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Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2025

Schedule of Financial Assets and Liabilities Measured on Recurring Basis


	March 31, 2025
	Level 1		Level 2		Level 3		Total
Assets:
Treasury securities (1) (3)	$	122,306	$	—	$	—	$	122,306
Money market funds (2) (3)		20,695		—		—		20,695
Total fair value of assets	$	143,001	$	—	$	—	$	143,001


	December 31, 2024
	Level 1		Level 2		Level 3		Total
Assets:
Treasury securities (1) (3)	$	119,808	$	—	$	—	$	119,808
Money market funds (2) (3)		27,084		—		—		27,084
Total fair value of assets	$	146,892	$	—	$	—	$	146,892

(1)

Included in short-term investments in treasury securities in the consolidated balance sheets. These securities have maturity dates of greater than three months, but less than twelve months from the date of purchase.

(2)

Included in cash and cash equivalents in the consolidated balance sheets.

(3)

Treasury securities and money market funds are included within Level 1 of the fair value hierarchy because they are actively traded and valued using quoted market prices.