Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2026

Fair Value Disclosures [Abstract]

Summary of Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis

The following tables set forth the fair values of financial assets as of March 31, 2026 and December 31, 2025 that were measured at fair value on a recurring basis (in thousands):


		March 31, 2026
		Level 1				Level 2				Level 3				Total
Financial assets
Money market funds		$	38,145			$	—			$	—			$	38,145
Commercial paper			—				12,701				—				12,701
U.S. government treasury and agency securities			—				122,069				—				122,069
Corporate bonds			—				29,841				—				29,841
Total financial assets		$	38,145			$	164,611			$	—			$	202,756


		December 31, 2025
		Level 1				Level 2				Level 3				Total
Financial assets
Money market funds		$	28,489			$	—			$	—			$	28,489
Commercial paper			—				9,932				—				9,932
U.S. government treasury and agency securities			—				125,605				—				125,605
Corporate bonds			—				34,182				—				34,182
Total financial assets		$	28,489			$	169,719			$	—			$	198,208