Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2026

Fair Value Disclosures [Abstract]

Schedule of Financial Assets and Liabilities Measured at Fair Value on Recurring Basis

The following tables present information about the Company’s financial assets and liabilities measured at fair value on a recurring basis and indicates the level of the fair value hierarchy utilized to determine such fair values (in thousands):


		September 30, 2026
		Level 1				Level 2				Level 3				Total
Assets:
Cash equivalents		$	218,423			$	—			$	—			$	218,423
Restricted cash equivalents			997				—				—				997
Marketable securities:
Treasury bills			90,585				—				—				90,585
Treasury notes			431,497				—				—				431,497
Commercial paper			—				5,955				—				5,955
Total marketable securities			522,082				5,955				—				528,037
Total financial assets		$	741,502			$	5,955			$	—			$	747,457


		December 31, 2025
		Level 1				Level 2				Level 3				Total
Assets:
Cash equivalents		$	207,599			$	—			$	—			$	207,599
Restricted cash equivalents			985				—				—				985
Treasury bills			90,328				—				—				90,328
Total financial assets		$	298,912			$	—			$	—			$	298,912