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Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2025

Fair Value Disclosures [Abstract]

Schedule of the Company’s Assets and Liabilities that are Measured and Recognized at Fair Value on a Recurring Basis Classified Under the Appropriate Level of the Fair Value Hierarchy

The following table presents the Company’s assets and liabilities that are measured and recognized at fair value on a recurring basis classified under the appropriate level of the fair value hierarchy as of March 31, 2025, and December 31, 2024:

		Fair Value Measurements at March 31, 2025
(in thousands)		Quoted Prices in Active Markets for Identical Assets and Liabilities (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)				Total
Assets:
Money market fund		$	9,988			$	—			$	—			$	9,988
U.S. treasury securities			9,506				—				—				9,506
Total included in cash and cash equivalents			19,494				—				—				19,494
Available for sale investments:
Corporate debt securities			—				33,242				—				33,242
Commercial paper			—				316				—				316
U.S. treasury securities			20,234				—				—				20,234
U.S. government agencies			—				2,000				—				2,000
Total available for sale investments			20,234				35,558				—				55,792
Total assets measured at fair value on a recurring basis		$	39,728			$	35,558			$	—			$	75,286

		Fair Value Measurements at December 31, 2024
(in thousands)		Quoted Prices in Active Markets for Identical Assets and Liabilities (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)				Total
Assets:
Money market fund		$	50,499			$	—			$	—			$	50,499
U.S. treasury securities			393				—				—				393
Total included in cash and cash equivalents			50,892				—				—				50,892
Available for sale investments:
Corporate debt securities			—				23,489				—				23,489
Commercial paper			—				313				—				313
U.S. treasury securities			16,474				—				—				16,474
Total available for sale investments			16,474				23,802				—				40,276
Total assets measured at fair value on a recurring basis		$	67,366			$	23,802			$	—			$	91,168

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- References

No definition available.

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- Definition

Tabular disclosure of liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class 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). Where the quoted price in an active market for the identical liability is not available, the Level 1 input is the quoted price of an identical liability when traded as an asset.

+ 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

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