The following table presents our financial assets and liabilities measured and recorded at fair value on a recurring basis using the above input categories (in thousands):


	As of June 30, 2026
	Level 1		Level 2		Level 3		Total
Description:
Assets:
U.S. government agencies	$	276,972	$	—	$	—	$	276,972

Foreign currency forward contracts designated as cash flow hedges (prepaid expenses and other current assets)	—		401		—		401
Total assets	$	276,972	$	401	$	—	$	277,373
Liabilities:
Contingent consideration (other current liabilities)	—		—		9,030		9,030
Liability-classified performance stock units (other long-term liabilities)	—		—		1,064		1,064

Total liabilities	$	—	$	—	$	10,094	$	10,094


	As of December 31, 2025
	Level 1		Level 2		Level 3		Total
Description:
Assets:
U.S. government agencies	$	412,125	$	—	$	—	$	412,125



Foreign currency forward contracts designated as cash flow hedges (prepaid expenses and other current assets)	—		1,868		—		1,868
Total assets	$	412,125	$	1,868	$	—	$	413,993
Liabilities:
Contingent consideration (other current liabilities)	—		—		8,864		8,864

Total liabilities	$	—	$	—	$	8,864	$	8,864