Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2025

Fair Value Disclosures [Abstract]

Schedule of Assets Measured at Fair Value on Recurring Basis

The following table presents information about the Company’s financial assets measured at fair value on a recurring basis and indicates the level of the fair value hierarchy utilized to determine such fair values as of December 31, 2025 and 2024 (in thousands):

	Fair Value Measurements at December 31, 2025:
	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents
Money market fund	$	299,067	$	—	$	—	$	299,067
Commercial Paper		—		16,616		—		16,616
Corporate bonds		—		14,355		—		14,355
Marketable securities, current
US treasuries		157,069		—		—		157,069
US government agencies		—		126,290		—		126,290
Commercial Paper		—		7,155		—		7,155
Corporate bonds		—		200,750		—		200,750
Marketable securities, non-current
US treasuries		160,500		—		—		160,500
US government agencies		—		164,618		—		164,618
Corporate bonds		—		446,041		—		446,041
Restricted cash		5,800		—		—		5,800
Total	$	622,436	$	975,825	$	—	$	1,598,261

	Fair Value Measurements at December 31, 2024:
	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents
Money market fund	$	106,234	$	—	$	—	$	106,234
US treasuries		1,497		—		—		1,497
US government agencies		—		9,925		—		9,925
Marketable securities, current
US treasuries		96,442		—		—		96,442
US government agencies		—		42,068		—		42,068
Commercial Paper		—		15,851		—		15,851
Corporate bonds		—		214,127		—		214,127
Marketable securities, non-current
US treasuries		62,022		—		—		62,022
US government agencies		—		135,749		—		135,749
Corporate bonds		—		164,388		—		164,388
Restricted cash		5,794		—		—		5,794
Total	$	271,989	$	582,108	$	—	$	854,097