Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2026

Fair Value Disclosures [Abstract]

Schedule of Financial Assets and Liabilities Measured at Fair Value on Recurring Basis

The following tables present information about the Company’s financial assets and liabilities measured at fair value on a recurring basis and indicates the level of the fair value hierarchy utilized to determine such fair values (in thousands):


		March 31, 2026
		Level 1				Level 2				Level 3				Total
Assets:
Cash equivalents		$	205,722			$	—			$	—			$	205,722
Restricted cash equivalents			986				—				—				986
Treasury bills			50,632				—				—				50,632
Total financial assets		$	257,340			$	—			$	—			$	257,340


		December 31, 2025
		Level 1				Level 2				Level 3				Total
Assets:
Cash equivalents		$	207,599			$	—			$	—			$	207,599
Restricted cash equivalents			985				—				—				985
Treasury bills			90,328				—				—				90,328
Total financial assets		$	298,912			$	—			$	—			$	298,912