v3.26.1
Fair Value Measurements (Tables)
 3 Months Ended
Mar. 31, 2026
Disclosure Text Block Supplement [Abstract]  
Fair Value Measurements, Recurring and Nonrecurring The fair values of the Company’s financial instruments associated with each of the three levels of the hierarchy are:

 

 

 

As of March 31, 2026

 

(in thousands)

 

 

Level 1

 

Level 2

 

Level 3

 

Total

Cash and cash equivalents

$

344,512

$

—

$

—

$

344,512

Restricted cash and cash equivalents

 

1,700

 

—

 

—

 

1,700

Investments

 

—

 

—

 

32,664

 

32,664

 

$

346,212

$

—

$

32,664

$

378,876

 

 

 

As of December 31, 2025

 

(in thousands)

 

 

Level 1

 

Level 2

 

Level 3

 

Total

 

 

 

 

 

 

 

 

 

Cash and cash equivalents

$

274,298

$

—

$

—

$

274,298

Restricted cash and cash equivalents

 

10,984

 

—

 

—

 

10,984

Investments

 

—

 

—

 

32,720

 

32,720

 

$

285,282

$

—

$

32,720

$

318,002