Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2025

Fair Value Measurements

Schedule of fair value of financial assets

The following tables present the fair value of the Company’s financial assets determined using the inputs defined above (in thousands):

	March 31, 2025
	Level 1		Level 2		Level 3		Total
Assets:
Money market funds	$	26,896	$	—	$	—	$	26,896
Certificates of deposit		—		23,079		—		23,079
U.S. Treasury and agency securities		—		328,807		—		328,807
Commercial paper		—		129,513		—		129,513
Corporate debt securities		—		172,442		—		172,442
Total financial assets	$	26,896	$	653,841	$	—	$	680,737

	December 31, 2024
	Level 1		Level 2		Level 3		Total
Assets:
Money market funds	$	19,563	$	—	$	—	$	19,563
Certificates of deposit		—		15,835		—		15,835
U.S. Treasury and agency securities		—		299,217		—		299,217
Commercial paper		—		110,832		—		110,832
Corporate debt securities		—		102,705		—		102,705
Total financial assets	$	19,563	$	528,589	$	—	$	548,152