v3.25.2
Investments and Fair Value Measurements (Tables)
 6 Months Ended
Jun. 30, 2025
Investments, Debt and Equity Securities [Abstract]  
Schedule of Components of Investments The components of our cash, cash equivalents, and investments as of June 30, 2025 are as follows (in thousands):
As of June 30, 2025
Fair Value MeasurementBalance Sheet Classification
Fair Value LevelCost BasisUnrealized Gains (Losses)
Fair Value
Cash and Cash EquivalentsShort-term Investments and Marketable Securities
Cash
Level 1$108,020 $— $108,020 $108,020 $— 
Money market fundLevel 14,187 — 4,187 4,187 — 
U.S. Treasury bondsLevel 143,929 (1)43,928 — 43,928 
Commercial paper
Level 27,994 (1)7,993 — 7,993 
Corporate bonds
Level 220,623 2 20,625 — 20,625 
Total investments$184,753 $— $184,753 $112,207 $72,546 

At December 31, 2024, our investments consisted of the following (in thousands):

As of December 31, 2024
Fair Value MeasurementBalance Sheet Classification
Fair Value LevelCost BasisUnrealized Gains (Losses)
Fair Value
Cash and Cash EquivalentsShort-term Investments and Marketable Securities
Cash
Level 1$106,338 $— $106,338 $106,338 $— 
Money market fundLevel 112,214 — 12,214 12,214 — 
U.S. Treasury bondsLevel 124,376 26 24,402 — 24,402 
Commercial paperLevel 22,974 3 2,977 — 2,977 
Corporate bondsLevel 213,900 29 13,929 — 13,929 
Total investments$159,802 $58 $159,860 $118,552 $41,308