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Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2024
Fair Value Disclosures [Abstract]  
Summary of Assets Measured at Fair Value

The following tables present information about our financial assets and liabilities measured at fair value on a recurring basis and indicate the level of the fair value hierarchy utilized to determine such fair values as of December 31, 2024 and 2023 (in thousands):

 

 

December 31, 2024

 

 

Total

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

Assets

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds(1)

 

$

46,134

 

 

$

46,134

 

 

$

 

 

$

 

Total assets measured at fair value

 

$

46,134

 

 

$

46,134

 

 

$

 

 

$

 

 

 

December 31, 2023

 

 

Total

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

Assets

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds(1)

 

$

131,613

 

 

$

131,613

 

 

$

 

 

$

 

Total assets measured at fair value

 

$

131,613

 

 

$

131,613

 

 

$

 

 

$

 

 

(1) Money market funds with maturities of 90 days or less at the date of purchase are included within cash and cash equivalents in the accompanying consolidated balance sheets and are recognized at fair value.