Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2025

Fair Value Disclosures [Abstract]

Schedule of Cash and Cash Equivalents, Money Market Funds and Short-term Investments by Significant Investment Category

The following tables show the Company’s short-term investments and cash equivalents by significant investment category as of September 30, 2025 and December 31, 2024 (in thousands):

		As of September 30, 2025								As of December 31, 2024
		Adjusted Cost		Unrealized Gains		Unrealized Losses		Market Value		Adjusted Cost		Unrealized Gains		Unrealized Losses		Market Value
Money Market Funds	Level 1	$	54,319	$	—	$	—	$	54,319	$	54,825	$	—	$	—	$	54,825
U.S. Treasury securities	Level 2	2,500		—		—		2,500		9,968		7		—		9,975
U.S. Government agency securities	Level 2	15,569		6		—		15,575		77,769		235		—		78,004
Corporate debt securities	Level 2	154,491		34		(6)		154,519		196,479		160		(82)		196,557
Total financial assets		$	226,879	$	40	$	(6)	$	226,913	$	339,041	$	402	$	(82)	$	339,361

	As of September 30, 2025								As of December 31, 2024
	Adjusted Cost		Unrealized Gains		Unrealized Losses		Market Value		Adjusted Cost		Unrealized Gains		Unrealized Losses		Market Value
Classified as:
Cash equivalents	$	78,850	$	—	$	(2)	$	78,848	$	54,825	$	—	$	—	$	54,825
Short-term investments	148,029		40		(4)		148,065		284,216		402		(82)		284,536
Total	$	226,879	$	40	$	(6)	$	226,913	$	339,041	$	402	$	(82)	$	339,361