v3.26.1
Fair Value Measurements (Tables)
 3 Months Ended
Mar. 31, 2026
Fair Value Disclosures [Abstract]  
Schedule of Assets Measured on Recurring Basis
The following table summarizes the assets measured at fair value on a recurring basis by level within the fair value hierarchy as of March 31, 2026 (in thousands):
Level 1Level 2Level 3Total
Cash equivalents
Money market funds$25,754 $— $— $25,754 
Short-term investments
US government and agency securities17,810 — 17,810 
Commercial paper— 12,683 — 12,683 
Total$43,564 $12,683 $— $56,247 
The following table summarizes the assets measured at fair value on a recurring basis by level within the fair value hierarchy as of December 31, 2025 (in thousands):
Level 1Level 2Level 3Total
Cash equivalents
Money market funds$35,785 $— $— $35,785 
Short-term investments
US government and agency securities17,129 — 17,129 
Commercial paper— 9,632 — 9,632 
Total$52,914 $9,632 $— $62,546 
Schedule of Debt Securities, Available-for-Sale
The following tables summarize the Company's short-term investments on the unaudited condensed consolidated balance sheets as of March 31, 2026 and December 31, 2025 (in thousands):
March 31, 2026
Amortized CostGross Unrealized GainsGross Unrealized LossesFair Value
Short-term investments
US government and agency securities$17,828 $— $(18)$17,810 
Commercial paper12,688 — (5)12,683 
Total$30,516 $— $(23)$30,493 
December 31, 2025
Amortized CostGross Unrealized GainsGross Unrealized LossesFair Value
Short-term investments
US government and agency securities$17,122 $7 $— $17,129 
Commercial paper9,632 1 (1)9,632 
Total$26,754 $8 $(1)$26,761 
Schedule of Cash and Cash Equivalents
The following tables summarize the Company’s cash and cash equivalents on the unaudited condensed consolidated balance sheets as of March 31, 2026 and December 31, 2025 (in thousands):
March 31, 2026
Amortized CostGross Unrealized GainsGross Unrealized LossesFair Value
Cash$16,460 $— $— $16,460 
Cash equivalents
Money market funds 25,754 — — 25,754 
Total$42,214 $— $— $42,214 
December 31, 2025
Amortized CostGross Unrealized GainsGross Unrealized LossesFair Value
Cash$19,174 $— $— $19,174 
Cash equivalents
Money market funds 35,785 — — 35,785 
Total$54,959 $— $— $54,959