v3.25.2
Financial Instruments (Tables)
6 Months Ended
Jun. 30, 2025
Investments, Debt and Equity Securities [Abstract]  
Schedule of Cash, Cash Equivalents, and Restricted Cash Measured at Fair Value on a Recurring Basis
The following table summarizes, by major security type, our cash, cash equivalents, and restricted cash that are measured at fair value on a recurring basis and are categorized using the fair value hierarchy (in thousands):
June 30, 2025December 31, 2024
Fair Value (1)
Cash$829,573 $995,802 
Level 1:
Restricted cash and cash equivalents:
Restricted cash$10,462 $10,209 
Money market funds367,842 327,333 
Time deposits493,630 194,537 
Total restricted cash and cash equivalents$871,934 $532,079 
Total cash, cash equivalents, and restricted cash$1,701,507 $1,527,881 
(1)    Due to the highly liquid nature of our investments, amortized cost approximates fair value.