v3.26.1
Fair Value Measurement (Tables)
3 Months Ended
Mar. 31, 2026
Fair Value Disclosures [Abstract]  
Schedule of Marketable Securities Measured at Fair Value on Recurring Basis
The table below summarizes the fair value of the Company’s marketable securities measured at fair value on a recurring basis based on the three-tier fair value hierarchy:
March 31, 2026
Level 1Level 2Level 3Total
(in thousands)
Marketable securities
Money market funds$28,974 $— $— $28,974 
U.S. treasury securities96,398 — — 96,398 
Corporate bonds— 3,008 — 3,008 
Commercial paper— 11,742 — 11,742 
Total marketable securities$125,372 $14,750 $— $140,122 
December 31, 2025
Level 1Level 2Level 3Total
(in thousands)
Marketable securities
Money market funds
$28,524 $— $— $28,524 
U.S. treasury securities106,471 — — 106,471 
U.S. agency bonds— 4,112 — 4,112 
Total marketable securities$134,995 $4,112 $— $139,107