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Fair Value (Tables)

3 Months Ended

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

X

- 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

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- References

No definition available.

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X

- 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

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