Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2025

Fair Value Disclosures [Abstract]

Schedule of Assets and Liabilities Measured at Fair Value

Assets and liabilities measured at fair value at each balance sheet date are as follows (in thousands):

	December 31, 2025
	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents:
Money market funds	$	149,874	$	—	$	—	$	149,874
Commercial paper	—		24,899		—		24,899
Short-term marketable securities:
U.S. government treasuries	600,084		—		—		600,084
Corporate debt securities	—		62,469		—		62,469
Long-term marketable securities:
U.S. government treasuries	58,545		—		—		58,545
Corporate debt securities	—		39,777		—		39,777
Total	$	808,503	$	127,145	$	—	$	935,648

	December 31, 2024
	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents
Money market funds	$	126,728	$	—	$	—	$	126,728
Short-term marketable securities:
U.S. government treasuries	629,400		—		—		629,400
Corporate debt securities	—		21,399		—		21,399
Commercial paper	—		6,572		—		6,572
Long-term marketable securities:
U.S. government treasuries	334,892		—		—		334,892
Corporate debt securities	—		24,481		—		24,481
Total	$	1,091,020	$	52,452	$	—	$	1,143,472