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Fair Value Measurements (Tables) | 3 Months Ended
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Mar. 31, 2025
Fair Value Disclosures [Abstract] |
Schedule of Financial Assets Measured at Fair Value on Recurring Basis and Level of Fair Value Hierarchy Utilized | The following tables present information about the Company’s financial assets measured at fair value on a recurring basis and indicate the level of the fair value hierarchy utilized to determine such fair values (in thousands):
|  | Fair value measurements as of March 31, 2025 |
|  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Cash equivalents: |  |  |  |  |  |  |  |  |  |  |  |
Money market funds |  | $ | 270,159 |  |  | $ | — |  |  | $ | — |  |  | $ | 270,159 |
Total |  | $ | 270,159 |  |  | $ | — |  |  | $ | — |  |  | $ | 270,159 |
Marketable Securities: |  |  |  |  |  |  |  |  |  |  |  |
Corporate bonds |  | $ | — |  |  | $ | 24,446 |  |  | $ | — |  |  | $ | 24,446 |
Commercial paper |  |  | — |  |  |  | 14,775 |  |  |  | — |  |  |  | 14,775 |
US Government debt securities |  |  | — |  |  |  | 66,275 |  |  |  | — |  |  |  | 66,275 |
Total |  | $ | — |  |  | $ | 105,496 |  |  | $ | — |  |  | $ | 105,496 |
|  | Fair value measurements as of December 31, 2024 |
|  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Cash equivalents: |  |  |  |  |  |  |  |  |  |  |  |
Money market funds |  | $ | 122,446 |  |  | $ | — |  |  | $ | — |  |  | $ | 122,446 |
Total |  | $ | 122,446 |  |  | $ | — |  |  | $ | — |  |  | $ | 122,446 |
Marketable Securities: |  |  |  |  |  |  |  |  |  |  |  |
Corporate bonds |  | $ | — |  |  | $ | 18,668 |  |  | $ | — |  |  | $ | 18,668 |
Commercial paper |  |  | — |  |  |  | 6,944 |  |  |  | — |  |  |  | 6,944 |
US Government debt securities |  |  | — |  |  |  | 93,128 |  |  |  | — |  |  |  | 93,128 |
Total |  | $ | — |  |  | $ | 118,740 |  |  | $ | — |  |  | $ | 118,740 |

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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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