Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2025

Fair Value Disclosures [Abstract]

Schedule of Assets Measured at Fair Value on Recurring Basis

The following tables present information about the Company’s financial assets measured at fair value on a recurring basis and indicates the level of the fair value hierarchy utilized to determine such fair values as of March 31, 2025 and December 31, 2024 (in thousands):

	Fair Value Measurements at March 31, 2025:
	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents
Money market fund	$	73,245	$	—	$	—	$	73,245
US treasuries		5,990		—		—		5,990
Commercial Paper		—		2,985		—		2,985
Marketable securities, current
US treasuries		119,654		—		—		119,654
US government agencies		—		49,963		—		49,963
Commercial Paper		—		5,925		—		5,925
Corporate bonds		—		197,642		—		197,642
Marketable securities, non-current
US treasuries		52,002		—		—		52,002
US government agencies		—		129,644		—		129,644
Corporate bonds		—		130,689		—		130,689
Restricted cash		5,807		—		—		5,807
Total	$	256,698	$	516,848	$	—	$	773,546

	Fair Value Measurements at December 31, 2024:
	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents
Money market fund	$	106,234	$	—	$	—	$	106,234
US treasuries		1,497		—		—		1,497
US government agencies		—		9,925		—		9,925
Marketable securities, current
US treasuries		96,442		—		—		96,442
US government agencies		—		42,068		—		42,068
Commercial Paper		—		15,851		—		15,851
Corporate bonds		—		214,127		—		214,127
Marketable securities, non-current
US treasuries		62,022		—		—		62,022
US government agencies		—		135,749		—		135,749
Corporate bonds		—		164,388		—		164,388
Restricted cash		5,794		—		—		5,794
Total	$	271,989	$	582,108	$	—	$	854,097