CASH EQUIVALENTS, RESTRICTED CASH AND MARKETABLE SECURITIES

12 Months Ended

Dec. 31, 2024

Cash and Cash Equivalents [Abstract]

CASH EQUIVALENTS, RESTRICTED CASH AND MARKETABLE SECURITIES

The cash equivalents, restricted cash and marketable securities consist of the following:


	As of December 31, 2024
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value		Cash Equivalents		Marketable Securities		Restricted Cash

	(In thousands)
Money market funds	$	191,410	$	—	$	—	$	191,410	$	191,410	$	—	$	—
Certificates of deposit	125,087		13		(8)		125,092		—		30,092		95,000
Commercial paper	30,681		40		(8)		30,713		—		30,713		—
Corporate notes and bonds	449,612		1,115		(1,157)		449,570		—		449,570		—
U.S. Treasuries	111,606		42		(36)		111,612		—		111,612		—
U.S. Government agency securities	631,389		1,241		(1,137)		631,493		—		631,493		—
Total	$	1,539,785	$	2,451	$	(2,346)	$	1,539,890	$	191,410	$	1,253,480	$	95,000


	As of December 31, 2023
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value		Cash Equivalents		Marketable Securities

	(In thousands)
Money market funds	$	132,037	$	—	$	—	$	132,037	$	132,037	$	—
Certificates of deposit	55,863		58		(9)		55,912		750		55,162
Commercial paper	71,427		29		(19)		71,437		1,694		69,743
Corporate notes and bonds	406,093		934		(931)		406,096		462		405,634
U.S. Treasuries	327,773		152		(34)		327,891		—		327,891
U.S. Government agency securities	548,391		690		(1,225)		547,856		—		547,856
Total	$	1,541,584	$	1,863	$	(2,218)	$	1,541,229	$	134,943	$	1,406,286

The following table summarizes the contractual maturities of the Company’s cash equivalents, restricted cash and marketable securities as of December 31, 2024:


	Amortized Cost		Fair Value

	(In thousands)
Due within one year	$	1,095,355	$	1,096,565
Due within one to three years	444,430		443,325
Total	$	1,539,785	$	1,539,890