v3.26.1
Fair Value (Tables)
 6 Months Ended
Jun. 30, 2026
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis
The following table presents fair values of our financial and debt instruments categorized by their fair value hierarchy as of June 30, 2026:
Level 1Level 2Level 3Total
Cash and cash equivalents$895,353 $— $— $895,353 
Available-for-sale investments— 119,914 — 119,914 
2031 Notes— 1,427,797 — 1,427,797 
The following table presents fair values of our financial and debt instruments categorized by their fair value hierarchy as of December 31, 2025:
Level 1Level 2Level 3Total
Cash and cash equivalents$1,015,400 $— $— $1,015,400 
Available-for-sale investments— 142,498 — 142,498 
Equity investment
— — 10,000 10,000 
2026 Notes— 607,500 — 607,500 
Schedule of Fair Value, by Balance Sheet Grouping
The following table presents the fair value and carrying value, net, of our Convertible Senior Notes:
 Fair Value atCarrying Value at
June 30, 2026December 31, 2025June 30, 2026December 31, 2025
2031 Notes$1,427,797 $— $1,408,691 $— 
2026 Notes— 607,500 — 599,663