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FAIR VALUE MEASUREMENTS (Tables)

6 Months Ended

Jun. 30, 2025

Fair Value Disclosures [Abstract]

Schedule of Fair Value, Assets Measured on Recurring Basis

The following tables summarize the Company’s financial assets measured at fair value on a recurring basis by level within the fair value hierarchy (in thousands):


			As of
			June 30, 2025
			Level 1						Level 2						Level 3						Fair Value
Assets:
Cash equivalents:
Money market funds			$	11,845					$	—					$	—					$	11,845
U.S. treasury securities			—						1,597						—						1,597
Total cash equivalents			11,845						1,597						—						13,442
Short-term investments:
Corporate bonds			—						3,562						—						3,562
U.S. government agency securities			—						12,796						—						12,796
U.S. treasury securities			—						5,499						—						5,499
Total short-term investments			—						21,857						—						21,857
Long-term investments:
Corporate bonds			—						15,073						—						15,073
U.S. government agency securities			—						832						—						832
Total long-term investments			—						15,905						—						15,905
Total financial assets			$	11,845					$	39,359					$	—					$	51,204


			As of
			December 31, 2024
			Level 1						Level 2						Level 3						Fair Value
Assets:
Cash equivalents:
Money market funds			$	10,410					$	—					$	—					$	10,410
Total cash equivalents			10,410						—						—						10,410
Short-term investments:
Corporate bonds			—						5,542						—						5,542
U.S. government agency securities			—						14,850						—						14,850
U.S. treasury securities			—						9,765						—						9,765
Total short-term investments			—						30,157						—						30,157
Long-term investments:
Corporate bonds			—						2,620						—						2,620
U.S. treasury securities			—						1,988						—						1,988
U.S. government agency securities			—						3,896						—						3,896
Total long-term investments			—						8,504						—						8,504
Total financial assets			$	10,410					$	38,661					$	—					$	49,071