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Investments (Tables) | 6 Months Ended
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Jun. 30, 2025
Investments, Debt and Equity Securities [Abstract] |
Schedule of Investments in Debt Securities | The Company’s investments in debt securities consisted of the following as of June 30, 2025 and December 31, 2024 (in thousands):
|  | June 30, 2025
|  | Cost |  | Gross Unrealized Gains |  | Gross Unrealized Losses |  | Fair Value
U.S. treasury securities |  | $ | 15,363 |  |  | $ | — |  |  | $ | — |  |  | $ | 15,363 |
Commercial paper |  | 9,899 |  |  | — |  |  | — |  |  | 9,899 |
Corporate bonds |  | 37,410 |  |  | 30 |  |  | (9) |  |  | 37,431 |
Total debt securities |  | $ | 62,672 |  |  | $ | 30 |  |  | $ | (9) |  |  | $ | 62,693 |
Included in cash and cash equivalents |  | $ | 6,302 |  |  | $ | 1 |  |  | $ | — |  |  | $ | 6,303 |
Included in marketable securities |  | $ | 56,370 |  |  | $ | 29 |  |  | $ | (9) |  |  | $ | 56,390 |
|  | December 31, 2024
|  | Cost |  | Gross Unrealized Gains |  | Gross Unrealized Losses |  | Fair Value
U.S. treasury securities |  | $ | 10,933 |  |  | $ | 22 |  |  | $ | — |  |  | $ | 10,955 |
Commercial paper |  | 19,067 |  |  | 7 |  |  | — |  |  | 19,074 |
Corporate bonds |  | 81,207 |  |  | 166 |  |  | (16) |  |  | 81,357 |
Certificate of deposits |  | 1,561 |  |  | — |  |  | — |  |  | 1,561 |
Total debt securities |  | $ | 112,768 |  |  | $ | 195 |  |  | $ | (16) |  |  | $ | 112,947 |
Included in cash and cash equivalents |  | $ | 16,280 |  |  | $ | 5 |  |  | $ | — |  |  | $ | 16,285 |
Included in marketable securities |  | $ | 96,488 |  |  | $ | 190 |  |  | $ | (16) |  |  | $ | 96,662 |
Schedule of Gross Unrealized Losses and Fair Value of Debt Securities in Unrealized Loss Position | The following table presents the gross unrealized losses and the fair value for those debt securities that were in an unrealized loss position for less than 12 months as of June 30, 2025 and December 31, 2024 (in thousands):
|  | June 30, 2025 |  | December 31, 2024
|  | Gross Unrealized Losses |  | Fair Value |  | Gross Unrealized Losses |  | Fair Value
U.S. treasury securities |  | $ | — |  |  | $ | 14,064 |  |  | $ | — |  |  | $ | — |
Corporate bonds |  | (9) |  |  | 17,108 |  |  | (16) |  |  | 31,546 |
Total |  | $ | (9) |  |  | $ | 31,172 |  |  | $ | (16) |  |  | $ | 31,546 |
Schedule of Equity Investments | The Company’s equity investments consisted of the following as of June 30, 2025 and December 31, 2024 (in thousands):
| Condensed Consolidated Balance Sheets Location |  | June 30, 2025 |  | December 31, 2024
Money market funds(1) | Cash and cash equivalents |  | $ | 18,451 |  |  | $ | 17,730 |
Marketable equity investments(1) | Marketable securities |  | 3,075 |  |  | 3,165 |
Investment in non-marketable securities(2) | Other non-current assets |  | 10,000 |  |  | 10,000 |
Total |  |  | $ | 31,526 |  |  | $ | 30,895 |
(1) Investments with readily determinable fair values. (2) Investment in privately held company without readily determinable fair value.

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