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Cash Equivalents and Marketable Securities (Tables) | 6 Months Ended
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Jun. 30, 2026
Cash and Cash Equivalents [Abstract] |
Schedule of Debt Securities, Available-for-Sale | The following is a summary of the Company's investment portfolio as of June 30, 2026 and December 31, 2025 (in thousands):
| As of June 30, 2026
|  |  | Gross Unrealized |  | Estimated
| Cost |  | Gains |  | Losses |  | Fair Value
Cash equivalents: |  |  |  |  |  |  |
Money market funds | $ | 79,243 |  |  | $ | — |  |  | $ | — |  |  | $ | 79,243 |
Available-for-sale securities: |  |  |  |  |  |  |
Debt securities issued by U.S. government agencies | 277,132 |  |  | — |  |  | (656) |  |  | 276,476 |
Corporate debt securities | 293,902 |  |  | — |  |  | (678) |  |  | 293,224 |
Asset backed securities | 68,267 |  |  | — |  |  | (59) |  |  | 68,208 |
Commercial paper | 14,466 |  |  | — |  |  | (25) |  |  | 14,441 |
Other debt securities | 247,985 |  |  | — |  |  | (1,254) |  |  | 246,731 |
Total cash equivalents and marketable securities | $ | 980,995 |  |  | $ | — |  |  | $ | (2,672) |  |  | $ | 978,323 |
| As of December 31, 2025
|  |  | Gross Unrealized |  | Estimated
| Cost |  | Gains |  | Losses |  | Fair Value
Cash equivalents: |  |  |  |  |  |  |
Money market funds | $ | 195,296 |  |  | $ | — |  |  | $ | — |  |  | $ | 195,296 |
Debt securities issued by U.S. government agencies | 7,003 |  |  | — |  |  | (1) |  |  | 7,002 |
Available-for-sale securities: |  |  |  |  |  |  |
Corporate debt securities | 198,036 |  |  | 282 |  |  | — |  |  | 198,318 |
Debt securities issued by U.S. government agencies | 183,739 |  |  | 258 |  |  | — |  |  | 183,997 |
Asset backed securities | 61,282 |  |  | 70 |  |  | — |  |  | 61,352 |
Commercial paper | 7,714 |  |  | 4 |  |  | — |  |  | 7,718 |
Other debt securities | 117,424 |  |  | — |  |  | (50) |  |  | 117,374 |
Total cash equivalents and marketable securities | $ | 770,494 |  |  | $ | 614 |  |  | $ | (51) |  |  | $ | 771,057 |
Contractual maturities of the marketable securities at each balance sheet date are as follows (in thousands):
| June 30, 2026 |  | December 31, 2025
Within one year | $ | 283,790 |  |  | $ | 242,002 |
After one year through five years | 615,290 |  |  | 326,757 |
Total | $ | 899,080 |  |  | $ | 568,759 |

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