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Fair Value Measurement (Tables)
3 Months Ended
Mar. 31, 2025
Fair Value Disclosures [Abstract]  
Schedule of Marketable Securities Measured at Fair Value on Recurring Basis
The table below summarizes the fair value of the Company’s marketable securities measured at fair value on a recurring basis based on the three-tier fair value hierarchy:
March 31, 2025
Level 1Level 2Level 3Total
(in thousands)
Marketable securities
Money market funds$34,515 $— $— $34,515 
U.S. treasury securities100,876 — — 100,876 
U.S. agency bonds— 2,351 — 2,351 
Total marketable securities$135,391 $2,351 $— $137,742 
December 31, 2024
Level 1Level 2Level 3Total
(in thousands)
Marketable securities
Money market funds
$27,326 $— $— $27,326 
U.S. treasury securities112,738 — — 112,738 
U.S. agency bonds— 2,356 — 2,356 
Total marketable securities$140,064 $2,356 $— $142,420