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Fair Value Measurements and Investments (Tables) | 6 Months Ended
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Jun. 30, 2025
Fair Value Disclosures [Abstract] |
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis | The following tables present the Company’s fair value hierarchy for its assets that are measured at fair value on a recurring basis and indicate the level of the fair value hierarchy utilized to determine such fair value:
|  | As of June 30, 2025:
(in thousands) |  | Level 1 |  | Level 2 |  | Level 3 |  | Total
Cash equivalents: |  |  |  |  |  |  |  |
Money market funds |  | $ | — |  |  | $ | 40,748 |  |  | $ | — |  |  | $ | 40,748 |
Corporate debt securities |  | — |  |  | 6,776 |  |  | — |  |  | 6,776 |
U.S. Treasury and government securities |  | — |  |  | 5,216 |  |  | — |  |  | 5,216 |
Short-term investments: |  |  |  |  |  |  |  |
U.S. Treasury and government securities |  | — |  |  | 36,347 |  |  | — |  |  | 36,347 |
Corporate debt securities |  | — |  |  | 8,192 |  |  | — |  |  | 8,192 |
Related party short-term investment: |  |  |  |  |  |  |  |
Beam equity securities |  | 3,407 |  |  | — |  |  | — |  |  | 3,407 |
Total cash equivalents and investments |  | $ | 3,407 |  |  | $ | 97,279 |  |  | $ | — |  |  | $ | 100,686 |
|  | As of December 31, 2024:
(in thousands) |  | Level 1 |  | Level 2 |  | Level 3 |  | Total
Cash equivalents: |  |  |  |  |  |  |  |
Money market funds |  | $ | — |  |  | $ | 178,212 |  |  | $ | — |  |  | $ | 178,212 |
Corporate debt securities |  | — |  |  | 3,793 |  |  | — |  |  | 3,793 |
Short-term investment: |  |  |  |  |  |  |  |
U.S. Treasury and government securities |  | — |  |  | 2,998 |  |  | — |  |  | 2,998 |
Related party short-term investment: |  |  |  |  |  |  |  |
Beam equity securities |  | 4,968 |  |  | — |  |  | — |  |  | 4,968 |
Total cash equivalents and investments |  | $ | 4,968 |  |  | $ | 185,003 |  |  | $ | — |  |  | $ | 189,971 |
Schedule of Debt Securities, Available-for-Sale | Unrealized gains and losses of investments in debt securities consisted of the following:
|  | As of June 30, 2025:
(in thousands) |  | Amortized Cost |  | Unrealized Gains |  | Unrealized Losses |  | Fair Value
Short-term investments in debt securities: |  |  |  |  |  |  |  |
U.S. Treasury and government securities |  | $ | 36,355 |  |  | $ | — |  |  | $ | (8) |  |  | $ | 36,347 |
Corporate debt securities |  | 8,194 |  |  | — |  |  | (2) |  |  | 8,192 |
Total short-term investments in debt securities |  | $ | 44,549 |  |  | $ | — |  |  | $ | (10) |  |  | $ | 44,539 |
|  | As of December 31, 2024:
(in thousands) |  | Amortized Cost |  | Unrealized Gains |  | Unrealized Losses |  | Fair Value
Short-term investments: |  |  |  |  |  |  |  |
U.S. Treasury and government securities |  | $ | 2,997 |  |  | $ | 1 |  |  | $ | — |  |  | $ | 2,998 |
Total short-term investments in debt securities |  | $ | 2,997 |  |  | $ | 1 |  |  | $ | — |  |  | $ | 2,998 |
Marketable securities in unrealized loss positions consisted of the following:
|  | As of June 30, 2025:
(in thousands, except number of securities) |  | Number of Securities |  | Fair Value |  | Gross Unrealized Losses
Investments in continuous loss position for less than 12 months: |  |  |  |  |  |
U.S. Treasury and government securities |  | 12 |  |  | $ | 36,347 |  |  | $ | (8) |
Corporate debt securities |  | 9 |  |  | $ | 8,192 |  |  | $ | (2) |
Schedule of Investments Classified by Contractual Maturity Date | The contractual maturities of the Company’s investments in debt securities were as follows:
(in thousands) |  | June 30, 2025 |  | December 31, 2024
Due within one year |  | $ | 44,539 |  |  | $ | 2,998 |

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- Definition Tabular disclosure of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-9 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-3 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-2 Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-2 Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-2 Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (aa) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-2 Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (aaa) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-2 Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-2 Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-3 Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-3 Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-3 Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-3 + Details
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- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, 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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