v3.26.1
Fair Value (Tables)
 3 Months Ended
Mar. 31, 2026
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis
The following table presents fair values of our financial and debt instruments categorized by their fair value hierarchy as of March 31, 2026:
Level 1Level 2Level 3Total
Cash and cash equivalents$316,010 $— $— $316,010 
Available-for-sale investments— 81,799 — 81,799 
Equity investment
— — 10,000 10,000 
The following table presents fair values of our financial and debt instruments categorized by their fair value hierarchy as of December 31, 2025:
Level 1Level 2Level 3Total
Cash and cash equivalents$1,015,400 $— $— $1,015,400 
Available-for-sale investments— 142,498 — 142,498 
Equity investment
— — 10,000 10,000 
Convertible Senior Notes due 2026— 607,500 — 607,500 
Schedule of Fair Value, by Balance Sheet Grouping
The following table presents the fair value and carrying value, net, of our Convertible Senior Notes:
 Fair Value atCarrying Value at
March 31, 2026December 31, 2025March 31, 2026December 31, 2025
Convertible Senior Notes due 2026$— $607,500 $— $599,663