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Fair Value of Financial Instruments (Tables)
12 Months Ended
Dec. 31, 2024
Fair Value Disclosures [Abstract]  
Schedule of Financial Assets Measured at Fair Value on a Recurring Basis

The level of the fair value hierarchy utilized to determine the fair value of cash and cash equivalents and marketable securities consisted of the following:

 

 

 

December 31, 2024

 

 

December 31, 2023

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Cash and cash equivalents

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash and money market fund

 

$

142,712

 

 

$

—

 

 

$

—

 

 

$

142,712

 

 

$

148,643

 

 

$

—

 

 

$

—

 

 

$

148,643

 

Marketable securities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Guaranteed investment certificates

 

 

16,147

 

 

 

—

 

 

 

—

 

 

 

16,147

 

 

 

7,684

 

 

 

—

 

 

 

—

 

 

 

7,684

 

U.S. treasuries

 

 

130,948

 

 

 

—

 

 

 

—

 

 

 

130,948

 

 

 

252,982

 

 

 

—

 

 

 

—

 

 

 

252,982

 

U.S. government securities

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

97,912

 

 

 

—

 

 

 

97,912

 

Commercial paper

 

 

—

 

 

 

66,905

 

 

 

—

 

 

 

66,905

 

 

 

—

 

 

 

119,108

 

 

 

—

 

 

 

119,108

 

Corporate debt securities

 

 

—

 

 

 

397,689

 

 

 

—

 

 

 

397,689

 

 

 

—

 

 

 

304,545

 

 

 

—

 

 

 

304,545

 

Total

 

$

289,807

 

 

$

464,594

 

 

$

—

 

 

$

754,401

 

 

$

409,309

 

 

$

521,565

 

 

$

—

 

 

$

930,874