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Fair Value Measurements (Tables) | 3 Months Ended
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Mar. 31, 2026
Fair Value Disclosures [Abstract] |
Summary of Fair Value of Financial Assets Consists of Cash Equivalents and Investments Classified as Available-for-sale Securities Measured on Recurring Basis | The following tables set forth the fair value of our financial assets, which consists of cash equivalents and investments classified as available-for-sale securities, that were measured on a recurring basis (in thousands):
|  |  |  | March 31, 2026 |
|  | Fair Value Hierarchy Level |  | Amortized Cost |  |  | Unrealized Gains |  |  | Unrealized Losses |  |  | Fair Value |
Money market funds |  | Level 1 |  | $ | 65,528 |  |  | $ | — |  |  | $ | — |  |  | $ | 65,528 |
U.S. Treasury securities |  | Level 1 |  |  | 203,112 |  |  |  | 196 |  |  |  | (31 | ) |  |  | 203,277 |
U.S. Government agency securities |  | Level 2 |  |  | 208,017 |  |  |  | 29 |  |  |  | (316 | ) |  |  | 207,730 |
Commercial paper |  | Level 2 |  |  | 203,988 |  |  |  | 6 |  |  |  | (130 | ) |  |  | 203,864 |
Asset-backed securities |  | Level 2 |  |  | 7,633 |  |  |  | — |  |  |  | (2 | ) |  |  | 7,631 |
Corporate obligations |  | Level 2 |  |  | 322,585 |  |  |  | 121 |  |  |  | (539 | ) |  |  | 322,167 |
|  |  |  | $ | 1,010,863 |  |  | $ | 352 |  |  | $ | (1,018 | ) |  | $ | 1,010,197 |
|  |  |  | December 31, 2025 |
|  | Fair Value Hierarchy Level |  | Amortized Cost |  |  | Unrealized Gains |  |  | Unrealized Losses |  |  | Fair Value |
Money market funds |  | Level 1 |  | $ | 89,509 |  |  | $ | — |  |  | $ | — |  |  | $ | 89,509 |
U.S. Treasury securities |  | Level 1 |  |  | 239,097 |  |  |  | 574 |  |  |  | (7 | ) |  |  | 239,664 |
U.S. Government agency securities |  | Level 2 |  |  | 201,788 |  |  |  | 162 |  |  |  | (38 | ) |  |  | 201,912 |
Commercial paper |  | Level 2 |  |  | 289,447 |  |  |  | 96 |  |  |  | (26 | ) |  |  | 289,517 |
Asset-backed securities |  | Level 2 |  |  | 7,579 |  |  |  | 7 |  |  |  | — |  |  |  | 7,586 |
Corporate obligations |  | Level 2 |  |  | 363,645 |  |  |  | 457 |  |  |  | (53 | ) |  |  | 364,049 |
|  |  |  | $ | 1,191,065 |  |  | $ | 1,296 |  |  | $ | (124 | ) |  | $ | 1,192,237 |

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- Definition Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class 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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