Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2025

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 March 31, 2025:	Input Level	Cost			Gain			Loss		Fair Value
		(in thousands)
Money market funds	Level 1	$	12,666		$	—		$	—	$	12,666
Total available-for-sale securities			12,666			—			—		12,666
Less: amounts classified as cash equivalents			(12,666	)		—			—	$	(12,666	)
Amounts classified as short-term investments		$	—		$	—		$	—	$	—
		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

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 March 31, 2025				As of December 31, 2024
	Amortized		Estimated		Amortized		Estimated
	Cost		Fair Value		Cost		Fair Value
	(in thousands)				(in thousands)
Maturing within one year	$	12,666	$	12,666	$	41,168	$	41,176
Maturing in one to five years		—		—		—		—
Total available-for-sale securities	$	12,666	$	12,666	$	41,168	$	41,176

Reconciliation of Cash, Cash Equivalents and Restricted Cash

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

	March 31,		December 31,
	2025		2024
	(in thousands)
Cash and cash equivalents	$	13,841	$	25,030
Restricted cash – short term		146		146
Total cash, cash equivalents and restricted cash	$	13,987	$	25,176