Fair Value Measurements and Fair Value of Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2025

Fair Value Disclosures [Abstract]

Schedule of Cash Equivalents and Short-term Investments

The following is a summary of the Company’s cash equivalents and short-term investments:


			June 30, 2025
			Amortized Cost Basis						Unrealized Gains						Unrealized Losses						Estimated Fair Value
			(In thousands)
Level 1:
Money market funds			$	2,151					$	—					$	—					$	2,151
Level 2:
Commercial paper			35,686						—						(7)						35,679

Total cash equivalents and short-term investments			37,837						—						(7)						37,830
Less: Cash equivalents			(35,857)						—						6						(35,851)
Total short-term investments			$	1,980					$	—					$	(1)					$	1,979


			December 31, 2024
			Amortized Cost Basis						Unrealized Gains						Unrealized Losses						Estimated Fair Value
			(In thousands)
Level 1:
Money market funds			$	165					$	—					$	—					$	165
Level 2:
Commercial paper			78,500						10						(9)						78,501
U.S. government and agency securities			41,210						56						—						41,266

Total cash equivalents and short-term investments			119,875						66						(9)						119,932
Less: Cash equivalents			(54,901)						—						8						(54,893)
Total short-term investments			$	64,974					$	66					$	(1)					$	65,039