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Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2025
Fair Value Disclosures [Abstract]  
Summary of Financial Instruments Carried at Fair Value on Recurring Basis

The following tables present the financial instruments carried at fair value on a recurring basis as of June 30, 2025 and December 31, 2024, respectively, in accordance with the FASB ASC 820 hierarchy (in thousands):

 

 

June 30, 2025

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Cash equivalents

 

 

 

 

 

 

 

 

 

 

 

Money market funds

$

7,265

 

 

$

 

 

$

 

 

$

7,265

 

Marketable debt securities

 

 

 

 

 

 

 

 

 

 

 

U.S. Treasury securities

 

78,211

 

 

 

 

 

 

 

 

 

78,211

 

Total

$

85,476

 

 

$

 

 

$

 

 

$

85,476

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2024

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Cash Equivalents

 

 

 

 

 

 

 

 

 

 

 

Money market funds

$

9,491

 

 

$

 

 

$

 

 

$

9,491

 

Marketable debt securities

 

 

 

 

 

 

 

 

 

 

 

U.S. Treasury securities

 

107,458

 

 

 

 

 

 

 

 

 

107,458

 

Total

$

116,949

 

 

$

 

 

$

 

 

$

116,949