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CASH EQUIVALENTS, RESTRICTED CASH AND MARKETABLE SECURITIES
 6 Months Ended
Jun. 30, 2025
Cash and Cash Equivalents [Abstract]  
CASH EQUIVALENTS, RESTRICTED CASH AND MARKETABLE SECURITIES CASH EQUIVALENTS, RESTRICTED CASH AND MARKETABLE SECURITIES
The cash equivalents, restricted cash and marketable securities consist of the following:
As of June 30, 2025
Amortized CostGross Unrealized GainsGross Unrealized LossesFair ValueCash EquivalentsMarketable Securities
(In thousands)
Money market funds$88,600 $— $— $88,600 $88,600 $— 
Certificates of deposit22,575 4 (3)22,576 — 22,576 
Commercial paper62,345 3 (10)62,338 34,823 27,515 
Corporate notes and bonds417,987 1,289 (323)418,953 — 418,953 
U.S. Treasuries122,317 — (41)122,276 33,968 88,308 
U.S. Government agency securities601,577 1,071 (352)602,296 — 602,296 
Total$1,315,401 $2,367 $(729)$1,317,039 $157,391 $1,159,648 
As of December 31, 2024
Amortized CostGross Unrealized GainsGross Unrealized LossesFair ValueCash EquivalentsMarketable SecuritiesRestricted Cash
(In thousands)
Money market funds$191,410 $— $— $191,410 $191,410 $— $— 
Certificates of deposit125,087 13 (8)125,092 — 30,092 95,000 
Commercial paper30,681 40 (8)30,713 — 30,713 — 
Corporate notes and bonds449,612 1,115 (1,157)449,570 — 449,570 — 
U.S. Treasuries111,606 42 (36)111,612 — 111,612 — 
U.S. Government agency securities631,389 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 
The following table summarizes the contractual maturities of the Company’s cash equivalents and marketable securities as of June 30, 2025:
Amortized CostFair Value
(In thousands)
Due within one year$770,910 $771,421 
Due within one to three years544,491 545,618 
Total$1,315,401 $1,317,039 
All available-for-sale securities have been classified as current, based on management's intent and ability to use the funds in current operations.