v3.25.1
Fair Value of Financial Instruments (Tables)
12 Months Ended
Dec. 31, 2024
Fair Value Disclosures [Abstract]  
Summary of Carrying Amounts and Estimated Fair Values of the Company's Financial Instruments
The Company’s financial assets measured at fair value on a recurring basis were as follows (in thousands):
 Total
Fair value measurement as of December 31, 2024
Level 1Level 2Level 3
(in thousands)
Cash equivalents:
Money market funds$238,198 $238,198 $— $— 
Total$238,198 $238,198 $— $— 
 Total
Fair value measurement as of December 31, 2023
Level 1Level 2Level 3
(in thousands)
Cash equivalents:
Money market funds$12,671 $12,671 $— $— 
U.S. Treasury securities199,121 199,121 — — 
Total$211,792 $211,792 $— $—