v3.25.2
Fair Value Measurement (Tables)
 6 Months Ended
Jun. 30, 2025
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Financial Assets Measured on Recurring Basis
The following fair value hierarchy table presents information about the Company’s financial assets measured and carried at fair value (amounts in thousands):
Fair value measurement at reporting date using
Quoted prices
in active markets for
identical assets
(Level 1)		Significant
other
observable inputs (Level 2)		Significant
unobservable inputs
(Level 3)
Total
June 30, 2025
Assets
Money Market fund$18,364 $— $— $18,364 
U.S. Treasury and government agency securities
97,999 112,537 — 210,536 
Corporate debt securities— 109,974 — 109,974 
Commercial Paper— 39,378 — 39,378 
Total
$116,363 $261,889 $— $378,252 
December 31, 2024
Assets
Money Market fund$217,515 $— $— $217,515 
U.S. Treasury securities171,885 — — 171,885 
Total
$389,400 $— $— $389,400 
Schedule of Debt Securities, Fair Value of U.S. Treasury Securities and Money Market Fund
The following represents the amortized cost bases and fair values of the Company’s fixed income investments as of June 30, 2025 (amounts in thousands):

Amortized CostGross Unrealized Gains Gross Unrealized LossesFair Value
Money Market fund, included in Cash and cash equivalents$18,364 $— $— $18,364 
U.S. Treasury and government agency securities, included in:
Short-term investments144,962 — (98)144,864 
Long-term investments65,710 32 (70)65,672 
Total U.S. Treasury and government agency securities
$210,672 $32 $(168)$210,536 
Corporate debt securities, included in:
Short-term investments$22,228 $17 $(5)$22,240 
Long-term investments87,597 163 (26)87,734 
Total Corporate debt securities$109,825 $180 $(31)$109,974 
Commercial paper, included in:
Short-term investments39,389 — (11)39,378 
Total Commercial paper$39,389 $— $(11)$39,378 
In aggregate:
Investments above with no unrealized loss
$107,842 $212 $— $108,054 
Investments above with unrealized loss
270,408 — (210)270,198 
Total investments
$378,250 $212 $(210)$378,252