v3.25.3
Fair Value Measurement (Tables)
 9 Months Ended
Sep. 30, 2025
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Financial Assets Measured on Recurring Basis
The following fair value hierarchy table presents information about the Company’s financial assets measured and carried at fair value (amounts in thousands):
Fair value measurement at reporting date using
Quoted prices
in active markets for
identical assets
(Level 1)		Significant
other
observable inputs (Level 2)		Significant
unobservable inputs
(Level 3)
Total
September 30, 2025
Assets
Money Market fund$28,397 $— $— $28,397 
U.S. Treasury and government agency securities
72,618 90,581 — 163,199 
Corporate debt securities— 110,295 — 110,295 
Commercial paper
— 24,734 — 24,734 
Total
$101,015 $225,610 $— $326,625 
December 31, 2024
Assets
Money Market fund$217,515 $— $— $217,515 
U.S. Treasury securities171,885 — — 171,885 
Total
$389,400 $— $— $389,400 
Schedule of Debt Securities, Fair Value of U.S. Treasury Securities and Money Market Fund
The following represents the amortized cost bases and fair values of the Company’s fixed income investments as of September 30, 2025 (amounts in thousands):

Amortized CostGross Unrealized Gains Gross Unrealized LossesFair Value
Money Market fund, included in Cash and cash equivalents$28,397 $— $— $28,397 
U.S. Treasury and government agency securities, included in:
Short-term investments$128,447 $44 $(20)$128,471 
Long-term investments34,712 42 (26)34,728 
Total U.S. Treasury and government agency securities
$163,159 $86 $(46)$163,199 
Corporate debt securities, included in:
Short-term investments$42,125 $75 $(2)$42,198 
Long-term investments67,809 297 (9)68,097 
Total Corporate debt securities$109,934 $372 $(11)$110,295 
Commercial paper, included in:
Short-term investments$24,726 $8 $— $24,734 
Total Commercial paper$24,726 $8 $— $24,734 
In aggregate:
Investments above with no unrealized loss
$245,157 $466 $— $245,623 
Investments above with unrealized loss
81,059 — (57)81,002 
Total investments
$326,216 $466 $(57)$326,625