Fair Value of Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2024

Fair Value Disclosures [Abstract]

Schedule of Financial Assets Measured at Fair Value on Recurring Basis Within Fair Value Hierarchy

Financial assets measured at fair value on a recurring basis within the fair value hierarchy are summarized as follows (in thousands):

	June 30, 2024
	Level 1		Level 2		Level 3		Total
Cash equivalents:
Money market funds	$	295,343	$	—	$	—	$	295,343
Commercial paper	—		2,041		—		2,041
Corporate notes and obligations	—		3,918		—		3,918
Marketable securities:
U.S. treasury securities	167,566		—		—		167,566
Commercial paper	—		53,070		—		53,070
Corporate notes and obligations	—		203,914		—		203,914
Strategic investments:
Investments in available-for-sale debt securities	—		—		366		366
Total	$	462,909	$	262,943	$	366	$	726,218

	December 31, 2023
	Level 1		Level 2		Level 3		Total
Cash equivalents:
Money market funds	$	303,452	$	—	$	—	$	303,452
Marketable securities:
U.S. treasury securities	128,576		—		—		128,576
Commercial paper	—		47,381		—		47,381
Corporate notes and obligations	—		139,680		—		139,680
Time deposits	—		4,524		—		4,524
Strategic investments:
Investments in available-for-sale debt securities	—		—		362		362
Total	$	432,028	$	191,585	$	362	$	623,975