629)		(721)		(2,350)
Amount reclassified into income during the period	(1)		1,416		1,415
Tax effect	296		(161)		135
Net change during the period	(1,334)		534		(800)
Balances at March 31, 2026	$	(344)	$	(4,468)	$	(4,812)
Change in unrealized gains (losses) during the period	(1,165)		991		(174)
Amount reclassified into income during the period	—		2,507		2,507
Tax effect	—		(805)		(805)
Net change during the period	(1,165)		2,693		1,528
Balances at June 30, 2026	$	(1,509)	$	(1,775)	$	(3,284)






Balances at December 31, 2024	$	391	$	1,026	$	1,417
Change in unrealized gains (losses) during the period	366		(2,230)		(1,864)
Amount reclassified into income during the period	20		170		190
Tax effect	(90)		483		393
Net change during the period	296		(1,577)		(1,281)
Balances at March 31, 2025	$	687	$	(551)	$	136
Change in unrealized losses during the period	(41)		(5,426)		(5,467)
Amount reclassified into income during the period	—		(2)		(2)
Tax effect	12		1,235		1,247
Net change during the period	(29)		(4,193)		(4,222)
Balances at June 30, 2025	$	658	$	(4,744)	$	(4,086)

The effects on income before income taxes of amounts reclassified from AOCI to the condensed consolidated statements of operations were as follows:


	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025

	(in thousands)				(in thousands)
Reclassification of AOCI - Cash flow hedges
Revenues	$	(1,246)	$	180	$	(2,256)	$	359
Cost of revenues	(283)		(42)		(374)		(124)
Research and development	(784)		(111)		(1,037)		(328)
Sales and marketing	(90)		(11)		(118)		(31)
General and administrative	(104)		(14)		(138)		(44)
Total	$	(2,507)	$	2	$	(3,923)	$	(168)

There was no reclassification of AOCI to other income (expense), net related to available-for-sale debt securities during the three and six months ended June 30, 2026, and an immaterial amount during the same periods in 2025.

Fair Value of Financial Instruments - Schedule of Cash and Cash Equivalents (Details) - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Fair Value Disclosure, Asset and Liability, Not Measured at Fair Value [Line Items]
Amortized Cost	$ 486,953	$ 477,425
Unrealized Gains	148	1,406
Unrealized Losses	(1,660)	(122)
Fair Value	485,441	478,709
Cash, excluded	218,000	218,100
Cash equivalents
Fair Value Disclosure, Asset and Liability, Not Measured at Fair Value [Line Items]
Amortized Cost	32,268	32,157
Unrealized Gains	0	3
Unrealized Losses	(1)	0
Fair Value	32,267	32,160
Short-term marketable securities:
Fair Value Disclosure, Asset and Liability, Not Measured at Fair Value [Line Items]
Amortized Cost	175,979	195,180
Unrealized Gains	111	511
Unrealized Losses	(87)	(10)
Fair Value	176,003	195,681
Long-term marketable securities:
Fair Value Disclosure, Asset and Liability, Not Measured at Fair Value [Line Items]
Amortized Cost	278,706	250,088
Unrealized Gains	37	892
Unrealized Losses	(1,572)	(112)
Fair Value	277,171	250,868
Commercial paper \| Short-term marketable securities:
Fair Value Disclosure, Asset and Liability, Not Measured at Fair Value [Line Items]
Amortized Cost	1,489
Unrealized Gains	0
Unrealized Losses	(1)
Fair Value	1,488
Corporate bonds \| Short-term marketable securities:
Fair Value Disclosure, Asset and Liability, Not Measured at Fair Value [Line Items]
Amortized Cost	48,924	59,531
Unrealized Gains	71	273
Unrealized Losses	(15)	0
Fair Value	48,980	59,804
Corporate bonds \| Long-term marketable securities:
Fair Value Disclosure, Asset and Liability, Not Measured at Fair Value [Line Items]
Amortized Cost	97,951	86,826
Unrealized Gains	30	483
Unrealized Losses	(380)	(12)
Fair Value	97,601	87,297
Asset-backed securities \| Long-term marketable securities:
Fair Value Disclosure, Asset and Liability, Not Measured at Fair Value [Line Items]
Amortized Cost	366	1,227
Unrealized Gains	2	13
Unrealized Losses	0	0
Fair Value	368	1,240
U.S. Treasury and government agencies \| Short-term marketable securities:
Fair Value Disclosure, Asset and Liability, Not Measured at Fair Value [Line Items]
Amortized Cost	125,566	135,649
Unrealized Gains	40	238
Unrealized Losses	(71)	(10)
Fair Value	125,535	135,877
U.S. Treasury and government agencies \| Long-term marketable securities:
Fair Value Disclosure, Asset and Liability, Not Measured at Fair Value [Line Items]
Amortized Cost	180,389	162,035
Unrealized Gains	5	396
Unrealized Losses	(1,192)	(100)
Fair Value	179,202	162,331
Money market funds \| Cash equivalents
Fair Value Disclosure, Asset and Liability, Not Measured at Fair Value [Line Items]
Amortized Cost	320	205
Unrealized Gains	0	0
Unrealized Losses	0	0
Fair Value	320	205
U.S. Treasury and government agencies \| Cash equivalents
Fair Value Disclosure, Asset and Liability, Not Measured at Fair Value [Line Items]
Amortized Cost	31,948	31,952
Unrealized Gains	0	3
Unrealized Losses	(1)	0
Fair Value	$ 31,947	$ 31,955

Property and Equipment, Net - Schedule of Property and Equipment, Net (Details) - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Property, Plant, and Equipment [Line Items]
Total property and equipment	$ 268,471	$ 263,657
Less: accumulated depreciation and amortization	(245,880)	(240,491)
Property and equipment, net	22,591	23,166
Computer equipment
Property, Plant, and Equipment [Line Items]
Computer equipment	193,006	189,173
Computer software
Property, Plant, and Equipment [Line Items]
Total property and equipment	26,237	26,237
Leasehold improvements
Property, Plant, and Equipment [Line Items]
Total property and equipment	24,232	23,751
Scanner appliances
Property, Plant, and Equipment [Line Items]
Total property and equipment	19,633	19,234
Furniture, fixtures and equipment
Property, Plant, and Equipment [Line Items]
Total property and equipment	$ 5,363	$ 5,262

Revenue from Contracts with Customers - Schedule of Capitalized Cost to Obtain Contracts, Current and Noncurrent (Details) - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Revenue Recognition [Abstract]
Current	$ 9,200	$ 8,705
Noncurrent	$ 18,043	$ 17,560

Segment and Geographic Area Information (Tables)

6 Months Ended

Jun. 30, 2026

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

The following table sets forth the Company's reported segment revenue, segment profit or loss, and significant segment expenses:


	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
	(in thousands)
Revenues	$	182,175	$	164,062	$	357,813	$	323,961
Less: Significant segment expenses
Cost of revenues (exclusive of stock-based compensation and amortization of intangible assets)	27,664		26,258		54,953		52,454
Research and development (exclusive of stock-based compensation and amortization of intangible assets)	26,174		25,286		50,586		49,336
Sales and marketing (exclusive of stock-based compensation)	37,312		32,727		71,883		62,187
General and administrative (exclusive of stock-based compensation)	9,671		9,699		18,172		18,677
Add: Other segment items (1)	(1,080)		999		(3,151)		1,316
Less: Stock-based compensation	18,813		18,046		38,153		36,866
Less: Amortization of intangible assets	639		639		1,279		1,279
Add: Interest income	6,241		6,407		12,417		12,642
Less: Income tax provision	14,658		11,523		29,005		22,296
Condensed consolidated net income	$	52,405	$	47,290	$	103,048	$	94,824

(1)Other segment items included in segment net income includes interest expense, realized and unrealized gain/loss on foreign exchange transactions, and impairment of non-marketable securities.

Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas

Revenue by geographic area, based on the customer's billing address, is as follows:


	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025

	(in thousands)				(in thousands)
United States	$	100,273	$	92,793	$	197,033	$	184,020
Foreign	81,902		71,269		160,780		139,941
Total revenues	$	182,175	$	164,062	$	357,813	$	323,961

The measure of segment assets is reported on the balance sheet as total consolidated assets. Long-lived assets, which consist of Property and equipment, net and Operating leases - right of use asset, by geographic area, are as follows:


	June 30, 2026		December 31, 2025

	(in thousands)
United States	$	50,829	$	50,183
India	18,189		16,937
Rest of world	1,757		2,047
Total long-lived assets	$	70,775	$	69,167

- Definition

Tabular disclosure of segment reporting. Includes, but is not limited to, reconciliation of reportable segment amount to corresponding consolidated total.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 31
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-31

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 34
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-34

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 26C
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-26C

Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 26B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-26B

Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 26A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-26A

Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-15

+ Details

Net Income Per Share - Schedule of Basic and Diluted Net Income Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2026	Mar. 31, 2026	Jun. 30, 2025	Mar. 31, 2025	Jun. 30, 2026	Jun. 30, 2025
Numerator:
Net income	$ 52,405	$ 50,643	$ 47,290	$ 47,534	$ 103,048	$ 94,824
Denominator:
Basic weighted average shares (in shares)	34,989		36,253		35,297	36,359
Effect of potentially dilutive shares:
Stock options (in shares)	20		172		30	191
Retired stock units (in shares)	21		94		23	99
Employee stock purchase plan (in shares)	0		0		3	2
Diluted weighted average shares (in shares)	35,030		36,519		35,353	36,651
Net income per share:
Basic (in USD per share)	$ 1.50		$ 1.30		$ 2.92	$ 2.61
Diluted (in USD per share)	$ 1.50		$ 1.29		$ 2.91	$ 2.59

Property and Equipment, Net (Tables)

6 Months Ended

Jun. 30, 2026

Property, Plant, and Equipment [Abstract]

Schedule of Property, Plant and Equipment, Net

Property and equipment, net, consists of the following:


	June 30, 2026		December 31, 2025

	(in thousands)
Computer equipment	$	193,006	$	189,173
Computer software	26,237		26,237
Leasehold improvements	24,232		23,751
Scanner appliances	19,633		19,234
Furniture, fixtures and equipment	5,363		5,262
Total property and equipment	268,471		263,657
Less: accumulated depreciation and amortization	(245,880)		(240,491)
Property and equipment, net	$	22,591	$	23,166

Accumulated Other Comprehensive Income (Loss) - Schedule of Amounts Reclassified from AOCI (Details) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2026	Mar. 31, 2026	Jun. 30, 2025	Mar. 31, 2025	Jun. 30, 2026	Jun. 30, 2025
Reclassification of AOCI - Cash flow hedges
Revenues	$ 182,175		$ 164,062		$ 357,813	$ 323,961
Cost of revenues	(30,244)		(28,877)		(60,234)	(57,803)
Research and development	(30,685)		(30,249)		(59,705)	(59,403)
Sales and marketing	(41,024)		(35,810)		(79,784)	(68,470)
General and administrative	(18,320)		(17,719)		(35,303)	(35,123)
Total	52,405	$ 50,643	47,290	$ 47,534	103,048	94,824
Reclassification out of Accumulated Other Comprehensive Income \| Cash Flow Hedges
Reclassification of AOCI - Cash flow hedges
Revenues	(1,246)		180		(2,256)	359
Cost of revenues	(283)		(42)		(374)	(124)
Research and development	(784)		(111)		(1,037)	(328)
Sales and marketing	(90)		(11)		(118)	(31)
General and administrative	(104)		(14)		(138)	(44)
Total	$ (2,507)		$ 2		$ (3,923)	$ (168)

- Definition

The aggregate cost of goods produced and sold and services rendered during the reporting period.

+ References

+ Details

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480070/505-10-S50-6

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 4
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482705/350-40-65-4

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (e)(4)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479719/606-10-65-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 205
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483499/205-20-50-7

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 205
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483499/205-20-50-5A

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 323
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481687/323-10-50-3

Reference 8: http://www.xbrl.org/2003/role/exampleRef
-Topic 946
-SubTopic 830
-Name Accounting Standards Codification
-Section 55
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479168/946-830-55-10

Reference 9: http://www.xbrl.org/2003/role/exampleRef
-Topic 220
-SubTopic 40
-Name Accounting Standards Codification
-Section 55
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476153/220-40-55-4

Reference 10: http://www.xbrl.org/2003/role/exampleRef
-Topic 220
-SubTopic 40
-Name Accounting Standards Codification
-Section 55
-Paragraph 21
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476153/220-40-55-21

Reference 11: http://www.xbrl.org/2003/role/exampleRef
-Topic 220
-SubTopic 40
-Name Accounting Standards Codification
-Section 55
-Paragraph 14
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476153/220-40-55-14

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480738/235-10-S50-1

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(i))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(k)(2))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 28
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-28

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-4

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 480
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479857/480-10-S50-3

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 480
-SubTopic 10
-Name Accounting Standards Codification
-Section S45
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479887/480-10-S45-3

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 480
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 3A
-Subparagraph (24)(d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480244/480-10-S99-3A

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 105
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 9
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479343/105-10-65-9

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 17
-Subparagraph (d)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480336/718-10-65-17

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-6

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 60
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476176/805-60-65-1

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 323
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (g)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478666/740-323-65-2

Reference 25: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iii)(B))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 26: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iii)(A))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 27: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(20))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2

Reference 28: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(ii))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 29: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482765/220-10-50-6

Reference 30: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-3

Reference 31: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480175/815-40-65-1

Reference 32: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(ii))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 33: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iii)(A))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 34: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iv))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 35: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(5))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 36: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 8
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-8

Reference 37: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-9

Reference 38: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-11

Reference 39: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-11

Reference 40: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iv))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 41: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(5))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 42: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section 45
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479105/946-220-45-7

Reference 43: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(18))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477250/944-220-S99-1

Reference 44: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(9))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1

Reference 45: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.6-09(1)(d))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-3

Reference 46: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(i))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 47: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(i))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 48: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 60B
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482689/260-10-45-60B

Reference 49: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 230
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 28
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482740/230-10-45-28

Reference 50: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 1A
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482790/220-10-45-1A

Reference 51: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 1B
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482790/220-10-45-1B

Reference 52: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 65
-Paragraph 4
-Subparagraph (f)(4)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481538/470-20-65-4

Reference 53: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 942
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(22))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478524/942-220-S99-1

+ Details

- Definition

Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise.

+ References

+ Details

Leases - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
Leases - Narrative (Details) - USD ($) $ in Millions	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Leases [Abstract]
Lease expense	$ 3.6	$ 4.5	$ 6.8	$ 8.7

Income Taxes	6 Months Ended
Income Taxes	Jun. 30, 2026
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The Company's income tax provision for interim periods is determined using an estimate of its annual effective tax rate, adjusted for discrete items, if any, that arise during the period. Each quarter, the Company updates its estimate of the annual effective tax rate, and if the estimated annual effective tax rate changes, the Company makes a cumulative adjustment in such period. The Company's quarterly tax provision, and estimate of its annual effective tax rate, is subject to variation due to several factors, including variability in pretax income (or loss), the mix of jurisdictions to which such income relates, changes in how the Company does business, tax law developments and possible outcomes of audits. The Company's estimated effective tax rate for the year differs from the U.S. statutory rate of 21% primarily due to non-deductible stock-based compensation expense, state taxes, the benefit of U.S. federal income tax credits, enacted tax legislation, and the benefits related to the Foreign-Derived Deduction-Eligible Income (“FDDEI”) Deduction. On July 4, 2025, the One Big Beautiful Bill Act (“OBBBA”) was signed into law. Beginning in 2026, the OBBBA changes to the FDDEI deduction and Net CFC Tested Income (“NCTI”) became effective. The Company has recognized the effects of these OBBBA provisions in its financial results for the six months ended June 30, 2026. The Company recorded an income tax provision of $14.7 million and $11.5 million for the three months ended June 30, 2026 and 2025, respectively, resulting in an effective tax rate of 21.9% and 19.6%, respectively. The increase in income tax provision for the three months ended June 30, 2026 compared to the three months ended June 30, 2025, was primarily attributable to higher pretax income, a decrease in the federal R&D credit, and a higher tax expense from discrete adjustments in the period, primarily related to share-based compensation. These increases were partially offset by a higher tax benefit from FDDEI provisions that became effective in 2026 under OBBBA. The Company recorded an income tax provision of $29.0 million and $22.3 million for the six months ended June 30, 2026 and 2025, respectively, resulting in an effective tax rate of 22.0% and 19.0%, respectively. The increase in income tax provision for the six months ended June 30, 2026 compared to the six months ended June 30, 2025, was primarily attributable to higher pretax income, a decrease in the federal R&D credit, and a higher tax expense from discrete adjustments in the period, primarily related to share-based compensation. These increases were partially offset by a higher tax benefit from FDDEI provision that became effective in 2026 under OBBBA.

- Definition

The entire disclosure for income tax.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 740
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477617/942-740-50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480738/235-10-S50-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 740
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478822/944-740-50-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12

Reference 5: http://www.xbrl.org/2003/role/exampleRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 231
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482663/740-10-55-231

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12C
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12C

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12B

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 270
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477891/740-270-50-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 6.I.5.Q1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479360/740-10-S99-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480990/946-20-50-13

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h)(2))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/740/tableOfContent

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-14

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-21

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 17
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-17

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 11.C)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479360/740-10-S99-2

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482603/740-30-50-2

+ Details

Revenue from Contracts with Customers - Schedule of Expected Revenue from All Remaining Performance Obligations (Details) $ in Thousands	Jun. 30, 2026 USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 499,909
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-07-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 162,204
Remaining performance obligation, period	6 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2027-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 220,362
Remaining performance obligation, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2028-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 96,031
Remaining performance obligation, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2029-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 16,445
Remaining performance obligation, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2030-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 4,102
Remaining performance obligation, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2031-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 765
Remaining performance obligation, period

Segment and Geographic Area Information - Narrative (Details)	6 Months Ended
	Jun. 30, 2026 segment
Segment Reporting [Abstract]
Number of operating segments	1
Number of reportable segments	1

Stockholders' Equity and Stock-based Compensation - Narrative (Details) shares in Thousands, $ in Thousands					3 Months Ended				6 Months Ended
	Jun. 10, 2026 shares	Jun. 12, 2024 shares	Jun. 08, 2022 shares	Jun. 09, 2021 shares	Jun. 30, 2026 USD ($) shares	Mar. 31, 2026 USD ($)	Jun. 30, 2025 USD ($)	Mar. 31, 2025 USD ($)	Jun. 30, 2026 USD ($) installment shares	Jun. 30, 2025 USD ($) shares	Dec. 31, 2025 USD ($)
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Vesting period (in years)									4 years
Stock-based compensation					$ 18,813		$ 18,046		$ 38,153	$ 36,866
Repurchase of common stock					77,515	$ 54,281	49,544	$ 39,739
Stock repurchases, net of issuances									1,000	$ 500
Excise tax payable					1,100				$ 1,100		$ 1,000
Share Repurchase Program
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Repurchase of common stock (in shares) \| shares									1,302	668
Repurchase of common stock									$ 130,700	$ 88,800
Authorized repurchase amount remaining					229,800				229,800
Performance-based Restricted Stock Units
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock-based compensation					3,600		$ 2,900		7,000	$ 6,200
Stock-based compensation expenses, unrecognized					9,500				$ 9,500
Stock-based compensation, recognition period (in years)									9 months 18 days
Stock options
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock-based compensation expenses, unrecognized					13,400				$ 13,400
Stock-based compensation, recognition period (in years)									2 years 6 months
Restricted stock units
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock-based compensation expenses, unrecognized					76,900				$ 76,900
Stock-based compensation, recognition period (in years)									2 years 7 months 6 days
ESPP Shares
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock-based compensation expenses, unrecognized					$ 300				$ 300
Stock-based compensation, recognition period (in years)									1 month 6 days
Executive Officer \| Performance-based Restricted Stock Units
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Vesting period (in years)									3 years
Number of installments \| installment									3
Shares that will vest upon trigger (as a percent)									100.00%
Minimum \| Executive Officer \| Performance-based Restricted Stock Units
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Vesting range (as a percent)									0.00%
Maximum \| Executive Officer \| Performance-based Restricted Stock Units
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Vesting range (as a percent)									200.00%
The 2012 Equity Incentive Plan
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share-based compensation, additional shares available (in shares) \| shares	1,089	1,092	3,072
Shares available for grant (in shares) \| shares					2,533				2,533
Vesting period (in years)									4 years
Expiration period (in years)									10 years
The 2021 Employee Stock Purchase Plan
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Shares available for grant (in shares) \| shares					328				328
Shares authorized for issuance (in shares) \| shares				600
Offering period (in months)				6 months
Purchase price of stock (as a percent)				85.00%
Issuance of common stock through employee stock purchase plan (in shares) \| shares									43
The 2021 Employee Stock Purchase Plan \| Minimum
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
ESPP eligible percent to contribute (as a percent)				1.00%
The 2021 Employee Stock Purchase Plan \| Maximum
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
ESPP eligible percent to contribute (as a percent)				15.00%

Stockholders' Equity and Stock-based Compensation - Schedule of Repurchase Agreements (Details) - USD ($) $ in Millions	Jun. 30, 2026	Feb. 05, 2026	Feb. 06, 2025	Feb. 07, 2024	Feb. 09, 2023	May 04, 2022	Nov. 03, 2021	Feb. 10, 2021	May 07, 2020	Oct. 30, 2019	Oct. 30, 2018	Feb. 12, 2018
Equity [Abstract]
Stock repurchase program, authorized amount	$ 1,600.0	$ 200.0	$ 200.0	$ 200.0	$ 100.0	$ 200.0	$ 200.0	$ 100.0	$ 100.0	$ 100.0	$ 100.0	$ 100.0

Leases- Schedule of Weighted Average Remaining Lease Term and Weighted Average Discount Rate (Details)	Jun. 30, 2026	Dec. 31, 2025
Leases [Abstract]
Weighted average remaining lease term (years)	5 years 3 months 18 days	5 years 9 months 18 days
Weighted average discount rate	7.70%	8.00%

Stockholders' Equity and Stock-based Compensation

6 Months Ended

Jun. 30, 2026

Equity [Abstract]

Stockholders' Equity and Stock-based Compensation

Equity Incentive Plans

Restated 2012 Equity Incentive Plan

On June 8, 2022 (“Effective Date”), the Company's stockholders approved the Amended and Restated 2012 Equity Incentive Plan (the “Restated 2012 Plan”). Under the Restated 2012 Plan, the Company is authorized to grant to eligible participants incentive stock options, nonstatutory stock options, restricted stock, restricted stock units (“RSUs”), stock appreciation rights, performance units and performance shares. Pursuant to the relevant plan provisions, 3,072 thousand shares were available for grant under the Restated 2012 Plan on the Effective Date. In addition, any outstanding awards or options granted under the previous version of the 2012 Equity Incentive Plan (“Previous 2012 Plan”) will be added back to the shares available for grant under the Restated 2012 Plan if they expire unexercised or are otherwise forfeited after the Effective Date. Any remaining shares available for grant under the Previous 2012 Plan as of the Effective Date were no longer available for future grants under the Restated 2012 Plan.

On June 12, 2024 and June 10, 2026, the Company's stockholders approved an amendment and restatement to the Restated 2012 Plan to increase the number of shares of the Company's common stock reserved for issuance by 1,092 thousand and 1,089 thousand shares, respectively.

As of June 30, 2026, 2,533 thousand shares are available for future grants under the Restated 2012 Plan.

2021 Employee Stock Purchase Plan

On June 9, 2021, the Company’s stockholders approved the 2021 Employee Stock Purchase Plan (the “ESPP”). A total of 600 thousand shares were authorized for issuance to eligible participating employees upon adoption of the ESPP. The ESPP provides for consecutive 6-month offering periods beginning on or about August 16 and February 16 of each year. Eligible employees who elect to participate can contribute from 1% to 15% of their eligible compensation through payroll withholding. During any offering period, contribution rates cannot be changed. However, eligible employees may withdraw from the current offering period. Any contributions made prior to each purchase date in the case of withdrawal or termination of employment will be refunded. On each purchase date, eligible participating employees will purchase the shares at a price per share equal to 85% of the lesser of (i) the fair market value of the Company's stock on the first trading day of the offering period or (ii) the fair market value of the Company's stock on the purchase date (i.e., the last trading day of the offering period).

During the six months ended June 30, 2026, 43 thousand shares were issued in connection with the purchase of common stock by participating employees. As of June 30, 2026, 328 thousand shares were available for future purchase.

Stock Options

Stock options granted under the Restated 2012 Plan and Previous 2012 Plan (collectively, the “Plans”) generally vest based on continued service over four years and expire ten years from the date of grant.

A summary of the Company’s stock option activity during the six months ended June 30, 2026 is as follows:


	Outstanding Options	Weighted Average Exercise Price		Weighted Average Remaining Contractual Life	Aggregate Intrinsic Value
	(in thousands)			(Years)	(in thousands)
Balance as of December 31, 2025	1,186	$	127.50	7.0	$	13,453
Granted	118	$	108.36
Exercised	(18)	$	49.41
Canceled	(54)	$	136.90
Balance as of June 30, 2026	1,232	$	126.45	6.7	$	18,185
Vested and expected to vest as of June 30, 2026	1,127	$	126.62	6.5	$	16,557
Exercisable as of June 30, 2026	808	$	125.45	5.7	$	12,712

Restricted Stock Units

RSUs granted under the Plans generally only contain a service-based vesting condition that is typically satisfied over four years.

The Company, at times, grants performance-based restricted stock units (“PRSU”) under the Plans, to its executive officers and certain other members of its senior leadership team. These PRSUs include both service-based and performance-based vesting conditions. During the fourth quarter each year, the Company’s board of directors (the “Board”) or the Compensation and Talent Committee (“CTC”) approves the target value for the PRSUs. The target PRSUs are scheduled to vest in three equal annual installments over a three-year period, beginning the year after approval. The performance-based vesting condition is satisfied upon the achievement of certain Company annual performance metrics, including revenue growth and adjusted EBITDA margin, which are approved annually by the Board or the CTC. Each annual installments at 200% of the annual target will be considered granted when the performance metrics for the corresponding performance year is determined and approved. The actual number of the PRSUs earned and eligible to vest ranges from 0% to 200% of the annual target, based on the weighted-average achievement of such Company annual performance metrics set for the corresponding annual performance period. Up to 100% of the first and second installment will vest and be released upon completion of the respective performance period following the certification by the Audit and Risk Committee (“ARC”), with cumulative achievement over 100%, if any, to be vested and released at the end of the third year performance period, along with the third installment, following the certification by the ARC. Under the Plan, any

unvested PRSU award may be accelerated in part or in full upon the occurrence of certain events, such as death or disability, or a change in control, as defined in the grant agreement.

A summary of the Company’s RSU activity, inclusive of PRSU activity, during the six months ended June 30, 2026 is as follows:


	Outstanding RSUs		Weighted Average Grant Date Fair Value Per Share
	(in thousands)
Balance as of December 31, 2025	1,148	(1)	$	133.74
Granted	328	(2)	$	118.02
Vested	(281)	(3)	$	136.64
Forfeited	(155)	(4)	$	135.79
Balance as of June 30, 2026	1,040	(5)	$	128.35
Outstanding and expected to vest as of June 30, 2026	808		$	128.29

(1)Included 165 thousand PRSUs granted to certain executive officers in 2025, 2024 and 2022.

(2)Included 201 thousand PRSUs granted to certain executive officers in the six months ended June 30, 2026.

(3)Included 91 thousand PRSUs granted to certain executive officers in 2025 and 2022.

(4)Included 59 thousand PRSUs granted to certain executive officers in 2025.

(5)Included 216 thousand PRSUs granted to certain executive officers in 2026, 2025 and 2024.

Stock-based Compensation

The following table shows a summary of the stock-based compensation expenses included in the condensed consolidated statements of operations:


	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025

	(in thousands)				(in thousands)
Cost of revenues	$	1,941	$	1,980	$	4,002	$	4,070
Research and development	4,511		4,963		9,119		10,067
Sales and marketing	3,712		3,083		7,901		6,283
General and administrative	8,649		8,020		17,131		16,446
Total stock-based compensation, net of amounts capitalized (1)	$	18,813	$	18,046	$	38,153	$	36,866

(1)Total stock-based compensation expense capitalized was de minimis during the three and six months ended June 30, 2026 and 2025.

Of the total stock-based compensation expense in the table above, the Company recognized stock-based compensation expenses related to all PRSUs of $3.6 million and $2.9 million during the three months ended June 30, 2026 and 2025, respectively, and $7.0 million and $6.2 million for the six months ended June 30, 2026 and 2025, respectively.

As of June 30, 2026, the Company had unrecognized stock-based compensation expenses of $13.4 million, $76.9 million, $9.5 million, and $0.3 million related to options, RSUs, PRSUs, and ESPP purchase rights, respectively, which are expected to be recognized over weighted-average periods of 2.5 years, 2.6 years, 0.8 years, and 0.1 years, respectively.

Share Repurchase Program

The Company's share repurchase program was authorized by the board of directors as follows:


Announcement Date	Authorized Dollar Value
	(in millions)
February 12, 2018	$	100.0
October 30, 2018	100.0
October 30, 2019	100.0
May 7, 2020	100.0
February 10, 2021	100.0
November 3, 2021	200.0
May 4, 2022	200.0
February 9, 2023	100.0
February 7, 2024	200.0
February 6, 2025	200.0
February 5, 2026	200.0
Total as of June 30, 2026	$	1,600.0

Shares may be repurchased from time to time on the open market in accordance with Rule 10b-18 of the Exchange Act of 1934, including pursuant to a pre-set trading plan adopted in accordance with Rule 10b5-1 under the Exchange Act. All share repurchases have been made using cash resources. Repurchased shares are retired and reclassified as authorized and unissued shares of common stock. On retirement of the repurchased shares, common stock is reduced by an amount equal to the number of shares being retired multiplied by the par value. The excess amount that is retired over its par value is first allocated as a reduction to additional paid-in capital based on the original cost of additional paid-in capital per share of identified issuances. The remaining amount is allocated to accumulated deficit.

During the six months ended June 30, 2026 and 2025, the Company repurchased 1,302 thousand shares and 668 thousand shares of its common stock for approximately $130.7 million and $88.8 million, respectively. As of June 30, 2026, $229.8 million remained available for share repurchases pursuant to the Company's share repurchase program.

During the six months ended June 30, 2026 and 2025, the Company made excise tax payments on stock repurchases, net of issuances of $1.0 million and $0.5 million, respectively. As of June 30, 2026 and December 31, 2025, excise tax payable on stock repurchases, net of issuances was $1.1 million and $1.0 million, respectively.

Cover - shares	6 Months Ended
Cover - shares	Jun. 30, 2026	Jul. 22, 2026
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2026
Document Transition Report	false
Entity File Number	001-35662
Entity Registrant Name	QUALYS, INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	77-0534145
Entity Address, Address Line One	919 E. Hillsdale Boulevard, 4th Floor
Entity Address, City or Town	Foster City
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	94404
City Area Code	650
Local Phone Number	801-6100
Title of 12(b) Security	Common stock, $0.001 par value per share
Trading Symbol	QLYS
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		34,595,001
Entity Central Index Key	0001107843
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2026
Document Fiscal Period Focus	Q2
Amendment Flag	false

Intangible Assets, Net - Schedule of Expected Amortization Expense in Future Periods (Details) - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Intangible Asset, Goodwill and Other [Abstract]
2026 (remaining six months)	$ 1,198
2027	1,738
Total expected future amortization expense	$ 2,936	$ 4,215

Net Income Per Share

6 Months Ended

Jun. 30, 2026

Earnings Per Share [Abstract]

Net Income Per Share

The computations for basic and diluted net income per share are as follows:


	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025

	(in thousands, except per share data)				(in thousands, except per share data)
Numerator:
Net income	$	52,405	$	47,290	$	103,048	$	94,824
Denominator:
Basic weighted average shares	34,989		36,253		35,297		36,359
Effect of potentially dilutive shares:
Stock options	20		172		30		191
Restricted stock units	21		94		23		99
Employee stock purchase plan	—		—		3		2
Diluted weighted average shares	35,030		36,519		35,353		36,651
Net income per share:
Basic	$	1.50	$	1.30	$	2.92	$	2.61
Diluted	$	1.50	$	1.29	$	2.91	$	2.59

Potentially dilutive shares not included in the calculation of diluted net income per share because doing so would be anti-dilutive are as follows:


	Three Months Ended June 30,		Six Months Ended June 30,
	2026	2025	2026	2025

	(in thousands)		(in thousands)
Stock options	1,133	832	1,077	823
Restricted stock units	745	192	678	206
Employee stock purchase plan	30	24	16	12
Total anti-dilutive shares	1,908	1,048	1,771	1,041

Leases - Schedule of Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Leases [Abstract]
Cash payments included in the measurement of lease liabilities	$ 6,504	$ 6,393
Lease liabilities arising from obtaining right-of-use assets	$ 6,558	$ 13,334

Accumulated Other Comprehensive Income (Loss) (Tables)

6 Months Ended

Jun. 30, 2026

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Schedule of Accumulated Other Comprehensive Income (Loss)

The components and changes in accumulated other comprehensive income (loss) for the three and six months ended June 30, 2026 and 2025 were as follows:


	Available-for-Sale Debt Securities		Cash Flow Hedges		Total

	(in thousands)
Balances at December 31, 2025	$	990	$	(5,002)	$	(4,012)
Change in unrealized losses during the period	(1,629)		(721)		(2,350)
Amount reclassified into income during the period	(1)		1,416		1,415
Tax effect	296		(161)		135
Net change during the period	(1,334)		534		(800)
Balances at March 31, 2026	$	(344)	$	(4,468)	$	(4,812)
Change in unrealized gains (losses) during the period	(1,165)		991		(174)
Amount reclassified into income during the period	—		2,507		2,507
Tax effect	—		(805)		(805)
Net change during the period	(1,165)		2,693		1,528
Balances at June 30, 2026	$	(1,509)	$	(1,775)	$	(3,284)






Balances at December 31, 2024	$	391	$	1,026	$	1,417
Change in unrealized gains (losses) during the period	366		(2,230)		(1,864)
Amount reclassified into income during the period	20		170		190
Tax effect	(90)		483		393
Net change during the period	296		(1,577)		(1,281)
Balances at March 31, 2025	$	687	$	(551)	$	136
Change in unrealized losses during the period	(41)		(5,426)		(5,467)
Amount reclassified into income during the period	—		(2)		(2)
Tax effect	12		1,235		1,247
Net change during the period	(29)		(4,193)		(4,222)
Balances at June 30, 2025	$	658	$	(4,744)	$	(4,086)

Schedule of Amounts Reclassified from AOCI to the Statements of Operations

The effects on income before income taxes of amounts reclassified from AOCI to the condensed consolidated statements of operations were as follows:


	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025

	(in thousands)				(in thousands)
Reclassification of AOCI - Cash flow hedges
Revenues	$	(1,246)	$	180	$	(2,256)	$	359
Cost of revenues	(283)		(42)		(374)		(124)
Research and development	(784)		(111)		(1,037)		(328)
Sales and marketing	(90)		(11)		(118)		(31)
General and administrative	(104)		(14)		(138)		(44)
Total	$	(2,507)	$	2	$	(3,923)	$	(168)

Property and Equipment, Net - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025	Dec. 31, 2025
Property, Plant, and Equipment [Line Items]
Property and equipment, net	$ 22,591		$ 22,591		$ 23,166
Depreciation and amortization	2,400	$ 3,400	4,800	$ 6,900
Scanner Appliances and Other Computer Equipment
Property, Plant, and Equipment [Line Items]
Property and equipment, net	6,900		6,900		8,600
Scanner Appliances and Other Computer Equipment Not Placed in Service
Property, Plant, and Equipment [Line Items]
Property and equipment, net	$ 3,800		$ 3,800		$ 4,200

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 905
-SubTopic 360
-Name Accounting Standards Codification
-Section 25
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478704/905-360-25-4

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 360
-SubTopic 10
-Name Accounting Standards Codification
-Section 05
-Paragraph 3
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482338/360-10-05-3

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 360
-SubTopic 10
-Name Accounting Standards Codification
-Section 30
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482222/360-10-30-2

Reference 4: http://www.xbrl.org/2003/role/exampleRef
-Topic 360
-SubTopic 10
-Name Accounting Standards Codification
-Section 05
-Paragraph 3
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482338/360-10-05-3

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 360
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482099/360-10-50-1

Reference 6: http://www.xbrl.org/2003/role/exampleRef
-Topic 360
-SubTopic 10
-Name Accounting Standards Codification
-Section 05
-Paragraph 3
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482338/360-10-05-3

Reference 7: http://www.xbrl.org/2003/role/exampleRef
-Topic 360
-SubTopic 10
-Name Accounting Standards Codification
-Section 05
-Paragraph 3
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482338/360-10-05-3

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 360
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482099/360-10-50-1

Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482558/350-40-50-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 7A
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478964/842-20-50-7A

+ Details

- Definition

Amount, after accumulated depreciation, depletion, and amortization, of property, plant, and equipment. Includes, but is not limited to, land and land improvement; building; machinery and equipment; furniture and fixture; and work of art, historical treasure, or similar asset classified as collection.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 360
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482099/360-10-50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 360
-Name Accounting Standards Codification
-Section 45
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478443/942-360-45-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 360
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478451/942-360-50-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 210
-Name Accounting Standards Codification
-Section S45
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477657/942-210-S45-1

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 210
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478478/942-210-S50-1

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03(8))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 7A
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478964/842-20-50-7A

Reference 8: http://www.xbrl.org/2003/role/exampleRef
-Topic 852
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481372/852-10-55-10

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03(a)(8))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478777/944-210-S99-1

+ Details

Revenue from Contracts with Customers - Schedule of Revenue by Sales Channel (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenues	$ 182,175	$ 164,062	$ 357,813	$ 323,961
Direct
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenues	84,199	83,854	168,097	165,582
Partner
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenues	$ 97,976	$ 80,208	$ 189,716	$ 158,379

- Definition

+ References

+ Details

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Jun. 30, 2026
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Fair Value of Financial Instruments - Schedule of Assets and Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Fair Value Disclosure, Asset and Liability, Not Measured at Fair Value [Line Items]
Money market funds	$ 320	$ 205
Commercial paper	1,488
U.S. Treasury and government agencies	336,684	330,163
Corporate bonds	146,581	147,101
Asset-backed securities	368	1,240
Foreign currency forward contracts	2,965	58
Total assets	488,406	478,767
Foreign currency forward contracts	2,495	4,697
Total liabilities	2,495	4,697
Level 1
Fair Value Disclosure, Asset and Liability, Not Measured at Fair Value [Line Items]
Money market funds	320	205
Commercial paper	0
U.S. Treasury and government agencies	0	0
Corporate bonds	0	0
Asset-backed securities	0	0
Foreign currency forward contracts	0	0
Total assets	320	205
Foreign currency forward contracts	0	0
Total liabilities	0	0
Level 2
Fair Value Disclosure, Asset and Liability, Not Measured at Fair Value [Line Items]
Money market funds	0	0
Commercial paper	1,488
U.S. Treasury and government agencies	336,684	330,163
Corporate bonds	146,581	147,101
Asset-backed securities	368	1,240
Foreign currency forward contracts	2,965	58
Total assets	488,086	478,562
Foreign currency forward contracts	2,495	4,697
Total liabilities	$ 2,495	$ 4,697

Revenue from Contracts with Customers

6 Months Ended

Jun. 30, 2026

Revenue Recognition [Abstract]

Revenue from Contracts with Customers

The Company records deferred revenue when cash payments are received or due in advance of its performance obligations offset by revenue recognized in the period. Revenues of $122.8 million and $111.4 million were recognized during the three months ended June 30, 2026 and 2025, respectively, and $280.6 million and $254.1 million for the six months ended June 30, 2026 and 2025, respectively, which amounts were included in the deferred revenue balances of $417.4 million and $395.7 million as of December 31, 2025 and 2024, respectively.

The Company's payment terms vary by the type and location of its customers. The term between invoicing and when payment is due is not significant. In certain circumstances, based on the credit quality of the customer, the Company requires payment before the products or services are delivered to the customer.

The following table sets forth the expected revenue from all remaining performance obligations as of June 30, 2026:


	(in thousands)
2026 (remaining six months)	$	162,204
2027	220,362
2028	96,031
2029	16,445
2030	4,102
2031 and thereafter	765
Total	$	499,909

Revenues allocated to remaining performance obligations represents the transaction price of noncancelable orders for which service has not been performed, which include deferred revenue and the amounts that will be invoiced and recognized as revenues in future periods from open contracts and excludes unexercised renewals. The Company applied the short-term contract exemption to exclude the remaining performance obligations that are part of a contract that has an original expected duration of one year or less.

From time to time, the Company enters into contracts with customers that extend beyond one year, with certain of its customers electing to pay for more than one year of services upon contract execution. The Company concluded that these contracts did not contain a financing component.

Revenues by sales channel are as follows:


	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2026		2025		2026		2025

	(in thousands)				(in thousands)
Direct	$	84,199	$	83,854	$	168,097	$	165,582
Partner	97,976		80,208		189,716		158,379
Total	$	182,175	$	164,062	$	357,813	$	323,961

The Company utilizes partners to enable and accelerate the adoption of its cloud platform by increasing its distribution capabilities and market awareness of its cloud platform as well as by targeting geographic regions outside the reach of its direct sales force. The Company's channel partners maintain relationships with their customers throughout the territories in which they operate and provide their customers with services and third-party solutions to help meet those customers’ evolving security and compliance requirements. As such, these partners may offer the Company's IT security and compliance solutions in conjunction with one or more of their own products or services and act as a conduit through which the Company can connect with these prospective customers to offer its solutions. For sales involving a channel partner, the channel partner engages with the prospective customer directly and involves the Company's sales team as needed to assist in developing and closing an order. When a channel partner secures a sale, the Company sells the associated subscription to the channel partner who in turn resells the subscription to the customer. Sales to channel partners are made at a discount and revenues are recorded at this discounted price over the subscription terms. The Company does not have any influence or specific knowledge of its partners' selling terms with their customers. See Note 11, “Segment and Geographic Area Information” for disaggregation of revenue by geographic area.

Deferred costs to obtain contracts are as follows:


	June 30, 2026		December 31, 2025

	(in thousands)
Current	$	9,200	$	8,705
Noncurrent	$	18,043	$	17,560

For the three months ended June 30, 2026 and 2025, the Company recognized $2.6 million and $2.1 million, respectively, of amortization expense relating to deferred costs to obtain contracts in sales and marketing expense in the condensed consolidated statements of operations. For the six months ended June 30, 2026 and 2025, the Company recognized $5.0 million and $4.1 million, respectively, of amortization expense relating to deferred costs to obtain contracts in sales and marketing expense in the condensed consolidated statements of operations. During the same periods, there was no impairment loss related to the deferred costs to obtain contracts.

As of December 31, 2024, the net carrying value of the Company’s accounts receivable, current deferred revenues, and noncurrent deferred revenues were $164.6 million, $371.5 million and $24.3 million, respectively.

- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-7

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-9

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-10

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-15

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-13

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Topic 606
-Publisher FASB
-URI https://asc.fasb.org/606/tableOfContent

+ Details

Leases - Schedule of Minimum Annual Lease Payments (Details) $ in Thousands	Jun. 30, 2026 USD ($)
Leases [Abstract]
2026 (remaining six months)	$ 5,333
2027	14,076
2028	13,871
2029	12,196
2030	6,549
2031 and thereafter	13,597
Total minimum lease payments	65,622
Less: interest	(12,223)
Present value of net minimum lease payments	$ 53,399

Stockholders' Equity and Stock-based Compensation - Schedule of Share-based Compensation and Stock Options Activity (Details) $ / shares in Units, shares in Thousands, $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2026 USD ($) $ / shares shares	Dec. 31, 2025 USD ($) $ / shares shares
Outstanding Options
Beginning balance (in shares) \| shares	1,186
Granted (in shares) \| shares	118
Exercised (in shares) \| shares	(18)
Canceled (in shares) \| shares	(54)
Ending balance (in shares) \| shares	1,232	1,186
Vested and expected to vest (in shares) \| shares	1,127
Outstanding options, exercisable (in shares) \| shares	808
Weighted Average Exercise Price
Beginning balance (in USD per share) \| $ / shares	$ 127.50
Granted (in USD per share) \| $ / shares	108.36
Exercised (in USD per share) \| $ / shares	49.41
Canceled (in USD per share) \| $ / shares	136.90
Ending balance (in USD per share) \| $ / shares	126.45	$ 127.50
Vested and expected to vest (in USD per share) \| $ / shares	126.62
Weighted average exercise price, exercisable (in USD per share) \| $ / shares	$ 125.45
Weighted Average Remaining Contractual Life
Weighted average remaining contractual life, balance (in years)	6 years 8 months 12 days	7 years
Weighted average remaining contractual life, vested and expected to vest (in years)	6 years 6 months
Weighted average remaining contractual life, exercisable (in years)	5 years 8 months 12 days
Aggregate Intrinsic Value
Outstanding aggregate intrinsic value \| $	$ 18,185	$ 13,453
Vested and expected to vest as of June 30, 2026 \| $	16,557
Exercisable as of June 30, 2026 \| $	$ 12,712

Stockholders' Equity and Stock-based Compensation - Schedule of Restricted Stock Unit Activity (Details) - $ / shares shares in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2026	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2022
Restricted stock units
Outstanding RSUs
Beginning balance (in shares)	1,148
Granted (in shares)	328
Vested (in shares)	(281)
Forfeited (in shares)	(155)
Ending balance (in shares)	1,040	1,148
Outstanding and expected to vest (in shares)	808
Weighted Average Grant Date Fair Value Per Share
Beginning balance (in USD per share)	$ 133.74
Granted (in USD per share)	118.02
Vested (in USD per share)	136.64
Forfeited (in USD per share)	135.79
Ending balance (in USD per share)	128.35	$ 133.74
Outstanding and expected to vest (in USD per share)	$ 128.29
Performance-based Restricted Stock Units \| Executive Officer 1
Outstanding RSUs
Granted (in shares)		165	165	165
Performance-based Restricted Stock Units \| Executive Officer
Outstanding RSUs
Granted (in shares)	201
Performance-based Restricted Stock Units \| Executive Officer 2
Outstanding RSUs
Granted (in shares)		91		91
Performance-based Restricted Stock Units \| Executive Officer 3
Outstanding RSUs
Granted (in shares)		59
Performance-based Restricted Stock Units \| Executive Officer 4
Outstanding RSUs
Granted (in shares)	216	216	216

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Current assets:
Cash and cash equivalents	$ 250,291	$ 250,258
Short-term marketable securities	176,003	195,681
Accounts receivable, net of allowance of $1,766 and $1,581 as of June 30, 2026 and December 31, 2025, respectively	139,779	170,991
Prepaid expenses and other current assets	52,620	40,686
Total current assets	618,693	657,616
Long-term marketable securities	277,171	250,868
Property and equipment, net	22,591	23,166
Operating leases - right of use asset	48,184	46,001
Deferred tax assets, net	69,569	74,518
Intangible assets, net	2,976	4,255
Goodwill	7,447	7,447
Noncurrent restricted cash	1,200	1,200
Other noncurrent assets	26,342	30,010
Total assets	1,074,173	1,095,081
Current liabilities:
Accounts payable	1,154	1,202
Accrued liabilities	49,250	57,694
Deferred revenues, current	388,075	401,127
Operating lease liabilities, current	8,554	7,315
Total current liabilities	447,033	467,338
Deferred revenues, noncurrent	14,237	16,285
Operating lease liabilities, noncurrent	44,845	44,959
Other noncurrent liabilities	5,835	5,346
Total liabilities	511,950	533,928
Commitments and contingencies (Note 8)
Stockholders’ equity:
Preferred stock: $0.001 par value; 20,000 shares authorized, no shares issued and outstanding as of June 30, 2026 and December 31, 2025	0	0
Common stock: $0.001 par value; 1,000,000 shares authorized, 34,651 and 35,730 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively	35	36
Additional paid-in capital	753,067	731,788
Accumulated other comprehensive loss	(3,284)	(4,012)
Accumulated deficit	(187,595)	(166,659)
Total stockholders’ equity	562,223	561,153
Total liabilities and stockholders’ equity	$ 1,074,173	$ 1,095,081

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
Income Taxes (Details) - USD ($) $ in Thousands	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Income Tax Disclosure [Abstract]
Income tax provision	$ 14,658	$ 11,523	$ 29,005	$ 22,296
Income tax rate (as a percent)	21.90%	19.60%	22.00%	19.00%

- Definition

Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (ee)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Topic 205
-SubTopic 20
-Name Accounting Standards Codification
-Section 45
-Paragraph 3A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483475/205-20-45-3A

Reference 4: http://www.xbrl.org/2003/role/exampleRef
-Topic 220
-SubTopic 40
-Name Accounting Standards Codification
-Section 55
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476153/220-40-55-4

Reference 5: http://www.xbrl.org/2003/role/exampleRef
-Topic 220
-SubTopic 40
-Name Accounting Standards Codification
-Section 55
-Paragraph 21
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476153/220-40-55-21

Reference 6: http://www.xbrl.org/2003/role/exampleRef
-Topic 220
-SubTopic 40
-Name Accounting Standards Codification
-Section 55
-Paragraph 14
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476153/220-40-55-14

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480738/235-10-S50-1

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 270
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482964/270-10-50-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12

Reference 10: http://www.xbrl.org/2003/role/exampleRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 231
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482663/740-10-55-231

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 6.I.7)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479360/740-10-S99-1

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 8
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-8

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-9

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-10

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(9))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477250/944-220-S99-1

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Section 45
-Paragraph 2
-Subparagraph (a)
-SubTopic 20
-Topic 740
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482659/740-20-45-2

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h))
-SubTopic 10
-Topic 235
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

+ Details

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Income Statement [Abstract]
Revenues	$ 182,175	$ 164,062	$ 357,813	$ 323,961
Cost of revenues	30,244	28,877	60,234	57,803
Gross profit	151,931	135,185	297,579	266,158
Operating expenses:
Research and development	30,685	30,249	59,705	59,403
Sales and marketing	41,024	35,810	79,784	68,470
General and administrative	18,320	17,719	35,303	35,123
Total operating expenses	90,029	83,778	174,792	162,996
Income from operations	61,902	51,407	122,787	103,162
Other income (expense), net:
Interest income	6,241	6,407	12,417	12,642
Other income (expense), net	(1,080)	999	(3,151)	1,316
Total other income, net	5,161	7,406	9,266	13,958
Income before income taxes	67,063	58,813	132,053	117,120
Income tax provision	14,658	11,523	29,005	22,296
Net income	$ 52,405	$ 47,290	$ 103,048	$ 94,824
Net income per share:
Basic (in USD per share)	$ 1.50	$ 1.30	$ 2.92	$ 2.61
Diluted (in USD per share)	$ 1.50	$ 1.29	$ 2.91	$ 2.59
Weighted average shares used in computing net income per share:
Basic (in shares)	34,989	36,253	35,297	36,359
Diluted (in shares)	35,030	36,519	35,353	36,651

Commitments and Contingencies	6 Months Ended
Commitments and Contingencies	Jun. 30, 2026
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Indemnifications The Company from time to time enters into certain types of contracts that contingently require it to indemnify various parties against claims from third parties. These contracts primarily relate to (i) the Company's bylaws, under which it must indemnify directors and executive officers, and may indemnify other officers and employees, for liabilities arising out of their relationship, (ii) contracts under which the Company must indemnify directors and certain officers for liabilities arising out of their relationship, and (iii) contracts under which the Company may be required to indemnify customers or resellers from certain liabilities arising from potential infringement of intellectual property rights, as well as potential damages caused by limited product defects. To date, the Company has not incurred and has not recorded any liability in connection with such indemnifications. The Company maintains director and officer insurance, which may cover certain liabilities arising from its obligation to indemnify its directors.

Intangible Assets, Net

6 Months Ended

Jun. 30, 2026

Intangible Asset, Goodwill and Other [Abstract]

Intangible Assets, Net

Intangible assets consist primarily of developed technology and patent licenses acquired from business or asset acquisitions. Acquired intangibles are amortized on a straight-line basis over the respective estimated useful lives of the assets.

The carrying values of intangible assets are as follows:


		June 30, 2026
(in thousands)	Weighted Average Life (Years)	Cost		Accumulated Amortization		Net Book Value
Developed technology	4.6	$	40,141	$	(37,205)	$	2,936
Total intangibles subject to amortization		$	40,141	$	(37,205)	$	2,936
Intangible assets not subject to amortization						40
Total intangible assets, net						$	2,976


		December 31, 2025
(in thousands)	Weighted Average Life (Years)	Cost		Accumulated Amortization		Net Book Value
Developed technology	4.6	$	40,141	$	(35,926)	$	4,215
Total intangibles subject to amortization		$	40,141	$	(35,926)	$	4,215
Intangible assets not subject to amortization						40
Total intangible assets, net						$	4,255

Intangible asset amortization expense was $0.7 million and $0.7 million for the three months ended June 30, 2026 and 2025, respectively, and $1.3 million and $1.3 million for the six months ended June 30, 2026 and 2025, respectively. Intangible asset amortization expenses were primarily recorded in cost of revenues in the condensed consolidated statements of operations.

As of June 30, 2026, the Company expects amortization expense in future periods to be as follows:


	(in thousands)
2026 (remaining six months)	$	1,198
2027	1,738



Total expected future amortization expense	$	2,936

Fair Value of Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2026

Fair Value Disclosures [Abstract]

Schedule of Fair Value Hierarchy of Financial Assets and Liabilities

The following table sets forth by level within the fair value hierarchy the fair value of the Company's financial assets and liabilities measured at fair value on a recurring basis:


	June 30, 2026
	Level 1		Level 2		Fair Value

	(in thousands)
Money market funds	$	320	$	—	$	320
Commercial paper	—		1,488		1,488
U.S. Treasury and government agencies	—		336,684		336,684
Corporate bonds	—		146,581		146,581
Asset-backed securities	—		368		368
Foreign currency forward contracts	—		2,965		2,965
Total assets	$	320	$	488,086	$	488,406
Foreign currency forward contracts	$	—	$	2,495	$	2,495
Total liabilities	$	—	$	2,495	$	2,495


	December 31, 2025
	Level 1		Level 2		Fair Value

	(in thousands)
Money market funds	$	205	$	—	$	205

U.S. Treasury and government agencies	—		330,163		330,163

Corporate bonds	—		147,101		147,101
Asset-backed securities	—		1,240		1,240
Foreign currency forward contracts	—		58		58
Total assets	$	205	$	478,562	$	478,767
Foreign currency forward contracts	$	—	$	4,697	$	4,697
Total liabilities	$	—	$	4,697	$	4,697

Schedule of Cash Equivalents and Marketable Securities

The Company's cash equivalents and marketable securities consist of the following:


	June 30, 2026
	Amortized Cost		Unrealized Gains		Unrealized Losses		Fair Value

	(in thousands)
Cash equivalents: (1)
Money market funds	$	320	$	—	$	—	$	320

U.S. Treasury and government agencies	31,948		—		(1)		31,947
Total	32,268		—		(1)		32,267
Short-term marketable securities:
Commercial paper	1,489		—		(1)		1,488
Corporate bonds	48,924		71		(15)		48,980

U.S. Treasury and government agencies	125,566		40		(71)		125,535
Total	175,979		111		(87)		176,003
Long-term marketable securities:
Corporate bonds	97,951		30		(380)		97,601
Asset-backed securities	366		2		—		368
U.S. Treasury and government agencies	180,389		5		(1,192)		179,202
Total	278,706		37		(1,572)		277,171
Total	$	486,953	$	148	$	(1,660)	$	485,441

(1)Excludes cash of $218.0 million.


	December 31, 2025
	Amortized Cost		Unrealized Gains		Unrealized Losses		Fair Value

	(in thousands)
Cash equivalents: (2)
Money market funds	$	205	$	—	$	—	$	205

U.S. Treasury and government agencies	31,952		3		—		31,955
Total	32,157		3		—		32,160
Short-term marketable securities:

Corporate bonds	59,531		273		—		59,804

U.S. Treasury and government agencies	135,649		238		(10)		135,877

Total	195,180		511		(10)		195,681
Long-term marketable securities:
Corporate bonds	86,826		483		(12)		87,297
Asset-backed securities	1,227		13		—		1,240
U.S. Treasury and government agencies	162,035		396		(100)		162,331
Total	250,088		892		(112)		250,868
Total	$	477,425	$	1,406	$	(122)	$	478,709

(2)Excludes cash of $218.1 million.

Schedule of Gross Unrealized Losses and Fair Value of Marketable Securities in an Unrealized Loss Position

The following table summarizes the gross unrealized losses and fair value of the Company's marketable securities that were in an unrealized loss position aggregated by length of time:


	June 30, 2026
	Less than 12 months				12 months or longer				Total
	Fair Value		Gross Unrealized Losses		Fair Value		Gross Unrealized Losses		Fair Value		Gross Unrealized Losses
	(in thousands)
Commercial paper	$	1,488	$	(1)	$	—	$	—	$	1,488	$	(1)

Corporate bonds	84,449		(395)		—		—		84,449		(395)
U.S. Treasury and government agencies	251,412		(1,253)		9,491		(11)		260,903		(1,264)
Total	$	337,349	$	(1,649)	$	9,491	$	(11)	$	346,840	$	(1,660)


	December 31, 2025
	Less than 12 months				12 months or longer				Total
	Fair Value		Gross Unrealized Losses		Fair Value		Gross Unrealized Losses		Fair Value		Gross Unrealized Losses
	(in thousands)


Corporate bonds	$	10,735	$	(12)	$	1,791	$	—	$	12,526	$	(12)
U.S. Treasury and government agencies	92,419		(110)		—		—		92,419		(110)
Total	$	103,154	$	(122)	$	1,791	$	—	$	104,945	$	(122)

Schedule of the Fair Value of Marketable Securities by Contractual Maturity

The following summarizes the fair value of marketable securities by contractual maturity:


	June 30, 2026
	Amortized Cost		Fair Value

	(in thousands)
Due within One Year	$	208,247	$	208,270
Due after One Year through Five Years	278,340		276,803

Asset-backed securities	366		368
Total	$	486,953	$	485,441

Schedule of Derivative Financial Instruments

The following summarizes the fair value of derivative financial instruments as of June 30, 2026 and December 31, 2025:


	June 30, 2026		December 31, 2025

	(in thousands)
Assets
Foreign currency forward contracts designated as cash flow hedge	$	2,210	$	55
Foreign currency forward contracts not designated as hedging instruments	755		3
Total	$	2,965	$	58
Liabilities
Foreign currency forward contracts designated as cash flow hedge	$	2,321	$	4,579
Foreign currency forward contracts not designated as hedging instruments	174		118
Total	$	2,495	$	4,697

Schedule of Gains (Losses) Recognized from Forward Contracts and Other Foreign Currency Transactions in Other Income (Expense)


	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025

	(in thousands)				(in thousands)
Net gains (losses) from non-designated forward contracts	$	(211)	$	(2,867)	$	2,153	$	(4,484)
Other foreign currency transactions gains (losses)	(877)		3,867		(3,430)		5,744
Total foreign exchange gains (losses), net	$	(1,088)	$	1,000	$	(1,277)	$	1,260

Segment and Geographic Area Information - Schedule of Revenue and Property and Equipment, Net by Geographic Area (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025	Dec. 31, 2025
Segment Reporting, Entity-Wide Information Not Provided as Part of Reportable Segment, Geographical Area, Revenue and Long-Lived Asset [Line Items]
Revenues	$ 182,175	$ 164,062	$ 357,813	$ 323,961
Total long-lived assets	70,775		70,775		$ 69,167
United States
Segment Reporting, Entity-Wide Information Not Provided as Part of Reportable Segment, Geographical Area, Revenue and Long-Lived Asset [Line Items]
Revenues	100,273	92,793	197,033	184,020
Total long-lived assets	50,829		50,829		50,183
Foreign
Segment Reporting, Entity-Wide Information Not Provided as Part of Reportable Segment, Geographical Area, Revenue and Long-Lived Asset [Line Items]
Revenues	81,902	$ 71,269	160,780	$ 139,941
India
Segment Reporting, Entity-Wide Information Not Provided as Part of Reportable Segment, Geographical Area, Revenue and Long-Lived Asset [Line Items]
Total long-lived assets	18,189		18,189		16,937
Rest of world
Segment Reporting, Entity-Wide Information Not Provided as Part of Reportable Segment, Geographical Area, Revenue and Long-Lived Asset [Line Items]
Total long-lived assets	$ 1,757		$ 1,757		$ 2,047

- Definition

+ References

+ Details

Accumulated Other Comprehensive Income (Loss) - Schedule of Components and Changes (Details) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2026	Mar. 31, 2026	Jun. 30, 2025	Mar. 31, 2025	Jun. 30, 2026	Jun. 30, 2025
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	$ 569,873	$ 561,153	$ 498,035	$ 477,116	$ 561,153	$ 477,116
Change in unrealized gains (losses) during the period	(174)	(2,350)	(5,467)	(1,864)
Amount reclassified into income during the period	2,507	1,415	(2)	190
Tax effect	(805)	135	1,247	393
Other comprehensive income (loss), net of tax	1,528	(800)	(4,222)	(1,281)	728	(5,503)
Ending balance	562,223	569,873	508,167	498,035	562,223	508,167
Total
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(4,812)	(4,012)	136	1,417	(4,012)	1,417
Other comprehensive income (loss), net of tax	1,528	(800)	(4,222)	(1,281)
Ending balance	(3,284)	(4,812)	(4,086)	136	(3,284)	(4,086)
Available-for-Sale Debt Securities
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(344)	990	687	391	990	391
Change in unrealized gains (losses) during the period	(1,165)	(1,629)	(41)	366
Amount reclassified into income during the period	0	(1)	0	20
Tax effect	0	296	12	(90)
Other comprehensive income (loss), net of tax	(1,165)	(1,334)	(29)	296
Ending balance	(1,509)	(344)	658	687	(1,509)	658
Cash Flow Hedges
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(4,468)	(5,002)	(551)	1,026	(5,002)	1,026
Change in unrealized gains (losses) during the period	991	(721)	(5,426)	(2,230)
Amount reclassified into income during the period	2,507	1,416	(2)	170
Tax effect	(805)	(161)	1,235	483
Other comprehensive income (loss), net of tax	2,693	534	(4,193)	(1,577)
Ending balance	$ (1,775)	$ (4,468)	$ (4,744)	$ (551)	$ (1,775)	$ (4,744)

- Definition

Amount of equity (deficit) attributable to parent. Excludes temporary equity and equity attributable to noncontrolling interest.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 323
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481687/323-10-50-3

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480738/235-10-S50-1

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(i))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 28
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-28

Reference 6: http://www.xbrl.org/2003/role/exampleRef
-Topic 852
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481372/852-10-55-10

Reference 7: http://www.xbrl.org/2003/role/exampleRef
-Topic 946
-SubTopic 830
-Name Accounting Standards Codification
-Section 55
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479168/946-830-55-12

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-04(19))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479170/946-210-S99-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.6-05(4))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479170/946-210-S99-2

Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.6-09(4)(b))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-3

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.6-09(6))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-3

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.6-09(7))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-3

Reference 13: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(ii))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 14: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 310
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 4.E)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480418/310-10-S99-2

+ Details

Fair Value of Financial Instruments - Narrative (Details) $ in Thousands, € in Millions, ₨ in Millions, £ in Millions, $ in Millions, $ in Millions	3 Months Ended			6 Months Ended
	Jun. 30, 2026 USD ($)	Mar. 31, 2026 USD ($)	Jun. 30, 2025 USD ($)	Jun. 30, 2026 USD ($)	Jun. 30, 2025 USD ($)	Jun. 30, 2026 EUR (€)	Jun. 30, 2026 GBP (£)	Jun. 30, 2026 INR (₨)	Jun. 30, 2026 CAD ($)	Jun. 30, 2026 AUD ($)	Dec. 31, 2025 USD ($)	Dec. 31, 2025 EUR (€)	Dec. 31, 2025 GBP (£)	Dec. 31, 2025 INR (₨)	Dec. 31, 2025 CAD ($)	Dec. 31, 2018 USD ($)
Fair Value Disclosure, Asset and Liability, Not Measured at Fair Value [Line Items]
Credit loss	$ 0		$ 0	$ 0	$ 0
Investment in company																$ 2,500
Impairment charge of investments		$ 2,000		1,967	$ 0
Derivative liability, offset	2,400			2,400							$ 0
Derivative asset, offset	2,400			2,400							$ 0
Foreign Exchange Contract \| Designated as Hedging Instrument \| Cash Flow Hedging
Fair Value Disclosure, Asset and Liability, Not Measured at Fair Value [Line Items]
Derivative, notional amount						€ 51.7	£ 25.0	₨ 6,243.3				€ 54.3	£ 24.1	₨ 5,526.0
Foreign Exchange Contract \| Not Designated as Hedging Instrument
Fair Value Disclosure, Asset and Liability, Not Measured at Fair Value [Line Items]
Derivative, notional amount						€ 16.5	£ 6.5	₨ 3,440.0	$ 2.5	$ 1.5		€ 24.4	£ 6.8	₨ 2,723.0	$ 2.5
Foreign Exchange Contracts for GBP and Euro \| Designated as Hedging Instrument \| Cash Flow Hedging
Fair Value Disclosure, Asset and Liability, Not Measured at Fair Value [Line Items]
Unrealized losses before tax	1,000			1,000
Foreign Exchange Contracts for INR \| Designated as Hedging Instrument \| Cash Flow Hedging
Fair Value Disclosure, Asset and Liability, Not Measured at Fair Value [Line Items]
Unrealized losses before tax	$ 2,000			$ 2,000

Segment and Geographic Area Information - Schedule of Reported Segment Revenue, Segment Profit Or Loss (Details) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2026	Mar. 31, 2026	Jun. 30, 2025	Mar. 31, 2025	Jun. 30, 2026	Jun. 30, 2025
Segment Reporting [Line Items]
Revenues	$ 182,175		$ 164,062		$ 357,813	$ 323,961
Less: Significant segment expenses
Cost of revenues (exclusive of stock-based compensation and amortization of intangible assets)	30,244		28,877		60,234	57,803
Research and development (exclusive of stock-based compensation and amortization of intangible assets)	30,685		30,249		59,705	59,403
Sales and marketing (exclusive of stock-based compensation)	41,024		35,810		79,784	68,470
General and administrative (exclusive of stock-based compensation)	18,320		17,719		35,303	35,123
Less: Stock-based compensation					38,153	36,866
Less: Amortization of intangible assets	700		700		1,300	1,300
Add: Interest income	6,241		6,407		12,417	12,642
Less: Income tax provision	14,658		11,523		29,005	22,296
Net income	52,405	$ 50,643	47,290	$ 47,534	103,048	94,824
Reportable Segment
Segment Reporting [Line Items]
Revenues	182,175		164,062		357,813	323,961
Less: Significant segment expenses
Cost of revenues (exclusive of stock-based compensation and amortization of intangible assets)	27,664		26,258		54,953	52,454
Research and development (exclusive of stock-based compensation and amortization of intangible assets)	26,174		25,286		50,586	49,336
Sales and marketing (exclusive of stock-based compensation)	37,312		32,727		71,883	62,187
General and administrative (exclusive of stock-based compensation)	9,671		9,699		18,172	18,677
Add: Other segment items	(1,080)		999		(3,151)	1,316
Less: Stock-based compensation	18,813		18,046		38,153	36,866
Less: Amortization of intangible assets	639		639		1,279	1,279
Add: Interest income	6,241		6,407		12,417	12,642
Less: Income tax provision	$ 14,658		$ 11,523		$ 29,005	$ 22,296

Property and Equipment, Net

6 Months Ended

Jun. 30, 2026

Property, Plant, and Equipment [Abstract]

Property and Equipment, Net

Property and equipment, net, consists of the following:


	June 30, 2026		December 31, 2025

	(in thousands)
Computer equipment	$	193,006	$	189,173
Computer software	26,237		26,237
Leasehold improvements	24,232		23,751
Scanner appliances	19,633		19,234
Furniture, fixtures and equipment	5,363		5,262
Total property and equipment	268,471		263,657
Less: accumulated depreciation and amortization	(245,880)		(240,491)
Property and equipment, net	$	22,591	$	23,166

As of June 30, 2026 and December 31, 2025, physical scanner appliances and other computer equipment that are or will be subject to leases by customers had a net carrying value of $6.9 million and $8.6 million, respectively, including assets that had not been placed in service of $3.8 million and $4.2 million, respectively.

Depreciation and amortization expenses relating to property and equipment were $2.4 million and $3.4 million for the three months ended June 30, 2026 and 2025, respectively, and $4.8 million and $6.9 million for the six months ended June 30, 2026 and 2025, respectively, which were mainly recorded in cost of revenues in the condensed consolidated statements of operations.

During the first quarter of 2026, the Company identified indicators of impairment related to certain property and equipment and recognized an immaterial impairment charge in cost of revenue in the condensed consolidated statement of operations.

- Definition

The entire disclosure for property, plant, and equipment. Includes, but is not limited to, land and land improvement; building; machinery and equipment; furniture and fixture; and work of art, historical treasure, or similar asset classified as collection.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 360
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482099/360-10-50-3

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 360
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482099/360-10-50-3

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 360
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/360/tableOfContent

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 360
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482099/360-10-50-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 360
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482130/360-10-45-13

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 360
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 5.CC)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480091/360-10-S99-2

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-SubTopic 360
-Topic 958
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477798/958-360-50-6

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)
-SubTopic 360
-Topic 958
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477798/958-360-50-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-SubTopic 360
-Topic 958
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477798/958-360-50-7

+ Details

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock	Additional Paid-In Capital	Accumulated Other Comprehensive Income (Loss)	Accumulated Deficit
Beginning balance (in shares) at Dec. 31, 2024		36,503
Beginning balance at Dec. 31, 2024	$ 477,116	$ 37	$ 664,879	$ 1,417	$ (189,217)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	47,534				47,534
Other comprehensive income (loss), net of tax	(1,281)			(1,281)
Issuance of common stock upon exercise of stock options (in shares)		56
Issuance of common stock upon exercise of stock options	2,599		2,599
Repurchase of common stock (in shares)		(292)
Repurchase of common stock	(39,739)	$ (1)	(1,753)		(37,985)
Issuance of common stock upon vesting of restricted stock units (in shares)		172
Taxes related to net share settlement of equity awards (in shares)		(78)
Taxes related to net share settlement of equity awards	(10,831)		(10,831)
Issuance of common stock through employee stock purchase plan (in shares)		37
Issuance of common stock through employee stock purchase plan	3,817		3,817
Stock-based compensation	18,820		18,820
Ending balance (in shares) at Mar. 31, 2025		36,398
Ending balance at Mar. 31, 2025	498,035	$ 36	677,531	136	(179,668)
Beginning balance (in shares) at Dec. 31, 2024		36,503
Beginning balance at Dec. 31, 2024	477,116	$ 37	664,879	1,417	(189,217)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	94,824
Other comprehensive income (loss), net of tax	(5,503)
Ending balance (in shares) at Jun. 30, 2025		36,130
Ending balance at Jun. 30, 2025	508,167	$ 36	691,886	(4,086)	(179,669)
Beginning balance (in shares) at Mar. 31, 2025		36,398
Beginning balance at Mar. 31, 2025	498,035	$ 36	677,531	136	(179,668)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	47,290				47,290
Other comprehensive income (loss), net of tax	(4,222)			(4,222)
Issuance of common stock upon exercise of stock options (in shares)		57
Issuance of common stock upon exercise of stock options	2,978		2,978
Repurchase of common stock (in shares)		(375)
Repurchase of common stock	(49,544)		(2,253)		(47,291)
Issuance of common stock upon vesting of restricted stock units (in shares)		85
Taxes related to net share settlement of equity awards (in shares)		(35)
Taxes related to net share settlement of equity awards	(4,436)		(4,436)
Stock-based compensation	18,066		18,066
Ending balance (in shares) at Jun. 30, 2025		36,130
Ending balance at Jun. 30, 2025	508,167	$ 36	691,886	(4,086)	(179,669)
Beginning balance (in shares) at Dec. 31, 2025		35,730
Beginning balance at Dec. 31, 2025	561,153	$ 36	731,788	(4,012)	(166,659)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	50,643				50,643
Other comprehensive income (loss), net of tax	(800)			(800)
Issuance of common stock upon exercise of stock options (in shares)		10
Issuance of common stock upon exercise of stock options	325		325
Repurchase of common stock (in shares)		(505)
Repurchase of common stock	(54,281)	$ (1)	(3,028)		(51,252)
Issuance of common stock upon vesting of restricted stock units (in shares)		182
Taxes related to net share settlement of equity awards (in shares)		(81)
Taxes related to net share settlement of equity awards	(10,375)		(10,375)
Issuance of common stock through employee stock purchase plan (in shares)		43
Issuance of common stock through employee stock purchase plan	3,851		3,851
Stock-based compensation	19,357		19,357
Ending balance (in shares) at Mar. 31, 2026		35,379
Ending balance at Mar. 31, 2026	569,873	$ 35	741,918	(4,812)	(167,268)
Beginning balance (in shares) at Dec. 31, 2025		35,730
Beginning balance at Dec. 31, 2025	561,153	$ 36	731,788	(4,012)	(166,659)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	103,048
Other comprehensive income (loss), net of tax	$ 728
Issuance of common stock upon exercise of stock options (in shares)	18
Ending balance (in shares) at Jun. 30, 2026		34,651
Ending balance at Jun. 30, 2026	$ 562,223	$ 35	753,067	(3,284)	(187,595)
Beginning balance (in shares) at Mar. 31, 2026		35,379
Beginning balance at Mar. 31, 2026	569,873	$ 35	741,918	(4,812)	(167,268)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	52,405				52,405
Other comprehensive income (loss), net of tax	1,528			1,528
Issuance of common stock upon exercise of stock options (in shares)		9
Issuance of common stock upon exercise of stock options	609		609
Repurchase of common stock (in shares)		(797)
Repurchase of common stock	(77,515)		(4,783)		(72,732)
Issuance of common stock upon vesting of restricted stock units (in shares)		99
Taxes related to net share settlement of equity awards (in shares)		(39)
Taxes related to net share settlement of equity awards	(3,490)		(3,490)
Stock-based compensation	18,813		18,813
Ending balance (in shares) at Jun. 30, 2026		34,651
Ending balance at Jun. 30, 2026	$ 562,223	$ 35	$ 753,067	$ (3,284)	$ (187,595)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Cash flow from operating activities:
Net income	$ 103,048	$ 94,824
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization expense	6,105	8,155
Provision for credit losses	328	850
Impairment of property and equipment	624	0
Impairment of non-marketable securities	1,967	0
Stock-based compensation, net of amounts capitalized	38,153	36,866
Accretion of discount on marketable securities, net	(857)	(2,008)
Deferred income taxes	4,278	(8,605)
Changes in operating assets and liabilities:
Accounts receivable	30,884	35,026
Prepaid expenses and other assets	(7,748)	(4,609)
Accounts payable	(96)	699
Accrued liabilities and other noncurrent liabilities	(6,678)	3,683
Deferred revenues	(15,100)	(21,522)
Net cash provided by operating activities	154,908	143,359
Cash flow from investing activities:
Purchases of marketable securities	(146,477)	(183,545)
Sales and maturities of marketable securities	137,437	100,770
Purchases of property and equipment	(5,367)	(3,365)
Net cash used in investing activities	(14,407)	(86,140)
Cash flow from financing activities:
Repurchase of common stock	(131,388)	(89,545)
Proceeds from exercise of stock options	934	5,577
Payments for taxes related to net share settlement of equity awards	(13,865)	(15,267)
Proceeds from issuance of common stock through employee stock purchase plan	3,851	3,817
Net cash used in financing activities	(140,468)	(95,418)
Net increase (decrease) in cash, cash equivalents and restricted cash	33	(38,199)
Cash, cash equivalents and restricted cash at beginning of period	251,458	233,382
Cash, cash equivalents and restricted cash at end of period	$ 251,491	$ 195,183

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) shares in Thousands, $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Statement of Financial Position [Abstract]
Accounts receivable, net of allowance	$ 1,766	$ 1,581
Preferred stock, par value (in USD per share)	$ 0.001	$ 0.001
Preferred stock, shares authorized (in shares)	20,000	20,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value (in USD per share)	$ 0.001	$ 0.001
Common stock, shares authorized (in shares)	1,000,000	1,000,000
Common stock, shares issued (in shares)	34,651	35,730
Common stock, shares outstanding (in shares)	34,651	35,730

Stockholders' Equity and Stock-based Compensation (Tables)

6 Months Ended

Jun. 30, 2026

Equity [Abstract]

Schedule of Stock Option Activity

A summary of the Company’s stock option activity during the six months ended June 30, 2026 is as follows:


	Outstanding Options	Weighted Average Exercise Price		Weighted Average Remaining Contractual Life	Aggregate Intrinsic Value
	(in thousands)			(Years)	(in thousands)
Balance as of December 31, 2025	1,186	$	127.50	7.0	$	13,453
Granted	118	$	108.36
Exercised	(18)	$	49.41
Canceled	(54)	$	136.90
Balance as of June 30, 2026	1,232	$	126.45	6.7	$	18,185
Vested and expected to vest as of June 30, 2026	1,127	$	126.62	6.5	$	16,557
Exercisable as of June 30, 2026	808	$	125.45	5.7	$	12,712

Schedule of RSU Activity Inclusive of PRSU Activity

A summary of the Company’s RSU activity, inclusive of PRSU activity, during the six months ended June 30, 2026 is as follows:


	Outstanding RSUs		Weighted Average Grant Date Fair Value Per Share
	(in thousands)
Balance as of December 31, 2025	1,148	(1)	$	133.74
Granted	328	(2)	$	118.02
Vested	(281)	(3)	$	136.64
Forfeited	(155)	(4)	$	135.79
Balance as of June 30, 2026	1,040	(5)	$	128.35
Outstanding and expected to vest as of June 30, 2026	808		$	128.29

(1)Included 165 thousand PRSUs granted to certain executive officers in 2025, 2024 and 2022.

(2)Included 201 thousand PRSUs granted to certain executive officers in the six months ended June 30, 2026.

(3)Included 91 thousand PRSUs granted to certain executive officers in 2025 and 2022.

(4)Included 59 thousand PRSUs granted to certain executive officers in 2025.

(5)Included 216 thousand PRSUs granted to certain executive officers in 2026, 2025 and 2024.

Schedule of Stock-Based Compensation Expense in Statements of Operations

The following table shows a summary of the stock-based compensation expenses included in the condensed consolidated statements of operations:


	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025

	(in thousands)				(in thousands)
Cost of revenues	$	1,941	$	1,980	$	4,002	$	4,070
Research and development	4,511		4,963		9,119		10,067
Sales and marketing	3,712		3,083		7,901		6,283
General and administrative	8,649		8,020		17,131		16,446
Total stock-based compensation, net of amounts capitalized (1)	$	18,813	$	18,046	$	38,153	$	36,866

(1)Total stock-based compensation expense capitalized was de minimis during the three and six months ended June 30, 2026 and 2025.

Schedule of Share Repurchase Program

The Company's share repurchase program was authorized by the board of directors as follows:


Announcement Date	Authorized Dollar Value
	(in millions)
February 12, 2018	$	100.0
October 30, 2018	100.0
October 30, 2019	100.0
May 7, 2020	100.0
February 10, 2021	100.0
November 3, 2021	200.0
May 4, 2022	200.0
February 9, 2023	100.0
February 7, 2024	200.0
February 6, 2025	200.0
February 5, 2026	200.0
Total as of June 30, 2026	$	1,600.0

Intangible Assets, Net (Tables)

6 Months Ended

Jun. 30, 2026

Intangible Asset, Goodwill and Other [Abstract]

Schedule of Acquired Finite-Lived Intangible Assets by Major Class

The carrying values of intangible assets are as follows:


		June 30, 2026
(in thousands)	Weighted Average Life (Years)	Cost		Accumulated Amortization		Net Book Value
Developed technology	4.6	$	40,141	$	(37,205)	$	2,936
Total intangibles subject to amortization		$	40,141	$	(37,205)	$	2,936
Intangible assets not subject to amortization						40
Total intangible assets, net						$	2,976


		December 31, 2025
(in thousands)	Weighted Average Life (Years)	Cost		Accumulated Amortization		Net Book Value
Developed technology	4.6	$	40,141	$	(35,926)	$	4,215
Total intangibles subject to amortization		$	40,141	$	(35,926)	$	4,215
Intangible assets not subject to amortization						40
Total intangible assets, net						$	4,255

Schedule of Acquired Indefinite-Lived Intangible Assets by Major Class

The carrying values of intangible assets are as follows:


		June 30, 2026
(in thousands)	Weighted Average Life (Years)	Cost		Accumulated Amortization		Net Book Value
Developed technology	4.6	$	40,141	$	(37,205)	$	2,936
Total intangibles subject to amortization		$	40,141	$	(37,205)	$	2,936
Intangible assets not subject to amortization						40
Total intangible assets, net						$	2,976


		December 31, 2025
(in thousands)	Weighted Average Life (Years)	Cost		Accumulated Amortization		Net Book Value
Developed technology	4.6	$	40,141	$	(35,926)	$	4,215
Total intangibles subject to amortization		$	40,141	$	(35,926)	$	4,215
Intangible assets not subject to amortization						40
Total intangible assets, net						$	4,255

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

As of June 30, 2026, the Company expects amortization expense in future periods to be as follows:


	(in thousands)
2026 (remaining six months)	$	1,198
2027	1,738



Total expected future amortization expense	$	2,936

Segment and Geographic Area Information

6 Months Ended

Jun. 30, 2026

Segment Reporting [Abstract]

Segment and Geographic Area Information

Under ASC 280 Segment Reporting, operating segments are defined as components of an entity about which separate financial information is evaluated regularly by the chief operating decision maker (“CODM”) in deciding how to allocate resources and in assessing performance. The Company operates in one operating segment and has only one reportable segment. The Company’s chief operating decision maker is the Chief Executive Officer, who makes operating decisions, assesses performance and allocates resources on a consolidated basis. All of the Company’s principal operations and decision-making functions are located in the United States.

The key measure of segment profit or loss that the CODM uses to allocate resources and in assessing performance is the Company’s consolidated net income, as reported on the Condensed Consolidated Statements of Operations. The CODM uses net income to monitor actual results against budgeted and prior period operating results for the purpose of evaluating operational efficiency, and to evaluate income generated from the assets in making strategic decisions on organizational resource allocation, as well as to benchmark segment performance against industry competitors.

The CODM manages the business using consolidated expense information. The following table sets forth the Company's reported segment revenue, segment profit or loss, and significant segment expenses:


	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
	(in thousands)
Revenues	$	182,175	$	164,062	$	357,813	$	323,961
Less: Significant segment expenses
Cost of revenues (exclusive of stock-based compensation and amortization of intangible assets)	27,664		26,258		54,953		52,454
Research and development (exclusive of stock-based compensation and amortization of intangible assets)	26,174		25,286		50,586		49,336
Sales and marketing (exclusive of stock-based compensation)	37,312		32,727		71,883		62,187
General and administrative (exclusive of stock-based compensation)	9,671		9,699		18,172		18,677
Add: Other segment items (1)	(1,080)		999		(3,151)		1,316
Less: Stock-based compensation	18,813		18,046		38,153		36,866
Less: Amortization of intangible assets	639		639		1,279		1,279
Add: Interest income	6,241		6,407		12,417		12,642
Less: Income tax provision	14,658		11,523		29,005		22,296
Condensed consolidated net income	$	52,405	$	47,290	$	103,048	$	94,824

(1)Other segment items included in segment net income includes interest expense, realized and unrealized gain/loss on foreign exchange transactions, and impairment of non-marketable securities.

Revenue by geographic area, based on the customer's billing address, is as follows:


	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025

	(in thousands)				(in thousands)
United States	$	100,273	$	92,793	$	197,033	$	184,020
Foreign	81,902		71,269		160,780		139,941
Total revenues	$	182,175	$	164,062	$	357,813	$	323,961


	June 30, 2026		December 31, 2025

	(in thousands)
United States	$	50,829	$	50,183
India	18,189		16,937
Rest of world	1,757		2,047
Total long-lived assets	$	70,775	$	69,167

- Definition

The entire disclosure for segment reporting.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 40
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-40

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 42
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-42

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 34
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-34

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (ee)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 31
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-31

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 26C
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-26C

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 26B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-26B

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-15

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 41
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-41

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-21

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-21

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 15: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 48
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-48

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 270
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482964/270-10-50-1

Reference 17: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 54
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-54

Reference 18: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 47
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-47

Reference 19: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 54
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-54

Reference 20: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 47
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-47

Reference 21: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 54
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-54

Reference 22: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 47
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-47

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/280/tableOfContent

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 26
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-26

+ Details

Leases (Tables)

6 Months Ended

Jun. 30, 2026

Leases [Abstract]

Schedule of Supplemental Cash Flow Information

Supplemental cash flow information related to operating leases was as follows:


	Six Months Ended June 30,
	2026		2025

	(in thousands)
Cash payments included in the measurement of lease liabilities	$	6,504	$	6,393
Lease liabilities arising from obtaining right-of-use assets	$	6,558	$	13,334

The weighted average remaining lease term and the weighted average discount rate of the Company's operating leases were as follows:


	June 30, 2026		December 31, 2025
Weighted average remaining lease term (years)	5.3		5.8
Weighted average discount rate	7.7	%	8.0	%

Schedule of Operating Lease Liability

Maturities of the Company's operating lease liabilities as of June 30, 2026 are as follows:


	(in thousands)
2026 (remaining six months)	$	5,333
2027	14,076
2028	13,871
2029	12,196
2030	6,549
2031 and thereafter	13,597
Total minimum lease payments	65,622
Less: interest	(12,223)
Present value of net minimum lease payments	$	53,399

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Statement of Comprehensive Income [Abstract]
Net income	$ 52,405	$ 47,290	$ 103,048	$ 94,824
Other comprehensive income (loss), net of tax
Net change in unrealized gains (losses) on available-for-sale debt securities, net of tax	(1,165)	(29)	(2,499)	267
Net change in unrealized gains (losses) on cash flow hedges, net of tax	2,693	(4,193)	3,227	(5,770)
Other comprehensive income (loss), net of tax	1,528	(4,222)	728	(5,503)
Comprehensive income	$ 53,933	$ 43,068	$ 103,776	$ 89,321

- Definition

Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners.

+ References + Details

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

+ Details

Fair Value of Financial Instruments - Schedule of Securities in Unrealized Loss Positions (Details) - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Less than 12 months
Fair Value	$ 337,349	$ 103,154
Gross Unrealized Losses	(1,649)	(122)
12 months or longer
Fair Value	9,491	1,791
Gross Unrealized Losses	(11)	0
Total
Fair Value	346,840	104,945
Gross Unrealized Losses	(1,660)	(122)
Commercial paper
Less than 12 months
Fair Value	1,488
Gross Unrealized Losses	(1)
12 months or longer
Fair Value	0
Gross Unrealized Losses	0
Total
Fair Value	1,488
Gross Unrealized Losses	(1)
Corporate bonds
Less than 12 months
Fair Value	84,449	10,735
Gross Unrealized Losses	(395)	(12)
12 months or longer
Fair Value	0	1,791
Gross Unrealized Losses	0	0
Total
Fair Value	84,449	12,526
Gross Unrealized Losses	(395)	(12)
U.S. Treasury and government agencies
Less than 12 months
Fair Value	251,412	92,419
Gross Unrealized Losses	(1,253)	(110)
12 months or longer
Fair Value	9,491	0
Gross Unrealized Losses	(11)	0
Total
Fair Value	260,903	92,419
Gross Unrealized Losses	$ (1,264)	$ (110)

Stockholders' Equity and Stock-based Compensation - Schedule of Stock-based Compensation Expense (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Total stock-based compensation, net of amounts capitalized	$ 18,813	$ 18,046	$ 38,153	$ 36,866
Income Statement Location [Axis]: us-gaap:CostOfRevenue
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Total stock-based compensation, net of amounts capitalized	1,941	1,980	4,002	4,070
Income Statement Location [Axis]: us-gaap:GeneralAndAdministrativeExpense
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Total stock-based compensation, net of amounts capitalized	8,649	8,020	17,131	16,446
Income Statement Location [Axis]: us-gaap:ResearchAndDevelopmentExpense
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Total stock-based compensation, net of amounts capitalized	4,511	4,963	9,119	10,067
Income Statement Location [Axis]: us-gaap:SellingAndMarketingExpense
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Total stock-based compensation, net of amounts capitalized	$ 3,712	$ 3,083	$ 7,901	$ 6,283

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (f)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (f)(2)(v)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (f)(2)(i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (f)(2)(iii)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (f)(2)(iv)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (f)(2)(ii)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (l)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (d)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 35
-Paragraph 1D
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480483/718-10-35-1D

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 35
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480483/718-10-35-3

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(ii)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(iii)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(iv)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(iv)(01)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(iv)(02)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(iv)(03)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(iv)(04)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(2)(i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(2)(ii)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(2)(iii)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 25: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(2)(iii)(01)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 26: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(2)(iii)(02)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 27: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(2)(iii)(03)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 28: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (d)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 29: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (e)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 30: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (e)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

+ Details

Description of Business and Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2026
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited condensed consolidated financial statements and condensed footnotes have been prepared in accordance with accounting principles generally accepted in the United States (“U.S. GAAP”) for interim financial information as well as the instructions to Form 10-Q and the rules and regulations of the U.S. Securities and Exchange Commission (“SEC”). Certain information and disclosures normally included in the financial statements prepared in accordance with U.S. GAAP have been condensed or omitted pursuant to such rules and regulations. The condensed consolidated balance sheet as of December 31, 2025, included herein, was derived from the audited financial statements as of that date but does not include all disclosures, including notes required by U.S. GAAP. In the opinion of management, the accompanying unaudited condensed consolidated financial statements reflect all adjustments, which include only normal recurring adjustments, necessary for the fair statement of the financial position, results of operations and cash flows for the interim periods. The results of operations for the three and six months ended June 30, 2026 are not necessarily indicative of the results of operations expected for the entire year ending December 31, 2026 or for any other future annual or interim periods. These condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and related notes included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025 filed with the SEC on February 20, 2026.
Use of Estimates	Use of Estimates The preparation of the unaudited condensed consolidated financial statements in conformity with U.S. GAAP requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of assets and liabilities at the date of the condensed consolidated financial statements and the reported results of operations during the reporting period. The Company’s management regularly assesses these estimates, which primarily affect revenue recognition, allowance for credit loss, the valuation of goodwill and intangible assets, leases, stock-based compensation and income tax provision. Actual results could differ from those estimates and such differences may be material to the accompanying unaudited condensed consolidated financial statements.
Recently Adopted Accounting Pronouncements and Recently Issued Accounting Pronouncements Not Yet Adopted	Recently Adopted Accounting Pronouncements In July 2025, the FASB issued ASU 2025-05, Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses for Accounts Receivable and Contract Assets, which amends ASC 326-20 to provide a practical expedient (for all entities) and an accounting policy election (for all entities, other than public business entities that elect the practical expedient) related to the estimation of expected credit losses for current accounts receivable and current contract assets that arise from transactions accounted for under ASC 606. The standard should be applied prospectively, and is effective for annual periods, including interim reporting periods, beginning after December 15, 2025. The Company adopted this ASU during the first quarter of fiscal year 2026 on a prospective basis. The adoption of this ASU did not have a material impact on its consolidated financial statements. Recently Issued Accounting Pronouncements Not Yet Adopted In November 2024, the FASB issued ASU 2024-03 - Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses, requiring more detailed information about the types of expenses included in certain expense captions presented on the consolidated statements of operations. Additionally, this amendment requires the disclosure of a qualitative description of the amounts remaining in relevant expense captions that are not separately disaggregated quantitatively and the disclosure of the total amount of selling expenses. The requirements of the ASU are effective for annual periods beginning after December 15, 2026, and for interim periods within fiscal years beginning after December 15, 2027 and are to be applied on a retrospective or prospective basis, with early adoption permitted. The Company's annual reporting requirements will be effective for fiscal year 2027. The Company is in the process of analyzing the impact of the ASU on related disclosures. In September 2025, the FASB issued ASU 2025-06 - Intangibles—Goodwill and Other Internal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use Software, which simplifies the capitalization guidance by removing references to software development project stage so that the guidance is neutral to different software development methods. The requirements of the ASU are effective for annual periods beginning after December 15, 2027, and interim reporting periods within those annual reporting periods and are to be applied on a prospective, modified retrospective or retrospective basis, with early adoption permitted. The Company's interim and annual reporting requirements will be effective for the Company beginning in the first quarter of fiscal year 2028. The Company is in the process of analyzing the impact of the ASU on its consolidated financial statements. There have been no material changes to the Company’s significant accounting policies set forth in “Note 1” of Notes to Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025.

- Definition

Disclosure of accounting policy for the use of estimates in the preparation of financial statements in conformity with generally accepted accounting principles.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 235
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478671/942-235-S50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 235
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-05(b)(2))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477314/942-235-S99-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 275
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482861/275-10-50-12

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 275
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482861/275-10-50-9

Reference 5: http://www.xbrl.org/2003/role/exampleRef
-Topic 275
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482836/275-10-55-6

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 275
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482861/275-10-50-6

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 275
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482861/275-10-50-4

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)
-SubTopic 10
-Topic 275
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482861/275-10-50-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)
-SubTopic 10
-Topic 275
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482861/275-10-50-1

+ Details