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Fair Value Measurements (Tables) | 3 Months Ended
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Mar. 31, 2025
Fair Value Disclosures [Abstract] |
Schedule of Classifications of Fair Value Hierarchy | We classify the inputs used to measure fair value into the following hierarchy:
Level 1 | Unadjusted quoted prices in active markets for identical assets or liabilities.
Level 2 | Unadjusted quoted prices in active markets for similar assets or liabilities; unadjusted quoted prices for identical or similar assets or liabilities in markets that are not active; inputs other than quoted prices that are observable for the asset or liability.
Level 3 | Unobservable inputs for the asset or liability.
Schedule of Financial Assets Measured at Fair Value on a Recurring Basis | Our financial assets measured at fair value on a recurring basis are summarized below by their classification within the fair value hierarchy as follows (in thousands):
| March 31, 2025
| Carrying Value |  | Level 1 |  | Level 2 |  | Level 3 |  | Total
Assets |  |  |  |  |  |  |  |  |
Cash equivalents |  |  |  |  |  |  |  |  |
Money market funds | $ | 13,055 |  |  | $ | 13,055 |  |  | $ | — |  |  | $ | — |  |  | $ | 13,055 |
Commercial paper | 76,661 |  |  | — |  |  | 76,661 |  |  | — |  |  | 76,661 |
Government securities | 3,394 |  |  | — |  |  | 3,394 |  |  | — |  |  | 3,394 |
Short-term marketable securities |  |  |  |  |  |  |  |  |
Commercial paper | 27,613 |  |  | — |  |  | 27,613 |  |  | — |  |  | 27,613 |
Government securities | 6,882 |  |  | — |  |  | 6,882 |  |  | — |  |  | 6,882 |
Total assets measured at fair value | $ | 127,605 |  |  | $ | 13,055 |  |  | $ | 114,550 |  |  | $ | — |  |  | $ | 127,605 |
| December 31, 2024
| Carrying Value |  | Level 1 |  | Level 2 |  | Level 3 |  | Total
Assets |  |  |  |  |  |  |  |  |
Cash equivalents |  |  |  |  |  |  |  |  |
Money market funds | $ | 15,090 |  |  | $ | 15,090 |  |  | $ | — |  |  | $ | — |  |  | $ | 15,090 |
Commercial paper | 10,562 |  |  | — |  |  | 10,562 |  |  | — |  |  | 10,562 |
Government securities | 2,618 |  |  | — |  |  | 2,618 |  |  | — |  |  | 2,618 |
Short-term marketable securities |  |  |  |  |  |  |  |  |
Commercial paper | 17,799 |  |  | — |  |  | 17,799 |  |  | — |  |  | 17,799 |
Government securities | 25,244 |  |  | — |  |  | 25,244 |  |  | — |  |  | 25,244 |
Total assets measured at fair value | $ | 71,313 |  |  | $ | 15,090 |  |  | $ | 56,223 |  |  | $ | — |  |  | $ | 71,313 |
Schedule of Cash Equivalents and Available for Sale Debt Securities by Contractual Maturity | The following table summarizes our cash equivalents and available for sale debt securities by contractual maturity (in thousands):
| As of March 31, 2025 |  | As of December 31, 2024
| Amortized Cost |  | Fair Value |  | Amortized Cost |  | Fair Value
Due in 1 year | $ | 127,626 |  |  | $ | 127,605 |  |  | $ | 71,297 |  |  | $ | 71,313 |
Schedule of Unrealized Gains and Losses on Available for Sale Debt Securities | Unrealized gains and losses on available for sale debt securities that are not credit related are included in accumulated other comprehensive loss and summarized as follows (in thousands):
| March 31, 2025
| Amortized Cost |  | Unrealized Gains |  | Unrealized Losses |  | Fair Value
Cash equivalents |  |  |  |  |  |  |
Money market funds | $ | 13,055 |  |  | $ | — |  |  | $ | — |  |  | $ | 13,055 |
Commercial paper | 76,675 |  |  | — |  |  | (14) |  |  | 76,661 |
Government securities | 3,394 |  |  | — |  |  | — |  |  | 3,394 |
Short-term marketable securities |  |  |  |  |  |  |
Commercial paper | 27,620 |  |  | — |  |  | (7) |  |  | 27,613 |
Government securities | 6,882 |  |  | — |  |  | — |  |  | 6,882 |
Total | $ | 127,626 |  |  | $ | — |  |  | $ | (21) |  |  | $ | 127,605 |
| December 31, 2024
| Amortized Cost |  | Unrealized Gains |  | Unrealized Losses |  | Fair Value
Cash equivalents |  |  |  |  |  |  |
Money market funds | $ | 15,090 |  |  | $ | — |  |  | $ | — |  |  | $ | 15,090 |
Commercial paper | 10,565 |  |  | — |  |  | (3) |  |  | 10,562 |
Government securities | 2,618 |  |  | — |  |  | — |  |  | 2,618 |
Short-term marketable securities |  |  |  |  |  |  |
Commercial paper | 17,792 |  |  | 7 |  |  | — |  |  | 17,799 |
Government securities | 25,232 |  |  | 12 |  |  | — |  |  | 25,244 |
Total | $ | 71,297 |  |  | $ | 19 |  |  | $ | (3) |  |  | $ | 71,313 |

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- Definition Tabular disclosure of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-9 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-3 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-2 Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-2 Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-2 Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (aa) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-2 Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (aaa) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-2 Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-2 Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-3 Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-3 Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-3 Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-3 + Details
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- Definition Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique used to measure similar asset in prior period by class of asset or liability on non-recurring basis. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (bbb) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
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- Definition Tabular disclosure of assets, 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). + 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 + Details
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