v3.25.3
Fair Value Measurements (Tables)
 9 Months Ended
Sep. 30, 2025
Fair Value Disclosures [Abstract]  
Schedule of Financial Assets Measured at Fair Value on a Recurring Basis
The following tables sets forth our financial assets that are measured at fair value on a recurring basis:
September 30, 2025
Fair value
hierarchy
level		Cost or
amortized
cost		Gross
unrealized
gains		Gross
unrealized
losses		Fair
value
(in thousands)
Cash equivalents:
Money market funds Level 1$781,814 $— $— $781,814 
U.S. treasury securities
Level 1
10,427 1 — 10,428 
Commercial paperLevel 219,929 2 — 19,931 
Certificates of depositLevel 225,680 — — 25,680 
Marketable securities:
U.S. treasury securities Level 1539,741 1,086 (25)540,802 
U.S. agency bonds Level 2287,524 229 (112)287,641 
Corporate bonds Level 2263,229 833 (51)264,011 
Commercial paper Level 2221,597 120 (1)221,716 
Total $2,149,941 $2,271 $(189)$2,152,023 
December 31, 2024
Fair value
hierarchy
level		Cost or
amortized
cost		Gross
unrealized
gains		Gross
unrealized
losses		Fair
value
(in thousands)
Cash equivalents:
Money market funds Level 1$497,461 $— $— $497,461 
U.S. treasury securitiesLevel 15,979 2 — 5,981 
Corporate bondsLevel 21,066 2 — 1,068 
Marketable securities:
U.S. treasury securities Level 1817,996 1,120 (396)818,720 
U.S. agency bondsLevel 2117,965 15 (62)117,918 
Corporate bondsLevel 2159,424 400 (86)159,738 
Commercial paperLevel 2182,264 99 (22)182,341 
Total $1,782,155 $1,638 $(566)$1,783,227