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Fair Value Measurements (Tables) | 12 Months Ended
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Dec. 31, 2024
Fair Value Disclosures [Abstract] |
Schedule of Financial Instruments Measured at Fair Value on a Recurring Basis | The following tables summarize the Company’s available-for-sale marketable securities’ amortized cost, gross unrealized gains, gross unrealized losses, and fair value by significant investment category reported as cash and cash equivalents or marketable securities as of December 31, 2024 and 2023.
(In thousands) December 31, 2024 |  | Amortized Cost |  | Unrealized Gain |  | Unrealized Loss |  | Fair Value |  | Cash Equivalents |  | Marketable Securities
Level I |  |  |  |  |  |  |  |  |  |  |  |
Money market funds |  | $ | 193,481 |  |  | $ | — |  |  | $ | — |  |  | $ | 193,481 |  |  | $ | 193,481 |  |  | $ | — |
Treasury bills |  | 131,022 |  |  | 40 |  |  | — |  |  | 131,062 |  |  | — |  |  | 131,062 |
U.S. government securities |  | 32,625 |  |  | 22 |  |  | (33) |  |  | 32,614 |  |  | — |  |  | 32,614 |
Total Level I |  | 357,128 |  |  | 62 |  |  | (33) |  |  | 357,157 |  |  | 193,481 |  |  | 163,676 |
Level II |  |  |  |  |  |  |  |  |  |  |  |
Commercial paper |  | 16,233 |  |  | — |  |  | — |  |  | 16,233 |  |  | — |  |  | 16,233 |
Corporate bonds |  | 126,395 |  |  | 431 |  |  | (144) |  |  | 126,682 |  |  | — |  |  | 126,682 |
Commercial deposits |  | 4,121 |  |  | — |  |  | — |  |  | 4,121 |  |  | — |  |  | 4,121 |
Asset-backed securities |  | 592 |  |  | 2 |  |  | — |  |  | 594 |  |  | — |  |  | 594 |
Foreign government and agency securities |  | 5,036 |  |  | 14 |  |  | (12) |  |  | 5,038 |  |  | — |  |  | 5,038 |
Total Level II |  | 152,377 |  |  | 447 |  |  | (156) |  |  | 152,668 |  |  | — |  |  | 152,668 |
Total |  | $ | 509,505 |  |  | $ | 509 |  |  | $ | (189) |  |  | $ | 509,825 |  |  | $ | 193,481 |  |  | $ | 316,344 |
(In thousands) December 31, 2023 |  | Amortized Cost |  | Unrealized Gain |  | Unrealized Loss |  | Fair Value | Cash Equivalents |  | Marketable Securities
Level I |  |  |  |  |  |  |  |  |  |  |
Money market funds |  | $ | 4,782 |  |  | $ | — |  |  | $ | — |  |  | $ | 4,782 |  | 4,782 |  |  | — |
Treasury bills |  | 291,611 |  |  | 109 |  |  | — |  |  | 291,720 |  | 13,955 |  |  | 277,765 |
U.S. government securities |  | 26,213 |  |  | 3 |  |  | (18) |  |  | 26,198 |  | — |  |  | 26,198 |
Total Level I |  | 322,606 |  |  | 112 |  |  | (18) |  |  | 322,700 |  | 18,737 |  |  | 303,963 |
Level II |  |  |  |  |  |  |  |  |  |  |
Commercial paper |  | 35,699 |  |  | — |  |  | — |  |  | 35,699 |  | — |  |  | 35,699 |
Corporate bonds |  | 92,979 |  |  | 189 |  |  | (12) |  |  | 93,156 |  | — |  |  | 93,156 |
Commercial deposits |  | 15,371 |  |  | — |  |  | — |  |  | 15,371 |  | — |  |  | 15,371 |
Asset-backed securities |  | 14,728 |  |  | 2 |  |  | (42) |  |  | 14,688 |  | — |  |  | 14,688 |
Foreign government and agency securities |  | 3,075 |  |  | 5 |  |  | — |  |  | 3,080 |  | — |  |  | 3,080 |
U.S. agency securities |  | 4,506 |  |  | — |  |  | (6) |  |  | 4,500 |  | — |  |  | 4,500 |
Total Level II |  | 166,358 |  |  | 196 |  |  | (60) |  |  | 166,494 |  | — |  |  | 166,494 |
Total |  | $ | 488,964 |  |  | $ | 308 |  |  | $ | (78) |  |  | $ | 489,194 |  | $ | 18,737 |  |  | $ | 470,457 |
Additionally, the Company deposits funds held in escrow in interest-bearing and non-interest-bearing cash accounts. The interest earned on the interest-bearing accounts is included in revenue in the Company’s consolidated statement of operations and comprehensive income (loss). As of December 31, 2024 and 2023, the fair value of the Company’s funds held on behalf of customers and held in interest-bearing cash accounts was measured using Level I inputs. The Company’s non-financial assets acquired pursuant its acquisition of Objective AI, Inc., including intangible assets and goodwill, are measured at estimated fair value on a non-recurring basis. For additional information, refer to “Note 7—Business Combination.”
Schedule of Investments Classified by Contractual Maturity Date | The following table summarizes the remaining contractual maturities of our cash equivalents and marketable securities as of December 31, 2024:
(In thousands) |  | Amortized Cost |  | Fair Value
Due within one year |  | $ | 348,747 |  |  | $ | 348,792 |
Due after one year through five years |  | 160,758 |  |  | 161,033 |
Total |  | $ | 509,505 |  |  | $ | 509,825 |
Schedule of Unrealized Gain (Loss) on Investments | The following table summarizes, for all debt securities classified as available for sale in an unrealized loss position as of December 31, 2024 and December 31, 2023, the aggregate fair value and gross unrealized loss by the length of time those securities have been continuously in an unrealized loss position.
(In thousands) | Less Than 12 Months |  | 12 Months or Longer |  | Total
Duration of unrealized losses December 31, 2024 | Fair Value |  | Unrealized loss |  | Fair Value |  | Unrealized loss |  | Fair Value |  | Unrealized loss
U.S. government securities | $ | 12,522 |  |  | $ | (27) |  |  | $ | 4,122 |  |  | $ | (6) |  |  | $ | 16,644 |  |  | $ | (33) |
Corporate bonds | 33,386 |  |  | (142) |  |  | 2,819 |  |  | (2) |  |  | 36,205 |  |  | (144) |
Foreign government and agency securities | 2,362 |  |  | (12) |  |  | — |  |  | — |  |  | 2,362 |  |  | (12) |
Total | $ | 48,270 |  |  | $ | (181) |  |  | $ | 6,941 |  |  | $ | (8) |  |  | $ | 55,211 |  |  | $ | (189) |
(In thousands) | Less Than 12 Months |  | 12 Months or Longer |  | Total
Duration of unrealized losses December 31, 2023 | Fair Value |  | Unrealized loss |  | Fair Value |  | Unrealized loss |  | Fair Value |  | Unrealized loss
U.S. government securities | $ | 15,381 |  |  | $ | (15) |  |  | $ | 5,182 |  |  | $ | (3) |  |  | $ | 20,563 |  |  | $ | (18) |
Corporate bonds | 24,062 |  |  | (10) |  |  | 552 |  |  | (2) |  |  | 24,614 |  |  | (12) |
Asset-backed securities | 6,598 |  |  | (20) |  |  | 7,348 |  |  | (22) |  |  | 13,946 |  |  | (42) |
U.S. agency securities | 1,995 |  |  | (1) |  |  | 2,505 |  |  | (5) |  |  | 4,500 |  |  | (6) |
Total | $ | 48,036 |  |  | $ | (46) |  |  | $ | 15,587 |  |  | $ | (32) |  |  | $ | 63,623 |  |  | $ | (78) |

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