Investments (Tables)

3 Months Ended

Mar. 31, 2025

Investments, Debt and Equity Securities [Abstract]

Marketable Securities

Short-term investments as of March 31, 2025, consist of the following (in thousands):

	Adjusted Cost		Unrealized Gains		Unrealized Losses		Fair Value
U.S. Treasury bills	$	41,501	$	40	$	—	$	41,541
Corporate bonds	7,393		1		—		7,394
Total short-term investments	$	48,894	$	41	$	—	$	48,935

Short-term investments as of December 31, 2024, consist of the following (in thousands):

	Adjusted Cost		Unrealized Gains		Unrealized Losses		Fair Value
U.S. Treasury bills	$	60,040	$	120	$	—	$	60,160
Corporate bonds	18,058		3		(1)		18,060
Government and government agency	1,446		1		—		1,447
Total short-term investments	$	79,544	$	124	$	(1)	$	79,667