Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2025

Fair Value Disclosures [Abstract]

Summary of fair values and levels within the fair value hierarchy in which the fair value measurements fall for assets and liabilities measured on a recurring basis

The following table summarizes the fair values, and levels within the fair value hierarchy in which the fair value measurements are included, for assets and liabilities measured on a recurring basis as of September 30, 2025 and December 31, 2024 (in thousands):

	Fair Value Measurements at September 30, 2025
	Level 1		Level 2		Level 3		Total
Cash and cash equivalents	$	860,523	$	—	$	—	$	860,523
U.S. Treasury bills	$	—	$	20,661	$	—	$	20,661
Contingent earn-out obligations	$	—	$	—	$	36,446	$	36,446
	Fair Value Measurements at December 31, 2024
	Level 1		Level 2		Level 3		Total
Cash and cash equivalents	$	549,939	$	—	$	—	$	549,939
Contingent earn-out obligations	$	—	$	—	$	140,156	$	140,156

Schedule of reconciliation of the fair value of contingent earn-out obligations that use significant unobservable inputs (Level 3)

The table below presents a reconciliation of the fair value of our contingent earn-out obligations that use significant unobservable inputs (Level 3) (in thousands):

	Nine Months Ended		Year Ended
	September 30, 2025		December 31, 2024
Balance at beginning of period	$	140,156	$	44,222
Issuances		719		51,784
Settlements		(124,363)		(43,996)
Adjustments to fair value		19,934		88,146
Balance at end of period	$	36,446	$	140,156