Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2024

Financial Instruments Disclosure [Abstract]

Summary of Estimated Fair Value and Related Valuation Input Hierarchy of Available-for-Sale Securities

The following tables summarize the estimated fair value and related valuation input hierarchy of our available-for-sale securities as of each period end:

		Total			Total			Total			Total
		Amortized			Unrealized			Unrealized			Estimated
As of December 31, 2024:	Input Level	Cost			Gain			Loss			Fair Value
		(in thousands)
Money market funds	Level 1	$	13,718		$	—		$	—		$	13,718
U.S. Treasury obligations	Level 2		27,450			8					$	27,458
Total available-for-sale securities			41,168			8			—			41,176
Less: amounts classified as cash equivalents			(23,708	)		(2	)				$	(23,710	)
Amounts classified as short-term investments		$	17,460		$	6		$	—		$	17,466
		Total			Total			Total			Total
		Amortized			Unrealized			Unrealized			Estimated
As of December 31, 2023:	Input Level	Cost			Gain			Loss			Fair Value
		(in thousands)
Money market funds	Level 1	$	14,376		$	—		$	—		$	14,376
U.S. Treasury obligations	Level 2		9,928			1			—			9,929
Corporate debt obligations	Level 2		26,089			—			(205	)		25,884
Total available-for-sale securities			50,393			1			(205	)		50,189
Less: amounts classified as cash equivalents			(24,304	)		(1	)		—			(24,305	)
Amounts classified as short-term investments		$	26,089		$	—		$	(205	)	$	25,884

Amortized Cost and Fair Value of Available for Sale Securities by Contractual Maturity

The amortized cost and fair value of our available-for-sale securities by contractual maturity were as follows:

	As of December 31, 2024				As of December 31, 2023
	Amortized		Estimated		Amortized		Estimated
	Cost		Fair Value		Cost		Fair Value
	(in thousands)				(in thousands)
Maturing within one year	$	41,168	$	41,176	$	50,393	$	50,189
Maturing in one to five years		—		—		—		—
Total available-for-sale securities	$	41,168	$	41,176	$	50,393	$	50,189

Reconciliation of Cash, Cash Equivalents and Restricted Cash

The following table provides a reconciliation of cash, cash equivalents and restricted cash within the consolidated balance sheets that sum to the total of the same such amounts in the consolidated statement of cash flows:

	December 31,		December 31,
	2024		2023
	(in thousands)
Cash and cash equivalents	$	25,030	$	25,841
Restricted cash – short-term		146		146
Total cash, cash equivalents and restricted cash	$	25,176	$	25,987