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Fair Value Measurements (Tables) | 3 Months Ended
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Mar. 31, 2025
Fair Value Disclosures [Abstract] |
Summary of Financial Assets Measured at Fair Value on Recurring Basis by Level within Fair Value Hierarchy | 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):
|  |  |  | March 31, 2025 |
|  | Valuation Hierarchy |  | Amortized Costs |  |  | Gross Unrealized Holding Gains |  |  | Gross Unrealized Holding Losses |  |  | Aggregate Fair Value |
Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash equivalents: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Money market funds |  | Level 1 |  | $ | 55,927 |  |  | $ | — |  |  | $ | — |  |  | $ | 55,927 |
U.S. Treasury securities |  | Level 1 |  |  | 1,996 |  |  |  | — |  |  |  | — |  |  |  | 1,996 |
Corporate debt |  | Level 2 |  |  | 1,820 |  |  |  | — |  |  |  | — |  |  |  | 1,820 |
Short-term investments: |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Treasury securities |  | Level 1 |  |  | 53,865 |  |  |  | 48 |  |  |  | — |  |  |  | 53,913 |
U.S. government-sponsored enterprises debt securities |  | Level 2 |  |  | 3,999 |  |  |  | 3 |  |  |  | — |  |  |  | 4,002 |
Corporate debt |  | Level 2 |  |  | 53,199 |  |  |  | 34 |  |  |  | (1 | ) |  |  | 53,232 |
Commercial paper |  | Level 2 |  |  | 1,923 |  |  |  | 4 |  |  |  | — |  |  |  | 1,927 |
Total cash equivalents and short-term investments |  |  |  | $ | 172,729 |  |  | $ | 89 |  |  | $ | (1 | ) |  | $ | 172,817 |
|  |  |  | December 31, 2024 |
|  | Valuation Hierarchy |  | Amortized Costs |  |  | Gross Unrealized Holding Gains |  |  | Gross Unrealized Holding Losses |  |  | Aggregate Fair Value |
Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash equivalents: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Money market funds |  | Level 1 |  | $ | 110,979 |  |  | $ | — |  |  | $ | — |  |  | $ | 110,979 |
Short-term investments: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Corporate debt |  | Level 2 |  |  | 34,629 |  |  |  | 43 |  |  |  | (1 | ) |  |  | 34,671 |
Total cash equivalents and short-term investments |  |  |  | $ | 145,608 |  |  | $ | 43 |  |  | $ | (1 | ) |  | $ | 145,650 |
Schedule of breakdown of the available-for-sale debt securities with unrealized losses Table Text Block | The following tables present the breakdown of the available-for-sale debt securities with unrealized losses as of March 31, 2025, and December 31, 2024 (in thousands):
|  | March 31, 2025 |
|  | Unrealized losses less than 12 months |  |  | Unrealized losses 12 months or greater |  |  | Total |
|  | Fair Value |  |  | Unrealized Losses |  |  | Fair Value |  |  | Unrealized Losses |  |  | Fair Value |  |  | Unrealized Losses |
Corporate debt |  | $ | 10,517 |  |  | $ | (1 | ) |  | $ | — |  |  | $ | — |  |  | $ | 10,517 |  |  | $ | (1 | )
Total |  | $ | 10,517 |  |  | $ | (1 | ) |  | $ | — |  |  | $ | — |  |  | $ | 10,517 |  |  | $ | (1 | )
|  | December 31, 2024 |
|  | Unrealized losses less than 12 months |  |  | Unrealized losses 12 months or greater |  |  | Total |
|  | Fair Value |  |  | Unrealized Losses |  |  | Fair Value |  |  | Unrealized Losses |  |  | Fair Value |  |  | Unrealized Losses |
Corporate debt |  |  | 2,994 |  |  |  | (1 | ) |  |  | — |  |  |  | — |  |  |  | 2,994 |  |  |  | (1 | )
Total |  | $ | 2,994 |  |  | $ | (1 | ) |  | $ | — |  |  | $ | — |  |  | $ | 2,994 |  |  | $ | (1 | )

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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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