v3.25.4
Fair Value of Financial Assets and Liabilities (Tables)
12 Months Ended
Dec. 31, 2025
Fair Value of Financial Assets and Liabilities  
Schedule of summary of the assets and liabilities measured at fair value on a recurring basis

The following tables summarize the assets and liabilities measured at fair value on a recurring basis at December 31, 2025 and 2024 (in thousands):

Fair Value Measurements at December 31, 2025

  ​ ​ ​

Total

  ​ ​ ​

Level 1

  ​ ​ ​

Level 2

  ​ ​ ​

Level 3

Assets:

  ​

  ​

  ​

  ​

Cash and cash equivalents:

Money market funds

$

309,089

$

309,089

$

$

Marketable securities:

 

  ​

 

  ​

 

  ​

 

  ​

U.S. treasury obligations and government agency securities

44,036

44,036

Total assets

$

353,125

$

353,125

$

$

Fair Value Measurements at December 31, 2024

  ​ ​ ​

Total

  ​ ​ ​

Level 1

  ​ ​ ​

Level 2

  ​ ​ ​

Level 3

Assets:

  ​

  ​

  ​

  ​

Cash and cash equivalents:

Money market funds

$

97,290

$

97,290

$

$

U.S. treasury obligations

63,171

63,171

Marketable securities:

 

  ​

 

  ​

 

  ​

 

  ​

U.S. treasury obligations and government agency securities

 

259,400

259,400

Total assets

$

419,861

$

419,861

$

$