Fair value measurement (Tables)

3 Months Ended

Mar. 31, 2026

Fair value measurement

Schedule of financial assets measured at fair value on a recurring basis

The following tables summarize the Company’s financial assets measured at fair value on a recurring basis by level within the fair value hierarchy (in thousands):

	March 31, 2026
	Level	Amortized Cost		Unrealized Gain		Unrealized Loss		Fair Value
Cash equivalents:
Money market funds	1	$	579,870	$	—	$	—	$	579,870
Total financial assets		$	579,870	$	—	$	—	$	579,870

	December 31, 2025
	Level	Amortized Cost		Unrealized Gain		Unrealized Loss		Fair Value
Cash equivalents:
Money market funds	1	$	652,112	$	—	$	—	$	652,112
Total financial assets		$	652,112	$	—	$	—	$	652,112