The following table details the fair value hierarchy of the Company's financial assets measured at fair value on a recurring basis as of June 30, 2025: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Fair Value Measurements Using: | | | Fair Value | | Quoted Prices in Active Markets for Identical Assets (Level I) | | Significant Other Observable Inputs (Level II) | | Significant Unobservable Inputs (Level III) | Assets | | | | | | | | | Cash Equivalents: | | | | | | | | | Money market funds | | $ | 37,969 | | | $ | 37,969 | | | $ | — | | | $ | — | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Investments: | | Fair Value | | Quoted Prices in Active Markets for Identical Assets (Level I) | | Significant Other Observable Inputs (Level II) | | Significant Unobservable Inputs (Level III) | Corporate bonds and commercial paper | | $ | 49,235 | | | $ | — | | | $ | 49,235 | | | $ | — | | Certificates of deposit | | 13,454 | | | — | | | 13,454 | | | — | | U.S. government securities | | 54,533 | | | — | | | 54,533 | | | — | | | | $ | 117,222 | | | $ | — | | | $ | 117,222 | | | $ | — | |
The following table details the fair value hierarchy of the Company's financial assets measured at fair value on a recurring basis as of December 31, 2024: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Fair Value Measurements Using: | | | Fair Value | | Quoted Prices in Active Markets for Identical Assets (Level I) | | Significant Other Observable Inputs (Level II) | | Significant Unobservable Inputs (Level III) | Assets | | | | | | | | | Cash Equivalents: | | | | | | | | | Money market funds | | $ | 63,945 | | | $ | 63,945 | | | $ | — | | | $ | — | | Certificates of deposit | | 245 | | | — | | | 245 | | | — | | | | | | | | | | | | | | | | | | | | | | $ | 64,190 | | | $ | 63,945 | | | $ | 245 | | | $ | — | | | | | | | | | | | | | | | | | | | | Investments: | | Fair Value | | Quoted Prices in Active Markets for Identical Assets (Level I) | | Significant Other Observable Inputs (Level II) | | Significant Unobservable Inputs (Level III) | Corporate bonds and commercial paper | | $ | 46,702 | | | $ | — | | | $ | 46,702 | | | $ | — | | Certificates of deposit | | 14,092 | | | — | | | 14,092 | | | — | | U.S. government securities | | 26,922 | | | — | | | 26,922 | | | — | | | | $ | 87,716 | | | $ | — | | | $ | 87,716 | | | $ | — | | | | | | | | | | |
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