v3.26.1
Fair Value Measurements (Tables)
 3 Months Ended
Mar. 31, 2026
Fair Value Disclosures [Abstract]  
Schedule of Assets and Liabilities at Fair Value
The following tables present the fair value hierarchy for assets and liabilities measured at fair value:
March 31, 2026
Level 1Level 2Level 3Total Fair Value
Cash equivalents
U.S. treasury bills$223,769 $— $— $223,769 
Money market funds99,159 — — 99,159 
Commercial paper— 46,145 — 46,145 
Certificates of deposit
— 33,302 — 33,302 
Corporate debt securities— 8,612 — 8,612 
Short-term investments
U.S. treasury securities32,021 — — 32,021 
Asset-backed securities— 5,246 — 5,246 
Restricted cash
Money market funds
48,340 — — 48,340 
Total assets measured at fair value$403,289 $93,305 $— $496,594 
December 31, 2025
Level 1Level 2Level 3Total Fair Value
Cash equivalents
U.S. treasury bills$292,381 $— $— $292,381 
Money market funds96,042 — — 96,042 
Commercial paper
— 41,450 — 41,450 
Certificates of deposit— 35,213 — 35,213 
Corporate debt securities
— 16,059 — 16,059 
Short-term investments
U.S. treasury securities56,087 — — 56,087 
Asset-backed securities— 6,396 — 6,396 
Restricted cash
Money market funds45,786 — — 45,786 
Total assets measured at fair value
$490,296 $99,118 $— $589,414