Fair Value of Financial Instruments (Tables)

9 Months Ended

Sep. 30, 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):

		September 30, 2026
	Valuation Hierarchy	Amortized Cost		Unrealized Losses			Unrealized Gains		Estimated Fair Value
Assets:
Short-term investments:
Corporate debt securities	Level 2	$	62,133	$	(122	)	$	—	$	62,011
Commercial paper	Level 2		3,759		(4	)		—		3,755
U.S. Treasury securities	Level 2		34,265		(55	)		—		34,210
U.S. government agency securities	Level 2		8,280		(2	)		—		8,278
Total short-term investments			108,437		(183	)		—		108,254
Long-term investments:
Corporate debt securities	Level 2	$	46,882	$	(629	)	$	—	$	46,253
U.S. government agency securities	Level 2		10,606		(184	)		—		10,422
Total long-term investments			57,488		(813	)		—		56,675
Total investments			165,925		(996	)		—		164,929
Cash equivalents:
Money market funds	Level 1								$	33,977
Commercial paper	Level 2									1,897
U.S. Government securities	Level 2									11,402
Total Cash equivalents									$	47,276

		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