Cash, Cash Equivalents and Investments (Tables)

6 Months Ended

Jun. 30, 2026

Cash and Cash Equivalents [Abstract]

Schedule of Cash, Cash Equivalents, Marketable Securities, and Available-for-Sale Investments

The following tables summarize our cash, cash equivalents, marketable securities and available-for-sale debt investments at June 30, 2026 and December 31, 2025 (in thousands):


			As of June 30, 2026
			Amortized Cost						Gross Unrealized Gains						Gross Unrealized Losses						Fair Value									Cash and Cash Equivalents						Marketable Securities						Short-Term Investments
Cash			$	262,275					$	—					$	—					$	262,275								$	262,275					$	—					$	—

Level 1:
Money market funds			293,215						—						—						293,215									293,215						—						—

Marketable securities			13,100						6,026						—						19,126									—						19,126						—


Subtotal			306,315						6,026						—						312,341									293,215						19,126						—
Level 2:
Term deposits			117,917						—						—						117,917									42,214						—						75,703



Subtotal			117,917						—						—						117,917									42,214						—						75,703
Total			$	686,507					$	6,026					$	—					$	692,533								$	597,704					$	19,126					$	75,703


			As of December 31, 2025
			Amortized Cost						Gross Unrealized Gains						Gross Unrealized Losses						Fair Value									Cash and Cash Equivalents						Marketable Securities						Short-Term Investments
Cash			$	168,294					$	—					$	—					$	168,294								$	168,294					$	—					$	—

Level 1:
Money market funds			821,711						—						—						821,711									821,711						—						—
Marketable securities			15,093						12,120						—						27,213									—						27,213						—
U.S. Treasury bills			231,766						69						—						231,835									200,200						—						31,635
Agency bonds			6,456						3						—						6,459									—						—						6,459
Subtotal			1,075,026						12,192						—						1,087,218									1,021,911						27,213						38,094
Level 2:
Term deposits			385,942						—						—						385,942									10,942						—						375,000
Corporate bonds			72,322						42						(3)						72,361									—						—						72,361
Commercial paper			18,462						—						—						18,462									—						—						18,462
Certificates of deposit			1,500						—						—						1,500									—						—						1,500
Subtotal			478,226						42						(3)						478,265									10,942						—						467,323
Total			$	1,721,546					$	12,234					$	(3)					$	1,733,777								$	1,201,147					$	27,213					$	505,417