v3.26.1
Fair Value (Tables)
 3 Months Ended
Mar. 31, 2026
Fair Value Disclosures [Abstract]  
Schedule of Financial Assets Measured at Fair Value on a Recurring Basis The following tables provide a summary of the assets that are measured at fair value on a recurring basis as of March 31, 2026 and December 31, 2025 (in thousands):

 

 

Fair Value Measurements as of
March 31, 2026

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Cash and cash equivalents:

 

 

 

 

 

 

 

 

 

 

 

 

Cash

 

$

3,964

 

 

$

—

 

 

$

—

 

 

$

3,964

 

Money Market Funds

 

 

34,346

 

 

 

—

 

 

 

—

 

 

 

34,346

 

U.S. Treasury Bills

 

 

—

 

 

 

19,913

 

 

 

—

 

 

 

19,913

 

Total

 

$

38,310

 

 

$

19,913

 

 

$

—

 

 

$

58,223

 

 

 

 

Fair Value Measurements as of
December 31, 2025

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Cash and cash equivalents:

 

 

 

 

 

 

 

 

 

 

 

 

Cash

 

$

3,280

 

 

$

—

 

 

$

—

 

 

$

3,280

 

Money Market Funds

 

 

53,713

 

 

 

—

 

 

 

—

 

 

 

53,713

 

U.S. Treasury Bills

 

 

—

 

 

 

19,964

 

 

 

—

 

 

 

19,964

 

Total

 

$

56,993

 

 

$

19,964

 

 

$

—

 

 

$

76,957