Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2025

Fair Value Disclosures [Abstract]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

Assets and liabilities measured at fair value on a recurring basis are as follows (in thousands):

	Fair Value Measurements at Reporting Date
	Total		Level 1		Level 2		Level 3
At September 30, 2025:
Cash equivalents
Money market funds	$	24,735	$	24,735	$	—	$	—
Total cash equivalents measured at fair value	$	24,735	$	24,735	$	—	$	—
Marketable securities
Corporate debt securities	$	57,463	$	—	$	57,463	$	—
U.S. treasury securities	49,772		49,772		—		—
Commercial paper	46,733		—		46,733		—
U.S. government agency securities	12,967		—		12,967		—
Asset-backed securities	9,838		—		9,838		—
Total marketable securities measured at fair value	$	176,773	$	49,772	$	127,001	$	—
At December 31, 2024:
Cash equivalents
Money market funds	$	17,693	$	17,693	$	—	$	—
U.S. government securities	999		—		999		—
U.S. treasury securities	997		997		—		—
Total cash equivalents measured at fair value	$	19,689	$	18,690	$	999	$	—
Marketable securities
Commercial paper	$	58,823	$	—	$	58,823	$	—
U.S. treasury securities	46,309		46,309		—		—
Corporate debt securities	43,669		—		43,669		—
U.S. government agency securities	40,071		—		40,071		—
Total marketable securities measured at fair value	$	188,872	$	46,309	$	142,563	$	—

Schedule of Marketable Securities

The following table presents the amortized cost and estimated fair market value of our cash equivalents and marketable securities as of the dates presented (in thousands):

	September 30, 2025
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair Value
Cash equivalents:
Money market funds	$	24,735	$	—	$	—	$	24,735
Marketable securities:
Corporate debt securities	$	57,402	$	63	$	(2)	$	57,463
U.S. treasury securities	49,669		105		(2)		49,772
Commercial paper	46,712		25		(4)		46,733
U.S. government agency securities	12,950		17		—		12,967
Asset-backed securities	9,813		25		—		9,838
Totals	$	201,281	$	235	$	(8)	$	201,508

	December 31, 2024
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair Value
Cash equivalents:
Money market funds	$	17,693	$	—	$	—	$	17,693
U.S. government securities	999		—		—		999
U.S. treasury securities	997		—		—		997
Marketable securities:
Commercial paper	$	58,798	$	56	$	(31)	$	58,823
U.S. treasury securities	46,231		80		(2)		46,309
Corporate debt securities	43,634		49		(14)		43,669
U.S. government agency securities	40,013		60		(2)		40,071
Totals	$	208,365	$	245	$	(49)	$	208,561

Investments Classified by Contractual Maturity Date

The following table presents available-for-sale securities by contractual maturity date as of September 30, 2025 (in thousands):

	September 30, 2025
	Amortized Cost		Estimated Fair Value
Due in one year or less	$	150,531	$	150,703
Due after one year	26,015		26,070
Total	$	176,546	$	176,773

Schedule of Preferred Stock Warrant Liability Activity

The following table presents activity for the preferred stock warrants liability during the nine months ended September 30, 2024 (in thousands):

	Preferred Stock Warrants Liability
Balance at December 31, 2023	$	871
Change in fair value	1,047
Conversion of preferred stock warrants liability to equity	(1,918)
Balance at September 30, 2024	$	—