| Schedule of company's financial assets measured at fair value on a recurring basis |
The following table presents information about the Company’s financial assets 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 | | Amortized Cost | | Gross Unrealized Gains | | Gross Unrealized Losses | | Fair Value | | Level 1 | | Level 2 | | Level 3 | | | | | | | | | | | | | | | | | | | | | | Money market funds | $ | 40,127 | | $ | — | | $ | — | | $ | 40,127 | | $ | 40,127 | | $ | — | | $ | — | Corporate securities | | 110,131 | | | 16 | | | (124) | | | 110,023 | | | 26,831 | | | 83,192 | | | — | Government securities | | 154,419 | | | 28 | | | (192) | | | 154,255 | | | — | | | 154,255 | | | — | Total assets measured at fair value | $ | 304,677 | | $ | 44 | | $ | (316) | | $ | 304,405 | | $ | 66,958 | | $ | 237,447 | | $ | — |
| | | | | | | | | | | | | | | | | | | | | | December 31, 2025 | | Amortized Cost | | Gross Unrealized Gains | | Gross Unrealized Losses | | Fair Value | | Level 1 | | Level 2 | | Level 3 | | | | | | | | | | | | | | | | | | | | | | Money market funds | $ | 40,494 | | $ | — | | $ | — | | $ | 40,494 | | $ | 40,494 | | $ | — | | $ | — | Corporate securities | | 105,373 | | | 78 | | | (25) | | | 105,426 | | | 16,347 | | | 89,079 | | | — | Government securities | | 161,882 | | | 116 | | | (143) | | | 161,855 | | | — | | | 161,855 | | | — | Total assets measured at fair value | | 307,749 | | | 194 | | | (168) | | $ | 307,775 | | $ | 56,841 | | $ | 250,934 | | $ | — |
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