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v3.25.1

Marketable Securities (Tables) | 3 Months Ended
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Mar. 31, 2025
Investments, Debt and Equity Securities [Abstract] |
Schedule of Available-for-Sale Marketable Securities | The following is a summary of available-for-sale marketable securities, excluding those securities classified within cash and cash equivalents on the condensed consolidated balance sheets as of March 31, 2025 and December 31, 2024 (in thousands):
| March 31, 2025
| Amortized Cost |  | Unrealized Gain |  | Unrealized Losses |  | Fair Value
Corporate debt securities | $ | 2,339,091 |  |  | $ | 5,659 |  |  | $ | (695) |  |  | $ | 2,344,055 |
Commercial paper | 419,851 |  |  | 71 |  |  | (21) |  |  | 419,901 |
U.S. government treasury securities | 398,871 |  |  | 641 |  |  | (293) |  |  | 399,219 |
Certificates of deposit | 205,100 |  |  | 53 |  |  | (3) |  |  | 205,150 |
U.S. government agency securities | 1,490 |  |  | 5 |  |  | — |  |  | 1,495 |
Marketable securities | $ | 3,364,403 |  |  | $ | 6,429 |  |  | $ | (1,012) |  |  | $ | 3,369,820 |
| December 31, 2024
| Amortized Cost |  | Unrealized Gain |  | Unrealized Losses |  | Fair Value
Corporate debt securities | $ | 1,893,599 |  |  | $ | 4,243 |  |  | $ | (1,801) |  |  | $ | 1,896,041 |
U.S. government treasury securities | 466,765 |  |  | 484 |  |  | (789) |  |  | 466,460 |
Commercial paper | 390,058 |  |  | 241 |  |  | (16) |  |  | 390,283 |
Certificates of deposit | 187,711 |  |  | 113 |  |  | (22) |  |  | 187,802 |
U.S. government agency securities | 1,490 |  |  | — |  |  | — |  |  | 1,490 |
Marketable securities | $ | 2,939,623 |  |  | $ | 5,081 |  |  | $ | (2,628) |  |  | $ | 2,942,076 |
Schedule of Fair Values of Available-for-Sale Marketable Securities, by Remaining Contractual Maturity | As of March 31, 2025, the fair values of available-for-sale marketable securities, by remaining contractual maturity, were as follows (in thousands):
Due within one year | $ | 2,020,748 |
Due in one year through five years | 1,349,072 |
Total | $ | 3,369,820 |

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