Marketable Securities (Tables)

12 Months Ended

Dec. 31, 2025

Marketable Securities [Abstract]

Summary of Available-for-Sale Debt Securities

The following table summarizes the available-for-sale debt securities held at December 31, 2025 and 2024 (in thousands):

Description	Amortized Cost		Unrealized Gains		Unrealized Losses			Fair Value
December 31, 2025
US treasury securities	$	316,979	$	623	$	(34	)	$	317,568
US government agencies		290,714		276		(81	)		290,909
Commercial Paper		7,156		1		(2	)		7,155
Corporate securities		645,772		1,285		(266	)		646,791
Total	$	1,260,621	$	2,185	$	(383	)	$	1,262,423

Description	Amortized Cost		Unrealized Gains		Unrealized Losses			Fair Value
December 31, 2024
US treasury securities	$	158,518	$	190	$	(244	)	$	158,464
US government agencies		179,030		33		(1,248	)		177,815
Commercial Paper		15,847		5		-			15,852
Corporate securities		378,736		424		(644	)		378,516
Total	$	732,131	$	652	$	(2,136	)	$	730,647