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Marketable Securities and Fair Value Measurements (Tables) | 12 Months Ended
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Dec. 31, 2024
Available-for-Sale Marketable Securities and Fair Value Measurements [Abstract] |
Schedule of Fair Value Measurements on Cash Equivalents and Marketable Securities | The fair value measurements of the Company’s cash equivalents and marketable securities are identified at the following levels within the fair value hierarchy (in thousands):
|  | As of December 31, 2024 |
|  |  |  |  | Fair Value Measurement |
|  | Total |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
Cash equivalents: |  |  |  |  |  |  |  |  |  |  |  |
Money market funds |  | $ | 141,779 |  |  | $ | 141,779 |  |  | $ | — |  |  | $ | — |
Commercial paper |  |  | 82,527 |  |  |  | — |  |  |  | 82,527 |  |  |  | — |
U.S. government agency securities |  |  | 8,059 |  |  |  | — |  |  |  | 8,059 |  |  |  | — |
Marketable securities, current: |  |  |  |  |  |  |  |  |  |  |  |
U.S. treasury securities |  |  | 73,555 |  |  |  | — |  |  |  | 73,555 |  |  |  | — |
Commercial paper |  |  | 23,487 |  |  |  | — |  |  |  | 23,487 |  |  |  | — |
U.S. government agency securities |  |  | 14,193 |  |  |  | — |  |  |  | 14,193 |  |  |  | — |
Corporate debt securities |  |  | 1,492 |  |  |  | — |  |  |  | 1,492 |  |  |  | — |
Marketable securities, non-current: |  |  |  |  |  |  |  |  |  |  |  |
U.S. treasury securities |  |  | 65,406 |  |  |  | — |  |  |  | 65,406 |  |  |  | — |
U.S. government agency securities |  |  | 2,514 |  |  |  | — |  |  |  | 2,514 |  |  |  | — |
Corporate debt securities |  |  | 1,946 |  |  |  | — |  |  |  | 1,946 |  |  |  | — |
Total measured at fair value |  | $ | 414,958 |  |  | $ | 141,779 |  |  | $ | 273,179 |  |  | $ | — |
|  | As of December 31, 2023 |
|  |  |  |  | Fair Value Measurement |
|  | Total |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
Cash equivalents: |  |  |  |  |  |  |  |  |  |  |  |
Money market funds |  | $ | 86,574 |  |  | $ | 86,574 |  |  | $ | — |  |  | $ | — |
Total measured at fair value |  | $ | 86,574 |  |  | $ | 86,574 |  |  | $ | — |  |  | $ | — |
Summary of Marketable Securities by Major Type of Security | As of December 31, 2024, the following table summarizes the amortized cost and the unrealized gains (losses) of the marketable securities presented within marketable securities, marketable securities, non-current and cash equivalents (in thousands):
|  | Remaining Contractual Maturity (in years) |  | Amortized Cost |  |  | Unrealized Gains |  |  | Unrealized Losses |  |  | Aggregate Estimated Fair Value |
Commercial paper |  | Less than 1 |  | $ | 106,017 |  |  | $ | 6 |  |  | $ | (9 | ) |  | $ | 106,014 |
U.S. treasury securities |  | Less than 1 |  |  | 73,511 |  |  |  | 44 |  |  |  | — |  |  |  | 73,555 |
U.S. government agency securities |  | Less than 1 |  |  | 22,245 |  |  |  | 10 |  |  |  | (3 | ) |  |  | 22,252 |
Corporate securities |  | Less than 1 |  |  | 1,491 |  |  |  | 1 |  |  |  | — |  |  |  | 1,492 |
Total maturity less than 1 year |  |  |  |  | 203,264 |  |  |  | 61 |  |  |  | (12 | ) |  |  | 203,313 |
U.S. treasury securities |  | 1 to 5 |  |  | 65,427 |  |  |  | 37 |  |  |  | (58 | ) |  |  | 65,406 |
U.S. government agency securities |  | 1 to 5 |  |  | 2,492 |  |  |  | 22 |  |  |  | — |  |  |  | 2,514 |
Corporate securities |  | 1 to 5 |  |  | 1,940 |  |  |  | 7 |  |  |  | (1 | ) |  |  | 1,946 |
Total |  |  |  | $ | 273,123 |  |  | $ | 127 |  |  | $ | (71 | ) |  | $ | 273,179 |
Schedule of Unrealized Loss Positions of Marketable Securities | As of December 31, 2024, the following table summarizes marketable securities in an unrealized loss position (in thousands):
|  | Less than 12 Months |
|  | Fair Value |  |  | Gross Unrealized Loss |
Corporate securities |  | $ | 987 |  |  | $ | (1 | )
Commercial paper |  |  | 70,172 |  |  |  | (9 | )
U.S. government agency securities |  |  | 6,469 |  |  |  | (3 | )
U.S. treasury securities |  |  | 52,508 |  |  |  | (58 | )
Total |  | $ | 130,136 |  |  | $ | (71 | )

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