The following tables summarize the Company’s financial instruments recorded at fair value on a recurring basis by level within the fair value hierarchy as of the periods presented (in thousands):


	March 31, 2025
	Level 1		Level 2		Level 3		Total
Cash and cash equivalents
Cash equivalents - money market mutual funds	$	15,684	$	—	$	—	$	15,684

Marketable securities
U.S. Treasury securities	—		154,195		—		154,195





Total cash equivalents and marketable securities	$	15,684	$	154,195	$	—	$	169,879


	December 31, 2024
	Level 1		Level 2		Level 3		Total
Cash and cash equivalents
Cash equivalents - money market mutual funds	$	10,716	$	—	$	—	$	10,716
Marketable securities
U.S. Treasury securities	—		167,803		—		167,803




Total cash equivalents and marketable securities	$	10,716	$	167,803	$	—	$	178,519