Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2026

Fair Value Disclosures [Abstract]

Schedule of Financial Assets and Liabilities Measured on Recurring Basis

The following table represents the fair value hierarchy for the Company’s financial assets and financial liabilities measured at fair value on a recurring basis:

	September 30, 2026								December 31, 2025
	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
	(in thousands)
Financial Assets:
Cash, cash equivalents and restricted cash (1)	$	1,097,195	$	—	$	—	$	1,097,195	$	1,076,140	$	—	$	—	$	1,076,140
Warrants	—		—		19,987		19,987		—		—		12,659		12,659
Total financial assets	$	1,097,195	$	—	$	19,987	$	1,117,182	$	1,076,140	$	—	$	12,659	$	1,088,799
Financial Liabilities:
Total contingent consideration(2)	$	—	$	—	$	129,060	$	129,060	$	—	$	—	$	118,360	$	118,360

(1)Cash equivalents includes money market deposits and liquid demand deposits.

(2)As of September 30, 2026, contingent consideration includes $45.9 million classified as current and $83.2 million classified as non-current. As of December 31, 2025, contingent consideration includes $21.6 million classified as current and $96.8 million classified as non-current.

Schedule of Reconciliation of Contingent Consideration

The following table provides a reconciliation of the beginning and ending balances of contingent consideration:

	Three Months Ended		Nine Months Ended
	September 30, 2026
	(in thousands)
Beginning balance	$	120,505	$	118,360
Changes in fair value(1)	7,670		8,220
Post-combination vesting(2)	885		2,480
Total	$	129,060	$	129,060

(1) The changes in fair value of the contingent consideration liability were recorded in selling, general and administrative expenses in the condensed consolidated statement of operations and comprehensive loss.

(2) Post-combination vesting was recorded to stock-based compensation expense and classified in the condensed consolidated statement of operations and comprehensive loss based on the underlying employees' functional categories.