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Fair Value Measurements (Tables) | 6 Months Ended
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Jun. 30, 2026
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:
|  | June 30, 2026 |
|  | Fair Value |  |  | Level 1 |  |  | Level 2 |
|  | (in thousands) |
Financial Assets: |  |  |  |  |  |  |  |  |
Money market funds |  | $ | 27,316 |  |  | $ | 27,316 |  |  | $ | — |
Government and agency debt |  |  | 7,475 |  |  |  | — |  |  |  | 7,475 |
Cash equivalents |  |  | 34,791 |  |  |  | 27,316 |  |  |  | 7,475 |
Certificates of deposit |  |  | 1,744 |  |  |  |  |  |  | 1,744 |
Commercial paper |  |  | 20,192 |  |  |  | — |  |  |  | 20,192 |
Corporate debt securities |  |  | 307,557 |  |  |  | — |  |  |  | 307,557 |
Municipal securities |  |  | 33,831 |  |  |  | — |  |  |  | 33,831 |
Government and agency debt |  |  | 191,034 |  |  |  | — |  |  |  | 191,034 |
Marketable securities |  |  | 554,358 |  |  |  | — |  |  |  | 554,358 |
Foreign currency contracts designated as hedging instruments included in prepaid expenses and other current assets |  |  | 3,342 |  |  |  | — |  |  |  | 3,342 |
Foreign currency contracts not designated as hedging instruments included in prepaid expenses and other current assets |  |  | 116 |  |  |  | — |  |  |  | 116 |
Restricted bank deposits included in prepaid expenses and other current assets |  |  | 11 |  |  |  | — |  |  |  | 11 |
Total financial assets |  | $ | 592,618 |  |  | $ | 27,316 |  |  | $ | 565,302 |
Financial Liabilities: |  |  |  |  |  |  |  |  |
Foreign currency contracts designated as hedging instruments included in accrued expenses and other current liabilities |  | $ | 658 |  |  | $ | — |  |  | $ | 658 |
Foreign currency contracts not designated as hedging instruments included in accrued expenses and other current liabilities |  |  | 1,140 |  |  |  | — |  |  |  | 1,140 |
Total financial liabilities |  | $ | 1,798 |  |  | $ | — |  |  | $ | 1,798 |
|  | December 31, 2025 |
|  | Fair Value |  |  | Level 1 |  |  | Level 2 |
|  | (in thousands) |
Financial Assets: |  |  |  |  |  |  |  |  |
Money market funds |  | $ | 26,407 |  |  | $ | 26,407 |  |  | $ | — |
Cash equivalents |  |  | 26,407 |  |  |  | 26,407 |  |  |  | — |
Certificates of deposit |  |  | 1,503 |  |  |  | — |  |  |  | 1,503 |
Commercial paper |  |  | 11,763 |  |  |  | — |  |  |  | 11,763 |
Corporate debt securities |  |  | 276,036 |  |  |  | — |  |  |  | 276,036 |
Municipal securities |  |  | 29,493 |  |  |  | — |  |  |  | 29,493 |
Government and agency debt |  |  | 162,301 |  |  |  | — |  |  |  | 162,301 |
Marketable securities |  |  | 481,096 |  |  |  | — |  |  |  | 481,096 |
Foreign currency contracts designated as hedging instruments included in prepaid expenses and other current assets |  |  | 5,170 |  |  |  | — |  |  |  | 5,170 |
Foreign currency contracts not designated as hedging instruments included in prepaid expenses and other current assets |  |  | 448 |  |  |  | — |  |  |  | 448 |
Restricted bank deposits included in prepaid expenses and other current assets |  |  | 11 |  |  |  | — |  |  |  | 11 |
Total financial assets |  | $ | 513,132 |  |  | $ | 26,407 |  |  | $ | 486,725 |
Financial Liabilities: |  |  |  |  |  |  |  |  |
Foreign currency contracts designated as hedging instruments included in accrued expenses and other current liabilities |  | $ | 9 |  |  | $ | — |  |  | $ | 9 |
Foreign currency contracts not designated as hedging instruments included in accrued expenses and other current liabilities |  |  | 217 |  |  |  | — |  |  | 217 |
Total financial liabilities |  | $ | 226 |  |  | $ | — |  |  | $ | 226 |

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- Definition Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482881/825-10-55-10 Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 12 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482881/825-10-55-12 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482907/825-10-50-13 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482907/825-10-50-12 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482907/825-10-50-11 + Details
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