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FAIR VALUE MEASUREMENTS (Tables) | 6 Months Ended
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Jun. 30, 2025
Fair Value Disclosures [Abstract] |
Schedule of Fair Value of Financial Assets Measured on a Recurring Basis | The following table sets forth the fair value of our financial assets that are measured or disclosed on a recurring basis by level within the fair value hierarchy:
| June 30, 2025 |  | December 31, 2024
(in thousands) | Total Fair Value |  | Level 1 |  | Level 2 |  | Level 3 |  | Total Fair Value |  | Level 1 |  | Level 2 |  | Level 3
Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Money market funds | $ | 72,376 |  |  | $ | 72,376 |  |  | $ | — |  |  | $ | — |  |  | $ | 48,650 |  |  | $ | 48,650 |  |  | $ | — |  |  | $ | — |
U.S. treasury securities | 57,716 |  |  | — |  |  | 57,716 |  |  | — |  |  | 79,773 |  |  | — |  |  | 79,773 |  |  | — |
U.S. government-sponsored agency bonds | 37,381 |  |  | — |  |  | 37,381 |  |  | — |  |  | 45,962 |  |  | — |  |  | 45,962 |  |  | — |
Commercial paper | 26,673 |  |  | — |  |  | 26,673 |  |  | — |  |  | 37,065 |  |  | — |  |  | 37,065 |  |  | — |
Corporate bonds | 20,882 |  |  | — |  |  | 20,882 |  |  | — |  |  | 17,413 |  |  | — |  |  | 17,413 |  |  | — |
Asset-backed securities | 5,755 |  |  | — |  |  | 5,755 |  |  | — |  |  | 2,985 |  |  | — |  |  | 2,985 |  |  | — |
Yankee bonds | — |  |  | — |  |  | — |  |  | — |  |  | 1,970 |  |  | — |  |  | 1,970 |  |  | — |
Total | $ | 220,783 |  |  | $ | 72,376 |  |  | $ | 148,407 |  |  | $ | — |  |  | $ | 233,818 |  |  | $ | 48,650 |  |  | $ | 185,168 |  |  | $ | — |

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- Definition Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
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