JFrog (FROG) 10-Q 3 Aug 23 2023 Q2 Quarterly report Financial data

Cover Page

Cover Page - shares	6 Months Ended
	Jun. 30, 2023	Jul. 31, 2023
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2023
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q2
Entity Registrant Name	JFrog Ltd.
Entity Central Index Key	0001800667
Securities Act File Number	001-39492
Entity Tax Identification Number	98-0680649
Document Quarterly Report	true
Document Transition Report	false
Entity Incorporation, State or Country Code	L3
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Interactive Data Current	Yes
Entity Current Reporting Status	Yes
Entity Address, Address Line One	270 E. Caribbean Drive
Entity Address, City or Town	Sunnyvale
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	94089
City Area Code	(408)
Local Phone Number	329-1540
Entity Shell Company	false
Entity Small Business	false
Entity Emerging Growth Company	false
Title of 12(b) Security	Ordinary Shares, NIS 0.01 par value
Trading Symbol	FROG
Security Exchange Name	NASDAQ
Entity Common Stock, Shares Outstanding		103,788,604

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 46,694	$ 45,595
Short-term investments	423,100	397,605
Accounts receivable, net	62,498	62,117
Deferred contract acquisition costs	9,063	8,102
Prepaid expenses and other current assets	16,955	18,603
Total current assets	558,310	532,022
Property and equipment, net	7,028	8,021
Deferred contract acquisition costs, noncurrent	14,134	13,501
Operating lease right-of-use assets	27,361	24,602
Intangible assets, net	31,618	37,544
Goodwill	247,955	247,955
Other assets, noncurrent	8,715	7,576
Total assets	895,121	871,221
Current liabilities:
Accounts payable	13,097	14,867
Accrued expenses and other current liabilities	31,724	28,848
Operating lease liabilities	8,272	7,132
Deferred revenue	170,967	158,725
Total current liabilities	224,060	209,572
Deferred revenue, noncurrent	13,441	16,990
Operating lease liabilities, noncurrent	18,241	16,829
Other liabilities, noncurrent	3,487	3,057
Total liabilities	259,229	246,448
Commitments and contingencies (Note 10)
Shareholders' equity:
Preferred shares, NIS 0.01 par value per share; 50,000,000 shares authorized; 0 issued and outstanding as of June 30, 2023 and December 31, 2022	0	0
Ordinary shares, NIS 0.01 par value per share, 500,000,000 shares authorized; 103,620,107and 100,907,857 shares issued and outstanding as of June 30, 2023 and December 31, 2022, respectively	290	283
Additional paid-in capital	904,531	856,438
Accumulated other comprehensive loss	(3,477)	(2,772)
Accumulated deficit	(265,452)	(229,176)
Total shareholders' equity	635,892	624,773
Total liabilities and shareholders' equity	$ 895,121	$ 871,221

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - ₪ / shares	Jun. 30, 2023	Dec. 31, 2022
Preferred stock par value	₪ 0.01	₪ 0.01
Preferred stock authorized	50,000,000	50,000,000
Preferred stock issued	0	0
Preferred stock Outstanding	0	0
Common stock par value	₪ 0.01	₪ 0.01
Common stock Authorized	500,000,000	500,000,000
Common stock issued	103,620,107	100,907,857
Common stock Outstanding	103,620,107	100,907,857

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Revenue:
Total subscription revenue	$ 84,170	$ 67,807	$ 163,990	$ 131,503
Cost of revenue:
Total cost of revenue—subscription	18,449	15,244	36,870	29,107
Gross profit	65,721	52,563	127,120	102,396
Operating expenses:
Research and development	33,544	28,945	68,430	56,046
Sales and marketing	36,352	31,991	71,838	61,171
General and administrative	14,732	14,037	28,972	26,728
Total operating expenses	84,628	74,973	169,240	143,945
Operating loss	(18,907)	(22,410)	(42,120)	(41,549)
Interest and other income, net	4,896	517	8,888	790
Loss before income taxes	(14,011)	(21,893)	(33,232)	(40,759)
Income tax expense	1,456	1,880	3,044	2,718
Net loss	$ (15,467)	$ (23,773)	$ (36,276)	$ (43,477)
Net loss per share, Basic	$ (0.15)	$ (0.24)	$ (0.36)	$ (0.44)
Net loss per share, Diluted	$ (0.15)	$ (0.24)	$ (0.36)	$ (0.44)
Weighted-average shares used in computing net loss per share, basic	102,512,578	98,955,711	101,890,022	98,422,723
Weighted-average shares used in computing net loss per share, diluted	102,512,578	98,955,711	101,890,022	98,422,723
Subscription—self-managed and SaaS
Revenue:
Total subscription revenue	$ 79,467	$ 63,679	$ 154,010	$ 122,748
Cost of revenue:
Total cost of revenue—subscription	18,231	15,024	36,434	28,667
License—self-managed
Revenue:
Total subscription revenue	4,703	4,128	9,980	8,755
Cost of revenue:
Total cost of revenue—subscription	$ 218	$ 220	$ 436	$ 440

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Loss - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Statement of Comprehensive Income [Abstract]
Net Income (Loss)	$ (15,467)	$ (23,773)	$ (36,276)	$ (43,477)
Other comprehensive loss, net of tax:
Unrealized losses on available-for-sale marketable securities, net	(865)	(192)	(293)	(909)
Unrealized losses on derivative instruments, net	(239)	(3,284)	(412)	(4,048)
Other comprehensive loss	(1,104)	(3,476)	(705)	(4,957)
Comprehensive loss	$ (16,571)	$ (27,249)	$ (36,981)	$ (48,434)

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Shareholders' Equity (Unaudited) - USD ($) $ in Thousands	Total	Ordinary Shares	Additional Paid-in Capital	Accumulated Other Comprehensive Income (loss)	Accumulated Deficit
Balance (in shares) at Dec. 31, 2021		97,312,040
Balance at Dec. 31, 2021	$ 638,581	$ 272	$ 776,690	$ 611	$ (138,992)
Issuance of ordinary shares upon exercise of share options (in shares)		1,456,246
Issuance of ordinary shares upon exercise of share options	2,873	$ 4	2,869
Issuance of ordinary shares upon release of restricted share units (in shares)		311,508
Issuance of ordinary shares upon release of restricted share units		$ 1	(1)
Issuance of ordinary shares under the employee share purchase plan (shares)		154,550
Issuance of ordinary shares under the employee share purchase plan	3,253	$ 1	3,252
Issuance of ordinary shares related to business combination (in shares)		48,183
Share-based compensation expense	29,151		29,151
Other comprehensive income (loss), net of tax	(4,957)			(4,957)
Net Income (Loss)	(43,477)				(43,477)
Balance (in shares) at Jun. 30, 2022		99,282,527
Balance at Jun. 30, 2022	625,424	$ 278	811,961	(4,346)	(182,469)
Balance (in shares) at Mar. 31, 2022		98,641,858
Balance at Mar. 31, 2022	636,518	$ 276	795,808	(870)	(158,696)
Issuance of ordinary shares upon exercise of share options (in shares)		438,577
Issuance of ordinary shares upon exercise of share options	1,078	$ 1	1,077
Issuance of ordinary shares upon release of restricted share units (in shares)		202,092
Issuance of ordinary shares upon release of restricted share units		$ 1	(1)
Share-based compensation expense	15,077		15,077
Other comprehensive income (loss), net of tax	(3,476)			(3,476)
Net Income (Loss)	(23,773)				(23,773)
Balance (in shares) at Jun. 30, 2022		99,282,527
Balance at Jun. 30, 2022	625,424	$ 278	811,961	(4,346)	(182,469)
Balance (in shares) at Dec. 31, 2022		100,907,857
Balance at Dec. 31, 2022	$ 624,773	$ 283	856,438	(2,772)	(229,176)
Issuance of ordinary shares upon exercise of share options (in shares)	907,636	907,636
Issuance of ordinary shares upon exercise of share options	$ 3,367	$ 2	3,365
Issuance of ordinary shares upon release of restricted share units (in shares)		1,597,226
Issuance of ordinary shares upon release of restricted share units		$ 4	(4)
Issuance of ordinary shares under the employee share purchase plan (shares)		207,388
Issuance of ordinary shares under the employee share purchase plan	3,499	$ 1	3,498
Share-based compensation expense	41,234		41,234
Other comprehensive income (loss), net of tax	(705)			(705)
Net Income (Loss)	(36,276)				(36,276)
Balance (in shares) at Jun. 30, 2023		103,620,107
Balance at Jun. 30, 2023	635,892	$ 290	904,531	(3,477)	(265,452)
Balance (in shares) at Mar. 31, 2023		101,838,543
Balance at Mar. 31, 2023	628,930	$ 286	881,002	(2,373)	(249,985)
Issuance of ordinary shares upon exercise of share options (in shares)		555,842
Issuance of ordinary shares upon exercise of share options	2,211	$ 1	2,210
Issuance of ordinary shares upon release of restricted share units (in shares)		1,225,722
Issuance of ordinary shares upon release of restricted share units		$ 3	(3)
Share-based compensation expense	21,322		21,322
Other comprehensive income (loss), net of tax	(1,104)			(1,104)
Net Income (Loss)	(15,467)				(15,467)
Balance (in shares) at Jun. 30, 2023		103,620,107
Balance at Jun. 30, 2023	$ 635,892	$ 290	$ 904,531	$ (3,477)	$ (265,452)

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Cash flows from operating activities:
Net Income (Loss)	$ (36,276)	$ (43,477)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization	7,675	7,091
Share-based compensation expense	41,234	29,151
Non-cash operating lease expense	4,145	3,602
Net amortization of premium or discount on investments	(2,870)	2,388
Gain on foreign exchange	(591)	0
Changes in operating assets and liabilities, net of business combinations:
Accounts receivable	(221)	(2,521)
Prepaid expenses and other assets	(1,961)	4,136
Deferred contract acquisition costs	(1,594)	(3,606)
Accounts payable	(1,913)	2,227
Accrued expenses and other liabilities	3,030	5,457
Operating lease liabilities	(3,770)	(5,426)
Deferred revenue	8,693	9,961
Net cash provided by operating activities	15,581	8,983
Cash flows from investing activities:
Purchases of short-term investments	(204,572)	(181,279)
Maturities and sales of short-term investments	183,171	155,869
Purchases of property and equipment	(773)	(2,131)
Payments related to business combination	0	(179)
Net cash used in investing activities	(22,174)	(27,720)
Cash flows from financing activities:
Proceeds from exercise of share options	3,367	2,873
Proceeds from employee share purchase plan	3,499	3,253
Proceeds from employee equity transactions, net of payments to tax authorities	817	(495)
Net cash provided by financing activities	7,683	5,631
Effect of exchange rate changes on cash, cash equivalents and restricted cash	9	0
Net increase (decrease) in cash, cash equivalents, and restricted cash	1,099	(13,106)
Cash, cash equivalents, and restricted cash—beginning of period	45,607	68,540
Cash, cash equivalents, and restricted cash—end of period	$ 46,706	$ 55,434

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Cash Flows (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2023	Jun. 30, 2022
Reconciliation of cash, cash equivalents, and restricted cash within the condensed consolidated balance sheets to the amounts shown in the condensed consolidated statements of cash flows above:
Cash and cash equivalents	$ 46,694	$ 55,194
Restricted cash included in prepaid expenses and other current assets	12	13
Restricted cash included in other assets, noncurrent	0	227
Total cash, cash equivalents, and restricted cash	$ 46,706	$ 55,434

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Pay vs Performance Disclosure
Net Income (Loss)	$ (15,467)	$ (23,773)	$ (36,276)	$ (43,477)

Insider Trading Arrangements

Insider Trading Arrangements	6 Months Ended
	Jun. 30, 2023 shares
Trading Arrangements, by Individual
Material Terms of Trading Arrangement	Securities Trading Plans of Directors and Executive Officers During the three months ended June 30, 2023, the following directors, as defined in Rule 16a-1(f) of the Exchange Act, adopted a “Rule 10b5-1 trading arrangement” as defined in Item 408 of Regulation S-K, as follows: On May 12, 2023 , Mr. Frederic Simon , our Chief Data Scientist and member of our board of directors , adopted a Rule 10b5-1 trading arrangement providing for the sale from time to time of an aggregate of up to 870,000 ordinary shares. The trading arrangement is intended to satisfy the affirmative defense in Rule 10b5-1(c). The duration of the trading arrangement is until August 23, 2024 , or earlier if all transactions under the trading arrangement are completed. On May 9, 2023 , Ms. Elisa Steele , a member of our board of directors , adopted a Rule 10b5-1 trading arrangement providing for the sale, from time to time of an aggregate of up to 3,598 ordinary shares. The trading arrangement is intended to satisfy the affirmative defense in Rule 10b5-1(c). The duration of the trading arrangement is until May 9, 2024 , or earlier if all transactions under the trading arrangement are completed. No other officers or directors, as defined in Rule 16a-1(f), adopted or terminated a “ Rule 10b5-1 trading arrangement ” or a “ non-Rule 10b5-1 trading arrangement ,” each as defined in Item 408 of Regulation S-K, during the three months ended June 30, 2023.
Mr. Frederic Simon [Member]
Trading Arrangements, by Individual
Name	Mr. Frederic Simon
Title	Chief Data Scientist and member of our board of directors
Rule 10b5-1 Arrangement Adopted	true
Adoption Date	May 12, 2023
Termination Date	August 23, 2024
Aggregate Available	870,000
Ms. Elisa Steele [Member]
Trading Arrangements, by Individual
Name	Ms. Elisa Steele
Title	member of our board of directors
Rule 10b5-1 Arrangement Adopted	true
Adoption Date	May 9, 2023
Termination Date	May 9, 2024
Aggregate Available	3,598
Other Officers or Directors [Member]
Trading Arrangements, by Individual
Name	No
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

Organization and Description of

Organization and Description of Business	6 Months Ended
	Jun. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization and Description of Business	1. Organization an d Description of Business JFrog Ltd. (together with its subsidiaries, “JFrog”, or the “Company”) was incorporated under the laws of the State of Israel in 2008. JFrog provides an end-to-end, hybrid, universal DevOps Platform that powers and controls the software supply chain, enabling organizations to continuously and securely deliver software updates across any system. JFrog’s platform is the critical bridge between software development and deployment of that software, paving the way for the modern DevOps paradigm. The Company enables organizations to build and release software faster and more securely while empowering developers to be more efficient. The Company’s solutions are designed to run on-premise, in public or private clouds, or in hybrid environments.

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2023
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	2. Summary of Significant Accounting Policies Basis of Presentation The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”), and applicable rules and regulations of the Securities and Exchange Commission (“SEC”) regarding interim financial reporting, and include the accounts of JFrog Ltd. and its wholly owned subsidiaries. All intercompany balances and transactions have been eliminated in consolidation. The condensed consolidated balance sheet as of December 31, 2022 was derived from the audited consolidated financial statements as of that date, but does not include all of the disclosures, including certain notes required by GAAP on an annual reporting basis. Certain information and note disclosures normally included in the financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to such rules and regulations. Therefore, these unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and the related notes thereto as of and for the year ended December 31, 2022, included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2022 filed with the SEC on February 9, 2023. In management’s opinion, the unaudited condensed consolidated financial statements have been prepared on the same basis as the annual consolidated financial statements and reflect all adjustments, which include only normal recurring adjustments necessary for the fair presentation of the Company’s financial position as of June 30, 2023 and the Company’s consolidated results of operations and shareholders’ equity for the three and six months ended June 30, 2023 and 2022, and cash flows for the six months ended June 30, 2023 and 2022. The results for the three and six months ended June 30, 2023 are not necessarily indicative of the results to be expected for the full year ending December 31, 2023 or any other future interim or annual period. Use of Estimates The preparation of condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and the reported amounts of revenue and expenses during the reporting periods and accompanying notes. Significant items subject to such estimates and assumptions include, but are not limited to, the allocation of transaction price among various performance obligations, the estimated customer life on deferred contract acquisition costs, the allowance for credit losses, the fair value of financial assets and liabilities, including the fair value of derivatives, the fair value of acquired intangible assets and goodwill, the useful lives of acquired intangible assets and property and equipment, the incremental borrowing rate for operating leases, loss contingency, the fair value of share purchase rights granted under the Company’s employee share purchase plan, and the valuation of deferred tax assets and uncertain tax positions. The Company bases these estimates on historical and anticipated results, trends and various other assumptions that it believes are reasonable under the circumstances, including assumptions as to future events. Actual results could differ from those estimates. Significant Accounting Policies The Company’s significant accounting policies are discussed in Note 2, Summary of Significant Accounting Policies, in the Company’s Annual Report on Form 10-K for the year ended December 31, 2022. There have been no significant changes to these policies during the six months ended June 30, 2023 . Interest and Other Income, Net Interest and other income, net primarily consists of income earned on cash equivalents and short-term investments and foreign exchange gains and losses. Interest income was $ 5.1 million and $ 0.8 million for the three months ended June 30, 2023 and 2022 , respectively and $ 9.5 million and $ 1.2 million for the six months ended June 30, 2023 and 2022 , respectively. Foreign exchange gains (losses) were not material for the periods presented. Geographical Information Revenue by geographical region can be found in Note 3, Revenue Recognition . The following table presents the Company’s long-lived assets by geographic region, which consist of property and equipment, net and operating lease right-of-use assets: June 30, 2023 December 31, 2022 (in thousands) United States $ 9,925 $ 11,569 Israel 19,241 17,887 India 4,535 2,246 Rest of world 688 921 Total long-lived assets $ 34,389 $ 32,623

Revenue Recognition

Revenue Recognition	6 Months Ended
	Jun. 30, 2023
Revenue from Contract with Customer [Abstract]
Revenue Recognition	3. Revenue Recognition Disaggregation of Revenue The following table presents revenue by category: Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Amount Percentage Amount Percentage Amount Percentage Amount Percentage (in thousands, except percentages) Self-managed subscription $ 56,530 67 % $ 48,569 72 % $ 111,310 68 % $ 95,491 73 % Subscription 51,827 61 44,441 66 101,330 62 86,736 66 License 4,703 6 4,128 6 9,980 6 8,755 7 SaaS 27,640 33 19,238 28 52,680 32 36,012 27 Total subscription revenue $ 84,170 100 % $ 67,807 100 % $ 163,990 100 % $ 131,503 100 % The following table summarizes revenue by region based on the shipping address of customers: Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Amount Percentage Amount Percentage Amount Percentage Amount Percentage (in thousands, except percentages) United States $ 51,739 61 % $ 43,022 63 % $ 101,278 62 % $ 82,739 63 % Israel 2,231 3 1,712 3 4,274 3 3,335 3 Rest of world 30,200 36 23,073 34 58,438 35 45,429 34 Total subscription revenue $ 84,170 100 % $ 67,807 100 % $ 163,990 100 % $ 131,503 100 % Contract Balances Of the $ 178.4 million and $ 152.4 million of deferred revenue recorded as of March 31, 2023 and 2022, respectively, the Company recognized $ 64.8 million and $ 51.6 million as revenue during the three months ended June 30, 2023 and 2022 , respectively. Of the $ 175.7 million and $ 147.1 million of deferred revenue recorded as of December 31, 2022 and 2021, respectively, the Company recognized $ 111.8 million and $ 85.6 million as revenue during the six months ended June 30, 2023 and 2022, respectively. Remaining Performance Obligation The Company’s remaining performance obligations are comprised of product and service revenue not yet delivered. As of June 30, 2023 , the aggregate amount of the transaction price allocated to remaining performance obligations was $ 213.6 million, which consists of billed considerations of $ 184.4 million and unbilled considerations of $ 29.2 million, that the Company expects to recognize as revenue. As of June 30, 2023 , the Company expects to recognize 85 % of its remaining performance obligations as revenue over the next 12 months, and the remainder thereafter. Cost to Obtain a Contract Amortization of deferred contract acquisition costs was $ 2.4 million and $ 1.7 million for the three months ended June 30, 2023 and 2022 , respectively, and $ 4.6 million and $ 3.2 million for the six months ended June 30, 2023 and 2022 , respectively.

Short-Term Investments

Short-Term Investments	6 Months Ended
	Jun. 30, 2023
Investments, All Other Investments [Abstract]
Short-Term Investments	4. Short-Term Investments Short-term investments consisted of the following: June 30, 2023 Amortized Gross Gross Estimated (in thousands) Bank deposits $ 105,205 $ — $ — $ 105,205 Certificates of deposit 2,456 — ( 54 ) 2,402 Commercial paper 33,900 — ( 67 ) 33,833 Corporate debt securities 130,162 64 ( 956 ) 129,270 Municipal securities 35,421 — ( 208 ) 35,213 Government and agency debt 117,929 — ( 752 ) 117,177 Marketable securities 319,868 64 ( 2,037 ) 317,895 Total short-term investments $ 425,073 $ 64 $ ( 2,037 ) $ 423,100 December 31, 2022 Amortized Gross Gross Estimated (in thousands) Bank deposits $ 96,034 $ — $ — $ 96,034 Certificates of deposit 2,204 — ( 51 ) 2,153 Commercial paper 38,164 2 ( 137 ) 38,029 Corporate debt securities 137,191 41 ( 859 ) 136,373 Municipal securities 38,543 23 ( 222 ) 38,344 Government and agency debt 87,149 7 ( 484 ) 86,672 Marketable securities 303,251 73 ( 1,753 ) 301,571 Total short-term investments $ 399,285 $ 73 $ ( 1,753 ) $ 397,605 The following table summarizes the Company’s marketable securities by contractual maturities: June 30, 2023 (in thousands) Due in 1 year or less $ 249,687 Due in 1 year through 2 years 68,208 Total $ 317,895 The following table presents fair value and gross unrealized losses of the Company’s marketable securities that have been in a continuous loss position, aggregated by length of time: June 30, 2023 Less Than 12 Months 12 Months or Greater Total Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses (in thousands) Certificates of deposit $ 497 $ ( 8 ) $ 1,905 $ ( 46 ) $ 2,402 $ ( 54 ) Commercial paper 33,833 ( 67 ) — — 33,833 ( 67 ) Corporate debt securities 110,367 ( 869 ) 6,923 ( 87 ) 117,290 ( 956 ) Municipal securities 26,500 ( 187 ) 2,999 ( 21 ) 29,499 ( 208 ) Government and agency debt 106,165 ( 718 ) 5,512 ( 34 ) 111,677 ( 752 ) Total $ 277,362 $ ( 1,849 ) $ 17,339 $ ( 188 ) $ 294,701 $ ( 2,037 ) December 31, 2022 Less Than 12 Months 12 Months or Greater Total Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses (in thousands) Certificates of deposit $ 2,153 $ ( 51 ) $ — $ — $ 2,153 $ ( 51 ) Commercial paper 31,838 ( 137 ) — — 31,838 ( 137 ) Corporate debt securities 123,540 ( 859 ) — — 123,540 ( 859 ) Municipal securities 25,336 ( 222 ) — — 25,336 ( 222 ) Government and agency debt 71,781 ( 484 ) — — 71,781 ( 484 ) Total $ 254,648 $ ( 1,753 ) $ — $ — $ 254,648 $ ( 1,753 ) As of June 30, 2023 and December 31, 2022 , the unrealized losses related to marketable securities were determined to be not due to credit related losses. Therefore, the Company did no t recognize an allowance for credit losses. See Note 12, Accumulated Other Comprehensive Income (Loss) , for the realized gains or losses from available-for-sale marketable securities that were reclassified out of accumulated other comprehensive income (loss) (“AOCI”) during the periods presented.

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 30, 2023
Fair Value Disclosures [Abstract]
Fair Value Measurements	5. Fair Value Measurements The following table presents information about the Company’s financial instruments that are measured at fair value on a recurring basis: June 30, 2023 Fair Value Level 1 Level 2 (in thousands) Financial Assets: Money market funds $ 19,569 $ 19,569 $ — Commercial paper 993 — 993 Cash equivalents 20,562 19,569 993 Bank deposits 105,205 — 105,205 Certificates of deposit 2,402 — 2,402 Commercial paper 33,833 — 33,833 Corporate debt securities 129,270 — 129,270 Municipal securities 35,213 — 35,213 Government and agency debt 117,177 — 117,177 Short-term investments 423,100 — 423,100 Foreign currency contracts designated as hedging instruments included in prepaid expenses and other current assets 34 — 34 Foreign currency contracts not designated as hedging instruments included in prepaid expenses and other current assets 251 — 251 Restricted bank deposits included in prepaid expenses and other current assets 12 — 12 Total financial assets $ 443,959 $ 19,569 $ 424,390 Financial Liabilities: Foreign currency contracts designated as hedging instruments included in accrued expenses and other current liabilities $ 1,524 $ — $ 1,524 Foreign currency contracts not designated as hedging instruments included in accrued expenses and other current liabilities 505 — 505 Total financial liabilities $ 2,029 $ — $ 2,029 December 31, 2022 Fair Value Level 1 Level 2 (in thousands) Financial Assets: Money market funds $ 9,562 $ 9,562 $ — Cash equivalents 9,562 9,562 — Bank deposits 96,034 — 96,034 Certificates of deposit 2,153 — 2,153 Commercial paper 38,029 — 38,029 Corporate debt securities 136,373 — 136,373 Municipal securities 38,344 — 38,344 Government and agency debt 86,672 — 86,672 Short-term investments 397,605 — 397,605 Foreign currency contracts designated as hedging instruments included in prepaid expenses and other current assets 20 — 20 Foreign currency contracts not designated as hedging instruments included in prepaid expenses and other current assets 21 — 21 Restricted bank deposits included in prepaid expenses and other current assets 12 — 12 Total financial assets $ 407,220 $ 9,562 $ 397,658 Financial Liabilities: Foreign currency contracts designated as hedging instruments included in accrued expenses and other current liabilities $ 1,098 $ — $ 1,098 Foreign currency contracts not designated as hedging instruments included in accrued expenses and other current liabilities 379 — 379 Total financial liabilities $ 1,477 $ — $ 1,477 The Company classifies its money market fund within Level 1 of the fair value hierarchy because they are valued based on quoted market prices in active markets. The Company classifies its bank deposits, certificates of deposit, commercial paper, corporate debt securities, municipal securities, government and agency debt, and derivative financial instruments within Level 2 because they are valued using inputs other than quoted prices which are directly or indirectly observable in the market, including readily-available pricing sources for the identical underlying security which may not be actively traded. As of June 30, 2023 and December 31, 2022 , the Company did no t have any assets or liabilities valued based on Level 3 valuations.

Derivative Financial Instrument

Derivative Financial Instruments and Hedging	6 Months Ended
	Jun. 30, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Financial Instruments and Hedging	6. Derivative Financial Instruments and Hedging The Company enters into foreign currency forward and option contracts with financial institutions to protect against foreign exchange risks, mainly the exposure to changes in the exchange rate of the New Israeli Shekel (“NIS”) against the U.S. dollar that are associated with forecasted future cash flows and certain existing assets and liabilities for up to twelve months. The Company’s primary objective in entering into these contracts is to reduce the volatility of earnings and cash flows associated with changes in foreign currency exchange rates. The Company does not use derivative instruments for trading or speculative purposes. Notional Amount of Foreign Currency Contracts The notional amounts of outstanding foreign currency contracts in U.S. dollar as of the periods presented were as follows: June 30, 2023 December 31, 2022 (in thousands) Derivatives Designated as Hedging Instruments: Foreign currency contracts $ 54,903 $ 42,854 Derivatives Not Designated as Hedging Instruments: Foreign currency contracts 21,963 17,555 Total derivative instruments $ 76,866 $ 60,409 Effect of Foreign Currency Contracts on the Condensed Consolidated Statements of Operations Derivative instruments that hedge the exposure to variability in expected future cash flows are designated as cash flow hedges. The Company records changes in the fair value of these derivatives in AOCI in the Condensed Consolidated Balance Sheets, until the forecasted transaction occurs. Upon occurrence, the Company reclassifies the related gains or losses on the derivative to the same financial statement line item in the Condensed Consolidated Statements of Operations to which the derivative relates. In case the Company discontinues cash flow hedges, it records the related amount in interest and other income, net, on the Condensed Consolidated Statements of Operations. Derivative instruments that hedge the exposure to variability in the fair value of assets or liabilities are currently not designated as hedges for financial reporting purposes. The Company records changes in the fair value of these derivatives in interest and other income, net in the Condensed Consolidated Statements of Operations. The losses on foreign currency contracts were presented on the Condensed Consolidated Statements of Operations during the periods presented as follows: Derivatives Designated as Hedging Instruments Derivatives Not Designated as Hedging Instruments Three Months Ended June 30, Six Months Ended June 30, Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 2023 2022 2023 2022 Condensed Statement of Operations Location: (in thousands) Cost of revenue: subscription–self-managed and SaaS $ ( 94 ) $ ( 121 ) $ ( 181 ) $ ( 127 ) $ — $ — $ — $ — Research and development ( 805 ) ( 854 ) ( 1,493 ) ( 909 ) — — — — Sales and marketing ( 188 ) ( 191 ) ( 340 ) ( 202 ) — — — — General and administrative ( 215 ) ( 235 ) ( 396 ) ( 250 ) — — — — Interest and other income, net — — — 8 ( 414 ) ( 422 ) ( 819 ) ( 400 ) Total losses recognized in earnings $ ( 1,302 ) $ ( 1,401 ) $ ( 2,410 ) $ ( 1,480 ) $ ( 414 ) $ ( 422 ) $ ( 819 ) $ ( 400 ) Effect of Foreign Currency Contracts on Accumulated Other Comprehensive Income Net unrealized gains (losses) of foreign currency contracts designated as hedging instruments, net of tax, are recorded in AOCI. See Note 12, Accumulated Other Comprehensive Income (Loss) , for the effect on other comprehensive income (loss) and the reclassification out of AOCI during the periods presented. All of net deferred losses in AOCI as of June 30, 2023 are expected to be recognized as operating expenses in the same financial statement line item in the Condensed Consolidated Statements of Operations to which the derivative relates over the next twelve months.

Condensed Consolidated Balanc_3

Condensed Consolidated Balance Sheet Components	6 Months Ended
	Jun. 30, 2023
Balance Sheet Related Disclosures [Abstract]
Condensed Consolidated Balance Sheet Components	7. Condensed Consolidated Balance Sheet Components Property and Equipment, Net Property and equipment, net consisted of the following: June 30, 2023 December 31, 2022 (in thousands) Computer and software $ 8,830 $ 8,330 Furniture and office equipment 3,026 2,802 Leasehold improvements 5,780 5,748 Property and equipment, gross 17,636 16,880 Less: accumulated depreciation and amortization ( 10,608 ) ( 8,859 ) Property and equipment, net $ 7,028 $ 8,021 Accrued Expenses and Other Current Liabilities Accrued expenses and other current liabilities consisted of the following: June 30, 2023 December 31, 2022 (in thousands) Accrued compensation and benefits $ 20,717 $ 20,892 Accrued expenses 11,007 7,956 Accrued expenses and other current liabilities $ 31,724 $ 28,848

Intangible Assets, Net

Intangible Assets, Net	6 Months Ended
	Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets, Net	8. Intangible Assets, Net Intangible assets consisted of the following as of June 30, 2023: Gross Carrying Accumulated Net Carrying Weighted- (in thousands) (in years) Developed technology $ 50,347 $ ( 22,644 ) $ 27,703 2.8 Customer relationships 5,541 ( 2,313 ) 3,228 3.6 Other intangible assets 1,132 ( 445 ) 687 1.4 Total $ 57,020 $ ( 25,402 ) $ 31,618 Intangible assets consisted of the following as of December 31, 2022: Gross Carrying Accumulated Net Carrying Weighted- (in thousands) (in years) Developed technology $ 50,347 $ ( 17,434 ) $ 32,913 3.3 Customer relationships 5,541 ( 1,840 ) 3,701 4.1 Other intangible assets 1,132 ( 202 ) 930 1.9 Total $ 57,020 $ ( 19,476 ) $ 37,544 Amortization expenses for intangible assets were $ 3.0 million and $ 2.8 million for the three months ended June 30, 2023 and 2022 , respectively, and $ 5.9 million and $ 5.7 million for the six months ended June 30, 2023 and 2022, respectively. The expected future amortization expenses by year related to the intangible assets as of June 30, 2023 are as follows: June 30, 2023 (in thousands) Year Ending December 31, 2023 (Remainder) $ 5,850 2024 11,034 2025 9,110 2026 5,241 2027 383 Total $ 31,618

Leases

Leases	6 Months Ended
	Jun. 30, 2023
Leases [Abstract]
Leases	9. Leases The Company has entered into non-cancelable lease agreements for its offices with lease periods expiring at various dates through March 2028. Components of operating lease expense were as follows: Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 (in thousands) Operating lease cost $ 2,312 $ 1,891 $ 4,493 $ 3,751 Short-term lease cost 202 167 314 255 Variable lease cost 110 100 206 192 Total operating lease cost $ 2,624 $ 2,158 $ 5,013 $ 4,198 Supplementary cash flow information related to operating leases was as follows: Six Months Ended June 30, 2023 2022 (in thousands) Cash paid for operating leases $ 4,119 $ 3,770 ROU assets obtained in exchange for new operating lease liabilities $ 2,867 $ 1,236 Adjustment to ROU assets upon modification of existing lease $ 4,037 $ 1,952 As of June 30, 2023 , the weighted-average discount rate is 3.2 % and the weighted-average remaining term is 3.3 years. Maturities of the Company’s operating lease liabilities as of June 30, 2023 were as follows: June 30, 2023 (in thousands) Year Ending December 31, 2023 (Remainder) $ 4,438 2024 8,884 2025 8,116 2026 4,829 2027 1,627 Thereafter 156 Total operating lease payments 28,050 Less: imputed interest ( 1,537 ) Total operating lease liabilities $ 26,513

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	10. Commitments and Contingencies Non-cancelable Purchase Obligations In the normal course of business, the Company enters into non-cancelable purchase commitments with various parties mainly for hosting services, as well as software products and services. As of June 30, 2023, the Company had outstanding non-cancelable purchase obligations with a term of 12 months or longer as follows: June 30, 2023 (in thousands) Year Ending December 31, 2023 (Remainder) $ 1,786 2024 20,528 2025 21,854 2026 108 Total $ 44,276 Indemnifications and Contingencies The Company enters into indemnification provisions under certain agreements with other parties in the ordinary course of business. In its customer agreements, the Company has agreed to indemnify, defend and hold harmless the indemnified party for third party claims and related losses suffered or incurred by the indemnified party from actual or threatened third-party intellectual property infringement claims. For certain large or strategic customers, the Company has agreed to indemnify, defend and hold harmless the indemnified party for certain additional matters including but not limited to non-compliance with certain representations and warranties made by the Company. Grants from Israeli Innovation Authority The Company has received in the past grants from the Israeli Innovation Authority (“IIA”) and repaid them in full. Still, as any grant recipient, the Company is subject to the provisions of the Israeli Law for the Encouragement of Research, Development and Technological Innovation in the Industry and the regulations and guidelines thereunder (the “Innovation Law”). Pursuant to the Innovation Law, there are restrictions related to transferring intellectual property outside of Israel. Such transfer requires the approval from the IIA. The approval may be subject to a maximum additional payment amount of approximately $ 6.0 million. In the past, the Company received an approval from the IIA to perform a limited development of IIA funded know-how outside of Israel , subject to the terms specified in the IIA approval, including that all of its core R&D activities will remain in Israel. Legal Proceedings In the ordinary course of business, the Co mpany may be subject from time to time to various proceedings, lawsuits, disputes, or claims. The Company investigates these claims as they arise. Although claims are inherently unpredictable, the Company is currently not aware of any matters that, if determined adversely to the Company, would individually or taken together, have a material adverse effect on its business, financial position, results of operations, or cash flows.

Shareholders' Equity and Equity

Shareholders' Equity and Equity Incentive Plans	6 Months Ended
	Jun. 30, 2023
Equity [Abstract]
Shareholders' Equity and Equity Incentive Plans	11. Shareholders’ Equity and Equity Incentive Plans Equity Incentive Plans Effective January 1, 2023 , the number of ordinary shares authorized for issuance under the 2020 Equity Incentive Plan (the “2020 Plan”) automatically increased by 5,819,265 shares pursuant to the terms of the 2020 Plan. Share Options A summary of share option activity under the Company’s equity incentive plans and related information is as follows: Options Outstanding Outstanding Weighted-Average Exercise Weighted-Average Remaining Aggregate (in thousands, except share, life and per share data) Balance as of December 31, 2022 7,205,324 $ 7.88 5.4 $ 101,334 Exercised ( 907,636 ) $ 3.71 $ 17,244 Forfeited ( 95,011 ) $ 13.75 Balance as of June 30, 2023 6,202,677 $ 8.40 5.0 $ 121,590 Exercisable as of June 30, 2023 4,950,498 $ 6.33 4.6 $ 106,673 Restricted Share Units A summary of restricted share units (“RSU”) activity under the Company's equity incentive plan and related information is as follows, including RSUs with a market-based condition for which the fair value was determined using a Monte Carlo simulation model: RSUs Unvested RSUs Weighted-Average Unvested as of December 31, 2022 7,981,147 $ 26.90 Granted 2,666,187 $ 21.45 Vested ( 1,597,226 ) $ 26.20 Forfeited ( 657,012 ) $ 25.53 Unvested as of June 30, 2023 8,393,096 $ 25.41 The total release date fair value of RSUs was $ 37.9 million during the six months ended June 30, 2023. Employee Share Purchase Plan Effective January 1, 2023 , the number of ordinary shares authorized for issuance under the 2020 Employee Share Purchase Plan (“ESPP”) automatically increased by 1,009,633 shares pursuant to the terms of ESPP. Shares Reserved for Future Issuance The Company has the following ordinary shares reserved for future issuance: June 30, 2023 Outstanding share options 6,202,677 Outstanding RSUs 8,393,096 Issuable ordinary shares related to business combinations 55,466 Shares available for future issuance under the 2020 Plan 17,014,187 Shares available for future issuance under ESPP 4,443,395 Total ordinary shares reserved 36,108,821 Share-Based Compensation The share-based compensation expense by line item in the accompanying condensed consolidated statements of operations is summarized as follows: Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 (in thousands) Cost of revenue: subscription–self-managed and SaaS $ 2,019 $ 1,613 $ 4,215 $ 2,919 Research and development 7,798 5,330 14,970 10,462 Sales and marketing 6,740 4,792 13,213 9,547 General and administrative 4,765 3,342 8,836 6,223 Total share-based compensation expense $ 21,322 $ 15,077 $ 41,234 $ 29,151 As of June 30, 2023 , unrecognized share-based compensation cost related to unvested share-based compensation awards was $ 212.4 million, which is expected to be recognized over a weighted-average period of 2.9 years.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	6 Months Ended
	Jun. 30, 2023
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Accumulated Other Comprehensive Income (Loss)	12. Accumulated Other Comprehensive Income (Loss) The following table summarizes the changes in AOCI by component, net of tax, during the periods presented: Net Unrealized Net Unrealized Total (in thousands) Balance as of December 31, 2022 $ ( 1,694 ) $ ( 1,078 ) $ ( 2,772 ) Other comprehensive loss before reclassifications ( 455 ) ( 2,822 ) ( 3,277 ) Net realized losses reclassified from AOCI 162 2,410 2,572 Other comprehensive loss ( 293 ) ( 412 ) ( 705 ) Balance as of June 30, 2023 $ ( 1,987 ) $ ( 1,490 ) $ ( 3,477 ) Net Unrealized Net Unrealized Total (in thousands) Balance as of December 31, 2021 $ ( 264 ) $ 875 $ 611 Other comprehensive loss before reclassifications ( 908 ) ( 5,528 ) ( 6,436 ) Net realized losses (gains) reclassified from AOCI ( 1 ) 1,480 1,479 Other comprehensive loss ( 909 ) ( 4,048 ) ( 4,957 ) Balance as of June 30, 2022 $ ( 1,173 ) $ ( 3,173 ) $ ( 4,346 )

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2023
Income Tax Disclosure [Abstract]
Income Taxes	13. Income Taxes The Company’s quarterly tax provision and estimates of its annual effective tax rate are subject to variation due to several factors, including variability in pre-tax income (or loss), the mix of jurisdictions to which such income relates, tax law developments, as well as non-deductible expenses, such as share-based compensation, and changes in its valuation allowance. Income tax expense was $ 1.5 million and $ 1.9 million for the three months ended June 30, 2023 and 2022 , respectively, and $ 3.0 million and $ 2.7 million for the six months ended June 30, 2023 and 2022, respectively. The income tax expense for the periods consisted primarily of income taxes related to the Company’s U.S. operations. A valuation allowance is provided when it is more likely than not that the deferred tax assets will not be realized. Based on the available objective evidence during six months ended June 30, 2023, the Company believes it is more likely than not that the tax benefits of the Company’s losses incurred in Israel may not be realized. Gross unrecognized tax benefits were $ 4.8 million as of June 30, 2023 and December 31, 2022. As of June 30, 2023 , the Company does not expect its unrecognized tax benefits to change significantly within the next twelve months.

Net Loss Per Share

Net Loss Per Share	6 Months Ended
	Jun. 30, 2023
Earnings Per Share [Abstract]
Net Loss Per Share	14. Net Loss Per Share The following table sets forth the computation of basic and diluted net loss per share for the periods presented: Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 (in thousands, except share and per share data) Numerator: Net loss $ ( 15,467 ) $ ( 23,773 ) $ ( 36,276 ) $ ( 43,477 ) Denominator: Weighted-average shares used in computing net loss per share, basic and diluted 102,512,578 98,955,711 101,890,022 98,422,723 Net loss per share, basic and diluted $ ( 0.15 ) $ ( 0.24 ) $ ( 0.36 ) $ ( 0.44 ) The potential shares of ordinary shares that were excluded from the computation of diluted net loss per share for the periods presented because including them would have been anti-dilutive are as follows: Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Outstanding share options 6,504,444 8,362,407 6,763,415 8,851,537 Unvested RSUs 8,467,120 5,023,261 8,260,848 4,372,362 Share purchase rights under the ESPP 184,891 119,669 191,078 130,185 Issuable ordinary shares related to business combination 55,466 110,932 55,466 126,638 Total 15,211,921 13,616,269 15,270,807 13,480,722

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2023
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”), and applicable rules and regulations of the Securities and Exchange Commission (“SEC”) regarding interim financial reporting, and include the accounts of JFrog Ltd. and its wholly owned subsidiaries. All intercompany balances and transactions have been eliminated in consolidation. The condensed consolidated balance sheet as of December 31, 2022 was derived from the audited consolidated financial statements as of that date, but does not include all of the disclosures, including certain notes required by GAAP on an annual reporting basis. Certain information and note disclosures normally included in the financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to such rules and regulations. Therefore, these unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and the related notes thereto as of and for the year ended December 31, 2022, included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2022 filed with the SEC on February 9, 2023. In management’s opinion, the unaudited condensed consolidated financial statements have been prepared on the same basis as the annual consolidated financial statements and reflect all adjustments, which include only normal recurring adjustments necessary for the fair presentation of the Company’s financial position as of June 30, 2023 and the Company’s consolidated results of operations and shareholders’ equity for the three and six months ended June 30, 2023 and 2022, and cash flows for the six months ended June 30, 2023 and 2022. The results for the three and six months ended June 30, 2023 are not necessarily indicative of the results to be expected for the full year ending December 31, 2023 or any other future interim or annual period.
Use of Estimates	Use of Estimates The preparation of condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and the reported amounts of revenue and expenses during the reporting periods and accompanying notes. Significant items subject to such estimates and assumptions include, but are not limited to, the allocation of transaction price among various performance obligations, the estimated customer life on deferred contract acquisition costs, the allowance for credit losses, the fair value of financial assets and liabilities, including the fair value of derivatives, the fair value of acquired intangible assets and goodwill, the useful lives of acquired intangible assets and property and equipment, the incremental borrowing rate for operating leases, loss contingency, the fair value of share purchase rights granted under the Company’s employee share purchase plan, and the valuation of deferred tax assets and uncertain tax positions. The Company bases these estimates on historical and anticipated results, trends and various other assumptions that it believes are reasonable under the circumstances, including assumptions as to future events. Actual results could differ from those estimates.
Significant Accounting Policies	Significant Accounting Policies The Company’s significant accounting policies are discussed in Note 2, Summary of Significant Accounting Policies, in the Company’s Annual Report on Form 10-K for the year ended December 31, 2022. There have been no significant changes to these policies during the six months ended June 30, 2023 .
Fair Value Measurements	The Company classifies its money market fund within Level 1 of the fair value hierarchy because they are valued based on quoted market prices in active markets. The Company classifies its bank deposits, certificates of deposit, commercial paper, corporate debt securities, municipal securities, government and agency debt, and derivative financial instruments within Level 2 because they are valued using inputs other than quoted prices which are directly or indirectly observable in the market, including readily-available pricing sources for the identical underlying security which may not be actively traded. As of June 30, 2023 and December 31, 2022 , the Company did no t have any assets or liabilities valued based on Level 3 valuations.
Effect of Foreign Currency Contracts on the Condensed Consolidated Statements of Operations	Effect of Foreign Currency Contracts on the Condensed Consolidated Statements of Operations Derivative instruments that hedge the exposure to variability in expected future cash flows are designated as cash flow hedges. The Company records changes in the fair value of these derivatives in AOCI in the Condensed Consolidated Balance Sheets, until the forecasted transaction occurs. Upon occurrence, the Company reclassifies the related gains or losses on the derivative to the same financial statement line item in the Condensed Consolidated Statements of Operations to which the derivative relates. In case the Company discontinues cash flow hedges, it records the related amount in interest and other income, net, on the Condensed Consolidated Statements of Operations. Derivative instruments that hedge the exposure to variability in the fair value of assets or liabilities are currently not designated as hedges for financial reporting purposes. The Company records changes in the fair value of these derivatives in interest and other income, net in the Condensed Consolidated Statements of Operations.
Interest and Other Income, Net	Interest and Other Income, Net Interest and other income, net primarily consists of income earned on cash equivalents and short-term investments and foreign exchange gains and losses. Interest income was $ 5.1 million and $ 0.8 million for the three months ended June 30, 2023 and 2022 , respectively and $ 9.5 million and $ 1.2 million for the six months ended June 30, 2023 and 2022 , respectively. Foreign exchange gains (losses) were not material for the periods presented.
Geographical Information	Geographical Information Revenue by geographical region can be found in Note 3, Revenue Recognition . The following table presents the Company’s long-lived assets by geographic region, which consist of property and equipment, net and operating lease right-of-use assets: June 30, 2023 December 31, 2022 (in thousands) United States $ 9,925 $ 11,569 Israel 19,241 17,887 India 4,535 2,246 Rest of world 688 921 Total long-lived assets $ 34,389 $ 32,623

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	6 Months Ended
	Jun. 30, 2023
Accounting Policies [Abstract]
Summary of Long Lived Assets by Geographic Region	The following table presents the Company’s long-lived assets by geographic region, which consist of property and equipment, net and operating lease right-of-use assets: June 30, 2023 December 31, 2022 (in thousands) United States $ 9,925 $ 11,569 Israel 19,241 17,887 India 4,535 2,246 Rest of world 688 921 Total long-lived assets $ 34,389 $ 32,623

Revenue Recognition (Tables)

Revenue Recognition (Tables)	6 Months Ended
	Jun. 30, 2023
Revenue from Contract with Customer [Abstract]
Summary of Table Presents Revenue as Follows	The following table presents revenue by category: Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Amount Percentage Amount Percentage Amount Percentage Amount Percentage (in thousands, except percentages) Self-managed subscription $ 56,530 67 % $ 48,569 72 % $ 111,310 68 % $ 95,491 73 % Subscription 51,827 61 44,441 66 101,330 62 86,736 66 License 4,703 6 4,128 6 9,980 6 8,755 7 SaaS 27,640 33 19,238 28 52,680 32 36,012 27 Total subscription revenue $ 84,170 100 % $ 67,807 100 % $ 163,990 100 % $ 131,503 100 %
Summary of Table by Region Based on the Shipping Address of Customers	The following table summarizes revenue by region based on the shipping address of customers: Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Amount Percentage Amount Percentage Amount Percentage Amount Percentage (in thousands, except percentages) United States $ 51,739 61 % $ 43,022 63 % $ 101,278 62 % $ 82,739 63 % Israel 2,231 3 1,712 3 4,274 3 3,335 3 Rest of world 30,200 36 23,073 34 58,438 35 45,429 34 Total subscription revenue $ 84,170 100 % $ 67,807 100 % $ 163,990 100 % $ 131,503 100 %

Short-Term Investments (Tables)

Short-Term Investments (Tables)	6 Months Ended
	Jun. 30, 2023
Investments, All Other Investments [Abstract]
Summary of Short Term Investments	Short-term investments consisted of the following: June 30, 2023 Amortized Gross Gross Estimated (in thousands) Bank deposits $ 105,205 $ — $ — $ 105,205 Certificates of deposit 2,456 — ( 54 ) 2,402 Commercial paper 33,900 — ( 67 ) 33,833 Corporate debt securities 130,162 64 ( 956 ) 129,270 Municipal securities 35,421 — ( 208 ) 35,213 Government and agency debt 117,929 — ( 752 ) 117,177 Marketable securities 319,868 64 ( 2,037 ) 317,895 Total short-term investments $ 425,073 $ 64 $ ( 2,037 ) $ 423,100 December 31, 2022 Amortized Gross Gross Estimated (in thousands) Bank deposits $ 96,034 $ — $ — $ 96,034 Certificates of deposit 2,204 — ( 51 ) 2,153 Commercial paper 38,164 2 ( 137 ) 38,029 Corporate debt securities 137,191 41 ( 859 ) 136,373 Municipal securities 38,543 23 ( 222 ) 38,344 Government and agency debt 87,149 7 ( 484 ) 86,672 Marketable securities 303,251 73 ( 1,753 ) 301,571 Total short-term investments $ 399,285 $ 73 $ ( 1,753 ) $ 397,605
Summary of Company's Marketable Securities by Contractual Maturities	The following table summarizes the Company’s marketable securities by contractual maturities: June 30, 2023 (in thousands) Due in 1 year or less $ 249,687 Due in 1 year through 2 years 68,208 Total $ 317,895
Summary of Presents Fair Value and Gross Unrealized Losses of the Company's Marketable Securities	The following table presents fair value and gross unrealized losses of the Company’s marketable securities that have been in a continuous loss position, aggregated by length of time: June 30, 2023 Less Than 12 Months 12 Months or Greater Total Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses (in thousands) Certificates of deposit $ 497 $ ( 8 ) $ 1,905 $ ( 46 ) $ 2,402 $ ( 54 ) Commercial paper 33,833 ( 67 ) — — 33,833 ( 67 ) Corporate debt securities 110,367 ( 869 ) 6,923 ( 87 ) 117,290 ( 956 ) Municipal securities 26,500 ( 187 ) 2,999 ( 21 ) 29,499 ( 208 ) Government and agency debt 106,165 ( 718 ) 5,512 ( 34 ) 111,677 ( 752 ) Total $ 277,362 $ ( 1,849 ) $ 17,339 $ ( 188 ) $ 294,701 $ ( 2,037 ) December 31, 2022 Less Than 12 Months 12 Months or Greater Total Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses (in thousands) Certificates of deposit $ 2,153 $ ( 51 ) $ — $ — $ 2,153 $ ( 51 ) Commercial paper 31,838 ( 137 ) — — 31,838 ( 137 ) Corporate debt securities 123,540 ( 859 ) — — 123,540 ( 859 ) Municipal securities 25,336 ( 222 ) — — 25,336 ( 222 ) Government and agency debt 71,781 ( 484 ) — — 71,781 ( 484 ) Total $ 254,648 $ ( 1,753 ) $ — $ — $ 254,648 $ ( 1,753 )

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2023
Fair Value Disclosures [Abstract]
Summary of Fair Value by Balance Sheet Grouping	The following table presents information about the Company’s financial instruments that are measured at fair value on a recurring basis: June 30, 2023 Fair Value Level 1 Level 2 (in thousands) Financial Assets: Money market funds $ 19,569 $ 19,569 $ — Commercial paper 993 — 993 Cash equivalents 20,562 19,569 993 Bank deposits 105,205 — 105,205 Certificates of deposit 2,402 — 2,402 Commercial paper 33,833 — 33,833 Corporate debt securities 129,270 — 129,270 Municipal securities 35,213 — 35,213 Government and agency debt 117,177 — 117,177 Short-term investments 423,100 — 423,100 Foreign currency contracts designated as hedging instruments included in prepaid expenses and other current assets 34 — 34 Foreign currency contracts not designated as hedging instruments included in prepaid expenses and other current assets 251 — 251 Restricted bank deposits included in prepaid expenses and other current assets 12 — 12 Total financial assets $ 443,959 $ 19,569 $ 424,390 Financial Liabilities: Foreign currency contracts designated as hedging instruments included in accrued expenses and other current liabilities $ 1,524 $ — $ 1,524 Foreign currency contracts not designated as hedging instruments included in accrued expenses and other current liabilities 505 — 505 Total financial liabilities $ 2,029 $ — $ 2,029 December 31, 2022 Fair Value Level 1 Level 2 (in thousands) Financial Assets: Money market funds $ 9,562 $ 9,562 $ — Cash equivalents 9,562 9,562 — Bank deposits 96,034 — 96,034 Certificates of deposit 2,153 — 2,153 Commercial paper 38,029 — 38,029 Corporate debt securities 136,373 — 136,373 Municipal securities 38,344 — 38,344 Government and agency debt 86,672 — 86,672 Short-term investments 397,605 — 397,605 Foreign currency contracts designated as hedging instruments included in prepaid expenses and other current assets 20 — 20 Foreign currency contracts not designated as hedging instruments included in prepaid expenses and other current assets 21 — 21 Restricted bank deposits included in prepaid expenses and other current assets 12 — 12 Total financial assets $ 407,220 $ 9,562 $ 397,658 Financial Liabilities: Foreign currency contracts designated as hedging instruments included in accrued expenses and other current liabilities $ 1,098 $ — $ 1,098 Foreign currency contracts not designated as hedging instruments included in accrued expenses and other current liabilities 379 — 379 Total financial liabilities $ 1,477 $ — $ 1,477

Derivative Financial Instrume_2

Derivative Financial Instruments and Hedging (Tables)	6 Months Ended
	Jun. 30, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Disclosure of Notional Amount of Derivatives by Hedging Designation	The notional amounts of outstanding foreign currency contracts in U.S. dollar as of the periods presented were as follows: June 30, 2023 December 31, 2022 (in thousands) Derivatives Designated as Hedging Instruments: Foreign currency contracts $ 54,903 $ 42,854 Derivatives Not Designated as Hedging Instruments: Foreign currency contracts 21,963 17,555 Total derivative instruments $ 76,866 $ 60,409
Derivative Instruments, Gain (Loss)	The losses on foreign currency contracts were presented on the Condensed Consolidated Statements of Operations during the periods presented as follows: Derivatives Designated as Hedging Instruments Derivatives Not Designated as Hedging Instruments Three Months Ended June 30, Six Months Ended June 30, Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 2023 2022 2023 2022 Condensed Statement of Operations Location: (in thousands) Cost of revenue: subscription–self-managed and SaaS $ ( 94 ) $ ( 121 ) $ ( 181 ) $ ( 127 ) $ — $ — $ — $ — Research and development ( 805 ) ( 854 ) ( 1,493 ) ( 909 ) — — — — Sales and marketing ( 188 ) ( 191 ) ( 340 ) ( 202 ) — — — — General and administrative ( 215 ) ( 235 ) ( 396 ) ( 250 ) — — — — Interest and other income, net — — — 8 ( 414 ) ( 422 ) ( 819 ) ( 400 ) Total losses recognized in earnings $ ( 1,302 ) $ ( 1,401 ) $ ( 2,410 ) $ ( 1,480 ) $ ( 414 ) $ ( 422 ) $ ( 819 ) $ ( 400 )

Condensed Consolidated Balanc_4

Condensed Consolidated Balance Sheet Components (Tables)	6 Months Ended
	Jun. 30, 2023
Balance Sheet Related Disclosures [Abstract]
Summary of Property and Equipment	Property and equipment, net consisted of the following: June 30, 2023 December 31, 2022 (in thousands) Computer and software $ 8,830 $ 8,330 Furniture and office equipment 3,026 2,802 Leasehold improvements 5,780 5,748 Property and equipment, gross 17,636 16,880 Less: accumulated depreciation and amortization ( 10,608 ) ( 8,859 ) Property and equipment, net $ 7,028 $ 8,021
Summary of Accrued Expenses and Other Current Liabilities	Accrued expenses and other current liabilities consisted of the following: June 30, 2023 December 31, 2022 (in thousands) Accrued compensation and benefits $ 20,717 $ 20,892 Accrued expenses 11,007 7,956 Accrued expenses and other current liabilities $ 31,724 $ 28,848

Intangible Assets, Net (Tables)

Intangible Assets, Net (Tables)	6 Months Ended
	Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Summary of intangible assets	Intangible assets consisted of the following as of June 30, 2023: Gross Carrying Accumulated Net Carrying Weighted- (in thousands) (in years) Developed technology $ 50,347 $ ( 22,644 ) $ 27,703 2.8 Customer relationships 5,541 ( 2,313 ) 3,228 3.6 Other intangible assets 1,132 ( 445 ) 687 1.4 Total $ 57,020 $ ( 25,402 ) $ 31,618 Intangible assets consisted of the following as of December 31, 2022: Gross Carrying Accumulated Net Carrying Weighted- (in thousands) (in years) Developed technology $ 50,347 $ ( 17,434 ) $ 32,913 3.3 Customer relationships 5,541 ( 1,840 ) 3,701 4.1 Other intangible assets 1,132 ( 202 ) 930 1.9 Total $ 57,020 $ ( 19,476 ) $ 37,544
Summary of expected future amortization expenses by year related to the intangible assets	The expected future amortization expenses by year related to the intangible assets as of June 30, 2023 are as follows: June 30, 2023 (in thousands) Year Ending December 31, 2023 (Remainder) $ 5,850 2024 11,034 2025 9,110 2026 5,241 2027 383 Total $ 31,618

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 30, 2023
Leases [Abstract]
Components of Operating Lease Expense	Components of operating lease expense were as follows: Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 (in thousands) Operating lease cost $ 2,312 $ 1,891 $ 4,493 $ 3,751 Short-term lease cost 202 167 314 255 Variable lease cost 110 100 206 192 Total operating lease cost $ 2,624 $ 2,158 $ 5,013 $ 4,198
Supplementary Cash Flow Information Related to Operating Leases	Supplementary cash flow information related to operating leases was as follows: Six Months Ended June 30, 2023 2022 (in thousands) Cash paid for operating leases $ 4,119 $ 3,770 ROU assets obtained in exchange for new operating lease liabilities $ 2,867 $ 1,236 Adjustment to ROU assets upon modification of existing lease $ 4,037 $ 1,952
Summary of Minimum Lease Payments Under Operating Leases	As of June 30, 2023 , the weighted-average discount rate is 3.2 % and the weighted-average remaining term is 3.3 years. Maturities of the Company’s operating lease liabilities as of June 30, 2023 were as follows: June 30, 2023 (in thousands) Year Ending December 31, 2023 (Remainder) $ 4,438 2024 8,884 2025 8,116 2026 4,829 2027 1,627 Thereafter 156 Total operating lease payments 28,050 Less: imputed interest ( 1,537 ) Total operating lease liabilities $ 26,513

Commitments and Contingencies (

Commitments and Contingencies (Tables)	6 Months Ended
	Jun. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
Summary of outstanding non-cancelable purchase obligations	In the normal course of business, the Company enters into non-cancelable purchase commitments with various parties mainly for hosting services, as well as software products and services. As of June 30, 2023, the Company had outstanding non-cancelable purchase obligations with a term of 12 months or longer as follows: June 30, 2023 (in thousands) Year Ending December 31, 2023 (Remainder) $ 1,786 2024 20,528 2025 21,854 2026 108 Total $ 44,276

Shareholders' Equity and Equi_2

Shareholders' Equity and Equity Incentive Plans (Tables)	6 Months Ended
	Jun. 30, 2023
Equity [Abstract]
Summary of Stock Option Activity	A summary of share option activity under the Company’s equity incentive plans and related information is as follows: Options Outstanding Outstanding Weighted-Average Exercise Weighted-Average Remaining Aggregate (in thousands, except share, life and per share data) Balance as of December 31, 2022 7,205,324 $ 7.88 5.4 $ 101,334 Exercised ( 907,636 ) $ 3.71 $ 17,244 Forfeited ( 95,011 ) $ 13.75 Balance as of June 30, 2023 6,202,677 $ 8.40 5.0 $ 121,590 Exercisable as of June 30, 2023 4,950,498 $ 6.33 4.6 $ 106,673
Summary of Restricted Ordinary Shares	A summary of restricted share units (“RSU”) activity under the Company's equity incentive plan and related information is as follows, including RSUs with a market-based condition for which the fair value was determined using a Monte Carlo simulation model: RSUs Unvested RSUs Weighted-Average Unvested as of December 31, 2022 7,981,147 $ 26.90 Granted 2,666,187 $ 21.45 Vested ( 1,597,226 ) $ 26.20 Forfeited ( 657,012 ) $ 25.53 Unvested as of June 30, 2023 8,393,096 $ 25.41
Summary of Ordinary Shares Reserved for Future Issuance	The Company has the following ordinary shares reserved for future issuance: June 30, 2023 Outstanding share options 6,202,677 Outstanding RSUs 8,393,096 Issuable ordinary shares related to business combinations 55,466 Shares available for future issuance under the 2020 Plan 17,014,187 Shares available for future issuance under ESPP 4,443,395 Total ordinary shares reserved 36,108,821
Summary of Stock-Based Compensation Expense	The share-based compensation expense by line item in the accompanying condensed consolidated statements of operations is summarized as follows: Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 (in thousands) Cost of revenue: subscription–self-managed and SaaS $ 2,019 $ 1,613 $ 4,215 $ 2,919 Research and development 7,798 5,330 14,970 10,462 Sales and marketing 6,740 4,792 13,213 9,547 General and administrative 4,765 3,342 8,836 6,223 Total share-based compensation expense $ 21,322 $ 15,077 $ 41,234 $ 29,151

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Loss) (Tables)	6 Months Ended
	Jun. 30, 2023
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Summary of changes in AOCI	The following table summarizes the changes in AOCI by component, net of tax, during the periods presented: Net Unrealized Net Unrealized Total (in thousands) Balance as of December 31, 2022 $ ( 1,694 ) $ ( 1,078 ) $ ( 2,772 ) Other comprehensive loss before reclassifications ( 455 ) ( 2,822 ) ( 3,277 ) Net realized losses reclassified from AOCI 162 2,410 2,572 Other comprehensive loss ( 293 ) ( 412 ) ( 705 ) Balance as of June 30, 2023 $ ( 1,987 ) $ ( 1,490 ) $ ( 3,477 ) Net Unrealized Net Unrealized Total (in thousands) Balance as of December 31, 2021 $ ( 264 ) $ 875 $ 611 Other comprehensive loss before reclassifications ( 908 ) ( 5,528 ) ( 6,436 ) Net realized losses (gains) reclassified from AOCI ( 1 ) 1,480 1,479 Other comprehensive loss ( 909 ) ( 4,048 ) ( 4,957 ) Balance as of June 30, 2022 $ ( 1,173 ) $ ( 3,173 ) $ ( 4,346 )

Net Loss Per Share (Tables)

Net Loss Per Share (Tables)	6 Months Ended
	Jun. 30, 2023
Earnings Per Share [Abstract]
Summary of computation of basic and diluted net loss per share	The following table sets forth the computation of basic and diluted net loss per share for the periods presented: Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 (in thousands, except share and per share data) Numerator: Net loss $ ( 15,467 ) $ ( 23,773 ) $ ( 36,276 ) $ ( 43,477 ) Denominator: Weighted-average shares used in computing net loss per share, basic and diluted 102,512,578 98,955,711 101,890,022 98,422,723 Net loss per share, basic and diluted $ ( 0.15 ) $ ( 0.24 ) $ ( 0.36 ) $ ( 0.44 )
Summary of shares excluded from the computation of diluted net loss per share	The potential shares of ordinary shares that were excluded from the computation of diluted net loss per share for the periods presented because including them would have been anti-dilutive are as follows: Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Outstanding share options 6,504,444 8,362,407 6,763,415 8,851,537 Unvested RSUs 8,467,120 5,023,261 8,260,848 4,372,362 Share purchase rights under the ESPP 184,891 119,669 191,078 130,185 Issuable ordinary shares related to business combination 55,466 110,932 55,466 126,638 Total 15,211,921 13,616,269 15,270,807 13,480,722

Summary of Significant Accoun_4

Summary of Significant Accounting Policies - Summary of Long Lived Assets by Geographic Region (Detail) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Total long lived assets	$ 34,389	$ 32,623
UNITED STATES
Total long lived assets	9,925	11,569
ISRAEL
Total long lived assets	19,241	17,887
INDIA
Total long lived assets	4,535	2,246
Rest of world
Total long lived assets	$ 688	$ 921

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Accounting Policies [Abstract]
Interest income	$ 5.1	$ 0.8	$ 9.5	$ 1.2

Revenue Recognition - Summary o

Revenue Recognition - Summary of Table Presents Revenue as Follows (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Disaggregation of Revenue [Line Items]
Total subscription revenue	$ 84,170	$ 67,807	$ 163,990	$ 131,503
Sale revenue [Member] | Product Concentration Risk [Member]
Disaggregation of Revenue [Line Items]
Percentage of revenue	100%	100%	100%	100%
Subscription
Disaggregation of Revenue [Line Items]
Total subscription revenue	$ 51,827	$ 44,441	$ 101,330	$ 86,736
Subscription | Sale revenue [Member] | Product Concentration Risk [Member]
Disaggregation of Revenue [Line Items]
Percentage of revenue	61%	66%	62%	66%
Selfmanaged Subscription [Member]
Disaggregation of Revenue [Line Items]
Total subscription revenue	$ 56,530	$ 48,569	$ 111,310	$ 95,491
Selfmanaged Subscription [Member] | Sale revenue [Member] | Product Concentration Risk [Member]
Disaggregation of Revenue [Line Items]
Percentage of revenue	67%	72%	68%	73%
License [Member]
Disaggregation of Revenue [Line Items]
Total subscription revenue	$ 4,703	$ 4,128	$ 9,980	$ 8,755
License [Member] | Sale revenue [Member] | Product Concentration Risk [Member]
Disaggregation of Revenue [Line Items]
Percentage of revenue	6%	6%	6%	7%
SaaS [Member]
Disaggregation of Revenue [Line Items]
Total subscription revenue	$ 27,640	$ 19,238	$ 52,680	$ 36,012
SaaS [Member] | Sale revenue [Member] | Product Concentration Risk [Member]
Disaggregation of Revenue [Line Items]
Percentage of revenue	33%	28%	32%	27%

Revenue Recognition - Summary_2

Revenue Recognition - Summary of Revenue by Region Based on The Shipping Address of Customers as Follows (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Disaggregation of Revenue [Line Items]
Total subscription revenue	$ 84,170	$ 67,807	$ 163,990	$ 131,503
Revenue Benchmark [Member] | Geographic Concentration Risk [Member]
Disaggregation of Revenue [Line Items]
Percentage of revenue	100%	100%	100%	100%
UNITED STATES
Disaggregation of Revenue [Line Items]
Total subscription revenue	$ 51,739	$ 43,022	$ 101,278	$ 82,739
UNITED STATES | Revenue Benchmark [Member] | Geographic Concentration Risk [Member]
Disaggregation of Revenue [Line Items]
Percentage of revenue	61%	63%	62%	63%
ISRAEL
Disaggregation of Revenue [Line Items]
Total subscription revenue	$ 2,231	$ 1,712	$ 4,274	$ 3,335
ISRAEL | Revenue Benchmark [Member] | Geographic Concentration Risk [Member]
Disaggregation of Revenue [Line Items]
Percentage of revenue	3%	3%	3%	3%
Rest of world [Member]
Disaggregation of Revenue [Line Items]
Total subscription revenue	$ 30,200	$ 23,073	$ 58,438	$ 45,429
Rest of world [Member] | Revenue Benchmark [Member] | Geographic Concentration Risk [Member]
Disaggregation of Revenue [Line Items]
Percentage of revenue	36%	34%	35%	34%

Revenue Recognition - Additiona

Revenue Recognition - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Mar. 31, 2023	Dec. 31, 2022	Mar. 31, 2022	Dec. 31, 2021
Disaggregation of Revenue [Line Items]
Deferred Revenue					$ 178.4	$ 175.7	$ 152.4	$ 147.1
Contract with Customer, Liability, Revenue Recognized	$ 64.8	$ 51.6	$ 111.8	$ 85.6
Revenue, Remaining Performance Obligation	$ 213.6		$ 213.6
Revenue, Remaining Performance Obligation, Percentage	85%		85%
Billed Revenues [Member]
Disaggregation of Revenue [Line Items]
Revenue, Remaining Performance Obligation	$ 184.4		$ 184.4
Unbilled Revenues [Member]
Disaggregation of Revenue [Line Items]
Revenue, Remaining Performance Obligation	$ 29.2		$ 29.2

Revenue Recognition - Additio_2

Revenue Recognition - Additional Information (Detail 1)	Jun. 30, 2023
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-07-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period	12 months

Revenue Recognition - Additio_3

Revenue Recognition - Additional Information (Details 2) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Deferred Policy Acquisition Costs Disclosures [Abstract]
Amortization of deferred contract acquisition costs	$ 2.4	$ 1.7	$ 4.6	$ 3.2

Short-Term Investments - Summar

Short-Term Investments - Summary of Short Term Investments (Detail) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Schedule of short term investments [Line Items]
Amortized Cost	$ 425,073	$ 399,285
Gross Unrealized Gains	64	73
Gross Unrealized Losses	(2,037)	(1,753)
Estimated Fair Value	423,100	397,605
Bank deposits [Member]
Schedule of short term investments [Line Items]
Amortized Cost	105,205	96,034
Estimated Fair Value	105,205	96,034
Certificates of deposit [Member]
Schedule of short term investments [Line Items]
Amortized Cost	2,456	2,204
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(54)	(51)
Estimated Fair Value	2,402	2,153
Commercial paper [Member]
Schedule of short term investments [Line Items]
Amortized Cost	33,900	38,164
Gross Unrealized Gains	0	2
Gross Unrealized Losses	(67)	(137)
Estimated Fair Value	33,833	38,029
Corporate debt securities [Member]
Schedule of short term investments [Line Items]
Amortized Cost	130,162	137,191
Gross Unrealized Gains	64	41
Gross Unrealized Losses	(956)	(859)
Estimated Fair Value	129,270	136,373
Municipal securities [Member]
Schedule of short term investments [Line Items]
Amortized Cost	35,421	38,543
Gross Unrealized Gains	0	23
Gross Unrealized Losses	(208)	(222)
Estimated Fair Value	35,213	38,344
Government and agency debt [Member]
Schedule of short term investments [Line Items]
Amortized Cost	117,929	87,149
Gross Unrealized Gains	0	7
Gross Unrealized Losses	(752)	(484)
Estimated Fair Value	117,177	86,672
Marketable securities [Member]
Schedule of short term investments [Line Items]
Amortized Cost	319,868	303,251
Gross Unrealized Gains	64	73
Gross Unrealized Losses	(2,037)	(1,753)
Estimated Fair Value	$ 317,895	$ 301,571

Short-Term Investments - Summ_2

Short-Term Investments - Summary of Company's Marketable Securities by Contractual Maturities (Details) $ in Thousands	Jun. 30, 2023 USD ($)
Debt Securities, Available-for-Sale, Fair Value, Fiscal Year Maturity [Abstract]
Due in 1 year or less	$ 249,687
Due in 1 year through 2 years	68,208
Total	$ 317,895

Short-Term Investments - Summ_3

Short-Term Investments - Summary of Presents Fair Value and Gross Unrealized Losses of the Company's Marketable Securities (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Debt Securities, Available-for-Sale, Unrealized Loss Position [Line Items]
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, Less than 12 Months	$ 277,362	$ 254,648
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, 12 Months or Longer	17,339	0
Debt Securities, Available-for-Sale, Unrealized Loss Position	294,701	254,648
Gross Unrealized Losses Less Than 12 Months	(1,849)	(1,753)
Gross Unrealized Losses 12 Months or Greater	(188)	0
Gross Unrealized Losses Total	(2,037)	(1,753)
Certificates of Deposit [Member]
Debt Securities, Available-for-Sale, Unrealized Loss Position [Line Items]
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, Less than 12 Months	497	2,153
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, 12 Months or Longer	1,905	0
Debt Securities, Available-for-Sale, Unrealized Loss Position	2,402	2,153
Gross Unrealized Losses Less Than 12 Months	(8)	(51)
Gross Unrealized Losses 12 Months or Greater	(46)	0
Gross Unrealized Losses Total	(54)	(51)
Commercial Paper [Member]
Debt Securities, Available-for-Sale, Unrealized Loss Position [Line Items]
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, Less than 12 Months	33,833	31,838
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, 12 Months or Longer	0	0
Debt Securities, Available-for-Sale, Unrealized Loss Position	33,833	31,838
Gross Unrealized Losses Less Than 12 Months	(67)	(137)
Gross Unrealized Losses 12 Months or Greater	0	0
Gross Unrealized Losses Total	(67)	(137)
Corporate Debt Securities [Member]
Debt Securities, Available-for-Sale, Unrealized Loss Position [Line Items]
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, Less than 12 Months	110,367	123,540
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, 12 Months or Longer	6,923	0
Debt Securities, Available-for-Sale, Unrealized Loss Position	117,290	123,540
Gross Unrealized Losses Less Than 12 Months	(869)	(859)
Gross Unrealized Losses 12 Months or Greater	(87)	0
Gross Unrealized Losses Total	(956)	(859)
Municipal securities [Member]
Debt Securities, Available-for-Sale, Unrealized Loss Position [Line Items]
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, Less than 12 Months	26,500	25,336
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, 12 Months or Longer	2,999	0
Debt Securities, Available-for-Sale, Unrealized Loss Position	29,499	25,336
Gross Unrealized Losses Less Than 12 Months	(187)	(222)
Gross Unrealized Losses 12 Months or Greater	(21)	0
Gross Unrealized Losses Total	(208)	(222)
US Government Agencies Debt Securities [Member]
Debt Securities, Available-for-Sale, Unrealized Loss Position [Line Items]
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, Less than 12 Months	106,165	71,781
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, 12 Months or Longer	5,512	0
Debt Securities, Available-for-Sale, Unrealized Loss Position	111,677	71,781
Gross Unrealized Losses Less Than 12 Months	(718)	(484)
Gross Unrealized Losses 12 Months or Greater	(34)	0
Gross Unrealized Losses Total	$ (752)	$ (484)

Short-Term Investments - Additi

Short-Term Investments - Additional Information (Details) - USD ($)	Jun. 30, 2023	Dec. 31, 2022
Investments, All Other Investments [Abstract]
Allowance for credit losses	$ 0	$ 0

Fair Value Measurements - Summa

Fair Value Measurements - Summary of Fair Value, by Balance Sheet Grouping (Detail) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Level 1
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash equivalents	$ 19,569	$ 9,562
Total financial assets	19,569	9,562
Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash equivalents	993
Total financial assets	424,390	397,658
Total financial liabilities	2,029	1,477
Level 2 | Short-term Investments
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Short-term investments	423,100	397,605
Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash equivalents	20,562	9,562
Total financial assets	443,959	407,220
Total financial liabilities	2,029	1,477
Fair Value | Short-term Investments
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Short-term investments	423,100	397,605
Prepaid Expenses and Other Current Assets [Member] | Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Restricted bank deposits included in assets	12	12
Prepaid Expenses and Other Current Assets [Member] | Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Restricted bank deposits included in assets	12	12
Prepaid Expenses and Other Current Assets [Member] | Designated as Hedging Instrument [Member] | Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Foreign Currency Contract, Asset, Fair Value Disclosure	34	20
Prepaid Expenses and Other Current Assets [Member] | Designated as Hedging Instrument [Member] | Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Foreign Currency Contract, Asset, Fair Value Disclosure	34	20
Prepaid Expenses and Other Current Assets [Member] | Not Designated as Hedging Instrument [Member] | Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Foreign Currency Contract, Asset, Fair Value Disclosure	251	21
Prepaid Expenses and Other Current Assets [Member] | Not Designated as Hedging Instrument [Member] | Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Foreign Currency Contract, Asset, Fair Value Disclosure	251	21
Accrued Expenses And Other Current Liabilites [Member] | Designated as Hedging Instrument [Member] | Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Foreign Currency Contracts, Liability, Fair Value Disclosure	1,524	1,098
Accrued Expenses And Other Current Liabilites [Member] | Designated as Hedging Instrument [Member] | Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Foreign Currency Contracts, Liability, Fair Value Disclosure	1,524	1,098
Accrued Expenses And Other Current Liabilites [Member] | Not Designated as Hedging Instrument [Member] | Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Foreign Currency Contracts, Liability, Fair Value Disclosure	505	379
Accrued Expenses And Other Current Liabilites [Member] | Not Designated as Hedging Instrument [Member] | Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Foreign Currency Contracts, Liability, Fair Value Disclosure	505	379
Money market funds | Level 1
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash equivalents	19,569	9,562
Money market funds | Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash equivalents	19,569	9,562
Bank deposits | Level 2 | Short-term Investments
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Short-term investments	105,205	96,034
Bank deposits | Fair Value | Short-term Investments
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Short-term investments	105,205	96,034
Certificates of deposit | Level 2 | Short-term Investments
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Short-term investments	2,402	2,153
Certificates of deposit | Fair Value | Short-term Investments
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Short-term investments	2,402	2,153
Commercial paper | Level 2 | Short-term Investments
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Short-term investments	33,833	38,029
Commercial paper | Level 2 | Cash equivalents
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash equivalents	993
Commercial paper | Fair Value | Short-term Investments
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Short-term investments	33,833	38,029
Commercial paper | Fair Value | Cash equivalents
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash equivalents	993
Corporate debt securities | Level 2 | Short-term Investments
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Short-term investments	129,270	136,373
Corporate debt securities | Fair Value | Short-term Investments
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Short-term investments	129,270	136,373
Municipal securities | Level 2 | Short-term Investments
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Short-term investments	35,213	38,344
Municipal securities | Fair Value | Short-term Investments
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Short-term investments	35,213	38,344
Government and agency debt | Level 2 | Short-term Investments
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Short-term investments	117,177	86,672
Government and agency debt | Fair Value | Short-term Investments
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Short-term investments	$ 117,177	$ 86,672

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Detail) - Level 3 - USD ($)	Jun. 30, 2023	Dec. 31, 2022
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total financial assets	$ 0	$ 0
Total financial liabilities	$ 0	$ 0

Derivative Financial Instrume_3

Derivative Financial Instruments and Hedging - Disclosure of Notional Amount of Derivatives By Hedging Designation (Detail) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Derivatives, Fair Value [Line Items]
Total derivative instruments	$ 76,866	$ 60,409
Foreign currency contracts [Member] | Derivatives designated as hedging instruments [Member]
Derivatives, Fair Value [Line Items]
Total derivative instruments	54,903	42,854
Foreign currency contracts [Member] | Derivatives not designated as hedging instruments [Member]
Derivatives, Fair Value [Line Items]
Total derivative instruments	$ 21,963	$ 17,555

Derivative Financial Instrume_4

Derivative Financial Instruments and Hedging - Derivative Instruments, Gain (Loss) (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Derivatives designated as hedging instruments [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Total losses recognized in earnings	$ (1,302)	$ (1,401)	$ (2,410)	$ (1,480)
Derivatives not designated as hedging instruments [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Total losses recognized in earnings	(414)	(422)	(819)	(400)
Foreign Currency Contracts [Member] | Derivatives designated as hedging instruments [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Total losses recognized in earnings	$ 0	$ 0	$ 0	$ 8
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Nonoperating Income (Expense)	Nonoperating Income (Expense)	Nonoperating Income (Expense)	Nonoperating Income (Expense)
Foreign Currency Contracts [Member] | Derivatives not designated as hedging instruments [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Total losses recognized in earnings	$ (414)	$ (422)	$ (819)	$ (400)
Foreign Currency Contracts [Member] | Subscription–self-managed and SaaS [Member] | Derivatives designated as hedging instruments [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Total losses recognized in earnings	$ (94)	$ (121)	$ (181)	$ (127)
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Cost of Revenue	Cost of Revenue	Cost of Revenue	Cost of Revenue
Foreign Currency Contracts [Member] | Research and development [Member] | Derivatives designated as hedging instruments [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Total losses recognized in earnings	$ (805)	$ (854)	$ (1,493)	$ (909)
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Research and Development Expense	Research and Development Expense	Research and Development Expense	Research and Development Expense
Foreign Currency Contracts [Member] | Sales and marketing [Member] | Derivatives designated as hedging instruments [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Total losses recognized in earnings	$ (188)	$ (191)	$ (340)	$ (202)
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Selling and Marketing Expense	Selling and Marketing Expense	Selling and Marketing Expense	Selling and Marketing Expense
Foreign Currency Contracts [Member] | General and administrative [Member] | Derivatives designated as hedging instruments [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Total losses recognized in earnings	$ (215)	$ (235)	$ (396)	$ (250)
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	General and Administrative Expense	General and Administrative Expense	General and Administrative Expense	General and Administrative Expense

Condensed Consolidated Balanc_5

Condensed Consolidated Balance Sheet Components - Summary of Property and Equipment (Detail) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 17,636	$ 16,880
Less: accumulated depreciation and amortization	(10,608)	(8,859)
Property and equipment, net	7,028	8,021
Computer and software
Property, Plant and Equipment [Line Items]
Property and equipment, gross	8,830	8,330
Furniture and office equipment
Property, Plant and Equipment [Line Items]
Property and equipment, gross	3,026	2,802
Leasehold improvements
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 5,780	$ 5,748

Condensed Consolidated Balanc_6

Condensed Consolidated Balance Sheet Components - Summary of Accrued Expenses and Other Current Liabilities (Detail) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Balance Sheet Related Disclosures [Abstract]
Accrued compensation and benefits	$ 20,717	$ 20,892
Accrued expenses	11,007	7,956
Accrued expenses and other current liabilities	$ 31,724	$ 28,848

Intangible Assets, Net - Summar

Intangible Assets, Net - Summary of Intangible Assets (Detail) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2023	Dec. 31, 2022
Intangible Assets [Line items]
Gross Carrying Amount	$ 57,020	$ 57,020
Accumulated Amortization	(25,402)	(19,476)
Net Carrying Amount	31,618	37,544
Developed technology [Member]
Intangible Assets [Line items]
Gross Carrying Amount	50,347	50,347
Accumulated Amortization	(22,644)	(17,434)
Net Carrying Amount	$ 27,703	$ 32,913
Weighted- Average Remaining Useful Life	2 years 9 months 18 days	3 years 3 months 18 days
Customer relationships [Member]
Intangible Assets [Line items]
Gross Carrying Amount	$ 5,541	$ 5,541
Accumulated Amortization	(2,313)	(1,840)
Net Carrying Amount	$ 3,228	$ 3,701
Weighted- Average Remaining Useful Life	3 years 7 months 6 days	4 years 1 month 6 days
Other intangible assets [Member]
Intangible Assets [Line items]
Gross Carrying Amount	$ 1,132	$ 1,132
Accumulated Amortization	(445)	(202)
Net Carrying Amount	$ 687	$ 930
Weighted- Average Remaining Useful Life	1 year 4 months 24 days	1 year 10 months 24 days

Intangible Assets, Net - Additi

Intangible Assets, Net - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Intangible Assets [Line items]
Amortization expenses for intangible assets	$ 3	$ 2.8	$ 5.9	$ 5.7

Intangible Assets, Net - Summ_2

Intangible Assets, Net - Summary of Expected Future Amortization Expenses by Year Related to the Intangible Assets (Detail) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]
2023 (Remainder)	$ 5,850
2024	11,034
2025	9,110
2026	5,241
2027	383
Net Carrying Amount	$ 31,618	$ 37,544

Leases - Components of Operatin

Leases - Components of Operating Lease Expense (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Lease, Cost [Abstract]
Operating lease cost	$ 2,312	$ 1,891	$ 4,493	$ 3,751
Short-term lease cost	202	167	314	255
Variable lease cost	110	100	206	192
Total operating lease cost	$ 2,624	$ 2,158	$ 5,013	$ 4,198

Leases - Additional Information

Leases - Additional Information (Details)	Jun. 30, 2023
Lessee, Lease, Description [Line Items]
Operating Lease, Weighted Average Remaining Lease Term	3 years 3 months 18 days
Operating Lease, Weighted Average Discount Rate, Percent	3.20%

Leases - Supplemental Cash Flow

Leases - Supplemental Cash Flow Information Related to Operating Lease (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Leases [Abstract]
Cash paid for operating leases	$ 4,119	$ 3,770
ROU assets obtained in exchange for new operating lease liabilities	2,867	1,236
Adjustment to ROU assets upon modification of existing lease	$ 4,037	$ 1,952

Leases - Schedule of Maturities

Leases - Schedule of Maturities of Operating Lease Liabilities (Details) $ in Thousands	Jun. 30, 2023 USD ($)
Lessee, Operating Lease, Liability, to be Paid, Fiscal Year Maturity [Abstract]
2023 (Remainder)	$ 4,438
2024	8,884
2025	8,116
2026	4,829
2027	1,627
Thereafter	156
Total operating lease payments	28,050
Less: imputed interest	(1,537)
Total operating lease liabilities	$ 26,513

Commitments and Contingencies -

Commitments and Contingencies - Summary of Outstanding Non-cancelable Purchase Obligations (Detail) $ in Thousands	Jun. 30, 2023 USD ($)
Commitments and Contingencies Disclosure [Abstract]
2023 (Remainder)	$ 1,786
2024	20,528
2025	21,854
2026	108
Total	$ 44,276

Commitments and Contingencies_2

Commitments and Contingencies - Additional Information (Detail) $ in Millions	6 Months Ended
	Jun. 30, 2023 USD ($)
Grants [Member] | Israeli Innovation Authority [Member]
Maximum additional payments as a grant recipient	$ 6

Shareholders' Equity and Equi_3

Shareholders' Equity and Equity Incentive Plans - Additional Information (Detail) - USD ($) $ in Millions		6 Months Ended
	Jan. 01, 2023	Jun. 30, 2023
Unrecognized share-based compensation cost		$ 212.4
Unrecognized share based compensation cost expected to be recognised period		2 years 10 months 24 days
2020 Plan [Member]
Share-based payment arrangement, increase of authorized shares	5,819,265
Employee Share Purchase Plan [Member]
Share-based payment arrangement, increase of authorized shares	1,009,633
Restricted Stock Units (RSUs) [Member]
Fair value of RSU		$ 37.9

Shareholders' Equity and Equi_4

Shareholders' Equity and Equity Incentive Plans - Summary of Stock Option Activity (Detail) $ / shares in Units, $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2023 USD ($) $ / shares shares	Dec. 31, 2022 USD ($) $ / shares shares
Share-Based Payment Arrangement [Abstract]
Outstanding Share Options, Beginning balance | shares	7,205,324
Outstanding Share Options, Exercised | shares	(907,636)
Outstanding Share Options, Forfeited | shares	(95,011)
Outstanding Share Options, Ending balance | shares	6,202,677	7,205,324
Outstanding Share Options, Exercisable | shares	4,950,498
Weighted Average Exercise Price Per Share, Beginning balance | $ / shares	$ 7.88
Weighted Average Exercise Price Per Share, Exercised | $ / shares	3.71
Weighted Average Exercise Price Per Share, Forfeited | $ / shares	13.75
Weighted Average Exercise Price Per Share, Ending balance | $ / shares	8.4	$ 7.88
Weighted Average Exercise Price Per Share, Exercisable | $ / shares	$ 6.33
Weighted Average Remaining Contractual Life	5 years	5 years 4 months 24 days
Weighted Average Remaining Contractual Life, Exercisable	4 years 7 months 6 days
Aggregate Intrinsic Value, Beginning balance | $	$ 101,334
Aggregate Intrinsic Value, Exercised | $	17,244
Aggregate Intrinsic Value, Ending balance | $	121,590	$ 101,334
Aggregate Intrinsic Value, Exercisable | $	$ 106,673

Shareholders' Equity and Equi_5

Shareholders' Equity and Equity Incentive Plans - Summary of Restricted Ordinary Shares (Detail) - Restricted Stock Units (RSUs) [Member]	6 Months Ended
	Jun. 30, 2023 $ / shares shares
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Unvested RSUs, Beginning balance | shares	7,981,147
Unvested RSUs, Granted | shares	2,666,187
Unvested RSUs, Vested | shares	(1,597,226)
Unvested RSUs, Forfeited | shares	(657,012)
Unvested RSUs, Ending balance | shares	8,393,096
Weighted Average Grant Date Fair Value Per Share, Beginning balance | $ / shares	$ 26.9
Weighted Average Grant Date Fair Value Per Share, Granted | $ / shares	21.45
Weighted Average Grant Date Fair Value Per Share, Vested | $ / shares	26.2
Weighted Average Grant Date Fair Value Per Share, Forfeited | $ / shares	25.53
Weighted Average Grant Date Fair Value Per Share, Ending balance | $ / shares	$ 25.41

Shareholders' Equity and Equi_6

Shareholders' Equity and Equity Incentive Plans - Summary of Ordinary Shares Reserved for Future Issuance (Detail)	Jun. 30, 2023 shares
Class of Stock [Line Items]
Common Stock Reserved for Future Issuance	36,108,821
2020 Plan [Member]
Class of Stock [Line Items]
Common Stock Reserved for Future Issuance	17,014,187
Employee Stock Purchase Plan [Member]
Class of Stock [Line Items]
Common Stock Reserved for Future Issuance	4,443,395
Employee Stock Option
Class of Stock [Line Items]
Common Stock Reserved for Future Issuance	6,202,677
Restricted Stock Units (RSUs) [Member]
Class of Stock [Line Items]
Common Stock Reserved for Future Issuance	8,393,096
Ordinary Shares [Member]
Class of Stock [Line Items]
Common Stock Reserved for Future Issuance	55,466

Shareholders' Equity and Equi_7

Shareholders' Equity and Equity Incentive Plans - Summary of Stock-based Compensation Expense (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	$ 21,322	$ 15,077	$ 41,234	$ 29,151
Cost of revenue [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	2,019	1,613	4,215	2,919
Research and development [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	7,798	5,330	14,970	10,462
Sales and marketing [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	6,740	4,792	13,213	9,547
General and administrative [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	$ 4,765	$ 3,342	$ 8,836	$ 6,223

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income (Loss) - Summary of Changes In AOCI (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Changes in Accumulated Other Comprehensive Income [Line items]
Beginning Balance			$ (2,772)	$ 611
Other comprehensive loss before reclassifications			(3,277)	(6,436)
Net realized losses (gains) reclassified from AOCI			2,572	1,479
Other comprehensive loss	$ (1,104)	$ (3,476)	(705)	(4,957)
Ending Balance	(3,477)	(4,346)	(3,477)	(4,346)
Net Unrealized Losses on Available-for-Sale Marketable Securities [Member]
Changes in Accumulated Other Comprehensive Income [Line items]
Beginning Balance			(1,694)	(264)
Other comprehensive loss before reclassifications			(455)	(908)
Net realized losses (gains) reclassified from AOCI			162	(1)
Other comprehensive loss			(293)	(909)
Ending Balance	(1,987)	(1,173)	(1,987)	(1,173)
Net Unrealized Gains(losses) on Derivatives Designated as Hedging Instruments [Member]
Changes in Accumulated Other Comprehensive Income [Line items]
Beginning Balance			(1,078)	875
Other comprehensive loss before reclassifications			(2,822)	(5,528)
Net realized losses (gains) reclassified from AOCI			2,410	1,480
Other comprehensive loss			(412)	(4,048)
Ending Balance	$ (1,490)	$ (3,173)	$ (1,490)	$ (3,173)

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Income tax expense	$ 1,456	$ 1,880	$ 3,044	$ 2,718
Unrecognized tax benefits	$ 4,800		$ 4,800		$ 4,800

Net Loss Per Share - Summary of

Net Loss Per Share - Summary of Computation of Basic and Diluted Net Loss Per Share (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Numerator:
Net loss	$ (15,467)	$ (23,773)	$ (36,276)	$ (43,477)
Denominator:
Weighted-average shares used in computing net loss per share, basic	102,512,578	98,955,711	101,890,022	98,422,723
Weighted-average shares used in computing net loss per share, diluted	102,512,578	98,955,711	101,890,022	98,422,723
Net loss per share, Basic	$ (0.15)	$ (0.24)	$ (0.36)	$ (0.44)
Net loss per share, Diluted	$ (0.15)	$ (0.24)	$ (0.36)	$ (0.44)

Net Loss Per Share - Summary _2

Net Loss Per Share - Summary of Shares Excluded From the Computation of Diluted Net Loss Per Share (Detail) - shares	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Shares excluded from computation of diluted net loss per share	15,211,921	13,616,269	15,270,807	13,480,722
Outstanding share options [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Shares excluded from computation of diluted net loss per share	6,504,444	8,362,407	6,763,415	8,851,537
Unvested RSUs [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Shares excluded from computation of diluted net loss per share	8,467,120	5,023,261	8,260,848	4,372,362
Share purchase rights under the ESPP [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Shares excluded from computation of diluted net loss per share	184,891	119,669	191,078	130,185
Issuable ordinary shares related to business combination [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Shares excluded from computation of diluted net loss per share	55,466	110,932	55,466	126,638