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Fair Value Measurements (Tables) | 9 Months Ended
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Sep. 30, 2025
Fair Value Disclosures [Abstract] |
Summary of Fair Value by Balance Sheet Grouping | The following tables present information about the Company’s financial instruments that are measured at fair value on a recurring basis:
|  | September 30, 2025 |
|  | Fair Value |  |  | Level 1 |  |  | Level 2 |
|  | (in thousands) |
Financial Assets: |  |  |  |  |  |  |  |  |
Money market funds |  | $ | 26,987 |  |  | $ | 26,987 |  |  | $ | — |
Government and agency debt |  |  | 3,984 |  |  |  | — |  |  |  | 3,984 |
Cash equivalents |  |  | 30,971 |  |  |  | 26,987 |  |  |  | 3,984 |
Commercial paper |  |  | 7,920 |  |  |  | — |  |  |  | 7,920 |
Corporate debt securities |  |  | 253,679 |  |  |  | — |  |  |  | 253,679 |
Municipal securities |  |  | 15,755 |  |  |  | — |  |  |  | 15,755 |
Government and agency debt |  |  | 158,851 |  |  |  | — |  |  |  | 158,851 |
Marketable securities |  |  | 436,205 |  |  |  | — |  |  |  | 436,205 |
Foreign currency contracts designated as hedging instruments included in prepaid expenses and other current assets |  |  | 5,097 |  |  |  | — |  |  |  | 5,097 |
Foreign currency contracts not designated as hedging instruments included in prepaid expenses and other current assets |  |  | 263 |  |  |  | — |  |  |  | 263 |
Restricted bank deposits included in prepaid expenses and other current assets |  |  | 11 |  |  |  | — |  |  |  | 11 |
Total financial assets |  | $ | 472,547 |  |  | $ | 26,987 |  |  | $ | 445,560 |
Financial Liabilities: |  |  |  |  |  |  |  |  |
Foreign currency contracts designated as hedging instruments included in accrued expenses and other current liabilities |  | $ | 84 |  |  | $ | — |  |  | $ | 84 |
Foreign currency contracts not designated as hedging instruments included in accrued expenses and other current liabilities |  |  | 178 |  |  |  | — |  |  |  | 178 |
Total financial liabilities |  | $ | 262 |  |  | $ | — |  |  | $ | 262 |
|  | December 31, 2024 |
|  | Fair Value |  |  | Level 1 |  |  | Level 2 |
|  | (in thousands) |
Financial Assets: |  |  |  |  |  |  |  |  |
Money market funds |  | $ | 19,218 |  |  | $ | 19,218 |  |  | $ | — |
Cash equivalents |  |  | 19,218 |  |  |  | 19,218 |  |  |  | — |
Certificates of deposit |  |  | 251 |  |  |  | — |  |  |  | 251 |
Commercial paper |  |  | 7,342 |  |  |  | — |  |  |  | 7,342 |
Corporate debt securities |  |  | 161,296 |  |  |  | — |  |  |  | 161,296 |
Municipal securities |  |  | 17,414 |  |  |  | — |  |  |  | 17,414 |
Government and agency debt |  |  | 180,312 |  |  |  | — |  |  |  | 180,312 |
Marketable securities |  |  | 366,615 |  |  |  | — |  |  |  | 366,615 |
Foreign currency contracts designated as hedging instruments included in prepaid expenses and other current assets |  |  | 846 |  |  |  | — |  |  |  | 846 |
Foreign currency contracts not designated as hedging instruments included in prepaid expenses and other current assets |  |  | 4 |  |  |  | — |  |  |  | 4 |
Restricted bank deposits included in prepaid expenses and other current assets |  |  | 12 |  |  |  | — |  |  |  | 12 |
Total financial assets |  | $ | 386,695 |  |  | $ | 19,218 |  |  | $ | 367,477 |
Financial Liabilities: |  |  |  |  |  |  |  |  |
Foreign currency contracts designated as hedging instruments included in accrued expenses and other current liabilities |  | $ | 228 |  |  | $ | — |  |  | $ | 228 |
Foreign currency contracts not designated as hedging instruments included in accrued expenses and other current liabilities |  |  | 83 |  |  |  | — |  |  | 83 |
Total financial liabilities |  | $ | 311 |  |  | $ | — |  |  | $ | 311 |

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