The following tables summarize the Company’s investments (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | June 30, 2026 | | Fair Value Hierarchy(1) | | Amortized Cost | | Gross Unrealized Gains | | Gross Unrealized Losses | | Accrued Interest | | Fair Value | | U.S. Treasury securities | Level 2 |
| $ | 1,173,730 | | | $ | 5,624 | | | $ | — | | | $ | — | | | $ | 1,179,354 | | | Time deposits | Level 2 |
| 36 | | | — | | | — | | | — | | | 36 | | | Total |
|
| $ | 1,173,766 | | | $ | 5,624 | | | $ | — | | | $ | — | | | $ | 1,179,390 | |
______________(1)Refer to Note 7 - Fair Value Measurements for a description of fair value hierarchy inputs. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2025 | | Fair Value Hierarchy(1) | | Amortized Cost | | Gross Unrealized Gains | | Gross Unrealized Losses | | Accrued Interest | | Fair Value | | U.S. Treasury securities | Level 2 |
| $ | 404,321 | | | $ | 2,174 | | | $ | — | | | $ | — | | | $ | 406,495 | | | Time deposits | Level 2 |
| 36 | | | — | | | — | | | — | | | 36 | | | Total |
|
| $ | 404,357 | | | $ | 2,174 | | | $ | — | | | $ | — | | | $ | 406,531 | |
_______________(1)Refer to Note 7 - Fair Value Measurements for a description of fair value hierarchy inputs.
|