Investments (Tables)

12 Months Ended

Dec. 31, 2024

Investments, Debt and Equity Securities [Abstract]

Schedule of Investments in Debt Securities

The Company’s investments in debt securities consisted of the following as of December 31, 2024 and 2023 (in thousands):

	December 31, 2024
	Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
U.S. treasury securities	$	10,933	$	22	$	—	$	10,955
Commercial paper	19,067		7		—		19,074
Corporate bonds	81,207		166		(16)		81,357
Certificate of deposits	1,561		—		—		1,561
Total debt securities	$	112,768	$	195	$	(16)	$	112,947
Included in cash and cash equivalents	$	16,280	$	5	$	—	$	16,285
Included in marketable securities	$	96,488	$	190	$	(16)	$	96,662

	December 31, 2023
	Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
U.S. treasury securities	$	86,764	$	20	$	—	$	86,784
U.S. agency and government sponsored securities	2,732		—		—		2,732
Commercial paper	10,144		—		—		10,144
Corporate bonds	44,924		9		(27)		44,906
Total debt securities	$	144,564	$	29	$	(27)	$	144,566
Included in cash and cash equivalents	$	1,595	$	—	$	(1)	$	1,594
Included in marketable securities	$	142,969	$	29	$	(26)	$	142,972

Schedule of Gross Unrealized Losses and Fair Value of Debt Securities in Unrealized Loss Position

The following table presents the gross unrealized losses and the fair value for those debt securities that were in an unrealized loss position for less than 12 months as of December 31, 2024 and 2023 (in thousands):

	December 31, 2024				December 31, 2023
	Gross Unrealized Losses		Fair Value		Gross Unrealized Losses		Fair Value
U.S. agency and government sponsored securities	$	—	$	—	$	—	$	741
Corporate bonds	(16)		31,546		(27)		30,621
Total	$	(16)	$	31,546	$	(27)	$	31,362

Schedule of Equity Investments

The Company’s equity investments consisted of the following as of December 31, 2024 and 2023 (in thousands):

		December 31,
	Consolidated Balance Sheets Location	2024		2023
Money market funds(1)	Cash and cash equivalents	$	17,730	$	101,842
Marketable equity investments(1)	Marketable securities	3,165		7,755
Investment in non-marketable securities(2)	Other non-current assets	10,000		10,000
Non-marketable equity investment measured using the measurement alternative(2)	Other non-current assets	—		4,000
Total		$	30,895	$	123,597

(1)    Investments with readily determinable fair values.

(2)    Investment in privately held company without readily determinable fair value.