Cash Equivalents, Marketable Securities and Restricted Cash (Tables)

3 Months Ended

Mar. 31, 2026

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

Schedule of Cash Equivalents and Marketable Securities

The marketable securities consist of government securities as follows (in thousands):

	As of March 31, 2026
	Amortized Cost		Unrealized Gains		Unrealized Losses		Aggregate Fair Value
Cash equivalents
Money market funds	$	319,115	$	—	$	—	$	319,115
Total cash equivalents		319,115		—		—		319,115
Marketable securities
Government securities		44,752		208		—		44,960
Total marketable securities		44,752		208		—		44,960
Restricted cash
Certificate of deposit		776		—		—		776
Total cash equivalents, marketable securities and restricted cash	$	364,643	$	208	$	—	$	364,851

	As of December 31, 2025
	Amortized Cost		Unrealized Gains		Unrealized Losses		Aggregate Fair Value
Cash equivalents
Money market funds	$	249,393	$	—	$	—	$	249,393
Total cash equivalents		249,393		—		—		249,393
Marketable securities
Government securities		44,872		168		—		45,040
Total marketable securities		44,872		168		—		45,040
Restricted cash
Certificate of deposit		770		—		—		770
Total cash equivalents, marketable securities    and restricted cash	$	295,035	$	168	$	—	$	295,203

Schedule of Cash Equivalents and Restricted Cash

A reconciliation of the cash, cash equivalents and restricted cash reported in the balance sheets that sum to the total of the amounts shown in the condensed statements of cash flows is as follows (in thousands):

	As of March 31, 2026		As of December 31, 2025
Cash and cash equivalents	$	320,676	$	250,173
Restricted cash		776		770
Total cash, cash equivalents and restricted cash	$	321,452	$	250,943