Marketable Securities and Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2025

Debt Securities [Abstract]

Schedule of Marketable Securities

The following table summarizes the Company’s marketable securities (in thousands):

	September 30, 2025								December 31, 2024
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value		Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
Corporate debt securities	$	22,296	$	11	$	—	$	22,307	$	110,820	$	91	$	(204)	$	110,707
U.S. Treasury notes	116,105		769		(11)		116,863		101,059		184		(213)		101,030
	$	138,401	$	780	$	(11)	$	139,170	$	211,879	$	275	$	(417)	$	211,737

The following table summarizes the Company’s marketable securities maturity as of September 30, 2025 (in thousands):

Year	Amortized Cost		Fair Value
2025	$	23,285	$	23,285
2026	62,571		62,843
2027	27,969		28,218
2028	24,576		24,824
	$	138,401	$	139,170

Schedule of Marketable Securities, Unrealized Loss Position

The following table summarizes the Company’s marketable securities with gross unrealized losses by security type aggregated by the length of time the investments have been in a continuous unrealized loss position as of September 30, 2025 (in thousands):

	Less Than 12 Months				12 Months or Greater
	Fair Value		Gross Unrealized Losses		Fair Value		Gross Unrealized Losses
U.S. Treasury notes	$	12,974	$	3	$	12,820	$	8

The following table summarizes the Company’s marketable securities with gross unrealized losses by security type aggregated by the length of time the investments have been in a continuous unrealized loss position as of December 31, 2024 (in thousands):

	Less Than 12 Months				12 Months or Greater
	Fair Value		Gross Unrealized Losses		Fair Value		Gross Unrealized Losses
Corporate debt securities	$	—	$	—	$	73,128	$	204
U.S. Treasury notes	25,295		104		38,787		109
	$	25,295	$	104	$	111,915	$	313

Schedule of Fair Value Assets Measured on Recurring Basis

The table below summarizes the Company’s financial instruments measured at fair value on a recurring basis (in thousands):

	September 30, 2025						December 31, 2024
	Level 1		Level 2		Level 3		Level 1		Level 2		Level 3
Marketable securities:
Corporate debt securities	$	—	$	22,307	$	—	$	—	$	110,707	$	—
U.S. Treasury notes	116,863		—		—		101,030		—		—
	$	116,863	$	22,307	$	—	$	101,030	$	110,707	$	—