Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2025

Fair Value Disclosures [Abstract]

Summary of Company's Financial Instruments Measured at Fair Value on a Recurring Basis

The following table summarizes the Company’s financial instruments measured at fair value on a recurring basis at March 31, 2025 and December 31, 2024 (in thousands):

	Fair Value Measurement at End of Period Using:
			Quoted Prices
			In Active
			Markets		Significant
			For		Other		Significant
			Identical		Observable		Unobservable
			Assets		Inputs		Inputs
	Total		(Level 1)		(Level 2)		(Level 3)
As of March 31, 2025:
Assets:
Money market funds(1)	$	12,426	$	12,426	$	—	$	—
Certificates of deposit		2,402		2,402		—		—
U.S. Treasury securities		191,112		191,112		—		—
U.S. Government agency securities		22,493		—		22,493		—
Total	$	228,433	$	205,940	$	22,493	$	—
As of December 31, 2024:
Assets:
Money market funds(1)	$	20,800	$	20,800	$	—	$	—
Certificates of deposit		2,898		2,898		—		—
U.S. Treasury securities		197,528		197,528		—		—
U.S. Government agency securities		22,488		—		22,488		—
Total	$	243,714	$	221,226	$	22,488	$	—

(1)Included in cash and cash equivalents on the accompanying balance sheets.