| Schedule of marketable securities, available-for-sale |
The following tables set forth the Company’s financial assets that were measured at fair value on a recurring basis by level within the fair value hierarchy (in thousands): | | | | | | | | | | | | | | | | | | | | | December 31, 2025 | | | | Valuation | | Amortized | | Unrealized | | Unrealized | | | | | | Hierarchy | | Cost | | Gains | | Losses | | Fair Value | Assets | | | | | | | | | | | | | | | | Cash equivalents: | | | | | | | | | | | | | | | | Money market funds | | | Level 1 | | $ | 33,219 | | $ | — | | $ | — | | $ | 33,219 | Corporate debt securities | | | Level 2 | | | 1,499 | | | — | | | — | | | 1,499 | Total cash equivalents | | | | | | 34,718 | | | — | | | — | | | 34,718 | Short-term marketable securities: | | | | | | | | | | | | | | | | Commercial paper | | | Level 2 | | | 18,061 | | | 14 | | | (4) | | | 18,071 | Corporate debt securities | | | Level 2 | | | 1,500 | | | 3 | | | — | | | 1,503 | U.S. Treasury securities | | | Level 2 | | | 50,340 | | | 92 | | | — | | | 50,432 | Agency securities | | | Level 2 | | | 2,033 | | | 1 | | | — | | | 2,034 | Asset-backed securities | | | Level 2 | | | 6,049 | | | 16 | | | (2) | | | 6,063 | Total short-term marketable securities | | | | | | 77,983 | | | 126 | | | (6) | | | 78,103 | Total cash equivalents and marketable securities | | | | | $ | 112,701 | | $ | 126 | | $ | (6) | | $ | 112,821 |
| | | | | | | | | | | | | | | | | | | | | December 31, 2024 | | | | Valuation | | Amortized | | Unrealized | | Unrealized | | | | | | Hierarchy | | Cost | | Gains | | Losses | | Fair Value | Assets | | | | | | | | | | | | | | | | Cash equivalents: | | | | | | | | | | | | | | | | Money market funds | | | Level 1 | | $ | 72,800 | | $ | — | | $ | — | | $ | 72,800 | U.S. Treasury securities | | | Level 2 | | | 2,477 | | | — | | | — | | | 2,477 | Total cash equivalents | | | | | | 75,277 | | | — | | | — | | | 75,277 | Short-term marketable securities: | | | | | | | | | | | | | | | | Commercial paper | | | Level 2 | | | 14,447 | | | 25 | | | (1) | | | 14,471 | Corporate debt securities | | | Level 2 | | | 6,909 | | | 7 | | | — | | | 6,916 | U.S. Treasury securities | | | Level 2 | | | 27,493 | | | 123 | | | — | | | 27,616 | Agency securities | | | Level 2 | | | 21,345 | | | 12 | | | (2) | | | 21,355 | Asset-backed securities | | | Level 2 | | | 5,030 | | | 22 | | | — | | | 5,052 | Total short-term marketable securities | | | | | | 75,224 | | | 189 | | | (3) | | | 75,410 | Long-term marketable securities: | | | | | | | | | | | | | | | | U.S. Treasury securities | | | Level 2 | | | 4,884 | | | 36 | | | — | | | 4,920 | Asset-backed securities | | | Level 2 | | | 2,480 | | | 8 | | | — | | | 2,488 | Total long-term marketable securities | | | | | | 7,364 | | | 44 | | | — | | | 7,408 | Total cash equivalents and marketable securities | | | | | $ | 157,865 | | $ | 233 | | $ | (3) | | $ | 158,095 |
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