v3.26.1
Fair Value Measurements
12 Months Ended
Dec. 31, 2025
Fair Value Disclosures [Abstract]  
Fair Value Measurements

3Fair Value Measurements

 

Cash equivalents, which include certificates of deposit and money market funds, are the only financial instruments measured and recorded at fair value on our consolidated balance sheet, and are valued using Level 1 inputs. As of December 31, 2025 and 2024, the Company did not have any Level 1 and Level 2 financial liabilities or Level 3 financial assets or liabilities measured at fair value on a recurring basis. No transfers between Level 1 and Level 2 or transfers in or out of Level 3 occurred during the twelve months ended December 31, 2025 and 2024.

 

The following table presents certificates of deposit and money market funds at their level within the fair value hierarchy as of December 31, 2025 and 2024 (in thousands).

 


December 31, 2025
    Total     Level 1     Level 2     Level 3  
Assets                                
Cash equivalents















  Money market funds   $ 15,423     $ 15,423     $     $  
Total
$ 15,423

$ 15,423

$

$


December 31, 2024
    Total     Level 1     Level 2     Level 3  
Assets                                
Cash equivalents















  Certificates of deposit
$ 9,996

$ 9,996

$

$
  Money market funds  
7,441    
7,441    
   
 
Total
$ 17,437

$ 17,437

$

$