v3.26.1
FAIR VALUE MEASUREMENTS
 3 Months Ended
Mar. 31, 2026
Fair Value Disclosures [Abstract]  
FAIR VALUE MEASUREMENTS FAIR VALUE MEASUREMENTS
The following table presents information about the Company’s financial assets and liabilities measured at fair value on a recurring basis and indicates the level of the fair value hierarchy utilized to determine such fair values (in thousands):
DESCRIPTIONMARCH 31, 2026
QUOTED PRICES IN ACTIVE MARKETS FOR IDENTICAL ASSETS
(LEVEL 1)
SIGNIFICANT OTHER OBSERVABLE INPUTS
(LEVEL 2)
SIGNIFICANT UNOBSERVABLE INPUTS
(LEVEL 3)
Assets
Money market funds$275,105 $275,105 $— $— 
Total financial assets$275,105 $275,105 $— $— 

DESCRIPTION
DECEMBER 31, 2025
QUOTED PRICES IN ACTIVE MARKETS FOR IDENTICAL ASSETS
(LEVEL 1)
SIGNIFICANT OTHER OBSERVABLE INPUTS
(LEVEL 2)
SIGNIFICANT UNOBSERVABLE INPUTS
(LEVEL 3)
Assets
Money market funds$270,713 $270,713 $— $— 
Total financial assets$270,713 $270,713 $— $— 
There have been no transfers between fair value levels during the three months ended March 31, 2026. The carrying values of other current assets, accounts payable and accrued expenses approximate their fair values due to the short-term nature of these assets and liabilities.