v3.26.1
FAIR VALUE DISCLOSURE (Tables)
 6 Months Ended
Jun. 30, 2026
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets Measured on Recurring Basis
The Company’s financial assets and liabilities measured at fair value on a recurring basis are as follows (in thousands):
As of June 30, 2026
Fair ValueLevel 1Level 2Level 3
Assets:
Cash and cash equivalents:
Cash$1,131,815 $1,131,815 $— $— 
Money market funds870,000 870,000 — — 
Short-term investments:
Time deposits555,387 — 555,387 — 
Total assets measured and recorded at fair value$2,557,202 $2,001,815 $555,387 $— 
Liabilities:
Accrued liabilities:
Contingent consideration$36,165 $— $— $36,165 
Other long-term liabilities:
Contingent consideration18,070 — — 18,070 
Total liabilities measured and recorded at fair value$54,235 $— $— $54,235 
As of December 31, 2025
Fair ValueLevel 1Level 2Level 3
Assets:
Cash and cash equivalents:
Cash$1,007,068 $1,007,068 $— $— 
Money market funds580,000 580,000 — — 
Short-term investments:
Time deposits730,213 — 730,213 — 
Total assets measured and recorded at fair value$2,317,281 $1,587,068 $730,213 $— 
Liabilities:
Accrued liabilities:
Contingent consideration$28,110 $— $— $28,110 
Other long-term liabilities:
Contingent consideration40,006 — — 40,006 
Total liabilities measured and recorded at fair value$68,116 $— $— $68,116 
Schedule of Changes in the Fair Value of Contingent Consideration
The following table reflects the changes in the fair value of the contingent consideration measured using Level 3 inputs (in thousands):
Three Months EndedSix Months Ended
June 30, 2026June 30, 2025June 30, 2026June 30, 2025
Beginning balance$69,805 $— $68,116 $— 
Acquisition Date fair value— 65,815 — 65,815 
Change in estimated fair value
830 491 2,519 491 
Payment(16,400)— (16,400)— 
Ending balance$54,235 $66,306 $54,235 $66,306