v3.25.2
Fair Value Measurements (Tables)
 6 Months Ended
Jun. 30, 2025
Fair Value Disclosures [Abstract]  
Schedule of Assets Carried at Fair Value on a Hierarchy Basis

The following tables set forth by level, within the fair value hierarchy, the assets carried at fair value (in thousands):

 

 

 

Fair value measurements at June 30, 2025 using

 

 

 

Active
Markets
(Level 1)

 

 

Observable
Inputs
(Level 2)

 

 

Unobservable
Inputs
(Level 3)

 

 

Total

 

Assets

 

 

 

 

 

 

 

 

 

 

 

 

Cash equivalents – money market funds

 

$

162,200

 

 

$

-

 

 

$

-

 

 

$

162,200

 

Cash equivalents - government securities

 

 

2,993

 

 

 

-

 

 

 

-

 

 

 

2,993

 

Marketable securities – government securities

 

 

48,651

 

 

 

-

 

 

 

-

 

 

 

48,651

 

Total financial assets

 

$

213,844

 

 

$

-

 

 

$

-

 

 

$

213,844

 

 

 

 

Fair value measurements at December 31, 2024 using

 

 

 

Active
Markets
(Level 1)

 

 

Observable
Inputs
(Level 2)

 

 

Unobservable
Inputs
(Level 3)

 

 

Total

 

Assets

 

 

 

 

 

 

 

 

 

 

 

 

Cash equivalents – money market funds

 

$

169,744

 

 

$

-

 

 

$

-

 

 

$

169,744

 

Marketable securities – government securities

 

 

111,421

 

 

 

-

 

 

 

-

 

 

 

111,421

 

Total financial assets

 

$

281,165

 

 

$

-

 

 

$

-

 

 

$

281,165