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Cash Equivalents and Marketable Securities (Tables) | 3 Months Ended
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Mar. 31, 2025
Cash Equivalents and Marketable Securities [Abstract] |
Summary of Amortized Cost and Fair Value of Cash Equivalents and Marketable Securities by Major Investment Category | The following tables summarize the amortized cost and fair value of the Company’s cash equivalents and marketable securities by major investment category for the periods indicated:
|  | March 31, 2025 |
|  | Amortized Cost |  |  | Gross Unrealized Gain |  |  | Gross Unrealized Loss |  |  | Estimated Fair Value |
|  | (in thousands) |
Cash equivalents: |  |  |  |  |  |  |  |  |  |  |  |
Money market funds |  | $ | 76,347 |  |  | $ | — |  |  | $ | — |  |  | $ | 76,347 |
Total cash equivalents |  | $ | 76,347 |  |  | $ | — |  |  | $ | — |  |  | $ | 76,347 |
Marketable securities: |  |  |  |  |  |  |  |  |  |  |  |
Commercial paper |  |  | 80,630 |  |  |  | 4 |  |  |  | (7 | ) |  |  | 80,627 |
Certificates of deposit |  |  | 607 |  |  |  | — |  |  |  | — |  |  |  | 607 |
U.S. government securities |  |  | 26,969 |  |  |  | 1 |  |  |  | — |  |  |  | 26,970 |
Corporate debt securities |  |  | 14,290 |  |  |  | 2 |  |  |  | (3 | ) |  |  | 14,289 |
Total marketable securities |  |  | 122,496 |  |  |  | 7 |  |  |  | (10 | ) |  |  | 122,493 |
Total cash equivalents and marketable securities |  | $ | 198,843 |  |  | $ | 7 |  |  | $ | (10 | ) |  | $ | 198,840 |
|  | December 31, 2024 |
|  | Amortized Cost |  |  | Gross Unrealized Gain |  |  | Gross Unrealized Loss |  |  | Estimated Fair Value |
|  | (in thousands) |
Cash equivalents: |  |  |  |  |  |  |  |  |  |  |  |
Money market funds |  | $ | 94,411 |  |  | $ | — |  |  | $ | — |  |  | $ | 94,411 |
Commercial paper |  |  | 30,875 |  |  |  | 6 |  |  |  | — |  |  |  | 30,881 |
Total cash equivalents |  | $ | 125,286 |  |  | $ | 6 |  |  | $ | — |  |  | $ | 125,292 |
Marketable securities: |  |  |  |  |  |  |  |  |  |  |  |
Commercial paper |  | $ | 61,374 |  |  | $ | 11 |  |  | $ | (2 | ) |  | $ | 61,383 |
Certificates of deposit |  | $ | 1,918 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,918 |
U.S. government securities |  |  | 74,411 |  |  |  | 36 |  |  |  | (3 | ) |  |  | 74,444 |
Corporate debt securities |  |  | 27,671 |  |  |  | 17 |  |  |  | (3 | ) |  |  | 27,685 |
Total marketable securities |  |  | 165,374 |  |  |  | 64 |  |  |  | (8 | ) |  |  | 165,430 |
Total cash equivalents and marketable securities |  | $ | 290,660 |  |  | $ | 70 |  |  | $ | (8 | ) |  | $ | 290,722 |

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- Definition Cash equivalents and marketable securities. + References No definition available. + Details
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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. + Details
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