The following table summarizes the Company’s financial assets measured at fair value on a recurring basis and classified under the appropriate level of the fair value hierarchy as described above (in thousands):


	December 31, 2025
	Total		Level 1		Level 2		Level 3
Financial Assets:
Cash equivalents:
U.S. Treasury money market funds	$	71,878	$	71,878	$	—	$	—
Total	$	71,878	$	71,878	$	—	$	—


	December 31, 2024
	Total		Level 1		Level 2		Level 3
Financial Assets:
Cash equivalents:
U.S. Treasury money market funds	$	37,177	$	37,177	$	—	$	—
Commercial paper	3,963		$	—	3,963		—
Marketable securities:
Corporate debt securities	15,194		—		15,194		—
U.S. Treasury securities	27,391		27,391		—		—
Commercial paper	42,919		—		42,919		—
U.S. Government agency bonds	4,992		—		4,992		—
Total	$	131,636	$	64,568	$	67,068	$	—