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Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2025

Fair Value Disclosures [Abstract]

Schedule of Fair Value by Significant Investment Category

The following table summarizes the Company’s cash, cash equivalents and available-for-sale securities’ amortized cost, unrealized gains (losses), and fair value by significant investment category reported as cash and cash equivalents, restricted cash short-term, restricted cash, or available-for-sale securities as of September 30, 2025 and December 31, 2024.

(in thousands)																														Reported as:
September 30, 2025						Amortized Cost						Unrealized Gain						Unrealized (Loss)						Fair Value						Cash & Cash Equivalents						Available-for-sale Securities												Restricted Cash (Current and Non-Current)
Cash						$	166,035					$	—					$	—					$	166,035					$	159,187					$	—											$	6,848
Level I:
Money market funds						503,026						—						—						503,026						503,026						—												—
Level II:
Time deposits						125,000						—						—						125,000						125,000						—												—
Corporate bonds						1,004,566						2,853						(36)						1,007,383						—						1,007,383												—
U.S. treasury securities						1,932,031						3,403						(56)						1,935,378						124,466						1,810,912												—
U.S. government agency securities						112,998						18						(137)						112,879						—						112,879												—
Commercial paper						200,655						—						—						200,655						140,965						59,690												—
Subtotal						3,375,250						6,274						(229)						3,381,295						390,431						2,990,864												—
Total assets measured at fair value on a recurring basis						$	4,044,311					$	6,274					$	(229)					$	4,050,356					$	1,052,644					$	2,990,864											$	6,848

(in thousands)																														Reported as:
December 31, 2024						Amortized Cost						Unrealized Gain						Unrealized (Loss)						Fair Value						Cash & Cash Equivalents						Available-for-sale Securities												Restricted Cash (Current and Non-Current)
Cash						$	51,410					$	—					$	—					$	51,410					$	44,887					$	—											$	6,523
Level I:
Money market funds						102,804						—						—						102,804						102,804						—												—
Level II:
Corporate bonds						466,769						1,125						(316)						467,578						—						467,578												—
U.S. treasury securities						1,120,478						2,403						(677)						1,122,204						—						1,122,204												—
U.S. government agency securities						69,872						55						(19)						69,908						—						69,908												—
Commercial paper						48,538						—						—						48,538						—						48,538												—
Subtotal						1,705,657						3,583						(1,012)						1,708,228						—						1,708,228												—
Total assets measured at fair value on a recurring basis						$	1,859,871					$	3,583					$	(1,012)					$	1,862,442					$	147,691					$	1,708,228											$	6,523

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- Definition

Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

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X

- References

No definition available.

+ Details

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Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
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