The following tables summarize the Company’s financial assets measured at fair value on a recurring basis by level within the fair value hierarchy (in thousands):


	As of
	March 31, 2026
	Level 1		Level 2		Level 3		Fair Value
Assets:
Cash equivalents:
Money market funds	$	5,870	$	—	$	—	$	5,870
U.S. government agency securities	—		999		—		999
U.S. treasury securities	—		1,496		—		1,496
Total cash equivalents	5,870		2,495		—		8,365
Short-term investments:
Corporate bonds	—		16,597		—		16,597
U.S. government agency securities	—		3,222		—		3,222
U.S. treasury securities	—		6,610		—		6,610
Total short-term investments	—		26,429		—		26,429
Long-term investments:
Corporate bonds	—		2,654		—		2,654
U.S. government agency securities	—		499		—		499
U.S. treasury securities	—		626		—		626
Total long-term investments	—		3,779		—		3,779
Total financial assets	$	5,870	$	32,703	$	—	$	38,573


	As of
	December 31, 2025
	Level 1		Level 2		Level 3		Fair Value
Assets:
Cash equivalents:
Money market funds	$	30,661	$	—	$	—	$	30,661
Total cash equivalents	30,661		—		—		30,661
Short-term investments:
Corporate bonds	—		14,524		—		14,524
U.S. government agency securities	—		2,969		—		2,969
U.S. treasury securities	—		3,205		—		3,205
Total short-term investments	—		20,698		—		20,698
Long-term investments:
Corporate bonds	—		3,821		—		3,821
U.S. treasury securities	—		625		—		625
U.S. government agency securities	—		500		—		500
Total long-term investments	—		4,946		—		4,946
Total financial assets	$	30,661	$	25,644	$	—	$	56,305