Fair Value Measurement (Tables)

12 Months Ended

Dec. 31, 2024

Fair Value Disclosures [Abstract]

Schedule of Financial Assets Measured at Fair Value on Recurring Basis

The following tables present information about the Company’s financial assets measured at fair value on a recurring basis and indicate the fair value hierarchy classification of such fair values as of December 31, 2024 and 2023 (in thousands):

	Fair Value Measurements at
	December 31, 2024
	Total		Level 1		Level 2		Level 3
Cash and cash equivalents:
Cash	$	193,958	$	193,958	$	—	$	—
Money market funds		74,155		74,155		—		—
Corporate debt securities		882		—		882		—
Commercial paper		29,262		—		29,262		—
Marketable securities:
U.S. Treasury securities		5,938		—		5,938		—
Corporate debt securities		1,138,105		—		1,138,105		—
Certificates of deposit		52,372		—		52,372		—
Government-sponsored enterprise securities		266,862		—		266,862		—
Commercial paper		127,800		—		127,800		—
Corporate equity securities		14,492		2,391		12,101		—
Total	$	1,903,826	$	270,504	$	1,633,322	$	—

	Fair Value Measurements at
	December 31, 2023
	Total		Level 1		Level 2		Level 3
Cash and cash equivalents:
Cash	$	197,756	$	197,756	$	—	$	—
Money market funds		185,990		185,990		—		—
U.S. Treasury securities		5,731		—		5,731		—
Marketable securities:
U.S. Treasury securities		23,008		—		23,008		—
Corporate debt securities		885,358		—		885,358		—
Certificates of deposit		47,282		—		47,282		—
Government-sponsored enterprise securities		195,131		—		195,131		—
Commercial paper		155,409		—		155,409		—
Total	$	1,695,665	$	383,746	$	1,311,919	$	—