v3.26.1
Fair Value Disclosure (Tables)
 12 Months Ended
Dec. 31, 2025
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets Measured on Recurring Basis
The Company’s financial assets and liabilities measured at fair value on a recurring basis are as follows (in thousands):
 
As of December 31, 2025
 Fair ValueLevel 1Level 2Level 3
Assets:
Cash and cash equivalents:
Cash$1,007,068 $1,007,068 $— $— 
Money market funds580,000 580,000 — — 
Short-term investments:
Time deposits730,213 — 730,213 — 
Total assets measured and recorded at fair value$2,317,281 $1,587,068 $730,213 $— 
Liabilities:
Accrued liabilities:
Contingent consideration$28,110 $— $— $28,110 
Other long-term liabilities:
Contingent consideration40,006 — — 40,006 
Total liabilities measured and recorded at fair value$68,116 $— $— $68,116 
 
As of December 31, 2024
 Fair ValueLevel 1Level 2Level 3
Assets:
Cash and cash equivalents:
Cash$794,213 $794,213 $— $— 
Money market funds1,366,023 1,366,023 — — 
Restricted cash, current403 403 — — 
Other non-current assets:
Strategic investment - convertible promissory notes55,225 — — 55,225 
Total assets measured and recorded at fair value$2,215,864 $2,160,639 $— $55,225 
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation
The following table reflects the changes in the fair value of the Company’s convertible promissory notes measured using Level 3 inputs (in thousands):
Years Ended December 31,
20252024
Beginning balance$55,225 $53,816 
Change in estimated fair value2,940 1,409 
Repayment of principal and interest(58,165)— 
Ending balance$— $55,225