Investments (Tables)

3 Months Ended

Mar. 31, 2025

Investments, All Other Investments [Abstract]

Summary of Fair value of Company's Financial Assets

Fair Value of Financial Assets

The fair value of the Company's financial assets as of March 31, 2025, have been categorized based upon the fair value hierarchy as follows:

	Total		Level 1		Level 2		Level 3
Financial assets:
Cash and cash equivalents
Money market funds	$	113,918	$	—	$	113,918	$	—
Certificates of Deposit		3,571		—		3,571		—
Total fair value assets included in cash and cash equivalents		117,489		—		117,489		—
Investments
Sovereign debt securities		148,801		—		148,801		—
Certificates of Deposit		3,000		—		3,000		—
Total fair value assets included in investments		151,801		—		151,801		—
Total fair value assets	$	269,290	$	—	$	269,290	$	—

The fair value of the Company's financial assets as of December 31, 2024, have been categorized based upon the fair value hierarchy as follows:

	Total		Level 1		Level 2		Level 3
Financial assets:
Cash and cash equivalents
Sovereign debt securities	$	240,558	$	—	$	240,558	$	—
Money market funds		100,227		—		100,227		—
Certificates of Deposit		10,137		—		10,137		—
Total fair value assets included in cash and cash equivalents		350,922		—		350,922		—
Investments
Sovereign debt securities		146,924		—		146,924		—
Certificates of Deposit		1,000		—		1,000		—
Total fair value assets included in investments		147,924		—		147,924		—
Total fair value assets	$	498,846	$	—	$	498,846	$	—