XML 33 R27.htm IDEA: XBRL DOCUMENT v3.25.3
Fair Value Measurements (Tables)
9 Months Ended
Sep. 30, 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):

 

 

 

 

 

September 30, 2025

 

 

 

Valuation
Hierarchy

 

Amortized
Costs

 

 

Gross
Unrealized
Holding
Gains

 

 

Gross
Unrealized
Holding
Losses

 

 

Aggregate
Fair Value

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash equivalents:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

Level 1

 

$

24,363

 

 

$

 

 

$

 

 

$

24,363

 

Short-term investments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Treasury securities

 

Level 1

 

 

86,748

 

 

 

81

 

 

 

(6

)

 

 

86,823

 

Corporate debt

 

Level 2

 

 

48,287

 

 

 

75

 

 

 

(3

)

 

 

48,359

 

Commercial paper

 

Level 2

 

 

3,911

 

 

 

5

 

 

 

 

 

 

3,916

 

Foreign entity bond

 

Level 2

 

 

3,098

 

 

 

5

 

 

 

 

 

 

3,103

 

Total cash equivalents and
   short-term investments

 

 

 

$

166,407

 

 

$

166

 

 

$

(9

)

 

$

166,564

 

 

 

 

 

 

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