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Fair Value Measurements and Marketable Securities Available-for-Sale (Tables)

6 Months Ended

Jun. 30, 2026

Fair Value Disclosures [Abstract]

Schedule of Marketable securities Measured at Fair Value on Recurring Basis

		June 30, 2026
		Total				Level 1				Level 2				Level 3
		(In thousands)
Financial assets:
Cash equivalents:
Money market funds		$	20,348			$	20,348			$	—			$	—
			20,348				20,348				—				—
Marketable securities:
Certificate of deposits			2,890				—				2,890				—
Commercial paper			10,633				—				10,633				—
U.S. government and government agency securities			298,423				—				298,423				—
Corporate bonds			90,406				—				90,406				—
			402,352				—				402,352				—
Total financial assets:		$	422,700			$	20,348			$	402,352			$	—

		December 31, 2025
		Total				Level 1				Level 2				Level 3
		(In thousands)
Financial assets:
Cash equivalents:
Money market funds		$	52,339			$	52,339			$	—			$	—
U.S. government and government agency securities			43,990				—				43,990				—
			96,329				52,339				43,990				—
Marketable securities:
Certificate of deposits			3,918				—				3,918				—
Commercial paper			5,158				—				5,158				—
U.S. government and government agency securities			226,777				—				226,777				—
Corporate bonds			129,272				—				129,272				—
			365,125				—				365,125				—
Total financial assets:		$	461,454			$	52,339			$	409,115			$	—
Financial liabilities:
Warrants		$	2,865			$	2,865			$	—			$	—

Schedule of Cost, Aggregate Fair Value and Unrealized Gains of Marketable Securities Available-for-sale

The following table provides the amortized cost, aggregate fair value, and unrealized gains (losses) of marketable securities as of June 30, 2026 and December 31, 2025:

		June 30, 2026
		Amortized Cost				Unrealized Gains				Unrealized Losses				Fair Value
		(In thousands)
Cash equivalents:
Money market funds		$	20,348			$	—			$	—			$	20,348
			20,348				—				—				20,348
Marketable securities:
Certificate of deposits			2,888				2				—				2,890
Commercial paper			10,643				1				(11	)			10,633
U.S. government and government agency securities			299,198				18				(793	)			298,423
Corporate bonds			90,529				13				(136	)			90,406
			403,258				34				(940	)			402,352
		$	423,606			$	34			$	(940	)		$	422,700

		December 31, 2025
		Amortized Cost				Unrealized Gains				Unrealized Losses				Fair Value
		(In thousands)
Cash equivalents:
Money market funds		$	52,339			$	—			$	—			$	52,339
U.S. government and government agency securities			43,985				5				—				43,990
			96,324				5				—				96,329
Marketable securities:
Certificate of deposits			3,909				9				—				3,918
Commercial paper			5,154				4				—				5,158
U.S. government and government agency securities			226,247				530				—				226,777
Corporate bonds			129,044				249				(21	)			129,272
			364,354				792				(21	)			365,125
		$	460,678			$	797			$	(21	)		$	461,454

Schedule of Net Realized Gain (Loss) on Marketable Securities

For the three and six months ended June 30, 2026 and 2025, there were no unrealized gains or losses on equity securities. The activity related to the net gains (losses) on marketable securities included in other income (expense) on the consolidated statements of operations and comprehensive loss were as follows (in thousands):

		For the three months ended June 30,								For the six months ended June 30,
		2026				2025				2026				2025
Net realized gains (losses) on available-for-sale securities were as follows:
Realized gains from sales of available-for-sale securities		$	20			$	—			$	28			$	3
Realized losses from sales of available-for-sale securities			(11	)			(1	)			(11	)			(1	)
Net gains (losses) on marketable securities		$	9			$	(1	)		$	17			$	2

Schedule of Marketable Securities with Continuous Unrealized Losses

The following tables provide marketable securities with continuous unrealized losses for less than 12 months and 12 months or greater and the related fair values as of June 30, 2026 and December 31, 2025 were as follows:

		June 30, 2026
		Less than 12 Months								12 Months or Greater								Total				Total
		Fair Value				Unrealized Losses				Fair Value				Unrealized Losses				Fair Value				Unrealized Losses
		(In thousands)
Commercial paper		$	9,375			$	(11	)		$	—			$	—			$	9,375			$	(11	)
U.S. government and government agency securities			226,327				(793	)			—				—				226,327				(793	)
Corporate bonds			66,182				(136	)			—				—				66,182				(136	)
		$	301,884			$	(940	)		$	—			$	—			$	301,884			$	(940	)

		December 31, 2025
		Less than 12 Months								12 Months or Greater								Total				Total
		Fair Value				Unrealized Losses				Fair Value				Unrealized Losses				Fair Value				Unrealized Losses
		(In thousands)
Corporate bonds		$	18,157			$	(21	)		$	—			$	—			$	18,157			$	(21	)
		$	18,157			$	(21	)		$	—			$	—			$	18,157			$	(21	)

Schedule Of Available for sale Securities Maturity On Fair Value

Maturity information based on fair value is as follows as of June 30, 2026:

		Within one year				After one year through five years				Total
		(In thousands)
Certificate of deposits		$	2,890			$	—			$	2,890
Commercial paper			10,633				—				10,633
U.S. government and government agency securities			250,357				48,066				298,423
Corporate bonds			40,182				50,224				90,406
		$	304,062			$	98,290			$	402,352

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