Investments (Tables)

9 Months Ended

Sep. 30, 2025

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 September 30, 2025 and December 31, 2024 (in thousands):

	September 30, 2025
	Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
Corporate bonds	$	16,474	$	20	$	(1)	$	16,493
Total debt securities	$	16,474	$	20	$	(1)	$	16,493
Included in cash and cash equivalents	$	—	$	—	$	—	$	—
Included in marketable securities	$	16,474	$	20	$	(1)	$	16,493

	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

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 September 30, 2025 and December 31, 2024 (in thousands):

	September 30, 2025				December 31, 2024
	Gross Unrealized Losses		Fair Value		Gross Unrealized Losses		Fair Value
Corporate bonds	$	(1)	$	4,503	$	(16)	$	31,546
Total	$	(1)	$	4,503	$	(16)	$	31,546

Schedule of Equity Investments

The Company’s equity investments consisted of the following as of September 30, 2025 and December 31, 2024 (in thousands):

	Condensed Consolidated Balance Sheets Location	September 30, 2025		December 31, 2024
Money market funds(1)	Cash and cash equivalents	$	21,277	$	17,730
Marketable equity investments(1)	Marketable securities	3,015		3,165
Investment in non-marketable securities(2)	Other non-current assets	10,000		10,000
Total		$	34,292	$	30,895

(1)    Investments with readily determinable fair values.

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