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Investments (Tables)

3 Months Ended

Mar. 31, 2025

Investments, Debt and Equity Securities [Abstract]

Schedule of Available-for-Sale Securities

The following tables summarize investments accounted for as available-for-sale securities (in thousands):


		As of March 31, 2025
		Acquisition Cost				Unrealized Gain				Unrealized Loss				Estimated Fair Value
Money market funds		$	10,640			$	—			$	—			$	10,640
U.S. government obligations			123,104				37				(5	)			123,136
Total cash equivalents and investments		$	133,744			$	37			$	(5	)		$	133,776
Classified as:
Cash equivalents														$	10,640
Short-term investments															123,136
Total cash equivalents and investments														$	133,776


		As of December 31, 2024
		Acquisition Cost				Unrealized Gain				Unrealized Loss				Estimated Fair Value
Money market funds		$	24,889			$	—			$	—			$	24,889
U.S. government obligations			118,170				121				(2	)			118,289
Corporate debt securities			7,236				2				—				7,238
Total cash equivalents and investments		$	150,295			$	123			$	(2	)		$	150,416
Classified as:
Cash equivalents														$	24,889
Short-term investments															125,527
Total cash equivalents and investments														$	150,416