| Schedule of Financial Assets and Liabilities Measured at Fair Value |
The following table presents information about the Company’s financial assets and liabilities that are measured at fair value and indicates the fair value hierarchy of the valuation:
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June 30, 2026 |
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Total |
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Level 1 |
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Level 2 |
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Level 3 |
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(in thousands) |
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Assets: |
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Money market funds |
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$ |
436,756 |
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$ |
436,756 |
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$ |
— |
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$ |
— |
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Commercial paper |
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569,502 |
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— |
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569,502 |
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— |
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U.S. government and agency securities |
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1,163,860 |
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— |
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1,163,860 |
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— |
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Corporate bonds |
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1,712,855 |
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— |
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1,712,855 |
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— |
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Total |
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$ |
3,882,973 |
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$ |
436,756 |
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$ |
3,446,217 |
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$ |
— |
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Liabilities: |
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Warrant liabilities |
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185,253 |
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103,535 |
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|
81,718 |
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— |
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Total |
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$ |
185,253 |
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$ |
103,535 |
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$ |
81,718 |
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$ |
— |
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December 31, 2025 |
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Total |
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Level 1 |
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Level 2 |
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Level 3 |
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(in thousands) |
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Assets: |
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|
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Money market funds |
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$ |
369,376 |
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|
$ |
369,376 |
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|
$ |
— |
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|
$ |
— |
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Commercial paper |
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|
75,080 |
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|
|
— |
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|
|
75,080 |
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|
|
— |
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U.S. government and agency securities |
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|
690,683 |
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|
|
— |
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|
690,683 |
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|
|
— |
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Corporate bonds |
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|
889,057 |
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|
— |
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|
889,057 |
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|
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— |
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Total |
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$ |
2,024,196 |
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$ |
369,376 |
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|
$ |
1,654,820 |
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$ |
— |
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Liabilities: |
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Warrant liabilities |
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18,546 |
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|
10,376 |
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|
8,170 |
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— |
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Total |
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$ |
18,546 |
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$ |
10,376 |
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$ |
8,170 |
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$ |
— |
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