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FAIR VALUE MEASUREMENTS (Tables)

9 Months Ended

Sep. 30, 2025

Fair Value Disclosures [Abstract]

Schedule of Cash Equivalents, Restricted Cash and Marketable Securities by Security Type

Cash equivalents, restricted cash and marketable securities by security type at September 30, 2025 were as follows:

(In thousands)						Amortized Cost						Gross Unrealized Gains						Gross Unrealized Losses						Fair Value
Included in cash and cash equivalents:
Money market funds						$	30,264					$	—					$	—					$	30,264
Commercial paper						4,964						—						—						4,964
						$	35,228					$	—					$	—					$	35,228
Restricted cash:
Money market fund						$	1,602					$	—					$	—					$	1,602
Certificate of deposit						274						—						—						274
						$	1,876					$	—					$	—					$	1,876
Marketable securities:
U.S. Treasury securities (due in less than one year)						$	22,836					$	45					$	—					$	22,881
U.S. Treasury securities (due in 1-2 years)						—						—						—						—
Municipal securities (due in 1 to 2 years)						5,041						13						—						5,054
Government-sponsored enterprise securities (due in 1-2 years)						5,000						—						—						5,000
Commercial paper (due in less than one year)						118,244						34						(4)						118,274
Corporate notes (due in less than one year)						161,050						218						(8)						161,260
Corporate notes (due in one to two years)						28,945						80						(16)						29,009
						$	341,116					$	390					$	(28)					$	341,478

Cash equivalents, restricted cash and marketable securities by security type at December 31, 2024 were as follows:

(In thousands)						Amortized Cost						Gross Unrealized Gains						Gross Unrealized Losses						Fair Value
Included in cash and cash equivalents:
Money market funds						$	45,215					$	—					$	—					$	45,215
Commercial paper						4,978						—						(1)						4,977
						$	50,193					$	—					$	(1)					$	50,192
Restricted cash:
Money market fund						$	1,587					$	—					$	—					$	1,587
Certificate of deposit						273						—						—						273
						$	1,860					$	—					$	—					$	1,860
Marketable securities:
U.S. Treasury securities (due in less than one year)						$	7,937					$	22					$	—					$	7,959
U.S. Treasury securities (due in one to two years)						22,620						1						(11)						22,610
Government-sponsored enterprise securities (due in less than one year)						8,741						7						—						8,748
Commercial paper (due in less than one year)						180,131						150						(56)						180,225
Corporate notes (due in less than one year)						130,361						284						(27)						130,618
Corporate notes (due in one to two years)						72,000						6						(97)						71,909
						$	421,790					$	470					$	(191)					$	422,069

Schedule of Cash Equivalents and Marketable Securities with Unrealized Losses

Cash equivalents and marketable securities with unrealized losses that have been in a continuous unrealized loss position for less than 12 months and 12 months or longer at September 30, 2025 and December 31, 2024 were as follows:

						Less Than 12 Months												12 Months or Longer												Total
(In thousands)						Fair Value						Gross Unrealized Losses						Fair Value						Gross Unrealized Losses						Fair Value						Gross Unrealized Losses
As of September 30, 2025:
Commercial paper (due in less than one year)						27,555						(5)						—						—						27,555						(5)
Corporate notes (due in less than one year)						10,887						(7)						1,980						(2)						12,867						(9)
Corporate notes (due in one to two years)						9,893						(17)						—						—						9,893						(17)
						$	48,335					$	(29)					$	1,980					$	(2)					$	50,315					$	(31)
As of December 31, 2024:
U.S. Treasury securities (due in less than one year)						$	18,593					$	(10)					$	—					$	—					$	18,593					$	(10)
Commercial paper (due in less than one year)						66,076						(56)						—						—						66,076						(56)
Corporate notes (due in less than one year)						31,549						(26)						1,993						(1)						33,542						(27)
Corporate notes (due in one to two years)						53,506						(98)						—						—						53,506						(98)
						$	169,724					$	(190)					$	1,993					$	(1)					$	171,717					$	(191)

Schedule of Financial Instruments Measured at Fair Value on Recurring Basis

The following table presents information about our financial instruments that are measured at fair value on a recurring basis as of September 30, 2025 and December 31, 2024 and indicates the fair value category assigned.

						Fair Value Measurements at Reporting Date Using
						Quoted Prices in Active Markets for Identical Assets						Significant Other Observable Inputs						Significant Unobservable Inputs
(In thousands)						Level 1						Level 2						Level 3						Total
As of September 30, 2025:
Money market funds(1)(2)						$	31,867					$	—					$	—					$	31,867
Certificate of deposit(2)						274						—						—						274
Municipal securities(4)						—						5,054						—						5,054
U.S. Treasury securities(3)						—						22,881						—						22,881
Government-sponsored enterprise securities(4)						—						5,000						—						5,000
Commercial paper(1) (3)						—						123,238						—						123,238
Corporate notes(3)(4)						—						190,268						—						190,268
Total						$	32,140					$	346,441					$	—					$	378,581
As of December 31, 2024:
Money market funds(1)(2)						$	46,802					$	—					$	—					$	46,802
Certificate of deposit(2)						273						—						—						273
U.S. Treasury securities(3)(4)						—						30,570						—						30,570
Government-sponsored enterprise securities(3)						—						8,748						—						8,748
Commercial paper(3)						—						185,201						—						185,201
Corporate notes(3)(4)						—						202,527						—						202,527
Total						$	47,075					$	427,046					$	—					$	474,121

_______________________________

(1)Included in cash and cash equivalents on our condensed consolidated balance sheets.

(2)Included in restricted cash on our condensed consolidated balance sheets.

(3)Included in current portion of marketable securities on our condensed consolidated balance sheets.

(4)Included in noncurrent portion of marketable securities on our condensed consolidated balance sheets.

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