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Fair Value Measurements (Tables) | 6 Months Ended
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Jun. 30, 2025
Fair Value Disclosures [Abstract] |
Schedule of Available-for-Sale Marketable Securities Held | Available-for-sale marketable securities held as of June 30, 2025 and December 31, 2024 were as follows (in thousands):
|  |  | Gross Unrealized |  |  |  | Classification on Balance Sheet
| Amortized Cost |  | Gains |  | Losses |  | Aggregate Fair Value |  | Short-Term Marketable Securities |  | Long-Term Marketable Securities
As of June 30, 2025 |  |  |  |  |  |  |  |  |  |  |
Time deposits | $ | 24,607 |  |  | $ | — |  |  | $ | — |  |  | $ | 24,607 |  |  | $ | 24,607 |  |  | $ | — |
Corporate bonds | 644,095 |  |  | 1,780 |  |  | (70) |  |  | 645,805 |  |  | 79,160 |  |  | 566,645 |
| $ | 668,702 |  |  | $ | 1,780 |  |  | $ | (70) |  |  | $ | 670,412 |  |  | $ | 103,767 |  |  | $ | 566,645 |
As of December 31, 2024 |  |  |  |  |  |  |  |  |  |  |
Time deposits | $ | 11,330 |  |  | $ | — |  |  | $ | — |  |  | $ | 11,330 |  |  | $ | 11,330 |  |  | $ | — |
Corporate bonds | 1,003,915 |  |  | 1,369 |  |  | (307) |  |  | 1,004,977 |  |  | 808,800 |  |  | 196,177 |
U.S. government agency obligations | 303,816 |  |  | 567 |  |  | (36) |  |  | 304,347 |  |  | 249,318 |  |  | 55,029 |
| $ | 1,319,061 |  |  | $ | 1,936 |  |  | $ | (343) |  |  | $ | 1,320,654 |  |  | $ | 1,069,448 |  |  | $ | 251,206 |
Schedule of Fair Value Measurements within Fair Value Hierarchy | The fair value measurements within the fair value hierarchy of the Company’s financial assets as of June 30, 2025 and December 31, 2024 were as follows (in thousands):
| Total Fair Value |  | Fair Value Measurements at Reporting Date Using
|  | Level 1 |  | Level 2 |  |
As of June 30, 2025 |  |  |  |  |  |  |
Cash Equivalents and Marketable Securities: |  |  |  |  |  |  |
Money market funds | $ | 343,248 |  |  | $ | 343,248 |  |  | $ | — |  |  |
Time deposits | 85,478 |  |  | — |  |  | 85,478 |  |  |
Corporate bonds | 645,805 |  |  | — |  |  | 645,805 |  |  |
Mutual funds | 27,637 |  |  | 27,637 |  |  | — |  |  |
| $ | 1,102,168 |  |  | $ | 370,885 |  |  | $ | 731,283 |  |  |
As of December 31, 2024 |  |  |
Cash Equivalents and Marketable Securities: |  |  |  |  |  |  |
Money market funds | $ | 163,722 |  |  | $ | 163,722 |  |  | $ | — |  |  |
Time deposits | 64,202 |  |  | — |  |  | 64,202 |  |  |
Corporate bonds | 1,004,977 |  |  | — |  |  | 1,004,977 |  |  |
U.S. government agency obligations | 304,347 |  |  | — |  |  | 304,347 |  |  |
Mutual funds | 26,580 |  |  | 26,580 |  |  | — |  |  |
| $ | 1,563,828 |  |  | $ | 190,302 |  |  | $ | 1,373,526 |  |  |
Schedule of Contractual Maturities of Available-for-Sale Marketable Securities Held | Contractual maturities of the Company’s available-for-sale marketable securities held as of June 30, 2025 and December 31, 2024 were as follows (in thousands):
| June 30, 2025 |  | December 31, 2024
Due in 1 year or less | $ | 103,767 |  |  | $ | 1,069,448 |
Due after 1 year through 5 years | 566,645 |  |  | 251,206 |
| $ | 670,412 |  |  | $ | 1,320,654 |

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