Cash, Cash Equivalents, Restricted Cash, and Marketable Securities (Tables)

12 Months Ended

Dec. 31, 2024

Cash and Cash Equivalents [Abstract]

Summary of Cash, Cash Equivalents and Investments

A summary of cash, cash equivalents and available-for-sale marketable securities held by the Company as of December 31, 2024 and 2023 is as follows (in thousands):

	December 31, 2024
	Cost		Unrealized gains		Unrealized losses		Fair value
Cash and cash equivalents:
Cash (Level 1)	$	24,495	$	—	$	—	$	24,495
Money market funds (Level 1)	65,302		—		—		65,302
US government and government sponsored entities (Level 1)	12,711		—		—		12,711
Corporate debt securities due within 3 months of date of purchase (Level 2)	2,511		—		—		2,511
Total cash and cash equivalents	105,019		—		—		105,019
Marketable securities:
Corporate debt securities due within 1 year of date of purchase (Level 2)	367,950		190		(64)		368,076
US government and government sponsored entities due within 1 year of date of purchase (Level 2)	382,793		279		(62)		383,010
US government and government sponsored entities due within 1 to 2 years of date of purchase (Level 2)	71,739		156		(25)		71,870
Corporate debt securities due within 1 to 2 years of date of purchase (Level 2)	3,282		—		(6)		3,276
Total cash, cash equivalents, restricted cash, and marketable securities	$	930,783	$	625	$	(157)	$	931,251

	December 31, 2023
	Cost		Unrealized gains		Unrealized losses		Fair value
Cash and cash equivalents:
Cash (Level 1)	$	2,729	$	—	$	—	$	2,729
Money market funds (Level 1)	78,555		—		—		78,555
US government and government sponsored entities (Level 1)	14,967		—		—		14,967
Corporate debt securities due within 3 months of date of purchase (Level 2)	3,664		—		—		3,664
Total cash and cash equivalents	99,915		—		—		99,915
Marketable securities:
Corporate debt securities due within 1 year of date of purchase (Level 2)	382,028		195		(7)		382,216
US government and government sponsored entities due within 1 year of date of purchase (Level 2)	150,743		280		(1)		151,022
Corporate debt securities due within 1 to 2 years of date of purchase (Level 2)	977		1		—		978
Total cash, cash equivalents and marketable securities	$	633,663	$	476	$	(8)	$	634,131