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Fair Value Measurement (Tables) | 12 Months Ended
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Dec. 31, 2024
Fair Value Disclosures [Abstract] |
Schedule of Financial Assets Measured at Fair Value on Recurring Basis | The following tables present information about the Company’s financial assets measured at fair value on a recurring basis and indicate the fair value hierarchy classification of such fair values as of December 31, 2024 and 2023 (in thousands):
|  | Fair Value Measurements at |
|  | December 31, 2024 |
|  | Total |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
Cash and cash equivalents: |  |  |  |  |  |  |  |  |  |  |  |
Cash |  | $ | 193,958 |  |  | $ | 193,958 |  |  | $ | — |  |  | $ | — |
Money market funds |  |  | 74,155 |  |  |  | 74,155 |  |  |  | — |  |  |  | — |
Corporate debt securities |  |  | 882 |  |  |  | — |  |  |  | 882 |  |  |  | — |
Commercial paper |  |  | 29,262 |  |  |  | — |  |  |  | 29,262 |  |  |  | — |
Marketable securities: |  |  |  |  |  |  |  |  |  |  |  |
U.S. Treasury securities |  |  | 5,938 |  |  |  | — |  |  |  | 5,938 |  |  |  | — |
Corporate debt securities |  |  | 1,138,105 |  |  |  | — |  |  |  | 1,138,105 |  |  |  | — |
Certificates of deposit |  |  | 52,372 |  |  |  | — |  |  |  | 52,372 |  |  |  | — |
Government-sponsored enterprise securities |  |  | 266,862 |  |  |  | — |  |  |  | 266,862 |  |  |  | — |
Commercial paper |  |  | 127,800 |  |  |  | — |  |  |  | 127,800 |  |  |  | — |
Corporate equity securities |  |  | 14,492 |  |  |  | 2,391 |  |  |  | 12,101 |  |  |  | — |
Total |  | $ | 1,903,826 |  |  | $ | 270,504 |  |  | $ | 1,633,322 |  |  | $ | — |
|  | Fair Value Measurements at |
|  | December 31, 2023 |
|  | Total |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
Cash and cash equivalents: |  |  |  |  |  |  |  |  |  |  |  |
Cash |  | $ | 197,756 |  |  | $ | 197,756 |  |  | $ | — |  |  | $ | — |
Money market funds |  |  | 185,990 |  |  |  | 185,990 |  |  |  | — |  |  |  | — |
U.S. Treasury securities |  |  | 5,731 |  |  |  | — |  |  |  | 5,731 |  |  |  | — |
Marketable securities: |  |  |  |  |  |  |  |  |  |  |  |
U.S. Treasury securities |  |  | 23,008 |  |  |  | — |  |  |  | 23,008 |  |  |  | — |
Corporate debt securities |  |  | 885,358 |  |  |  | — |  |  |  | 885,358 |  |  |  | — |
Certificates of deposit |  |  | 47,282 |  |  |  | — |  |  |  | 47,282 |  |  |  | — |
Government-sponsored enterprise securities |  |  | 195,131 |  |  |  | — |  |  |  | 195,131 |  |  |  | — |
Commercial paper |  |  | 155,409 |  |  |  | — |  |  |  | 155,409 |  |  |  | — |
Total |  | $ | 1,695,665 |  |  | $ | 383,746 |  |  | $ | 1,311,919 |  |  | $ | — |

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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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