Short-term investments	6 Months Ended
Jun. 30, 2026
Investments, Debt and Equity Securities [Abstract]
Short-term investments	Short-term investments The Company periodically invests a portion of its cash in short-term investment instruments. All of the Company’s short-term investments are in U.S. Treasury securities and all short-term investments have stated maturity dates between three months and one year from the purchase date. The Company's short-term investments are presented within "Short-term investments" on the accompanying Consolidated Balance Sheets. The fair value of the Company’s short-term investments is determined based on quoted market prices in active markets for identical securities (Level 1 inputs). As of June 30, 2026, all short-term investments were classified as available-for-sale and reported at fair value. The Company did not hold any short-term investments as of December 31, 2025. The amortized cost and fair value of available-for-sale investments at June 30, 2026 were $736.4 million and $736.1 million, respectively. Gross unrealized gains and gross unrealized losses included in accumulated other comprehensive income (loss) were each not material as of June 30, 2026. No allowance for credit losses was recognized as of June 30, 2026 because the Company's investments consist entirely of U.S. Treasury securities, which are backed by the full faith and credit of the U.S. government and therefore have negligible credit risk.

Short-term investments

6 Months Ended

Jun. 30, 2026

Investments, Debt and Equity Securities [Abstract]

The Company periodically invests a portion of its cash in short-term investment instruments. All of the Company’s short-term investments are in U.S. Treasury securities and all short-term investments have stated maturity dates between three months and one year from the purchase date. The Company's short-term investments are presented within "Short-term investments" on the accompanying Consolidated Balance Sheets. The fair value of the Company’s short-term investments is determined based on quoted market prices in active markets for identical securities (Level 1 inputs). As of June 30, 2026, all short-term investments were classified as available-for-sale and reported at fair value. The Company did not hold any short-term investments as of December 31, 2025.

The amortized cost and fair value of available-for-sale investments at June 30, 2026 were $736.4 million and $736.1 million, respectively. Gross unrealized gains and gross unrealized losses included in accumulated other comprehensive income (loss) were each not material as of June 30, 2026. No allowance for credit losses was recognized as of June 30, 2026 because the Company's investments consist entirely of U.S. Treasury securities, which are backed by the full faith and credit of the U.S. government and therefore have negligible credit risk.