| Summary of Fair value of Company's Financial Assets |
The fair value of the Company's financial assets as of June 30, 2026, has been categorized based upon the fair value hierarchy as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
Total |
|
Level 1 |
|
Level 2 |
|
Level 3 |
Financial assets: |
|
|
|
|
|
|
|
|
|
|
|
Cash equivalents |
|
|
|
|
|
|
|
|
|
|
|
Money market funds |
$ |
145,661 |
|
$ |
— |
|
$ |
145,661 |
|
$ |
— |
Certificates of Deposit |
|
14,219 |
|
|
— |
|
|
14,219 |
|
|
— |
Total financial assets included in cash equivalents |
|
159,880 |
|
|
— |
|
|
159,880 |
|
|
— |
Investments |
|
|
|
|
|
|
|
|
|
|
|
Sovereign debt securities |
|
273,379 |
|
|
— |
|
|
273,379 |
|
|
— |
Total financial assets included in investments |
|
273,379 |
|
|
— |
|
|
273,379 |
|
|
— |
Total financial assets |
$ |
433,259 |
|
$ |
— |
|
$ |
433,259 |
|
$ |
— |
The fair value of the Company's financial assets as of December 31, 2025, has been categorized based upon the fair value hierarchy as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
Total |
|
Level 1 |
|
Level 2 |
|
Level 3 |
Financial assets: |
|
|
|
|
|
|
|
|
|
|
|
Cash equivalents |
|
|
|
|
|
|
|
|
|
|
|
Sovereign debt securities |
$ |
296,312 |
|
$ |
— |
|
$ |
296,312 |
|
$ |
— |
Money market funds |
|
110,468 |
|
|
— |
|
|
110,468 |
|
|
— |
Certificates of Deposit |
|
21,000 |
|
|
— |
|
|
21,000 |
|
|
— |
Total financial assets included in cash equivalents |
|
427,780 |
|
|
— |
|
|
427,780 |
|
|
— |
Investments |
|
|
|
|
|
|
|
|
|
|
|
Sovereign debt securities |
|
340,247 |
|
|
— |
|
|
340,247 |
|
|
— |
Total financial assets included in investments |
|
340,247 |
|
|
— |
|
|
340,247 |
|
|
— |
Total financial assets |
$ |
768,027 |
|
$ |
— |
|
$ |
768,027 |
|
$ |
— |
|