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

12 Months Ended

Dec. 31, 2025

Fair Value Disclosures [Abstract]

Schedule of Assets Measured at Fair Value on a Recurring Basis

The Company’s fair value hierarchy for its cash equivalents and available-for-sale marketable securities measured at fair value on a recurring basis as of December 31, 2025, was as follows (in thousands):


		Fair Value Measurements
As of December 31, 2025		Total				Level 1				Level 2				Level 3
Cash equivalents
Money market funds		$	122,165			$	122,165			$	—			$	—
Available-for-sale marketable securities
U.S. Treasury bills			109,719				—				109,719				—
U.S. Government bonds			45,441								45,441				—
Total fair value of assets		$	277,325			$	122,165			$	155,160			$	—

The Company’s fair value hierarchy for its cash equivalents and available-for-sale marketable securities measured at fair value on a recurring basis as of December 31, 2024, was as follows (in thousands):


		Fair Value Measurements
As of December 31, 2024		Total				Level 1				Level 2				Level 3
Cash equivalents
Money market funds		$	36,745			$	36,745			$	—			$	—
Corporate debt obligations			33,910				—				33,910				—
U.S. Treasury bills			25,426				—				25,426				—
Available-for-sale marketable securities
U.S. Treasury bills			189,358				—				189,358				—
Total fair value of assets		$	285,439			$	36,745			$	248,694			$	—