v3.26.1
Note 3 - Fair Value Measurements
 3 Months Ended
Mar. 31, 2026
Notes to Financial Statements  
Fair Value Disclosures [Text Block]

3.

Fair Value Measurements

 

The following tables represent the Company’s financial assets that are 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):

 

 

    Fair Value Measurements as of March 31, 2026:  
   

Quoted Prices in
Active Markets for
Identical Assets
(Level 1)

    

Significant Other
Observable
Inputs
(Level 2)

    

Significant
Unobservable
Inputs
(Level 3)

    

Fair Value

  

Assets

                                

Corporate bonds

   $ —     $ 100,097     $ —     $ 100,097  

Commercial paper

     —       11,993       —       11,993  

Certificates of deposit

     18,912       —       —       18,912  

U.S. government treasuries

     1,678       —       —       1,678  

Asset-backed securities

     —       6,839       —       6,839  

Money market funds (cash equivalents)

     5,030       —       —       5,030  

Total assets

   $ 25,620     $ 118,929     $ —     $ 144,549  

 

   

Fair Value Measurements as of December 31, 2025:

  
   

Quoted Prices in
Active Markets for
Identical Assets
(Level 1)

    

Significant Other
Observable
Inputs
(Level 2)

    

Significant
Unobservable
Inputs
(Level 3)

    

Fair Value

  

Assets

                                

Corporate bonds

   $ —     $ 86,636     $ —     $ 86,636  

Commercial paper

     —       14,960       —       14,960  

Certificates of deposit

     68,977       —       —       68,977  

U.S. government treasuries

     1,664       —       —       1,664  

Asset-backed securities

     —       6,026       —       6,026  

Money market funds (cash equivalents)

     8,383       —       —       8,383  

Total assets

   $ 79,024     $ 107,622     $ —     $ 186,646