v3.25.4
Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2025
Fair Value Disclosures [Abstract]  
Schedule of Financial Assets Measured at Fair Value on Recurring Basis

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

 

 

 

 

 

 

 

 

As of December 31, 2025

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Cash equivalents

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

$

87,584

 

 

$

 

 

$

 

 

$

87,584

 

Marketable Securities

 

 

 

 

 

 

 

 

 

 

 

 

US Treasury obligations

 

 

 

 

 

59,845

 

 

 

 

 

 

59,845

 

Asset-backed securities

 

 

 

 

 

43,237

 

 

 

 

 

 

43,237

 

Commercial paper

 

 

 

 

 

9,422

 

 

 

 

 

 

9,422

 

Corporate bonds

 

 

 

 

 

93,613

 

 

 

 

 

 

93,613

 

Total

 

$

87,584

 

 

$

206,117

 

 

$

 

 

$

293,701

 

 

 

 

 

 

 

 

 

 

 

As of December 31, 2024

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Cash equivalents

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

$

60,984

 

 

$

 

 

$

 

 

$

60,984

 

Marketable Securities

 

 

 

 

 

 

 

 

 

 

 

 

US Treasury obligations

 

 

 

 

 

109,036

 

 

 

 

 

 

109,036

 

US Government agency securities

 

 

 

 

 

25,094

 

 

 

 

 

 

25,094

 

Asset-backed securities

 

 

 

 

 

60,071

 

 

 

 

 

 

60,071

 

Commercial paper

 

 

 

 

 

21,857

 

 

 

 

 

 

21,857

 

Corporate bonds

 

 

 

 

 

173,967

 

 

 

 

 

 

173,967

 

Total

 

$

60,984

 

 

$

390,025

 

 

$

 

 

$

451,009