Fair Value Measurements and Marketable Equity Securities (Tables)

6 Months Ended

Jun. 30, 2025

Fair Value Disclosures [Abstract]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

The following tables summarize assets and liabilities that are measured at fair value on a recurring basis as of June 30, 2025 and December 31, 2024 (in thousands):

			Fair Value Measurement at Reporting Date Using
	June 30, 2025		Quoted Price in Active Market for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets
Marketable equity securities	$	104,996	$	104,996	$	—	$	—
Liabilities
Holdback liability		1,104		1,104		—		—

			Fair Value Measurement at Reporting Date Using
	December 31, 2024		Quoted Price in Active Market for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets
Marketable equity securities	$	107,309	$	107,309	$	—	$	—

Schedule of Portion of Unrealized Gains and Losses Relate to Marketable Equity Securities

The following summarizes the portion of unrealized gains and losses recorded during the three and six months ended June 30, 2025 and 2024 that relate to marketable equity securities held as of June 30, 2025 and 2024 (in thousands).

	Three Months Ended June 30,					Six Months Ended June 30,
	2025			2024		2025			2024
Net (gain) loss during the period on marketable equity securities	$	(37,812	)	$	3,705	$	(6,007	)	$	(2,541	)
Less: Net gain recognized during the period on marketable equity securities sold during the period		—			—		(3,264	)		(6,081	)
Unrealized (gain) loss recognized during the period on marketable equity securities still held at the reporting date	$	(37,812	)	$	3,705	$	(2,743	)	$	3,540