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Fair Value Measurements (Tables) | 6 Months Ended
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Jun. 30, 2025
Fair Value Measurements |
Schedule of assets and liabilities measured fair value on a recurring basis | The following tables present information about the Company’s financial assets and liabilities that have been measured at fair value and indicate the fair value hierarchy of the valuation inputs utilized to determine such fair value (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | As of June 30, 2025
​ | ​ | Quoted Prices | ​ | Significant | ​ | Significant | ​ | ​
​ | ​ | in Active | ​ | Observable | ​ | Unobservable | ​ | ​
​ | ​ | Markets | ​ | Inputs | ​ | Inputs | ​ | ​
​ |  | (Level 1) |  | (Level 2) |  | (Level 3) |  | Total
Assets: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cash and cash equivalents: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Money market funds | ​ | $ | 35,772 | ​ | $ | — | ​ | $ | — | ​ | $ | 35,772
Reverse repurchase agreements | ​ | ​ | — | ​ | ​ | 8,000 | ​ | ​ | — | ​ | ​ | 8,000
Short-term investments: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Reverse repurchase agreements | ​ | ​ | — | ​ | ​ | 68,000 | ​ | ​ | — | ​ | ​ | 68,000
Treasury notes | ​ | ​ | 64,685 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 64,685
Treasury bills | ​ | ​ | 41,984 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 41,984
Corporate debt securities | ​ | ​ | 8,190 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 8,190
Total | ​ | $ | 150,631 | ​ | $ | 76,000 | ​ | $ | — | ​ | $ | 226,631
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | As of December 31, 2024
​ | ​ | Quoted Prices | ​ | Significant | ​ | Significant | ​ | ​
​ | ​ | in Active | ​ | Observable | ​ | Unobservable | ​ | ​
​ | ​ | Markets | ​ | Inputs | ​ | Inputs | ​ | ​
​ |  | (Level 1) |  | (Level 2) |  | (Level 3) |  | Total
Assets: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cash and cash equivalents: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Money market funds | ​ | $ | 30,610 | ​ | $ | — | ​ | $ | — | ​ | $ | 30,610
Short-term investments: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Treasury notes | ​ | ​ | 129,197 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 129,197
Reverse repurchase agreements | ​ | ​ | — | ​ | ​ | 100,000 | ​ | ​ | — | ​ | ​ | 100,000
Treasury bills | ​ | ​ | 39,115 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 39,115
Total | ​ | $ | 198,922 | ​ | $ | 100,000 | ​ | $ | — | ​ | $ | 298,922

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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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