Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2025

Fair Value Disclosures [Abstract]

Schedule of Fair Value, Assets Measured on Recurring Basis

The following table presents information about the Company’s financial assets measured at fair value on a recurring basis based on the fair value hierarchy as follows (in thousands):

	As of March 31, 2025
	Level 1		Level 2		Total Fair Value
Cash equivalents
Money market funds	$	52,921	$	-	$	52,921
Commercial paper	-		4,967		4,967
Total cash equivalents	$	52,921	$	4,967	$	57,888
Marketable securities
U.S. treasury and agency securities	$	-	$	213,086	$	213,086
Commercial paper	-		58,865		58,865
Corporate debt securities	-		555,434		555,434
Asset-backed securities	-		10,910		10,910
Total marketable securities	$	-	$	838,295	$	838,295

	As of December 31, 2024
	Level 1		Level 2		Total Fair Value
Cash equivalents
Money market funds	$	59,595	$	-	$	59,595
Total cash equivalents	$	59,595	$	-	$	59,595
Marketable securities
U.S. treasury and agency securities	$	-	$	202,469	$	202,469
Commercial paper	-		103,233		103,233
Corporate debt securities	-		512,925		512,925
Asset-backed securities	-		16,123		16,123
Total marketable securities	$	-	$	834,750	$	834,750