v3.26.1
Summary of Significant Accounting Policies (Tables)
 3 Months Ended
Mar. 31, 2026
Accounting Policies [Abstract]  
Reconciliation of Cash and Cash Equivalents
The following table reconciles cash, cash equivalents and restricted cash per the condensed consolidated statements of cash flows:
March 31,
20262025
Cash and cash equivalents$741,363 $360,421 
Restricted cash(1)
157 1,747 
Total cash, cash equivalents and restricted cash$741,520 $362,168 
___________________
(1) Restricted cash as of March 31, 2026 primarily consisted of deposits held with certain government agencies for local jurisdictional requirements. Restricted cash as of March 31, 2025 consisted of deposits in financial institutions related to a letter of credit used to secure a lease agreement; the funds were released to the Company in September 2025.
Reconciliation of Restricted Cash
The following table reconciles cash, cash equivalents and restricted cash per the condensed consolidated statements of cash flows:
March 31,
20262025
Cash and cash equivalents$741,363 $360,421 
Restricted cash(1)
157 1,747 
Total cash, cash equivalents and restricted cash$741,520 $362,168 
___________________
(1) Restricted cash as of March 31, 2026 primarily consisted of deposits held with certain government agencies for local jurisdictional requirements. Restricted cash as of March 31, 2025 consisted of deposits in financial institutions related to a letter of credit used to secure a lease agreement; the funds were released to the Company in September 2025.
Disclosure of Changes in Allowance for Doubtful Accounts The following table presents the changes in the allowance for expected credit losses for the period presented:
Amount
Balance as of December 31, 2025$6,374 
Provision for expected credit losses3,492 
Write-offs and other(3,823)
Balance as of March 31, 2026$6,043