v3.25.1
Cash, Cash Equivalents and Short-Term Investments, Net (Tables)
 3 Months Ended
Mar. 31, 2025
Cash, Cash Equivalents, and Short-Term Investments [Abstract]  
Schedule of Cash, Cash Equivalents and Short-term Investments in Marketable Securities
Cash, cash equivalents and short-term investments in marketable securities were as follows (in thousands):
As of March 31, 2025
Cash and
Cash
Equivalents		Short-Term
Investments, Net		Total
Cash$226,400 $— $226,400 
Level 1:   
Money market funds768,423 — 768,423 
Level 2:   
Commercial paper118,759 179,640 298,399 
Corporate debt securities— 297,291 297,291 
U.S. government and agency securities4,963 144,895 149,858 
Total$1,118,545 $621,826 $1,740,371 
As of December 31, 2024
Cash and
Cash
Equivalents		Short-Term
Investments, Net		Total
Cash$218,448 $— $218,448 
Level 1:  
Money market funds1,031,413 — 1,031,413 
Level 2:  
Commercial paper101,163 129,879 231,042 
Corporate debt securities3,498 281,775 285,273 
U.S. government and agency securities14,941 140,372 155,313 
Total$1,369,463 $552,026 $1,921,489 
Schedule of Contractual Maturities of Short-Term Investments
The contractual maturities of the Company’s short-term investments are as follows (in thousands):
March 31, 2025
Due in one year$501,688 
Due in one to two years120,138 
Total$621,826