Fair Value of Financial Assets and Liabilities (Tables)

6 Months Ended

Jun. 30, 2025

Fair Value of Financial Assets and Liabilities

Schedule of assets and liabilities measured at fair value on a recurring and non-recurring basis

	June 30, 2025
(In thousands)	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents	$	21,831	$	—	$	—	$	21,831
Marketable securities		—		155,488		—		155,488
Total assets	$	21,831	$	155,488	$	—	$	177,319
Liabilities:
Contingent consideration	$	—	$	—	$	10,500	$	10,500
Total liabilities	$	—	$	—	$	10,500	$	10,500

	December 31, 2024
(In thousands)	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents	$	22,245	$	—	$	—	$	22,245
Marketable securities		—		179,326		—		179,326
Total assets	$	22,245	$	179,326	$	—	$	201,571
Liabilities:
Contingent consideration	$	—	$	—	$	8,700	$	8,700
Total liabilities	$	—	$	—	$	8,700	$	8,700

Schedule of the fair value of available for sale marketable securities

	June 30, 2025
			Gross		Gross
	Book		Unrealized		Unrealized		Fair
(In thousands)	Value		Gain		Loss		Value
Marketable securities:
Corporate debt securities(1)	$	95,360	$	332	$	(33)	$	95,659
Commercial paper		4,828		—		—		4,828
U.S. government debt securities(2)		54,818		191		(8)		55,001
Total marketable securities	$	155,006	$	523	$	(41)	$	155,488

(1) Included in Corporate debt securities is $40.3 million with maturity dates between one and three years.

(2) Included in U.S. government debt securities is $40.7 million with maturity dates between one and three years.

	December 31, 2024
			Gross		Gross
	Book		Unrealized		Unrealized		Fair
(In thousands)	Value		Gain		Loss		Value
Marketable securities:
Corporate debt securities(1)	$	105,154	$	192	$	(156)	$	105,190
Commercial paper		4,720		—		(1)		4,719
Foreign government agency debt securities		4,911		16		—		4,927
U.S. government and government agency debt securities(2)		64,454		47		(11)		64,490
Total marketable securities	$	179,239	$	255	$	(168)	$	179,326

(1) Included in Corporate debt securities is $59.8 million with maturity dates between one and three years.

(2) Included in U.S. government and government agency debt securities is $30.5 million with maturity dates between one and three years.