Financial assets and liabilities subject to fair value measurements on a recurring basis and the level of inputs used in such measurements by major security type are presented in the following table (in thousands):


	March 31, 2025
	Level 1		Level 2		Level 3		Total
Financial assets:
Money market funds	$	182,259	$	—	$	—	$	182,259
U.S. treasury bills	4,981		—		—		4,981
Corporate debt securities	—		54,457		—		54,457
U.S. government bonds	—		24,918		—		24,918
Commercial paper	—		2,408		—		2,408
Total financial assets	$	187,240	$	81,783	$	—	$	269,023


	December 31, 2024
	Level 1		Level 2		Level 3		Total
Financial assets:
Money market funds	$	202,965	$	—	$	—	$	202,965
U.S. treasury bills	$	2,964	$	—	$	—	$	2,964
Corporate debt securities	$	—	$	37,978	$	—	$	37,978
U.S. government bonds	$	—	$	26,904	$	—	$	26,904
Agency bonds	$	—	$	2,492	$	—	$	2,492
Total financial assets	$	205,929	$	67,374	$	—	$	273,303