Fair Value Measurements (Tables)

9 Months Ended

Sep. 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 September 30, 2025:
	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents:
Money market funds	$	21,277	$	—	$	—	$	21,277
Total cash equivalents	$	21,277	$	—	$	—	$	21,277
Marketable securities:
Corporate bonds	$	—	$	16,493	$	—	$	16,493
Marketable equity investments	3,015		—		—		3,015
Total marketable securities	$	3,015	$	16,493	$	—	$	19,508
Liabilities:
Derivative liability	$	—	$	—	$	(1,500)	$	(1,500)

	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 securities:
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 securities	$	8,601	$	91,226	$	—	$	99,827
Liabilities:
Derivative liability	$	—	$	—	$	(9,410)	$	(9,410)