Fair Value of Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2026

Fair Value Disclosures [Abstract]

Summary of Financial Instruments Measured at Fair Value on Recurring Basis by Level Within Fair Value Hierarchy

The following tables summarize the Company's financial instruments measured at fair value on a recurring basis by level within the fair value hierarchy (in thousands):

		March 31, 2026
	Valuation Hierarchy	Amortized Cost		Unrealized Losses			Unrealized Gains		Estimated Fair Value
Assets:
Short-term investments:
Corporate debt securities	Level 2	$	130,813	$	(89	)	$	38	$	130,762
Commercial paper	Level 2		10,901		—			—		10,901
U.S. Treasury securities	Level 2		52,079		(22	)		29		52,086
U.S. government agency securities	Level 2		9,314		(1	)		10		9,323
Total short-term investments			203,107		(112	)		77		203,072
Long-term investments:
Corporate debt securities	Level 2	$	23,060	$	(61	)	$	6	$	23,005
U.S. government agency securities	Level 2		10,603		(40	)		—		10,563
Total long-term investments			33,663		(101	)		6		33,568
Total investments			236,770		(213	)		83		236,640
Cash equivalents:
Money market funds	Level 1								$	26,124
Commercial paper	Level 2									560
Total Cash equivalents									$	26,684

		December 31, 2025
	Valuation Hierarchy	Amortized Cost		Unrealized Losses			Unrealized Gains		Estimated Fair Value
Assets:
Short-term investments:
Corporate debt securities	Level 2	$	134,582	$	(4	)	$	269	$	134,847
Commercial paper	Level 2		25,952		—			—		25,952
U.S. Treasury securities	Level 2		66,753		—			96		66,849
U.S. government agency securities	Level 2		8,970		—			27		8,997
Total short-term investments			236,257		(4	)		392		236,645
Long-term investments:
Corporate debt securities	Level 2	$	11,757	$	(3	)	$	5	$	11,759
U.S. Treasury securities	Level 2		4,013		—			16		4,029
U.S. government agency securities	Level 2		318		—			1		319
Total long-term investments			16,088		(3	)		22		16,107
Total investments			252,345		(7	)		414		252,752
Cash equivalents:
Money market funds	Level 1								$	33,869
Commercial paper	Level 2									5,264
Total cash equivalents									$	39,133