v3.25.4
Fair Value of Financial Instruments and Non-Financial Instruments (Tables)
12 Months Ended
Dec. 31, 2025
Fair Value of Financial Instruments and Non-Financial Instruments  
Summary of assets measured at fair value on a recurring basis

Fair value measurement at

reporting date using

Quoted prices

 

in active

 

Significant

 

 

markets for

 

other

 

Significant

 

identical

 

observable

 

unobservable

 

assets

 

inputs

inputs

(in thousands)

  ​ ​ ​

(Level 1)

  ​ ​ ​

(Level 2)

  ​ ​ ​

(Level 3)

December 31, 2025:

 

  ​

 

  ​

 

  ​

Assets

 

  ​

 

  ​

 

  ​

Cash equivalents:

Money market funds

$

43,803

$

$

Total cash equivalents

43,803

Total financial assets

$

43,803

$

$

December 31, 2024:

Assets

 

  ​

 

  ​

 

  ​

Cash equivalents:

Money market funds

$

29,058

$

$

Commercial paper

4,988

Total cash equivalents

29,058

4,988

Marketable securities:

Certificates of deposit

5,971

Commercial paper

25,439

Corporate debt securities

1,865

U.S. government securities

5,908

Total marketable securities

39,183

Total financial assets

$

29,058

$

44,171

$

Summary of non-financial instruments measured at fair value, on a nonrecurring basis

Fair Value Measurements as of December 31, 2025 of assets remeasured during 2025

Year ended December 31, 2025

(in thousands)

Level 1

Level 2

Level 3

Impairment Losses

Property and equipment, net

$

$

$

3,155

$

3,373

Right of use assets

9,489

2,633

Other assets

139

Total

$

$

$

12,644

$

6,145

Fair Value Measurements as of December 31, 2024 of assets remeasured during 2024

Year ended December 31, 2024

(in thousands)

Level 1

Level 2

Level 3

Impairment Losses

Property and equipment, net

$

$

$

1,668

$

2,279

Right of use assets

1,642

2,516

Other assets

200

438

Total

$

$

$

3,510

$

5,233