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v3.25.1

Fair Value Measurements - Schedule of Financial Assets Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands | Mar. 31, 2025 | Dec. 31, 2024
--- | --- | ---
Marketable securities: |  |
Gross unrealized gains | $ 1,607 | $ 1,638
Gross unrealized losses | (192) | (566)
Total |  |
Cost or amortized cost | 1,897,753 | 1,782,155
Fair value | 1,899,168 | 1,783,227
Money market funds |  |
Cash equivalents: |  |
Cost or amortized cost | 546,127 | 497,461
U.S. treasury securities | Cash equivalents |  |
Marketable securities: |  |
Cost or amortized cost | 12,508 | 5,979
Gross unrealized gains | 0 | 2
Gross unrealized losses | 0 | 0
Fair value | 12,508 | 5,981
U.S. treasury securities | Marketable securities |  |
Marketable securities: |  |
Cost or amortized cost | 767,005 | 817,996
Gross unrealized gains | 1,084 | 1,120
Gross unrealized losses | (85) | (396)
Fair value | 768,004 | 818,720
Certificates of deposit |  |
Cash equivalents: |  |
Cost or amortized cost | 25,118 |
Corporate bonds | Cash equivalents |  |
Marketable securities: |  |
Cost or amortized cost |  | 1,066
Gross unrealized gains |  | 2
Gross unrealized losses |  | 0
Fair value |  | 1,068
Corporate bonds | Marketable securities |  |
Marketable securities: |  |
Cost or amortized cost | 198,458 | 159,424
Gross unrealized gains | 433 | 400
Gross unrealized losses | (49) | (86)
Fair value | 198,842 | 159,738
U.S. agency bonds | Marketable securities |  |
Marketable securities: |  |
Cost or amortized cost | 208,446 | 117,965
Gross unrealized gains | 59 | 15
Gross unrealized losses | (52) | (62)
Fair value | 208,453 | 117,918
Commercial paper | Marketable securities |  |
Marketable securities: |  |
Cost or amortized cost | 140,091 | 182,264
Gross unrealized gains | 31 | 99
Gross unrealized losses | (6) | (22)
Fair value | $ 140,116 | $ 182,341

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