v3.25.2
Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2025
Fair Value Disclosures [Abstract]  
Summary of Fair Value Measurements The following tables provide the fair value measurements of applicable Company assets that are measured at fair value on a recurring basis according to the fair value levels defined above. There were no transfers between Level 1 and Level 2 during the periods presented.
 Assets at Fair Value as of June 30, 2025
 Level 1Level 2Level 3Total
(in thousands)
Cash and cash equivalents$21,364 $— $— $21,364 
Short-term investments94,846 22,797 — 117,643 
Restricted cash$29,000 $— $— $29,000 
Total cash and cash equivalents, short-term investments and restricted cash$145,210 $22,797 $— $168,007 

 Assets at Fair Value as of December 31, 2024
 Level 1Level 2Level 3Total
 (in thousands)
Cash and cash equivalents$66,656 $— $— $66,656 
Short-term investments127,990 43,311 — 171,301 
Restricted cash— — — $— 
Total cash and cash equivalents, short-term investments and restricted cash$194,646 $43,311 $— $237,957