Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2025

Fair Value Disclosures [Abstract]

Schedule of Financial Assets and Liabilities Subject to Fair Value Measurements on a Recurring Basis and the Level of Inputs Used

The Company’s financial assets and liabilities subject to fair value measurements on a recurring basis and the level of inputs used for such measurements were as follows (in thousands):

	Fair Value Measured as of June 30, 2025:
	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents:
Money market funds	$	18,451	$	—	$	—	$	18,451
U.S. treasury securities	1,299		—		—		1,299
Corporate bonds	—		5,004		—		5,004
Total cash equivalents	$	19,750	$	5,004	$	—	$	24,754
Marketable investments:
U.S. treasury securities	$	14,064	$	—	$	—	$	14,064
Commercial paper	—		9,899		—		9,899
Corporate bonds	—		32,427		—		32,427
Marketable equity investments	3,075		—		—		3,075
Total marketable investments	$	17,139	$	42,326	$	—	$	59,465
Liabilities:
Derivative liability	$	—	$	—	$	(4,021)	$	(4,021)

	Fair Value Measured as of December 31, 2024:
	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents:
Money market funds	$	17,730	$	—	$	—	$	17,730
U.S. treasury securities	5,519		—		—		5,519
Commercial paper	—		9,967		—		9,967
Corporate bonds	—		799		—		799
Total cash equivalents	$	23,249	$	10,766	$	—	$	34,015
Marketable investments:
U.S. treasury securities	$	5,436	$	—	$	—	$	5,436
Certificate of deposits	—		1,561		—		1,561
Commercial paper	—		9,107		—		9,107
Corporate bonds	—		80,558		—		80,558
Marketable equity investments	3,165		—		—		3,165
Total marketable investments	$	8,601	$	91,226	$	—	$	99,827
Liabilities:
Derivative liability	$	—	$	—	$	(9,410)	$	(9,410)