v3.26.1
MARKETABLE SECURITIES (Tables)
 3 Months Ended
Mar. 31, 2026
Investments, Debt and Equity Securities [Abstract]  
Schedule of Fair Value of Marketable Securities by Type of Security

The amortized cost, gross unrealized holding gains, gross unrealized holding losses and fair value of our marketable securities by type of security as of March 31, 2026 and December 31, 2025 was as follows:
MARCH 31, 2026
(in thousands)Fair Value Hierarchy LevelAmortized CostGross Unrealized Holding GainsGross Unrealized Holding Losses Fair Value
Cash and cash equivalents Level 1$16,383 $— $— $16,383 
U.S. treasury securitiesLevel 15,495 1 — 5,496 
$21,878 $1 $— $21,879 
DECEMBER 31, 2025
(in thousands)Fair Value Hierarchy LevelAmortized CostGross Unrealized Holding GainsGross Unrealized Holding Losses Fair Value
Cash and cash equivalentsLevel 1$6,695 $— $— $6,695 
U.S. treasury securitiesLevel 119,212 17 — 19,229 
U.S. government agency securitiesLevel 24,630 1 — 4,631 
$30,537 $18 $— $30,555 
Schedule of Marketable Securities by Balance Sheet Location Classification
The fair values of marketable securities by classification in the condensed consolidated balance sheets as of March 31, 2026 and December 31, 2025 was as follows:
(in thousands)MARCH 31, 2026DECEMBER 31, 2025
Cash and cash equivalents$16,383 $7,193 
Marketable securities5,496 23,362 
$21,879 $30,555 
Schedule of Fair Values of Available-for-Sale Debt Securities by Contractual Maturity
The fair values of available-for-sale debt securities as of March 31, 2026 and December 31, 2025, by contractual maturity, are summarized as follows:
(in thousands)MARCH 31, 2026DECEMBER 31, 2025
Due in one year or less$21,879 $30,555 
Due after one year through two years— — 
$21,879 $30,555