Fair Value Measurements (Tables)

6 Months Ended

Jun. 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 June 30, 2025 and December 31, 2024 (in thousands):

	Fair Value Measurements at June 30, 2025
	Level 1		Level 2		Level 3		Total
Cash and cash equivalents	$	331,710	$	—	$	—	$	331,710
U.S. Treasury bills	$	—	$	7,352	$	—	$	7,352
Contingent earn-out obligations	$	—	$	—	$	68,343	$	68,343
	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):

	Six Months Ended		Year Ended
	June 30, 2025		December 31, 2024
Balance at beginning of period	$	140,156	$	44,222
Issuances		719		51,784
Settlements		(80,363)		(43,996)
Adjustments to fair value		7,831		88,146
Balance at end of period	$	68,343	$	140,156