v3.26.1
Fair Value Measurements (Tables)
 3 Months Ended
Mar. 31, 2026
Fair Value Disclosures [Abstract]  
Financial Assets and Liabilities Subject to Fair Value Measurements on Recurring Basis and Level of Inputs Used in Such Measurements by Major Security Type
Financial assets subject to fair value measurements on a recurring basis and the level of inputs used in such measurements by major security type as of March 31, 2026 and as of December 31, 2025 are presented in the following tables: 

March 31, 2026
Level 1Level 2Level 3Fair Value
(In thousands)
Financial Assets:
Money market funds (1)$25,055 $— $— $25,055 
Commercial paper— 86,739 — 86,739 
Corporate bonds— 69,100 — 69,100 
U.S. treasury securities61,834 — — 61,834 
U.S. agency securities— 18,904 — 18,904 
Total financial assets$86,889 $174,743 $— $261,632 

December 31, 2025
Level 1Level 2Level 3Fair Value
(In thousands)
Financial Assets:
Money market funds (1)$48,576 $— $— $48,576 
Commercial paper— 42,704 — 42,704 
Corporate bonds— 53,705 — 53,705 
U.S. treasury securities76,157 — — 76,157 
U.S. agency securities— 33,999 — 33,999 
Total financial assets$124,733 $130,408 $— $255,141 
(1)Included within cash and cash equivalents on the Company’s condensed balance sheets.