Fair Value (Tables)

12 Months Ended

Dec. 31, 2024

Fair Value

Summary of financial instruments measured at fair value on a non-recurring basis

The following table summarizes the Company’s financial instruments that were measured at fair value on a non-recurring basis at December 31, 2024:

				Gross		Gross
		Amortized		unrecognized		unrecognized		Aggregate
Description	Classification	cost		holding gains		holding losses		fair value
Money market funds and cash equivalents	Cash equivalents	$	19,759	$	—	$	—	$	19,759
Commercial paper	Cash equivalents		5,959		1		—		5,960
Commercial paper	Short-term investments		47,907		28		(8)		47,927
U.S. Treasury securities and government agency bonds	Short-term investments		64,193		135		(4)		64,324
Corporate debt	Short-term investments		14,498		29		(6)		14,521
U.S. Treasury securities and government agency bonds	Long-term investments		35,781		106		(68)		35,819
Total cash equivalents, short-term investments and long-term investments		$	188,097	$	299	$	(86)	$	188,310

The following table summarizes the Company’s financial instruments that were measured at fair value on a non-recurring basis at December 31, 2023:

				Gross		Gross
		Amortized		unrecognized		unrecognized		Aggregate
Description	Classification	cost		holding gains		holding losses		fair value
Money market funds and cash equivalents	Cash equivalents	$	22,693	$	—	$	—	$	22,693
U.S. Treasury securities and government agency bonds	Cash equivalents		20,986		3		—		20,989
Commercial paper	Short-term investments		107,131		100		(1)		107,230
U.S. Treasury securities and government agency bonds	Short‑term investments		14,651		28		(6)		14,673
U.S. Treasury securities and government agency bonds	Long-term investments		42,938		282		(2)		43,218
Total cash equivalents, short-term investments and long-term investments		$	208,399	$	413	$	(9)	$	208,803