The following table presents information about the Company’s financial instruments that are measured at fair value on a recurring basis using the input categories discussed in Note 1:


	As of June 30, 2026
	Level 1		Level 2		Level 3		Total
Cash equivalents
Money market funds	$	920.6	$	—	$	—	$	920.6
Total cash equivalents	$	920.6	$	—	$	—	$	920.6
Short-term investments
Corporate notes and obligations	—		34.6		—		34.6
U.S. Treasury securities	—		11.7		—		11.7
Municipal securities	—		10.8		—		10.8
Asset backed securities	—		0.5		—		0.5


Total short-term investments	—		57.6		—		57.6
Total	$	920.6	$	57.6	$	—	$	978.2


	As of December 31, 2025
	Level 1		Level 2		Level 3		Total
Cash equivalents
Money market funds	$	764.8	$	—	$	—	$	764.8
Total cash equivalents	$	764.8	$	—	$	—	$	764.8
Short-term investments
Corporate notes and obligations	—		79.1		—		79.1
U.S. Treasury securities	—		45.3		—		45.3
Municipal securities	—		10.7		—		10.7
Asset backed securities	—		6.2		—		6.2
U.S. agency obligations	—		3.8		—		3.8
Supranational securities	—		1.8		—		1.8
Total short-term investments	—		146.9		—		146.9
Total	$	764.8	$	146.9	$	—	$	911.7