v3.26.1
Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2026
Fair Value Disclosures [Abstract]  
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation
The following table sets forth a summary of changes in fair value of the Company’s Level 3 liabilities for the three months ended March 31, 2026 (in thousands):


Balance as of December 31, 2025
$34,561 
Change in fair value3,439 
Conversion to equity upon liquidity event(38,000)
Balance as of March 31, 2026
$

The following table sets forth a summary of changes in fair value of the Company’s Level 3 liabilities for the three months ended March 31, 2025 (in thousands):

Balance as of December 31, 2024
$29,364 
Change in fair value(784)
Balance as of March 31, 2025
$30,148