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Short-Term Investments (Tables)

12 Months Ended

Dec. 31, 2025

Investments, All Other Investments [Abstract]

Summary of Marketable Securities

Marketable securities consisted of the following:

		December 31, 2025
		Amortized Cost				Gross Unrealized Gains				Gross Unrealized Losses				Fair Value
		(in thousands)
Certificates of deposit		$	1,503			$	—			$	—			$	1,503
Commercial paper			11,764				2				(3	)			11,763
Corporate debt securities			275,555				531				(50	)			276,036
Municipal securities			29,460				43				(10	)			29,493
Government and agency debt			162,162				174				(35	)			162,301
Total marketable securities		$	480,444			$	750			$	(98	)		$	481,096

		December 31, 2024
		Amortized Cost				Gross Unrealized Gains				Gross Unrealized Losses				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:

		December 31, 2025
		(in thousands)
Due in 1 year or less		$	306,491
Due in 1 year through 2 years			174,605
Total		$	481,096

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

The following table presents 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:

		December 31, 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)
Commercial paper		$	9,786			$	(3	)		$	—			$	—			$	9,786			$	(3	)
Corporate debt securities			50,218				(50	)			—				—				50,218				(50	)
Municipal securities			6,600				(10	)			—				—				6,600				(10	)
Government and agency debt			55,141				(35	)			—				—				55,141				(35	)
Total		$	121,745			$	(98	)		$	—			$	—			$	121,745			$	(98	)

		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	)

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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
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-Name Accounting Standards Codification
-Section 50
-Paragraph 6
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-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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