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Marketable Securities (Tables)
 9 Months Ended
Sep. 30, 2025
Cash and Cash Equivalents [Abstract]  
Schedule of Fair Value of Marketable Securities

The following table summarizes the fair value of marketable securities held by the Company and their location in the Company’s condensed consolidated balance sheet (in thousands):

 

 

 

September 30, 2025

 

 

December 31, 2024

 

Marketable debt securities

 

 

 

 

 

 

Included within cash and cash equivalents

 

$

18,058

 

 

$

17,432

 

Included within marketable securities

 

$

—

 

 

$

1,992

 

Marketable equity securities

 

 

 

 

 

 

Included within marketable securities

 

$

23

 

 

$

24

 
Summary of Available for Sale Debt Securities

The following tables summarize the available-for-sale debt securities classified within cash and cash equivalents and within marketable securities in the Company’s condensed consolidated balance sheet for the periods presented (in thousands):

 

 

 

September 30, 2025

 

Financial Assets:

 

Amortized Cost

 

 

Unrealized Gains

 

 

Unrealized Losses

 

 

Fair Value

 

U.S. Treasury securities

 

$

18,057

 

 

$

1

 

 

$

—

 

 

$

18,058

 

Total

 

$

18,057

 

 

$

1

 

 

$

—

 

 

$

18,058

 

 

 

 

December 31, 2024

 

Financial Assets:

 

Amortized Cost

 

 

Unrealized Gains

 

 

Unrealized Losses

 

 

Fair Value

 

U.S. Treasury securities

 

$

19,420

 

 

$

4

 

 

$

—

 

 

$

19,424

 

Total

 

$

19,420

 

 

$

4

 

 

$

—

 

 

$

19,424

 

 
Schedule of Amortized Cost and Estimated Fair Value of Available-for-sale Debt Securities by Contractual Maturity

As of September 30, 2025, the amortized cost and estimated fair value of the Company’s available-for-sale debt securities by contractual maturity are shown below (in thousands):

 

Available-for-sale debt securities maturing:

 

Amortized Cost

 

 

Estimated Fair Value

 

In one year or less

 

$

18,057

 

 

$

18,058

 

Total available-for-sale debt securities

 

$

18,057

 

 

$

18,058

 
Schedule of Marketable Equity Securities

The following table represents the realized and unrealized loss on marketable equity securities for the periods presented (in thousands):

 

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Gain (loss) on marketable equity securities, net

 

$

6

 

 

$

(6

)

 

$

(1

)

 

$

(21

)

Less: Loss recognized in earnings on marketable equity
   securities sold

 

 

—

 

 

 

—

 

 

 

—

 

 

 

4

 

Unrealized gain (loss) recognized on marketable equity
   securities held at end of period, net

 

$

6

 

 

$

(6

)

 

$

(1

)

 

$

(17

)