v3.26.1
Fair value measurements (Tables)
12 Months Ended
Dec. 31, 2025
Fair Value Disclosures [Abstract]  
Schedule of Fair Value of Assets and Liabilities Measured 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 indicate the level of the fair value hierarchy utilized to determine such fair values (in thousands):

 

 

 

As of December 31, 2025

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Current assets

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

$

129,279

 

 

$

 

 

$

 

 

$

129,279

 

Pension plan assets

 

 

 

 

 

12,440

 

 

 

 

 

 

12,440

 

Corporate debt securities

 

 

 

 

 

99,596

 

 

 

 

 

 

99,596

 

U.S Treasury securities

 

 

 

 

 

147,625

 

 

 

 

 

 

147,625

 

Total assets measured at fair value

 

$

129,279

 

 

$

259,661

 

 

$

 

 

$

388,940

 

 

 

 

As of December 31, 2024

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Current assets

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

$

223,657

 

 

$

 

 

$

 

 

$

223,657

 

Pension plan assets

 

 

 

 

 

9,413

 

 

 

 

 

 

9,413

 

Corporate debt securities

 

 

 

 

 

63,758

 

 

 

 

 

 

63,758

 

U.S Treasury securities

 

 

 

 

 

84,137

 

 

 

 

 

 

84,137

 

Total assets measured at fair value

 

$

223,657

 

 

$

157,308

 

 

$

 

 

$

380,965