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Fair Value of Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2025

Fair Value Disclosures [Abstract]

Summary of Financial Instruments Measured at Fair Value on Recurring Basis by Level Within Fair Value Hierarchy

The following tables summarize the Company's financial instruments measured at fair value on a recurring basis by level within the fair value hierarchy (in thousands):

				September 30, 2025
		Valuation Hierarchy		Amortized Cost				Unrealized Losses				Unrealized Gains				Estimated Fair Value
Assets:
Cash equivalents:
Money market funds		Level 1		$	39,437			$	—			$	—			$	39,437
Commercial paper		Level 2			20,404				—				—				20,404
Total Cash equivalents					59,841				—				—				59,841
Short-term investments:
Corporate debt securities		Level 2		$	128,768			$	(4	)		$	366			$	129,130
Commercial paper		Level 2			18,426				—				—				18,426
Government securities		Level 2			74,554				(2	)			109				74,661
Total short-term investments					221,748				(6	)			475				222,217
Long-term investments:
Corporate debt securities		Level 2		$	13,815			$	—			$	42			$	13,857
Government securities		Level 2			17,539				(2	)			27			$	17,564
Total long-term investments					31,354				(2	)			69				31,421
Total				$	312,943			$	(8	)		$	544			$	313,479

				December 31, 2024
		Valuation Hierarchy		Amortized Cost				Unrealized Losses				Unrealized Gains				Estimated Fair Value
Assets:
Cash equivalents:
Money market funds		Level 1		$	25,617			$	—			$	—			$	25,617
Commercial paper		Level 2			1,395				—				—				1,395
Government securities		Level 2			300				—				—				300
Total cash equivalents					27,312				—				—				27,312
Short-term investments:
Corporate debt securities		Level 2		$	124,283			$	(38	)		$	303			$	124,548
Commercial paper		Level 2			22,820				—				—				22,820
Government securities		Level 2			92,013				(17	)			117				92,113
Total short-term investments					239,116				(55	)			420				239,481
Long-term investments:
Corporate debt securities		Level 2		$	85,992			$	(62	)		$	332			$	86,262
Government securities		Level 2			24,091				(29	)			68				24,130
Total long-term investments					110,083				(91	)			400				110,392
Commercial paper		Level 2			1,395				—				—				1,395
Total				$	376,511			$	(146	)		$	820			$	377,185

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- Definition

Tabular disclosure of financial instrument measured at fair value on recurring or nonrecurring basis. Includes, but is not limited to, instrument classified in shareholders' equity.

+ 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

Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 100
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482078/820-10-55-100

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-3

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X

- References

No definition available.

+ Details

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