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Cash equivalents and Marketable Securities (Tables)
 11 Months Ended
Dec. 31, 2024
Cash equivalents and Marketable Securities [Abstract]  
Schedule of Cash Equivalents and Marketable Securities

Cash equivalents and marketable securities, which are classified as available-for-sale, consisted of the following as of December 31, 2024 (in thousands):

 

   December 31, 2024 
   Amortized Cost   Gross Unrealized Gains   Gross Unrealized Losses   Fair Value 
Cash equivalents                
Money market funds  $6,350   $—   $—   $6,350 
U.S. treasury securities   19,656    4    —    19,660 
U.S. government agency securities   3,988    —    —    3,988 
Commercial papers   22,180    —    (3)   22,177 
Total cash equivalents   52,174    4    (3)   52,175 
Marketable securities                    
Marketable securities, current                    
U.S. treasury securities   190,748    55    (11)   190,792 
U.S. government agency securities   12,967    1    (2)   12,966 
Commercial papers   34,808    3    —    34,811 
Corporate debt securities   75,537    7    (40)   75,504 
Total marketable securities, current   314,060    66    (53)   314,073 
Marketable securities, long-term                    
U.S. treasury securities   13,639    —    (32)   13,607 
U.S. government agency securities   4,485    —    (23)   4,462 
Total marketable securities, long-term   18,124    —    (55)   18,069 
Total cash equivalents and marketable securities  $384,358   $70   $(111)  $384,317 
Schedule of Available-for-Sale Securities in an Unrealized Loss Position

The following table summarizes the available-for-sale securities in an unrealized loss position, aggregated by major security type and length of time in a continuous unrealized loss position, for which an allowance for credit losses was not recorded as of December 31, 2024, (in thousands):

 

    December 31, 2024  
    Less than 12 months     12 months or longer     Total  
    Fair
Value		     Unrealized
Losses		     Fair
Value		     Unrealized
Losses		     Fair
Value		     Unrealized
Losses		  
Cash equivalents                                    
Commercial papers   $ 18,199     $ (3 )   $ —     $ —     $ 18,199     $ (3 )
Marketable securities                                                
Marketable securities, current                                                
U.S. treasury securities     49,904       (11 )     —       —       49,904       (11 )
U.S. government agency securities     4,713       (2 )     —       —       4,713       (2 )
Corporate debt securities     39,468       (40 )     —       —       39,468       (40 )
Marketable securities, long-term                                     —       —  
U.S. treasury securities     13,607       (32 )     —       —       13,607       (32 )
U.S. government agency securities     4,462       (23 )     —       —       4,462       (23 )
Total   $ 130,353     $ (111 )   $ —     $ —     $ 130,353     $ (111 )
Schedule of Marketable Securities at Estimated Fair Value

The following table summarizes the contractual maturities of the Company’s marketable securities at estimated fair value (in thousands):

 

   December 31,
2024		 
Due in one year or less  $314,073 
Due in 1-2 years   18,069 
Total  $332,142