Fair Value Measurements and Fair Value of Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2025

Fair Value Disclosures [Abstract]

Schedule of Fair Value, Assets Measured on Recurring Basis

The following tables set forth the fair value of the Company’s financial assets that were measured at fair value on a recurring basis by level within the fair value hierarchy (in thousands):

	December 31, 2025
	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents:
Money market funds	$	41,832	$	—	$	—	$	41,832
Commercial paper		—		2,978		—		2,978
Total cash equivalents		41,832		2,978		—		44,810
Investments:
U.S. Treasury securities		—		90,762		—		90,762
U.S. Non-Treasury securities		—		2,374		—		2,374
Commercial paper		—		13,563		—		13,563
Corporate debt securities		—		86,599		—		86,599
Total investments		—		193,298		—		193,298
Total assets measured at fair value	$	41,832	$	196,276	$	—	$	238,108

	December 31, 2024
	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents:
Money market funds	$	36,097	$	—	$	—	$	36,097
Commercial paper		—		4,191		—		4,191
Total cash equivalents		36,097		4,191		—		40,288
Investments:
U.S. Treasury securities		—		150,116		—		150,116
Commercial paper		—		12,239		—		12,239
Corporate debt securities		—		96,405		—		96,405
Total investments		—		258,760		—		258,760
Total assets measured at fair value	$	36,097	$	262,951	$	—	$	299,048

Schedule of Debt Securities, Available-for-sale, Unrealized Gain

The following is a summary of the Company’s cash equivalents and investments and the gross unrealized holding gains and losses (in thousands):

	December 31, 2025
	Amortized Cost Basis		Unrealized Gains		Unrealized Losses		Fair Value
Assets:
Cash equivalents:
Money market funds	$	41,832	$	—	$	—	$	41,832
Commercial paper		2,978		—		—		2,978
Total cash equivalents		44,810		—		—		44,810
Investments:
U.S. Treasury securities		90,508		254		—		90,762
U.S. Non-Treasury securities		2,373		1		—		2,374
Commercial paper		13,555		8		—		13,563
Corporate debt securities		86,403		196		—		86,599
Total investments		192,839		459		—		193,298
Total assets measured at fair value	$	237,649	$	459	$	—	$	238,108

	December 31, 2024
	Amortized Cost Basis		Unrealized Gains		Unrealized Losses			Fair Value
Assets:
Cash equivalents:
Money market funds	$	36,097	$	—	$	—		$	36,097
Commercial paper		4,191		—		—			4,191
Total cash equivalents		40,288		—		—			40,288
Investments:
U.S. Treasury securities		150,095		121		(100	)		150,116
Commercial paper		12,227		12		—			12,239
Corporate debt securities		96,302		209		(106	)		96,405
Total investments		258,624		342		(206	)		258,760
Total assets measured at fair value	$	298,912	$	342	$	(206	)	$	299,048