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

The following table presents 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 as of March 31, 2026 and December 31, 2025 (in thousands):

Description

 

March 31,
2026

 

 

Quoted prices in
active markets
for identical
assets
(Level 1)

 

 

Significant
other
observable
inputs
(Level 2)

 

 

Significant
unobservable
inputs
(Level 3)

 

Financial assets

 

 

 

 

 

 

 

 

 

 

 

 

Cash equivalents:

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

$

84,194

 

 

$

84,194

 

 

$

—

 

 

$

—

 

Marketable securities:

 

 

 

 

 

 

 

 

 

 

 

 

  U.S. Government agencies

 

 

29,940

 

 

 

—

 

 

 

29,940

 

 

 

—

 

Total financial assets

 

$

114,134

 

 

$

84,194

 

 

$

29,940

 

 

$

—

 

 

 

Description

 

December 31,
2025

 

 

Quoted prices in
active markets
for identical
assets
(Level 1)

 

 

Significant
other
observable
inputs
(Level 2)

 

 

Significant
unobservable
inputs
(Level 3)

 

Financial assets

 

 

 

 

 

 

 

 

 

 

 

 

Cash equivalents:

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

$

58,688

 

 

$

58,688

 

 

$

—

 

 

$

—

 

Marketable securities:

 

 

 

 

 

 

 

 

 

 

 

 

  U.S. Government agencies

 

 

84,726

 

 

 

—

 

 

 

84,726

 

 

 

—

 

Total financial assets

 

$

143,414

 

 

$

58,688

 

 

$

84,726

 

 

$

—