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

The following table summarizes the Company's financial assets and liabilities measured at fair value on a recurring basis by level within the fair value hierarchy (in thousands):

 

 

March 31, 2026

 

 

 

Total

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

Financial assets:

 

 

 

 

 

 

 

 

 

 

 

 

Cash equivalents:

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

$

45,618

 

 

$

45,618

 

 

$

 

 

$

 

Total

 

$

45,618

 

 

$

45,618

 

 

$

 

 

$

 

Financial liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

Warrant liability

 

$

3,938

 

 

$

 

 

$

 

 

$

3,938

 

Total

 

$

3,938

 

 

$

 

 

$

 

 

$

3,938

 

 

 

 

December 31, 2025

 

 

 

Total

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

Financial assets:

 

 

 

 

 

 

 

 

 

 

 

 

Cash equivalents:

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

$

48,458

 

 

$

48,458

 

 

$

 

 

$

 

Total

 

$

48,458

 

 

$

48,458

 

 

$

 

 

$