CASH, CASH EQUIVALENTS AND MARKETABLE SECURITIES (Tables)

12 Months Ended

Dec. 31, 2024

Cash and Cash Equivalents [Abstract]

Summary of Company Financial Assets with Maturities of Less Than 90 Days Included in Cash Equivalents

The following table summarizes the Company’s financial assets with maturities of less than 90 days from the date of purchase included in cash equivalents in the consolidated balance sheets for each of the periods indicated:

	As of December 31,
	2024		2023
	(in thousands)
Money market funds	$	455,535	$	63,919
Commercial paper		—		53,680
Total	$	455,535	$	117,599

Summary of Company Cash, Cash Equivalents and Investments

The following tables summarize the Company’s cash, cash equivalents, short-term investments and non-current investments for each of the periods indicated:

	As of December 31, 2024
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Market Value
	(in thousands)
Cash and money market funds	$	1,103,010	$	—	$	—		$	1,103,010
Government and government agency bonds		280,001		227		(329	)		279,899
Corporate bonds		93,816		67		(156	)		93,727
Certificates of deposit		11,319		—		—			11,319
Total cash, cash equivalents and investments	$	1,488,146	$	294	$	(485	)	$	1,487,955
As reported:
Cash and cash equivalents	$	1,103,010	$	—	$	—		$	1,103,010
Short-term investments		251,598		286		(102	)		251,782
Non-current investments		133,538		8		(383	)		133,163
Total cash, cash equivalents and investments	$	1,488,146	$	294	$	(485	)	$	1,487,955
	As of December 31, 2023
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Market Value
	(in thousands)
Cash and money market funds	$	374,750	$	—	$	—		$	374,750
Commercial paper		113,362		—		—			113,362
Government and government agency bonds		1,000,302		1,006		(171	)		1,001,137
Corporate bonds		130,270		118		(8	)		130,380
Certificates of deposit		56,621		—		—			56,621
Total cash, cash equivalents and investments	$	1,675,305	$	1,124	$	(179	)	$	1,676,250
As reported:
Cash and cash equivalents	$	428,430	$	—	$	—		$	428,430
Short-term investments		1,246,875		1,124		(179	)		1,247,820
Total cash, cash equivalents and investments	$	1,675,305	$	1,124	$	(179	)	$	1,676,250