Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2026

Fair Value Disclosures [Abstract]

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

The following tables summarize the fair value of the Company’s financial assets measured at fair value on a recurring basis by level within the fair value hierarchy (in thousands):


				June 30, 2026
		Valuation Hierarchy		Amortized Cost Basis				Gross Unrealized Holding Gains				Gross Unrealized Holding Losses				Aggregate Fair Value
Assets:
Cash equivalents:
Money market funds		Level 1		$	175,800			$	—			$	—			$	175,800
Government bonds		Level 2			9,978				—				—				9,978
Total cash equivalents					185,778				—				—				185,778
Short-term investments:
Government bonds		Level 2			9,973				—				—				9,973
Total short-term investments					9,973				—				—				9,973
				$	195,751			$	—			$	—			$	195,751


				December 31, 2025
		Valuation Hierarchy		Amortized Cost Basis				Gross Unrealized Holding Gains				Gross Unrealized Holding Losses				Aggregate Fair Value
Assets:
Cash equivalents:
Money market funds		Level 1		$	116,181			$	—			$	—			$	116,181
Government bonds		Level 2			43,844				13				—				43,857
Total cash equivalents					160,025				13				—				160,038
Short-term investments:
Government bonds		Level 2			76,252				42				—				76,294
Total short-term investments					76,252				42				—				76,294
				$	236,277			$	55			$	—			$	236,332