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Fair Value (Tables) | 3 Months Ended
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Mar. 31, 2025
Fair Value Disclosures [Abstract] |
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis | The following table presents fair values of our financial and debt instruments categorized by their fair value hierarchy as of March 31, 2025:
| Level 1 |  | Level 2 |  | Level 3 |  | Total
Cash and cash equivalents | $ | 705,729 |  |  | $ | — |  |  | $ | — |  |  | $ | 705,729 |
Available-for-sale investments | — |  |  | 104,706 |  |  | — |  |  | 104,706 |
Equity investment | — |  |  | — |  |  | 10,000 |  |  | 10,000 |
Convertible Senior Notes due 2026 | — |  |  | 729,372 |  |  | — |  |  | 729,372 |
The following table presents fair values of our financial and debt instruments categorized by their fair value hierarchy as of December 31, 2024:
| Level 1 |  | Level 2 |  | Level 3 |  | Total
Cash and cash equivalents | $ | 744,721 |  |  | $ | — |  |  | $ | — |  |  | $ | 744,721 |
Available-for-sale investments | — |  |  | 34,015 |  |  | — |  |  | 34,015 |
Equity investment | — |  |  | — |  |  | 10,000 |  |  | 10,000 |
Convertible Senior Notes due 2026 | — |  |  | 731,310 |  |  | — |  |  | 731,310 |
Schedule of Fair Value, by Balance Sheet Grouping | The following table presents the fair value and carrying value, net, of our Convertible Senior Notes:
| Fair Value at |  | Carrying Value at
| March 31, 2025 |  | December 31, 2024 |  | March 31, 2025 |  | December 31, 2024
Convertible Senior Notes due 2026 | $ | 729,372 |  |  | $ | 731,310 |  |  | $ | 598,366 |  |  | $ | 597,934 |

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- Definition Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482907/825-10-50-11 + Details
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- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, 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 + Details
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