| Schedule of Fair Value of Assets Measured on Recurring Basis |
The following table presents information about the Company’s financial instruments that are measured at fair value on a recurring basis and indicates the fair value hierarchy of the inputs the Company utilized to determine such fair value (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2025 | | Total | | Level 1 | | Level 2 | | Level 3 | | Assets | | | | | | | | | Cash equivalents: | | | | | | | | | Money market funds | $ | 51,962 | | | $ | 51,962 | | | $ | — | | | $ | — | | | Commercial paper | 5,988 | | | — | | | 5,988 | | | — | | | Marketable securities: | | | | | | | | U.S. Treasury securities | 192,065 | | | 192,065 | | | — | | | — | | | Commercial paper | 24,396 | | | — | | | 24,396 | | | — | | | Government agency securities | 23,575 | | | — | | | 23,575 | | | — | | | Corporate debt | 11,815 | | | — | | | 11,815 | | | — | | | Total financial assets | $ | 309,801 | | | $ | 244,027 | | | $ | 65,774 | | | $ | — | |
| | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2024 | | Total | | Level 1 | | Level 2 | | Level 3 | | Assets | | | | | | | | | Cash equivalents: | | | | | | | | | Money market funds | $ | 37,288 | | | $ | 37,288 | | | $ | — | | | $ | — | | Marketable securities: | | | | | | | | U.S. Treasury securities | 70,679 | | | 70,679 | | | — | | | — | | | Government agency securities | 36,415 | | | — | | | 36,415 | | | — | | | Corporate debt | 17,227 | | | — | | | 17,227 | | | — | | | Commercial paper | 5,934 | | | — | | | 5,934 | | | — | | Total financial assets | $ | 167,543 | | | $ | 107,967 | | | $ | 59,576 | | | $ | — | |
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