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Marketable Securities and Fair Value Measurements (Tables) | 12 Months Ended
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Dec. 31, 2025
Fair Value Disclosures [Abstract] |
Summary of Marketable Securities | The following table summarizes the Company's marketable securities as of December 31, 2025:
|  | December 31, 2025 |
|  | Amortized Cost |  |  | Gross unrealized gains |  |  | Gross unrealized losses |  |  | Estimated Fair Value |
|  | (Amounts in thousands) |
Short-term investments: |  |  |  |  |  |  |  |  |  |  |  |
U.S. Treasury bills |  | $ | 201,554 |  |  | $ | 55 |  |  | $ | (2 | ) |  | $ | 201,607 |
Total |  | $ | 201,554 |  |  | $ | 55 |  |  | $ | (2 | ) |  | $ | 201,607 |
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis | Financial assets and financial liabilities measured at fair value on a recurring basis consist of the following as of December 31, 2025 and 2024:
|  | December 31, 2025 |
|  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
|  | (Amounts in thousands) |
Assets: |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents: |  |  |  |  |  |  |  |  |  |  |  |
Cash |  | $ | 88,148 |  |  | $ | — |  |  | $ | — |  |  | $ | 88,148 |
Money market accounts |  |  | 477,873 |  |  |  | — |  |  |  | — |  |  |  | 477,873 |
Total |  | $ | 566,021 |  |  | $ | — |  |  | $ | — |  |  | $ | 566,021 |
Marketable securities: |  |  |  |  |  |  |  |  |  |  |  |
U.S. Treasury bills |  | $ | — |  |  | $ | 201,607 |  |  | $ | — |  |  | $ | 201,607 |
Total |  | $ | — |  |  | $ | 201,607 |  |  | $ | — |  |  | $ | 201,607 |
Total assets |  | $ | 566,021 |  |  | $ | 201,607 |  |  | $ | — |  |  | $ | 767,628 |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |
Contingent consideration |  | $ | — |  |  | $ | — |  |  | $ | 5,049 |  |  | $ | 5,049 |
Noncurrent contingent consideration |  |  | — |  |  |  | — |  |  |  | 1,304 |  |  |  | 1,304 |
Total liabilities |  | $ | — |  |  | $ | — |  |  | $ | 6,353 |  |  | $ | 6,353 |
|  | December 31, 2024 |
|  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
|  | (Amounts in thousands) |
Assets: |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents: |  |  |  |  |  |  |  |  |  |  |  |
Cash |  | $ | 70,102 |  |  | $ | — |  |  | $ | — |  |  | $ | 70,102 |
Money market accounts |  |  | 687,253 |  |  |  | — |  |  |  | — |  |  |  | 687,253 |
Foreign exchange forward contracts |  |  | — |  |  |  | 287 |  |  |  | — |  |  |  | 287 |
Total assets |  | $ | 757,355 |  |  | $ | 287 |  |  | $ | — |  |  | $ | 757,642 |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |
Contingent consideration |  | $ | — |  |  | $ | 17,126 |  |  | $ | — |  |  | $ | 17,126 |
Noncurrent contingent consideration |  |  | — |  |  |  | — |  |  |  | 19,662 |  |  |  | 19,662 |
Total liabilities |  | $ | — |  |  | $ | 17,126 |  |  | $ | 19,662 |  |  | $ | 36,788 |
Schedule of Reconciliation of the Change in the Fair Value of Contingent Consideration - Earnout | A reconciliation of the change in fair value of contingent consideration – earnout is included in the following table (amounts in thousands):
Balance at December 31, 2024 |  | $ | 36,788 |
Decrease in fair value of contingent consideration earnouts |  |  | (13,607 | )
Earnout payment - equity element |  |  | (7,568 | )
Earnout payment - cash element |  |  | (9,548 | )
Cumulative translation adjustment |  |  | 288 |
Balance at December 31, 2025 |  | $ | 6,353 |
Schedule of Contingent Consideration Earnout Expect to be Required to Settle Includes Significant Unobservable Inputs | The recurring Level 3 fair value measurement of the contingent consideration obligation for Tantti includes the following significant unobservable inputs (amounts in thousands, except percent data):
Contingent Consideration Earnout |  | Fair Value as of December 31, 2025 |  |  | Valuation Technique |  | Unobservable Input |  | Range |  | Weighted Average(1)
Commercialization-based payments |  |  |  |  | Probability-weighted present value |  | Probability of Success |  | 0% - 100% |  | 83%
|  | $ | 3,748 |  |  |  |  | Earnout Discount Rate |  | 4.3% - 4.6% |  | 4.4%
Revenue and Volume- based payments |  |  |  |  | Monte Carlo Simulation |  | Volatility |  | 34.8% |  | 34.8%
|  |  |  |  |  |  | Revenue & Volume Discount Rate |  | 16.6% |  | 16.6%
|  | $ | 4 |  |  |  |  | Earnout Discount Rate |  | 4.3% - 4.9% |  | 4.8%
Manufacturing line expansions |  |  |  |  | Probability-weighted present value |  | Probability of Success |  | 0% - 100% |  | 100%
|  | $ | 2,601 |  |  |  |  | Earnout Discount Rate |  | 4.3% - 4.6% |  | 4.6%
(1) Unobservable inputs were weighted by the relative fair value of the contingent consideration liability.

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- Definition Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-3 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
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