Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2024

Fair Value Disclosures [Abstract]

Summary of Company's Cash Equivalents and Marketable Securities

The following tables summarize the Company’s cash equivalents and marketable securities as of December 31, 2024 and 2023:

	December 31, 2024
	Total		Quoted Prices in Active Markets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
	(in thousands)
Cash equivalents:
Money market funds	$	73,845	$	73,845	$	—	$	—
U.S. government securities		5,397		—		5,397		—
U.S. commercial paper		997		—		997		—
Total cash equivalents		80,239		73,845		6,394		—
Marketable securities:
U.S. government securities		36,457		—		36,457		—
U.S. corporate bonds		269,013		—		269,013		—
International corporate bonds		52,461		—		52,461		—
U.S. commercial paper		30,373		—		30,373		—
International commercial paper		24,144		—		24,144		—
U.S. certificates of deposit		900		—		900		—
U.S. municipal securities		10,049		—		10,049		—
Total marketable securities		423,397		—		423,397		—
	$	503,636	$	73,845	$	429,791	$	—

	December 31, 2023
	Total		Quoted Prices in Active Markets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
	(in thousands)
Cash equivalents:
Money market funds	$	59,852	$	59,852	$	—	$	—
U.S. government securities		8,695		—		8,695		—
Total cash equivalents		68,547		59,852		8,695		—
Marketable securities:
U.S. government securities		166,925		—		166,925		—
U.S. corporate bonds		210,198		—		210,198		—
International corporate bonds		97,675		—		97,675		—
U.S. commercial paper		23,370		—		23,370		—
International commercial paper		46,900		—		46,900		—
U.S. certificates of deposit		8,830		—		8,830		—
U.S. municipal securities		128,294		—		128,294		—
Total marketable securities		682,192		—		682,192		—
	$	750,739	$	59,852	$	690,887	$	—