Cash Equivalents, Marketable Securities and Restricted Cash (Tables)

12 Months Ended

Dec. 31, 2025

Cash, Cash Equivalents, and Short-Term Investments [Abstract]

Schedule of Cash Equivalents and Marketable Securities

The marketable securities consist of government securities as follows (in thousands):


		As of December 31, 2025
		Amortized Cost				Unrealized Gains				Unrealized Losses				Aggregate Fair Value
Cash equivalents
Money market funds		$	249,393			$	—			$	—			$	249,393
Total cash equivalents			249,393				—				—				249,393
Marketable securities
Government securities			44,872				168				—				45,040
Total marketable securities			44,872				168				—				45,040
Restricted cash
Certificate of deposit			770				—				—				770
Total cash equivalents, marketable securities and restricted cash		$	295,035			$	168			$	—			$	295,203


		As of December 31, 2024
		Amortized Cost				Unrealized Gains				Unrealized Losses				Aggregate Fair Value
Cash equivalents
Money market funds		$	19,926			$	—			$	—			$	19,926
Total cash equivalents			19,926				—				—				19,926
Marketable securities
Government securities			4,910				111				—				5,021
Total marketable securities			4,910				111				—				5,021
Restricted cash
Certificate of deposit			498				—				—				498
Total cash equivalents, marketable securities and restricted cash		$	25,334			$	111			$	—			$	25,445

Schedule of Contractual Maturities of the Company's Marketable Securities

The contractual maturities of the Company’s marketable securities are summarized as follows (in thousands):


		As of December 31, 2025
		Amortized Cost				Unrealized Gains				Unrealized Losses				Aggregate Fair Value
Within one year		$	23,254			$	109			$	—			$	23,363
After one year to five years			21,618				59				—				21,677
Total marketable securities		$	44,872			$	168			$	—			$	45,040

Schedule of Cash Equivalents and Restricted Cash

A reconciliation of the cash, cash equivalents and restricted cash reported in the balance sheets that sum to the total of the amounts shown in the statements of cash flows is as follows (in thousands):


		As of December 31,
		2025				2024
Cash and cash equivalents		$	250,173			$	22,978
Restricted cash			770				498
Total cash, cash equivalents and restricted cash		$	250,943			$	23,476