Fair Value of Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2025

Fair Value Disclosures [Abstract]

Schedule of Fair Value of Cash Equivalents and Marketable Securities

The following tables present the fair value of cash equivalents and marketable securities in accordance with the fair value hierarchy discussed in Note 2 (in thousands):

	Level 1		Level 2		Level 3		Total
March 31, 2025
Cash equivalents:
Money market mutual funds	$	—	$	103,496	$	—	$	103,496
Total cash equivalents		—		103,496		—		103,496
Marketable securities:
U.S. government and agency securities		—		34,722		—		34,722
Certificates of deposit		—		733		—		733
Corporate bonds		—		107,168		—		107,168
Total marketable securities		—		142,623		—		142,623
Total cash equivalents and marketable securities	$	—	$	246,119	$	—	$	246,119

	Level 1		Level 2		Level 3		Total
December 31, 2024
Cash equivalents:
Money market mutual funds	$	—	$	43,895	$	—	$	43,895
U.S. government and agency securities		—		2,498		—		2,498
Total cash equivalents		—		46,393		—		46,393
Marketable securities:
U.S. government and agency securities		—		44,215		—		44,215
Certificates of deposit		—		1,462		—		1,462
Corporate bonds		—		141,663		—		141,663
Total marketable securities		—		187,340		—		187,340
Total cash equivalents and marketable securities	$	—	$	233,733	$	—	$	233,733