Financial Instruments and Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2026

Fair Value Disclosures [Abstract]

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

The following table presents information about the Company’s financial instruments that are measured at fair value on a recurring basis (in thousands):

	March 31, 2026
	Level 1		Level 2		Level 3		Total
Assets
Cash equivalents
Money market funds	$	161,232	$	—	$	—	$	161,232

	December 31, 2025
	Level 1		Level 2		Level 3		Total
Assets
Cash equivalents
Money market funds	$	212,232	$	—	$	—	$	212,232

Schedule of Investments in Held to Maturity Debt Securities

The following table summarizes the amortized cost, unrealized gains, unrealized losses, and fair value in U.S. Treasury securities classified as held-to-maturity (in thousands):

	March 31, 2026
	Amortized cost		Unrealized gains		Unrealized losses		Fair value
Due within one year or less	$	5,098	$	10	$	—	$	5,108
Due between one and two years	—		—		—		—
Total held-to-maturity securities	$	5,098	$	10	$	—	$	5,108

	December 31, 2025
	Amortized cost		Unrealized gains		Unrealized losses		Fair value
Due within one year or less	$	8,179	$	20	$	—	$	8,199
Due between one and two years	—		—		—		—
Total held-to-maturity securities	$	8,179	$	20	$	—	$	8,199