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Fair Value Measurements
 6 Months Ended
Jun. 30, 2025
Fair Value Disclosures [Abstract]  
Fair Value Measurements Fair Value Measurements
Assets measured at fair value on a recurring basis as of June 30, 2025 were as follows (in thousands):
June 30,
2025		Quoted Prices
in Active
Markets for
Identical Assets
(Level 1)		Significant
Other
Observable
Inputs
(Level 2)		Significant
Unobservable
Inputs
(Level 3)
Cash equivalents:
Money market funds$138,542 $138,542 $— $— 
Marketable securities:
U.S. Treasuries39,959 39,959 — — 
Restricted cash and other non-current assets:
Money market funds3,877 3,877 — — 
Total financial assets$182,378 $182,378 $— $— 
Assets measured at fair value on a recurring basis as of December 31, 2024 were as follows (in thousands):
December 31,
2024		Quoted Prices
in Active
Markets for
Identical Assets
(Level 1)		Significant
Other
Observable
Inputs
(Level 2)		Significant
Unobservable
Inputs
(Level 3)
Cash equivalents:
Money market funds$131,541 $131,541 $— $— 
Marketable securities:
Corporate notes/bonds6,501 — 6,501 — 
U.S. Treasuries131,871 131,871 — — 
Restricted cash and other non-current assets:
Money market funds3,877 3,877 — — 
Total financial assets$273,790 $267,289 $6,501 $— 
The fair value of the Company’s liability for sale of future revenues approximates the amount recorded on the Company’s balance sheet as of June 30, 2025 and December 31, 2024, which represents a level 3 fair value measurement.