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Fair Value Measurements (Tables)

3 Months Ended

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

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X

- References

No definition available.

+ Details

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Namespace Prefix:	us-gaap_
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