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Fair Value Measurements (Tables)
9 Months Ended
Sep. 30, 2025
Fair Value Disclosures [Abstract]  
Schedule of Financial Instruments Measured at Fair Value on a Recurring Basis
The following table presents information about the Company’s financial instruments that are measured at fair value on a recurring basis using the input categories discussed in Note 1:   

As of September 30, 2025
Level 1Level 2Level 3Total
Cash equivalents
Money market funds$615.4 $— $— $615.4 
Total cash equivalents$615.4 $— $— $615.4 
Short-term investments
Corporate notes and obligations— 87.5 — 87.5 
U.S. Treasury securities— 79.6 — 79.6 
Municipal securities— 15.3 — 15.3 
Asset backed securities— 6.6 — 6.6 
U.S. agency obligations— 3.8 — 3.8 
Supranational securities— 1.8 — 1.8 
Total short-term investments— 194.6 — 194.6 
Total$615.4 $194.6 $— $810.0 

As of December 31, 2024
Level 1Level 2Level 3Total
Cash equivalents
Money market funds$1,230.0 $— $— $1,230.0 
Total cash equivalents$1,230.0 $— $— $1,230.0 
Short-term investments
Corporate notes and obligations— 130.0 — 130.0 
U.S. Treasury securities— 82.4 — 82.4 
Municipal securities— 29.3 — 29.3 
Asset backed securities— 18.9 — 18.9 
U.S. agency obligations— 3.6 — 3.6 
Supranational securities— 1.7 — 1.7 
Total short-term investments— 265.9 — 265.9 
Total$1,230.0 $265.9 $— $1,495.9