Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2025

Fair Value Measurements

Schedule of Company's assets and liabilities by level within the fair value hierarchy

	December 31, 2025
	Fair Value Measurements
	Level 1		Level 2		Level 3		Total
	(in thousands)
Assets
Cash equivalents and other short-term investments:
Cash equivalents (money market funds, U.S. Government Securities and Agency Investments)	$	93,348	$	—	$	—	$	93,348
Short-term investments (U.S. Government Securities and Agency Investments)		228,802		—		—		228,802
Mark-to-market adjustment on forward exchange contracts		—		435		—		435
Long-term investments (U.S. Government Securities and Agency Investments)		182,396		—		—		182,396
Total	$	504,546	$	435	$	—	$	504,981

	December 31, 2024
	Fair Value Measurements
	Level 1		Level 2		Level 3		Total
	(in thousands)
Assets
Cash equivalents and other short-term investments:
Cash equivalents (money market funds, U.S. Government Securities and Agency Investments)	$	81,320	$	—	$	—	$	81,320
Short-term investments (U.S. Government Securities and Agency Investments)		448,296		—		—		448,296
Mark-to-market adjustment on forward exchange contracts		—		267		—		267
Total	$	529,616	$	267	$	—	$	529,883

Schedule of contractual maturities of our cash equivalents and investments

	Amortized Cost		Fair Value
	(in thousands)
Due within one year	$	322,032	$	322,150
Due after one year through two years		182,078		182,396
Total	$	504,110	$	504,546