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

The following table identifies the Company’s assets that were measured at fair value on a recurring basis (in thousands):

 

 

 

 

 

 

 

 

Gross

 

 

Gross

 

 

Estimated

 

 

 

 

 

 

Amortized

 

 

Unrealized

 

 

Unrealized

 

 

Fair

 

 

 

Level

 

 

Cost

 

 

Gains

 

 

Losses

 

 

Value

 

March 31, 2026

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents - Money market mutual funds

 

 

1

 

 

$

24,035

 

 

$

 

 

$

 

 

$

24,035

 

Short-term investments - U.S. Treasury securities

 

 

2

 

 

 

176,744

 

 

 

9

 

 

 

(105

)

 

 

176,648

 

Total

 

 

 

 

$

200,779

 

 

$

9

 

 

$

(105

)

 

$

200,683

 

December 31, 2025

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents - Money market mutual funds

 

 

1

 

 

$

41,030

 

 

$

 

 

$

 

 

$

41,030

 

Short-term investments - U.S. Treasury securities

 

 

2

 

 

 

203,544

 

 

 

134

 

 

 

(9

)

 

 

203,669

 

Total

 

 

 

 

$

244,574

 

 

$

134

 

 

$

(9

)

 

$

244,699