Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2025

Fair Value Disclosures [Abstract]

Schedule of Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis

The following tables present information about the Company’s financial assets and liabilities measured at fair value on a recurring basis and indicate the level of the fair value hierarchy used to determine such fair values (in thousands):

	September 30, 2025
	Total		Level 1		Level 2		Level 3
Assets:
Cash equivalents – money market funds	$	295,708	$	295,708	$	—	$	—
Total assets	$	295,708	$	295,708	$	—	$	—
Liabilities:
Trinity Term Loans	$	50,852	$	—	$	—	$	50,852
Success Fee Derivative liabilities		1,519		—		—		1,519
SSI Warrant liability		901		—		—		901
Total liabilities	$	53,272	$	—	$	—	$	53,272

	December 31, 2024
	Total		Level 1		Level 2		Level 3
Assets:
Cash equivalents – money market funds	$	138,308	$	138,308	$	—	$	—
Total assets	$	138,308	$	138,308	$	—	$	—
Liabilities:
Trinity Term Loans	$	43,942	$	—	$	—	$	43,942
Success Fee Derivative liability		930		—		—		930
SSI Warrant liability		438		—		—		438
Total liabilities	$	45,310	$	—	$	—	$	45,310