JFrog (FROG) 10-Q 8 Aug 24 2024 Q2 Quarterly report Financial data

Cover Page

Cover Page - shares	6 Months Ended
	Jun. 30, 2024	Jul. 31, 2024
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2024
Document Fiscal Year Focus	2024
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		110,424,948

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 218,303	$ 84,765
Short- term investments	373,013	460,245
Accounts receivable, net	82,041	76,437
Deferred contract acquisition costs	12,662	11,378
Prepaid expenses and other current assets	17,169	12,976
Total current assets	703,188	645,801
Property and equipment, net	6,529	6,663
Deferred contract acquisition costs, noncurrent	18,316	18,032
Operating lease right-of-use assets	18,372	22,427
Intangible assets, net	19,990	25,768
Goodwill	247,955	247,955
Other assets, noncurrent	6,793	5,910
Total assets	1,021,143	972,556
Current liabilities:
Accounts payable	16,222	16,970
Accrued expenses and other current liabilities	39,958	35,815
Operating lease liabilities	8,109	8,272
Deferred revenue	205,501	201,118
Total current liabilities	269,790	262,175
Deferred revenue, noncurrent	15,822	12,987
Operating lease liabilities, noncurrent	9,651	13,954
Other liabilities, noncurrent	4,447	4,317
Total liabilities	299,710	293,433
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, 2024 and December 31, 2023	0	0
Ordinary shares, NIS 0.01 par value per share, 500,000,000 shares authorized; 110,022,835 and 106,114,892 shares issued and outstanding as of June 30, 2024 and December 31, 2023, respectively	308	297
Additional paid-in capital	1,036,377	968,245
Accumulated other comprehensive income (loss)	(1,727)	1,013
Accumulated deficit	(313,525)	(290,432)
Total shareholders' equity	721,433	679,123
Total liabilities and shareholders' equity	$ 1,021,143	$ 972,556

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - ₪ / shares	Jun. 30, 2024	Dec. 31, 2023
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	110,022,835	106,114,892
Common stock Outstanding	110,022,835	106,114,892

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Revenue:
Total subscription revenue	$ 103,043	$ 84,170	$ 203,354	$ 163,990
Cost of revenue:
Total cost of revenue—subscription	21,893	18,449	42,497	36,870
Gross profit	81,150	65,721	160,857	127,120
Operating expenses:
Research and development	37,117	33,544	72,949	68,430
Sales and marketing	45,896	36,352	89,467	71,838
General and administrative	17,264	14,732	34,204	28,972
Total operating expenses	100,277	84,628	196,620	169,240
Operating loss	(19,127)	(18,907)	(35,763)	(42,120)
Interest and other income, net	6,898	4,896	13,985	8,888
Loss before income taxes	(12,229)	(14,011)	(21,778)	(33,232)
Income tax expense	2,074	1,456	1,315	3,044
Net loss	$ (14,303)	$ (15,467)	$ (23,093)	$ (36,276)
Net loss per share, basic	$ (0.13)	$ (0.15)	$ (0.21)	$ (0.36)
Net loss per share, diluted	$ (0.13)	$ (0.15)	$ (0.21)	$ (0.36)
Weighted-average shares used in computing net loss per share, basic	108,944,738	102,512,578	107,985,044	101,890,022
Weighted-average shares used in computing net loss per share, diluted	108,944,738	102,512,578	107,985,044	101,890,022
Subscription—self-managed and SaaS
Revenue:
Total subscription revenue	$ 98,404	$ 79,467	$ 193,810	$ 154,010
Cost of revenue:
Total cost of revenue—subscription	21,748	18,231	42,207	36,434
License—self-managed
Revenue:
Total subscription revenue	4,639	4,703	9,544	9,980
Cost of revenue:
Total cost of revenue—subscription	$ 145	$ 218	$ 290	$ 436

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Loss - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Statement of Comprehensive Income [Abstract]
Net Income (Loss)	$ (14,303)	$ (15,467)	$ (23,093)	$ (36,276)
Other comprehensive loss, net of tax:
Net change in unrealized losses on available-for-sale marketable securities, net of tax	(146)	(865)	(577)	(293)
Net change in unrealized losses on derivative instruments, net of tax	(1,437)	(239)	(2,163)	(412)
Other comprehensive loss, net of tax	(1,583)	(1,104)	(2,740)	(705)
Comprehensive loss	$ (15,886)	$ (16,571)	$ (25,833)	$ (36,981)

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Shareholders' Equity (Unaudited) - USD ($) $ in Thousands	Total	Ordinary Shares	Additional Paid-in Capital	Accumulated Other Comprehensive Loss	Accumulated Deficit
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
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 (in 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 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 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)
Balance (in shares) at Dec. 31, 2023		106,114,892
Balance at Dec. 31, 2023	$ 679,123	$ 297	968,245	1,013	(290,432)
Issuance of ordinary shares upon exercise of share options (in shares)	1,547,880	1,547,880
Issuance of ordinary shares upon exercise of share options	$ 7,707	$ 5	7,702
Issuance of ordinary shares upon release of restricted share units (in shares)		2,182,157
Issuance of ordinary shares upon release of restricted share units		$ 6	(6)
Issuance of ordinary shares under the employee share purchase plan (in shares)		177,906
Issuance of ordinary shares under the employee share purchase plan	4,494		4,494
Share-based compensation expense	55,942		55,942
Other comprehensive loss, net of tax	(2,740)			(2,740)
Net Income (Loss)	(23,093)				(23,093)
Balance (in shares) at Jun. 30, 2024		110,022,835
Balance at Jun. 30, 2024	721,433	$ 308	1,036,377	(1,727)	(313,525)
Balance (in shares) at Mar. 31, 2024		108,338,295
Balance at Mar. 31, 2024	707,802	$ 303	1,006,865	(144)	(299,222)
Issuance of ordinary shares upon exercise of share options (in shares)		267,256
Issuance of ordinary shares upon exercise of share options	861	$ 1	860
Issuance of ordinary shares upon release of restricted share units (in shares)		1,417,284
Issuance of ordinary shares upon release of restricted share units		$ 4	(4)
Share-based compensation expense	28,656		28,656
Other comprehensive loss, net of tax	(1,583)			(1,583)
Net Income (Loss)	(14,303)				(14,303)
Balance (in shares) at Jun. 30, 2024		110,022,835
Balance at Jun. 30, 2024	$ 721,433	$ 308	$ 1,036,377	$ (1,727)	$ (313,525)

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Cash flows from operating activities:
Net Income (Loss)	$ (23,093)	$ (36,276)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization	7,625	7,675
Share-based compensation expense	55,942	41,234
Non-cash operating lease expense	4,219	4,145
Net amortization of premium or discount on investments	(3,746)	(2,870)
Losses (gains) on foreign exchange	354	(591)
Changes in operating assets and liabilities:
Accounts receivable	(5,555)	(221)
Prepaid expenses and other assets	(5,018)	(1,961)
Deferred contract acquisition costs	(1,568)	(1,594)
Accounts payable	(937)	(1,913)
Accrued expenses and other liabilities	2,892	3,030
Operating lease liabilities	(4,167)	(3,770)
Deferred revenue	7,218	8,693
Net cash provided by operating activities	34,166	15,581
Cash flows from investing activities:
Purchases of short-term investments	(255,943)	(204,572)
Maturities and sales of short-term investments	345,783	183,171
Purchases of property and equipment	(1,573)	(773)
Net cash provided by (used) in investing activities	88,267	(22,174)
Cash flows from financing activities:
Proceeds from exercise of share options	7,707	3,367
Proceeds from employee share purchase plan	4,494	3,499
Proceeds from employee equity transactions, net of payments to tax authorities	(279)	817
Net cash provided by financing activities	11,922	7,683
Effect of exchange rate changes on cash, cash equivalents and restricted cash	(817)	9
Net increase in cash, cash equivalents, and restricted cash	133,538	1,099
Cash, cash equivalents, and restricted cash—beginning of period	84,777	45,607
Cash, cash equivalents, and restricted cash—end of period	$ 218,315	$ 46,706

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Cash Flows (Unaudited) (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2024	Jun. 30, 2023
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	$ 218,303	$ 46,694
Restricted cash included in prepaid expenses and other current assets	12	12
Total cash, cash equivalents, and restricted cash	$ 218,315	$ 46,706

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Pay vs Performance Disclosure
Net Income (Loss)	$ (14,303)	$ (15,467)	$ (23,093)	$ (36,276)

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Jun. 30, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Organization and Description of

Organization and Description of Business	6 Months Ended
	Jun. 30, 2024
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 Software Supply Chain Platform that enables organizations to continuously and securely create and deliver software updates across any system. This platform is the critical bridge between software development and deployment of that software, paving the way for modern software supply chain management and software release processes. The Company enables organizations to build and release software faster and more securely while empowering developers, security teams and machine learning operations teams 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, 2024
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, 2023 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, 2023, included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023 filed with the SEC on February 15, 2024. 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, 2024, the Company’s consolidated results of operations and shareholders’ equity for the three and six months ended June 30, 2024 and 2023, and cash flows for the six months ended June 30, 2024 and 2023. The results for the three and six months ended June 30, 2024 are not necessarily indicative of the results to be expected for the full year ending December 31, 2024 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 benefit period of deferred contract acquisition costs, the allowance for credit losses, 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, 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, 2023. There have been no significant changes to these policies during the six months ended June 30, 2024 . 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 $ 7.2 million and $ 5.1 million for the three months ended June 30, 2024 and 2023 , respectively, and $ 14.3 million and $ 9.5 million for the six months ended June 30, 2024 and 2023 , 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, 2024 December 31, 2023 (in thousands) United States $ 7,347 $ 8,566 Israel 13,651 15,888 India 3,542 4,054 Rest of world 361 582 Total long-lived assets $ 24,901 $ 29,090 Recently Issued Accounting Pronouncements In November 2023, the Financial Accounting Standard Board (“FASB”) issued ASU 2023-07, Segment Reporting (Topic 280), Improvements to Reportable Segment Disclosures , which expands annual and interim disclosure requirements for reportable segments, primarily through enhanced disclosures about significant segment expenses. In addition, it provides new segment disclosure requirements for entities with a single reportable segment. The guidance will be effective for the Company for annual periods beginning January 1, 2024 and for interim periods beginning January 1, 2025. Early adoption is permitted. The Company is currently evaluating the impact on its financial statement disclosures. In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740), Improvements to Income Tax Disclosures , which requires disaggregated information about the effective tax rate reconciliation as well as information on income taxes paid. The guidance will be effective for the Company for annual periods beginning January 1, 2025, with e arly adoption permitted. The Company is currently evaluating the impact on its financial statement disclosures.

Revenue Recognition

Revenue Recognition	6 Months Ended
	Jun. 30, 2024
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, 2024 2023 2024 2023 Amount Percentage Amount Percentage Amount Percentage Amount Percentage (in thousands, except percentages) Self-managed subscription $ 63,765 62 % $ 56,530 67 % $ 127,155 63 % $ 111,310 68 % Subscription 59,126 57 51,827 61 117,611 58 101,330 62 License 4,639 5 4,703 6 9,544 5 9,980 6 SaaS 39,278 38 27,640 33 76,199 37 52,680 32 Total subscription revenue $ 103,043 100 % $ 84,170 100 % $ 203,354 100 % $ 163,990 100 % The following table summarizes revenue by region based on the shipping address of customers: Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Amount Percentage Amount Percentage Amount Percentage Amount Percentage (in thousands, except percentages) United States $ 62,333 60 % $ 51,739 61 % $ 122,991 60 % $ 101,278 62 % Israel 2,832 3 2,231 3 5,765 3 4,274 3 Rest of world 37,878 37 30,200 36 74,598 37 58,438 35 Total subscription revenue $ 103,043 100 % $ 84,170 100 % $ 203,354 100 % $ 163,990 100 % Contract Balances Of the $ 211.2 million and $ 178.4 million of deferred revenue recorded as of March 31, 2024 and 2023, respectively, the Company recognize d $ 83.6 million and $ 64.8 million as revenue during the three months ended June 30, 2024 and 2023 , respectively. Of the $ 214.1 million and $ 175.7 million of deferred revenue recorded as of December 31, 2023 and 2022, respectively, the Company recognized $ 144.0 million and $ 111.8 million as revenue during the six months ended June 30, 2024 and 2023, respectively. Remaining Performance Obligation The Company’s remaining performance obligations represent contracted revenue that has not yet been recognized, which includes deferred revenue and non-cancelable amounts that will be invoiced and recognized in future periods. As of June 30, 2024, the aggregate a mount of the transaction price allocated to remaining performance obligations was $ 272.0 million, which consists of billed c onsiderations of $ 221.3 million and unbilled consid erations of $ 50.7 million, that the Company expects to recognize as revenue. As of June 30, 2024 , the Company expects to recognize 82 % 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 $ 3.3 million and $ 2.4 million for the three months ended June 30, 2024 and 2023 , respectively, and $ 6.4 million and $ 4.6 million for the six months ended June 30, 2024 and 2023 , respectively.

Short-Term Investments

Short-Term Investments	6 Months Ended
	Jun. 30, 2024
Investments, All Other Investments [Abstract]
Short-Term Investments	4. Short-Term Investments Short-term investments consist of bank deposits and marketable securities. As of June 30, 2024 and December 31, 2023 , bank deposits were $ 98.4 million and $ 81.1 million, respectively. Marketable securities consist of the following: June 30, 2024 Amortized Gross Gross Estimated (in thousands) Certificates of deposit $ 505 $ — $ ( 1 ) $ 504 Commercial paper 5,326 — ( 12 ) 5,314 Corporate debt securities 104,632 — ( 283 ) 104,349 Municipal securities 20,401 — ( 43 ) 20,358 Government and agency debt 144,486 4 ( 422 ) 144,068 Total marketable securities $ 275,350 $ 4 $ ( 761 ) $ 274,593 December 31, 2023 Amortized Gross Gross Estimated (in thousands) Certificates of deposit $ 2,455 $ — $ ( 21 ) $ 2,434 Commercial paper 8,927 — ( 6 ) 8,921 Corporate debt securities 162,515 234 ( 302 ) 162,447 Municipal securities 22,263 9 ( 36 ) 22,236 Government and agency debt 183,093 252 ( 250 ) 183,095 Total marketable securities $ 379,253 $ 495 $ ( 615 ) $ 379,133 The following table summarizes the Company’s marketable securities by contractual maturities: June 30, 2024 (in thousands) Due in 1 year or less $ 171,219 Due in 1 year through 2 years 103,374 Total $ 274,593 The following tables present 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, 2024 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 $ 250 $ ( 1 ) $ 254 $ — $ 504 $ ( 1 ) Commercial paper 5,314 ( 12 ) — — 5,314 ( 12 ) Corporate debt securities 88,112 ( 220 ) 14,746 ( 63 ) 102,858 ( 283 ) Municipal securities 15,303 ( 41 ) 3,287 ( 2 ) 18,590 ( 43 ) Government and agency debt 116,412 ( 368 ) 21,490 ( 54 ) 137,902 ( 422 ) Total $ 225,391 $ ( 642 ) $ 39,777 $ ( 119 ) $ 265,168 $ ( 761 ) December 31, 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 $ 250 $ — $ 2,175 $ ( 21 ) $ 2,425 $ ( 21 ) Commercial paper 8,921 ( 6 ) — — 8,921 ( 6 ) Corporate debt securities 77,023 ( 177 ) 25,156 ( 125 ) 102,179 ( 302 ) Municipal securities 7,071 ( 6 ) 4,215 ( 30 ) 11,286 ( 36 ) Government and agency debt 99,236 ( 181 ) 8,972 ( 69 ) 108,208 ( 250 ) Total $ 192,501 $ ( 370 ) $ 40,518 $ ( 245 ) $ 233,019 $ ( 615 ) As of June 30, 2024 and December 31, 2023 , 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, 2024
Fair Value Disclosures [Abstract]
Fair Value Measurements	5. Fair Value Measurements The following tables present information about the Company’s financial instruments that are measured at fair value on a recurring basis: June 30, 2024 Fair Value Level 1 Level 2 (in thousands) Financial Assets: Money market funds $ 174,364 $ 174,364 $ — Cash equivalents 174,364 174,364 — Certificates of deposit 504 — 504 Commercial paper 5,314 — 5,314 Corporate debt securities 104,349 — 104,349 Municipal securities 20,358 — 20,358 Government and agency debt 144,068 — 144,068 Marketable securities 274,593 — 274,593 Foreign currency contracts designated as hedging instruments included in prepaid expenses and other current assets 52 — 52 Foreign currency contracts not designated as hedging instruments included in prepaid expenses and other current assets 18 — 18 Restricted bank deposits included in prepaid expenses and other current assets 12 — 12 Total financial assets $ 449,039 $ 174,364 $ 274,675 Financial Liabilities: Foreign currency contracts designated as hedging instruments included in accrued expenses and other current liabilities $ 1,078 $ — $ 1,078 Foreign currency contracts not designated as hedging instruments included in accrued expenses and other current liabilities 302 — 302 Total financial liabilities $ 1,380 $ — $ 1,380 December 31, 2023 Fair Value Level 1 Level 2 (in thousands) Financial Assets: Money market funds $ 40,646 $ 40,646 $ — Government and agency debt 5,498 — 5,498 Cash equivalents 46,144 40,646 5,498 Certificates of deposit 2,434 — 2,434 Commercial paper 8,921 — 8,921 Corporate debt securities 162,447 — 162,447 Municipal securities 22,236 — 22,236 Government and agency debt 183,095 — 183,095 Marketable securities 379,133 — 379,133 Foreign currency contracts designated as hedging instruments included in prepaid expenses and other current assets 1,189 — 1,189 Foreign currency contracts not designated as hedging instruments included in prepaid expenses and other current assets 235 — 235 Restricted bank deposits included in prepaid expenses and other current assets 12 — 12 Total financial assets $ 426,713 $ 40,646 $ 386,067 Financial Liabilities: Foreign currency contracts designated as hedging instruments included in accrued expenses and other current liabilities $ 52 $ — $ 52 Foreign currency contracts not designated as hedging instruments included in accrued expenses and other current liabilities 5 — 5 Total financial liabilities $ 57 $ — $ 57 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 restricted cash, 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, 2024 and December 31, 2023 , 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, 2024
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, 2024 December 31, 2023 (in thousands) Derivatives Designated as Hedging Instruments: Foreign currency contracts $ 67,685 $ 46,331 Derivatives Not Designated as Hedging Instruments: Foreign currency contracts 18,336 18,903 Total derivative instruments $ 86,021 $ 65,234 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 gains (losses) on foreign currency contracts were presented on the Condensed Consolidated Statements of Operations 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, 2024 2023 2024 2023 2024 2023 2024 2023 Condensed Statement of Operations Location: (in thousands) Cost of revenue: subscription–self-managed and SaaS $ ( 10 ) $ ( 94 ) $ 10 $ ( 181 ) $ — $ — $ — $ — Research and development ( 93 ) ( 805 ) 94 ( 1,493 ) — — — — Sales and marketing ( 21 ) ( 188 ) 25 ( 340 ) — — — — General and administrative ( 25 ) ( 215 ) 26 ( 396 ) — — — — Interest and other income, net — — — — ( 339 ) ( 414 ) ( 562 ) ( 819 ) Total gains (losses) recognized in earnings $ ( 149 ) $ ( 1,302 ) $ 155 $ ( 2,410 ) $ ( 339 ) $ ( 414 ) $ ( 562 ) $ ( 819 ) 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, 2024 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, 2024
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, 2024 December 31, 2023 (in thousands) Computer and software $ 10,569 $ 9,030 Furniture and office equipment 3,243 3,135 Leasehold improvements 6,136 6,069 Property and equipment, gross 19,948 18,234 Less: accumulated depreciation and amortization ( 13,419 ) ( 11,571 ) Property and equipment, net $ 6,529 $ 6,663 Accrued Expenses and Other Current Liabilities Accrued expenses and other current liabilities consisted of the following: June 30, 2024 December 31, 2023 (in thousands) Accrued compensation and benefits $ 26,238 $ 25,166 Accrued expenses 13,720 10,649 Accrued expenses and other current liabilities $ 39,958 $ 35,815

Intangible Assets, Net

Intangible Assets, Net	6 Months Ended
	Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets, Net	8. Intangible Assets, Net Intangible assets consisted of the following as of June 30, 2024: Gross Carrying Accumulated Net Carrying Weighted- (in thousands) (in years) Developed technology $ 50,347 $ ( 32,841 ) $ 17,506 1.8 Customer relationships 5,541 ( 3,259 ) 2,282 2.6 Other intangible assets 1,132 ( 930 ) 202 0.4 Total $ 57,020 $ ( 37,030 ) $ 19,990 Intangible assets consisted of the following as of December 31, 2023: Gross Carrying Accumulated Net Carrying Weighted- (in thousands) (in years) Developed technology $ 50,347 $ ( 27,779 ) $ 22,568 2.3 Customer relationships 5,541 ( 2,786 ) 2,755 3.1 Other intangible assets 1,132 ( 687 ) 445 0.9 Total $ 57,020 $ ( 31,252 ) $ 25,768 Amortization expenses for intangible assets were $ 2.9 million and $ 3.0 million for the three months ended June 30, 2024 and 2023 , respectively, and $ 5.8 million and $ 5.9 million for the six months ended June 30, 2024 and 2023, respectively. The expected future amortization expenses by year related to the intangible assets as of June 30, 2024 are as follows: June 30, 2024 (in thousands) Year Ending December 31, 2024 (Remainder) $ 5,256 2025 9,110 2026 5,241 2027 383 Total $ 19,990

Leases

Leases	6 Months Ended
	Jun. 30, 2024
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, 2024 2023 2024 2023 (in thousands) Operating lease cost $ 2,275 $ 2,312 $ 4,550 $ 4,493 Short-term lease cost 213 202 389 314 Variable lease cost 115 110 218 206 Total operating lease cost $ 2,603 $ 2,624 $ 5,157 $ 5,013 Supplementary cash flow information related to operating leases was as follows: Six Months Ended June 30, 2024 2023 (in thousands) Cash paid for operating leases $ 4,499 $ 4,119 ROU assets obtained in exchange for new operating lease liabilities $ — $ 2,867 Adjustment to ROU assets upon modification of existing lease $ 164 $ 4,037 As of June 30, 2024 , the weighted-average discount rate is 3.4 % and the weighted-average remaining term is 2.4 years. Maturities of the Company’s operating lease liabilities as of June 30, 2024 were as follows: June 30, 2024 (in thousands) Year Ending December 31, 2024 (Remainder) $ 4,298 2025 7,938 2026 4,595 2027 1,609 2028 156 Total operating lease payments 18,596 Less: imputed interest ( 836 ) Total operating lease liabilities $ 17,760

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2024
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, 2024, the Company had outstanding non-cancelable purchase obligations with a term of 12 months or longer as follows: June 30, 2024 (in thousands) Year Ending December 31, 2024 (Remainder) $ 2,352 2025 16,136 2026 2,976 2027 25 2028 25 Total $ 21,514 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, 2024
Equity [Abstract]
Shareholders' Equity and Equity Incentive Plans	11. Shareholders’ Equity and Equity Incentive Plans Equity Incentive Plans Effective January 1, 2024 , the number of ordinary shares authorized for issuance under the 2020 Equity Incentive Plan (the “2020 Plan”) automatically increased by 6,070,667 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, 2023 5,110,390 $ 8.49 4.1 $ 134,171 Exercised ( 1,547,880 ) $ 4.92 $ 55,508 Forfeited ( 27,200 ) $ 15.69 Balance as of June 30, 2024 3,535,310 $ 10.00 4.4 $ 97,949 Exercisable as of June 30, 2024 3,155,059 $ 8.79 4.2 $ 91,095 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 performance-based RSUs with market conditions: RSUs Unvested RSUs Weighted-Average Unvested as of December 31, 2023 10,006,997 $ 25.91 Granted 2,549,375 $ 35.89 Vested ( 2,182,157 ) $ 26.83 Forfeited ( 635,031 ) $ 25.90 Unvested as of June 30, 2024 9,739,184 $ 28.34 The total release date fair value of RSUs was $ 79.7 million during the six months ended June 30, 2024. Employee Share Purchase Plan Effective January 1, 2024 , the number of ordinary shares authorized for issuance under the 2020 Employee Share Purchase Plan (“ESPP”) automatically increased by 1,061,148 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, 2024 Outstanding share options 3,535,310 Outstanding RSUs 9,739,184 Shares available for future issuance under the 2020 Plan 18,398,507 Shares available for future issuance under ESPP 5,164,907 Total ordinary shares reserved 36,837,908 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, 2024 2023 2024 2023 (in thousands) Cost of revenue: subscription–self-managed and SaaS $ 3,247 $ 2,019 $ 6,339 $ 4,215 Research and development 10,175 7,798 19,842 14,970 Sales and marketing 10,440 6,740 20,253 13,213 General and administrative 4,794 4,765 9,508 8,836 Total share-based compensation expense $ 28,656 $ 21,322 $ 55,942 $ 41,234 As of June 30, 2024 , unrecognized share-based compensation cost related to unvested share-based compensation awards was $ 262.0 million, which is expected to be recognized over a weighted-average period of 2.7 years.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	6 Months Ended
	Jun. 30, 2024
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, 2023 $ ( 124 ) $ 1,137 $ 1,013 Other comprehensive loss before reclassifications ( 553 ) ( 2,008 ) ( 2,561 ) Net realized gains reclassified from AOCI ( 24 ) ( 155 ) ( 179 ) Other comprehensive loss ( 577 ) ( 2,163 ) ( 2,740 ) Balance as of June 30, 2024 $ ( 701 ) $ ( 1,026 ) $ ( 1,727 ) 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 )

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2024
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, non-deductible expenses, excess tax benefits from share-based compensation awards, and changes in its valuation allowance. Income tax expense was $ 2.1 million and $ 1.5 million for the three months ended June 30, 2024 and 2023 , respectively, and $ 1.3 million and $ 3.0 million for the six months ended June 30, 2024 and 2023, respectively. The income tax expense for the periods consisted primarily of income taxes related to the Company’s operations in the United States. 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, 2024, 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 $ 5.4 million as of June 30, 2024 and December 31, 2023. As of June 30, 2024 , 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, 2024
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, 2024 2023 2024 2023 (in thousands, except share and per share data) Numerator: Net loss $ ( 14,303 ) $ ( 15,467 ) $ ( 23,093 ) $ ( 36,276 ) Denominator: Weighted-average shares used in computing net loss per share, basic and diluted 108,944,738 102,512,578 107,985,044 101,890,022 Net loss per share, basic and diluted $ ( 0.13 ) $ ( 0.15 ) $ ( 0.21 ) $ ( 0.36 ) 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, 2024 2023 2024 2023 Outstanding share options 3,676,090 6,504,444 4,109,787 6,763,415 Unvested RSUs 10,036,118 8,467,120 10,054,824 8,260,848 Share purchase rights under the ESPP 132,704 184,891 146,629 191,078 Issuable ordinary shares related to business combination — 55,466 — 55,466 Total 13,844,912 15,211,921 14,311,240 15,270,807

Subsequent Event

Subsequent Event	6 Months Ended
	Jun. 30, 2024
Subsequent Events [Abstract]
Subsequent Event	15. Subsequent Event On July 9, 2024, the Company acquired 100 % of the equity interest in Qwak AI Ltd. (“Qwak”), a privately-held company based in Israel, which offers an end-to-end platform for deploying, monitoring, and managing machine learning models at scale. The acquisition is expected to enhance the Company’s machine learning model management capabilities, enabling users to streamline the machine learning model lifecycle from development to deployment. The total consideration in exchange for Qwak’s outstanding shares and certain post-acquisition service was approximately $ 230.0 million, subject to adjustments, comprised of cash, the Company’s ordinary shares, and equity awards. Given the timing of the completion of the acquisition, the Company has not determined the fair value of assets acquired and liabilities assumed in the acquisition.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2024
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, 2023 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, 2023, included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023 filed with the SEC on February 15, 2024. 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, 2024, the Company’s consolidated results of operations and shareholders’ equity for the three and six months ended June 30, 2024 and 2023, and cash flows for the six months ended June 30, 2024 and 2023. The results for the three and six months ended June 30, 2024 are not necessarily indicative of the results to be expected for the full year ending December 31, 2024 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 benefit period of deferred contract acquisition costs, the allowance for credit losses, 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, 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, 2023. There have been no significant changes to these policies during the six months ended June 30, 2024 .
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 restricted cash, 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, 2024 and December 31, 2023 , 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 $ 7.2 million and $ 5.1 million for the three months ended June 30, 2024 and 2023 , respectively, and $ 14.3 million and $ 9.5 million for the six months ended June 30, 2024 and 2023 , 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, 2024 December 31, 2023 (in thousands) United States $ 7,347 $ 8,566 Israel 13,651 15,888 India 3,542 4,054 Rest of world 361 582 Total long-lived assets $ 24,901 $ 29,090
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements In November 2023, the Financial Accounting Standard Board (“FASB”) issued ASU 2023-07, Segment Reporting (Topic 280), Improvements to Reportable Segment Disclosures , which expands annual and interim disclosure requirements for reportable segments, primarily through enhanced disclosures about significant segment expenses. In addition, it provides new segment disclosure requirements for entities with a single reportable segment. The guidance will be effective for the Company for annual periods beginning January 1, 2024 and for interim periods beginning January 1, 2025. Early adoption is permitted. The Company is currently evaluating the impact on its financial statement disclosures. In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740), Improvements to Income Tax Disclosures , which requires disaggregated information about the effective tax rate reconciliation as well as information on income taxes paid. The guidance will be effective for the Company for annual periods beginning January 1, 2025, with e arly adoption permitted. The Company is currently evaluating the impact on its financial statement disclosures.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	6 Months Ended
	Jun. 30, 2024
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, 2024 December 31, 2023 (in thousands) United States $ 7,347 $ 8,566 Israel 13,651 15,888 India 3,542 4,054 Rest of world 361 582 Total long-lived assets $ 24,901 $ 29,090

Revenue Recognition (Tables)

Revenue Recognition (Tables)	6 Months Ended
	Jun. 30, 2024
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, 2024 2023 2024 2023 Amount Percentage Amount Percentage Amount Percentage Amount Percentage (in thousands, except percentages) Self-managed subscription $ 63,765 62 % $ 56,530 67 % $ 127,155 63 % $ 111,310 68 % Subscription 59,126 57 51,827 61 117,611 58 101,330 62 License 4,639 5 4,703 6 9,544 5 9,980 6 SaaS 39,278 38 27,640 33 76,199 37 52,680 32 Total subscription revenue $ 103,043 100 % $ 84,170 100 % $ 203,354 100 % $ 163,990 100 %
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, 2024 2023 2024 2023 Amount Percentage Amount Percentage Amount Percentage Amount Percentage (in thousands, except percentages) United States $ 62,333 60 % $ 51,739 61 % $ 122,991 60 % $ 101,278 62 % Israel 2,832 3 2,231 3 5,765 3 4,274 3 Rest of world 37,878 37 30,200 36 74,598 37 58,438 35 Total subscription revenue $ 103,043 100 % $ 84,170 100 % $ 203,354 100 % $ 163,990 100 %

Short-Term Investments (Tables)

Short-Term Investments (Tables)	6 Months Ended
	Jun. 30, 2024
Investments, All Other Investments [Abstract]
Summary of Marketable Securities	of the following: June 30, 2024 Amortized Gross Gross Estimated (in thousands) Certificates of deposit $ 505 $ — $ ( 1 ) $ 504 Commercial paper 5,326 — ( 12 ) 5,314 Corporate debt securities 104,632 — ( 283 ) 104,349 Municipal securities 20,401 — ( 43 ) 20,358 Government and agency debt 144,486 4 ( 422 ) 144,068 Total marketable securities $ 275,350 $ 4 $ ( 761 ) $ 274,593 December 31, 2023 Amortized Gross Gross Estimated (in thousands) Certificates of deposit $ 2,455 $ — $ ( 21 ) $ 2,434 Commercial paper 8,927 — ( 6 ) 8,921 Corporate debt securities 162,515 234 ( 302 ) 162,447 Municipal securities 22,263 9 ( 36 ) 22,236 Government and agency debt 183,093 252 ( 250 ) 183,095 Total marketable securities $ 379,253 $ 495 $ ( 615 ) $ 379,133
Summary of Company's Marketable Securities by Contractual Maturities	The following table summarizes the Company’s marketable securities by contractual maturities: June 30, 2024 (in thousands) Due in 1 year or less $ 171,219 Due in 1 year through 2 years 103,374 Total $ 274,593
Summary of Presents Fair Value and Gross Unrealized Losses of the Company's Marketable Securities	The following tables present 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, 2024 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 $ 250 $ ( 1 ) $ 254 $ — $ 504 $ ( 1 ) Commercial paper 5,314 ( 12 ) — — 5,314 ( 12 ) Corporate debt securities 88,112 ( 220 ) 14,746 ( 63 ) 102,858 ( 283 ) Municipal securities 15,303 ( 41 ) 3,287 ( 2 ) 18,590 ( 43 ) Government and agency debt 116,412 ( 368 ) 21,490 ( 54 ) 137,902 ( 422 ) Total $ 225,391 $ ( 642 ) $ 39,777 $ ( 119 ) $ 265,168 $ ( 761 ) December 31, 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 $ 250 $ — $ 2,175 $ ( 21 ) $ 2,425 $ ( 21 ) Commercial paper 8,921 ( 6 ) — — 8,921 ( 6 ) Corporate debt securities 77,023 ( 177 ) 25,156 ( 125 ) 102,179 ( 302 ) Municipal securities 7,071 ( 6 ) 4,215 ( 30 ) 11,286 ( 36 ) Government and agency debt 99,236 ( 181 ) 8,972 ( 69 ) 108,208 ( 250 ) Total $ 192,501 $ ( 370 ) $ 40,518 $ ( 245 ) $ 233,019 $ ( 615 )

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2024
Fair Value Disclosures [Abstract]
Summary of Fair Value by Balance Sheet Grouping	The following tables present information about the Company’s financial instruments that are measured at fair value on a recurring basis: June 30, 2024 Fair Value Level 1 Level 2 (in thousands) Financial Assets: Money market funds $ 174,364 $ 174,364 $ — Cash equivalents 174,364 174,364 — Certificates of deposit 504 — 504 Commercial paper 5,314 — 5,314 Corporate debt securities 104,349 — 104,349 Municipal securities 20,358 — 20,358 Government and agency debt 144,068 — 144,068 Marketable securities 274,593 — 274,593 Foreign currency contracts designated as hedging instruments included in prepaid expenses and other current assets 52 — 52 Foreign currency contracts not designated as hedging instruments included in prepaid expenses and other current assets 18 — 18 Restricted bank deposits included in prepaid expenses and other current assets 12 — 12 Total financial assets $ 449,039 $ 174,364 $ 274,675 Financial Liabilities: Foreign currency contracts designated as hedging instruments included in accrued expenses and other current liabilities $ 1,078 $ — $ 1,078 Foreign currency contracts not designated as hedging instruments included in accrued expenses and other current liabilities 302 — 302 Total financial liabilities $ 1,380 $ — $ 1,380 December 31, 2023 Fair Value Level 1 Level 2 (in thousands) Financial Assets: Money market funds $ 40,646 $ 40,646 $ — Government and agency debt 5,498 — 5,498 Cash equivalents 46,144 40,646 5,498 Certificates of deposit 2,434 — 2,434 Commercial paper 8,921 — 8,921 Corporate debt securities 162,447 — 162,447 Municipal securities 22,236 — 22,236 Government and agency debt 183,095 — 183,095 Marketable securities 379,133 — 379,133 Foreign currency contracts designated as hedging instruments included in prepaid expenses and other current assets 1,189 — 1,189 Foreign currency contracts not designated as hedging instruments included in prepaid expenses and other current assets 235 — 235 Restricted bank deposits included in prepaid expenses and other current assets 12 — 12 Total financial assets $ 426,713 $ 40,646 $ 386,067 Financial Liabilities: Foreign currency contracts designated as hedging instruments included in accrued expenses and other current liabilities $ 52 $ — $ 52 Foreign currency contracts not designated as hedging instruments included in accrued expenses and other current liabilities 5 — 5 Total financial liabilities $ 57 $ — $ 57

Derivative Financial Instrume_2

Derivative Financial Instruments and Hedging (Tables)	6 Months Ended
	Jun. 30, 2024
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, 2024 December 31, 2023 (in thousands) Derivatives Designated as Hedging Instruments: Foreign currency contracts $ 67,685 $ 46,331 Derivatives Not Designated as Hedging Instruments: Foreign currency contracts 18,336 18,903 Total derivative instruments $ 86,021 $ 65,234
Derivative Instruments, Gain (Loss)	The gains (losses) on foreign currency contracts were presented on the Condensed Consolidated Statements of Operations 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, 2024 2023 2024 2023 2024 2023 2024 2023 Condensed Statement of Operations Location: (in thousands) Cost of revenue: subscription–self-managed and SaaS $ ( 10 ) $ ( 94 ) $ 10 $ ( 181 ) $ — $ — $ — $ — Research and development ( 93 ) ( 805 ) 94 ( 1,493 ) — — — — Sales and marketing ( 21 ) ( 188 ) 25 ( 340 ) — — — — General and administrative ( 25 ) ( 215 ) 26 ( 396 ) — — — — Interest and other income, net — — — — ( 339 ) ( 414 ) ( 562 ) ( 819 ) Total gains (losses) recognized in earnings $ ( 149 ) $ ( 1,302 ) $ 155 $ ( 2,410 ) $ ( 339 ) $ ( 414 ) $ ( 562 ) $ ( 819 )

Condensed Consolidated Balanc_4

Condensed Consolidated Balance Sheet Components (Tables)	6 Months Ended
	Jun. 30, 2024
Balance Sheet Related Disclosures [Abstract]
Summary of Property and Equipment	Property and equipment, net consisted of the following: June 30, 2024 December 31, 2023 (in thousands) Computer and software $ 10,569 $ 9,030 Furniture and office equipment 3,243 3,135 Leasehold improvements 6,136 6,069 Property and equipment, gross 19,948 18,234 Less: accumulated depreciation and amortization ( 13,419 ) ( 11,571 ) Property and equipment, net $ 6,529 $ 6,663
Summary of Accrued Expenses and Other Current Liabilities	Accrued expenses and other current liabilities consisted of the following: June 30, 2024 December 31, 2023 (in thousands) Accrued compensation and benefits $ 26,238 $ 25,166 Accrued expenses 13,720 10,649 Accrued expenses and other current liabilities $ 39,958 $ 35,815

Intangible Assets, Net (Tables)

Intangible Assets, Net (Tables)	6 Months Ended
	Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Summary of intangible assets	Intangible assets consisted of the following as of June 30, 2024: Gross Carrying Accumulated Net Carrying Weighted- (in thousands) (in years) Developed technology $ 50,347 $ ( 32,841 ) $ 17,506 1.8 Customer relationships 5,541 ( 3,259 ) 2,282 2.6 Other intangible assets 1,132 ( 930 ) 202 0.4 Total $ 57,020 $ ( 37,030 ) $ 19,990 Intangible assets consisted of the following as of December 31, 2023: Gross Carrying Accumulated Net Carrying Weighted- (in thousands) (in years) Developed technology $ 50,347 $ ( 27,779 ) $ 22,568 2.3 Customer relationships 5,541 ( 2,786 ) 2,755 3.1 Other intangible assets 1,132 ( 687 ) 445 0.9 Total $ 57,020 $ ( 31,252 ) $ 25,768
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, 2024 are as follows: June 30, 2024 (in thousands) Year Ending December 31, 2024 (Remainder) $ 5,256 2025 9,110 2026 5,241 2027 383 Total $ 19,990

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 30, 2024
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, 2024 2023 2024 2023 (in thousands) Operating lease cost $ 2,275 $ 2,312 $ 4,550 $ 4,493 Short-term lease cost 213 202 389 314 Variable lease cost 115 110 218 206 Total operating lease cost $ 2,603 $ 2,624 $ 5,157 $ 5,013
Supplementary Cash Flow Information Related to Operating Leases	Supplementary cash flow information related to operating leases was as follows: Six Months Ended June 30, 2024 2023 (in thousands) Cash paid for operating leases $ 4,499 $ 4,119 ROU assets obtained in exchange for new operating lease liabilities $ — $ 2,867 Adjustment to ROU assets upon modification of existing lease $ 164 $ 4,037
Summary of Minimum Lease Payments Under Operating Leases	As of June 30, 2024 , the weighted-average discount rate is 3.4 % and the weighted-average remaining term is 2.4 years. Maturities of the Company’s operating lease liabilities as of June 30, 2024 were as follows: June 30, 2024 (in thousands) Year Ending December 31, 2024 (Remainder) $ 4,298 2025 7,938 2026 4,595 2027 1,609 2028 156 Total operating lease payments 18,596 Less: imputed interest ( 836 ) Total operating lease liabilities $ 17,760

Commitments and Contingencies (

Commitments and Contingencies (Tables)	6 Months Ended
	Jun. 30, 2024
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, 2024, the Company had outstanding non-cancelable purchase obligations with a term of 12 months or longer as follows: June 30, 2024 (in thousands) Year Ending December 31, 2024 (Remainder) $ 2,352 2025 16,136 2026 2,976 2027 25 2028 25 Total $ 21,514

Shareholders' Equity and Equi_2

Shareholders' Equity and Equity Incentive Plans (Tables)	6 Months Ended
	Jun. 30, 2024
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, 2023 5,110,390 $ 8.49 4.1 $ 134,171 Exercised ( 1,547,880 ) $ 4.92 $ 55,508 Forfeited ( 27,200 ) $ 15.69 Balance as of June 30, 2024 3,535,310 $ 10.00 4.4 $ 97,949 Exercisable as of June 30, 2024 3,155,059 $ 8.79 4.2 $ 91,095
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 performance-based RSUs with market conditions: RSUs Unvested RSUs Weighted-Average Unvested as of December 31, 2023 10,006,997 $ 25.91 Granted 2,549,375 $ 35.89 Vested ( 2,182,157 ) $ 26.83 Forfeited ( 635,031 ) $ 25.90 Unvested as of June 30, 2024 9,739,184 $ 28.34
Summary of Ordinary Shares Reserved for Future Issuance	The Company has the following ordinary shares reserved for future issuance: June 30, 2024 Outstanding share options 3,535,310 Outstanding RSUs 9,739,184 Shares available for future issuance under the 2020 Plan 18,398,507 Shares available for future issuance under ESPP 5,164,907 Total ordinary shares reserved 36,837,908
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, 2024 2023 2024 2023 (in thousands) Cost of revenue: subscription–self-managed and SaaS $ 3,247 $ 2,019 $ 6,339 $ 4,215 Research and development 10,175 7,798 19,842 14,970 Sales and marketing 10,440 6,740 20,253 13,213 General and administrative 4,794 4,765 9,508 8,836 Total share-based compensation expense $ 28,656 $ 21,322 $ 55,942 $ 41,234

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Loss) (Tables)	6 Months Ended
	Jun. 30, 2024
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, 2023 $ ( 124 ) $ 1,137 $ 1,013 Other comprehensive loss before reclassifications ( 553 ) ( 2,008 ) ( 2,561 ) Net realized gains reclassified from AOCI ( 24 ) ( 155 ) ( 179 ) Other comprehensive loss ( 577 ) ( 2,163 ) ( 2,740 ) Balance as of June 30, 2024 $ ( 701 ) $ ( 1,026 ) $ ( 1,727 ) 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 Loss Per Share (Tables)

Net Loss Per Share (Tables)	6 Months Ended
	Jun. 30, 2024
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, 2024 2023 2024 2023 (in thousands, except share and per share data) Numerator: Net loss $ ( 14,303 ) $ ( 15,467 ) $ ( 23,093 ) $ ( 36,276 ) Denominator: Weighted-average shares used in computing net loss per share, basic and diluted 108,944,738 102,512,578 107,985,044 101,890,022 Net loss per share, basic and diluted $ ( 0.13 ) $ ( 0.15 ) $ ( 0.21 ) $ ( 0.36 )
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, 2024 2023 2024 2023 Outstanding share options 3,676,090 6,504,444 4,109,787 6,763,415 Unvested RSUs 10,036,118 8,467,120 10,054,824 8,260,848 Share purchase rights under the ESPP 132,704 184,891 146,629 191,078 Issuable ordinary shares related to business combination — 55,466 — 55,466 Total 13,844,912 15,211,921 14,311,240 15,270,807

Summary of Significant Accoun_4

Summary of Significant Accounting Policies - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Accounting Policies [Abstract]
Interest income	$ 7.2	$ 5.1	$ 14.3	$ 9.5

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Summary of Long Lived Assets by Geographic Region (Detail) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Total long lived assets	$ 24,901	$ 29,090
United States
Total long lived assets	7,347	8,566
Israel
Total long lived assets	13,651	15,888
India
Total long lived assets	3,542	4,054
Rest of world
Total long lived assets	$ 361	$ 582

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, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Disaggregation of Revenue [Line Items]
Total subscription revenue	$ 103,043	$ 84,170	$ 203,354	$ 163,990
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	$ 59,126	$ 51,827	$ 117,611	$ 101,330
Subscription | Sale revenue [Member] | Product Concentration Risk [Member]
Disaggregation of Revenue [Line Items]
Percentage of revenue	57%	61%	58%	62%
Selfmanaged Subscription [Member]
Disaggregation of Revenue [Line Items]
Total subscription revenue	$ 63,765	$ 56,530	$ 127,155	$ 111,310
Selfmanaged Subscription [Member] | Sale revenue [Member] | Product Concentration Risk [Member]
Disaggregation of Revenue [Line Items]
Percentage of revenue	62%	67%	63%	68%
License [Member]
Disaggregation of Revenue [Line Items]
Total subscription revenue	$ 4,639	$ 4,703	$ 9,544	$ 9,980
License [Member] | Sale revenue [Member] | Product Concentration Risk [Member]
Disaggregation of Revenue [Line Items]
Percentage of revenue	5%	6%	5%	6%
SaaS [Member]
Disaggregation of Revenue [Line Items]
Total subscription revenue	$ 39,278	$ 27,640	$ 76,199	$ 52,680
SaaS [Member] | Sale revenue [Member] | Product Concentration Risk [Member]
Disaggregation of Revenue [Line Items]
Percentage of revenue	38%	33%	37%	32%

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, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Disaggregation of Revenue [Line Items]
Total subscription revenue	$ 103,043	$ 84,170	$ 203,354	$ 163,990
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	$ 62,333	$ 51,739	$ 122,991	$ 101,278
UNITED STATES | Revenue Benchmark [Member] | Geographic Concentration Risk [Member]
Disaggregation of Revenue [Line Items]
Percentage of revenue	60%	61%	60%	62%
ISRAEL
Disaggregation of Revenue [Line Items]
Total subscription revenue	$ 2,832	$ 2,231	$ 5,765	$ 4,274
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	$ 37,878	$ 30,200	$ 74,598	$ 58,438
Rest of world [Member] | Revenue Benchmark [Member] | Geographic Concentration Risk [Member]
Disaggregation of Revenue [Line Items]
Percentage of revenue	37%	36%	37%	35%

Revenue Recognition - Additiona

Revenue Recognition - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023	Dec. 31, 2022
Disaggregation of Revenue [Line Items]
Deferred Revenue					$ 211.2	$ 214.1	$ 178.4	$ 175.7
Contract with Customer, Liability, Revenue Recognized	$ 83.6	$ 64.8	$ 144	$ 111.8
Revenue, Remaining Performance Obligation	$ 272		$ 272
Revenue, Remaining Performance Obligation, Percentage	82%		82%
Amortization of deferred contract acquisition costs	$ 3.3	$ 2.4	$ 6.4	$ 4.6
Billed Revenues [Member]
Disaggregation of Revenue [Line Items]
Revenue, Remaining Performance Obligation	221.3		221.3
Unbilled Revenues [Member]
Disaggregation of Revenue [Line Items]
Revenue, Remaining Performance Obligation	$ 50.7		$ 50.7

Revenue Recognition - Additio_2

Revenue Recognition - Additional Information (Detail 1)	Jun. 30, 2024
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-07-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period	12 months

Short-Term Investments - Summar

Short-Term Investments - Summary of Marketable Securities (Detail) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Schedule of short term investments [Line Items]
Amortized cost	$ 275,350	$ 379,253
Gross Unrealized Gains	4	495
Gross Unrealized Losses	(761)	(615)
Estimated Fair Value	274,593	379,133
Certificates of deposit [Member]
Schedule of short term investments [Line Items]
Amortized cost	505	2,455
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(1)	(21)
Estimated Fair Value	504	2,434
Commercial paper [Member]
Schedule of short term investments [Line Items]
Amortized cost	5,326	8,927
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(12)	(6)
Estimated Fair Value	5,314	8,921
Corporate debt securities [Member]
Schedule of short term investments [Line Items]
Amortized cost	104,632	162,515
Gross Unrealized Gains	0	234
Gross Unrealized Losses	(283)	(302)
Estimated Fair Value	104,349	162,447
Municipal securities [Member]
Schedule of short term investments [Line Items]
Amortized cost	20,401	22,263
Gross Unrealized Gains	0	9
Gross Unrealized Losses	(43)	(36)
Estimated Fair Value	20,358	22,236
Government and agency debt [Member]
Schedule of short term investments [Line Items]
Amortized cost	144,486	183,093
Gross Unrealized Gains	4	252
Gross Unrealized Losses	(422)	(250)
Estimated Fair Value	$ 144,068	$ 183,095

Short-Term Investments - Summ_2

Short-Term Investments - Summary of Company's Marketable Securities by Contractual Maturities (Details) $ in Thousands	Jun. 30, 2024 USD ($)
Debt Securities, Available-for-Sale, Fair Value, Fiscal Year Maturity [Abstract]
Due in 1 year or less	$ 171,219
Due in 1 year through 2 years	103,374
Total	$ 274,593

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, 2024	Dec. 31, 2023
Debt Securities, Available-for-Sale, Unrealized Loss Position [Line Items]
Fair Value, Less Than 12 Months	$ 225,391	$ 192,501
Gross Unrealized Losses Less Than 12 Months	(642)	(370)
Fair Value, 12 Months or Greater	39,777	40,518
Gross Unrealized Losses 12 Months or Greater	(119)	(245)
Debt Securities, Available-for-Sale, Unrealized Loss Position	265,168	233,019
Gross Unrealized Losses Total	(761)	(615)
Certificates of Deposit [Member]
Debt Securities, Available-for-Sale, Unrealized Loss Position [Line Items]
Fair Value, Less Than 12 Months	250	250
Gross Unrealized Losses Less Than 12 Months	(1)	0
Fair Value, 12 Months or Greater	254	2,175
Gross Unrealized Losses 12 Months or Greater	0	(21)
Debt Securities, Available-for-Sale, Unrealized Loss Position	504	2,425
Gross Unrealized Losses Total	(1)	(21)
Commercial Paper [Member]
Debt Securities, Available-for-Sale, Unrealized Loss Position [Line Items]
Fair Value, Less Than 12 Months	5,314	8,921
Gross Unrealized Losses Less Than 12 Months	(12)	(6)
Fair Value, 12 Months or Greater	0	0
Gross Unrealized Losses 12 Months or Greater	0	0
Debt Securities, Available-for-Sale, Unrealized Loss Position	5,314	8,921
Gross Unrealized Losses Total	(12)	(6)
Corporate Debt Securities [Member]
Debt Securities, Available-for-Sale, Unrealized Loss Position [Line Items]
Fair Value, Less Than 12 Months	88,112	77,023
Gross Unrealized Losses Less Than 12 Months	(220)	(177)
Fair Value, 12 Months or Greater	14,746	25,156
Gross Unrealized Losses 12 Months or Greater	(63)	(125)
Debt Securities, Available-for-Sale, Unrealized Loss Position	102,858	102,179
Gross Unrealized Losses Total	(283)	(302)
Municipal securities [Member]
Debt Securities, Available-for-Sale, Unrealized Loss Position [Line Items]
Fair Value, Less Than 12 Months	15,303	7,071
Gross Unrealized Losses Less Than 12 Months	(41)	(6)
Fair Value, 12 Months or Greater	3,287	4,215
Gross Unrealized Losses 12 Months or Greater	(2)	(30)
Debt Securities, Available-for-Sale, Unrealized Loss Position	18,590	11,286
Gross Unrealized Losses Total	(43)	(36)
Government and agency debt [Member]
Debt Securities, Available-for-Sale, Unrealized Loss Position [Line Items]
Fair Value, Less Than 12 Months	116,412	99,236
Gross Unrealized Losses Less Than 12 Months	(368)	(181)
Fair Value, 12 Months or Greater	21,490	8,972
Gross Unrealized Losses 12 Months or Greater	(54)	(69)
Debt Securities, Available-for-Sale, Unrealized Loss Position	137,902	108,208
Gross Unrealized Losses Total	$ (422)	$ (250)

Short-Term Investments - Additi

Short-Term Investments - Additional Information (Details) - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items]
Short- term investments	$ 373,013,000	$ 460,245,000
Allowance for credit losses	0	0
Bank deposits [Member]
Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items]
Short- term investments	$ 98,400,000	$ 81,100,000

Fair Value Measurements - Summa

Fair Value Measurements - Summary of Fair Value by Balance Sheet Grouping (Detail) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Marketable securities	$ 274,593	$ 379,133
Level 1
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash equivalents	174,364	40,646
Total financial assets	174,364	40,646
Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash equivalents		5,498
Marketable securities	274,593	379,133
Total financial assets	274,675	386,067
Total financial liabilities	1,380	57
Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash equivalents	174,364	46,144
Marketable securities	274,593	379,133
Total financial assets	449,039	426,713
Total financial liabilities	1,380	57
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	52	1,189
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	52	1,189
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	18	235
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	18	235
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	1,078	52
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	1,078	52
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	302	5
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	302	5
Money market funds | Level 1
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash equivalents	174,364	40,646
Money market funds | Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash equivalents	174,364	40,646
Certificates of deposit | Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Marketable securities	504	2,434
Certificates of deposit | Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Marketable securities	504	2,434
Commercial paper | Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Marketable securities	5,314	8,921
Commercial paper | Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Marketable securities	5,314	8,921
Corporate debt securities | Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Marketable securities	104,349	162,447
Corporate debt securities | Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Marketable securities	104,349	162,447
Municipal securities | Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Marketable securities	20,358	22,236
Municipal securities | Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Marketable securities	20,358	22,236
Government and agency debt | Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash equivalents		5,498
Marketable securities	144,068	183,095
Government and agency debt | Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash equivalents		5,498
Marketable securities	$ 144,068	$ 183,095

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Detail) - Level 3 - USD ($)	Jun. 30, 2024	Dec. 31, 2023
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, 2024	Dec. 31, 2023
Derivatives, Fair Value [Line Items]
Total derivative instruments	$ 86,021	$ 65,234
Foreign currency contracts [Member] | Derivatives designated as hedging instruments [Member]
Derivatives, Fair Value [Line Items]
Total derivative instruments	67,685	46,331
Foreign currency contracts [Member] | Derivatives not designated as hedging instruments [Member]
Derivatives, Fair Value [Line Items]
Total derivative instruments	$ 18,336	$ 18,903

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, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Derivatives designated as hedging instruments [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Total gains (losses) recognized in earnings	$ (149)	$ (1,302)	$ 155	$ (2,410)
Derivatives not designated as hedging instruments [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Total gains (losses) recognized in earnings	(339)	(414)	(562)	(819)
Foreign Currency Contracts [Member] | Derivatives not designated as hedging instruments [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Total gains (losses) recognized in earnings	$ (339)	$ (414)	$ (562)	$ (819)
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] | Subscription–self-managed and SaaS [Member] | Derivatives designated as hedging instruments [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Total gains (losses) recognized in earnings	$ (10)	$ (94)	$ 10	$ (181)
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 gains (losses) recognized in earnings	$ (93)	$ (805)	$ 94	$ (1,493)
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 gains (losses) recognized in earnings	$ (21)	$ (188)	$ 25	$ (340)
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 gains (losses) recognized in earnings	$ (25)	$ (215)	$ 26	$ (396)
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, 2024	Dec. 31, 2023
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 19,948	$ 18,234
Less: accumulated depreciation and amortization	(13,419)	(11,571)
Property and equipment, net	6,529	6,663
Computer and Software
Property, Plant and Equipment [Line Items]
Property and equipment, gross	10,569	9,030
Furniture and Office Equipment
Property, Plant and Equipment [Line Items]
Property and equipment, gross	3,243	3,135
Leasehold Improvements
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 6,136	$ 6,069

Condensed Consolidated Balanc_6

Condensed Consolidated Balance Sheet Components - Summary of Accrued Expenses and Other Current Liabilities (Detail) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Balance Sheet Related Disclosures [Abstract]
Accrued compensation and benefits	$ 26,238	$ 25,166
Accrued expenses	13,720	10,649
Accrued expenses and other current liabilities	$ 39,958	$ 35,815

Intangible Assets, Net - Summar

Intangible Assets, Net - Summary of Intangible Assets (Detail) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Intangible Assets [Line items]
Gross Carrying Amount	$ 57,020	$ 57,020
Accumulated Amortization	(37,030)	(31,252)
Net Carrying Amount	19,990	25,768
Developed technology [Member]
Intangible Assets [Line items]
Gross Carrying Amount	50,347	50,347
Accumulated Amortization	(32,841)	(27,779)
Net Carrying Amount	$ 17,506	$ 22,568
Weighted- Average Remaining Useful Life	1 year 9 months 18 days	2 years 3 months 18 days
Customer relationships [Member]
Intangible Assets [Line items]
Gross Carrying Amount	$ 5,541	$ 5,541
Accumulated Amortization	(3,259)	(2,786)
Net Carrying Amount	$ 2,282	$ 2,755
Weighted- Average Remaining Useful Life	2 years 7 months 6 days	3 years 1 month 6 days
Other intangible assets [Member]
Intangible Assets [Line items]
Gross Carrying Amount	$ 1,132	$ 1,132
Accumulated Amortization	(930)	(687)
Net Carrying Amount	$ 202	$ 445
Weighted- Average Remaining Useful Life	4 months 24 days	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, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Intangible Assets [Line items]
Amortization expenses for intangible assets	$ 2.9	$ 3	$ 5.8	$ 5.9

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, 2024	Dec. 31, 2023
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]
2024 (Remainder)	$ 5,256
2025	9,110
2026	5,241
2027	383
Net Carrying Amount	$ 19,990	$ 25,768

Leases - Components of Operatin

Leases - Components of Operating Lease Expense (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Lease, Cost [Abstract]
Operating lease cost	$ 2,275	$ 2,312	$ 4,550	$ 4,493
Short-term lease cost	213	202	389	314
Variable lease cost	115	110	218	206
Total operating lease cost	$ 2,603	$ 2,624	$ 5,157	$ 5,013

Leases - Additional Information

Leases - Additional Information (Details)	Jun. 30, 2024
Lessee, Lease, Description [Line Items]
Operating Lease, Weighted Average Remaining Lease Term	2 years 4 months 24 days
Operating Lease, Weighted Average Discount Rate, Percent	3.40%

Leases - Supplemental Cash Flow

Leases - Supplemental Cash Flow Information Related to Operating Lease (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Leases [Abstract]
Cash paid for operating leases	$ 4,499	$ 4,119
ROU assets obtained in exchange for new operating lease liabilities	0	2,867
Adjustment to ROU assets upon modification of existing lease	$ 164	$ 4,037

Leases - Schedule of Maturities

Leases - Schedule of Maturities of Operating Lease Liabilities (Details) $ in Thousands	Jun. 30, 2024 USD ($)
Lessee, Operating Lease, Liability, to be Paid, Fiscal Year Maturity [Abstract]
2024 (Remainder)	$ 4,298
2025	7,938
2026	4,595
2027	1,609
2028	156
Total operating lease payments	18,596
Less: imputed interest	(836)
Total operating lease liabilities	$ 17,760

Commitments and Contingencies -

Commitments and Contingencies - Summary of Outstanding Non-cancelable Purchase Obligations (Detail) $ in Thousands	Jun. 30, 2024 USD ($)
Commitments and Contingencies Disclosure [Abstract]
2024 (Remainder)	$ 2,352
2025	16,136
2026	2,976
2027	25
2028	25
Total	$ 21,514

Commitments and Contingencies_2

Commitments and Contingencies - Additional Information (Detail) $ in Millions	6 Months Ended
	Jun. 30, 2024 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, 2024	Jun. 30, 2024
Unrecognized share-based compensation cost		$ 262
Unrecognized share based compensation cost expected to be recognised period		2 years 8 months 12 days
2020 Plan [Member]
Share-based payment arrangement, increase of authorized shares	6,070,667
Employee Share Purchase Plan [Member]
Share-based payment arrangement, increase of authorized shares	1,061,148
Restricted Stock Units (RSUs) [Member]
Fair value of RSU		$ 79.7

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, 2024 USD ($) $ / shares shares	Dec. 31, 2023 USD ($) $ / shares shares
Share-Based Payment Arrangement [Abstract]
Outstanding Share Options, Beginning balance | shares	5,110,390
Outstanding Share Options, Exercised | shares	(1,547,880)
Outstanding Share Options, Forfeited | shares	(27,200)
Outstanding Share Options, Ending balance | shares	3,535,310	5,110,390
Outstanding Share Options, Exercisable | shares	3,155,059
Weighted Average Exercise Price Per Share, Beginning balance | $ / shares	$ 8.49
Weighted Average Exercise Price Per Share, Exercised | $ / shares	4.92
Weighted Average Exercise Price Per Share, Forfeited | $ / shares	15.69
Weighted Average Exercise Price Per Share, Ending balance | $ / shares	10	$ 8.49
Weighted Average Exercise Price Per Share, Exercisable | $ / shares	$ 8.79
Weighted Average Remaining Contractual Life	4 years 4 months 24 days	4 years 1 month 6 days
Weighted Average Remaining Contractual Life, Exercisable	4 years 2 months 12 days
Aggregate Intrinsic Value, Beginning balance | $	$ 134,171
Aggregate Intrinsic Value, Exercised | $	55,508
Aggregate Intrinsic Value, Ending balance | $	97,949	$ 134,171
Aggregate Intrinsic Value, Exercisable | $	$ 91,095

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, 2024 $ / shares shares
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Unvested RSUs, Beginning balance | shares	10,006,997
Unvested RSUs, Granted | shares	2,549,375
Unvested RSUs, Vested | shares	(2,182,157)
Unvested RSUs, Forfeited | shares	(635,031)
Unvested RSUs, Ending balance | shares	9,739,184
Weighted Average Grant Date Fair Value Per Share, Beginning balance | $ / shares	$ 25.91
Weighted Average Grant Date Fair Value Per Share, Granted | $ / shares	35.89
Weighted Average Grant Date Fair Value Per Share, Vested | $ / shares	26.83
Weighted Average Grant Date Fair Value Per Share, Forfeited | $ / shares	25.9
Weighted Average Grant Date Fair Value Per Share, Ending balance | $ / shares	$ 28.34

Shareholders' Equity and Equi_6

Shareholders' Equity and Equity Incentive Plans - Summary of Ordinary Shares Reserved for Future Issuance (Detail)	Jun. 30, 2024 shares
Class of Stock [Line Items]
Common Stock Reserved for Future Issuance	36,837,908
2020 Plan [Member]
Class of Stock [Line Items]
Common Stock Reserved for Future Issuance	18,398,507
Employee Stock Purchase Plan [Member]
Class of Stock [Line Items]
Common Stock Reserved for Future Issuance	5,164,907
Employee Stock Option
Class of Stock [Line Items]
Common Stock Reserved for Future Issuance	3,535,310
Restricted Stock Units (RSUs) [Member]
Class of Stock [Line Items]
Common Stock Reserved for Future Issuance	9,739,184

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, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	$ 28,656	$ 21,322	$ 55,942	$ 41,234
Cost of Revenue [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	3,247	2,019	6,339	4,215
Research and Development [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	10,175	7,798	19,842	14,970
Sales and Marketing [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	10,440	6,740	20,253	13,213
General and Administrative [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	$ 4,794	$ 4,765	$ 9,508	$ 8,836

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, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Changes in Accumulated Other Comprehensive Income [Line items]
Beginning Balance			$ 1,013	$ (2,772)
Other comprehensive loss before reclassifications			(2,561)	(3,277)
Net realized gains reclassified from AOCI			(179)	2,572
Other comprehensive loss, net of tax	$ (1,583)	$ (1,104)	(2,740)	(705)
Ending Balance	(1,727)	(3,477)	(1,727)	(3,477)
Net Unrealized Losses on Available-for-Sale Marketable Securities [Member]
Changes in Accumulated Other Comprehensive Income [Line items]
Beginning Balance			(124)	(1,694)
Other comprehensive loss before reclassifications			(553)	(455)
Net realized gains reclassified from AOCI			(24)	162
Other comprehensive loss, net of tax			(577)	(293)
Ending Balance	(701)	(1,987)	(701)	(1,987)
Net Unrealized Gains(losses) on Derivatives Designated as Hedging Instruments [Member]
Changes in Accumulated Other Comprehensive Income [Line items]
Beginning Balance			1,137	(1,078)
Other comprehensive loss before reclassifications			(2,008)	(2,822)
Net realized gains reclassified from AOCI			(155)	2,410
Other comprehensive loss, net of tax			(2,163)	(412)
Ending Balance	$ (1,026)	$ (1,490)	$ (1,026)	$ (1,490)

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Income Tax Disclosure [Abstract]
Income tax expense	$ 2,074	$ 1,456	$ 1,315	$ 3,044
Unrecognized tax benefits	$ 5,400		$ 5,400		$ 5,400

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, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Numerator:
Net loss	$ (14,303)	$ (15,467)	$ (23,093)	$ (36,276)
Denominator:
Weighted-average shares used in computing net loss per share, basic	108,944,738	102,512,578	107,985,044	101,890,022
Weighted-average shares used in computing net loss per share, diluted	108,944,738	102,512,578	107,985,044	101,890,022
Net loss per share, basic	$ (0.13)	$ (0.15)	$ (0.21)	$ (0.36)
Net loss per share, diluted	$ (0.13)	$ (0.15)	$ (0.21)	$ (0.36)

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, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Shares excluded from computation of diluted net loss per share	13,844,912	15,211,921	14,311,240	15,270,807
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	3,676,090	6,504,444	4,109,787	6,763,415
Unvested RSUs [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Shares excluded from computation of diluted net loss per share	10,036,118	8,467,120	10,054,824	8,260,848
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	132,704	184,891	146,629	191,078
Issuable ordinary shares related to business combination
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Shares excluded from computation of diluted net loss per share	0	55,466	0	55,466

Subsequent Event - Additional I

Subsequent Event - Additional Information (Detail) - Subsequent Event [Member] - Qwak [Member] $ in Millions	Jul. 09, 2024 USD ($)
Subsequent Event [Line Items]
Business acquistion percentage of voting capital obtained	100%
Total consideration	$ 230