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Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2026

Fair Value Disclosures [Abstract]

Schedule of Financial Assets Measured at Fair Value on a Recurring Basis

The following tables set forth our financial assets that are measured at fair value on a recurring basis:

									March 31, 2026
			Fair value hierarchy level						Cost or amortized cost						Gross unrealized gains						Gross unrealized losses						Fair value
									(in thousands)
Cash equivalents:
Money market funds			Level 1						$	1,194,437					$	—					$	—					$	1,194,437
U.S. treasury securities			Level 1						24,151						—						—						24,151
Commercial paper			Level 2						15,908						—						(3)						15,905
Time deposits			Level 2						26,192						—						—						26,192
Marketable securities:
U.S. treasury securities			Level 1						352,039						356						(391)						352,004
U.S. agency bonds			Level 2						428,126						—						(1,427)						426,699
Corporate bonds			Level 2						273,647						196						(413)						273,430
Time deposits			Level 2						140,000						—						—						140,000
Commercial paper			Level 2						204,206						20						(75)						204,151
Total									$	2,658,706					$	572					$	(2,309)					$	2,656,969

									December 31, 2025
			Fair value hierarchy level						Cost or amortized cost						Gross unrealized gains						Gross unrealized losses						Fair value
									(in thousands)
Cash equivalents:
Money market funds			Level 1						$	825,323					$	—					$	—					$	825,323
U.S. treasury securities			Level 1						11,934						1						—						11,935
Time deposits			Level 2						25,949						—						—						25,949
Marketable securities:
U.S. treasury securities			Level 1						450,474						1,035						(2)						451,507
U.S. agency bonds			Level 2						410,655						167						(134)						410,688
Corporate bonds			Level 2						306,321						820						(13)						307,128
Time deposits			Level 2						140,000						—						—						140,000
Commercial paper			Level 2						213,767						152						—						213,919
Total									$	2,384,423					$	2,175					$	(149)					$	2,386,449

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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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- References

No definition available.

+ Details

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