v3.25.2
Fair Value Measurements (Tables)
 6 Months Ended
Jun. 30, 2025
Disclosure Text Block Supplement [Abstract]  
Fair Value Measurements, Recurring and Nonrecurring The fair values of the Company’s financial instruments associated with each of the three levels of the hierarchy are:

 

 

 

As of June 30, 2025

 

(in thousands)

 

 

Level 1

 

Level 2

 

Level 3

 

Total

Cash and Cash Equivalents

$

176,923

$

—

$

—

$

176,923

Investments

 

—

 

—

 

43,836

 

43,836

 

$

176,923

$

—

$

43,836

$

220,759

 

 

 

As of December 31, 2024

 

(in thousands)

 

 

Level 1

 

Level 2

 

Level 3

 

Total

Cash and Cash Equivalents

$

171,687

$

—

$

—

$

171,687

Investments

 

—

 

—

 

43,578

 

43,578

Warrant Liability

 

—

 

—

 

(68)

 

(68)

 

$

171,687

$

—

$

43,510

$

215,197