Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2025

Fair Value Disclosures [Abstract]

Summary of Assets and Liabilities Measured at Fair Value on Recurring Basis

The following table presents the balances of assets and liabilities measured at fair value on a recurring basis, by level within the fair value hierarchy, as of the dates presented (in thousands):

	June 30, 2025						December 31, 2024
	Level 1		Level 2		Total		Level 1		Level 2		Total
Cash equivalents:
Money market funds	$	1,497	$	—	$	1,497	$	1,097	$	—	$	1,097
Commercial paper		—		9,684		9,684		—		—		—
Total cash equivalents		1,497		9,684		11,181		1,097		—		1,097
Short-term investments:
U.S. Government agency securities		—		1,982		1,982		—		3,929		3,929
U.S. Treasury securities		—		37,078		37,078		—		63,634		63,634
Corporate notes and bonds		—		47,828		47,828		—		32,305		32,305
Commercial paper		—		63,900		63,900		—		18,793		18,793
Total short-term investments		—		150,788		150,788		—		118,661		118,661
Long-term investments:
U.S. Government agency securities		—		4,993		4,993		—		5,989		5,989
U.S. Treasury securities		—		—		—		—		2,492		2,492
Corporate notes and bonds		—		62,339		62,339		—		66,390		66,390
Total long-term investments		—		67,332		67,332		—		74,871		74,871
Total	$	1,497	$	227,804	$	229,301	$	1,097	$	193,532	$	194,629

Schedule of Cost Or Amortized Cost, Gross Unrealized Gains, Gross Unrealized Losses, And Total Estimated Fair Value Of Financial Assets

The following tables present the cost or amortized cost, gross unrealized gains, gross unrealized losses and total estimated fair value of our financial assets as of the dates presented (in thousands):

	June 30, 2025
	Cost or		Gross		Gross			Total Estimated
	Amortized Cost		Unrealized Gains		Unrealized Losses			Fair Value
Description:
Money market funds	$	1,497	$	—	$	—		$	1,497
U.S. Government agency securities		6,985		—		(10	)		6,975
U.S. Treasury securities		37,097		2		(21	)		37,078
Corporate notes and bonds		110,076		213		(122	)		110,167
Commercial paper		73,628		3		(47	)		73,584
Total	$	229,283	$	218	$	(200	)	$	229,301

	December 31, 2024
	Cost or		Gross		Gross			Total Estimated
	Amortized Cost		Unrealized Gains		Unrealized Losses			Fair Value
Description:
Money market funds	$	1,097	$	—	$	—		$	1,097
U.S. Government agency securities		9,933		1		(16	)		9,918
U.S. Treasury securities		66,146		17		(37	)		66,126
Corporate notes and bonds		99,215		—		(520	)		98,695
Commercial paper		18,805		—		(12	)		18,793
Total	$	195,196	$	18	$	(585	)	$	194,629