Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2025

Fair Value Disclosures [Abstract]

Schedule of Financial Assets and Liabilities Measured at Fair Value on Recurring Basis

The following tables present information about the Company’s financial assets and liabilities measured at fair value on a recurring basis and indicates the level of the fair value hierarchy utilized to determine such fair values:


		December 31, 2025
		Level 1				Level 2				Level 3				Total
		(in thousands)
Assets:
Cash equivalents		$	207,599			$	—			$	—			$	207,599
Restricted cash equivalents			985				—				—				985
Treasury bills			90,328				—				—				90,328
Total financial assets		$	298,912			$	—			$	—			$	298,912


		December 31, 2024
		Level 1				Level 2				Level 3				Total
		(in thousands)
Assets:
Cash equivalents		$	37,550			$	—			$	—			$	37,550
Restricted cash equivalents			1,446				—				—				1,446
Treasury bills			99,110				—				—				99,110
Total financial assets		$	138,106			$	—			$	—			$	138,106