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v3.25.2

Fair Value Measurements - Schedule of Financial Assets Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands | Jun. 30, 2025 | Dec. 31, 2024
--- | --- | ---
Marketable securities: |  |
Gross unrealized gains | $ 1,568 | $ 1,638
Gross unrealized losses | (311) | (566)
Total |  |
Cost or amortized cost | 1,991,928 | 1,782,155
Fair value | 1,993,185 | 1,783,227
Money market funds |  |
Cash equivalents: |  |
Cost or amortized cost | 621,940 | 497,461
U.S. treasury securities | Cash equivalents |  |
Marketable securities: |  |
Cost or amortized cost | 19,967 | 5,979
Gross unrealized gains | 0 | 2
Gross unrealized losses | 0 | 0
Fair value | 19,967 | 5,981
U.S. treasury securities | Marketable securities |  |
Marketable securities: |  |
Cost or amortized cost | 665,971 | 817,996
Gross unrealized gains | 899 | 1,120
Gross unrealized losses | (70) | (396)
Fair value | 666,800 | 818,720
Certificates of deposit |  |
Cash equivalents: |  |
Cost or amortized cost | 25,397 |
U.S. agency bonds | Marketable securities |  |
Marketable securities: |  |
Cost or amortized cost | 301,916 | 117,965
Gross unrealized gains | 77 | 15
Gross unrealized losses | (207) | (62)
Fair value | 301,786 | 117,918
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 | 239,906 | 159,424
Gross unrealized gains | 586 | 400
Gross unrealized losses | (16) | (86)
Fair value | 240,476 | 159,738
Commercial paper | Marketable securities |  |
Marketable securities: |  |
Cost or amortized cost | 116,831 | 182,264
Gross unrealized gains | 6 | 99
Gross unrealized losses | (18) | (22)
Fair value | $ 116,819 | $ 182,341

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