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Marketable Securities (Tables)

6 Months Ended

Jun. 30, 2025

Marketable Securities [Abstract]

Schedule of Marketable Securities

Marketable securities consisted of the following as of the periods presented (in thousands):

			June 30, 2025
			Amortized Cost						Gross Unrealized Gains						Gross Unrealized Losses						Fair Value
Marketable securities
U.S. Treasury securities			$	141,792					$	115					$	(79)					$	141,828
Total marketable securities			$	141,792					$	115					$	(79)					$	141,828

    

			December 31, 2024
			Amortized Cost						Gross Unrealized Gains						Gross Unrealized Losses						Fair Value
Marketable securities
U.S. Treasury securities			$	167,651					$	244					$	(92)					$	167,803
Total marketable securities			$	167,651					$	244					$	(92)					$	167,803

Schedule of Marketable Securities in an Unrealized Loss Position

Marketable securities that have been in a continuous unrealized loss position consisted of the following as of the periods presented (in thousands):

			June 30, 2025
			Less Than 12 Months												12 Months or More												Total
			Fair Value						Gross Unrealized Loss						Fair Value						Gross Unrealized Loss						Fair Value						Gross Unrealized Loss
U.S. Treasury securities			$	72,284					$	(79)					$	—					$	—					$	72,284					$	(79)
Total			$	72,284					$	(79)					$	—					$	—					$	72,284					$	(79)

			December 31, 2024
			Less Than 12 Months												12 Months or More												Total
			Fair Value						Gross Unrealized Loss						Fair Value						Gross Unrealized Loss						Fair Value						Gross Unrealized Loss
U.S. Treasury securities			$	25,785					$	(92)					$	—					$	—					$	25,785					$	(92)
Total			$	25,785					$	(92)					$	—					$	—					$	25,785					$	(92)

Schedule of Remaining Contractual Maturities of Marketable Securities

The following summarizes the remaining contractual maturities of the Company’s marketable securities as of June 30, 2025 (in thousands):

			Fair Value
One year or less			$	114,885
Over one year through three years			26,943
Total marketable securities			$	141,828

X

- Definition

Tabular disclosure of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale).

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