The following table presents information about the Company’s financial instruments that are measured at fair value on a recurring basis using the input categories discussed in Note 1:


	As of June 30, 2025
	Level 1		Level 2		Level 3		Total
Cash equivalents
Money market funds	$	625.7	$	—	$	—	$	625.7
Total cash equivalents	$	625.7	$	—	$	—	$	625.7
Short-term investments
Corporate notes and obligations	—		99.9		—		99.9
U.S. Treasury securities	—		83.8		—		83.8
Municipal securities	—		20.8		—		20.8
Asset backed securities	—		8.4		—		8.4
U.S. agency obligations	—		3.7		—		3.7
Supranational securities	—		1.8		—		1.8
Total short-term investments	—		218.4		—		218.4
Total	$	625.7	$	218.4	$	—	$	844.1


	As of December 31, 2024
	Level 1		Level 2		Level 3		Total
Cash equivalents
Money market funds	$	1,230.0	$	—	$	—	$	1,230.0
Total cash equivalents	$	1,230.0	$	—	$	—	$	1,230.0
Short-term investments
Corporate notes and obligations	—		130.0		—		130.0
U.S. Treasury securities	—		82.4		—		82.4
Municipal securities	—		29.3		—		29.3
Asset backed securities	—		18.9		—		18.9
U.S. agency obligations	—		3.6		—		3.6
Supranational securities	—		1.7		—		1.7
Total short-term investments	—		265.9		—		265.9
Total	$	1,230.0	$	265.9	$	—	$	1,495.9