Fair value measurement at reporting date using

(in thousands)

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

Significant
other
observable
inputs
(Level 2)

Significant
unobservable
inputs
(Level 3)

March 31, 2026

Assets

Cash equivalents

Money market funds

$

19,956

$

—

$

—

Marketable securities:

    Corporate debt securities

—

27,569

—

    U.S. government securities

—

32,229

—

Total marketable securities

—

59,798

—

Total financial assets

$

19,956

$

59,798

$

—

December 31, 2025

Assets

Cash equivalents

Money market funds

$

21,620

$

—

$

—

U.S. government securities

—

12,461

—

Marketable securities:

    Corporate debt securities

—

31,027

—

    U.S. government securities

—

36,931

—

Total marketable securities

—

67,958

—

Total financial assets

$

21,620

$

80,419

$

—