v3.26.1
Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2026
Fair Value Disclosures [Abstract]  
Summary of Marketable Securities The following tables set forth marketable securities as of March 31, 2026 and December 31, 2025 (in thousands):

 

 

As of March 31, 2026

 

 

Amortized Cost

 

 

Unrealized Gains

 

 

Unrealized Losses

 

 

Total

 

U.S. Treasury notes

 

 

90,184

 

 

 

 

 

 

(31

)

 

 

90,153

 

Total

 

$

90,184

 

 

$

 

 

$

(31

)

 

$

90,153

 

 

 

As of December 31, 2025

 

 

Amortized Cost

 

 

Unrealized Gains

 

 

Unrealized Losses

 

 

Total

 

U.S. Treasury notes

 

 

87,903

 

 

 

39

 

 

 

 

 

 

87,942

 

Total

 

$

87,903

 

 

$

39

 

 

$

 

 

$

87,942

 

Summary of Fair Value of Financial Assets Measured at Fair Value on Recurring Basis

The following tables set forth the fair value of the Company’s financial assets measured at fair value on a recurring basis and indicate the level within the fair value hierarchy utilized to determine such values as of March 31, 2026 and December 31, 2025 (in thousands):

 

 

As of March 31, 2026

 

Total

 

 

Level 1

 

 

Cash Equivalents:

 

 

 

 

 

 

 

U.S. Treasury-backed money market funds

 

$

40,285

 

 

$

40,285

 

 

Marketable Securities

 

 

 

 

 

 

 

U.S. Treasury notes

 

$

90,153

 

 

 

90,153

 

 

Total

 

$

130,438

 

 

$

130,438

 

 

 

 

 

As of December 31, 2025

 

 

 

Total

 

 

Level 1

 

Cash Equivalents:

 

 

 

 

 

 

U.S. Treasury-backed money market funds

 

$

58,147

 

 

$

58,147

 

Marketable Securities:

 

 

 

 

 

 

U.S. Treasury notes

 

$

87,942

 

 

$

87,942

 

Total

 

$

146,089

 

 

$

146,089

 

Summary Of Maturity Of Company's Marketable Securities

The following table summarizes the scheduled maturity for the Company's marketable securities for the period presented (in thousands):

 

 

 

March 31,
2026

 

Maturing in one year or less

 

$

90,153

 

Total

 

$

90,153