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Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2024
Fair Value Disclosures [Abstract]  
Fair Values of Financial Assets Measured on Recurring Basis

The fair values of the Company’s financial assets that are measured on a recurring basis are as follows (in thousands):

 

 

 

December 31, 2024

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Money market funds

 

$

28,241

 

 

$

 

 

$

 

 

$

28,241

 

Commercial paper

 

 

 

 

 

14,269

 

 

 

 

 

 

14,269

 

U.S. government bonds

 

 

2,987

 

 

 

2,981

 

 

 

 

 

 

5,968

 

Total

 

$

31,228

 

 

$

17,250

 

 

$

 

 

$

48,478

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2023

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Money market funds

 

$

12,288

 

 

$

 

 

$

 

 

$

12,288

 

Corporate bonds

 

 

 

 

 

13,992

 

 

 

 

 

 

13,992

 

Commercial paper

 

 

 

 

 

88,289

 

 

 

 

 

 

88,289

 

U.S. government bonds

 

 

42,797

 

 

 

4,994

 

 

 

 

 

 

47,791

 

Agency bonds

 

 

 

 

 

9,830

 

 

 

 

 

 

9,830

 

Total

 

$

55,085

 

 

$

117,105

 

 

$

 

 

$

172,190