v3.26.1
Fair Value Measurements (Tables)
 6 Months Ended
Jun. 30, 2026
Fair Value Disclosures [Abstract]  
Schedule of Assets and Liabilities at Fair Value
The following tables present the fair value hierarchy for assets and liabilities measured at fair value:
June 30, 2026
Level 1Level 2Level 3Total Fair Value
Cash equivalents
U.S. treasury bills$245,988 $— $— $245,988 
Money market funds104,605 — — 104,605 
Commercial paper— 74,938 — 74,938 
Certificates of deposit
— 11,500 — 11,500 
Corporate debt securities— 11,566 — 11,566 
Short-term investments
U.S. treasury securities8,002 — — 8,002 
Asset-backed securities— 1,476 — 1,476 
Restricted cash
Money market funds
46,623 — — 46,623 
Total assets measured at fair value$405,218 $99,480 $— $504,698 
December 31, 2025
Level 1Level 2Level 3Total Fair Value
Cash equivalents
U.S. treasury bills$292,381 $— $— $292,381 
Money market funds96,042 — — 96,042 
Commercial paper
— 41,450 — 41,450 
Certificates of deposit— 35,213 — 35,213 
Corporate debt securities
— 16,059 — 16,059 
Short-term investments
U.S. treasury securities56,087 — — 56,087 
Asset-backed securities— 6,396 — 6,396 
Restricted cash
Money market funds45,786 — — 45,786 
Total assets measured at fair value
$490,296 $99,118 $— $589,414