Marketable Investments (Tables)

6 Months Ended

Jun. 30, 2025

Investments, Debt and Equity Securities [Abstract]

Summary of Company's marketable investments

The following table summarizes the Company’s marketable investments (in thousands):

	As of June 30, 2025
			Gross		Gross
	Amortized		Unrealized		Unrealized			Market
	Cost		Gains		Losses			Value
Corporate obligations	$	19,506	$	60	$	(6	)	$	19,560
Federal agency obligations		2,931		—		(4	)		2,927
Money market funds		44,700		—		—			44,700
Total	$	67,137	$	60	$	(10	)	$	67,187

	As of December 31, 2024
			Gross		Gross
	Amortized		Unrealized		Unrealized			Market
	Cost		Gains		Losses			Value
Corporate obligations	$	12,140	$	46	$	(6	)	$	12,180
Money market funds		36,402		—		—			36,402
Total	$	48,542	$	46	$	(6	)	$	48,582

Summarizes the maturity periods of the marketable investments

The following table summarizes the maturity periods of the marketable investments in the Company’s portfolio as of June 30, 2025 (in thousands).

	FY 2025		FY 2026		FY 2027		FY 2028		Total
Corporate obligations	$	4,102	$	7,533	$	4,783	$	3,142	$	19,560
Federal agency obligations		981		—		997		949		2,927
Money market funds		44,700		—		—		—		44,700
Total	$	49,783	$	7,533	$	5,780	$	4,091	$	67,187

Unrealized Losses on Debt Investments

The following table shows the gross unrealized losses and market value of the Company’s available-for-sale securities with unrealized losses that are not deemed to be other-than-temporary, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position (in thousands):

	As of June 30, 2025
	Less Than 12 Months				12 Months or Greater
	Market		Unrealized		Market		Unrealized
	Value		Losses		Value		Losses
Corporate obligations	$	7,057	$	6	$	—	$	—
Federal agency obligations		2,928		4		—		—
Total	$	9,985	$	10	$	—	$	—

	As of December 31, 2024
	Less Than 12 Months				12 Months or Greater
	Market		Unrealized		Market		Unrealized
	Value		Losses		Value		Losses
Corporate obligations	$	803	$	4	$	997	$	2
Total	$	803	$	4	$	997	$	2