Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2025

Fair Value Disclosures [Abstract]

Schedule of Assets Measured at Fair Value on a Recurring Basis

The following tables summarize assets that are measured at fair value on a recurring basis:

	June 30, 2025
(in thousands)	Level 1		Level 2		Level 3		Total
Cash equivalents
Money market funds	$	29,441	$	—	$	—	$	29,441
Total cash equivalents	$	29,441	$	—	$	—	$	29,441
Short-term investments
Commercial paper	$	—	$	5,391	$	—	$	5,391
Corporate bonds	—		94,204		—		94,204
Asset backed securities	—		24,342		—		24,342
Yankee bonds	—		7,688		—		7,688
U.S. Treasury and agency obligations	—		79,864		—		79,864
Total short-term investments	$	—	$	211,489	$	—	$	211,489

	December 31, 2024
(in thousands)	Level 1		Level 2		Level 3		Total
Cash equivalents
Money market funds	$	190,750	$	—	$	—	$	190,750
Total cash equivalents	$	190,750	$	—	$	—	$	190,750
Short-term investments
Commercial paper	$	—	$	41,604	$	—	$	41,604
Corporate bonds	—		95,410		—		95,410
Asset backed securities	—		30,796		—		30,796
Yankee bonds	—		14,007		—		14,007
U.S. Treasury and agency obligations	—		66,730		—		66,730
Total short-term investments	$	—	$	248,547	$	—	$	248,547

Our investments in privately held securities were as follows:

(in thousands)	June 30, 2025		December 31, 2024
Equity securities	$	6,702	$	6,701
Debt and other securities	1,206		1,871
Total other investments	$	7,908	$	8,572