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Fair Value Measurements (Tables) | 3 Months Ended
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Mar. 31, 2026
Fair Value Disclosures [Abstract] |
Summary of Financial Assets Measured At Fair Value On A Recurring Basis | The following table presents information about the Company’s financial assets measured at fair value on a recurring basis and indicates the level of the fair value hierarchy utilized to determine such fair values as of March 31, 2026 and December 31, 2025 (in thousands):
| As of March 31, 2026
| Level 1 |  | Level 2 |  | Level 3 |  | Total
Assets: |  |  |  |  |  |  |
Money market funds | $ | 245,659 |  |  | $ | — |  |  | $ | — |  |  | $ | 245,659 |
Debt securities issued by U.S. government agencies | 257,298 |  |  | — |  |  | — |  |  | 257,298 |
Corporate debt securities | — |  |  | 311,106 |  |  | — |  |  | 311,106 |
Asset backed securities | — |  |  | 88,388 |  |  | — |  |  | 88,388 |
Commercial paper | — |  |  | 6,537 |  |  | — |  |  | 6,537 |
Other debt securities | — |  |  | 248,141 |  |  | — |  |  | 248,141 |
| $ | 502,957 |  |  | $ | 654,172 |  |  | $ | — |  |  | $ | 1,157,129 |
| As of December 31, 2025
| Level 1 |  | Level 2 |  | Level 3 |  | Total
Assets: |  |  |  |  |  |  |
Money market funds | $ | 195,296 |  |  | $ | — |  |  | $ | — |  |  | $ | 195,296 |
Debt securities issued by U.S. government agencies | 190,999 |  |  | — |  |  | — |  |  | 190,999 |
Corporate debt securities | — |  |  | 198,318 |  |  | — |  |  | 198,318 |
Asset backed securities | — |  |  | 61,352 |  |  | — |  |  | 61,352 |
Commercial paper | — |  |  | 7,718 |  |  | — |  |  | 7,718 |
Other debt securities | — |  |  | 117,374 |  |  | — |  |  | 117,374 |
| $ | 386,295 |  |  | $ | 384,762 |  |  | $ | — |  |  | $ | 771,057 |

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- Definition Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
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