The following tables summarize the Company’s financial assets measured at fair value on a recurring basis by level within the fair value hierarchy (in thousands):


	As of
	March 31, 2025
	Level 1		Level 2		Level 3		Fair Value
Assets:
Cash equivalents:
Money market funds	$	13,403	$	—	$	—	$	13,403
Total cash equivalents	13,403		—		—		13,403
Short-term investments:
Corporate bonds	—		3,840		—		3,840
U.S. government agency securities	—		13,311		—		13,311
U.S. treasury securities	—		8,791		—		8,791
Total short-term investments	—		25,942		—		25,942
Long-term investments:
Corporate bonds	—		9,079		—		9,079
U.S. treasury securities	—		1,702		—		1,702
U.S. government agency securities	—		1,998		—		1,998
Total long-term investments	—		12,779		—		12,779
Total financial assets	$	13,403	$	38,721	$	—	$	52,124


	As of
	December 31, 2024
	Level 1		Level 2		Level 3		Fair Value
Assets:
Cash equivalents:
Money market funds	$	10,410	$	—	$	—	$	10,410
Total cash equivalents	10,410		—		—		10,410
Short-term investments:
Corporate bonds	—		5,542		—		5,542
U.S. government agency securities	—		14,850		—		14,850
U.S. treasury securities	—		9,765		—		9,765
Total short-term investments	—		30,157		—		30,157
Long-term investments:
Corporate bonds	—		2,620		—		2,620
U.S. treasury securities	—		1,988		—		1,988
U.S. government agency securities	—		3,896		—		3,896
Total long-term investments	—		8,504		—		8,504
Total financial assets	$	10,410	$	38,661	$	—	$	49,071