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Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2025
Fair Value Disclosures [Abstract]  
Summary of Financial Instruments Carried at Fair Value on Recurring Basis

The following tables present the financial instruments carried at fair value on a recurring basis as of March 31, 2025 and December 31, 2024, respectively, in accordance with the FASB ASC 820 hierarchy (in thousands):

 

 

March 31, 2025

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Cash equivalents

 

 

 

 

 

 

 

 

 

 

 

Money market funds

$

8,242

 

 

$

 

 

$

 

 

$

8,242

 

Marketable debt securities

 

 

 

 

 

 

 

 

 

 

 

U.S. Treasury securities

 

92,673

 

 

 

 

 

 

 

 

 

92,673

 

Total

$

100,915

 

 

$

 

 

$

 

 

$

100,915

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2024

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Cash Equivalents

 

 

 

 

 

 

 

 

 

 

 

Money market funds

$

9,491

 

 

$

 

 

$

 

 

$

9,491

 

Marketable debt securities

 

 

 

 

 

 

 

 

 

 

 

U.S. Treasury securities

 

107,458

 

 

 

 

 

 

 

 

 

107,458

 

Total

$

116,949

 

 

$

 

 

$

 

 

$

116,949