v3.25.3
Fair Value Measurements (Tables)
9 Months Ended
Sep. 30, 2025
Fair Value Disclosures [Abstract]  
Schedule Of Fair Value Measurements, By Major Security Type

The following tables summarize, by major security type, our cash equivalents and short-term investments that are measured at fair value on a recurring basis and are categorized using the fair value hierarchy, in thousands:

 

September 30, 2025

 

 

Total

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

Cash equivalents

 

 

 

 

 

 

 

 

 

 

 

Money market funds

$

39,180

 

 

$

39,180

 

 

$

 

 

$

 

U.S. Treasury securities

 

7,460

 

 

 

7,460

 

 

 

 

 

 

 

Total cash equivalents

 

46,640

 

 

 

46,640

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Short-term investments

 

 

 

 

 

 

 

 

 

 

 

U.S. Treasury securities

 

421,874

 

 

 

421,874

 

 

 

 

 

 

 

U.S. Agency bonds

 

32,504

 

 

 

 

 

32,504

 

 

 

 

Total short-term investments

 

454,378

 

 

 

421,874

 

 

 

32,504

 

 

 

 

Total

$

501,018

 

 

$

468,514

 

 

$

32,504

 

 

$

 

 

 

December 31, 2024

 

 

Total

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

Cash equivalents

 

 

 

 

 

 

 

 

 

 

 

Money market funds

$

200,024

 

 

$

200,024

 

 

$

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

Short-term investments

 

 

 

 

 

 

 

 

 

 

 

U.S. Treasury securities

 

497,938

 

 

 

497,938

 

 

 

 

 

 

 

U.S. Agency bonds

 

4,995

 

 

 

 

 

4,995

 

 

 

 

Total short-term investments

 

502,933

 

 

 

497,938

 

 

 

4,995

 

 

 

 

Total

$

702,957

 

 

$

697,962

 

 

$

4,995

 

 

$