Fair value of financial instruments (Tables)

12 Months Ended

Dec. 31, 2025

Fair Value Disclosures [Abstract]

Schedule of Fair Values of Financial Instruments Measured on a Recurring Basis

The fair values of the financial instruments we measure at fair value on a recurring basis are as follows (in thousands):

	December 31, 2025
	Level 1		Level 2		Level 3		Total
Cash equivalents:
Money market funds	$	452,315	$	—	$	—	$	452,315
Commercial paper	—		286,879		—		286,879
U.S. treasury securities	64,934		—		—		64,934
Corporate bonds	—		4,516		—		4,516
Marketable securities:
Corporate bonds	—		706,288		—		706,288
U.S. treasury securities	374,844		—		—		374,844
Commercial paper	—		253,466		—		253,466
Certificates of deposit	—		163,213		—		163,213
Other assets:
Certificates of deposit	$	—	$	6,020	$	—	$	6,020

	December 31, 2024
	Level 1		Level 2		Level 3		Total
Cash equivalents:
Money market funds	$	861,824	$	—	$	—	$	861,824
Commercial paper	—		150,456		—		150,456
Corporate bonds	—		8,304		—		8,304
Certificates of deposit	—		4,158		—		4,158
Marketable securities:
Corporate bonds	—		516,212		—		516,212
U.S. treasury securities	425,353		—		—		425,353
Commercial paper	—		260,385		—		260,385
Certificates of deposit	—		172,021		—		172,021
Non-U.S. government and supranational bonds	—		2,438		—		2,438
Other assets:
Certificates of deposit	$	—	$	4,761	$	—	$	4,761