v3.26.1
Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2026
Fair Value Disclosures [Abstract]  
Summary of Fair Value of Financial Assets Measured at Fair Value on Recurring Basis

The following tables summarize the Company’s financial assets measured at fair value on a recurring basis by level within the fair value hierarchy:

 

 

 

 

March 31, 2026

 

 

 

Valuation
Hierarchy

 

Amortized
Cost

 

 

Unrealized
Gain

 

 

Unrealized
Loss

 

 

Fair Value

 

 

 

 

 

(In thousands)

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash equivalents:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

Level 1

 

$

77,054

 

 

$

 

 

$

 

 

$

77,054

 

Total financial assets

 

 

 

$

77,054

 

 

$

 

 

$

 

 

$

77,054

 

 

 

 

 

 

December 31, 2025

 

 

 

Valuation
Hierarchy

 

Amortized
Cost

 

 

Unrealized
Gain

 

 

Unrealized
Loss

 

 

Fair Value

 

 

 

 

 

(In thousands)

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash equivalents:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

Level 1

 

$

98,424

 

 

$

 

 

$

 

 

$

98,424

 

Total financial assets

 

 

 

$

98,424

 

 

$

 

 

$

 

 

$

98,424