XML 38 R27.htm IDEA: XBRL DOCUMENT
v3.25.1

Cash, Cash Equivalents, and Financial Instruments (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2025
Cash and Cash Equivalents [Abstract] |
Schedule of Cash, Cash Equivalents and Investments | The following table shows the Company’s cash, cash equivalents, and marketable securities by significant investment category as of March 31, 2025 and December 31, 2024:
|  | As of March 31, 2025
|  | Adjusted Cost |  |  |  | Total Unrealized Gains |  |  |  | Fair Value |  | Cash and Cash Equivalents |  | Marketable Securities
(in thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash |  | $ | 126,787 |  |  |  |  | $ | — |  |  |  |  | $ | 126,787 |  |  | $ | 126,787 |  |  | $ | — |
Level 1: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Money market funds |  | 125,354 |  |  |  |  | — |  |  |  |  | 125,354 |  |  | 125,354 |  |  | — |
Level 2: |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. treasury securities |  | 104,013 |  |  |  |  | 514 |  |  |  |  | 104,527 |  |  | — |  |  | 104,527 |
Total |  | $ | 356,154 |  |  |  |  | $ | 514 |  |  |  |  | $ | 356,668 |  |  | $ | 252,141 |  |  | $ | 104,527 |
|  | As of December 31, 2024
|  | Adjusted Cost |  |  |  | Total Unrealized Gains |  |  |  | Fair Value |  | Cash and Cash Equivalents |  | Marketable Securities
(in thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash |  | $ | 161,248 |  |  |  |  | $ | — |  |  |  |  | $ | 161,248 |  |  | $ | 161,248 |  |  | $ | — |
Level 1: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Money market funds |  | 70,892 |  |  |  |  | — |  |  |  |  | 70,892 |  |  | 70,892 |  |  | — |
Level 2: |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. treasury securities |  | 104,413 |  |  |  |  | 361 |  |  |  |  | 104,774 |  |  | — |  |  | 104,774 |
Total |  | $ | 336,553 |  |  |  |  | $ | 361 |  |  |  |  | $ | 336,914 |  |  | $ | 232,140 |  |  | $ | 104,774 |

X
- References No definition available. + Details
Name: | us-gaap_CashAndCashEquivalentsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of cash, cash equivalents, and investments. + References No definition available. + Details
Name: | us-gaap_ScheduleOfCashCashEquivalentsAndShortTermInvestmentsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration