v3.26.3
Fair Value Measurements (Tables)
 9 Months Ended
Sep. 30, 2026
Fair Value Disclosures [Abstract]  
Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis
The following tables summarize the Company’s assets and liabilities that are measured at fair value on a recurring basis:

September 30, 2026Basis of fair value measurement
(in thousands)Level 1Level 2Level 3
Assets
Cash and cash equivalents:
Cash$25,854 $25,854 $— $— 
Money market funds523,999 523,999 — — 
Restricted cash11,677 11,677 — — 
Total
$561,530 $561,530 $— $— 

December 31, 2025Basis of fair value measurement
(in thousands)Level 1Level 2Level 3
Assets
Cash and cash equivalents:
Cash$72,627 $72,627 $— $— 
Money market funds670,667 670,667 — — 
Restricted cash10,627 10,627 — — 
Total
$753,921 $753,921 $— $— 
Schedule of Financial Instruments Not Measured at Fair Value
The following table summarizes the Company’s financial instruments that are not measured at fair value:

Book valuesFair values
(in thousands)September 30, 2026December 31, 2025September 30, 2026December 31, 2025
Liabilities
Notes payable and financing lease liabilities, current$11,808 $9,091 $11,808 $9,091 
Notes payable and financing lease liabilities, non-current93 9,564 93 9,564 
Total liabilities$11,901 $18,655 $11,901 $18,655