Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2026

Summary of Fair Value Assets And Liabilities Measured On Recurring Basis

The following tables present information about the Company’s financial assets measured at fair value on a recurring basis and indicate the level of the fair value hierarchy utilized to determine such fair values as of March 31, 2026

and

December 31, 2025 (in thousands):


	March 31, 2026
	Quoted Prices in Active Markets (Level 1)		Significant Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
Marketable securities:
U.S. treasury securities	$	—	$	98,281		—	$	98,281
Non-U.S. debt securities		—		15,390		—		15,390

Total assets measured at fair value	$	—	$	113,671	$	—	$	113,671


	December 31, 2025
	Quoted Prices in Active Markets (Level 1)		Significant Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
Cash equivalents:
Certificates of deposit	$	—	$	50,930		—	$	50,930
Non-U.S. debt securities		—		17,638		—		17,638
Marketable securities:
U.S. treasury securities	$	—	$	97,511	$	—	$	97,511

Total assets measured at fair value	$	—	$	166,079	$	—	$	166,079