Employee benefit plan

12 Months Ended

Dec. 31, 2024

Employee benefit plan

Employee benefit plan

6. Employee benefit plan

The Company maintains a defined-contribution plan under Section 401(k) of the Internal Revenue Code, or the 401(k) Plan. The 401(k) Plan covers all employees who meet defined minimum age and service requirements and allows participants to defer a portion of their annual compensation on a pre-tax basis. The Company assumes all administrative costs of the 401(k) Plan and makes matching contributions as defined in the 401(k) Plan document. The Company made matching contributions of $0.6 million and $0.2 million to the 401(k) Plan for the years ended December 31, 2024 and 2023, respectively.