Cash, Cash Equivalents and Short-Term Investments, Net (Tables)

6 Months Ended

Jun. 30, 2024

Cash, Cash Equivalents, and Short-Term Investments [Abstract]

Schedule of Cash, Cash Equivalents and Short-term Investments in Marketable Securities

Cash, cash equivalents and short-term investments in marketable securities were as follows (in thousands):

	As of June 30, 2024
	Cash and Cash Equivalents		Short-Term Investments, Net		Total
Cash	$	205,707	$	—	$	205,707
Level 1:
Money market funds	761,789		—		761,789
Level 2:
Commercial paper	27,903		204,389		232,292
Corporate debt securities	—		192,131		192,131
U.S. government and agency securities	13,964		100,648		114,612
Total	$	1,009,363	$	497,168	$	1,506,531

	As of December 31, 2023
	Cash and Cash Equivalents		Short-Term Investments, Net		Total
Cash	$	289,512	$	—	$	289,512
Level 1:
Money market funds	560,673		—		560,673
Level 2:
Commercial paper	36,013		168,224		204,237
Corporate debt securities	—		185,465		185,465
U.S. government and agency securities	8,931		131,470		140,401
Total	$	895,129	$	485,159	$	1,380,288

Schedule of Contractual Maturities of Short-Term Investments

The contractual maturities of the Company’s short-term investments are as follows (in thousands):

	June 30, 2024
Due in one year	$	458,730
Due in one to two years	38,438
Total	$	497,168