Cash Equivalents and Marketable Securities (Tables)

6 Months Ended

Jun. 30, 2025

Investments, Debt and Equity Securities [Abstract]

Summary of Marketable Securities

Cash equivalents and marketable securities consisted of the following as of June 30, 2025 and December 31, 2024 (in thousands):

	Fair Value Measurements at June 30, 2025
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
Cash equivalents:
Money market funds	$	42,588	$	—	$	—		$	42,588
Total cash equivalents		42,588		—		—			42,588
Marketable securities:
U.S. Treasury securities		9,990		—		—			9,990
Government agency securities		13,791		4		(9	)		13,786
Corporate bonds		147,660		148		(61	)		147,747
Total marketable securities		171,441		152		(70	)		171,523
Total cash equivalents and marketable securities	$	214,029	$	152	$	(70	)	$	214,111

	Fair Value Measurements at December 31, 2024
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
Cash equivalents:
Money market funds	$	45,722	$	—	$	—		$	45,722
U.S. Treasury securities		12,488		2		—			12,490
Total cash equivalents		58,210		2		—			58,212
Marketable securities:
U.S. Treasury securities		2,496		—		—			2,496
Government agency securities		11,260		22		—			11,282
Corporate bonds		168,925		154		(48	)		169,031
Total marketable securities		182,681		176		(48	)		182,809
Total cash equivalents and marketable securities	$	240,891	$	178	$	(48	)	$	241,021