| Summary of Cash Equivalents and Available-for-sale Securities Carrying Amounts and Fair Values |
The following tables show the Company’s cash equivalents and available-for-sale securities’ carrying amounts and fair values as of March 31, 2026, and December 31, 2025:
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As of March 31, 2026 |
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Carrying
Amount |
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Gross Unrealized Gains |
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Gross Unrealized Losses |
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Fair
Value |
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Quoted
price in
active
markets
(Level 1) |
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Significant
other
observable
inputs
(Level 2) |
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Significant
unobservable
inputs
(Level 3) |
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Financial assets |
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Money market funds |
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$ |
36,053 |
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$ |
— |
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$ |
— |
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$ |
36,053 |
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$ |
36,053 |
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$ |
— |
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$ |
— |
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Corporate securities |
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26,991 |
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2 |
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(44 |
) |
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26,949 |
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— |
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26,949 |
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— |
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Government securities |
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30,438 |
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25 |
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(7 |
) |
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30,456 |
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30,456 |
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— |
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— |
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Total financial assets |
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$ |
93,482 |
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$ |
27 |
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$ |
(51 |
) |
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$ |
93,458 |
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$ |
66,509 |
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$ |
26,949 |
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$ |
— |
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As of December 31, 2025 |
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|
Carrying
Amount |
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|
Gross Unrealized Gains |
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Gross Unrealized Losses |
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|
Fair
Value |
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|
Quoted
Price in
Active
Markets
(Level 1) |
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Significant
Other
Observable
Inputs
(Level 2) |
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Significant
Unobservable
Inputs
(Level 3) |
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Financial assets |
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Money market funds |
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$ |
29,909 |
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$ |
— |
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$ |
— |
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$ |
29,909 |
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$ |
29,909 |
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$ |
— |
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$ |
— |
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Corporate securities |
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30,636 |
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12 |
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(4 |
) |
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30,644 |
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— |
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30,644 |
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— |
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Government securities |
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52,229 |
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68 |
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— |
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52,297 |
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52,297 |
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— |
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— |
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Total financial assets |
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$ |
112,774 |
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$ |
80 |
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$ |
(4 |
) |
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$ |
112,850 |
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$ |
82,206 |
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$ |
30,644 |
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$ |
— |
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