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Fair Value Measurement (Tables)
3 Months Ended
Mar. 31, 2025
Fair Value Disclosures [Abstract]  
Summary of Investments Measured and Recognized at Fair Value

The Company measures and reports certain financial instruments as assets and liabilities at fair value on a recurring basis. The following tables set forth the fair value of the Company’s financial assets, which consist of cash equivalents and marketable securities measured and recognized at fair value (in thousands):

 

 

 

 

 

March 31, 2025

 

 

 

Fair Value
Hierarchy
Level

 

Amortized
Cost

 

 

Gross
Unrealized
Gains

 

 

Gross
Unrealized
Losses

 

 

Fair
Value

 

Financial assets included in cash and cash
   equivalents:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

Level 1

 

$

34,250

 

 

$

 

 

$

 

 

$

34,250

 

Total

 

 

 

$

34,250

 

 

$

 

 

$

 

 

$

34,250

 

 

 

 

 

 

December 31, 2024

 

 

 

Fair Value
Hierarchy
Level

 

Amortized
Cost

 

 

Gross
Unrealized
Gains

 

 

Gross
Unrealized
Losses

 

 

Fair
Value

 

Financial assets included in cash and cash
   equivalents:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

Level 1

 

$

56,031

 

 

$

 

 

$

 

 

$

56,031

 

Total

 

 

 

$

56,031

 

 

$

 

 

$

 

 

$

56,031