Cash, Cash Equivalents and Investments (Tables)

3 Months Ended

Mar. 31, 2026

Cash and Cash Equivalents [Abstract]

Schedule of Cash, Cash Equivalents, Marketable Securities, and Available-for-Sale Investments

The following tables summarize our cash, cash equivalents, marketable securities and available-for-sale debt investments at March 31, 2026 and December 31, 2025 (in thousands):

	As of March 31, 2026
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value		Cash and Cash Equivalents		Marketable Securities		Short-Term Investments
Cash	$	182,231	$	—	$	—	$	182,231	$	182,231	$	—	$	—
Level 1:
Money market funds	269,513		—		—		269,513		269,513		—		—
Marketable securities	13,100		4,952		—		18,052		—		18,052		—
Subtotal	282,613		4,952		—		287,565		269,513		18,052		—
Level 2:
Term deposits	267,177		—		—		267,177		7,177		—		260,000
Subtotal	267,177		—		—		267,177		7,177		—		260,000
Total	$	732,021	$	4,952	$	—	$	736,973	$	458,921	$	18,052	$	260,000

	As of December 31, 2025
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value		Cash and Cash Equivalents		Marketable Securities		Short-Term Investments
Cash	$	168,294	$	—	$	—	$	168,294	$	168,294	$	—	$	—
Level 1:
Money market funds	821,711		—		—		821,711		821,711		—		—
Marketable securities	15,093		12,120		—		27,213		—		27,213		—
U.S. Treasury bills	231,766		69		—		231,835		200,200		—		31,635
Agency bonds	6,456		3		—		6,459		—		—		6,459
Subtotal	1,075,026		12,192		—		1,087,218		1,021,911		27,213		38,094
Level 2:
Term deposits	385,942		—		—		385,942		10,942		—		375,000
Corporate bonds	72,322		42		(3)		72,361		—		—		72,361
Commercial paper	18,462		—		—		18,462		—		—		18,462
Certificates of deposit	1,500		—		—		1,500		—		—		1,500
Subtotal	478,226		42		(3)		478,265		10,942		—		467,323
Total	$	1,721,546	$	12,234	$	(3)	$	1,733,777	$	1,201,147	$	27,213	$	505,417