Investments (Tables)

9 Months Ended

Sep. 30, 2025

Investments, Debt and Equity Securities [Abstract]

Schedule of Debt Securities, Held-to-Maturity

The following table summarizes the Company’s investment securities as of September 30, 2025 and December 31, 2024 (in thousands):

	September 30, 2025
	Amortized cost, as adjusted		Gross unrealized holding gains		Gross unrealized holding losses		Estimated fair value
Cash equivalents:
Money market funds	$	63,128	$	—	$	—	$	63,128
Short-term investments:
U.S. treasury notes	194,405		147		—		194,552
Total	$	257,533	$	147	$	—	$	257,680

All of the Company’s investments mature within the next 12 months.

	December 31, 2024
	Amortized cost, as adjusted		Gross unrealized holding gains		Gross unrealized holding losses		Estimated fair value
Cash equivalents:
Money market funds	$	131,420	$	—	$	—	$	131,420
Short-term investments:
U.S. treasury notes	175,819		126		(3)		175,942
Total	$	307,239	$	126	$	(3)	$	307,362