v3.26.1
FAIR VALUE MEASUREMENTS (Tables)
 12 Months Ended
Dec. 31, 2025
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis
The Company’s financial assets and liabilities subject to fair value measurement on a recurring basis and the level of inputs used for such measurements were as follows (in thousands):
Fair value measurements as of December 31, 2025 using
Quoted Prices in
Active Markets
for Identical
Assets (Level 1)		Significant Other
Observable
Inputs (Level 2)		Significant
Unobservable
Inputs
(Level 3)		Fair Value as of
December 31,
2025
Assets included in:
Cash and cash equivalents
Money market securities$53,708 $— $— $53,708 
Marketable securities
Corporate debt securities— 62,876 — 62,876 
Total fair value$53,708 $62,876 $— $116,584 
Liabilities included in:
Debt, long-term
Embedded derivative liabilities$— $— $1,430 $1,430 
Total fair value$— $— $1,430 $1,430 


Fair value measurements as of December 31, 2024 using
Quoted Prices in
Active Markets
for Identical
Assets (Level 1)		Significant Other
Observable
Inputs (Level 2)		Significant
Unobservable
Inputs
(Level 3)		Fair Value as of
December 31,
2024
Assets included in:
Cash and cash equivalents
Money market securities$35,268 $— $— $35,268 
Marketable securities
Corporate debt securities— 178,901 — 178,901 
Government and agency - U.S.— 16,997 — 16,997 
Total fair value$35,268 $195,898 $— $231,166 
Liabilities included in:
Debt, long-term
Embedded derivative liabilities$— $— $970 $970 
Total fair value$— $— $970 $970 
Schedule of the Fair Value using Level 3 Significant Unobservable Inputs
The following table presents changes in Level 3 liabilities measured at fair value for the two-year period ended December 31, 2025 (in thousands):
Balance, January 1, 2024$2,560 
Change in fair value of embedded derivatives(1,590)
Balance, December 31, 2024970 
Change in fair value of embedded derivatives460 
Balance, December 31, 2025$1,430