v3.25.2
Fair Value of Financial Assets and Liabilities (Tables)
6 Months Ended
Jun. 30, 2025
Fair Value of Financial Assets and Liabilities  
Schedule of summary of the assets and liabilities measured at fair value on a recurring basis

The following tables summarize the assets and liabilities measured at fair value on a recurring basis at June 30, 2025 and December 31, 2024 (in thousands):

Fair Value Measurements at June 30, 2025

    

Total

    

Level 1

    

Level 2

    

Level 3

Assets:

  

  

  

  

Money market funds, included in cash and cash equivalents

$

132,321

$

132,321

$

$

U.S. treasury obligations, included in cash and cash equivalents

12,963

12,963

Marketable securities:

 

  

 

  

 

  

 

  

U.S. treasury obligations and government agency securities

142,088

142,088

Total assets

$

287,372

$

287,372

$

$

Fair Value Measurements at December 31, 2024

    

Total

    

Level 1

    

Level 2

    

Level 3

Assets:

  

  

  

  

Money market funds, included in cash and cash equivalents

$

97,290

$

97,290

$

$

U.S. treasury obligations, included in cash and cash equivalents

63,171

63,171

Marketable securities:

 

  

 

  

 

  

 

  

U.S. treasury obligations and government agency securities

 

259,400

259,400

Total assets

$

419,861

$

419,861

$

$