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Short-Term Investments (Tables)

9 Months Ended

Sep. 30, 2025

Investments, All Other Investments [Abstract]

Summary of Marketable Securities

Marketable securities consist of the following:

		September 30, 2025
		Amortized Cost				Gross Unrealized Gains				Gross Unrealized Losses				Estimated Fair Value
		(in thousands)
Commercial paper		$	7,919			$	1			$	—			$	7,920
Corporate debt securities			253,225				490				(36	)			253,679
Municipal securities			15,718				37				—				15,755
Government and agency debt			158,753				130				(32	)			158,851
Total marketable securities		$	435,615			$	658			$	(68	)		$	436,205

		December 31, 2024
		Amortized Cost				Gross Unrealized Gains				Gross Unrealized Losses				Estimated Fair Value
		(in thousands)
Certificates of deposit		$	250			$	1			$	—			$	251
Commercial paper			7,342				5				(5	)			7,342
Corporate debt securities			161,231				187				(122	)			161,296
Municipal securities			17,392				22				—				17,414
Government and agency debt			180,361				172				(221	)			180,312
Total marketable securities		$	366,576			$	387			$	(348	)		$	366,615

Summary of Company's Marketable Securities by Contractual Maturities

The following table summarizes the Company’s marketable securities by contractual maturities:

		September 30, 2025
		(in thousands)
Due in 1 year or less		$	260,690
Due in 1 year through 2 years			175,515
Total		$	436,205

Summary of Presents Fair Value and Gross Unrealized Losses of the Company's Marketable Securities

The following tables present fair value and gross unrealized losses of the Company’s marketable securities that have been in a continuous loss position, aggregated by length of time:

		September 30, 2025
		Less Than 12 Months								12 Months or Greater								Total
		Fair Value				Gross Unrealized Losses				Fair Value				Gross Unrealized Losses				Fair Value				Gross Unrealized Losses
		(in thousands)
Corporate debt securities		$	42,507			$	(35	)		$	1,276			$	(1	)		$	43,783			$	(36	)
Government and agency debt			56,326				(29	)			7,136				(3	)			63,462				(32	)
Total		$	98,833			$	(64	)		$	8,412			$	(4	)		$	107,245			$	(68	)

		December 31, 2024
		Less Than 12 Months								12 Months or Greater								Total
		Fair Value				Gross Unrealized Losses				Fair Value				Gross Unrealized Losses				Fair Value				Gross Unrealized Losses
		(in thousands)
Commercial paper		$	2,884			$	(5	)		$	—			$	—			$	2,884			$	(5	)
Corporate debt securities			50,856				(121	)			2,007				(1	)			52,863				(122	)
Government and agency debt			72,746				(221	)			—				—				72,746				(221	)
Total		$	126,486			$	(347	)		$	2,007			$	(1	)		$	128,493			$	(348	)

X

- Definition

Tabular disclosure of fair value of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale), in unrealized loss position, without allowance for credit loss. Includes beneficial interest in securitized financial asset.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 326
-SubTopic 30
-Name Accounting Standards Codification
-Section 55
-Paragraph 8
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479081/326-30-55-8

Reference 2: http://fasb.org/us-gaap/role/ref/otherTransitionRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-6

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 326
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479106/326-30-50-4

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Tabular disclosure of maturities of an entity's investments as well as any other information pertinent to the investments.

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