Marketable Debt Securities (Tables)

6 Months Ended

Jun. 30, 2025

Investments, Debt and Equity Securities [Abstract]

Summary of Marketable Securities Classified as Available-for-sale

Marketable debt securities, all of which were classified as available-for-sale, consist of the following (in thousands):

	June 30, 2025
	Amortized Cost		Unrealized Gains		Unrealized Losses			Aggregate Fair Value
Marketable debt securities
U.S. Treasury securities	$	78,216	$	5	$	(10	)	$	78,211
	December 31, 2024
	Amortized Cost		Unrealized Gains		Unrealized Losses			Aggregate Fair Value
Marketable debt securities
U.S. Treasury securities	$	107,288	$	170	$	—		$	107,458

Interest and Investment Income

Interest and investment income consists of the following (in thousands):

	Three Months Ended June 30,				Six Months Ended June 30,
	2025		2024		2025		2024
Interest income	$	99	$	387	$	183	$	649
Accretion of discount, net		896		1,636		2,053		2,924
Total interest and investment income	$	995	$	2,023	$	2,236	$	3,573