Cash and Cash Equivalents, Investments and Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2025

Cash and Cash Equivalents [Abstract]

Schedule of Cash, Cash Equivalents and Investments

The following tables present our cash and cash equivalents, and investments’ fair value level classification, adjusted cost, unrealized gain, unrealized loss and fair value as of September 30, 2025 and December 31, 2024 (in thousands):


	September 30, 2025
	Fair Value Level	Adjusted Cost		Unrealized Gain		Unrealized Loss		Fair Value
Cash and cash equivalents:
Cash		$	25,699	$	—	$	—	$	25,699

Money market funds	Level 1	12,481		—		—		12,481

Total cash and cash equivalents		$	38,180	$	—	$	—	$	38,180
Short-term investments:
Corporate debt securities	Level 2	$	57,988	$	221	$	—	$	58,209
Long-term investments:
Corporate debt securities	Level 2	$	15,164	$	113	$	—	$	15,277


	December 31, 2024
	Fair Value Level	Adjusted Cost		Unrealized Gain		Unrealized Loss		Fair Value
Cash and cash equivalents:
Cash		$	28,716	$	—	$	—	$	28,716
Money market funds	Level 1	132,759		—		—		132,759

Total cash and cash equivalents		$	161,475	$	—	$	—	$	161,475
Short-term investments:

Corporate debt securities	Level 2	$	113,968	$	157	$	(29)	$	114,096
U.S. treasury securities	Level 1	40,162		—		(9)		40,153
Total short-term investments		$	154,130	$	157	$	(38)	$	154,249
Long-term investments:
Corporate debt securities	Level 2	$	133,516	$	736	$	(78)	$	134,174
U.S. treasury securities	Level 1	78,405		97		(26)		78,476

Total long-term investments		$	211,921	$	833	$	(104)	$	212,650

Schedule of Available-for-sale Securities Reconciliation

The following table presents our cash equivalents and investments' adjusted cost and fair value by contractual maturity as of September 30, 2025 (in thousands):


	Adjusted Cost		Fair Value
Due within one year	$	57,988	$	58,209
Due after one year through three years	15,164		15,277
Investments not due at a single maturity date	12,481		12,481
Total	$	85,633	$	85,967