Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2026

Fair Value Disclosures [Abstract]

Schedule of Financial Assets Measured at Fair Value on a Recurring Basis

The following tables set forth our financial assets that are measured at fair value on a recurring basis:


									June 30, 2026
			Fair value hierarchy level						Cost or amortized cost						Gross unrealized gains						Gross unrealized losses						Fair value
									(in thousands)
Cash equivalents:
Money market funds			Level 1						$	1,306,708					$	—					$	—					$	1,306,708
U.S. treasury securities			Level 1						34,951						—						—						34,951

Time deposits			Level 2						26,438						—						—						26,438

Marketable securities:
U.S. treasury securities			Level 1						382,509						132						(1,061)						381,580
U.S. agency bonds			Level 2						428,113						—						(2,699)						425,414

Corporate bonds			Level 2						272,412						87						(447)						272,052
Time deposits			Level 2						142,813						—						—						142,813
Commercial paper			Level 2						77,701						2						(43)						77,660
Total									$	2,671,645					$	221					$	(4,250)					$	2,667,616


									December 31, 2025
			Fair value hierarchy level						Cost or amortized cost						Gross unrealized gains						Gross unrealized losses						Fair value
									(in thousands)
Cash equivalents:
Money market funds			Level 1						$	825,323					$	—					$	—					$	825,323
U.S. treasury securities			Level 1						11,934						1						—						11,935
Time deposits			Level 2						25,949						—						—						25,949
Marketable securities:
U.S. treasury securities			Level 1						450,474						1,035						(2)						451,507
U.S. agency bonds			Level 2						410,655						167						(134)						410,688

Corporate bonds			Level 2						306,321						820						(13)						307,128
Time deposits			Level 2						140,000						—						—						140,000
Commercial paper			Level 2						213,767						152						—						213,919
Total									$	2,384,423					$	2,175					$	(149)					$	2,386,449