v3.26.1
Fair Value of Financial Instruments (Tables)
 6 Months Ended
Jun. 30, 2026
Fair Value Disclosures [Abstract]  
Schedule Financial Instruments Measured at Fair Value Hierarchy
The following table presents financial instruments measured at fair value on a recurring basis based on the fair value hierarchy (in thousands):
June 30,December 31,
20262025
Level 1
Money market funds (included in cash and cash equivalents)$124,597 $161,943 
Schedule of Held-to-Maturity U.S. Treasury Bills
The following tables present information about the Company’s held-to-maturity U.S. Treasury bills (in thousands):
As of June 30, 2026
Balance Sheet LocationOriginal MaturitiesAmortized
Cost		Estimated
Fair Value
Cash and cash equivalentsless than 3 months$12,440 $12,439 
Investmentsbetween 3 and 12 months523,144 522,997 
Total$535,584 $535,436 
As of December 31, 2025
Balance Sheet LocationOriginal MaturitiesAmortized
Cost		Estimated
Fair Value
Cash and cash equivalentsless than 3 months$9,948 $9,948 
Investmentsbetween 3 and 12 months483,714 483,891 
Total$493,662 $493,839