Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2024

Fair Value Disclosures [Abstract]

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

The following table sets forth the fair value of our financial assets and liabilities that are measured or disclosed on a recurring basis by level within the fair value hierarchy:

	December 31, 2024								December 31, 2023
(in thousands)	Total Fair Value		Level 1		Level 2		Level 3		Total Fair Value		Level 1		Level 2		Level 3
Assets
Money market funds	$	48,650	$	48,650	$	—	$	—	$	18,641	$	18,641	$	—	$	—
U.S. government-sponsored agency bonds	45,962		—		45,962		—		102,093		—		102,093		—
U.S. treasury securities	79,773		—		79,773		—		2,457		—		2,457		—
Commercial paper	37,065		—		37,065		—		49,654		—		49,654		—
Corporate bonds	17,413		—		17,413		—		—		—		—		—
Asset-backed securities	2,985		—		2,985		—		8,625		—		8,625		—
Yankee bonds	1,970		—		1,970		—		—		—		—		—
Total	$	233,818	$	48,650	$	185,168	$	—	$	181,470	$	18,641	$	162,829	$	—
Liabilities
Derivative liabilities for exit fee	$	—	$	—	$	—	$	—	$	675	$	—	$	—	$	675
Total	$	—	$	—	$	—	$	—	$	675	$	—	$	—	$	675