| Schedule of Fair Value Measurements |
The Company’s fair value measurements as of March 31, 2025 and December 31, 2024 were as follows (in thousands):
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March 31, 2025 |
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Level 1 |
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Level 2 |
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Balance |
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Assets: |
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Cash equivalents: |
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Money market funds |
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$ |
28,179 |
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$ |
— |
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$ |
28,179 |
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Marketable securities: |
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U.S. Treasury securities |
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54,016 |
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— |
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54,016 |
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Corporate bonds |
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— |
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102,317 |
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102,317 |
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U.S. government agency debt securities |
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— |
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12,492 |
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12,492 |
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Total marketable securities |
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54,016 |
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|
114,809 |
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|
168,825 |
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Total assets |
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$ |
82,195 |
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$ |
114,809 |
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$ |
197,004 |
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December 31, 2024 |
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Level 1 |
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Level 2 |
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Balance |
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Assets: |
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|
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Cash equivalents: |
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Money market funds |
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$ |
85,612 |
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|
$ |
— |
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|
|
$ |
85,612 |
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Marketable securities: |
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|
|
|
|
|
|
|
|
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U.S. Treasury securities |
|
|
54,307 |
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|
|
— |
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|
|
|
54,307 |
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Corporate bonds |
|
|
— |
|
|
|
67,492 |
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|
|
|
67,492 |
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U.S. government agency debt securities |
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|
— |
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|
3,501 |
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|
3,501 |
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Total marketable securities |
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54,307 |
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|
70,993 |
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|
125,300 |
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Total assets |
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$ |
139,919 |
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$ |
70,993 |
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|
$ |
210,912 |
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