v3.25.2
Fair Value Measurements (Tables)
 6 Months Ended
Jun. 30, 2025
Fair Value Disclosures [Abstract]  
Schedule of Financial Assets And Liabilities Measured At Fair Value On A Recurring Basis

Financial assets measured at fair value on a recurring basis as of June 30, 2025 are summarized as follows (in thousands):

 

Description

 

Balance as
of June 30,
2025

 

 

Quoted
Prices in
Active
Markets
(Level 1)

 

 

Significant
Other
Observable
Inputs
(Level 2)

 

 

Significant
Other
Unobservable
Inputs
(Level 3)

 

Assets

 

 

 

 

 

 

 

 

 

 

 

 

Cash equivalents:

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

$

53,275

 

 

$

53,275

 

 

$

—

 

 

$

—

 

Total cash equivalents

 

$

53,275

 

 

$

53,275

 

 

$

—

 

 

$

—

 

Total financial assets

 

$

53,275

 

 

$

53,275

 

 

$

—

 

 

$

—

 

Financial assets and liabilities measured at fair value on a recurring basis as of December 31, 2024 are summarized as follows (in thousands):

 

Description

 

Balance as
of December 31,
2024

 

 

Quoted
Prices in
Active
Markets
(Level 1)

 

 

Significant
Other
Observable
Inputs
(Level 2)

 

 

Significant
Other
Unobservable
Inputs
(Level 3)

 

Assets

 

 

 

 

 

 

 

 

 

 

 

 

Cash equivalents:

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

$

76,089

 

 

$

76,089

 

 

$

—

 

 

$

—

 

Total cash equivalents

 

$

76,089

 

 

$

76,089

 

 

$

—

 

 

$

—

 

Total financial assets

 

$

76,089

 

 

$

76,089

 

 

$

—

 

 

$

—

 

Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

CVR liability

 

$

2,900

 

 

$

—

 

 

$

—

 

 

$

2,900

 

Total financial liabilities

 

$

2,900

 

 

$

—

 

 

$

—

 

 

$

2,900