| Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis |
Assets and liabilities measured at fair value on a recurring basis are as follows (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | | | Fair Value Measurements Using | | Total | | Quoted Prices in
Active Markets
for Identical
Assets (Level 1) | | Significant Other
Observable
Inputs
(Level 2) | | Significant
Unobservable
Inputs
(Level 3) | | March 31, 2026: | | | | | | | | | Assets: | | | | | | | | Cash equivalents (1) | $ | 18,305 | | | $ | 18,305 | | | $ | — | | | $ | — | | | U.S. Government agency securities | 48,694 | | | 48,694 | | | — | | | — | | | Certificates of deposits | 1,409 | | | — | | | 1,409 | | | — | | | Corporate debt securities | 116,512 | | | — | | | 116,512 | | | — | | | Commercial paper | 49,410 | | | — | | | 49,410 | | | — | | | Yankee debt | 2,896 | | | — | | | 2,896 | | | — | | | Asset-backed securities | 7,249 | | | — | | | 7,249 | | | — | | | Total financial assets | $ | 244,475 | | | $ | 66,999 | | | $ | 177,476 | | | $ | — | | | | | | | | | | | December 31, 2025: | | | | | | | | | Assets: | | | | | | | | | Cash equivalents | $ | 75,051 | | | $ | 75,051 | | | $ | — | | | $ | — | | | U.S. Government agency securities | 41,373 | | | 41,373 | | | — | | | — | | | Certificates of deposits | 3,013 | | | — | | | 3,013 | | | — | | | Corporate debt securities | 81,698 | | | — | | | 81,698 | | | — | | | Commercial paper | 48,453 | | | — | | | 48,453 | | | — | | | Yankee debt | 4,465 | | | — | | | 4,465 | | | — | | | Asset-backed securities | 8,291 | | | — | | | 8,291 | | | — | | | Total financial assets | $ | 262,344 | | | $ | 116,424 | | | $ | 145,920 | | | $ | — | |
(1) Cash equivalents includes $17.9 million in short-term investments and $0.4 million in other cash equivalents.
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