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Marketable Securities (Tables) | 6 Months Ended
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Jun. 30, 2026
Marketable Securities [Abstract] |
Schedule of Marketable Securities | Marketable securities as of June 30, 2026 consisted of the following (in thousands):
|  |  |  |  | Gross Unrealized |  |  |  |
|  | Amortized Cost |  |  | Gains |  |  | Losses |  |  | Estimated Fair Value |
Marketable securities available-for-sale: |  |  |  |  |  |  |  |  |  |  |  |
U.S. treasury securities |  | $ | 441,097 |  |  | $ | 57 |  |  | $ | (1,119 | ) |  | $ | 440,035 |
Corporate debt securities |  |  | 89,493 |  |  |  | — |  |  |  | (89 | ) |  |  | 89,404 |
U.S. government agency securities |  |  | 90,048 |  |  |  | 4 |  |  |  | (421 | ) |  |  | 89,631 |
Total available-for-sale securities |  | $ | 620,638 |  |  | $ | 61 |  |  | $ | (1,629 | ) |  | $ | 619,070 |
Marketable securities as of December 31, 2025 consisted of the following (in thousands):
|  |  |  |  | Gross Unrealized |  |  |  |
|  | Amortized Cost |  |  | Gains |  |  | Losses |  |  | Estimated Fair Value |
Marketable securities available-for-sale: |  |  |  |  |  |  |  |  |  |  |  |
U.S. treasury securities |  | $ | 484,670 |  |  | $ | 859 |  |  | $ | — |  |  | $ | 485,529 |
Corporate debt securities |  |  | 132,913 |  |  |  | 44 |  |  |  | (16 | ) |  |  | 132,941 |
U.S. government agency securities |  |  | 81,431 |  |  |  | 110 |  |  |  | (4 | ) |  |  | 81,537 |
Total available-for-sale securities |  | $ | 699,014 |  |  | $ | 1,013 |  |  | $ | (20 | ) |  | $ | 700,007 |
Schedule of Contractual Maturity | The following table shows the fair value of the Company’s marketable securities, by contractual maturity, as of June 30, 2026 (in thousands):
|  | June 30, 2026 |
Due within one year |  | $ | 446,965 |
Due after one year through five years |  |  | 172,105 |
Total available-for-sale securities |  | $ | 619,070 |

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- Definition Tabular disclosure of marketable securities. This may consist of investments in certain debt and equity securities, short-term investments and other assets. + References No definition available. + Details
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