Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2025

Fair Value Disclosures [Abstract]

Fair Value Hierarchy for Financial Assets and Liabilities Measured at Fair Value on Recurring Basis

The following table represents the fair value hierarchy for our financial assets (cash equivalents and marketable securities) measured at fair value on a recurring basis (in thousands):

	Level 1		Level 2		Level 3		Total
September 30, 2025
Assets
Money market funds	$	142,383	$	-	$	-	$	142,383
U.S. treasuries	-		201,935		-		201,935
U.S. government agency securities	-		69,317		-		69,317
Corporate debt securities	-		216,316		-		216,316
Total assets	$	142,383	$	487,568	$	-	$	629,951
	Level 1		Level 2		Level 3		Total
December 31, 2024
Assets
Money market funds	$	83,726	$	-	$	-	$	83,726
U.S. treasuries	-		199,879		-		199,879
U.S. government agency securities	-		158,871		-		158,871
Corporate debt securities	-		259,201		-		259,201
Total assets	$	83,726	$	617,951	$	-	$	701,677