Investments (Tables)

12 Months Ended

Dec. 31, 2024

Investments [Abstract]

Schedule of Available for Sale Securities

The following tables summarize the Company's investments in available-for-sale securities by significant investment category reported as short-term as of December 31, 2024 (in thousands):

	December 31, 2024
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Loss		Estimated Fair Value
Marketable securities:
U.S. Treasury	$	161,401	$	88	$	(12)	$	161,477
Corporate bonds	1,976		1		—		1,977
Commercial paper	15,684		11		(4)		15,691
Total available-for-sale investments	$	179,061	$	100	$	(16)	$	179,145

The following tables summarize the Company's investments in available-for-sale securities by significant investment category reported as short-term as of December 31, 2023 (in thousands):

	December 31, 2023
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Loss		Estimated Fair Value
Marketable securities:
U.S. Treasury	$	47,347	$	19	$	—	$	47,366
Federal agency securities	35,840		—		(22)		35,818
Commercial paper	11,937		—		(10)		11,927
Total available-for-sale investments	$	95,124	$	19	$	(32)	$	95,111

Schedule of the Contractual Obligations for Purchase Obligations

The following table summarizes the contractual maturities of the Company's available-for-sale securities at December 31, 2024 (in thousands):

	December 31, 2024
	Amortized Cost		Fair Value
Mature in less than one year	$	179,061	$	179,145
Total	$	179,061	$	179,145

The following table summarizes the contractual maturities of the Company's available-for-sale securities at December 31, 2023 (in thousands):

	December 31, 2023
	Amortized Cost		Fair Value
Mature in less than one year	$	95,124	$	95,111
Total	$	95,124	$	95,111

As of December 31, 2024, future payments under these contractual obligations were as follows (in thousands):

2025	$	2,092
2026	2,620
2027	1,121
Thereafter	17
Total Purchase Obligations	$	5,850