Fair Value Measurement (Tables)

3 Months Ended

Mar. 31, 2025

Fair Value Disclosures [Abstract]

Schedule of Fair Value of Assets and Liabilities Measured on Recurring Basis

The following table sets forth the recurring fair value of the Company’s financial assets and liabilities, allocated into the Level 1, Level 2 and Level 3 hierarchy that were measured at fair value on a recurring basis (in thousands):

	Fair Value Measurements as of March 31, 2025
	Level 1		Level 2		Level 3		Total
Assets:
Money market funds (1)	$	227,319	$	—	$	—	$	227,319
U.S. government treasury bills	1,517		—		—		1,517
Corporate bonds	—		1,976		—		1,976
Total financial assets	$	228,836	$	1,976	$	—	$	230,812

	Fair Value Measurements as of December 31, 2024
	Level 1		Level 2		Level 3		Total
Assets:
Money market funds (1)	$	27,485	$	—	$	—	$	27,485
U.S. government treasury bills	12,562		—		—		12,562
Commercial paper	—		1,744		—		1,744
Corporate bonds	—		4,261		—		4,261
Total financial assets	$	40,047	$	6,005	$	—	$	46,052

(1)Included in cash and cash equivalents in the accompanying condensed consolidated balance sheets.