FAIR VALUE MEASUREMENTS (Tables)

3 Months Ended

Mar. 31, 2025

Fair Value Measurements

Schedule of cash equivalents and short-term investments

Cash equivalents and short-term investments as of March 31, 2025 and December 31, 2024 consist of the following (in thousands):

	March 31, 2025
	Amortized Cost		Unrealized Gains		Unrealized Losses		Fair Value
Cash equivalents:
Money market funds	$	164,117	$	—	$	—	$	164,117
Short-term investments:
U.S. Government treasury securities		157,790		141		(63)		157,868
Total	$	321,907	$	141	$	(63)	$	321,985
	December 31, 2024
	Amortized Cost		Unrealized Gains		Unrealized Losses		Fair Value
Cash equivalents:
Money market funds	$	161,094	$	—	$	—	$	161,094
Short-term investments:
U.S. Government treasury securities		264,074		309		(88)		264,295
Total	$	425,168	$	309	$	(88)	$	425,389