v3.25.1
Fair Value of Financial Instruments (Tables)
3 Months Ended
Mar. 31, 2025
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Abstract]  
Schedule of Financial Instruments Measured on Recurring Basis The following table sets forth the fair value of the Company’s financial assets and liabilities by level within the fair value hierarchy (in thousands):
Description:March 31,
2025
Quoted prices
in active
markets for
identical
assets
(level 1)
Significant
other
observable
inputs
(level 2)
Significant
unobservable
inputs
(level 3)
Cash equivalents:
Money market funds$66,565 $66,565 $— $— 
U.S Treasury$9,236 $9,236 $— $— 
Short-term investments:
U.S. Treasury$138,765 $138,765 $— $— 
Corporate bonds$10,845 $— $10,845 $— 
Commercial paper$20,703 $— $20,703 $— 
Total$246,114 $214,566 $31,548 $— 
Description:December 31,
2024
Quoted prices
in active
markets for
identical
assets
(level 1)
Significant
other
observable
inputs
(level 2)
Significant
unobservable
inputs
(level 3)
Cash equivalents:
Money market funds$61,722 $61,722 $— $— 
U.S. Treasury$4,743 $4,743 $— $— 
Short-term investments:  
U.S. Treasury161,477 161,477 — — 
Corporate bonds1,977 — 1,977 — 
Commercial paper15,691 — 15,691 — 
Total$245,610 $227,942 $17,668 $—