Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2025

Fair Value Measurements

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

	March 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)	$	141,225	$	—	$	—	$	141,225
Short-term investments (U.S. Government Securities and Agency Investments)		403,102		—		—		403,102
Mark-to-market adjustment on forward exchange contracts		—		130		—		130
Total	$	544,327	$	130	$	—	$	544,457

	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