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Investments and Fair Value Measurements (Tables)
 9 Months Ended
Sep. 30, 2025
Investments, Debt and Equity Securities [Abstract]  
Schedule of Components of Investments The components of our cash, cash equivalents, and investments as of September 30, 2025 are as follows (in thousands):
As of September 30, 2025
Fair Value MeasurementBalance Sheet Classification
Fair Value LevelCost Basis
Unrealized Gains
Fair Value
Cash and Cash EquivalentsShort-term Investments and Marketable Securities
Cash
Level 1$118,977 $— $118,977 $118,977 $— 
Money market fundLevel 16,272 — 6,272 6,272 — 
U.S. Treasury bondsLevel 137,636 28 37,664 — 37,664 
Commercial paper
Level 27,994 7 8,001 — 8,001 
Corporate bonds
Level 220,623 24 20,647 — 20,647 
Total investments$191,502 $59 $191,561 $125,249 $66,312 

At December 31, 2024, our investments consisted of the following (in thousands):

As of December 31, 2024
Fair Value MeasurementBalance Sheet Classification
Fair Value LevelCost Basis
Unrealized Gains
Fair Value
Cash and Cash EquivalentsShort-term Investments and Marketable Securities
Cash
Level 1$106,338 $— $106,338 $106,338 $— 
Money market fundLevel 112,214 — 12,214 12,214 — 
U.S. Treasury bondsLevel 124,376 26 24,402 — 24,402 
Commercial paperLevel 22,974 3 2,977 — 2,977 
Corporate bondsLevel 213,900 29 13,929 — 13,929 
Total investments$159,802 $58 $159,860 $118,552 $41,308