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Investments and Fair Value Measurements (Tables) | 3 Months Ended
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Mar. 31, 2025
Investments, Debt and Equity Securities [Abstract] |
Schedule of Components of Investments | The components of our cash, cash equivalents, and investments as of March 31, 2025 are as follows (in thousands):
| As of March 31, 2025
| Fair Value Measurement |  | Balance Sheet Classification
| Fair Value Level |  | Cost Basis |  | Unrealized Gains (Losses) |  | Fair Value |  | Cash and Cash Equivalents |  | Short-term Investments and Marketable Securities |  |
Cash | Level 1 |  | $ | 115,698 |  |  | $ | — |  |  | $ | 115,698 |  |  | $ | 115,698 |  |  | $ | — |  |  |
Money market fund | Level 1 |  | 19,284 |  |  | — |  |  | 19,284 |  |  | 19,284 |  |  | — |  |  |
U.S. Treasury bonds | Level 1 |  | 43,678 |  |  | 28 |  |  | 43,706 |  |  | — |  |  | 43,706 |  |  |
Commercial paper | Level 2 |  | 3,919 |  |  | 3 |  |  | 3,922 |  |  | — |  |  | 3,922 |  |  |
Corporate bonds | Level 2 |  | 17,078 |  |  | 10 |  |  | 17,088 |  |  | — |  |  | 17,088 |  |  |
Total investments |  |  | $ | 199,657 |  |  | $ | 41 |  |  | $ | 199,698 |  |  | $ | 134,982 |  |  | $ | 64,716 |  |  |
At December 31, 2024, our investments consisted of the following (in thousands):
| As of December 31, 2024
| Fair Value Measurement |  | Balance Sheet Classification
| Fair Value Level |  | Cost Basis |  | Unrealized Gains (Losses) |  | Fair Value |  | Cash and Cash Equivalents |  | Short-term Investments and Marketable Securities |  |
Cash | Level 1 |  | $ | 106,338 |  |  | $ | — |  |  | $ | 106,338 |  |  | $ | 106,338 |  |  | $ | — |  |  |
Money market fund | Level 1 |  | 12,214 |  |  | — |  |  | 12,214 |  |  | 12,214 |  |  | — |  |  |
U.S. Treasury bonds | Level 1 |  | 24,376 |  |  | 26 |  |  | 24,402 |  |  | — |  |  | 24,402 |  |  |
Commercial paper | Level 2 |  | 2,974 |  |  | 3 |  |  | 2,977 |  |  | — |  |  | 2,977 |  |  |
Corporate bonds | Level 2 |  | 13,900 |  |  | 29 |  |  | 13,929 |  |  | — |  |  | 13,929 |  |  |
Total investments |  |  | $ | 159,802 |  |  | $ | 58 |  |  | $ | 159,860 |  |  | $ | 118,552 |  |  | $ | 41,308 |  |  |

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