Cash Equivalents and Short-Term Investments (Tables)

12 Months Ended

Dec. 31, 2024

Investments, Debt and Equity Securities [Abstract]

Schedule of Cash Equivalents and Short-Term Investments

As of December 31, 2024, our cash equivalents and short-term investments were as follows:

(in thousands)	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses Less Than 12 Continuous Months		Estimated Fair Value(1)
Cash equivalents:
Money market funds	$	410,515	$	—	$	—	$	410,515
Total cash equivalents	410,515		—		—		410,515
Short-term investments:
Corporate debt securities	27,149		76		(20)		27,205
Municipal bonds	18,402		39		(59)		18,382
U.S. agency bonds	5,056		—		(51)		5,005
Other short-term investments	182		—		—		182
Total short-term investments	50,789		115		(130)		50,774
Total cash equivalents and short-term investments	$	461,304	$	115	$	(130)	$	461,289

(1) See Note 9, "Fair Value Measurement" for further discussion on fair values.

Debt Securities, Available-for-Sale Maturities

The following table outlines maturities of our available-for-sale debt securities as of December 31, 2024:

(in thousands)	Amortized Cost		Fair Value
Less than 1 year	$	16,796	$	16,822
1-3 years	33,811		33,770
Total	$	50,607	$	50,592