v3.26.1
FAIR VALUE OF FINANCIAL INSTRUMENTS
6 Months Ended
Jun. 30, 2026
Fair Value Disclosures [Abstract]  
FAIR VALUE OF FINANCIAL INSTRUMENTS FAIR VALUE OF FINANCIAL INSTRUMENTS
Financial assets measured at fair value on a recurring basis within the fair value hierarchy are summarized as follows (in thousands):
June 30, 2026
Level 1Level 2Total
Cash equivalents:
Money market funds$407,589 $— $407,589 
Marketable securities:
U.S. treasury securities76,718 — 76,718 
Corporate notes and obligations— 84,804 84,804 
Total$484,307 $84,804 $569,111 

December 31, 2025
Level 1Level 2Total
Cash equivalents:
Money market funds$403,979 $— $403,979 
Marketable securities:
U.S. treasury securities132,036 — 132,036 
Commercial paper— 14,310 14,310 
Corporate notes and obligations— 183,985 183,985 
Total$536,015 $198,295 $734,310