Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2026

The following table presents information about the Company’s assets measured at fair value as of March 31, 2026:


	Level 1		Level 2		Level 3		Total
Assets:
Cash and cash equivalents and restricted cash	$	267,719	$	—	$	—	$	267,719
Marketable securities	—		138,704		—		138,704
Equity investments	32,820		—		—		32,820
Total	$	300,539	$	138,704	$	—	$	439,243

The following table presents information about the Company’s assets measured at fair value as of December 31, 2025:


	Level 1		Level 2		Level 3		Total
Assets:
Cash and cash equivalents and restricted cash	$	237,385	$	—	$	—	$	237,385
Marketable securities	—		164,947		—		164,947
Equity investments	66,641		—		—		66,641
Total	$	304,026	$	164,947	$	—	$	468,973