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Fair Value Measurement (Tables)

9 Months Ended

Sep. 30, 2025

Fair Value Disclosures [Abstract]

Schedule of Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis

			September 30, 2025
(in thousands)		Level 1					Level 2					Level 3					Total
Financial Assets
Cash		$		8,937			$		—			$		—			$		8,937
Money market funds				19,477					—					—					19,477
Commercial paper				—					78,470					—					78,470
Corporate bonds				—					52,958					—					52,958
U.S. government treasury bills				162,296					—					—					162,296
Government-sponsored enterprise securities				—					6,933					—					6,933
Total		$		190,710			$		138,361			$		—			$		329,071

			December 31, 2024
(in thousands)		Level 1					Level 2					Level 3					Total
Financial Assets
Cash		$		6,489			$		—			$		—			$		6,489
Money market funds				118,955					—					—					118,955
Commercial paper				—					109,432					—					109,432
Corporate bonds				—					43,409										43,409
U.S. government treasury bills				144,741					—					—					144,741
Government-sponsored enterprise securities				—					11,714					—					11,714
Total		$		270,185			$		164,555			$		—			$		434,740

Schedule of Financial Assets Reconciliation

		September 30, 2025
							Gross					Gross
		Amortized					Unrealized					Unrealized					Estimated
(in thousands)		Cost					Gains					Losses					Fair Value
Financial Assets
Cash and cash equivalents		$		35,370			$		1			$		—			$		35,371
Short-term marketable securities (<12 months to maturity)				238,328					290					(10	)				238,608
Long-term marketable securities (>12 months to maturity)				54,847					247					(2	)				55,092
Total		$		328,545			$		538			$		(12	)		$		329,071

		December 31, 2024
							Gross					Gross
		Amortized					Unrealized					Unrealized					Estimated
(in thousands)		Cost					Gains					Losses					Fair Value
Financial Assets
Cash and cash equivalents		$		142,706			$		4			$		—			$		142,710
Short-term marketable securities (<12 months to maturity)				219,062					185					(57	)				219,190
Long-term marketable securities (>12 months to maturity)				72,829					53					(42	)				72,840
Total		$		434,597			$		242			$		(99	)		$		434,740

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- References

No definition available.

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- Definition

Tabular disclosure of the reconciliation of available-for-sale securities from cost basis to fair value.

+ References

No definition available.

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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

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